It’s the end of another week and that means it’s time for the free-for-all, or regular end of the week news round-up and open topic discussion thread. Here are a few recent links to kick off the chat:
–Vancouver housing slows to crawl
–Telus Garden sold out?
–Maybe not so sold out.
–Inventory growth slows (chart)
–Metro van sees sharp sales drop
–REBGV Press Release (PDF)
–Agent grumpy about bubble talk
–Housing bubble sentiment chart
–1980’s all over again?
–Senators grumpy with Carney
–Housing market pumps GDP
–Australia down 10%
–China’s ‘epic’ property bubble
So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!
The courier is getting lots of linkage from us as of late, but they’re playing both sides of this issue pretty well. Is it racist to say that we should have foreign buyer restrictions or that absentee owners can kill a neighborhood? Mark Hasiuk says NO.
Christy “Families First” Clark, a committed globalist, won’t restrict foreign ownership in B.C. Mayor Gregor Robertson, who slobbered over Beijing during a 2010 “trade mission” to China, won’t reform the tax code to accommodate the new normal. Which means foreign real estate investors pay the same rate (4.2 per cent) as local homeowners, not the business rate (18 per cent) they should.
Read the full article here.
For most people a home is the largest purchase they will make in their life. And it’s so complicated!
Now you could do a bunch of research or you could relax and let an expert tell you what to do.
Fortunately there’s a whole bunch of people that specialize in the finer points of buying and selling real estate and they form organizations to help you, the potential buyer/seller.
In the USA there’s the National Association of Realtors or NAR and they put out this great ad in 2006:
LOL on bad timing. In 2006 in the US only one of those options was a good move. And yes, that’s a real ad. Found it over at Burbed with thanks to gordholio.
Real professional posted an updated housing sentiment indicator over at Vancouverpeak.com
This is an excerpt from the housing bubble chart book produced by Pacifica Partners.