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Old 09-02-2016, 12:48 PM   #8151
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August sales figures are out along with all the news articles.

I am actually pretty suprised to see sales didn't drop more. What's more interesting is this article.

Vancouver searches plunge on Chinese real estate site
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Old 09-02-2016, 05:14 PM   #8152
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Check this out.

Looks like Vancouver realtors are targeting Saanich now.
That 15% foreign tax in the Vancouver will only push investors outside of City of Vancouver.

Saanich home draws attention from Vancouver realtors | CHEK

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Old 09-02-2016, 05:24 PM   #8153
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plunge! plummet! crash!

i feel the media should be more selective of its adjectives. makes it sound like we're on the brink of a firesale.
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Old 09-02-2016, 06:32 PM   #8154
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Check this out.

Looks like Vancouver realtors are targeting Saanich now.
That 15% foreign tax in the Vancouver will only push investors outside of City of Vancouver.

Saanich home draws attention from Vancouver realtors | CHEK

That was from over a week ago and that house is still unsold ... And with an MLS listing ID of 368210, it's likely been for sale for a few years now.

It's currently listed with RE/MAX and last year it was listed with Sotheby's. No sales history on BCAssessment.
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Old 09-02-2016, 07:41 PM   #8155
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This happens because you loud kids keep poking the new immigrants

5,000 jobs gone in four months, says Vancouver Home Builders' Association - British Columbia - CBC News


it's counter productive and hurt the very foundation of everything when you rev kids on Fentanyl keep being a pain "WHY YOU NO ENGLISH, GET OUT OF MY COUNTRY"
do you want Vancouver to look like Gastown from decades ago? fucking retards
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Old 09-02-2016, 08:24 PM   #8156
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Old 09-03-2016, 04:00 AM   #8157
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Where can I check the estimated completion date of a condo? Specifically the Wall Centre Central Park on kingsway x bounday?
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Old 09-03-2016, 09:44 AM   #8158
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Right, because the fact we're moving into the fall and winter has nothing to do with the fact that traditionally a number of layoffs happen anyways.... The media is just awful
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Old 09-03-2016, 09:58 AM   #8159
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Right, because the fact we're moving into the fall and winter has nothing to do with the fact that traditionally a number of layoffs happen anyways.... The media is just awful
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Looking ahead, he said the industry will come back, but he's bracing for fewer home starts in the long run, and uncertainty until the market levels out.
Says in the article will be a temporary thing just like in the past. But a but they are right a large number of layoffs / workshortage will affect other industries as well
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Old 09-06-2016, 12:33 AM   #8160
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i ever you guys are interested to get you own home i know a site where i actually bought mine. they actually help me big time. they won't leave you hanging as well. try it here

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Old 09-06-2016, 12:36 AM   #8161
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hey guys! i have to share this with you. because I got mine here as well. they will help you save and give the best deal ever. if your planning to own a house of your own you might want to check it.

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Old 09-06-2016, 12:55 AM   #8162
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Old 09-06-2016, 07:42 AM   #8163
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i ever you guys are interested to get you own home i know a site where i actually bought mine. they actually help me big time. they won't leave you hanging as well. try it here
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hey guys! i have to share this with you. because I got mine here as well. they will help you save and give the best deal ever. if your planning to own a house of your own you might want to check it
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Old 09-06-2016, 09:08 AM   #8164
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Well this page went full retard...
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Old 09-06-2016, 09:19 AM   #8165
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Old 09-06-2016, 12:41 PM   #8166
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lol fucking classic Garth Turner in response to the SFH price drop due to foreign buyers tax:

Two charts ? Greater Fool ? Authored by Garth Turner ? The Troubled Future of Real Estate

Has preached for years that foreign buyers were not the source of the bubble, sure he admits it might be 'IN LARGE PART':

Quote:
It was not so much that the measure walled off the Chinese dudes (although it did, in large part)
But then quickly backtracks to his usual spiel of blaming dumb locals because they THOUGHT the foreign buyers were causing the high values. As usual, with no evidence besides his own rhetoric:

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but rather that the locals believed that to be the case, while mistakenly feeling foreign buyers were responsible for the gasbag prices their own FOMO has created.
Then he shows this chart... lol @ the ominous red dotted down arrow and the big red question mark: http://www.greaterfool.ca/wp-content...4-modified.png

Which he compares to the US housing crash of 2008... omg the curves look similar, the bubble has burst, Garth was right all along!!! http://www.greaterfool.ca/wp-content...6/09/CASE3.jpg

Edit: appears Garth disabled hotlinking to his images. Perhaps he doesn't like it when his idiocy is criticized on the interwebs.
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Old 09-06-2016, 12:44 PM   #8167
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^

Your pics aren't coming up.




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Well this page went full retard...
I was only gone a week, and it all went to hell.

The realtors are getting hungry. My FB feed is full of realtor friends looking for new business. It was only a matter of time before they found our little thread here and began to infiltrate.



I'm hoping that the market is about to do this.


However, with boy wonder Monsieur Trudeau kissing chinese ass all last week, they could just be taking their money to another city with weak leadership.

Like Calgary.

Why more Chinese investors are buying Calgary real estate | Globalnews.ca



I would love to see these folks try to survive in Calgary during the winter..... only to be met with the dirtbag Stampeders once the snow melts.




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Old 09-06-2016, 12:47 PM   #8168
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^

Your pics aren't coming up.
Edited as links, he disabled hotlinking to his images.
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Old 09-06-2016, 01:51 PM   #8169
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Trudeau wants to help create affordable housing yet is going out of his way to setup "fast tracked" visa stations in China to make it easier to come here and visit? Right..

Went away last week got back last night

Since I've gotten back two houses I've been watching in east Van have sold, both above asking (albeit 50 and 100k respectively)

The "Ruth and David" group who specialize in east Van just listed 7 new properties as of today, and hinting the market is picking right back up.

Also had this email forwarded to me from the urban development institute (UDI):

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Homes sales in the attached and apartment market return to average August levels. Limited supply and high prices leave affordability unchanged in the majority of Greater Vancouver.

Statistics released today from the Real Estate Board of Greater Vancouver show residential property sales in Metro Vancouver declined 26% in August compared to the same month one year ago, yet prices in attached and detached homes are still well above 2015 levels.
As UDI predicted, the largest drop in sales was for single family detached homes which decreased 44.6 per cent from the previous year.

Attached home sales, which account 95% of the new home market, decreased by a modest 10 per cent. With prices still above August 2015 levels and limited supply, affordability remains unchanged for the majority of the region.

Demand for condos and townhomes is strong, and many areas remain under-supplied for this type of housing. Since the new tax was introduced, some condo projects were launched and units quickly sold with robust demand. Bosa Properties pre-sold all one-bedroom units in their Cardero building in less than two-weeks from their recent launch.

The Urban Development Institute urged the provincial government to grandfather pre-sale contracts that were already in place prior to the announcement of the foreign buyers tax. Due to the government’s refusal to exempt existing contracts, many purchasers had to forfeit their deposits when they discovered they could not afford the new tax. There are still many pre-sale contracts subject to the tax on units still under construction.
If September picks up, or even carries on existing prices

Ain't shit changed, cept the number after the dot on the range!
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Old 09-06-2016, 03:31 PM   #8170
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Old 09-06-2016, 03:38 PM   #8171
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Lots of trolling over the past couple of pages, but let's bring this discussion back on topic.

What are some underrated pockets of Metro Vancouver? If I were buying today, I would be looking hard at Sapperton in New West or Moody Centre in Port Moody. These areas have Sky train access, an industrial feel, and haven't been ruined by the foreign money...yet.
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Old 09-06-2016, 04:56 PM   #8172
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The realtors are getting hungry. My FB feed is full of realtor friends looking for new business.
I noticed that too
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Old 09-06-2016, 05:14 PM   #8173
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I can't bring myself to like New West, maybe it's cause I drove by there to get to work and traffic always blows, but I'd take Port Moody any day of the week.
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Old 09-06-2016, 05:19 PM   #8174
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I would love to see these folks try to survive in Calgary during the winter..... only to be met with the dirtbag Stampeders once the snow melts.
It's not like they are living there?
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Old 09-06-2016, 06:45 PM   #8175
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Trudeau wants to help create affordable housing yet is going out of his way to setup "fast tracked" visa stations in China to make it easier to come here and visit? Right..

Went away last week got back last night

Since I've gotten back two houses I've been watching in east Van have sold, both above asking (albeit 50 and 100k respectively)

The "Ruth and David" group who specialize in east Van just listed 7 new properties as of today, and hinting the market is picking right back up.

Also had this email forwarded to me from the urban development institute (UDI):



If September picks up, or even carries on existing prices

Ain't shit changed, cept the number after the dot on the range!
Here's a snap of the actual data (your email was derived from this data, originally sent from the VREB). You may have to crank your head around but you'll see sales are down a huge amount from last month (obviously a small snapshot of data), and indeed down a fair amount from this time last year. If I had a little more time it would be interesting to compare 2015 July data to 2016.

As for new listings happening in east van... Isn't that considered supply?


Also interesting to see te split of where the changes are actually happening. Van west/east, richmond and Burnaby have very large drops. Where as west van has little change. Areas outside of the "tax zone" have smaller changes as well.
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