You are reducing the value of your condo! When time comes to sell you take out about 50% of the buyers that want to buy for investment. Many condo councils are voting out tenants (you then can only rent to family members) and yes they can do that! The idea seems to be that tenants are problems. Actually
Vancouver is not the second least affordable place on the planet to buy a home, not even close, according to researcher and blogger Ng Weng Hoong (weng@energysasia.com) who has lashed out at the “urban myths” surrounding Vancouver’s housing market which he says a spoon-fed media continually parrots. Hoong says the media relies on the annual Demographia survey. Its 2016 report was released
A sharp reversal in Hong Kong home sales. Condos down 20%. Some panic selling (South China Morning Post). Further, the local Centaline Property Agency estimates that total Hong Kong property transactions in January were the worst month since 1991, when it started compiling monthly figures. In other words, the biggest drop in recorded history! A sale of a big condo
Ozzie reported on CKNW from the Wold Outlook Conference: He blamed Mr. Poloz (Bank of Canada Governor) for high housing prices (talking down our dollar relentlessly and at the same time creating lifetime lows in interest rates). He quoted from from the Outlook Issue at Jurock's Real Estate Insider. He also talked about the Hottest January
How will the BAD CHINESE NEWS affect real estate? In our upcoming Outlook issue: 1. Chinese economy slowing, stocks down 20% - we know that Chinese money will flee the currency decline: WE WILL TELL YOU WHAT COMES AND WHERE IT WILL GO 2. Stocks DOWN 20% in China, 9% in Canada everywhere: WE WILL TELL YOU WHY
1. China had an over-developed real estate market (accounts for around 15% of the Chinese economy). Home prices in China’s major cities crashed in 2013/2014. This put serious pressure on Chinese consumers, since around two-thirds of the typical Chinese family’s wealth is tied to their homes. 2. When housing started going bust, Chinese investors started
1. With our central banker, lowering rates - even planning to go negative - in order to stimulate exports it makes it easier to afford larger and larger mortgages. As a result CMHC will be ordered to tighten rules more and more for investors. It is already dramatically more difficult to get approved for an investment mortgage
At the World Outlook Financial Conference Ozzie always gives 40 or so best recommendations for the following year. Including but not limited to the 5 Best towns in Canada, BC and Alta and the best 5 with suburbs US for investment ... as well as their suburbs. Also, what will the Americans be buying? Chinese still
There is a lot of tight tracking of Canadian citizens visiting the US. The new computer system knows every day that you spend visiting. That has an impact on the rules under which you might have to file a tax return. There is some confusion about how long one can stay before one has to
This article has been updated with new information, see Snowbirds study your tax rules!
Coming soon
Christian Dy, B.Sc, B.Ed, MA, MBA Senior Advisor/Director Latitude West • Awarded the Outstanding Educator Award from the BCAMT Association • Ranked as the Top Living Benefits Advisor for PPI BC •
March 16, 2024 How come you never see a headline like: ‘Psychic Wins Lottery’? — Jay Leno !!! A BIG THANK YOU!!! THANK YOU, THANK YOU! The SPECIAL OLYMPICS MONEYTALKS team thanks our
February 19, 2024 “Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly, and applying the wrong remedies, and get re-elected" – Groucho Marx RealEstateTalks Video: EXCLUSIVE: Kyle Green - Ace Broker
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