(OUT-OF-THE-ROUGH) GOLF COURSES TO BUY INTO NOW Three of four look like winners WHERE PRICES FELL ON WEST SIDE VANCOUVER LUXURY PRE-SALE CONDOS DEFY TAX FEARS ZONING CHANGES THAT WILL DRIVE LOT PRICES HIGHER WHAT HAPPENS IF RATES GO NEGATIVE? NOT MUCH FOR BORROWERS PROVINCE RAKES IN TAXES FROM FOREIGN BUYERS THE PPT WAS SUPPOSED TO APPLY ONLY TO THE TOP 5% OF TRANSACTIONS – NOW? 95% DO NOT MISS JUROCK’S OUTLOOK 2017 CONFERENCE
QUESTIONS, QUESTIONS “CRAZY MARKET”: RENT: $1650; PRICE: $750,000; CAP 2.1% RUMOURS SWIRL AROUND OAKRIDGE TRANSIT SITE SALE WHISTLER REBOUND GAINS TRACTION. TOLD YOU SO WHERE PRICES ARE RISING FASTEST IN OUTLIER BC 6 TIPS WHEN BUILDING A RENTAL PROJECT YOUR NEXT TENANT WILL LIKELY BE OVER AGE 55 EDMONTON MARKET IS REMARKABLY STABLE HOME PRICE FOR MOST CANADIANS: LESS THAN $375,000
QUESTIONS, QUESTIONS SOME REITS MAY BE EYING THE EXIT, LIQUIDATION RAMPANT GREENING VANCOUVER PUSHES HOME PRICES HIGHER Tweaks include change to concrete balconies VICTORIA RENTAL BUILDINGS NOW $185,000 PER DOOR FORT MAC LANDLORDS DON’T APPEAR TO BE GOUGING QUICK LOOK AT 2 OUTLIER MARKETS (Kelowna and Vancouver Island) TESTING A PHOENIX HOME SEARCH APP
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 on record.
For more info see the Facts By Email.
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 – rental income are less and less counted and if you do not have other employment income you likely will be refused.
- Banks will focus more and more on home owners – giving them more and more money
- Banks will get tighter and tighter for investment type mortgages
- ANYONE THAT HAS A INVESTMENT MORTGAGE […]
ENERGY CONFERENCE REPORT... NOT ALL GLOOM NEGATIVE INTEREST RATES - HUH? AN ALBERTA 20 CITY REALTOR ROMP - THE MARKETS CANADIAN DOLLAR AND OIL - CORRELATION HIGHER DOWNPAYMENT EXPLAINED - NOT MUCH TO SEE - BUT IMPLICATIONS? HOT PROPERTY: 40 ACRES PLUS 1,300 HOUSE - $98,000
CLIMATE CHANGE - MEA CULPA HOT PROPERTIES BUYING HOMES IN EUROPE FOR TAXES OWING OLD WALK-UP APT BUILDINGS WORTH MORE THAN NEW BUSINESS TOWERS WHAT IT COSTS TO BUY MULTI-FAMILY LAND IN METRO VANCOUVER RENT CONTROLS OFF THE TABLE IN ALBERTA: RENTAL RATES SOAR MORTGAGE HELPERS NOW FACTOR IN DETACHED SALES LUXURY HOME SALES ARE SOARING DON'T EXPECT A BANK OF CANADA RATE CUT SEPT. 9 SUBSCRIBERS BOOK YOUR TICKET TO OUTLOOK 2016 CONFERENCE
Ask your bank why!
When the Bank of Canada cuts interest rates, it does so in an effort to jumpstart the economy by making it cheaper for consumers and companies to borrow money.
The central bank cut its rate by a quarter percentage point last Wednesday, the second such increase this year for a total of .5%.
It passed on that cut by only .3% … so a total of a .50 reduction by the Central bank to our fine banks … resulted in only a .30 reduction in mortgage and credit lines and all variable loans – the rest into profits for banks.
So: on a $400,000 mortgage in Vancouver you should […]