5 STRONGEST MARKETS IN THE WORLD – YES, WE ARE IN ONE OF THEM DUAL AGENCY IS FORBIDDEN NUTS: BITCOIN AND TESLA – STILL BOARDWALK REIT SLASHES DISTRIBUTINS BY 50%
The new mortgage loan in BC for first time buyers Huge negative impact of the mortgage changes Resolutely successful in 2017 - appreciate Wither interest rates? Oil and the Canadian dollar Your past in no way determines your future
MacQuarrie warns of a peak in housing markets in 2017 Some November Vancouver Numbers are grim Fraser Valley single family tough like Vancouver … condo sales up sharply Altus reports 26% decline in asset sales: Third quarter Middle East well-heeled prefer Toronto over New York in 2017!
SOUTH SURREY VS LOS ANGELES VS LONDON VS NYC BULLISH HOME BUILDERS AS HARBINGERS WHAT TO WATCH IN METRO VANCOUVER SUBMARKETS? U.S. FLIPPING UP 20%; TYPICAL GROSS US$54,000 10 LEAST AFFORDABLE AMERICAN CITIES HOT PROPERTY: 298 ACRE RANCH FOR $299,000
CHINESE BUYERS STILL TRAIL CANADA IN U.S. CRE MARKET AND CHINESE INVESTORS MAY BAIL OUT OF VANCOUVER (??!) FREDDIE MAC DEBUTS U.S. MULTI-FAMILY INDEX PRISON REITS CAN PAY OFF IN U.S. VICTORIA DANGLES RENTAL INCENTIVES ALBERTA REALTORS FACE MEASURING RULES WHY YOU CAN'T READ AN APPRAISAL YOU PAID FOR PRESIDENT TRUMP: GET USED TO IT
SEATTLE NOW AS HOT AS VANCOUVER? ARE YOU PLAYING WITH THE "HOUSE’S" MONEY? LAND RUSH: IN THE EYE OF CANADA’S HOUSING HURRICANE LANDLORDS SEE GREEN IN IRISH HOUSING RECOVERY CHINA NOW 42% OF FOREIGN REAL ESTATE INVESTORS IN CANADA BANKS DON’T WANT THE RISK; LEAVE THAT TO THE PUBLIC U.S. SHARKS SHORTING BOARDWALK EAST VAN CONDO: 5% DOWN AND A 27% EQUITY RETURN CLOSE UP: KITSILANO RENTAL APARTMENT MARKET REALTORS REPORT FROM DAWSON CREEK
FRASER VALLEY REAL ESTATE BOARD COMMERCIAL BUILDING AWARDS OWN AN OLD VANCOUVER APARTMENT BUILDING? SELL IT NOW! HOME BUILDERS NERVOUS AS CIVIC DELAYS INCREASE LYNN VALLEY NEW HOT SPOT IN NORTH VAN VANCOUVER FIRST-TIME BUYERS - ADVICE FROM NYC US. HOME AUCTIONS - COULD BE WORTH CHECKING OUT LENDER REGULATIONS GO FROM EXTREME TO ABSURD SYRIAN REFUGEES MAY FACE PROBLEM HOME BUYING REALITY CHECK: CANADA HOUSE PRICES
At my outlook conferences I stated for 4 years that we had two markets – the very rich and everyone else. 4 YEARS!
Now Bloomberg calls Vancouver: North America’s Costliest City and says that “Rich Chinese Take the Blame – more and more point fingers at Chinese money”driving prices.
Actually when Bloomberg puts it on its front page it may be over! Having said that the fact is that Vancouver’s EAST SIDE EVEN IS MORE EXPENSIVE THAN NEW YORK! It is getting crazy. East Vancouver detached house prices have rocketed up 24% in the past year and are now increasing, on average, by $20,000 to $30,000 a month.
To put this in perspective, […]
4 BEDROOMS, 3 BATHROOM HOUSE, BUILT IN 2006 - ONLY $179,900 CASH FLOW PROPERTY IN THE LOWER MAINLAND LOOMING BC STRATA RULE COULD CHANGE RESALE MARKET - ALLOWING EASIER SALES OF ENTIRE BUILDING THE ILLUSTRIOUS JIM DINES ON THE GREAT MICHAEL CAMPBELL SHOW EAST VANCOUVER PRICES RISING FASTER THAN NEW YORK CITY CALGARY CONDO INVENTORY PILING UP LOTS OF DEALS REQUIRE BEST POSSIBLE PREPARATION FOR GETTING THE MORTGAGE PARKING CASH FOR PROFIT NORTHEAST MARKET OUTLOOK
Well, in a co-op essentially – residents buy a share allocated to a particular apartment in the co-op building but the building is owned by the Co-op Society. There are two kinds:
Profit and non-profit. The non-profit buildings are mostly government sponsored (through loans), have income restrictions and are meant to be given back at no profit. Actually most subsidies run out by 2020 … will be interesting to see what happens to them then!
The ‘profit’ ones are different. Actually, this style of ownership – while not popular in Vancouver is very much in vogue elsewhere. Most of New York is owned as a co-operative. And if you are paying […]