What does it mean for us as real estate investors?
HONG KONG NEW FOREIGN TAX IS 30%!!! 1% TAX AND $10,000 FINE FOR EMPTY HOMES APPROVED KERRISDALE BUYER: “VENDOR KNOCKED OFF $100,000” B.C. PPT BREAK ON NEW CONDOS AMONG REASONS TO BUY NEW NOW
CRA HIRES 70 MORE AUDITORS – RE-EVALUATES 500 HIGH DOLLAR VALUE DEALS! CMHC RED WARNING AND WHAT IT REALLY MEANS THE OTHER OCEANFRONT AND HIGH IMMIGRATION MARKET BOC HOLDS RATES AND CONTINIUES TO WORRY CAP RATES FATTER FOR ALBERTA RENTALS QUESTIONS, QUESTIONS – RENTS GOING DOWN IN DOWNTOWN?
NUMBERS: SALES WAY DOWN. PRICES UP OVER SEPTEMBER 2015, DOWN OVER APRIL 2016 OUTLOOK CONFERENCE SPEAKERS OUTLINED THE 2017 OPPORTUNITIES OZZIE JUROCK: THE ECONOMY AND HOUSING MARKETS KYLE GREEN: GET REFINANCED NOW! CHARAN SETHI: SURREY IS THE FUTURE RAY LEVESQUE AND DAVID SEINBERG: INVEST WHERE YOU RETIRE. TREVOR BOLIN: THE NORTHEAST B.C. BOOM RICK HOOGENDOORN: VICTORIA REAL ESTATE OPPORTUNITIES BIG PENSION FUNDS BAILING OUT OF METRO VANCOUVER PRIZED ASSETS ON BLOCK AS BEAN COUNTERS PLAY ODDS TRUMP OPENING SIGNALS HOTEL BOOM ACROSS B.C.
B.C.’s housing market is not in a bubble. A bubble is when a buyers’ market appears and this is when the sales-to-listing ratio for MLS action falls below 12%. In that scenario only two areas of the province now favour buyers: The Kootenays, with a sale to listing ratio of 8.7%, and northeast B.C., where the ratio is 9.8%.
In Greater Vancouver and the Fraser Valley, the ratio is holding at around 30%, but it has dropped to below 12% for some higher price ranges in the city of Vancouver.
In Victoria, the ratio is over 25% and starting to trend even higher due to a lack of inventory.
(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
THE NUMBERS - VANCOUVER THE NUMBERS - FRASER VALLEY EYEBROW RAISER HOT PROPERTY - SAANICH
Next least expensive triplex is $459,888 more, or almost 50% more expensive
The next cheapest home in Oak Bay costs over $250,000 more! ($869,900)
1,373 square feet
Basement height 7’1″
Built in 1911
3,564 sq foot lot
Least expensive rentable condo in Sidney – $284,900
660 square feet
No rent restrictions
Built in 2009
Very close to the Resthaven waterfront park and marinas
$265/mo strata fee
- KIMBERLEY: 1-bedroom unit in the Mountain Edge condos. Fully furnished and ready to use. Good views of the Rocky Mountains and resort centre. ONLY $63,000!! PAY $3,150 DOWN AND $290 per month!
- KIMBERLEY: This 3 bedroom 2 bath home offers comfortable living, low maintenance lot and landscape, and zoning for most any commercial business. $169,900
- KIMBERLEY: Modern duplex. Right at the Quad chair. 4 baths, 2 hot tubs, fully furnished. $449,000. Income: $2,450. Is zoned for nightly rental and income could be triple this.
- VICTORIA: one bedroom, one bathroom, 447 square feet, 1970-built building … has a depreciation report, 1 dog or 1 cat permitted age restriction of 18+, $268/mo […]