British Columbia Real Estate | Forum profile

freako wrote:

Hello everyone, I just wanted to know if anyone had any insights on this one. I own a company that is generating a good amount of income. I am intending to wait maybe a year or two for the prices to come down (I am in the camp that in 2 years time it will drop about 40% from peak) My question is that if I chose to buy the residential property using my company instead of it being purchased ...

For your viewing pleasure (and quick as lightning, I might add ) The August Stats are up and available for you at: http://agentwill.com/statistics/vancouver-august-2 008-housing-sales-statistics-released-by-the-rebgv / Some of you are really going to have to get used to the fact that the REBGV just isn't like some other boards, they don't white wash, green wash, BS, or pander. Dave Watt is...

Assuming we beat the number of sales in 1998 for August, we will be at a 10 year low for August sales. If we don't beat the number of sales in 1998 (as we have 2 days left in August), we will be at a 15 year (or more) low in sales. Unfortunately, the numbers from "Inventory" only go as far back as 1994. Inventory wrote: Units Sold & Gross sales for August SFH+TH+APT (REBGV) 1994=2,159 / $...

As we have been discussing the "don't everyone panic" tone evident in the GVREB's communications, I can't help but wonder if they are getting what they want. They want sales...simple enough right? All of this "we expect prices to moderate to 3% growth per year" and "the fundamentals are okay" and "real estate prices stay sticky or land softly" talk may be doing them more harm than good. ...

GV Listings: 5,292 10.94% Sales: 2,121 -23.60% Sell / List: 37.09% Avg Price SFH: $747,765 -8.03% (M-O-M), -8.79% (Y-O-Y), -18.78% (From Peak) Avg Price Condo: $429,343 0.05% (M-O-M), 7.19% (Y-O-Y), New Peak FV Listings: 1,470 Sales: 1,050 Sell / List: 71.43%

My experience with pre-construction in this market indicates a few key points that CAN be negotiated on and others that cannot: - Builders are looking ot maximize their selling price which directly affects the selling price of every other unit they are trying to sell, thus price becomes the LAST thing that builders are interested in negotiating on. -Unless a builder is willing to reduce the price...

Having assigned my property in May of 2008, I can't help but to notice the huge amount of condos coming on the market, both resale and new development. There is double the number of listings that there were in Feb of this year. Yet there are two Brand new developments coming in. Squamish is a small town pop 15000. Anyone have any ideas about why they would be developing so much, when there is...

Hi Guys, As you can all tell, I am still a young guy, but I have been having a very tough time with these tenants. The tenant has only paid $200 for the past month. I gave her an evicition notice on the 10th of August, and she was supposed to leave on the 20th. She said she needed more time, and she still hasn't left. They are staying at our old rancher, that my father and my uncle co-own, both ...

Is there something going on with this building? I heard that they could be in for a special assessment of around $200 per square foot. So a 400s.f. bachelor would be assessed around $80,000. Anybody know about this? Anybody know the history of this building? Apparently it was stratified about 15 years ago, after it was built.

Assuming we beat the number of sales in 1998 for August, we will be at a 10 year low for August sales. If we don't beat the number of sales in 1998 (as we have 2 days left in August), we will be at a 15 year (or more) low in sales. Unfortunately, the numbers from "Inventory" only go as far back as 1994. Inventory wrote: Units Sold & Gross sales for August SFH+TH+APT (REBGV) 1994=2,159 / $...

Lots of negative sentiment here, enjoy! From today's Vancouver Sun http://tinyurl.com/57s3vk

I have been enjoying the interplay between the bears and the bulls on this forum for the last six months or so. I have also noticed with the change in the realestate markets and the beginnings of the msm that we could be in for interesting times. I first started to pay attention to the market when I realized that myself, earning an income that was nearly three times the GVR’s average household ...

As we have been discussing the "don't everyone panic" tone evident in the GVREB's communications, I can't help but wonder if they are getting what they want. They want sales...simple enough right? All of this "we expect prices to moderate to 3% growth per year" and "the fundamentals are okay" and "real estate prices stay sticky or land softly" talk may be doing them more harm than good. ...

[quote="iceman"] ... if you are from LA as per Rennie, how come you're always in Vancouver? Are you an original Vancouverite looking to move back? BTW, do you know if the social housing residents will have access to Club W? I would think not so as they probably aren't paying the maintenance fees to upkeep the place. But if they did and you were a market priced resident, would you want to go lie ...

Hi Guys, As you can all tell, I am still a young guy, but I have been having a very tough time with these tenants. The tenant has only paid $200 for the past month. I gave her an evicition notice on the 10th of August, and she was supposed to leave on the 20th. She said she needed more time, and she still hasn't left. They are staying at our old rancher, that my father and my uncle co-own, both ...

No doubt this will get merged with the News thread, but I thought I'd give it the ol' college try. Is kicking out long term tenants (2 years+) during the Olympics a doable plan? As a renter I am somewhat concerned about the answer to this question. No doubt there are some other people in a similar situation. From where I sit, it doesn't seem doable at all. Kick us out and then ...

Ok, this is getting ugly. Of 1015 East Van detached listings last week (Aug 18 to Aug 25), only one sold! Of the 1015 East Van listings, 340 listings or approximately 1/3 had their price reduced! Check out the stats yourself: http://www.yattermatters.com/real-estate/vancouver -real-estate-7-days-on-the-east-side/

Well, August numbers are in. While I suspect there will be some adjustments it appears that for the greater Vancouver market that sales are down 53% (approx 1600) and inventory is holding steady at just over 20,000. (Serious thanks to Paul Boenish, http://paul-northvancouverhomes.blogspot.com/ , If I was going to buy in north van, he would be my guy). We have main stream media starting to ...

Having assigned my property in May of 2008, I can't help but to notice the huge amount of condos coming on the market, both resale and new development. There is double the number of listings that there were in Feb of this year. Yet there are two Brand new developments coming in. Squamish is a small town pop 15000. Anyone have any ideas about why they would be developing so much, when there is...