tag:blogger.com,1999:blog-5936637281134795592.post5763287627983327339..comments2024-03-08T08:55:52.985-08:00Comments on Whispers from the Edge of the Rainforest: What lies ahead? One local real estate agent calls the bottom.Unknownnoreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5936637281134795592.post-48179900695802994132012-12-19T04:25:38.623-08:002012-12-19T04:25:38.623-08:00In our todays life 10% minimumdown payment is stil...In our todays life 10% minimumdown payment is still big. I think they must change it to a 5% down payment so that any one can affords it. Thanks for posting that chart!Sean Ahnerhttps://www.blogger.com/profile/18193483313096360309noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-50307443870460775152012-12-05T22:52:50.376-08:002012-12-05T22:52:50.376-08:00I think they should change the rules once more: ha...I think they should change the rules once more: have 10% minimum down payment on a house! Anyone else in?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-39740116889854919722012-12-05T22:50:10.042-08:002012-12-05T22:50:10.042-08:00What? They aren't our friends?What? They aren't our friends?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-27248004855378742542012-12-05T20:53:30.075-08:002012-12-05T20:53:30.075-08:00....trying th instill some confidence so they don&.......trying th instill some confidence so they don't end up unemployed you mean. I hope you don't really believe that Realtors have the interests of the country at heart. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-6833347169717814432012-12-05T19:59:46.083-08:002012-12-05T19:59:46.083-08:00It bothers me that Hasman is saying this. If it wa...It bothers me that Hasman is saying this. If it was anyone else, I'd consider him or her incredibly biased but Hasman got in his 2 cents on HAM when every other agent was predicting the sky is the limit. The fact is, in the past there have been plenty of interest in westside SFHs when prices have declined a little. He's been through this before. macnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-70985026236945161762012-12-05T18:41:04.807-08:002012-12-05T18:41:04.807-08:00There is no way the government will goose the RE m...There is no way the government will goose the RE market by reinstating 0/40 or anything close to it. The market was never supposed to get so hot to begin with, so they certainly will not turn up the heat again.<br /><br />From what I read, the moratorium is coming off for skilled workers, not Investor Class immigrants. They are still processing backlogged IIP applicants, so they are still arriving.<br /><br />"Application intake is expected to resume in January 2013, when the proposed FSWP regulatory changes – which will be published in the Canada Gazette in the coming months – are expected to come into force. Under this fifth set of Ministerial Instructions, CIC will also introduce a pause on new federal IIP applications. This pause will remain in place until further notice, allowing the Department to make progress on processing its existing inventory." Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-49078805754595645332012-12-05T17:59:18.505-08:002012-12-05T17:59:18.505-08:00The moratorium on investor class immigrants ends e...The moratorium on investor class immigrants ends early in the new year. January I think. I've been following housing blogs since 2004 so you'll have to excuse my pessimism. All the 0/40 etc. etc. can be rolled out again if prices decline significantly and I don't see any government anxious to p/o the 70% of Canadians that own real estate. The market is nuts and will have to crash eventually but the Canadian government has done a fine job of keeping the bubble floating for a decade now. Pessimistnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-2268710713790123472012-12-05T16:55:54.583-08:002012-12-05T16:55:54.583-08:00China is stimulating so it's quite possible th...China is stimulating so it's quite possible this could continue. 2011 looked pretty vertical, but we could see a hyper-inflationary jump. Maybe that's what Mark Carney is talking about.<br /><br />Let me put it this way: if the average Vancouver house became $5 million or $10 million overnight, I don't see anyone doing anything. They'll bemoan the loss of young people whose trust funds are insufficient. They've done jack shit so far, I expect that to continue. Welcome to Vanbabwe.rp1noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-34636966166386468552012-12-05T16:45:02.878-08:002012-12-05T16:45:02.878-08:00By the way, I love the charts! It speaks volumes!...By the way, I love the charts! It speaks volumes! Canada will have a crash like the USA. There's no denying it. I'm 100% convinced. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-84943800490976989992012-12-05T16:44:00.466-08:002012-12-05T16:44:00.466-08:00I think people are getting scared and feeling unce...I think people are getting scared and feeling uncertain about the market. Of course the real estate agents and the media are trying to instil some confidence so that the market doesn't drastically crash. But prices are dropping and once the public is more aware of it, the slide will be steep and fast. <br /><br />I have a friend who listed her condo and for months it sat there and had maybe 3 viewings. No offers. It's pulled off the market and she's planning to rent it out and looking to buy a house! Oh, boy! Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-55357062739639168242012-12-05T16:34:01.738-08:002012-12-05T16:34:01.738-08:00Yes, I am quite surprised (actually quite impresse...Yes, I am quite surprised (actually quite impressed) that REBGV stated the "% change from peak" figures prominently in the release. Keep it up, REBGV...another value investorhttps://www.blogger.com/profile/07659083327214275843noreply@blogger.comtag:blogger.com,1999:blog-5936637281134795592.post-44760696337252708972012-12-05T15:08:32.127-08:002012-12-05T15:08:32.127-08:00Of course, what the REBGV did not mention in their...Of course, what the REBGV did not mention in their 2nd paragraph quote above, and what is clearly disclosed for all the world to see, is that, even according to their franken-number "HPI", prices have dropped 4.5% since they peaked in May.<br /><br />...now you know why he made the % comparison ("a 1.7% drop") from last November, and not from May of this year.<br /><br />(At least we never got any "fewer business days" excuses that the Toronto Board has put out in past months).<br />The Icemannoreply@blogger.com