tag:blogger.com,1999:blog-31427364.post2743014933243280399..comments2024-03-26T03:52:23.395-07:00Comments on Housing Analysis: FVREB May 2008mohicanhttp://www.blogger.com/profile/06094213357140749289noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-31427364.post-73805055660207142012008-06-04T17:31:00.000-07:002008-06-04T17:31:00.000-07:00The listings can be hidden in a change of count, m...The listings can be hidden in a change of count, maybe once.<BR/><BR/>They can't change the way they count every month. <BR/><BR/>Maybe someone at the office needed more time to unload? ;)seekerhttps://www.blogger.com/profile/07753011334110855220noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-71148737727982766022008-06-04T17:24:00.000-07:002008-06-04T17:24:00.000-07:00The increase comes despite the fact that the cost ...<B>The increase comes despite the fact that the cost of housing in many cities across the country has gone through the roof, outstripping inflation by far, while median incomes have essentially flatlined</B><BR/><BR/>Restated:<BR/><BR/><BR/>The cost of housing in many cities across the country has gone through the roof, outstripping inflation by far, while median incomes have essentially flatlined <B>because</B> home ownership has increased to record levels.<BR/><BR/>Cause and effect you know. As people fight to outbid another on properties the price skyrockets. TEMPORARILY. Later new construction will meet a dearth of demand and down we go. What is so hard to grasp about this?freakohttps://www.blogger.com/profile/06236681769619303395noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-22796009587425484182008-06-04T17:20:00.000-07:002008-06-04T17:20:00.000-07:00Never before have so many Canadians owned homes.Tr...<B>Never before have so many Canadians owned homes.</B><BR/><BR/>Translation: We have borrowed demand from the future.freakohttps://www.blogger.com/profile/06236681769619303395noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-36587354793760566172008-06-04T17:10:00.000-07:002008-06-04T17:10:00.000-07:00In my bones I know a substantial drop is coming. ...In my bones I know a substantial drop is coming. A few people I know have acknowledged that they think the market has turned. Yet I still feel like I'm that guy on the corner holding the "end of the world" brochure....<BR/><BR/>I just wish the drops would start...feel like I've been waiting forever.seekerhttps://www.blogger.com/profile/07753011334110855220noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-77840388169323165642008-06-04T11:40:00.000-07:002008-06-04T11:40:00.000-07:00Home ownership at record levels; Cdn mortgage debt...<A HREF="http://ca.news.yahoo.com/s/capress/080604/national/census_home_ownership" REL="nofollow">Home ownership at record levels; Cdn mortgage debt headed to $1-trillion mark</A><BR/><BR/><I>Never before have so many Canadians owned homes. And never before have they owed so much for the privilege.<BR/><BR/>Interest rates at or near historical lows combined with low unemployment and recent changes that allow people to buy houses with less money down and pay off mortgages over longer periods resulted in 68.4 per cent of Canadians in the housing market in 2006.<BR/><BR/>That's up from 65.8 per cent in 2001 and 60 per cent in 1971, according to the latest Statistics Canada data.<BR/><BR/>The increase comes despite the fact that the cost of housing in many cities across the country has gone through the roof, outstripping inflation by far, while median incomes have essentially flatlined.</I><BR/><BR/>Move along folks, nothing to see here.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-76332260818136195572008-06-03T22:32:00.000-07:002008-06-03T22:32:00.000-07:00Why change the way you count listings without doin...<B>Why change the way you count listings without doing an adjustment for previous months and why do it in a busy month.</B><BR/><BR/>They should at least have given us dual numbers for May so that we have a clue about how overstated previous listings were. On the other hand, I think overstated listings are less suspect than understated listings.freakohttps://www.blogger.com/profile/06236681769619303395noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-26626740646498071362008-06-03T22:04:00.000-07:002008-06-03T22:04:00.000-07:00Don't know if you caught the article in the provin...Don't know if you caught the article in the province<BR/><BR/>http://www.canada.com/theprovince/news/money/story.html?id=13fbf51e-f058-4360-ab83-6b8c94cbdc80<BR/><BR/>I've always wondered how much money BC spends on residential real estate investment, I never thought $4billion in a single quarter!<BR/><BR/>Once the speculators start dumping their condos, that should kick off the overall market decline.joycerhttps://www.blogger.com/profile/12478268857930965402noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-88090224221929255662008-06-03T16:17:00.000-07:002008-06-03T16:17:00.000-07:00I think the footnote contained in the FVREB press ...I think the footnote contained in the FVREB press release regarding the active listings count is nauseating for its poor timing.<BR/><BR/>Why change the way you count listings without doing an adjustment for previous months and why do it in a busy month. Why not wait for wintertime when the impact would be less?<BR/><BR/>The spin contained in the press release was barf-o-rific with the appreciation highlights without mention of the lowlights.<BR/><BR/>If I were writing the press release it might read like this - - homes in some areas of the Fraser Valley became more affordable over the past year and we are looking forward to lower prices and more attractive entry points for first time buyers over the next 12 months as prices moderate and first time buyers have more opportunities to buy suitable and affordable accomadations.<BR/><BR/>I can wish.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.com