tag:blogger.com,1999:blog-31427364.post4188089278542240627..comments2024-03-26T03:52:23.395-07:00Comments on Housing Analysis: Happy Canada Day! Open Thread and Inventory Updatemohicanhttp://www.blogger.com/profile/06094213357140749289noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-31427364.post-3035294249029413272007-07-03T12:05:00.000-07:002007-07-03T12:05:00.000-07:00hadenough:http://tinyurl.com/s239p"Based on data c...hadenough:<BR/>http://tinyurl.com/s239p<BR/><BR/>"Based on data compiled by Landcor, a B.C. real estate research firm, Albertans accounted for just 2.4 per cent of the $48.5-billion worth of residential real estate sold in B.C. last year, and just 2.6 per cent of the total number of units sold."<BR/><BR/>Last year is 2005 in the aboveWoodenHorsehttps://www.blogger.com/profile/06906672025305485148noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-87277166066051822672007-07-02T22:05:00.000-07:002007-07-02T22:05:00.000-07:00"Google may still have VHB cached."One can always ..."Google may still have VHB cached."<BR/><BR/>One can always use the <A HREF="http://www.archive.org/web/web.php" REL="nofollow">wayback machine</A> too.solipsisthttps://www.blogger.com/profile/11585532276216559502noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-20633688430703440442007-07-02T13:49:00.000-07:002007-07-02T13:49:00.000-07:00I believe it was macchiato aka bellagio who had th...I believe it was macchiato aka bellagio who had these stats. May have been betamax. Google may still have VHB cached. I hope so.<BR/><BR/>In any case, anecdotally, I would suspect that there IS a strong Alberta influence. We have looked at interior waterfront for a few years, and more than a few were pointed out to me as bought by Albertans. And certainly no shortage of Alberta plates on cars parked on recreational property.freakohttps://www.blogger.com/profile/06236681769619303395noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-45755406941492888362007-07-02T12:31:00.000-07:002007-07-02T12:31:00.000-07:00RENTAH,I have no idea how vacation properties are ...RENTAH,<BR/><BR/>I have no idea how vacation properties are doing. It would love to know.<BR/><BR/>The RE agents are still spinning the storey that it is the Albertans that are keeping the market this high. However on an earlier blog someone had the stats for out of town buyers and I think it was pretty small like only 2% from Alberta for all of BC. <BR/><BR/>I would love to know this.Nancyhttps://www.blogger.com/profile/13756361299909314983noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-41186879579835107192007-07-01T16:45:00.000-07:002007-07-01T16:45:00.000-07:001. hadenough:Any idea as to how recreational prope...1. hadenough:<BR/>Any idea as to how recreational properties are currently doing on Vanc Island?<BR/><BR/>2. DON'T LOOK BACK.<BR/>Great movie. If you haven't seen it, check it out.<BR/>And, patiently waiting, great advice.rentahhttps://www.blogger.com/profile/15702043040945599471noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-1753347725421118722007-07-01T14:58:00.000-07:002007-07-01T14:58:00.000-07:00Oh dear, oh dear, oh dear. I just had to give my D...Oh dear, oh dear, oh dear. I just had to give my Dad a pep talk. Sellers remorse, if you can believe it. My parents just sold their extra house for more than double what they bought it for back in 2001.<BR/><BR/>Mom, who is delighted and also a bit of a bear, joined me in the pep talk. We finally convinced Dad that the only way to have increased the selling price would have involved risks of sunk money in renovations and carrying costs. Never mind the bigger risk of a crash in the meantime.<BR/><BR/>Dad doesn't usually obsess on money, as he has enough of it and really isn't very materialistic. Its more about worrying that he was somehow suckered into a deal that wasn't the best he could get.<BR/><BR/>Most importantly, especially if you came out ahead, DON'T LOOK BACK!!!Patiently Waitinghttps://www.blogger.com/profile/10077409076754524375noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-17270839479399008032007-06-30T20:00:00.000-07:002007-06-30T20:00:00.000-07:00Seattle listings took a huge jump ... A good lesso...<I>Seattle listings took a huge jump ... A good lesson for Vancouver</I><BR/><BR/>Yeah but Seattle just has Boeing, Microsoft, Amazon, Starbucks, Costco, etc.<BR/><BR/>We have... drum roll... <I>The Olympics!</I>patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-30353463164313930072007-06-30T16:12:00.000-07:002007-06-30T16:12:00.000-07:00Reuters:Real Estate: Two-thirds of investment mana...Reuters:<BR/><BR/>Real Estate: Two-thirds of investment managers showed little enthusiasm about the Canadian real estate sector. "There has been so much publicity regarding the glut of supply and high-risk mortgage lending problems in the U.S.," said Hicks, "and with the strong likelihood of higher financing costs, both south and north of the border, managers are more bearish about Canadian real estate."Nancyhttps://www.blogger.com/profile/13756361299909314983noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-29334598837469212432007-06-30T15:00:00.000-07:002007-06-30T15:00:00.000-07:00Seattle listings took a huge jump in May, from 16,...Seattle listings took a huge jump in May, from 16,295 to 18,546. A good lesson for Vancouver, given that we are geographically close, and have similar population size. For perspective, they had current levels our levels at the end of February. Four short months, and inventory is 50% higher.freakohttps://www.blogger.com/profile/06236681769619303395noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-7730977463182287042007-06-30T13:44:00.000-07:002007-06-30T13:44:00.000-07:00Here's a transcript of Bill Moyers interviewing Gr...Here's a transcript of Bill Moyers interviewing Gretchen Morgenstern of the NYTs regarding the US sub-prime meltdown.<BR/><A HREF="http://www.pbs.org/moyers/journal/06292007/transcript3.html" REL="nofollow">"Hold onto your hat. It's going to be an interesting summer."</A>rentahhttps://www.blogger.com/profile/15702043040945599471noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-86022174106213034432007-06-30T12:31:00.000-07:002007-06-30T12:31:00.000-07:00From Victoria:Many properties here in the million ...From Victoria:<BR/><BR/>Many properties here in the million plus range are lowering their prices by $100,000 $200,000 and $300,000. One property ($3 million) just lowered it price $500,000.<BR/><BR/>The Victoria RE agents are still spinning the tale that every wealthy person in the whole wide world wants to live here U.S., Europe and Canada (most notably Alberta).<BR/><BR/>The high-end homes are just sitting. I have friends who have had their lovely home on the market for 80 days and only 2 people came to see it. Another person had an open house for their $1.5 million house and not one person turned up. Some homes have been sitting for almost 9 months.<BR/><BR/>We have decided not to put anymore money into Victoria real estate. (my husband had been an analyst on Bay Street for many years and is convinced of a crash). Our agent was still trying to tell us that property can only keep going up here and when we disagree with him he was almost angry that we would even think such a thing.<BR/><BR/>Things often start at the top.Nancyhttps://www.blogger.com/profile/13756361299909314983noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-55555080797487152052007-06-30T11:48:00.000-07:002007-06-30T11:48:00.000-07:00By 'real action' I mean stagnant listings with big...By 'real action' I mean stagnant listings with big price cuts. Realtors start complaining about the market's softness. The death, divorce, transfer crowd starts to feel the pinch of being unable to sell their house. We start hearing stories of young first time buyers feeling the financial pinch - maybe even foreclosures because of job losses. By Christmas time we might even start hearing about bad lending practices in Canada (gasp!) and poor credit quality borrowers being unable to make their payments.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.com