Blame politicians for Metro Vancouver’s housing price crisis

(March 28, 2016)

Affordability crunch is ‘collateral damage’ of economic stimulus measures, says UBC study

Canadian politicians, keen to stimulate B.C.’s economy, are responsible for creating the conditions that have lead to Metro Vancouver’s housing affordability crisis, according to a new study.

Politicians decided to “reboot a troubled regional economy through an infusion of activity from the growth region of the... read more.

REAL ESTATE: IS THE BOOM OVER?

(March 23, 2016)

REAL ESTATE: IS THE BOOM OVER?



Here, gauging the real estate market in 2016


If you’re intending to buy a new home this year, downsize to a condo or get out of the market altogether and rent your digs, you’ll want to know where real estate prices are heading for 2016.


While predicting real estate values is at best a shot in the dark – fraught with guesswork, assumptions and plain old dumb luck – a goo... read more.

Premier Christy Clark pledges crackdown on shadow flipping in Vancouver real estate market

(March 20, 2016)

Premier Christy Clark has pledged to temper the greed of real estate agents involved in shadow flipping properties in Metro Vancouver, but critics say it will do little to slow the blistering market.


Clark announced Friday that any agents involved in shadow flipping will require the informed consent of those involved and, most crucially, any profits from shadow flipping must go to the original sell... read more.

Special Report: Flipping on the rise, but still a small portion of sales

(March 19, 2016)

Here’s an interesting tidbit to share with friends while rehashing Vancouver’s out-of-control real estate market: Nearly 600 homes were flipped in the city last year.




It is a far higher number than in 2014, when 356 homes were re-sold within a year of a previous sale, according to a Vancouver Sun analysis of every quick turnaround of houses and condos in the city of Vancouver between January 2011 a... read more.

Is it feasible to build a wall between the US and Mexico as Donald Trump claims he would do?

(March 19, 2016)

A structural engineer did an analysis of what it would take to build Trump's wall.
Here is a link to the article (design drawings, calculations included):
An Engineer Explains Why Trump's Wall Is So Implausible

EXCERPTS:
  • Human beings have built a 2,000-mile-long frontier wall exactly one time. Once. And it was accomplished only through a centuries-long building campaign that necessitated the forced la... read more.

Immigrants help drive Metro Vancouver’s housing market

(March 15, 2016)

Immigrants have a major impact on fast-rising house prices in Metro Vancouver and Toronto, according to the author of a new study.


In a unique research project, UBC geographer Daniel Hiebert discovered that ethnic Chinese and South Asians become homeowners at a much higher rate than other immigrants and the general population.
“There is definitely an impact on the housing market,” said Hiebert, who... read more.

Is this the end of globalization?

(March 11, 2016)

China has just announced that last year, for the first time since it began opening up its economy to the world at the end of the 1970s, exports declined on an annual basis. And that is not all; in value terms, global trade declined in 2015. The obvious question is why.

While global trade also fell in 2009, the explanation was obvious: The world was experiencing a sharp contraction in GDP at the tim... read more.

How Long Does The Home Buying Process Take?

(March 10, 2016)

A common point of confusion for people when they are purchasing a home is how long the home buying process will actually take. Some folks think that it all comes together immediately, while others assume that if will take months before they move into their dream home. The truth is that there are a couple of different components which can either expedite the process or prolong it. Here is a quick l... read more.

Elizabeth Warren: 

(March 09, 2016)

What do you think are the real reasons that no Wall Street executives have been prosecuted for fraud as a result of the 2008 financial crisis?



This gags me. I recently put out a report called “Rigged Justice” – highlighting 20 of the worst federal enforcement failures of 2015. In a single year, in case after case, across many sectors of the economy, federal agencies caught giant companies breaking... read more.

HOUSE OR CONDO? CONDO OR HOUSE?

(March 07, 2016)

Here, six things that are key to deciding if a condo is the right choice for you.



The kids have grown up and moved out. The garden is becoming increasingly labour intensive and that snow removal – well, you’d much rather be reading the paper and having a second cup of coffee.
AdTech AdThe word ‘condo’ suddenly sounds awfully appealing.

But there are important factors to think about. Considerations to ponder... read more.

9586  205 Street  Langley  Walnut Grove

(March 04, 2016)


Excellent family home on almost one quarter of an acre corner lot

Lovely, very clean 3 bedroom / 3 bath / 3 split-level home.
1,800 sq-ft. living space
Dining room, living room w/ new hardwood floors. 
Good size kitchen, spacious family room w/ wall-to-wall carpet, wood-burning fireplace and 2 pc. bathroom. 

3 bedrooms and 2 bathrooms upstairs. 
Washer and dryer like new. 
Double garage
Lots of room for 6 pa... read more.