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Archive for the ‘The Market’ Category


BREAKING NEWS: BC Real Estate Report – $250K Penalties

            Advisory group says real estate council also needs greater scrutiny and powers to punish wrongdoing. The Real Estate Council of B.C. created the independent advisory group back in February, amid allegations that some real estate agents were flipping homes multiple times before deals closed.   An independent advisory group […]

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Lazy Media

I don’t want to get all Donald Trump here, but seriously: could we get some real analysis of the Lower Mainland market from the media instead of just allegations that rich offshore Chinese are the cause, that Christy Clarke refuses to make changes to stop these same rich offshore Chinese from causing this problem, and […]

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Blast From the Past Redux

In 2012 I re-posted a 2005 blogpost. (FWIW, I liked VHB and hope he’s alive and well). Has anything changed? Sure. We now blame foreign buyers and flipping and make a lot of statements about language proficiency and tracking buyers that we won’t be proud of in the future. Politicians are beating the drum, and […]

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REBGV Responds to Gary Mason’ Globe & Mail Article

President’ Statement on Gary Mason article in today’s Globe & Mail on Oversight of British Columbia’s housing market is a sham In his column today, Gary Mason besmirches  the 97-year reputation of the Real Estate Board of Greater Vancouver. His piece assumes allegations one person made toward us are true. They are not. He never […]

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What is “shadow flipping”?

The hot market in the Lower Mainland has a lot of people upset. Not everyone, mind you, but a lot of people. One of the things that the hot market has spawned is the issue of shadow flipping. What exactly is it? The answer can depend on who you ask. Flipping itself is poorly defined. […]

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What Does the Health of the PRC Economy Mean For YVR Real Estate?

I spoke with one of my tenants today. He’s an import/export entrepreneur who does business between here and China (PRC), Taiwan and Latin America. I asked him if the people in the PRC were concerned about the economic downturn there. He had two comments, both quite surprising, and yet very logical. First, he said, it’s […]

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Almost $2 Billion in Real Estate Sales Last Week

We live in a world dominated by numbers, so much so that sometimes our eyes gloss over and we ignore just how big they are. Do you ever stop and read stories about oil production, for example? Russia and Saudi Arabia are trying to get OPEC to restrict production in order to prop up oil […]

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#Don’thave1million? How Can You Buy Lower Mainland Real Estate

#donthave1million is a popular Twitter hashtag these days, and with good reason. Lower Mainland real estate is extremely expensive. In fact, it’s arguably been out of touch with income fundamentals since 2006. I sympathize with people who grew up here or who have lived here a long time and who despair of ever being able […]

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Hong Kong Bubble

My Twitter feed brought me an interesting article from ZeroHedge; it deals with the Hong Kong real estate market which is apparently experiencing the exact opposite of what we’re seeing in the REBGV. Here are the salient points: November sales are down 42% THis is a result of China tightening up capital controls Sales are […]

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Whose Property Is It Anyway?

Vancouver is changing, and certainly not always for the better. Everyday someone new moves into the Lower Mainland, and they bring something unique to contribute, whether they come from Alberta or Albania. You can’t limit the contributions to the obvious things like food or music. You also have to factor in the energy that comes […]

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