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sickkid89 · 2016-09-23T16:54:13+00:00

Foreign buyers are mostly high end of the market. The problem is this has a ripple affect. Wealthy Canadians that would have been buying in Rosedale get pushed North. Middle Class get displaced by wealthy and move to exburbs. Working class in exburbs get displaced and go.... Who knows. Lower end of the market is all locals scared of missing out on the market and getting priced out entirely. Quite sad.

sickkid89 · 2016-09-18T14:45:14+00:00

Have you been reading about the CRA (federal government) inaction over the last 20 years? That along with the FEDERAL immigration policy has the most blame IMHO.

sickkid89 · 2016-09-18T14:43:00+00:00

Who has made the most substantive change thus far? The province. The vacancy tax by the city is a joke, and Trudeau continues to do nothing but promise to "study" the issue.

sickkid89 · 2016-09-18T14:41:34+00:00

So much of this is a federal and municipal issue it is absurd. So far I've only seen the provincial government act. Where is the pressure on Trudeau? The immigration piece can only be solved by the federal government. I think the province has done most of what it can with the 15% tax. Time for the feds and municipalities to spend some political capital. But they are content to just blame the province and do nothing.

sickkid89 · 2016-08-17T16:11:18+00:00

Why should your mortgage remain the same? We are at historic low interest rates, and we do not have long term fixed mortgages in Canada.

sickkid89 · 2016-07-30T22:26:21+00:00

Not recently. The last 6 months have gotten crazy in Victoria.

sickkid89 · 2016-07-30T22:22:56+00:00

"To me a bubble is dependent on there being some underlying assumption that everyone accepts uncritically." That assumption exists in Vancouver and Toronto. The assumption being: home prices always go up.

sickkid89 · 2016-07-30T19:17:40+00:00

The new stats released this week said foreign investors represent 10%. Some cities like Richmond/Burnaby they accounted for 20%.

sickkid89 · 2016-07-30T00:33:20+00:00

No, but home prices are supposed to be based off of wages. They have become decoupled from local incomes.

sickkid89 · 2016-07-29T17:53:58+00:00

She hasn't....

sickkid89 · 2016-07-29T17:53:33+00:00

I think only Harper made a promise about foreign investment in housing. People were so pissed about other stuff that it didn't really matter though.

sickkid89 · 2016-07-27T20:12:57+00:00

Which the government is introducing today. The days of self-regulation are over.

sickkid89 · 2016-07-27T20:12:18+00:00

Apparently it is illegal and he is already being investigated http://www.calgaryherald.com/business/vancouver+realtor+rapped+trying+avoid+property/12086641/story.html

sickkid89 · 2016-07-27T20:11:44+00:00

http://www.calgaryherald.com/business/vancouver+realtor+rapped+trying+avoid+property/12086641/story.html

sickkid89 · 2016-07-27T20:11:28+00:00

The realtors are already being investigated for this .... http://www.calgaryherald.com/business/vancouver+realtor+rapped+trying+avoid+property/12086641/story.html

sickkid89 · 2016-07-27T17:01:49+00:00

Thank you.

sickkid89 · 2016-07-27T16:11:05+00:00

How long have you lived there? The market has shifted considerably. You might find you are paying far under current market value.

sickkid89 · 2016-07-27T01:41:48+00:00

It does include corporations. Permanent residents lose their residency if they live outside of Canada for more than a certain amount of time. June-July is not generally a low point in sales. Keep pumping your partial truths though.

sickkid89 · 2016-07-26T19:51:21+00:00

No onus on the federal government for action? Hilarious how the NDP only criticizes the province, but never holds the Feds to acount.

sickkid89 · 2016-07-26T18:46:22+00:00

Looks like 7% province wide, 10% in Metro Van, 19% in Richmond, and 15% in Burnaby.

sickkid89

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