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The Decline of Vancouver.

Nov. 16, 2016, 8:32 p.m.
Posts: 20
Joined: Nov. 20, 2002

So where is the money originating from … it sounds like a big circle jerk to me ?

Stock market, Wall Street, that's what it is. And it's a dangerous game…at least on Wall Street it's pros.

http://www.epiccyclist.com/

Nov. 16, 2016, 11:30 p.m.
Posts: 0
Joined: Dec. 27, 2002

There's a house down the street unoccupied with unkempt lawn and a car that never leaves the driveway. Lights always out.

In honor of the new vacancy tax I want to spraypaint something on their garage door for fun.

"Tax Me" or…? Need ideas

Nov. 17, 2016, 5:52 a.m.
Posts: 1781
Joined: Feb. 26, 2015

There's a house down the street unoccupied with unkempt lawn and a car that never leaves the driveway. Lights always out.

In honor of the new vacancy tax I want to spraypaint something on their garage door for fun.

"Tax Me" or…? Need ideas

Helping support the local economy.

For rent, cheap! Move in today!

People always ask me what's the phenomenon
Yo what's up? Yo what's goin' on- Adam Yauch

Nov. 17, 2016, 9:55 a.m.
Posts: 2
Joined: May 29, 2011

Thank goodness the banks haven't started changing their mortgage rates, and the US is planning on holding firm on rates as well… Oh wait.

Nov. 17, 2016, 10:53 a.m.
Posts: 8935
Joined: Dec. 23, 2005

Feels good to have recently renewed a 5 yr fixed at a really good rate.

Nov. 17, 2016, 11 a.m.
Posts: 2170
Joined: Aug. 28, 2006

Thank goodness the banks haven't started changing their mortgage rates, and the US is planning on holding firm on rates as well… Oh wait.

This is based on a 2.4% rate hike over 6 months. That would never happen.

Nov. 17, 2016, 11:15 a.m.
Posts: 2
Joined: May 29, 2011

This is based on a 2.4% rate hike over 6 months. That would never happen.

Yes, but that is their "worst case" scenario. But a year from now we COULD be 100-150 BPS higher because of rate moves in the US + banks in Canada further hedging their risk/covering their costs, which would still have a big impact (1 million people from their analysis). Plus, their risk analysis is based on all of Canada. Vancouver could be impacted earlier/worse than other areas of the country.

Nov. 17, 2016, 12:01 p.m.
Posts: 272
Joined: May 11, 2005

This is based on a 2.4% rate hike over 6 months. That would never happen.

Could easily happen.

Nov. 17, 2016, 1:39 p.m.
Posts: 429
Joined: Feb. 28, 2005

Could easily happen.

Easily? Pls elaborate.

Or did you mean raise TO 2.4%?

Seeing as how they haven't been able to raise rates by .25% in the last 10 years, even a total of 1% by the end of 2017 would be a big move.

Nov. 17, 2016, 1:45 p.m.
Posts: 16681
Joined: Nov. 20, 2002

Feels good to have recently renewed a 5 yr fixed at a really good rate.

Care to disclose the rate? I've got 3 1/2 years left in my 5 year variable at 2.1% that I can convert to fixed at any time.

Edit: Variable as in Scotiabank prime less 0.6%, so my rate won't change if other mortgage rates change, only if the bank's prime rate changes.

When one person suffers from a delusion, it is called insanity.

When many people suffer from a delusion, it is called religion.

Nov. 17, 2016, 1:53 p.m.
Posts: 8935
Joined: Dec. 23, 2005

Care to disclose the rate? I've got 3 1/2 years left in my 5 year variable at 2.1% that I can convert to fixed at any time.

https://spinmortgage.com/

We went with Spin moving from Vancity.

I'll message you.

Nov. 17, 2016, 4:51 p.m.
Posts: 10010
Joined: March 11, 2003

went 3yrs under 2%.. locked in at 2.4 a couple months ago for 5yrs… could be good.

Is there a Vancouver in Taiwan?! I had no idea!!

Nothing sums up my life's achievements like my stuffed corpse, suplexing a cougar.

Nov. 18, 2016, 12:22 p.m.
Posts: 1677
Joined: July 11, 2014

Do we all agree that BC's biggest industry is building and then selling property to each other?

And this is the most frightening part of it all… not a healthy balanced economy by any means.

Softwood lumber trade action isn't going to help matters either.

Nov. 19, 2016, 3:08 p.m.
Posts: 1600
Joined: Jan. 20, 2003

http://www.theglobeandmail.com/news/investigations/farmland-and-real-estate-in-british-columbia/article32923810/

Completely infuriating. Everyone should be up in arms about this. It's an immediate threat to our food security, never even mind the shifty tax evasion going on!

:canada: :swiss:

Nov. 19, 2016, 3:44 p.m.
Posts: 2170
Joined: Aug. 28, 2006

http://www.theglobeandmail.com/news/investigations/farmland-and-real-estate-in-british-columbia/article32923810/

Completely infuriating. Everyone should be up in arms about this. It's an immediate threat to our food security, never even mind the shifty tax evasion going on!

As a caucasian, Im not allowed to be up in arms about things of this nature.

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