Central Okanagan housing market thread

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Re: Central Okanagan housing market thread

Postby alanjh595 » Mar 22nd, 2018, 7:07 am

From the above noted link.

While Vancouver's price index continued to rise in February, Pinsonneault said that's unlikely to last. According to the city's real estate board, single-family home sales fell 39.4 per cent in February, from the same month a year earlier. The condo market is holding up only somewhat better, with sales down 7.1 per cent.

"Therefore home price pressures may fade out in that area over the next few months, even if for the moment the home resale market remains tight," Pinsonneault wrote in a client note Wednesday.
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Re: Central Okanagan housing market thread

Postby nepal » Mar 23rd, 2018, 6:31 am

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Re: Central Okanagan housing market thread

Postby forum » Mar 23rd, 2018, 7:41 am

People that purchased a home last year in Vancouver, Toronto, and the Okanagan are now underwater on their mortgages. And the full force of the new taxes haven't even been absorbed yet.
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Re: Central Okanagan housing market thread

Postby LANDM » Mar 23rd, 2018, 8:08 am

forum wrote:People that purchased a home last year in Vancouver, Toronto, and the Okanagan are now underwater on their mortgages. And the full force of the new taxes haven't even been absorbed yet.

Since this is an Okanagan thread, let’s talk about that......who in the central Okanagan is underwater on their mortgage from buying in 2017? Prices have still been rising, except in your tiny mind that doesn’t register facts. :135:
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Re: Central Okanagan housing market thread

Postby one wheel » Mar 23rd, 2018, 9:47 am

Hey "forum" show us where in Kelowna any home purchased in 2017 has a mortgage that is now underwater ? You shouldn't be allowed to print or say such a thing unless you can prove it ? Right now all I find is the exact opposite of what you say. I say you are full of BS !!
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Re: Central Okanagan housing market thread

Postby Jonrox » Mar 23rd, 2018, 9:52 am

Guys don't mind forum... he doesn't know what "underwater" means. He likes to throw around words he doesn't understand. He regularly brings up this term and every time he does it's clear he doesn't understand real estate or how mortgages work.

This isn't the first time, nor will it be the last.

You also have to understand that in his world, falling prices are evidence of a crash... but so are rising prices. Falling sales volume is evidence of a crash... but so are rising sales numbers. Falling numbers home listings are evidence of a crash... but so are rising numbers.

To him, there's no such thing as a strong rising market, a market easing, a steady market, or a slight correction. To him the market only moves in one direction... crashing down... and every piece of evidence supports it. His reading comprehension and analytical skills are seriously lacking.

Just gently pat him on the head and give him his participation trophy.

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Re: Central Okanagan housing market thread

Postby Snowbound » Mar 23rd, 2018, 10:57 am

With all the flooding, I hope Forum's room in his mum's basement isn't underwater.

Funny he will not answer a single question posed, just spouts off more BS like a *bleep* disturber in junior high.

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Re: Central Okanagan housing market thread

Postby Catsumi » Mar 23rd, 2018, 6:40 pm

^^^^ yeah, but, we love him just the same. :biggrin:
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Re: Central Okanagan housing market thread

Postby forum » Mar 25th, 2018, 9:25 pm

Awww...poor baby...

She hasn’t even owned her home for a month, but might have to sell because of B.C.’s speculation tax


https://globalnews.ca/news/4104694/she-hasnt-even-owned-her-home-for-a-month-but-might-have-to-sell-because-of-b-c-s-speculation-tax/amp/
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Re: Central Okanagan housing market thread

Postby forum » Mar 25th, 2018, 9:32 pm

Looks like the Mayor's of Kelowna and West Kelowna are having a little temper tantrum hissy pissy fit because the Provincial Government, you know...the real deal...took their candy away.

So what if the Okanagan economy crashes because of real estate fizzling out. The economy should have never been built on Real Estate, you twits. You can't keep selling overpriced houses to money launderers, drug dealers, Albertans, and naive rich people. It just never ends well.
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Re: Central Okanagan housing market thread

Postby W105 » Mar 26th, 2018, 6:00 am

well I'm certainly not buying that it will kill our economy..just the usual fear mongering imo...and if they get to keep those taxes, you watch how quiet they will all of a sudden become...
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Re: Central Okanagan housing market thread

Postby Even Steven » Mar 26th, 2018, 12:36 pm

Every Sunday we go to open houses, and every Sunday I'm just amazed at prices.

Just for the hell of it, we stopped by a house in Wilden listed at $1.4M (which is double what I'm willing to pay).

Good god, never felt so out of place lol.
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Re: Central Okanagan housing market thread

Postby W105 » Mar 26th, 2018, 12:54 pm

well that's a different way to spend time with your young children every Sunday Steven...maybe one of them will get interested in a trade because of it ?? you never know..
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Re: Central Okanagan housing market thread

Postby alanjh595 » Mar 26th, 2018, 1:38 pm

W105 wrote:well that's a different way to spend time with your young children every Sunday Steven...maybe one of them will get interested in a trade because of it ?? you never know..


Where did he say say he had "young children" that he was taking along?
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Re: Central Okanagan housing market thread

Postby forum » Mar 26th, 2018, 5:05 pm

Looks like Kelowna and West Kelowna remain on the chopping block.

Good to hear.

NDP gaining mad street cred for sticking to their guns.

Feel sorry for Canadians that recently borrowed a bunch of money and spent it on an overpriced Canadian house.

http://vancouversun.com/news/politics/b-c-speculation-tax-changed-to-exempt-gulf-island-properties/amp
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