So when’s the housing bubble bursting?

[Helico-pterFunk]

A ‘housing bottleneck:’ Immigration targets exacerbate B.C.’s housing crisis

The province will have to find housing for the 20 per cent of newcomers it absorbs, on top of current needs

biv.com

B.C.’s housing market nears ‘cyclical bottom:’ RBC

Home resale activity is showing signs of stabilizing after dropping to low levels

biv.com

Metro Vancouver’s rental vacancy rate drops as demand, prices soar: CMHC

The rate for purpose-built rentals in the region fell below one per cent last year, while the average asking rent for vacant units is 43 per cent higher than occupied ones

biv.com

B.C. beefs up strata CRF contributions in effort to address insurance costs

‘Just housekeeping:’ Strata owner advocate says changes will eliminate confusion regarding regulations

biv.com

Real Estate | Business in Vancouver

BIV's real estate coverage ranges from reporting the latest statistics to providing in-depth analysis of all real estate issues in Vancouver and British Columbia

biv.com

 

[Helico-pterFunk]

West Van buys Jimmy Pattison's waterfront home for $5.175M

The District of West Vancouver has purchased one of two remaining privately owned waterfront homes in Ambleside – part of a decades-long plan to buy all of the land between Ambleside Park and John Lawson Park for public use.

biv.com

 

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UBC study shows rent control promotes housing affordability | UBC Sauder School of Business

www.sauder.ubc.ca

 

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Advocates anticipate this year's Metro Vancouver Homeless Count will be higher than previous years'

Advocates are predicting this year's Metro Vancouver Homeless Count will be higher than previous years' due to lingering impacts from the pandemic, job losses and inflation.

bc.ctvnews.ca

 

[Dr. Truth]

How dumb are people who jump to a large mortgage payment with a variable rate? What did they think was going to happen?

 

[Helico-pterFunk]

75% of retirees fall short of a key retirement income goal. These steps can help

The moves you make now can help make your lifestyle more comfortable in retirement later.

cnbc.com

They Poured Their Savings Into Homes That Were Never Built (Published 2023)

What is it like to pour your life savings into apartments that might never get built?

www.nytimes.com

In Their 20s, Struggling to Save and Tired of Being Lectured About It (Published 2023)

Young people want to save for their futures, but balancing priorities has proved challenging during a time of economic instability.

www.nytimes.com

The 7 Deadly Sins of Buying Your First House

Buying your first home may seem like a daunting financial feat—make it less painful by avoiding these newbie mistakes.

lifehacker.com

I ruined my family’s finances by withdrawing from my 401(k) to buy a house — and I regret it

Have a question about your own retirement savings? Email us at HelpMeRetire@marketwatch.com.

www.marketwatch.com

How Gen Z and millennials spend their money

They are woke, broke and complicated—and spending money. Learn how Gen Z and millennials’ spending habits are reshaping consumer trends and the economy

www.economist.com

 

[Helico-pterFunk]

My wife and I live ‘an average life’ in the Bay Area making $320K. Last year, we bought a house for $200K over asking — now we don’t want to live in it. Should we get professional help?

Have an issue with your financial adviser or looking for a new one? Email picks@marketwatch.com.

www.marketwatch.com

‘I’m paycheck to paycheck.’ I make $350K a year, but have $88K in student loans, $170K in car loans and a mortgage I pay $4,500 a month on. Do I need professional help?

Have an issue with your financial adviser or have questions about hiring a new one? Email picks@marketwatch.com.

www.marketwatch.com

My husband and I rent our second home to our son and his wife. Now we want him to own this house, but keep our 2.5% mortgage rate. How can we do that?

'Because of the 2.5% rate, none of us are interested in selling the house and getting our rates jacked up to 7%.'

www.marketwatch.com

I’m 53, got laid off, and wondering what to do now. I have $425K saved for retirement, $10K in an HSA, and a property I could sell for an extra $200K in cash. Is getting professional help wise?

Have an issue with your financial adviser or looking to hire a new one? Email picks@marketwatch.com.

www.marketwatch.com

‘My friends and family say I’m rich.’ I’m 26 and make $100,000 a year living in St. Louis, where I pay $850 in rent. But I can’t afford to buy a home, and am losing money when I invest. Would hiring a financial adviser be a smart move?

Is a financial adviser needed if you feel overwhelmed about money?

www.marketwatch.com

 

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Housing - Tips, Tricks and Hacks for Doing Everything Better | Lifehacker

Everything you ever wanted to know about Housing - Streaming. News, stories, photos, videos and more.

lifehacker.com

What a 7% Mortgage Rate Really Means for Your Monthly Payment

Here's how that mortgage rate jump would affect your monthly payment on a new home.

lifehacker.com

The Meanings Behind Common Real Estate Terms

DOM, EMD, contingency, stale listing, and other housing market lingo.

lifehacker.com

You Can Now Book an Apartment Tour in the Zillow App

This new feature allows you to book a tour without waiting for a response from the property manager.

lifehacker.com

These Are the Best Markets for First-Time Homebuyers Right Now

Had it with renting? Consider these cities if you're ready to buy.

lifehacker.com

Beware These Red Flags at Your Next Open House

Some dealbreakers announce themselves the minute you walk through the door—or even before.

lifehacker.com

These Cities Are Expected to See the Biggest Real Estate Growth in 2023

It's all about affordable housing in medium-sized metropolitan areas.

lifehacker.com

The Best Day to Browse Discounted Real Estate Listings

More price cuts happen on this day of the week than any other.

lifehacker.com

Lifehacker | Do everything better

Lifehacker is the ultimate authority on optimizing every aspect of your life. Do everything better.

lifehacker.com

 

[praetor]

That backyard.........

 

[Dr. Truth]

That backyard.........

Lmbaoooooo

 

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They Poured Their Savings Into Homes That Were Never Built (Published 2023)

What is it like to pour your life savings into apartments that might never get built?

nytimes.com

The 7 Deadly Sins of Buying Your First House

Buying your first home may seem like a daunting financial feat—make it less painful by avoiding these newbie mistakes.

lifehacker.com

A Housing Market Hangover (Published 2022)

In the year ahead, the housing market may be slow to start, with home prices, rents, inventory and interest rates not moving much at all, according to economists, analysts and real estate brokers.

nytimes.com

My Husband Claims Our $20,000 Credit Card Debt Is “Nothing to Worry About”

It's more important to enjoy our lives.

slate.com

 

[praetor]

 

[havelcok]

 

[Helico-pterFunk]

Vancouver January home sales down 55% from last year: real estate board

The Real Estate Board of Greater Vancouver says January home sales were more than halved from the year before and down 21 per cent from December.

bc.ctvnews.ca

 

[Helico-pterFunk]

Greater Vancouver home sales to flatten while prices inch up, forecast says

Home sales in Greater Vancouver are predicted to stay in line with last year's slower pace, while prices inch up slightly.

bc.ctvnews.ca

 

[praetor]

That new rent he quoted her sounds about right for Miami.

There's a very good chance that he's paying more than $1100/month on the property himself. He just did a terrible job of explaining the situation.

 

[Helico-pterFunk]

New Yorkers Never Came ‘Flooding Back.’ Why Did Rents Go Up So Much?

Getting to the bottom of a COVID-era real estate mystery.

www.curbed.com

 

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Investors own big chunk of Ontario’s condo market

More than 40 per cent of condos in Ontario are investment properties, says report by the Canadian Housing Statistics Program

www.theglobeandmail.com

Code minimum: Your home isn’t built for extreme weather

Canada’s building codes are out of date, inconsistent and ill-prepared for climate change

www.theglobeandmail.com

 

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They paid top dollar for pre-construction homes at the market peak. Now their builder is selling the same models for far less.

Mattamy buyers say they’re in a desperate situation, as values of their homes fall hundreds of thousands under their purchase prices.

www.thestar.com

 

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GTA average home prices plunge at rate not seen since the 1990s

Higher interest rates and last year’s price growth led to a record 16.4 per cent drop in January, said the Toronto real estate board.

www.thestar.com

 

[Helico-pterFunk]

The bonfire of the speculators: What caused an abrupt down-shifting in the preconstruction assignment market?

While the Bank of Canada’s aggressive rate hikes have made it much more difficult for buyers to prequalify for loans, there are other drivers at work, too

www.theglobeandmail.com

Builder blames city as Toronto-area condo cancelled

According to the Home Construction Regulatory Authority, 176 agreements were cancelled, out of a potential 246 units that were planned for the building

www.theglobeandmail.com

Townhouse gets full-price buyer after Instagram post

Prior to listing, the agents marketed the unit on Instagram, which generated immediate requests to view the property

www.theglobeandmail.com

Burnaby realtor struggles with cautious buyers

Several rounds of negotiations were needed to get an offer the seller considered a fair market price for Burnaby home

www.theglobeandmail.com

B.C. lays first bricks for $500-million rental protection fund

The fund would offer the non-profit sector $500-million to purchase purpose-built rental buildings that come onto the market, with an eye to older suites throughout the province

www.theglobeandmail.com

Condo seller trims $10,000 off asking price, unit sold same day for full asking price

Once seller carved a little off Little Portugal condo, after lowball bid rejected

www.theglobeandmail.com

 

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Toronto condo owners slapped with big special fees

Condo owners at two Toronto buildings have been hit by demands for huge sums of money above their regular fees

www.theglobeandmail.com

With deadline looming, Toronto’s vacant-home tax may catch some owners by surprise

In December, the City of Toronto mailed out letters notifying homeowners that they must declare the occupancy status of their property in order to avoid being hit with the vacant-home tax

www.theglobeandmail.com