Vancouver Unstoppable Up 10%

[VancouverGoinUp]

Folks,

I've been away from the board for awhile travelling the world 1st class due to the continuing Gold Rush in Vancouver. Folks, the news is fantastic! We are up almost 10% comparable to 2007.

Vancouver prices defy Shiller defy the credit crisis and defy the world economic picture. Do you want to know why? Because Vancouver is the only place in the world that is Self Actualized. Read below from todays Vancouver Sun and come join us because Vancouver is still Goin Up!

"B.C. numbers being released today show that the province has largely dodged the price rollback, with the average B.C. residential price for June up 3.9 per cent from the same month last year, to $463,458.
For the first six months of the year, seasonally adjusted unit sales for the province were down almost 22 per cent to 42,907 units, while the average price was up 9.6 per cent to $473,536 compared to the first six months of 2007."

[touchring]

Re: Vancouver Unstoppable Up 10%

even china is crashing, looks like vancouver will be the last market.

[GRG55]

Re: Vancouver Unstoppable Up 10%

Folks,

I've been away from the board for awhile travelling the world 1st class due to the continuing Gold Rush in Vancouver. Folks, the news is fantastic! We are up almost 10% comparable to 2007.

Vancouver prices defy Shiller defy the credit crisis and defy the world economic picture. Do you want to know why? Because Vancouver is the only place in the world that is Self Actualized. Read below from todays Vancouver Sun and come join us because Vancouver is still Goin Up!

"B.C. numbers being released today show that the province has largely dodged the price rollback, with the average B.C. residential price for June up 3.9 per cent from the same month last year, to $463,458.
For the first six months of the year, seasonally adjusted unit sales for the province were down almost 22 per cent to 42,907 units, while the average price was up 9.6 per cent to $473,536 compared to the first six months of 2007."

VGU: We missed you! Really we did!!! Glad to see you're back in fine form.

Now if you've been jetting around, and presuming you managed to drag yourself out of your Fairmont hotel suite to survey the local scene, wherever else you've been you probably noticed the real estate market looking a wee bit wobbly compared to Vancouver?

Be thankful Mark Carney obliged the mortgage market and held BoC rates constant this week. Another round gentlemen...

[Guest]

Re: Vancouver Unstoppable Up 10%

VGU: We missed you! Really we did!!! Glad to see you're back in fine form. Another round gentlemen...

Yes but Vgup's avatar is looking a bit obscure and dark there. You need to open it up in photoshop and tweak the "curves" gizmo, or the "hue brightness" gizmo and brighten him up a bit. He's looking a mite "peakish" if you asked me (which nobody did but whatever). Welcome back Vgup. We were all mourning your having forsaken the housing bubble pages because all the hard-boiled housing bears here no longer had a place to mingle, claw at the ground with great woolly paws, and snort angrily.

Here ya go Vgup. Here's a copy of your Avatar-image all brightened up.

VANCOUVER_GOIN_UP_AVATAR_BRIGHT.jpg

[ocelotl]

Re: Vancouver Unstoppable Up 10%

It makes me think about setting a thread...

"Ixtapaluca going up"



Problem is either when

- There is no more space to keep building these little boxes
- People tries to get in or out with their cars or in public transport or in any way
- The sewage system clogs and there is a storm that soaks all these houses to 1 feet deep sewage
- Either of your neighbors do anything noisier than a whisper

;):rolleyes:

[GRG55]

Re: Vancouver Unstoppable Up 10%

Folks,

I've been away from the board for awhile travelling the world 1st class due to the continuing Gold Rush in Vancouver. Folks, the news is fantastic! We are up almost 10% comparable to 2007...

VGU: 10%! In a whole year??? That's a bloody disaster for Vancouver. We are conditioned to 10% per month. Or at least 10% between each of your posts. But to have to wait a whole year for a measly 10% paper appreciation on a Vancouver home. I'll bet it's almost enough to drive a realtor to such despair they trade down from the Bentley to a BMW. :rolleyes:

Vancouver prices defy Shiller defy the credit crisis and defy the world economic picture. Do you want to know why? Because Vancouver is the only place in the world that is Self Actualized. Read below from todays Vancouver Sun and come join us because Vancouver is still Goin Up!

"B.C. numbers being released today show that the province has largely dodged the price rollback, with the average B.C. residential price for June up 3.9 per cent from the same month last year, to $463,458.
For the first six months of the year, seasonally adjusted unit sales for the province were down almost 22 per cent to 42,907 units, while the average price was up 9.6 per cent to $473,536 compared to the first six months of 2007."

Just when I was feeling somewhat better reading the rest of your post, I opened this morning's Financial Post to find this shocking headline:

HOUSING SLUMPS ?? WEST LEADS DROP
Garry Marr, Financial Post Published: Wednesday, July 16, 2008

Canadian home prices fell for the first time in almost a decade in June but the Canadian Real Estate Association said yesterday it is likely a one-month blip and not a sign of things to come...

...A 43% drop in the number of homes sold in Vancouver -- the priciest major market in the country --also weighed on the average national price in June, even though prices in the city rose 8.3% year over year...
Article...

But on second thought I suppose one should feel good that one's home has increased in "value" even if sales volumes are falling so fast you can't sell it to anybody to realize that gain...

And if there was any remaining doubt it was immediately dispelled by these soothing words from Jim "Tax the Trusts" Flaherty:

No housing bubble in Canada: Flaherty

Carrie Tait, Financial Post Published: Wednesday, July 16, 2008
CALGARY - Federal Finance Minister Jim Flaherty shrugged off housing worries in Canada Wednesday, saying there is no bubble and that the subprime-mortgage woes crippling financial institutions in the United States are not threatening banks north of the border.

"There is no bubble in the Canadian housing sector," he told reporters after speaking to roughly 400 people at a Calgary Chamber of Commerce event.

"That's not been our concern. Our concern has been a tendency for longer amortization periods, like 40 years, and for purchasers putting very little money down...

..."Our economy is strong," he told the audience.
Article...

Time to strap on some roller blades and run down some little old ladies on the Seawall for sport...

[GRG55]

Re: Vancouver Unstoppable Up 10%

Folks,

I've been away from the board for awhile travelling the world 1st class due to the continuing Gold Rush in Vancouver. Folks, the news is fantastic! We are up almost 10% comparable to 2007.

Vancouver prices defy Shiller defy the credit crisis and defy the world economic picture. Do you want to know why? Because Vancouver is the only place in the world that is Self Actualized. Read below from todays Vancouver Sun and come join us because Vancouver is still Goin Up!

"B.C. numbers being released today show that the province has largely dodged the price rollback..."

VGU: Looks like real estate is not the only thing goin'up in Vancouver. Highest gasoline prices in Canada. Maybe the highest in North America too?

This is the list of the lowest prices in Vancouver [from gasbuddy.com]. The lowest price today [top of list] of Cdn $1.405/liter converts to about $5.30 per US gallon. :eek: Anybody in the USA or Mexico paying more than that?

They are correct when they said "B.C. numbers...largely dodged the price rollback..." :rolleyes:

Price	Station		Area	Time
	Shell		Vancouver	Thu 10:00 PM
	1785 Main St & E 2nd Ave
	Chevron		Vancouver	Wed 8:37 PM
	Granville & West 71st (pump price)
	Tempo		Vancouver	Thu 3:49 PM
	Broadway & Renfrew
	Petro Canada		Vancouver	Wed 9:50 PM
	8175 Cambie St & SW Marine Dr
	Petro Canada		Vancouver	Wed 9:48 PM
	2398 E 1st Ave & Nanaimo St
	Petro Canada		Vancouver	Wed 9:43 PM
	1289 E Broadway & Clark Dr
	Petro Canada		Vancouver	Wed 9:42 PM
	2808 W Broadway & MacDonald St
	Petro Canada		Vancouver	Wed 9:40 PM
	1743 Burrard St & W 2nd Ave
	Petro Canada		Vancouver	Wed 7:01 PM
	8072 Granville St & W 65th Ave
	Chevron		Vancouver	Fri 7:47
	2783 W 4th Ave & MacDonald St (Less 3.5 cent discount)
	Chevron		Vancouver	Thu 8:31 PM
	8884 Granville St
	Shell		Vancouver	Thu 8:30 PM
	8686 Granville St & W 71st Ave
	Chevron		Vancouver	Thu 7:14 PM
	1212 E Hastings St & Vernon Dr (-3.5 cents)
	Shell		Vancouver	Thu 7:14 PM
	1896 E Hastings St & Victoria Dr
	Chevron		Vancouver	Thu 5:30 PM
	5736 Main St & E 41st Ave (sign)
	Chevron		Vancouver	Thu 5:15 PM
	1008 W 41st Ave & Oak St (sign)
	Petro Canada		Vancouver	Thu 5:15 PM
	5680 Oak St & W 41st Ave (sign)
	Husky		Vancouver	Thu 2:45 PM
	2120 Grandview Hwy & Lakewood Dr (sign)
	Super Save		Vancouver	Fri 3:30 PM
	12th & Clark Dr.
	Mohawk		Vancouver	Fri 9:45
	33rd Ave & Victoria
	Mohawk		Vancouver	Fri 9:32
	1955 Powell St near Wall St
	Husky		Vancouver	Fri 8:30
	6808 Victoria Dr & E 52nd Ave
	Petro Canada		Vancouver	Wed 9:31 PM
	3110 E 54th Ave & Kerr St
	Esso		Vancouver	Thu 8:15 PM
	5702 Granville St & W 41st Ave
	Shell		Vancouver	Thu 5:41 PM
	1396 E 41st Ave & Knight St (sign)
	Shell		Vancouver	Fri 2:30 PM
	8655 Boundary Rd & Marine Way
	Chevron		Vancouver	Fri 3:30 PM
	7309 Knight St & E 57th Ave
	Petro Canada		Vancouver	Thu 4:05 PM
	2277 Kingsway & Nanaimo St (after petro canada card discount)
	Husky		Vancouver	Thu 8:00
	1010 W King Edward Ave & Oak St
	Shell		Vancouver	Thu 8:15 PM
	5695 Granville St & W 41st Ave
	Shell		Vancouver	Fri 3:30 PM
	12th & Clark Dr.
	7-Eleven		Vancouver	Fri 3:30 PM
	Knight & 33rd
	Petro Canada		Vancouver	Fri 3:30 PM
	1390 E 33rd Ave & Knight St
	Petro Canada		Vancouver	Fri 3:30 PM
	7282 Knight St & E 57th Ave
	Petro Canada		Vancouver	Fri 1:00 PM
	1675 Rupert St & E 1st Ave
	Chevron		Vancouver	Fri 12:30 PM
	1720 Rupert St & E 1st Ave
	Esso		Vancouver	Fri 12:30 PM
	3312 Grandview Hwy & Rupert St
	Chevron		Vancouver	Fri 12:30 PM
	2902 Grandview Hwy & Renfrew St
	Chevron		Vancouver	Fri 9:45
	2918 Kingsway & Killarney St
	Petro Canada		Vancouver	Fri 9:45
	Kingsway & Nanamio
	Esso		Vancouver	Fri 9:45
	2001 Kingsway & Victoria Dr
	Chevron		Vancouver	Fri 9:32
	1026 Powell St & Raymur Ave (-3.5 cents)
	Chevron		Vancouver	Fri 8:45
	5252 Victoria Dr & E 36th Ave
	Petro Canada		Vancouver	Fri 8:30
	6502 Victoria Dr & E 49th Ave
	Shell		Vancouver	Thu 2:47 PM
	4314 W 10th Ave & Discovery St (After 3.5¢ discount)
	Chevron		Vancouver	Thu 11:45
	4615 Arbutus St & Valley Dr
	Esso		Vancouver	Thu 11:15
	3690 W 10th Ave & Alma St
	Chevron		Vancouver	Thu 9:49
	Georgia & Bidwell
	Esso		Vancouver	Thu 8:00
	6525 Oak St & W 49th Ave
	Shell		Vancouver	Thu 8:00
	4110 Oak St & King Edward Ave
	Esso		Vancouver	Thu 8:00
	1390 W Broadway & Hemlock St
	Chevron		Vancouver	Thu 5:00
	196 SE Marine Dr & Main St
	Petro Canada		Vancouver	Thu 3:49 PM
	2890 E Hastings St & Renfrew St

[VancouverGoinUp]

Re: Vancouver Unstoppable Up 10%

Luckily gas prices won't affect Vancouver. Gas could go to 100 bucks a litre and Asia would be banging on the door to get it. It's beyond comprehension of the human mind. Don't think about it just buy because Vancouver Goin Up. Rumour has it Shiller bought a house here recently!!!!

[ocelotl]

Re: Vancouver Unstoppable Up 10%

VGU: Looks like real estate is not the only thing goin'up in Vancouver. Highest gasoline prices in Canada. Maybe the highest in North America too?

This is the list of the lowest prices in Vancouver [from gasbuddy.com]. The lowest price today [top of list] of Cdn $1.405/liter converts to about $5.30 per US gallon. :eek: Anybody in the USA or Mexico paying more than that?

They are correct when they said "B.C. numbers...largely dodged the price rollback..." :rolleyes:

In Mexico the Magna is at 7.23 MXN/liter, roughly 2.70 USD per gallon.

[GRG55]

Re: Vancouver Unstoppable Up 10%

Folks,

A lawsuit should be pending for Shiller and Co as he is responsible IMO for one of the biggest losses of wealth in History. His random flailing of "facts" in regards to Vancouver was dead wrong.

Caution listening to Shiller may be hazardous to your Wealth...

Luckily gas prices won't affect Vancouver. Gas could go to 100 bucks a litre and Asia would be banging on the door to get it. It's beyond comprehension of the human mind. Don't think about it just buy because Vancouver Goin Up. Rumour has it Shiller bought a house here recently!!!!

What did you do? Offer Shiller immunity from prosecution? :rolleyes: