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@nlepan The price for all housing types sold in the GTA averaged a record $729,922 last year, up 17.3 per cent from 2015. It marks the 20th consecutive year that average house prices have gone up in Canada’s largest housing market. “The market conditions are tight enough that even if we saw a dip in sales in 2017 versus 2016, you’re still going to see extremely tight conditions,” http://www.theglobeandmail.com/real-estate/toronto/gta-real-estate-market-conditions-presage-further-rise-in-home-prices/article33520548/? #realestate
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@rjunior BC officially imposed a 15% “property transfer tax” on foreigners wishing to purchase property in BC.[1] Premier Christy Clark has stated that the new property transfer tax would limit demand, making housing more affordable in Metro Vancouver.[2] Which is, of course, utter poppycock. The tax will NOT work for three key reasons: 1) the tax is too easy to get around; 2) the vast majority of the non-resident investors buying up Vancouver real estate do not care about an extra 15% “property transfer tax” – they will see it as a cost of doing business; 3) the law is a violation of Canada’s investment protection treaties, including NAFTA http://www.dominiontaxlaw.com/bcs-15-property-transfer-tax-sales-non-residents-will-not-work/
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@nlepan Data collected from open sources at the City of Toronto, Landlord Watch and ACORN compiled a list of the worst apartment buildings and landlords in the City of Toronto: http://torontoguardian.com/2016/12/worst-landlords-worst-apartments/ #realestate #Toronto
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@nlepan The Victoria Real Estate Board says a repeat of last year’s record-smashing property sales that saw constant bidding wars on southern Vancouver Island is not in the forecast for 2017. But prices are expected to continue rising is a market of too few available homes. http://www.theglobeandmail.com/news/british-columbia/victoria-faces-property-shortages-as-newcomers-arrive-for-lifestyle-change/article33561009/? #realestate
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@nlepan Canada’s subprime mortgage providers are increasingly teaming up with unregulated rivals to sidestep rules designed to clamp down on risky lending. The practice has grown fast because it allows borrowers to make down payments of just 10 per cent, dodging federal rules that require either 20 or 35 per cent down on mortgages not backed by government insurance. Packaging two loans together allows the regulated lender to skirt those rules. Gosh, aren't people so innovative when money and regulation are in the way. http://business.financialpost.com/personal-finance/mortgages-real-estate/how-lenders-are-sidestepping-canadas-mortgage-rules-with-bundles-of-debt #mortgages #realestate
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@nlepan The BC provincial government is pitching in to pay the property taxes of million-dollar Vancouver homeowners and offering loans to first-time buyers for down payments. Too bad for renters, who are among the taxpayers footing a C$1.5 billion ($1.2 billion) bill at least in the next few years. https://www.bloomberg.com/news/articles/2017-01-11/vancouver-renters-aid-million-dollar-homeowners-with-their-taxes #riseofthepeasants #realestate
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@nlepan The Calgary Real Estate Board expects home prices to stabilize through 2017 as supply is expected to even out with demand. The agency says that sales in Calgary are forecasted to be 18,335 units, a three percent increase over 2016, but a drop in the long term forecast. http://calgary.ctvnews.ca/calgary-home-prices-expected-to-stabilize-in-2017-1.3236920 #housing #realestate
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@nlepan Cate Blanchett has found a buyer for her waterfront compound in Hunters Hill, Australia. The closing price was not disclosed but people say its was on the market for $20 million buckaroos. The house was originally bought for $10 million more than a decade ago. 50% return on investment not bad. http://www.mansionglobal.com/articles/51076-cate-blanchett-finds-new-buyer-for-australia-estate? #realestate
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@nicholaslepan Celine Dion cuts price of island estate with its own waterpark from $72 million to $38.5 million. http://www.wsj.com/articles/celine-dion-cuts-price-of-jupiter-island-estate-to-38-5-million-1484322455 #realestate
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@newswire The White House Worth Just Shy of $400 Million @newswire/the-white-house-worth-just-shy-of-400-million $ZG $Z The White House, valued at $397.9 million according to the Zillow® home valuation, has appreciated 15 percent since the Obamas moved in eight years ago. #realestate
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@nicholaslepan China’s housing boom ends as prices fall in top cities. House prices have fallen across most of China’s hottest property markets for the first time in almost two years, marking an end to the enormous growth that saw prices rise as much as 40 per cent last year. https://www.ft.com/content/0ae22064-dd5a-11e6-9d7c-be108f1c1dce #China #realestate #housing
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@nicholaslepan The U.S.' priciest house for sale is a Bel-Air mansion that includes 7 staffers and a helicopter. Price tag is 250-million. #realestate http://www.latimes.com/business/realestate/hot-property/la-fi-hp-250-million-house-20170118-story.html
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@nicholaslepan Flipping hell! New Zealand property frenzy as two houses sold five times in four day. Real estate watchdog to investigate the dealings as Auckland red-hot market continues to soar. #realestate https://www.theguardian.com/world/2017/jan/18/flipping-hell-new-zealand-property-frenzy-as-two-houses-sold-five-times-in-four-days?
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@nicholaslepan Soaring land values in Vancouver spark a ‘property tax revolt’. Vancouver assessments are based on the potential for development of the property, as opposed to actual use. Also, city policies are having an impact. In the West End, the city has rezoned for significantly more high-density residential, which has driven up prices. The change could signal a similar move in the east side of the city. This is creating hefty property tax bills. http://www.theglobeandmail.com/report-on-business/small-business/sb-growth/soaring-land-values-in-vancouver-spark-a-property-tax-revolt/article33672975/? #Vancouver #realestate
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@nicholaslepan Cadillac Fairview sells 50% of its Vancouver portfolio to Ontario Pension Board and the Workplace Safety and Insurance Board. http://www.theglobeandmail.com/real-estate/vancouver/cadillac-fairview-sells-50-of-its-vancouver-portfolio/article33682289/ #realestate
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@VancouverRealtor Asking $10.8 million but negotiable... Your chance to live on West Vancouver’s Golden Mile at a potentially steep discount. The catch, the previous owner was chopped into 100 pieces inside allegedly by members of his family. It’s a world-class property, a few doors down from BC Richest man Jimmy Pattison. http://www.remax.ca/bc/west-vancouver-real-estate/na-963-king-georges-way-na-wp_id155385252-lst/ http://news.nationalpost.com/news/canada/b-c-man-allegedly-chopped-into-100-pieces-in-his-home-was-murdered-for-his-money-and-assets-lawyer could you live in a crime scene to save money? what about after a teardown? #realestate
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@nicholaslepan West Vancouver population drop causes concern. Aging population, increasing housing prices and foreign buyers blamed for population decline. http://www.cbc.ca/beta/news/canada/british-columbia/west-vancouver-population-drop-1.3951028 #realestate #Vancouver #WestVancouver #WestVan
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@Leon Who will be the main beneficiaries of #Trump's infra-structure program? Is it only ment as a public investment to create private profit? #bonds #nationaldebts #commodities #inflation #realestate #Vancouver www.counterpunch.org/2017/01/24/developer-welfare-trumps-infrastructure-plan/
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@racker $10 mil and 4.1% cap rate for 55 unit apartment building in up and coming Nanaimo, BC http://goodmanreport.com/content/BRO%20655-Poplar-Street%20web2.pdf?utm_source=Goodman+Report+-+Jan+31st #realestate
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@marketwired Regina housing starts trend lower in January @marketwired/regina-housing-starts-trend-lower-in-january It is winter. #realestate
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@nicholaslepan Toronto is becoming a condo city. For some, buying a condo is a means to a life full of urban pleasure, to others it's a source of headaches and disappointment. From falling glass to noisy neighbours, the reality of condo life is bit more complicated than the sophisticated images in advertising brochures. The Agenda convenes a panel to discuss the advantages and dilemmas of condo ownership. https://www.youtube.com/watch?v=ICeI0fp_UMo+ #realestate #condos
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@nicholaslepan Investors bought $34.7-billion worth of commercial property valued at more than $10-million last year, according to real estate brokerage CBRE Group Inc. That was a 33-per-cent increase from a year earlier, and surpassed 2007’s record of $32.1-billion. Foreign buyers accounted for about 27 per cent of Canadian deals in 2016, up from just 6 per cent the year before. China and Hong Kong accounted for 71 per cent of foreign commercial real estate investment; Europe made up 17 per cent, and the U.S. was 8 per cent. http://www.theglobeandmail.com/globe-investor/ #realestate #Canada
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@nicholaslepan David Madani, of Capital Economics, said in a report out Friday that while the housing boom supported the economy through the oil shock in 2016, a further deterioration in housing affordability will cost the economy over time. http://business.financialpost.com/personal-finance/mortgages-real-estate/the-housing-bubble-has-burst-economist-warns-market-imbalances-threat-to-economy-in-long-run #economics #realestate
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@nicholaslepan Economist says it’s 1980s all over again in the Toronto market. Remember how that ended? The economist is now predicting a 19 per cent increase in condo prices in the Greater Toronto Area and says to watch for double-digit gains in the Greater Golden Horseshoe. Basically anywhere with a two-hour drive. http://business.financialpost.com/personal-finance/mortgages-real-estate/economist-says-its-1980s-all-over-again-in-the-toronto-market-remember-how-that-ended #realestate
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@nicholaslepan Harcourts Canada is holding a rare public auction for property, looking to sell a two-bedroom unit in New Westminster. The company will hold the auction, its first in Canada, on March 2. http://www.cbc.ca/news/canada/british-columbia/housing-auction-for-new-west-home-1.3987285 #realestate
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@racker ‪Warren Buffett lists longtime Laguna Beach home for $11 million https://www.wsj.com/articles/warren-buffett-lists-longtime-laguna-beach-home-for-11-million-1487344530 gorgeous urban #realestate
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@racker More than a third of Canadian millennials now own a home, and nearly two-fifths of them had help from parents to get into the housing market, says a new global study from HSBC https://sec.theglobeandmail.com/globe-investor/personal-finance/genymoney/millennials-are-buying-homes-but-many-have-parental-help-survey-finds/article34157168/ #realestate
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@nicholaslepan A fixer-upper in Toronto, a condo in Vancouver or a wilderness lodge in Yukon can cost about the same. What kind of home will $770K buy? http://www.cbc.ca/news/canada/edmonton/canada-real-estate-prices-1.4001828 #realestate
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@racker Munger on the stock market vs #realestate https://youtu.be/KZtGpUl5vC8+ a laugh comes around the 2 minute mark about competing with an immigrant motel operator
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@racker A legendary Silicon Valley designer is selling his wacky 6-in-1 home for $15 million http://read.bi/2msCVKE #realestate to each their own
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@nicholaslepan This is a great site breaks down what a shitty Mansion is. The person that runs this tumbler, I think is an architecture student and just tears into poorly designed houses with useless design features, and it is pretty funny to boot as well. http://www.mcmansionhell.com/ #realestate
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@racker Toronto Bidding Wars So Fierce That Homebuyers Skip Inspections https://www.bloomberg.com/news/articles/2017-04-03/toronto-bidding-wars-so-fierce-that-homebuyers-skip-inspections #realestate "invest before you investigate" said a man who died broke
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@MiningBookGuy Africas property market oversupply plagues commodity-exporting countries https://www.youtube.com/watch?v=FBFmos3iviU+ #Africa #RealEstate #property #oversupply ~AUfrica #CGTNafrica
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@MiningBookGuy @FundamentalAnalysis @Jayfire - good thoughts in #mbgtrends! 2009 was an incredible #macro opportunity...i wasn't even looking at stocks, and was just one of many, many people that made some 'pretty good' money (well, some made absolute fortunes!) from 'internet companies', mostly leveraging off new social media, and then it just continued into mobile. It was just ridiculous how so many opportunities appeared from ~2008-2012 (i feel like 2011-2012 was the true sweet spot for #RealEstate, at least in the US...but @Jayfire knows a ton more about that! :P ) Anyway, 'think big' with mining stocks...because I have a feeling it's going to be easy for all of us to sell ourselves short! 10-baggers are great...but why not 20, 50, or 100+ baggers!? now the bigger you go, the more you're going to need to look at #exploration stories...and of course some of 'us' (meaning 'not me') are lucky enough to be able to participate in private placements for extra juice...but i think anyone in this sector long enough will start to pick-up on early-stage exploration opportunities, realizing that 'really can' lead to the elusive 100+ bagger. Well anyway, that's what i'm trying to achieve...and the great thing is that 'exploration' is still 'very cheap' for many (not all) companies out there!
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@MiningBookGuy @FundamentalAnalysis @Jayfire - but yeah, if you're happy with 10-baggers, this is still a great place to be, and it seems we all agree that $TGZ is a really good choice right now, where I think realistically think it can be a 10-bagger over the next few years with a combination of #exploration / #development / #production success. So no need to go 'deep' into exploration to have a lot of success in this sector! And to @jayfire's point, it would be pretty awesome to transfer gains from this sector as it approaches highs in a few years, buying another one at the lows! (like he has been doing from #realestate to #mining ) #mbgtrends
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