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Kate писал(а):Bank of Canada says house price increases in Vancouver, Toronto likely unsustainable
http://www.cbc.ca/news/business/bank-ca ... -1.3624088

Marmot писал(а):

Kate писал(а):Bank of Canada says house price increases in Vancouver, Toronto likely unsustainable
http://www.cbc.ca/news/business/bank-ca ... -1.3624088

Meadie об этом уже давно говорит, а что толку?

akela писал(а):Дада. Офигенно высокие у нас проперти-таксы. В районе 0.5% - если не ошибаюсь? А что бы вы сказали, ребята, если бы вам их подняли, скажем, до более обычных 1-2%?

mikei писал(а):

mikei писал(а):На 15% уменьшилось. Это как? Плохой район?

Ошибся в 2 раза без калкулятора . На 7 уменьшилось.

QueenR писал(а):

akela писал(а):Дада. Офигенно высокие у нас проперти-таксы. В районе 0.5% - если не ошибаюсь? А что бы вы сказали, ребята, если бы вам их подняли, скажем, до более обычных 1-2%?

Более обычных для кого? Может в некоторых штатах они и повыше будут, но там в среднем по больнице подоходный налог ниже, нет sales tax (Орегон, например), и тд.

QueenR писал(а):

mikei писал(а):

mikei писал(а):На 15% уменьшилось. Это как? Плохой район?

Ошибся в 2 раза без калкулятора . На 7 уменьшилось.

Кондо(таунхаус) или freehold?

Два из числа крупнейших банков Новой Зеландии прекратили выдачу ипотечных кредитов иностранцам на приобретение жилья. Эксперты прогнозируют, что другие банки страны вскоре последуют их примеру.
Так, банк Westpac Banking Corp объявил, что на ипотеку теперь могут рассчитывать только те иностранцы, у которых есть постоянный адрес проживания в Новой Зеландии и регулярный доход, получаемый в этой стране. Новые правила уже вступили в силу, передает Prian.ru.
К нему присоединился ANZ Bank New Zealand, установив те же правила. Изменения не затронут граждан Новой Зеландии, проживающих за границей и приобретающих жилье в родной стране.
Другие банки пока подтверждают, что не меняют правила ипотечного кредитования для иностранцев. Но аналитики ожидают, что вскоре они последуют примеру "старших товарищей", пишет Business Scoop.

Among the many ambitious but debt-burdened Chinese millennials I met this week, one of them, a 28-year-old air-conditioning engineer named Li Hongyan, is pretty much the living and breathing embodiment of the new, post-export Chinese economy: Ambitious, highly risky, mildly panicked, tumultuous and impossible for his authoritarian government to predict or manage.

I met Mr. Li in the claustrophobia-inducing dormitory room he shares with his fiancée in northern Beijing, taking part in the suddenly popular Chinese activity of worrying about real estate.

It has been five months since Mr. Li used years of savings to buy his (and his entire extended family’s) first house – a 650-square-foot apartment in a slightly worn-out building.

His flat cost him the until-recently-unthinkable sum of $519,000, or 22 times his salary. On top of that, he borrowed most of the 40-per-cent down payment from a variety of friends and relatives; he, like many of China’s millennials, is leveraged up the wazoo.

His mortgage payments on the little apartment, at 5.3-per-cent interest, are $2,400 a month; his salary is $2,000 a month, which should make him comfortably middle-class, except that he really can’t afford the property that goes with it. So he’s renting it out, but can only get $940 a month for it, so is still paying the largest share of his earnings to support a house he cannot afford to live in. He and his fiancée have given up on restaurant meals and vacations.

They won’t be able to live in it for at least four years, he reckons, and only then if everything keeps growing – until then, they live in a tiny room, not much bigger than its double bed, in a workers’ dormitory, sharing a kitchen and bathroom with 10 other people.

“This is going to be a tough few years,” he says. “But, you know, I am constantly going over this decision in my head, and it still feels like a really good investment in my future. It does cause me a lot of worry, though – I think about it in the middle of the night.”

Vancouver condo developers shutting out average buyers with insider sales

“At two presale events, I was there in person,” Mr. Yeung said. “Each time, I was informed that all the studio and all one-bedroom condos were already sold out … to the developer’s family and friends.”

Eager buyers camp out in lineups for hours or days before the sales events. Thousands also sign up online to get “VIP” access, only to find out on opening day they had no chance. Several have said they were then invited to buy something more expensive.

“It’s shady and not forthright,” Mr. Yeung said. “It’s a bait and switch – to get you in the door.”

Michelle Ly said she recently tried to buy into several developments.

“Everything in the one-bedroom or one-bedroom-and-den range was gone well before the official presale started,” she said.

“It’s super misleading and it wastes my time. My realtor and I would spend weeks trying to get information out of the developer, signing up for all the newsletters and touching base with their marketing people every other week. I felt bad for people waiting in line for days.”

Two developments were recently promoted by Rennie Marketing Systems, owned by Vancouver’s most politically connected condo marketer, Bob Rennie, an outspoken advocate for increasing supply to cool the market.

Биркин писал(а):http://www.bnn.ca/News/2016/6/17/Vancou ... sales.aspx

Vancouver condo developers shutting out average buyers with insider sales

“At two presale events, I was there in person,” Mr. Yeung said. “Each time, I was informed that all the studio and all one-bedroom condos were already sold out … to the developer’s family and friends.”...

Друзья-семья-кумовья, инсайдеры, "politically connected" маркетинговые компании... Миди вы не хотите со всем этим побороться так сказать "close to home"? тут ведь поле непаханное...

В условиях же, когда даже Банк Канады начал говорить о пузыре на ванкуверском рынке недвижимости (подразумевая его скорое сдутие)

BURNABY REAL ESTATE AUCTION
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Wed. Jun. 29, 2016 | 12:00 PM

Gatchinskiy писал(а):

Meadie писал(а): Но, в любом случае, основные покупатели недвижимости, и виновники высоких цен, - это сами жители Б.Ванкувера, которым банки дают моргиджи на 5-8+ годовых доходов.

уважаемый, а откуда такая инфа? Вы моргич пытались взять на сумму 5-8+ годовых доходов? Я относительно недавно обновлял и при хорошем кредитном рейтинге и всех саппортинг докс, такого аппрувала не получить бы было, даже с брокером... или вам опять какой-то мифический знакомый рассказал?

Rob McLister, the founder of ratespy.com, says that based on a five-year fixed-rate mortgage at 2.49 per cent, it takes about $174,000 of income to qualify for a $1-million mortgage. Stretch the amortization to 30 years and you only need income of about $157,500; based on an amortization of 35 years, you would need only $145,500 in household income.

CMHC’s own data for low-ratio mortgages shows the average amortization was 25.1 years in the first quarter of 2016 — down from 26.1 per cent in the last quarter of 2015. Still, in the first quarter of 2016, 38.6 per cent of the mortgage loans it tracked were for an amortization of between 25 and 30 years, and 3.7 per cent opted for between 30 and 35 years. In British Columbia, easily the most expensive province in which to buy a home, the average amortization length was 26.8 years for a low-ratio mortgage.

According to the Globe and Mail, China CITIC Bank has filed a lawsuit in Canada to try to seize the assets of a Chinese citizen the bank claims took out a $10 million loan in China then fled to Canada. In a first of its kind attempt at intercontinental repossession, the bank is looking to seize numerous Vancouver-area homes, valued at at least $7.3-million, along with other assets.

The defendant, Shibiao Yan, owns three multimillion-dollar properties in a Vancouver suburb and lives in a $3-million Vancouver home owned by his wife, according to court documents, the Globe and Mail reports. “The person involved left China with a large debt owed,” said Christine Duhaime, a lawyer who represents China CITIC Bank in the case, adding that she was not aware of any criminal charges against the man. Yan has not yet filed a response to the lawsuit and the claims have not been proven in court. We doubt he will appear.

Duhaime would not comment on the proceedings, but tweeted that the case was of "global significance for China". The reason is clear: it sets a precedent for many future such lawsuits, and confiscations.

As CBC adds, last week, Justice Gregory Bowden issued a temporary Mareva injunction against Yan, freezing his assets as the bank tries to make good on an arbitration ruling it claims to have obtained in March, ordering Yan to pay RMB 50 million plus RMB 2 million interest. According to the court documents, Yan incorporated a company in B.C. called TYMY Investments in March 2014, and his 36-year-old wife paid $2.5 million for a house in Vancouver a month later.

... since Canada would do nothing to hinder the parking of hot Chinese money locally, China decided to take matters into its own hands. If successful, and it will be as we doubt Mr. Yan will dare to appear in court resulting in a prompt confiscation of his assets, the action will have a chilling effect on all future purchases, and will most likely lead to a selling avalanche as the Chinese elite in Vancouver scramble to offload its domestic assets and find a new safe haven where it can park its money for the next few years.

In other words, with CITIC's lawsuit, the beginning of the end of Vancouver's housing bubble has officially begun.

In other words, with CITIC's lawsuit, the beginning of the end of Vancouver's housing bubble has officially begun.