#Canucks Posted January 2, 2022 Share Posted January 2, 2022 11 minutes ago, Warhippy said: Honestly, many (not all) but a large margin of real estate agents are essentially modern day used car salesmen. Allowing an agency to police itself is insane. Reading numerous stories about federal action coming in on how canada's real estate agents and agencies conduct themselves and it's not pretty. Realtor forcing a couple to go in $230,000 over asking because of all the offers...except their were none and the agent pocketed a massive commission. Blind bidding, shadow flipping etc. It's kind of insane. Without mentioning our allowance of foriegn entities to purchase homes wholesale from trusts and off shore accounts without ever setting foot in canada or paying taxes the same way you or i would. I hate these types of stories. It casts a bad shadow on the industry. Link to comment Share on other sites More sharing options...
Warhippy Posted January 2, 2022 Share Posted January 2, 2022 20 minutes ago, #Canucks said: I hate these types of stories. It casts a bad shadow on the industry. The problem is. They're so common now as to be an industry standard and not an outlier. Every long term agent with ethics is being overshadowed by those who traded in buick sales for bungallows 1 Link to comment Share on other sites More sharing options...
Chris12345 Posted January 2, 2022 Share Posted January 2, 2022 YIKES 19.4%,! Gonna be a painful 5 years of tax increases across the board. Link to comment Share on other sites More sharing options...
Gurn Posted January 2, 2022 Share Posted January 2, 2022 Sadly, the government says your place is worth XXX dollars; they are NOT offering to buy it. As a former comic book, and current record collector, I'm aware that things are only worth what you get, when you sell them. 1 Link to comment Share on other sites More sharing options...
kurtis Posted January 2, 2022 Share Posted January 2, 2022 Our apartment in Pitt meadows went from 431k to 543k!! Holy crap. We bought 2 years ago for 422.5… Link to comment Share on other sites More sharing options...
kurtis Posted January 2, 2022 Share Posted January 2, 2022 3 hours ago, gurn said: Sadly, the government says your place is worth XXX dollars; they are NOT offering to buy it. As a former comic book, and current record collector, I'm aware that things are only worth what you get, when you sell them. They generally always sell more then the numbers they give.. Link to comment Share on other sites More sharing options...
Hamhuis Hip Check Posted January 2, 2022 Share Posted January 2, 2022 22 hours ago, -DLC- said: Right? Scammers...mine's gone up $186,000.00. In whose world? W/E....everyone wants a chunk of us lately. Mine went up to 186,000 and i thought that was crazy by itself, but to go up by that much is insane Link to comment Share on other sites More sharing options...
JM_ Posted January 2, 2022 Share Posted January 2, 2022 5 hours ago, gurn said: Sadly, the government says your place is worth XXX dollars; they are NOT offering to buy it. As a former comic book, and current record collector, I'm aware that things are only worth what you get, when you sell them. its like the old saying, its not what you make its what you keep. I don't get too worked up over these numbers, they don't mean much until you sell. What people really need to watch out for is the easy line of credit increases that come with this, thats where you can really get yourself in to trouble. 1 Link to comment Share on other sites More sharing options...
Sp3nny Posted January 3, 2022 Share Posted January 3, 2022 Three year totals for me. 26%, 5%, 31%. Craziness... 1 Link to comment Share on other sites More sharing options...
Russ Posted January 3, 2022 Share Posted January 3, 2022 23 hours ago, Warhippy said: Honestly, many (not all) but a large margin of real estate agents are essentially modern day used car salesmen. Allowing an agency to police itself is insane. Reading numerous stories about federal action coming in on how canada's real estate agents and agencies conduct themselves and it's not pretty. Realtor forcing a couple to go in $230,000 over asking because of all the offers...except their were none and the agent pocketed a massive commission. Blind bidding, shadow flipping etc. It's kind of insane. Without mentioning our allowance of foriegn entities to purchase homes wholesale from trusts and off shore accounts without ever setting foot in canada or paying taxes the same way you or i would. Theres been 3 houses we have looked at. Gone there and our realtor said he got a call that day from the seller saying they got offers. 1 legit had them and sold a few days later, 2 are still on market a month+ later. We didn't bite on either of those in a panic to get in a bidding war thankfully. One house I wanted to check out last week, ended up going 300k over asking. There was ZERO reason for it, it was already above the average. There is NO way its not foreign because theres no way someone was paying that price for the suburbs. Link to comment Share on other sites More sharing options...
Warhippy Posted January 3, 2022 Share Posted January 3, 2022 1 hour ago, Russ said: Theres been 3 houses we have looked at. Gone there and our realtor said he got a call that day from the seller saying they got offers. 1 legit had them and sold a few days later, 2 are still on market a month+ later. We didn't bite on either of those in a panic to get in a bidding war thankfully. One house I wanted to check out last week, ended up going 300k over asking. There was ZERO reason for it, it was already above the average. There is NO way its not foreign because theres no way someone was paying that price for the suburbs. You should read about that couple from the Ottawa river valley who were forced in to bidding almost $800k over asking. There's some seriously shady things us buyers aren't seeing Link to comment Share on other sites More sharing options...
Russ Posted January 3, 2022 Share Posted January 3, 2022 4 hours ago, Warhippy said: You should read about that couple from the Ottawa river valley who were forced in to bidding almost $800k over asking. There's some seriously shady things us buyers aren't seeing 800k? And buyers see it, its all foreign money, everyone knows it but government doesn't give 2 craps because every home sold and flipped they get a cut each time. 1 Link to comment Share on other sites More sharing options...
UKNuck96 Posted January 3, 2022 Share Posted January 3, 2022 Am I glad we don’t pay land taxes here, although that said it might help suppress our market slightly. It’s difficult over here but in Van I have no idea how you afford and then continue to afford the housing Link to comment Share on other sites More sharing options...
Warhippy Posted January 3, 2022 Share Posted January 3, 2022 6 hours ago, Russ said: 800k? And buyers see it, its all foreign money, everyone knows it but government doesn't give 2 craps because every home sold and flipped they get a cut each time. My mistake sorry $400k over asking with some shady realtor related issues https://beta.ctvnews.ca/local/ottawa/2021/3/19/1_5354943.html Link to comment Share on other sites More sharing options...
aGENT Posted January 3, 2022 Share Posted January 3, 2022 (edited) $579k to $781k. What's that...35% increase? Our house on the island is now worth almost what we sold our place in Delta for, two short years ago. Edited January 3, 2022 by aGENT Link to comment Share on other sites More sharing options...
johngould21 Posted January 3, 2022 Share Posted January 3, 2022 How much did your assessments drop last year? Our home is back to pre Covid numbers. Link to comment Share on other sites More sharing options...
Gurn Posted January 3, 2022 Share Posted January 3, 2022 My folk's place went up 70 gr for 24.39 % And my Aunt's went up $230,000 or 39.79 % But the government will tell you inflation is somewhere under 3%. Link to comment Share on other sites More sharing options...
johngould21 Posted January 3, 2022 Share Posted January 3, 2022 These are the assessed value of my home in Burnaby over the last few years. '18 1678000 '19 1603000 '20 1304900 '21 1482000 '22 1790000 Link to comment Share on other sites More sharing options...
MeanSeanBean Posted January 3, 2022 Share Posted January 3, 2022 We purchased our first house just over a year ago, and the assessment is sayings it's gone up by 250k over what we got it for. Yeah, I don't think so... Link to comment Share on other sites More sharing options...
bishopshodan Posted January 3, 2022 Author Share Posted January 3, 2022 1 hour ago, Shayster007 said: We purchased our first house just over a year ago, and the assessment is sayings it's gone up by 250k over what we got it for. Yeah, I don't think so... What do you mean? I believe it is rare for homes to sell at less than assessed value... Link to comment Share on other sites More sharing options...
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