RE:RE:RE:RE:RE:RE:RE:The current board/management barely own any sharesYou guys are clearly falling for what the media and industry analysts are telling you. Take a look at BCREA's Q1 2017 report. The average house price in BC has declined 9.2% when compared to Q1 2016. This is a huge drop. Ontario will report an even bigger drop...just wait. You can compare a lot of these property flippers with what the longs here will be....BAG HOLDERS
Simon868 wrote:
Yes, but the 15% was more like a political move for the BC government. As soon as they realized that buyers and sellers are playing the waiting game, they increase property assessement by 30% or more and tweak the foreign owner tax rule and allow those who work or go to school in BC to purchase homes without the extra 15% so that covers about 99% of foreign buyers. With a 30% increase in assessment value, homes prices "appears" to be cheap so yes is freaking red hot again in the lower mainland; coupled with decrease supply, there is no place but up for home prices. Most good locations and decent looking homes are sold within the week they are listed; many are sold within the day they are listed.