May 2015

Craig Bytes May Newsletter

Posted on May 08, 2015

Short, sweet, to the point...Craig Bytes http://eepurl.com/bl7nqj

Read More

Latest Travel to China...

Posted on May 03, 2015

I believe that to be effective in Real Estate you need to have (what the US term as) a tilt to China.

2 weeks ago I visited China for the 3rd time in the past 12 months. Shanghai was a day and a half of meetings and sight-seeing.
 
Then off to Beijing for the Annual Beijing Spring Property Expo. I joined colleagues from LA, San Fran, NYC in representin...

Read More

Vancouver Deemed Low Risk for Correction - CMHC

Posted on May 02, 2015

There is so much being written on this subject. Sure my mindset (as an old bankruptcy/restructuring lawyer) is that what goes up must come down. My thoughts are these. Prior to the Global Financial Crisis in 2008 no one had any idea that a bunch of rogues on Wall Street were putting together toxic mortgage books. The conservative nature of the Cana...

Read More

Affordability Continues to Weaken in Vancouver

Posted on May 01, 2015

A new report shows that housing affordability in Vancouver has continued to become more difficult.

The Desjardins Affordability Index shows that the average selling price in the metro is almost $850,000, which is double the average price ($424,000) in the other cities included in the study, and 10 times the average income in the area.

The report incl...

Read More