Comments on: Vancouver Real Estate – Sales Have Flushing Sound

By: Vancouver Real Estate » Blog Archive » Vancouver Homes - They Were Your Retirement Plan

Wed, 22 Oct 2008 16:06:27 +0000

[...] retirement plans of many people include the accumulated value of their Vancouver homes. They hoped and looked forward to selling their most important investment at the right time. Their [...]

By: yattermatters

yattermatters — Sat, 04 Oct 2008 16:09:33 +0000

@ Octagonian

Re banks: you may be right and time will tell. In the interim here is a little info on the difference between US & Canadian bank practice. BTW, I can’t speak to the writer’s qualifications.

http://tinyurl.com/3sjlku

your humble peddler

By: Octagonian

Octagonian — Sat, 04 Oct 2008 07:55:33 +0000

The ONLY reason “our banks are stronger” is because our real estate has not fallen as far — yet.

US banks had strong balance sheets until the real estate implosion picked up speed. Canadian banks will see their bottom lines decay toward bankruptcy as housing prices fall here.

So far, we have been about 18 – 24 months behind the US… Fall 2008 looks a lot like Spring 2008 in the US.

By: yattermatters

yattermatters — Sat, 04 Oct 2008 03:54:25 +0000

J.
What are the characteristics of a median human?

By: jf.sellsius

jf.sellsius — Fri, 03 Oct 2008 20:50:16 +0000

I don’t trust statistics. The average human has one breast and one testicle. Oops, sorry kids.