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Jay McInnes - Sharp Real Estate Group @UC9RXmR5msIcg-YZCBDWCAgw@youtube.com

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Hi, if you’re new to my videos my name is Jay McInnes. As th

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Is Mortgage Fraud in Canada a thing? Yes it is. And this man has been trying to put a stop to it! Should the city be going into further debt to build a rental portfolio? Among everything happening? And the unfair advantages mount up the deeper you dig into the @cityofvancouver wanting to compete! Look out mom & pop real estate investors, the @cityofvancouver is coming for your tenants!! Are you going to renew on a fixed rate or variable rate mortgage? What’s it going to be?? Listing-numbers-are-WAY- Up!!! What does this mean for prices? Stagnant, specifically condos! Is the big money leaving Canada? The “prince” has listed for almost $10,000,000 below his cost! The listing inventory coming on is directly reflecting the market activity of each product type! We have some anecdotal evidence this week that the Americans are coming!! Vancouvers largest Penthouse has been reduced by $3,500,000! PH3101-717 Jervis Street, Emerald West. PH304-1275 West 7th Ave | Welcome to this fully renovated view home in the heart of Fairview Slopes! Trump is simply anchoring with these claims. If our “leaders” read his book, they would calm down. Multiple offer are BACK! Anticipation of cheaper rates blended with pent up demand! So how do the economic indicators look at the start of 2025?? ⬆️⬇️🤷🏻‍♂️ #vancouverrealestate Out of 5 million mortgages assessed, just over 0.2% were in arrears… What are the most recent foreclosure numbers looking like in Vancouver? What is more important to the city, cheaper housing costs or higher taxes into their pockets? December 2024 statistics have seen BIG increases in all segments regarding sales activity. BC’s “Flipping Tax” is now implemented as of Jan 1st. With flipping making up 2% or less of sales! we are all now acutely aware, possibly more so than ever how the rates have changed this year. Amongst all of the federal turmoil that is taking place (complete non-event) prices still ⬆️ I forgot to add that of the 2.3B city of vancouver 2025 budget, HALF will go to employee wages… Sales are up in all categories on all price points of the market. Plus cheaper rates again. Liftoff? PLENTY of incentive to make access to money & real estate cheaper & easier by the government. The government has kicked into high gear with incentives & access to cheaper money! Who has performed the best and who has performed the worst over the last month? Sales are UP year over year now in double digit increases for two consecutive months… Sooooooo, are listing numbers falling as we come to the end of the year now as they typically do?? So while are ALL LEVELS of gov are fumbling budgets, they are helping some groups and taxing others. A $307M purchase price & all we know is there was a 0% interest loan and no clarity on downpayment A story recently recently about a future-buy-out plan of these three collaborative developments ..🐟 The big question now is what happens to inventory in the new year? Influx or buildup? So in the spirit of real estate peak inventory stats, let’s jump into the sales stats shall we? Are we ACTUALLY at peak inventory? I have dug into the last 10 years of data so you don’t have to! Port Moody - Suter Brook Village corner 2 Bed / 2 Bath with Parking & Storage on the 🤫 side! $799k! Sales 🔼⬆️⏫️! The ratio is changing, this of course does NOT yes qualify as a trend, but ⏰ will tell The numbers are changing people. Sales to active listings ratio in all home types have increased up! Buyers demand surges in Metro Vancouver. The rates have began to drop, and it’s working! 😂🤦🏻‍♂️ “This” = inflation, more access to capital, more government hands in your pocket, +++ Congrats to everyone who voted to have the @bcndp stay in power and continue the current trajectory. Who Broke Vancouver Real Estate? Let’s take it back in time and see where this all started… And some yee-old anecdotal evidence I am seeing behind the increase in ground-level liquidity coming Probably the worst way to spend almost 3/4 of $1 billion of provincial money (at what interest rate? The liquidity is coming to the market now in different forms under different names & structures! Newest Coquitlam Penthouse For Sale in Maillardville @ Loma! N/W Corner Penthouse with sunset views! What are the main reasons we currently have an apparent “housing shortage” & what COULD be done? Less than 20% down payment? No problem, we have changed our $1m purchase price cap to $1.5m! The Feds just changed the rules, making MORE money MORE accessible to MORE people.
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