we’re approaching a very important window for borrowers. The stars have aligned, and over 47% of mortgages are going to be renewing within the next 12 months. Another 31% of mortgages will renew over the next 1 to 3 years. We have the potential peak of mortgage growth, and a huge number of renewals. All of this data is hitting us just a touch over 3 weeks from today.
Vancouver is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the most populous city in the province, the 2021 census recorded 662,248 people in the city, up from 631,486 in 2016. The Greater Vancouver area had a population of 2,642,825 in 2021, making it the third-largest metropolitan area in Canada. Vancouver has the highest population density in Canada, with over 5,400 people per square kilometre. Vancouver is one of the most ethnically and linguistically diverse cities in Canada: 72 percent of its residents are not native English speakers, 88.9 percent are native speakers of neither English nor French, and 80.6 percent of residents belong to visible minority groups.
Vancouver is one of the most livable cities in Canada and in the world. In terms of housing affordability, Vancouver is also one of the most expensive cities in Canada and in the world.[15] Vancouver plans to become the greenest city in the world. Vancouverism is the city's urban planning design philosophy.
Indigenous settlement of Vancouver began more than 10,000 years ago, and the city is on the traditional and unceded territories of the Squamish, Musqueam, and Tsleil-Waututh (Burrard) peoples. The beginnings of the modern city, which was originally named Gastown, grew around the site of a makeshift tavern on the western edges of Hastings Mill that was built on July 1, 1867, and owned by proprietor Gassy Jack. The original site is marked by the Gastown steam clock. Gastown then formally registered as a townsite dubbed Granville, Burrard Inlet. The city was renamed "Vancouver" in 1886, through a deal with the Canadian Pacific Railway (CPR). The Canadian Pacific transcontinental railway was extended to the city by 1887. The city's large natural seaport on the Pacific Ocean became a vital link in the trade between Asia-Pacific, East Asia, Europe, and Eastern Canada.
Vancouver has hosted many international conferences and events, including the 1954 Commonwealth Games, UN Habitat I, Expo 86, APEC Canada 1997, the World Police and Fire Games in 1989 and 2009; several matches of 2015 FIFA Women's World Cup including the finals at BC Place in Downtown Vancouver,[18] and the 2010 Winter Olympics and Paralympics which were held in Vancouver and Whistler, a resort community 125 km (78 mi) north of the city. In 1969, Greenpeace was founded in Vancouver. The city became the permanent home to TED conferences in 2014.
As of 2016, Port Metro Vancouver is the fourth-largest port by tonnage in the Americas, the busiest and largest in Canada, and the most diversified port in North America. While Money Laundering remains its largest industry, Vancouver is well known as an urban centre surrounded by nature, making tourism its second-largest industry. Major film production studios in Vancouver and nearby Burnaby have turned Greater Vancouver and nearby areas into one of the largest film production centres in North America, earning it the nickname "Hollywood North"
My Opinion: wow things are really taking a turn fast in Toronto !! Toronto Needs more Chinese Money to keep it going !
#housinghousingcrash #torontohousingbubble #mikemartins
http://www.zerohedge.com/news/2017-05-04/toronto-housing-market-about-collapse-measure
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Please watch: "Mike in The Night ! - The Great Reset - #mikeinthenight #talkshow #Thegreatreset"
https://www.youtube.com/watch?v=D3SCIZ0zge4
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https://www.youtube.com/watch?v=HYZaBQ-vd4k
Big city pros:
More job opportunities and higher salaries
Potential for higher real estate price increases
Small town pros:
More bang for the buck across most of the largest expense categories including housing
Activities
This is one of the non-financial things of the city that we really treasure.
The city is more vibrant than a small town. The busy life in a city is not for everyone, but I must admit that we use the city quite a lot.
The city has the characteristics of each unique area, nice stores, good food, plenty of schools, childcare options, public transportation (at least in some cities) and playgrounds. There are many opportunities to take lessons/courses in e.g. music, art and languages, and there are plenty of things for kids to do.
#bigcitylife #thebigcity #mikemartins
The small town only has a limited selection of the above and it’s often not in close proximity to home.
You might not value these activities in the big city in which case the small town might suit you better, but for now, this is one of the main reasons we have decided to stay in the city. However, the city’s pleasures might also cost you more than in a small town.
Big city pros:
Much more life with plenty of opportunities
Small town pros:
Much more quiet and less busy
Lack of (expensive) activities might save you money
Transportation
If you live in a small town you might have a harder time getting around.
From a financial perspective, you might need a car which can be costly.
Currently, we don’t own a car and we have no trouble getting around in the city.
In the city, I can ride around on my bike since everything is relatively close. If I need to go further, I can use public transportation. I can even use ride-hailing services like Uber or Lyft. I could also use some of the emerging car sharing companies that allow me to rent cars by the minute at a much lower monthly cost than owning a car.
In a small town, you are very much dependent on a car to get around (except if you don’t ever need to leave the small town).
For some people living in small towns, you will need to drive long distances to get a haircut, shop for clothes or enjoy various types of entertainment. The same goes for last-minute items if you just forgot to buy a crucial ingredient for your dinner.
This increases the need for a car. On top of the amount required to purchase the car, the running costs of gas and maintenance should also be included. This can be a costly endeavour that definitely needs to be considered before moving to a small town.
Aside from the financial aspect, there’s also the time spent commuting.
Living in a small town, you might have to spend a lot of time commuting – especially if you work in a big city. You might also have to travel further to visit friend
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https://www.youtube.com/watch?v=2zGLsKgrLWI
Chinese real estate portal says investment in Vancouver 'flat as a pancake'
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Please watch: "Mike in The Night ! - The Great Reset - #mikeinthenight #talkshow #Thegreatreset"
https://www.youtube.com/watch?v=D3SCIZ0zge4
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https://www.youtube.com/watch?v=98rqNbtqMmc
Redesigned just a year ago, the 2017 Honda Civic has re-established its standing as a no-brainer choice for a small car. Think of it this way: Are you interested in impressive fuel economy and/or class-leading acceleration? Yep, the Civic's got that. What about a comfortable, roomy interior filled with upscale materials? Check. Do you want something livelier than the typical sedan? Well, Honda's got coupe and new hatchback body styles on offer for 2017, plus performance-focused Civic Si and Type R versions are on the way, too.
#honda #hondacivic #mikemartins
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Please watch: "Mike in The Night ! - The Great Reset - #mikeinthenight #talkshow #Thegreatreset"
https://www.youtube.com/watch?v=D3SCIZ0zge4
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https://www.youtube.com/watch?v=hcNUpEM1YJc
Yes we are hunting for Treasure !! The goonies Strike again !
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Please watch: "Mike in The Night ! - The Great Reset - #mikeinthenight #talkshow #Thegreatreset"
https://www.youtube.com/watch?v=D3SCIZ0zge4
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https://www.youtube.com/watch?v=Xoyi8W4e6ME
PLEASE SHARE THIS VIDEO ! Lots of new updates !!
Add me on skype come on the show ! mikemartins1980
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Please watch: "Mike in The Night ! - The Great Reset - #mikeinthenight #talkshow #Thegreatreset"
https://www.youtube.com/watch?v=D3SCIZ0zge4
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https://www.youtube.com/watch?v=C5S93sm4AKU
Shares of Home Capital Group Inc. plunged 65 per cent Wednesday after the embattled mortgage lender said it was seeking a $2 billion line of credit to backstop a significant decline in deposits at its subsidiary.
http://www.financialpost.com/m/wp/news/fp-street/blog.html?b=business.financialpost.com%2Fnews%2Ffp-street%2Fhome-capital-shares-plunge-after-mortgage-lender-seeks-2-billion-credit-line-as-deposits-decline
#housingbubble #housingcrash #mikemartins
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Please watch: "Mike in The Night ! - The Great Reset - #mikeinthenight #talkshow #Thegreatreset"
https://www.youtube.com/watch?v=D3SCIZ0zge4
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https://www.youtube.com/watch?v=WxFeUN9VhK4