Derek F

Passion for the Economy 🏦
Explorer of Mountains 🧭
Driven by Real Estate 🏘

[Derek F @Derek__F_]

@BillTufts @SteveSaretsky @DougBebb Click bait article. Don't have the construction capacity to undertake anything remotely close to that number on an annualized basis.

[Derek F @Derek__F_]

@LTIkris What was LTV?

[Derek F @Derek__F_]

@wbmtnops Currently.

[Derek F @Derek__F_]

@owenbigland Rates have already dropped. Actively shopping rates and 2 and 3 year fixed are down 50- 60 points.

[Derek F @Derek__F_]

@AM730Traffic

[Derek F @Derek__F_]

@AM730Traffic Can confirm.

[Derek F @Derek__F_]

@owenbigland See any potential in rental restricted buildings that may get changed after Ebys announcement yesterday?

[Derek F @Derek__F_]

@vanreanalyst

[Derek F @Derek__F_]

@iamkennethchan Considering and actually doing are very different things. Speaking to friends that have actually went through with leaving Vancouver were surprised by A) How difficult it was emotionally B) How expensive moving is C) Realizing that the same job opportunities weren't there.

[Derek F @Derek__F_]

@jesse_kleine Comparing the last 30 year period vs. the future: the increased focus of the institutional investor on res RE, pop. increase directly driven from immigration, tighter lending constraints from banks and median income to median house price. Could lead to diviation from historic.

[Derek F @Derek__F_]

@CH4Lf @shaner416 @SteveSaretsky RE, IB, Tech.

[Derek F @Derek__F_]

@leo_shiraz @jesse_kleine Afghan Kitchen in South Surrey is another winner. Owner is unbelievable.

[Derek F @Derek__F_]

@stupidconstruct @jesse_kleine Remember the impact of major infrastructure improvements. Langley received Highway 1 and the new Port Mann. Golden Ears Bridge as well. S. Surrey still has that lovely tunnel. Tri City spill over to be only 15 mins down the highway for discount.

[Derek F @Derek__F_]

@SteveSaretsky @ericvanular Zoom out. Metro Vancouver is still an amazing place. Supply is still constrained. Huge population growth through immigration for the future. Municipal process is taking longer and longer for new supply. Short term noise.

[Derek F @Derek__F_]

@jesse_kleine Which project??

[Derek F @Derek__F_]

@eresc79

[Derek F @Derek__F_]

@elsenor305604 Langley Events centre. Lots of tournaments held there and kids from the Interior come in and need a place to stay.

[Derek F @Derek__F_]

@martytherealtor Cheers Marty. Lenders on the land side are definitely tightening up as well.

[Derek F @Derek__F_]

@NorthmanTrader We are $2.31/L in Vancouver, Canada.