Jump to content
Sign in to follow this  
drbubb

LANDED Newsletter About Property Trends - from Chris Dillion

Recommended Posts

LANDED Newsletter : About Property Trends - from Chris Dillon

 

chris-1.jpg

 

DEC. 2015

 

Welcome to the December edition of The Landed Newsletter.

The newsletter highlights news items and resources that you can use to make better real estate decisions, whether you are buying, renting or investing. This month we look at the effect of lower oil prices on Canadian home prices, the continued growth of Airbnb, urban farming in Detroit, an innovative sale in San Francisco, and the importance of understanding local laws before buying property abroad. And the Landed books now have a mobile-friendly website

Your comments and suggestions are welcome, and you can follow me on Twitter and on Facebook.

 

Market news Canada

Stress tests by the Canada Mortgage and Housing Corporation (CMHC)—the government-owned body that sells insurance to residential mortgage lenders—indicate that if oil stayed at US$35 per barrel for five years, Canadian house prices would fall 26%. Within a few days, oil reached the $35 level for the first time since 2009.

The CMHC also said that in 2015, foreign ownership of condos had increased to 3.5% in Vancouver from 2.3% in 2014. The figures for Toronto were 3.3% and 2.4%, respectively.

November is usually a quiet month for sales in Vancouver, but this year saw the number of home sales increase 40.1% from November 2014. The average sale price of a detached home in Vancouver reached C$1.6 million (US$1.2 million) in November 2015.

China

As levels of air pollution soared, Beijing issued its first-ever “red alert,” closing schools, factories and construction sites.

Cuba

The United States and Cuba began discussions to resolve the outstanding claims of Americans whose property was confiscated when Fidel Castro came to power in 1959. Settling the claims is seen as an important first step toward ending the U.S. trade embargo against Cuba.

Hong Kong

In October, the government index tracking residential property prices in Hong Kong dropped 1.1% month-on-month, ending a 19-month-long rally that peaked in September 2015. The index is up 7.5% in 2015.
The indigenous villagers who were convicted of illegally selling their building rights in November were sentenced to jail in early December. Punishment this stiff is unusual, prompting speculation that the government’s small house policy may finally be reviewed.
The Hong Kong government cut its annual population growth projection from from 0.6% to 0.2%, because fewer people from Mainland China are settling here. In 2014, an average of 111 Mainlanders moved to Hong Kong each day, down from 149 per day in 2012.

Japan

Tokyo was again named the world’s dining capital in the annual Michelin guide. The city has 12 three-star, 53 two-star and 161 one-star restaurants. An additional 325 establishments were recognized for offering quality food at affordable prices.

At a Canadian Chamber of Commerce seminar on investing in Toronto and Tokyo property on December 3, I learned that the Japanese government is expected to review and tighten up tax regulations for nonresident property owners. Previously, foreigners owned such as small amount of Japanese property that policing them wasn’t really worth the effort.

When Japan’s electricity market is deregulated in April 2016, Osaka Gas and NTT Docomo will team up to offer bundled electricity and telecommunications services to residential customers. Tokyo Electric Power has a similar alliance with SoftBank, while Kansai Electric is reportedly working with KDDI.

Trends and ideas Airbnb

Growing tourist numbers and a shortage of hotel beds are driving Airbnb’s business in Japan. Some 525,000 foreign travelers stayed in accommodations booked through the company for the year ended in June 2015. As of November 1, Airbnb claimed to list 21,000 private properties in Japan.

Separately, Fast Company reports that small hotels are using Airbnb as a reservation service because it is less expensive than Expedia and similar booking services.

Self-driving cars

Self-driving vehicles will be widely available within the next 20 years and are expected to have a dramatic effect on everything from pubic transit policies to parking requirements. Urban planners are now looking at the changes that self-driving cars will have on the urban environment, changes that could also affect property prices.

Urban ranchers

Detroit continues to adjust to a shrinking population and a glut of vacant lots. Activists in the city are now working on a proposal that would let residents raise chickens, ducks, goats, rabbits, bees and sheep within the city limits.

Only in San Francisco...

A condo owner concerned about maintaining the character of her neighborhood sold her home for US$500,000 below market price. But there was one catch: the buyer had to sign a 10-year “cultural promissory note” to provide something of cultural value to the community or the vendor.

Mental health and urban planning

New research from Italy suggests that accessibility to public transport and a dense urban structure, could reduced the risk of depression, especially for women and elderly.

Legal brief

A Bangkok man could face up to 37 years in jail under Thailand's lèse-majesté laws for insulting the king's dog,

Landed news

The Landed books have a fast new website. The mobile-friendly site incorporates the updated design of the Landed books and includes a blog.

And speaking of fast, there's still time to order a Landed book before Christmas.

 

===

LG_3D_Cover.png

 

> see also: Dillon Communications : Landed website

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×