Tamara Taggart: When you want to buy a home, you want to buy a home now..!
Linda Steele: You do
T: …you don’t want to wait until 2013. Oh and, by the way very nice apartment [featured earlier in clip] they were looking at, I like it a lot
S: I know…
T: Gorgeous…
S: They didn’t buy it, by the way..
T: Oh, so it’s still on the market! (smiles and waggles head) … What about off-shore people… are they jumping at prices?
S: Well, that’s kind of a fiction, the Chief Economist of the BC RE Board says not true, a lot of people have heard these rumours, but only 2-3% of the buyers are foreign investors from mainland China, the vast majority are just recent immigrants who bought homes to live in and they are your neighbours and they’re staying.
T: There you go, thank you… Real Estate stories are always great, they never get tiring, you know? Thanks a lot.
– from ‘Is Vancouver’s housing bubble about to burst?’, CTV 27 Sept 2011 [time 2:50 onwards]
“On the one hand, I love real estate; on the other hand, real estate is fabulous!”
Taggart demonstrates the excitable frisson that many owners of appreciating homes in BC demonstrate for the sport of Real Estate.
Watch as glee turns to disgust in coming years.
Hardcore contrarian bears will only consider buying when CTV ‘news’ is completely and utterly devoid of any RE stories.
– vreaa
Vancouver Real Estate Anecdote Archive 
Local girl Tamara Taggert. I’ve never been more proud of BC than at this moment. You stay classy, Vancouver!!!1!
God, I am so sick of Tamara Taggart, her incessant Vancouver cheerleading is nauseating, never-ending drivel, it makes CTV evening news un-watchable.
“Taggart and Genn bought their then-three-year-old two-storey house in August 2008.”
– Vancouver Sun, 6 May 2011
“Not that she has much time to do that these days, although she continues her tradition of buying magazines each Friday — design magazines, Vanity Fair, Vogue, People and, now that she’s a news anchor, Newsweek, Time and Maclean’s.”
A news anchor that reads Newsweek, Time and Maclean’s.
mind=blown
Tamara Taggart made me stop watching the 6 oclock news. Colleen Christie is great but Tamara should never speak. Hearing her report serious issues makes me extra sad for those serious issues.
Apparently she’s very arrogant in person, who pretends to care about BC…perfect Tea Party candidate if she was an american.
You may regret that foreshadowing when Canadian media personalities get into politics, oh, wait, Christie errrr…..
Well, I can’t resist returning, even if I am less expert about so many of these issues. However, what I’ve seen from my own “research” suggests that “The Chief Economist of the BC REA Board” might want to augment his own by getting out there and trying to rent on the West Side. Ask HOW LONG some of the new owners are going to “stay'” and what constitutes “staying.” Ask HOW MANY HOUSES they own. Also, have a look at how many houses on the West Side seem entirely unoccupied by either owners or renters.
3 Years in 5 years rule and there are even ways around that! Actually a lot of them will be occupied once their kids reach senior high school or university age, assuming the parents haven’t gone bankrupt yet. When that happens, it’s block partying time with all the luxury cars you can think of and people who are complaining about absentee owners and lack of neighborhood vibe/soul would instead complaining of too much night life and energy!
Vesta -> Expertise is not a necessary prerequisite to being able to post here.
😉
Sincerity is smiled upon, though.
Yeah, interesting slant here on the foreign buyer issue.
It seems bulls have realized the vulnerability that comes with claiming that offshore buyers are rabid for Vancouver RE (they can disappear), so are now taking a “they’re innocent homeowners” approach, which implies more stability. Regardless, regular readers know that we see almost all current buyers as speculators, to a greater or lesser extent.
Note, too, in the full CTV clip that the buyers were emphasizing that they wanted the condo for long-term utility, but also that they were ambivalent about buying now because they were considering the possibility of a pullback in prices. How such prospective buyers will respond in the face of an actual pullback is debatable … some will buy, some will back off further (if it can drop 15%, how much more can it go?)… How large are those two groups?
Thanks, host! I’ll venture another post….
“GETCHYER KOOL-AID HERE!”
The vanguard VREAA posted this interview above today, with the following exchange:
T: What about off-shore people… are they jumping at prices?
S: Well, that’s kind of a fiction, the Chief Economist of the BC RE Board says not true, a lot of people have heard these rumours, but only 2-3% of the buyers are foreign investors from mainland China, the vast majority are just recent immigrants who bought homes to live in and they are your neighbours and they’re staying.
But today I also saw the cover article for The Real Estate Weekly, with the title “Buyers Can Still Purchase With 5 Percent Down” (cf. KoolAid). It contained a quote from someone named Sherry Cooper, chief economist at BMO Capital Markets. See below:
“While there has been an inordinate rise in house prices in some regions of the country, Cooper notes much of the demand for Canadian homes is coming from foreign investors who aren’t reliant on mortgages to make their purchases. ‘As anyone who has been involved in the housing market [knows? sic], there seems to be tremendous interest in our markets by foreigners who want to diversify their investment and see Canadian real estate as a positive and affordable — believe it or not — opportunity.'”
Am I, like Winnie the Pooh, a Bear of Very Little Brain, or might anyone be confused by these blatantly contradictory claims? Host, I think you’re right about the bull from some bulls.
If you parse carefully, this is what you get:
“The Chief Economist of the BC RE Board says… the vast majority [of buyers] are recent immigrants”.
Correct.
But that is Steele’s wording and may not reflect what the CE of the BCREB said or thinks.
Regardless, it’s likely incorrect; the majority of buyers are almost definitely still locals.
But that is an odd statement; there were data showing average family moves 5 times or something like that, so something isn’t adding up.
Obviously if immigration is 40k and sizeof household is 2,4 that is about 16k transactions due to flux. Where do the others come from…?
Taggart is interesting in that she’s made entirely of space-age plastics!
Couldn’t believe they’d hired this total drone to do entertainment updates or whatever it was she did a decade ago. But to make her a newscaster? Stunning.
VREEA, I can’t see MSM “news” ever being completely free of overly rosy, misleading/deceptive RE stories. I posted over at VCI the other day that my long-standing complaint against Global – the one I’d pushed to go to a CSBC panel review – had finally been decided. The verdict, sadly, was innocent. But my God, the lengths the final report went to to spell out *why* Global was innocent. Several pages of on-air incidents purportedly proving that Global airs both sides of the story. They must have a team permanently dedicated to justifying their slimy links with what must surely be their primary advertiser.
The key passage from that long-winded decision was this, and I quote: “It is up to *them* (the broadcasters) to determine what is newsworthy and what is not.” Essentially, once they’d said this, it was all over. Global decides what’s newsworthy and that’s that. Call me naive, but I’d expected more.
At the very least, I forced Global (and the CRTC and the CSBC) to listen to my point of view and to deal with me over and over and over and over again. And yes, I’m going to file yet another complaint. Just in the midst of choosing which recent pile of RE PR posed as news to focus on.
Anyway, IMO, as the correction unfurls, do we really think the real estate industry will stop advertsing? No. Do we really think the backroom deals between the MSM and the real estate industry, whereby the former continually paints overly rosy pictures of the housing environment in exhcange for advertsing dollars, will end? No. Hell, if local prices take a 20% dump and real estate becomes toxic, they’ll be there telling us why NOW is the best time EVER to get into it. So as I say, I can’t ever see MSM “news” outlets ever being free of real estate bullshit.
Unless, of course, enough of us file complaints to fight what we KNOW is wrong.
Gord, thanks for the post: we have followed your discussion at VCI.
Good work.
I suppose what I’m referring to here is the sentiment demonstrated by Taggart and how, when bubbles burst, that peppy-optimism disappears, and mood turns more and more sour until, at bottoms, the asset class is vilified.
You’re right, of course, there will always be people trying to sell RE. We may still see ads/faux-news pieces, but it will probably be a lot harder to slip that kind of thing by the general citizenry. The emotional tone will definitely change. We would expect all presenter RE banter to disappear.
VREAA: Agreed. Indeed, we already see it changing. If an MSM “news”caster had even dared utter the word “bubble” a year ago, they’d have been tossed mercilessly into the rotating blades of Cam Good’s multi-billion dollar chopper fleet.
Yes, having to listen to this sickening sweet drivel on CTV, Global (among others) can certainly get on one’s nerves even at the best of times. I don’t blame Tamara as she is very good at what she does and gets compensated accordingly. As an alternative, I occasionally tune into sports/news radio to both catch up on my current events and keep tabs on how often they run those annoying jingles for the likes of Alpine Credit, Capital Direct et al.
“Consolidate your debts into one low monthly payment. Renovate your home. Start a business. Or even go on a holiday. Call us and a dedicated lending advisor will help you get a loan. Unlike the banks, we can often have your loan approved the very same day, regardless of your credit.”
I got to meet her in probably 2005 when working at the PNE. She was doing a bit where she did a different job every day. I worked in the barns and got her all set up and whatnot. I wont comment on her as a person but that day did give me one of my favourite memories ever. She was in the petting zoo with a big bowl of food reading the weather and all the kids were gathering around her because all of the animals were there for food. As soon as the screen shown in TV cut to the 5 day forcast or whatever she started pushing all the kids away while still talking about the weather. 2 kids left crying and their parents were not impressed.
Word on that. Tamara is a great icon for Vancouver. No sarcasm or joking.
Eric Dwyer is/was one of my favourite local casters because of his dry wit. He would have been a great yang to Tamara’s yin.
Tamara has a house 3 kids and a great job; things you pathetic posters only dream of. All the alleged brain power and supposed wealth here – I guess it’s better to be lucky than smart. What a pathetic lot.
Worst troll ever. babyTrollJesus cries because of you.
LOL!!! “Troll” dude probably defends Paris Hilton and Sarah Palin too.
Tamara Taggart was born blessed with good looks, which is one of the key job requirements for a newscaster. No one will dispute that beautiful people can make good money in this world.
With negative real interest rates, money is basically free. The link has been severed between how much money you can spend and how much money actually you have. She chooses to buy a house and I choose not to: this says nothing about our net worths.
She’s maybe a little bit cute but seriously I never considered her to be hot or even much above average.
I have hard time not staring at Linda Steele’s nose. It looks like a misshapened piece of silly putty crudely attached to her face.
Beside the sad story of they guy shooting himself dead, look at what his $2.5 million house on Long Island looks like.
“ReiJane Huai, 52, fired a single bullet into his chest outside his $2.5million home in Long Island, at around 9am.”
http://www.dailymail.co.uk/news/article-2042415/Former-FalconStor-executive-ReiJane-Huai-shoots-dead-lawn-home.html
For that price in Vancouver, you get that:
http://www.realtor.ca/propertyDetails.aspx?propertyId=11140597&PidKey=408168413
Wow, someone with an actual sense of shame.
Condolences to his family and friends.
I remember Tamara Taggart as a CFOX 99.3 “Fox Rocks” girl cruising around in the CFOX SUV. She was nice back then, but somewhere along the way she got way to big for her britches and is, apparently, a total [expletive deleted. -ed.] (according to people I know at CTV). The consensus amongst them is that Mi-Jung Lee should’ve gotten the job alongside Mike Killeen.
I remember her on HGTV (house porn) doing some show based in Vancouver. I didn’t really like her as a weather forecaster – did she have any experience in meteorology??
Tamara Taggart is the perfect for anchor for the Vancouver market… All style, superficially appealing and absolutely no depth whatsoever.
I stopped watching ctv since tamara taggart so does my friends and relatives. she is not a journalist
women stopped watching, men started
REMOVE TAMARA TAGGART AND I WILL START WATCHING CTV AGAIN AND SO DOES MY FRIENDS AND FAMILY
Patti, I tend to agree with comments re-Tamara hosting ctv 6:00 news, we find ourselves switching to CBC,or global when she’s on, not sick or another night off, so does family & friends , it’s to bad that no one at ctv gets this ,why??
Her smart-ass attitude makes me sick, always looking to cheap shot Mike.