With more than 15,000 members, it’s the largest military presence seen in western Canada since the end of the second world war, an appropriate measure only if one imagines al-Qaida are set to descend from the slopes on C2-strapped snowboards.

Current score: 1 (to vote for this comment, please visit the site)

“I have a feeling that inflation is over your head. Mortgages don’t go up with inflation. They go down in nominal terms. Houses prices can drop in real terms and an owner can still be ahead in nominal terms, which is all that matters.”

Wow, you really don’t understand the difference between real and nominal prices, do you, Dave? No, with inflation mortgages go down in real terms, which is one of the benefits of paying off a mortgage during periods of high inflation.

Current score: 4 (to vote for this comment, please visit the site)

I took a dump tonight and noticed that there was more useful information written on my turd than in yesterdays’ Sun.

Whoever says newspapers don’t know shit might be on to something! No self respecting dead fish would be caught dead wrapped in the Sun!

Current score: 6 (to vote for this comment, please visit the site)

Current score: 5 (to vote for this comment, please visit the site)

Current score: 2 (to vote for this comment, please visit the site)

Current score: -2 (to vote for this comment, please visit the site)

Current score: 1 (to vote for this comment, please visit the site)

Current score: 2 (to vote for this comment, please visit the site)

Current score: 0 (to vote for this comment, please visit the site)

That was just some random guy taking the piss out of Informer10 (note our regular ‘contributor’ is Informer10 and this guy is Informer5).

Current score: 0 (to vote for this comment, please visit the site)

Do you live at woodwards smart guy?

iz werst when preten stupid I do or be Dave and rent is going up and I really believe this because I just said it so now it’s true and remember the metrics… Ignore the stars like drachen, patriotz etc. and listen to my intentionally stupid posts cause I’m Dave/Satv/John/Dosh
All the same idiot iz him

Current score: 3 (to vote for this comment, please visit the site)

Current score: -2 (to vote for this comment, please visit the site)

“Due in part to rampant intravenous drug use, the area’s HIV rate is the worst in the developed world, said International AIDS Society president Dr. Julio Montaner. The HIV rate qualifies the Downtown Eastside for World Health Organization epidemic status, he said.”

Current score: 4 (to vote for this comment, please visit the site)

“This neighborhood is the most concentrated drug and poverty ghetto in North America, with high use of heroin, cocaine and methamphetamine,”

Current score: 5 (to vote for this comment, please visit the site)

Current score: 2 (to vote for this comment, please visit the site)

just another example that undercuts pretty much everything he has to say.

Current score: 8 (to vote for this comment, please visit the site)

Wage inflation usually goes up in high inflation. That’s what happened in the early 80’s.

A few other things happened in the early 80′s. Like “restraint”, the Fraser Institute, Kerkoff Construction, Ronald Reagan, etc.

Anyone who thinks wages would track increased inflation this time around is dreaming.

Current score: 6 (to vote for this comment, please visit the site)

Current score: -4 (to vote for this comment, please visit the site)

Current score: 3 (to vote for this comment, please visit the site)

http://www.theglobeandmail.com.....le1450088/

Current score: 1 (to vote for this comment, please visit the site)

Current score: 10 (to vote for this comment, please visit the site)

I’m with you. My financial situation is this:

- A property in the UK (my original country before work then marriage brought me here a couple of years ago) almost paid off after owning it for 10 years – worth maybe $230,000
- Savings of $50,000
- No pension
- No investments
- No debt
- Self-employed income varies from 20,000 to 60,000. partner more secure up to 70,000 income

So we have an income of 90,000 to 130,000 and a downpayment of 280,000 and I’m still not touching real estate in Vancouver – vastly overpriced. Much better to rent for $1300 indefinitely. Like you I could buy in another country or another part of Canada (I even like Toronto) but I’d rather rent here. I like to think my frugal, but enjoyable, lifestyle of many years will pay off eventually but at this point I expect never to own property in Vancouver. Houses in decent areas are too expensive and I refuse to pay the ridiculous fees attached to condo ownership. I can see myself maybe owning a vacation property and just always renting in vancouver – if you want to live in a nice area in this city you either rent or mortgage your life away.

Current score: 15 (to vote for this comment, please visit the site)

I think the government will either inflate the economy or keep interest rates low.

One, inflating the economy will not inflate wages, and only higher wages will support today’s house prices.

Two, you need capital inflows as well as low interest rates to support inflated house prices. CMHC’s mortgage obligations are growing exponentially. What does that mean?

Our economy just could not handle a crash ala the USA

With respect to BC, I couldn’t agree with you more. But unfortunately, the causes are already baked in the cake.

Current score: 10 (to vote for this comment, please visit the site)

Current score: -6 (to vote for this comment, please visit the site)

Are there stats rental rates for non-purpose built rental units (basement suites, etc)?

Never mind the informal rental market, the official statistics show declining real rents.

http://cuer.sauder.ubc.ca/cma/.....couver.pdf

Current score: 7 (to vote for this comment, please visit the site)