FFFA! August, Prices, Flippers, Slumlords & Richmond

It’s that time of the week again, Friday Free-for-all time!

Lets do our regular end of the week news roundup and open topic discussion thread for the weekend, hear are a few recent links to kick off the chat:

–August Stats Summary
–Canada among ‘most bubbly’ in world
–BOC holds rate at 1 percent
–A quarter live paycheque to paycheque
–Real Estate doomsayers are wrong
–Regulator eyes tighter mortgage rules
–Realtor Hunger Index at 62%
–Most expensive house price down $25 mil
–Farewell Flippers in Trouble
–Sunshine Coast down 22.5%
–New Dyke standards hurt Richmond budget
–Arrest warrants issued for slumlord
–

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

117 Comments

newest

oldest most voted

Inline Feedbacks

View all comments

This page has plenty of great posts on fat loss

9 years ago

Woah this weblog is fantastic i really like studying your articles. Stay up the good work! You already know, lots of people are hunting around for this info, you can aid them greatly.

Son of Ponzi

9 years ago

# 112
This busboy will be one lucky fella.
Working for one of the poshest Hotels in the BPOE.
Some would even pay to work there. 🙂

Son of Ponzi

9 years ago

UBC = University of Beijing Columbia. 🙂

data junkie

9 years ago

And the winner for most disgusting display of capitalistic greed goes to… the Fairmont Hotel!

https://frhi.taleo.net/careersection/ext_fairmont/jobdetail.ftl?job=323083&src=JB-10760

That’s right, they’re hiring an UNPAID intern to be… a busboy. A busboy internship. What the actual fuck is happening to this country?

ChinaOne

9 years ago

My cousin please let them buy houses.

They at UBC and they led a cheer and it was not suppose to go public. Just like the washroom in a mall can videos.

My cousin are:

CUS President Enzo Woo

AMS President Caroline Wong

CUS VP Engagement Gillian Ong

FROSH co-chairs Jacqueline Chen and Jonathan Li

Please give them good job too.

Many Franks

9 years ago

Canadian Mortgage Trends comments on the recent “mortgage debt explodes” story: If you look at page S17 of this Bank of Canada document cited by Huffington Post, you’ll see a $259 billion jump in mortgages on bank balance sheets in November 2011. Roughly $250 billion of that was due merely to this accounting rule change. It wasn’t from new mortgages. Banks don’t even close that many mortgages in a whole year. It’s unfortunate that stories like this make it through editing and fuel unwarranted skepticism of mortgage lending. Luckily, top policy-makers are informed enough to see through this bunk… one hopes. And a couple of good comments in response, including this from Stats: Good catch… the article definitely exaggerates the numbers. But the debt growth is still pretty big: Take away $250B from $879B and you have $629B in June… Read more »

The Professor

9 years ago

Garth’s post tonight sounds a lot like this G&M article:

http://www.greaterfool.ca/2013/09/08/incredulous/

http://www.theglobeandmail.com/globe-investor/investment-ideas/strategy-lab/dividend-investing/you-do-the-math-almost-50000-in-earned-dividends-0-in-tax/article4599950/

tedeastside

9 years ago

i`d rather live next to people who piss in garbage cans than listen to Bruce Springsteen

Beuller

9 years ago

Is that 3 Road and Westminster?

As long as douchebags racing their satellite dads Lambos and no bikes that’s manageable.

https://www.facebook.com/photo.php?v=517414514995838

logic

9 years ago

ILoveCharts Says:
September 8th, 2013 at 3:43 pm 103
I’m white and I’d rather live beside a Chinese grandmother who hasn’t yet adopted to the cultural norms of our country than a racist.
———–

That is a very racist thing to say.

Toilet Trained

9 years ago

I don’t believe it’s racist to criticize the unsanitary practices of other cultures, especially if members of that culture want to move here. Shaming people helps them adjust.

Plus, Hong Kong people make the same criticisms of their Mainland ethnic kin;

http://badcanto.wordpress.com/spot-the-mainlander/
http://sg.news.yahoo.com/china-boys-public-urination-peeves-hong-kongers-110418118.html
http://chinalert.com/2010/10/03/mainlander-shits-in-hong-kong-shopping-mall/

Toilet Trained

9 years ago

I don’t believe it’s racist to criticize the unsanitary practices of other cultures, especially if members of that culture want to move here. Shaming people helps them adjust.

Plus, Hong Kong people make the same criticisms of there Mainland ethnic kin;

Chabar

9 years ago

As long as douchebags racing their satellite dads Lambos and no bikes that’s manageable.

https://www.facebook.com/photo.php?v=517414514995838

ps. watch the white shirt guy.

Anonymous1

9 years ago

Post 102.

Hope that video wasn’t in Canada!!

Otherwise J Kenney has some explaining to do. I’m sure some TFW working in mansions as nanny’s get daily beatings…as people with less money are considered less important in those cultures.

Once they have the majority, Caucasian nannies will also get beatings. My prediction.

I got downvoted last year for suggesting Chinese let their kids go to washrooms everywhere, even in malls.

ILoveCharts

9 years ago

I’m white and I’d rather live beside a Chinese grandmother who hasn’t yet adopted to the cultural norms of our country than a racist.

The Key Real estate

9 years ago

Potential Vancouver Condo buyers.

http://www.youtube.com/watch?v=44J15QGhxlE

Coming to a neighbourhood near you.

It is what it is...

9 years ago

Also, we assume that people abide by their visa requirements and voluntary leave when their papers tells them to. We will know once the new system comes into place whether this is true.

It is what it is...

9 years ago

Jesse,

Your comment copied below exudes ignorance. I work for the Federal government and can tell you that Canada does not have accurate numbers for Temporary, Visiting, and Permanent Residents! What we do have data for is the “Total Number of Entries” at Canada Border Services stations at Ports, Airports, and Land crossings.

We don’t have an Exit Tracking system yet to identify who leaves Canada. We are working on one but it is several years away. As of right now, we simply don’t know who has overstayed their visa.

———————————————————————-

“You can get records of both temporary, visiting, and permanent residents from the “official” government sources.”

It is what it is...

9 years ago

Post 97 and 98:

Prices are being raised because demand is increasing with respect to the “haves”.

Buddy of mine bought 600 acres of farmland a few years back on the outskirts of Regina. Just sold them for triple, yes triple, the price.

He is looking for a house in the $2 Million price range now.

Do you really think a “have not” has the means to buy $1 Million dollar homes anymore. These blogs are becoming laughable.

Softy

9 years ago

Lots of people are raising their listing prices in response to the red hot market of late. Look at this unlivable dump now listed for $1.088M:

http://www.ecorealtyinc.ca/listing?id=260498222

Used to be 100K less on June 15:

http://lower.yolasite.com/vancouver.php

UBC in crisis

9 years ago

On the west side, if you cann’t sell, then increase the price:

After a few months on the market for $3,990,000, this old house is newly listed for $4,380,000:

http://www.estateblock.com/vancouver-real-estate/1988-western-parkway-vancouver-bc-v6t-1v5-mls-v1025778-1.html

Clive

9 years ago

http://oilprice.com/Energy/Energy-General/Chinese-Energy-Companies-Continue-Canadian-Acquisitions.html

Having recently acquired important stakes or out-right ownership of major Canadian energy firms, Chinese companies are now continuing their penetration of Canada’s energy sector by targeting the juniors.