FFFA! Exodus, Data, Finance, Sales

Hey hey looky here! It’s the end of another work week, and that means it’s time for another Friday Free-for-all!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

Housing data ‘dangerously incomplete’
Realtor Hunger Index still above average
Deputy finance minister retires
Moving to Hong Kong for better jobs
March stats roundup
Buy as many mansions as you can
Sunshine coast: 2nd worst March

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

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RealityCheck
Guest
RealityCheck

BC Health Ministry moving to put Carecard info on drivers licences.

Says 9 Million carecards out there for a population of 4.5 million.

Care to explain this one Patriots??

With the new high tech licences, they can cross reference digital picture so there will be no fraud that way.

Someone has been getting free healthcare….

Son of Ponzi
Guest
Son of Ponzi

it’s been well documented that there are twice as many care cards as Citizens in BC.
No wonder the Health Services are stretched to the limit by people misusing the system.

Gov Oliver
Guest
Gov Oliver

Can someone explain why detached home prices continue to increasein Surrey and North Delta? All while Townhomes and Condo prices have been flat the last 5 years.

Why the divergence?

Could it be that mortgage changes only affected the bottom of the market. The detached market seems unaffected. The only ones buying and selling detached are those that were in the market before or those that bring foreign money in. Yes?

Maybe land for detached is running out in Surrey?

patriotz
Member

@1: “Says 9 Million carecards out there for a population of 4.5 million.”

First of all why not give us a credible source for this. My explanation if true is incompetence on the part of Crusty’s government.

Second I haven’t been talking about how many people are fraudulently receiving Medicare but who is legally entitled to it. Two different issues.

Nanon
Guest
Nanon

The following FOI request documents it: http://goo.gl/GMmRya … 9.4 million “non-expiring” cards issued since 1993. And that doesn’t even include all of us who’ve lived in BC for far longer than that and got our cards years earlier.

Nanon
Guest
Nanon

http://www.christopher-parsons.com/checking-the-numbers-behind-bc-care-card-fraud/

Above link argues (compellingly!) that most of the excess is routine and shouldn’t have too big a deal made over it (replacements of lost cards, expired card replacements, name changes for people who marry, etc)

tedeastside
Member
tedeastside

in the UK its called the National Health…but British People call it the International Health because every third world free loader criminal on earth scams it …the entire Middle East, and Eastern Europe
is on UK benefits…

George
Guest
George

RBC has a new marketing campaign aimed at millenials who may be potential first time home buyers. The campaign is mock movie trailers on youtube. There is a drama, romantic comedy, and horror movie trailer about first time home buyers. I watched the horror one and it was pretty funny. It is titled “The Mortgage”. I don’t see how this would make any one run out and buy a house though and get a RBC mortgage.

http://www.theglobeandmail.com/report-on-business/industry-news/marketing/rbc-unveils-its-feature-presentation/article17815169/

pacupamu
Guest
pacupamu

Ok, I’m CBC (chinese born in canada), and seriously you guys have no clue. When my Mother and aunties get together the only thing they talk about is loopholes and how to take advantage of them.

A lot of it is innocent, like extreme couponing, but what you people don’t get is that finding loopholes, innocent and not so innocent, is a MAJOR discussion that Asians have, and we pass the tips we find to others. Finding and knowing these is a source of status in the community.

The same way white people get status from droning on about ‘unique experiences’ or brow beating you about some TED talk or documentary they watched, Asians get that from knowing about deals, loopholes, and ways to get around the system, and sharing that information with others.

registered
Member
registered

@9: One of my siblings lived in the SE Asian countryside for five years. It wasn’t uncommon to hear the locals say “move to Canada, those idiots will take care of you.”

registered
Member
registered

Re: Brad Lamb, who wrote about housing:

“It is because it’s the best place for the money to be and the best place for them to make money TAX FREE.”

Has Brad heard that mortgages have interest payments? Or RRSPs? Thirty percent return annually TAX FREE.

Bo Xilai
Member
Bo Xilai

A preview of things to come…

Condo price drop vaporizes couple’s life savings

http://business.financialpost.com/2014/04/04/condo-price-drop-vaporizes-couples-life-savings/

What we learned...
Guest
What we learned...

What we learned from this blog this week:

1. Sales of Westside SFH in March are flat year over year and up 38% combined with Feb, but the canceling of the IIP has made a huge impact because…
2. The sales numbers a falsified and…
3. Robson street is a baron wasteland of closed down retail stores, even though it commands the highest rents in Canada and is top 30 in the world for rent per sq ft.
4. Oh and lets not forget Chinese people are bad people because they immigrate here and then use our care cards fraudulently. Oh wait but if they immigrate they are entitled to using a care card so it is the ones who don’t immigrate who are using them and are the bad people or is it just all Chinese because well they are Chinese?

registered
Member
registered

@13: “baron wasteland” The Baron of Robson, is that Rennie?

Re: 4, BC Care requires those leaving the province cancel their Care cards. I didn’t know about that until two years gone when a low-life collection agency somehow got access to the BC gov’s outstanding claims. Care cleared that up and nulled my account but my card would still be showing as ‘excess’ otherwise.

ex-kitsie
Guest
ex-kitsie

CareCard fraud is so rampant that I had to bring two pieces of photo ID to Van General Hospital when I was admitted for scheduled minor surgery. Doctors probably don’t ask for proof of identity if you were to use a drop-in clinic but the hospitals certainly do.

Son of Ponzi
Guest
Son of Ponzi

(OT) Higher tipping percentages are great for restaurants. They can attract better servers at lower fixed costs. The server is then exposed to more risk, and the restaurant to less. They can also keep those fixed cost savings off of the menu price, so that the customer perceives the price as being low. At the same time, servers who have a larger percentage of their take-home pay dependent on tips will work harder. In addition, the customer who gives the larger tip, therefore helping to transfer risk to the server and reduce the restaurant’s fixed costs, gets to feel like a big shot and a benefactor of the server.
—————–
Well then, if high tipping is good for everybody, why not charge 50%?
As usual, there is an optimal point, one which restaurant owners should try to determine.

Son of Ponzi
Guest
Son of Ponzi

# 14
the Kondoking demoted to Baron.
About time.

Newcomer
Member
Newcomer

@SoP

I certainly didn’t say higher tipping was good for everyone. If I were king of the world, I’d outlaw it.

Son of Ponzi
Guest
Son of Ponzi

I certainly didn’t say higher tipping was good for everyone. If I were king of the world, I’d outlaw it.
———–
Agreed, like in civilized countries like Germany and Austria.

Babcoock
Guest
Babcoock

@fixie guy
i did not know that about canceling. I guess i have to call them. I thought that once you apply to care card in different province it notifies the other one of change.

UBC in crisis mode
Guest
UBC in crisis mode

A new (?) site to use MLS data: http://www.theredpin.com/

“As a result, TheRedPin.com is the first to provide access to nearly 120 more data-points on all residential MLS listings compared to Realtor.ca. And of course buyers get access to all of our 3rd party info – customized for every listing,” says Sadeghnezhadfard.

The company claims that this new addition makes TheRedPin.com, which offers homebuyers access to real time, for sale MLS® listings, the GTA’s largest database of residential listings for sale, with 13,000+ new condos and up to 21,000+ resale properties. ”

the article:
http://www.techvibes.com/blog/toronto-startup-theredpin-announces-access-to-mls-listings-in-the-gta-2012-01-10

registered
Member
registered

@20 Babcoock: That’s what I was told last year, it’s the card holder’s responsibility to notify the BC gov when you’re no longer a resident. Inter-provincial coordination would make a lot of sense and reduce that registration overage.

mac
Member
mac

Pacupamu,

Beautiful observation about TED talks. What a bore!

VMD@work
Guest
VMD@work

4/3/14 Van West SFH:
Sales: 8 (Month to date: 20)
New List: 19
Inventory: 796
1. 576 W 62ND AV, Marpole,ask$1,768,000,7days,assess$1,378,100*;
2. 1741 WATERLOO ST,Kitsilano,ask$1,745,000,10days,assess$1,192,700*;
3. 2117 W 47TH AV,Kerrisdale,ask$2,338,000,69days,assess$2,266,000*;
4. 3243 W 38TH AV,Kerrisdale,ask$1,958,000,11days,assess$1,762,000*;
5. 6755 LABURNUM ST,Kerrisdale,ask$7,390,000,49days,assess$4,543,000*;
6. 3590 W 23RD AV,Dunbar,ask$1,789,000*,11days,assess$1,673,000*;
7. 3546 W 29TH AV,Dunbar,ask$4,280,000,11days,assess$2,324,000*;
8. 2587 W 21ST AV,Arbutus,ask$2,498,000,60days,assess$2,159,200*.

* = above-asking or above-assessed

Xi's cab driver
Guest
Xi's cab driver

The State Of The Markets
http://wp.me/p2cZun-1K4

wpDiscuz