Could we get some big companies here?

This is an interesting post over at medium- basically positing that high home prices in Vancouver threaten it’s future, and proposing a tax to try to change that risk:

The secret that no-one actually wants to talk about is that the quality of a city is mostly determined by a simple factor — the number of smart, ambitious people who live there. These people are the ones who want to drive that city forward by investing in opening businesses, donating their time to the arts & community, participating in city planning, etc… Without them, growth wouldn’t happen and you wouldn’t get all of the benefits that great cities enjoy.

The biggest contributor to the decline of a great city is simple — it’s the decline of those smart people. When they decide that the cost of living in a place outweighs the benefit, they move. They don’t just take their money with them, they take their intellectual and future capital with them. This is dangerous. When people aren’t willing to make an investment in a place to live any more, the city doesn’t just lose their taxes for the year, they lose a massive function of potential jobs created, culture added and future capital they can put to work.

There are two issues here: the generation of local business opportunity and an attempt to draw established business head offices to town.

What do you think of a proposal for a housing tax that attempts to encourage economic development?

oldest most voted
Inline Feedbacks
View all comments

Stunning story there. What happened after? Good luck!

Feel free to surf to my site Dog Walker

visit website

I have got find out several perfect information in this article. Definitely price book-marking pertaining to revisiting. I wonder just how much attempt you add in making this sort of excellent informative web-site.


I see a lot of interesting posts on your blog. You have to spend
a lot of time writing, i know how to save you a lot of time, there is a tool that creates unique, SEO friendly posts in couple of seconds, just
type in google – laranita’s free content source

Here is my homepage :: Crissy

related web page

No other backlinking program is as powerful as No Hands SEO of promoting your whole website provided you should have, you are able to set the actual backlink level of quality, how many links you want every day and what anchorman texts you would like for every single page on your entire how do people obtain search rankings possible for your internet site.


“The number one concern for our city should be to invest in the right kind of people for the future.”

I like the sound of this. Has a nice rhyme to it.


Outstanding quest there. What happened after?
Take care!

Here is my webpage: this hyperlink


You are aware of as a result noticeably in terms of the following subject matter, helped me separately think about the idea at a great deal of several angles. The such as individuals are certainly not intrigued with the exception of it is something with regards to Kesha! Your very own stuffs great. All of the time keep it upward!


#95 patriotz: No doubt, CMHC has some influence. But it does not explain the difference in the two markets. In Seattle, mortgages are tax-deductible. Not here. And Seattle, you may have heard, is the epicentre of a sector that has produced more multi-millionaires than the first 100 years of the industrial revolution did in total — these are real people with documented wealth…not black helicopters full of alleged Asians. And these people tend to stay in Seattle, where the start-up tech scene is on a rolling boil. Gvien its unidentifiable economic drivers (other than teaching yoga, dog walking and home renovation work (talk about a circular argument!) Vancouver might rationally be, on a good day, 1/2 to 3/5 the price of Seattle, with the current CMHC rubber stamping press (temporarily) swelling those figures upwards maybe 25%. The remaining price differential… Read more »


^^^ Looks like someone missed the irony.



‘…….because the CMHC stopped ensuring mortgages over $1 million and house prices in vancouver collapsed.”



The applications of about 60,000 would-be immigrants – about 80 per cent of whom were mainland Chinese who filed their applications in Hong Kong – have now been formally scrapped.

Next great thing would be to “clean the house up”, review IIPs that managed to get in and if they don’t contribute (have valid businesses, paying taxes) send them back promptly, cancel status whatever is it. Those pests are just the bad disease on already decrepit organism.


it’s the CMHC. the CMHC is the reason why houses in vancouver are double the price of houses in seattle.

so, if you have a $1 million dollar house, $500,000 is actual value and $500,000 is CMHC distortion.

HAM isn’t a factor. we know this because the CMHC stopped ensuring mortgages over $1 million and house prices in vancouver collapsed. now there are hardly any houses over $1 million for sale in vancouver or lower mainland.



According to Port Metro Vancouver they support about 38,000 direct jobs, which interestingly is about the same as Microsoft’s payroll in the Seattle area. And Seattle has a pretty big port too.

So why should house prices in Vancouver be twice those in Seattle?

Guy Smiley

Haha David you are amusing. I did read it. Congratulations! You can plagiarize from the internet and use a thesaurus! Your post reeks of effort and I’m quite certain you composed it in a hot rage after the previous go-around about Detroit. Thank God Patriotz provided a segue back on to the topic so you got the opportunity to use it.

Now go relax before you have an aneurysm. I can see you arteries pulsing with anger from here.


“800 global mining firms”

Don’t forget the part where we’re the 4th largest port in N America and Canada’s gateway to the world’s leading economies.


edit: read 84…putz.


#88…read #82. Just read it. Now….reply to it with something more than childish gibberish.

Or give up and go away because you’re an utter putz.

Randy Randerson

Looks like it was a total non-event afterall. I doubt those Chinese millionaires understand that they can threaten regular Joe’s with a lawsuit, but they can’t do the same with a sovereign country. Their lawyers probably got rewarded handsomely for doing some pointless legwork.

“Hey, at least I tried, guys. Now where’s my cheque?”

Guy Smiley

Immature and juvenile? I know you are but what am I?

But you’re right David, I’ll try make my posts more like yours – charming, reasoned, insightful and totally not defensive.


Guy: You really got nuthin’, do you? No insight, no reasoned arguments. Not even any disarming humour. Nuthin’. Just immature, juvenile, defensive BS.

And that’s the entire case for Vancouver RE, isn’t it? Petrified, thin-skinned navel gazing.


Live in a new condo (esp. in Toronto) and risk exposing yourself to asbestos. From the Globe and Mail: “Pipes containing asbestos are being installed in new condominiums, hospitals and high-rises in Canada, despite widespread health concerns that have led many countries to ban its use… A key concern is that many workers, tenants and owners may not know asbestos materials are in their buildings, raising the risk of accidental exposures particularly in the event of a fire, or as the materials start to deteriorate… The Globe and Mail visited a dozen construction sites in Toronto, Markham and Vaughan, from luxury condos to commercial offices. Asbestos-cement pipes were being installed in at least eight of the sites, principally for drainage… Tom Kelly, president of Inscan Kaefer Inc., an insulation and asbestos abatement company, says it’s incongruous he’s being asked to… Read more »

Guy Smiley

To paraphrase a famous line from a Vice Presidential debate: I’ve been to Vancouver, Mr. Senator. Vancouver is no Detroit

He was here for almost 48 hours and never got mugged or shot at. That’s why he said it.


#82 Patriotz: “…it wasn’t that long ago that Detriot thought it was at the top of the world, too,”

Here’s the discrepancy, though…..Detroit had a substantial, easily measured, productive base of fundamental industrial activity that justified perfectly rational estimates of every facet of Detroit’s ‘value’. What Detroiters “thought” didn’t actually enter into it.

In comaparison, today’s Vancouver has what? 1) Wild arm-waving about unmeasured hordes of Chinese investors 2) Realtors advising people that property here simply has no upper limit on valuation 3)global economic weakness that requires completely unsustainable lending rates and accessibility.

To paraphrase a famous line from a Vice Presidential debate: I’ve been to Vancouver, Mr. Senator. Vancouver is no Detroit.”


As I learned from one insightful patron on this messageboard just days ago, Vancouver is home to more than “800 global mining firms”. So there’s probably just no adequate office space left for any other companies to set up shop there.

Bwa ha ha ha ha ha!


The 43,634 Detroit Properties That Were on the Brink of Foreclosure

This mosaic of images captures the scale of Detroit’s challenge. As of January, the owners of these properties collectively owed more than $328 million.

“Foreclosure” in this article means tax sale.

Look at the numbers. These properties owe an average of about $7500 in taxes each, yet the owners are unable or unwilling to pay. In Vancouver, even the worst of them would go for $500K or more.

Not that I think Vancouver is headed for this anytime soon, but it wasn’t that long ago that Detriot thought it was at the top of the world, too.