Funny that two countries with the lowest population to land area ratios have the most inflated housing bubbles… I haven’t been able to figure that one out.

China property market on the slide.

Will the leeches start to hit the bid here?

I dunno, but I see a lot of bright and shiny For Sale signs in my westside hood.

Bring it. Hope the Duckett get burned (financially) .

Just announced – TFW to be cut in half next year. However who wants to bet with me that when the pipeline gets started the oil companies will say Ukranian, Irish and Mexican workers will be needed because they aren’t enough ‘skilled’ welders etc in BC.

@2 “Funny that two countries with the lowest population to land area ratios have the most inflated housing bubbles… I haven’t been able to figure that one out.”

Both countries can absorb foreign investment and immigration and have for decades. Easy credit and low interest rates is inflating housing prices.

@5 “So I guess Canadians who can’t find work in their chosen careers should be grateful they now have a better chance at Timmy’s or McD’s.”

What Canadian workers need is a wake up call. Time to start working harder, putting in full effort at work. Maybe people didn’t notice when manufacturing jobs were shipped over seas due to low productivity in the past. Now the jobs like construction which can’t be shipped over seas are at risk. Time for workers to pick it up so they aren’t replaced with harder workers. I would love to see TFW used as teachers. I bet the TFW would put in more than a 5 hour day for 9 months per year without complaint. Those teachers would be begging for their jobs back at half their current pay.

I find this website very interesting and his views on CA real estate is spot on:

http://capitalrev.com/2014/06/

Finally, this tower will make Vancouver a great city?

http://vancouverhouse.ca/

Sales office opens this Saturday! (by Westbank).

…..So I guess Canadians who can’t find work in their chosen careers should be grateful they now have a better chance at Timmy’s or McD’s….

This is really good news for Realturds – finally, openings in a career field that befits their knowledge and experience (with some training of course).

@ubc

I actually received an advertising/ sales package for this development at work. I have no idea how they got my name and work address (although I’m a professional and can be searched online) because I have never registered for a condo development in the past. They put a lot of money and time into this advertising as I was confused at first and thought it was for an art gallery. They must be mass advertising for this development if I received a package unsolicited in the mail. How many others have received this?

#15
Appears that Rennie is targeting posters on this blog as potential buyers.
With the Lee sisters gone, time must be tough.
I go and check my mail right away.
See you all at the presentation centre.
But better act fast. I’ll take the penthouse. 🙂

@ would-be buyer:

Got one as well. Has your name or company ever been mentioned in Business In Vancouver? Suspect someone may have gone through companies from the lists. Your company address is easy to find and your name is easy if it was in the mag, on linkedin or on your corporate site.

@ would-be buyer:
Got one as well. Has your name or company ever been mentioned in Business In Vancouver? Suspect someone may have gone through companies from the lists. Your company address is easy to find and your name is easy if it was in the mag, on linkedin or on your corporate site.

#15
I guess anyone with an income > $100,000 (!?) would get one of this ad package in the mail (e.g. all the doctor’s office).

The architect Bjarke Ingels is also a big promoter for the building, mainly aimed at overseas buyers, office in the following cities:

BEIJING

BEVERLY HILLS

HONG KONG

LONDON

NEW YORK

SHANGHAI

SINGAPORE

TAIPEI

TOKYO

TORONTO

RE: Vancouver House

The developer (Westbank) has 8 projects going in Vancouver, 1 in TO and 1 in Calgary – yet they have 1 sales office in Vancouver and 4 in Asia. They also have 13 Chinese sales reps (11 in PRC and 2 in HK).

In addition, Westbank recently announced that they would be offering a maintenance service for offshore buyers. For a fee, they will run the appliances, flush the toilets, run the faucets, etc.. These assholes are doing everything they can to make it as easy as possible for HAM to buy properties and keep them vacant.

@2 “Funny that two countries with the lowest population to land area ratios have the most inflated housing bubbles… I haven’t been able to figure that one out.”
“Both countries can absorb foreign investment and immigration and have for decades. Easy credit and low interest rates is inflating housing prices.”

They’re also the two most resource-rich countries. Check out the performance of oil and precious metals lately.

@crabman,

This is precisely where the line with foreign investment needs to be drawn.

Its psychotic to encourage developments entirely aimed at foreign buyers, that facilitate the buyers ability to keep the units vacant.

Vacancy rates in the city are dropping, prices high as ever, meanwhile prime sites are being developed and aimed at investors who are likely to keep them vacant – and even facilitate their ability to keep the units vacant.

Job description:
Flushing toilets in an empty condo tower.
Too degrading for locals.
Another career opportunity for TFWs.