FFFA! Little Mountain, Debt, Holidays & Heritage

Boo!

You made it to the end of another week and here at VCI 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:

Canadians spend more on housing
Heritage drives down prices
Using tax dollars to boost economy
The little mountain that couldn’t
Holidays are for losers
TFW program not so curtailed
Swedish bubble test case?

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

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space889
space889
5 years ago

@92 – Right on and excellent post…..I seriously don’t get why people think nanny’s making $30K/year pays more in total tax than someone who pays $30K/year in property tax alone! Never mind all the GST/PST on everything else.

And this family reunificiation is a huge cost issue for provincial and municipal governments for health care and education. Yet, people are cheering on this type of immigration as good for the country?? Why? Because Philippinos speak English with less accents than Indians and Chinese, and their women loves to marry white guys more??

@CHIP
@CHIP
5 years ago

HALLE-FRICKIN-LUJAH

Finally someone with a brain in their head post something about immigration. Of course soon to follow will the usual idiots crying racism about a immigrant criticising immigration. Our immigration system is completely flawed and is mostly geared around putting something with a pulse into a freshly built condo. The government couldn’t care less about the long term costs and negative effects because they wont be around when they are realized.

southseacompany
southseacompany
5 years ago

“Lower Mainland to see declining housing sales in next two years, says CMHC”, Business in Vancouver

http://www.biv.com/article/2014/10/lower-mainland-see-declining-housing-sales-next-tw/

“Housing sales will slide over the next couple of years, according to the Canada Mortgage and Housing Corporation’s (CMHC) fall market outlook. While 2014 sales are expected to reach 32,800 units, this will slip to 32,250 and 31,600 units in 2015 and 2016, respectively.”

“This drop will be due to higher mortgage interest rates, said the national housing agency, which are expected in the last half of 2015.”

Son of Ponzi
Son of Ponzi
5 years ago

#92
you are right on the money.
When I immigrated from Europe some 30 years ago, I had to meet stringent requirements, even though my Canadian wife sponsored me.

hello
hello
5 years ago

I enjoy exotic foods however I can not afford international air travel. I understand that Vancouver is the most Chinese city in North America. Can I find dishes like these in your home town?

http://i.imgur.com/UJZ2oOw.jpg

CrashComing
CrashComing
5 years ago

Booming Sales.

Declining Prices.

The masses don’t hear the train barreling down upon them…

Chip
Chip
5 years ago

“You made some good points before this, but if you think immigrants to Canada from Europe have historically been wealthy and well educated, you’re way off base.” Compared to Canadians at the time they were. And the data show they assimilated easily and didn’t sit below the poverty line for long if at all. Of course everyone today has a degree from the University of Mindanao and Guangdong Polytechnic but it’s not quite the same thing as a technical qualification as an aircraft fitter from Dutch Air Force in 1975. That was a skill in demand while the former degrees are basically useless. When my father emigrated to Canada in the 1970s he had to line up at Canada House in London, where they would link him up with Canadian companies looking for skilled workers. He joined a company with… Read more »

patriotz
5 years ago

@90: “particularly when the profile of immigrants has shifted from the largely wealthy and educated arrivals from Europe to poor and less educated immigrants from less developed countries.”

You made some good points before this, but if you think immigrants to Canada from Europe have historically been wealthy and well educated, you’re way off base.

On the whole today immigrants to Canada are more affluent and better educated than when immigration was predominantly from Europe.

Chip
Chip
5 years ago

Where to start. Caregivers are basically housekeepers and babysitters who pay very little tax. Yet the govt in its wisdom thinks they should be able to sponsor their families to immigrate in two years, thereby putting the country on the hook for millions in health and education costs. This is why immigrants today are a net cost of $22 billion a year. A study by the U of T last year found 7 out of 10 elderly Filipinos in Toronto lived below the poverty line – seven times the average. The govt estimates elderly immigrants will incur hospital bills of $160,000 between the ages of 65 and 85, and this is just hospital stays, not doctor visits and other care. How does the average immigrant contribute enough taxes to justfy this? They don’t. I’m generally an open borders person BUT… Read more »

@westside realtor
@westside realtor
5 years ago

So tell us, how is it living in a fantasy world? You’re such a clown.

But at least you have a computer with an internet connection.

With regards to monthly mortgage carrying costs, housing is not that expensive.

Westside Realtor
Westside Realtor
5 years ago

China’s stock market is improving after a 6 year sag.

It’s property market, where most of the leveraged money is, has entered the CRAPPER.

The overall economy is not hot…they are not cresting millionaires anywhere like they were a few years ago.

I suspect that with the real estate meltdown now underway there, that the number of millionaires is going to be going DOWN for a while.

Movember
Movember
5 years ago
Westside Realtor
Westside Realtor
5 years ago

China is off the boil.

Could be as simple as that.

Why are so many HAM now listing their places for sale? $ problems back in the homeland?

Qe.live in interesting times. The meltdown here has the POTENTIAL to be utterly EPIC.

Westside Realtor
Westside Realtor
5 years ago

Heard a tale of a Fraser valley family that bought a sfh out there for @$600k, put $50k into rents, and now a few years later are trying to get gross $575k for it and will pretty much just their net worth back to ZERO.this will repeat thousands of times going forward.

tedeastside
tedeastside
5 years ago

this Afternoon in Southern California

this is what they call Skiing in La Jolla

http://s3.amazonaws.com/placester-wordpress/blogs.dir/3265/files/2014/01/IMGP0377-215727.JPG

Westside Realtor
Westside Realtor
5 years ago

Another weekend of shittily attended open houses for sfh westside mkt.

Price pressure is downward.

Son of Ponzi
Son of Ponzi
5 years ago

#79
that’s the beauty of living in the BPOE.
Everything is different here.

Shut It Down Already
Shut It Down Already
5 years ago

Bit of a troll to ask if people are skiing before the season even starts, eh?

left already
left already
5 years ago

Long time I didn’t do this.
So here is a little reminder: how are things going on the best place on earth?
Still skiing in the morning, golfing in the afternoon and sailing in the evening, all at the same day? Enjoy!
http://www.weather.com/weather/5-day/CAXX0518

Boombust
Boombust
5 years ago

#78,

Do you REALLY CARE about what “tedeastside” thinks about anything?

Son of Ponzi
Son of Ponzi
5 years ago

Sephora opened in Vancouver.
Tedeastside, take that!

Son of Ponzi
Son of Ponzi
5 years ago

Foreign nannies will no longer have to live with families.
————–
Will drive up rents. Landlords will convert 4 beds into 10.

Son of Ponzi
Son of Ponzi
5 years ago

#72
This is because they do not follow the Ten Commandments, namely:
Thou shall not covet your neighbor’s candy.