Luxury hotel to become a dorm

Looks like those basement mortgage helpers might have some competition soon if this plan goes through:

Downtown Vancouver Luxury Hotel to become International Student Housing

The 17-storey building will undergo a $37 million renovation and have 220 beds for international students come September, according to Global News; the company is eventually hoping to expand into Vancouver and Richmond and have beds for 5,000 post-secondary and high school students in nine different buildings.

The Viva Suites will be available from $900 to $2,500, depending on the amenities, location, and building, The Province reports. Some of the amenities available are a weight room, housekeeping, secured underground parking, and Internet. The suites will be available for daily, weekly, monthly, or yearly rental, with no long-term commitments required, states a company press release.

Read the full article here.

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Randy Randerson
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Randy Randerson

Nope, my rent has been the same for the last few years. Don’t see it, #24.

BTW, I own the companies that make your 3 T’s (Tide, toothpaste and toilet paper). How’s inflation treating you? Soon you’ll be surprised by import-led inflation.

Funkeymonkey
Member
Funkeymonkey

I rent a house near 33rd for 1700

@26
Guest
@26

Got that right. I’ve sent out more price increases on CPG lines we manage in the past 2 months than the last 2 years.

Ugly

southseacompany
Member
southseacompany

“Low rates seen fuelling Toronto’s surging housing market as Alberta markets stall”, Financial Post

http://business.financialpost.com/2015/02/04/low-interest-rates-seen-fuelling-torontos-surging-housing-market-as-alberta-markets-stall/

“The Alberta housing slump picked up steam last month but new data from Toronto and Vancouver shows falling oil prices are having little impact on sales in Canada’s two most expensive cities.”

patriotz
Member

Power to inspect TFW employers without a warrant hasn’t been used

The Conservative government’s clampdown on the temporary foreign worker program promised a “massive” increase in inspections – including the power to search work sites without a warrant – but documents show this now year-old inspection power has never been used.

The reason: It hasn’t been necessary, according to the Employment Minister (Jason Kenney).

Tough on terrorism, but no so tough on slavery.

LS in Arbutus
Guest
LS in Arbutus

In fact, Canada had the second-biggest jump in household debt-to-income ratios of any country other than Greece between 2007 and the second quarter of 2014, a new study says.

http://www.theglobeandmail.com/report-on-business/economy/new-alarm-bells-ringing-over-household-debt/article22797037/

Not enough Gail Van-Oxlades to go around… sooner or later people hit the wall, even if the Prime rate is 2% and the BOC rate is zero. This is going to be nasty! Nasty, nasty.

southseacompany
Member
southseacompany
“Trying to find a home in Calgary? Prices set to drop 15%” BNN with video http://www.bnn.ca/News/2015/2/5/Calgary-home-prices-set-to-drop-15.aspx “The price of a home in Calgary is set to drop by 15 percent following a 39 percent sales slump in January and a flood of new listings on the market, according to a top Canadian economist.” ““Lower mortgage rates won’t prevent home sales and prices falling sharply in regions directly hit by the slump in oil prices. While they might support housing activity in other key markets, we fear that this will only fuel greater overvaluation, higher household debt and more overbuilding,” said Madani in a research note to investors.” “Madani says Toronto and Vancouver will reap the upside of cheaper lending. Preliminary figures for January suggest sales in those cities were up close to 10 and nine percent respectively. Both markets saw… Read more »
Loon
Guest
Loon

Here is the link to the debt report from McKinsey with glorious charts and tables, take a look at the full off report at the top.

Exhibit 21, page 50 is were it gets interesting with a nice seque in to the shadow banking chapter, enjoy !

http://www.mckinsey.com/insights/economic_studies/debt_and_not_much_deleveraging

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

that’s awesome. i assume you believe that the stock market has gone up because of fundamentals?

>Simon Says:
February 4th, 2015 at 6:21 pm 17
Bullx3,

Half my mortgage IS paid off. It just happens to be sitting in U.S. and European equities right now.

space889
Guest
space889

@Bull! Bull! Bull! – As these self proclaim investing genius will keep telling you, stocks can be sold in 3 seconds with proceeds in their account in 3 days, and they will always, always sell before the big drop. Somehow, these people with full time day jobs, 15 mins delayed quotes can sell before full tiem professional money managers and HFT algos.

Softy
Guest
Softy

“sooner or later people hit the wall”

The key word is “later”.

As Keynes said, “… in the long run we are all dead.”

http://izquotes.com/quotes-pictures/quote-but-this-long-run-is-a-misleading-guide-to-current-affairs-in-the-long-run-we-are-all-dead-john-maynard-keynes-307416.jpg

Softy
Guest
Softy

As Bull, Bull, Bull pointed out, this year is this blog’s 10 year anniversary. That is quite a long run and it is quit a bit “later” now but still no crash.

patriotz
Member

@35: “Somehow, these people with full time day jobs, 15 mins delayed quotes can sell before full tiem professional money managers and HFT algos”

The “somehow” is that I can sell a few hundred grand worth of stocks without affecting the market, while the money managers can’t all get out, or even close to it, because they are the market.

Also individuals can select their own personal strategies for their portfolios, such as a stop loss sale, which fund managers can’t because it’s not appropriate for their investing strategy.

Slagathor
Guest
Slagathor

…$4,000 per month x 12 month minimum = $48,000 commitment to rent this place on Prince Edward Street (near 33rd ave) which faces the cementery. Wonder how many people are lining up to sign the lease?……

Doesn’t seem crazy to me: people are dying to get into that neighborhood.

Mortgageslave
Member
Mortgageslave
@BBB You have no idea what you are talking about. Blue chips that I am in invested in are increasing profit every year, 15% +.. This equals higher stock prices. Valuations are in Line with Historical numbers so don’t talk about things you know nothing about Realturd. Lookup Starbucks, Visa, Apple, Google etc they will keep going up and paying dividends to own. A good diversified portfolio has increased 2000% in 20 years. You can have your house as an investment. I won’t deny it’s been a good investment but is now very risky. If you invest in Risk Assets you will get burned eventually. I don’t see this latest run lasting long. Doesn’t bother me one bit, I laugh at home stupid people are. Rent will never go up in YVR in the near future. Rent is based on… Read more »
Mortgageslave
Member
Mortgageslave

@Space889 – you’ve posted that 10 times before. We get the picture, you HAVE NO IDEA WHAT YOUR ARE TALKING ABOUT.

Remember Spacecase, 2000% in 20 years. This is a FACT!

Now go buy another house before you’re priced out, LMAO.

space889
Guest
space889
@patriotz – Your quote shows you really don’t have much understanding of how the market works…. Aside from sovereign wealth funds like Norway, Saudi, UAE, and index managers like Blackrock, no individual fund managers has enough assets to be the market for equity or bonds, or even most commodities. Nor are they all collectively going to hold stocks for the sake of the market when things are going to hell. The fund managers can liquidity $1M in positions or hedge it in the case they really can’t sell quicker than the time it takes for you to enter all the orders in your direct trading account. Second, ETF liquidity can dry up really fast in a market downfall, sometimes even worse than if you hold individual stocks. Third, as I said, most people here have day jobs which doesn’t allow… Read more »
Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

2 bears got lucky in the market. it’s like the casino. there’s always a couple of people who get lucky.

space889
Guest
space889

@Mortgageslave – If you actually got that then you are doing better than the best investors and hedge fund managers in the world. Even the best hedge fund managers billionaires (Citadel, Fortress, etc) can’t manage that, even with hundreds of PhD and millions in HFT hardware and political lobbying.

So, no I’m not going to believe your 2000% in 20 years bullshit.

As for increasing profits, most companies are doing it via cost cutting and financial engineering, along with a big dose of non-GAAP accounting. Maybe you should read up on that.

Bull! Bull! Bull!
Guest
Bull! Bull! Bull!

so a couple of bears got lucky at the c4sin0. that’s luck just dumb luck and i doubt there are any more of you.

Admin, why does c4sin0 trigger the spam filter?

bobwestsiderealtor
Guest
bobwestsiderealtor

Over the last 10 years I have made 20% compounding gains shorting the VCI ETF. It’s a tax-free money tree.

space889
Guest
space889

@Mortgageslave – Yeah, you said that 10 times before RENT is based on income.

But but but, mortgage is not based on INCOME?

You can service a mortgage without income? Or any mortgage amount regardless of income??

Explain how income is a limiting factor to rent but not to mortgage???

Also, a company growing profit at 15%+/yr while general GDP is growing at 2.5%-3.5%/year means that in time, that company will be the whole GDP. That is a FACT, proven by mathematic formula.

I seriously doubt this 15%+/yr can continue….though I do know that the average person plainly suck when it comes to geometric, never mind exponential, series.

vangrl
Member
vangrl

no 15 minute delayed quotes here! and stop losses can definitely help in some situations, as can buying puts.

On that note, BCE just raised their Dividend today, my YOC is now 7.1%, ! & I also had Potash raise 9% & Brookfield raise 10% in the last week or so!

patriotz
Member

@42: “Third, as I said, most people here have day jobs which doesn’t allow them to check the market on a regular basis and with 15 mins delay quotes”

People who have brokerage accounts can get real time quotes, unlike those who don’t (like you apparently), who have to rely on Yahoo, etc.

Mortgageslave
Member
Mortgageslave

Ahh space, so clueless. This link from my brokerage is 18 times in 20 years but just hit 20 last month. Just a safe diversified portfolio my friend. FACT:

https://www.odlumbrown.com/research/newsletters/15-01/

BTW, if profits for large companies go down then they will lay off more staff to increase profits. What’s your point?