The October absorption rate for housing sales in Vancouver is 2nd only to Toronto in my 6 city study chart:

http://www.chpc.biz/mar-moi.html

3 months vs 2 months.

Van West Side Dunbar – rent for $2175.. buy for 2M
https://www.locatehomes.ca/bc-real-estate-listings/vancouver/mls-R2013977/4063-West-41st-Avenue-Vancouver-V6N3G3?id=262035604

Another Bubble Bursts: Ultra Luxury London Home Prices Tumble 12%
What changed? Why China’s far more aggressive crackdown on the exporting of hot money, of course. Just like in Australia.
http://www.zerohedge.com/news/2015-11-12/another-bubble-bursts-ultra-luxury-london-home-prices-tumble-12

Vancouver Next?

hmmm….so uhm…where are the sub $1M west side SFH? I used $3M as an example of west side SFH that everyone wants and was told I’m prone to hyperbole. So where is an example of a more reasonable $1M SFH on the west side?? Cuz, like every bear on this blog, I really want a west side SFH and if it is $1M, I would definitely want it at that price!

http://javed22.blogspot.ca/2015/11/social-discontent-is-biggest-risk-for.html

“The Chinese economic reform was accompanied by a business boom, when the possibility to make trading and human association extraordinarily profitable occurred . The fruits expected by the partners as the outcome of their association can truly be of many kinds. What establishes the worth of a business relationship is not only whether it produces profits but also the nature of the results expected by the participants of this relationship. It must be remembered that the large foreign exchange reserve was the result of ordinary Chinese labour working hard for the profits of their companies which were then invested abroad instead of being ploughed back into welfare schemes for the working Chinese. “

Silvercity Richmond Riverport has 4 mainland Chinese movies showing…man…in a few more years, it will probably be down to like 25% North American movies, 50% Chinese movies, 20% Indian movies, and 5% indepedents/specials. It wil be a total Chinese retcon.

Priced out for now:

1) Interest rates won’t rise in Canada. They are working on 30 year terms like the USA. Those who got in early will be rewarded.

2) foreigners will continue to flock here. Easiest first world to get immigration and bring parents. Just try that in USA… Good luck.

3) Prices are high for YOU. But you don’t matter. It’s only those with $$$ that matter. Case in point. A McDonalds McChicken in India costs almost a days salary for a labourer. But McDinalds keep on opening while wages remain low due to overpopulation.

So don’t just think things will get better. Think.

Condolences to the families of people killed and also it would suck to be a innocent Muslim in France over the coming days. I’m sure they’re gonna be attacked and pushed out.

@2

This is what happens when foreign buyers exit the market:

It can’t happen here, we have enough “local foreigners” and “foreign locals” that can run this Vancouver-China boondoggle forever.

@8

“Silvercity Richmond Riverport has 4 mainland Chinese movies showing…”

Do they now show American movies with Chinese subtitles?

Wow, this market is going to the moon.

Many people winning the lottery -> those that own a detached house in vancouver

The rest…TGIF. Get used to it. lol

@4

Van West Side Dunbar – rent for $2175..

It is a crap house for that much rent. Who would live there and pay that much unless use that for some sort of storage or some kind of “business”? Como’n just look at walls and windows, third world country lifestyle.

@12
There is no such thing as an “innocent Muslim” they are all culpable for this and capable of the same violent acts given the chance.

it smells like horsesh#t in here tonight

Carter, you’re a moron.

More than half of French Muslims want shariah law imposed, 42% of young French Muslims support suicide bombings and 16% support ISIS.

There’s more. 70% of French prisoners are Muslim and they make up a hugely disproportionate share of dropouts and the unemployed.

France was the first country to embrace large scale immigration from Islamic countries. They’re just further along the curve the the rest.

For anyone lacking basic critical thinking skills, Islam is a belief system not a race. Immigrants from India and even non-Muslims from Islamic countries like the Maronite Christians outperform native Europeans in income and education.

@19

Replace the word “Muslim” with the word “human” and I might agree with you. Read some history and you’ll see that Christians don’t have the best track record either.

ISIS are lunatics who have sprung out of the chaos that exists when you invade a country twice (Iraq) and destroy it’s existing social structure and fight proxy wars in the neighbouring country – Russia v US in Syria.

They have probably killed hundreds to a thousand Christians. But they have killed Tens of Thousands of their fellow Sunni Muslims who were too moderate or western for their liking and more Shiite Muslims whom they hate.

The day before ISIS set off Bombs in Beirut’s Hezbollah run district killing and wounding 280, which went unreported in our press. Google it. ISIS is everyone’s enemy.