IP ban vote update:

Real chinaman leading with 40 votes.

Fake chinaman second with 27 votes.

Conclusion: whether they’re real or fake, people really hate chinamen.

gasoline… 0.56/liter in Calgary. 0.50/liter in Los Angeles

what are gas prices in Vancouver British Columbia

“Rent or own? In the superheated Metro Vancouver housing market, the choice isn’t obvious”, The Province http://blogs.theprovince.com/2016/02/28/rent-or-own-in-superheated-metro-vancouver-the-choice-isnt-always-obvious/ “After a few months of fruitless searching, Yee decided to put home ownership on the back burner and revert to renting. “After I ran the numbers multiple, multiple times, I realized I could save significantly more money renting. It was shocking to me,” she said.” “One measure to determine whether it’s better to rent or to buy is a metric called the price-to-rent ratio” “Ratios in the 10-13 range indicate it’s better to buy than to rent, while a ratio in the 18-20 range is a sign in favour of renting over buying.” “Based on the recent figures for apartments, Vancouver’s price-to-rent ratio is 55 in the east of the city and a staggering 72 in the west side. This calculation doesn’t take… Read more »

Did I say I was unsure what Vancouver will be like in a decade? I have a feeling it will be on its way to this as we are alwaysten years behind Europe:

http://www.dailymail.co.uk/news/article-3468093/Back-school-helicopters-private-jets-flash-cars-Rich-Kids-London-favourite-transport-sneer-peasants-outside-Primark-clean-shoes-50-notes.html

Christy Clark deserves all the flack she is getting and more! But the flow of dirty money from China cannot be stopped without reform to tax evasion and immigration by the federal government. And it’s just a matter of time until our new airhead in Ottawa comes up with a brand new IIP program that will be no different than selling Canadian passports to China. That will become blatantly necessary before his massive deficits bankrupt our country. As long as the NDP remains the only viable alternative to Chrusty in BC, we’re totally screwed. We just have to look at Alberta to see how that has worked out, and that shipwreck goes a lot deeper than just the price of oil as our Patriotz would have us believe to defend that crowd of idiots along with his Führer in Ottawa.… Read more »

Renters Rule! Sounds like Calgary.

http://www.abc.net.au/news/2016-02-05/the-growing-apartment-glut-is-turning-the-inner/7145242

And from Australian 60 minutes

https://www.youtube.com/watch?v=j_ktN_h7-J4

Moranbah = Fort Mac
Sydney = Vancouver

You get the story…

Comment from Macrobusiness http://www.macrobusiness.com.au/2016/02/weekend-links-27-28-february-2016/ Looked at a few houses on the Northshore of Sydney this morning ……..definitely a more subdued atmosphere …………the throngs of pushing and shoving Chinese of last year are noticeably absent ………and the buyers look more like family people looking for a home ……… Asking prices still in the sphere of the ridiculous These are comments about auction sales. Supports what I am seeing here. HAM are MIA. Looks like 2015 was the big push to get capital out of China, and that had a huge impact on SFH prices in Vancouver, Sydney, Melbourne, HK… Seems that is done, and the current activity in Vancouver is momentum buying from locals. I have been poking around westside 2br condo open houses in $450k to $650k range. Millenial couples, downsizers and investors. The smell of fear from the millenials… Read more »

Looks like a bunch of drunk Christy Clark voters just showed up at VCI to trash the place.

“G20 to say world needs to look beyond ultra-easy policy for growth”, Reuters

http://ca.reuters.com/article/businessNews/idCAKCN0W004T

“SHANGHAI (Reuters) – The world’s top economies declared on Saturday that they need to look beyond ultra-low interest rates and printing money to shake the global economy out of its torpor, while renewing their focus on structural reform to spark activity.”

It appears that in the 6 months since this story was published, the money laundering has only intensified and has reached a fever pitch.

http://www.rcinet.ca/en/2015/08/25/chinese-money-laundering-in-canadian-real-estate/

It can’t continue indefinitely though, it’ll burn out and then we’ll see panicked faces across the city.