Get a job.

Some people wonder how people make ends meet in a very expensive city with very low wages, but there’s plenty of economic opportunity beyond grow-ops, you just need take advantage of one our exceptional local specialties.

Of course you could go to the source of the money fountain and flip condos or become a realtor, but if you don’t have the time for a 6 week course here’s another opportunity: Condo Lineups.

If you can be the manikin who pretends to be very excited about a new local development you can earn $1800 in less than a week, that works out to about $15 an hour less expenses!

This tiny job posting speaks volumes about the Vancouver real estate market. Developers have convinced speculators that demand is so high, there’s enough room for the average person to make an extra few dollars flipping condos to regular folks. Now that regular folks aren’t fighting to buy pre-construction, this may be the first sign that speculative capital is drying up.

Read the full article over at better dwelling.com

Sort by:   newest | oldest | most voted
chilled
Member
chilled

I assume the days of buying a ‘Hemi’ and becoming a ‘framer’ are over?

Oracle
Guest
Oracle

Licenced framers are making great coin. 75% cash payments. On any house, one guy has licence and the rest work minimum wage.

bullwhip29
Guest
bullwhip29

fixer upper crews are back in business big time now after being broomed aside for the last couple of years (as every home was simply being demolished). while some owners havent yet listed, they have surely seen this movie before and are making sure their less than new property is in tip top shape by next spring. in what has to be considered a new development, I was in Rona on Elmbridge the other day and the parking lot full of Mercedes SUV’s and customers were wandering about aimlessly for materials to do repairs themselves.

Boombust
Guest
Boombust

Vancouver’s CTV News at 6 covered this story last might. Not a mention of people being paid to sit in a line for a week.

More shoddy “journalism”.

squeak
Member
squeak

CTV News and other local media is not in the business of reporting what is important to know, in other words “news” that matter.
Their job by the moguls is to keep you “comfortably numb” and as dumb as possible.

Oracle
Guest
Oracle

MSM is in private hands to do as they please.

Concentration of media in Canada is #1 in the world. A national security threat.

Will Trudeau break them up? Lol

space889
Member
space889

But since it’s a private enterprise, it means we have a free press right?!

realist
Member
realist

An interesting observation. MSM is not an immediate threat to national security, but rather to national intelligence and critical faculties.

Newcomer
Member
Newcomer

Their main job is to retain viewers. They present things in the way that they believe will retain the most viewers.

bullwhip29
Guest
bullwhip29

no, their job is to spin the so called news according to directive from head office puppets who are owned by the RE and banking industries.

space889
Member
space889

I thought a privately own press equals a free press. I mean isn’t that why Canada, US, etc are always bashing those evil communist countries like China about freedom of press?

Best place on meth
Guest
Best place on meth

“I thought a privately own press equals a free press.”

Well that certainly shows what a fucked up moron you are.

Privately owned press can be honest or dishonest.

Commie owned press like the kind found in that shithole you originated from is always dishonest.

space889
Member
space889

sure…buddy…keep sticking your head in a shithole and enjoy glorious Chinese shit at no charge. 🙂

Newcomer
Member
Newcomer

Thank you for supporting aluminum sales, Canadian industry needs all the help it can get.

Combat roach
Guest
Combat roach

Oracle, you’ve been heard! Now is time to pull your strings in Ottawa and do something about the student scam?

Sen. Percy Downe: Canada Is Taking In Too Many Young Temporary Workers

http://m.huffpost.com/ca/entry/13329348

Oracle
Guest
Oracle

Do you disagree with the article ?

Combat roach
Guest
Combat roach

Nope…

southseacompany
Member
southseacompany

“Don’t Blame Canada Price Surge on Foreigners, Housing Chief Says”, Bloomberg

https://www.bloomberg.com/news/articles/2016-11-30/don-t-blame-canada-price-surge-on-foreigners-housing-chief-says

““Foreign investment is a thing, not the thing that’s driving demand,” Evan Siddall, president of Canada Mortgage and Housing Corp., said. “We pay attention when people who look different from us buy houses next door. We don’t pay as much attention when people like us buy the same houses for the same prices.””

“Surging home prices are distorting the economy by diverting money into houses rather than more productive uses like businesses, Siddall said. “Doing things to make it not quite so easy to invest in homes is good for our economy,” he said.”

Newcomer
Member
Newcomer

Good to see Siddall has been reading VCI. It’s about time.

Hyper-mega-Bull
Member
Hyper-mega-Bull

i remember when bears dismissed everything the CMHC said because they were industry insiders and shills.

how things change.

Newcomer
Member
Newcomer

Are you saying that, now that the CMHC has seen the error of its ways and changed its position, bears should change their position so as to maintain their disagreement with the CMHC ?

Hyper-mega-Bull
Member
Hyper-mega-Bull

if you reason for disagreeing with the CMHC is that they have a conflict of interest then you should still be suspicious of them.

if your reason for disagreeing with the CMHC is that anyone who disagrees with you is wrong you are using bearlogic and living in an echo chamber. that’s how people end up being wrong for more than a decade.

Newcomer
Member
Newcomer

Your definition of bear logic coincides with most people’s definition of holding an opinion. For a subjective binary proposition, it is not logically possible to believe that people who disagree with me are right because, in so much as I considered them to be right, they would not disagree with me, therefore people who disagree with me are, by inherent definition, wrong.

I think you are just feeling confused by how universally sentiment is turning, as it always does when a bubble unwinds.

space889
Member
space889

If a glass is filled with water to 50% of its volume and height, is the glass half full or half empty? If I think it’s half empty while you think it’s half full then by your logic, I must believe you are wrong? Since we can’t be both right or both wrong?

Hyper-mega-Bull
Member
Hyper-mega-Bull

you judge people’s opinions by looking at if their conclusion matches yours. i judge people’s opinions on the evidence and reasoning they give to support their conclusion.

it’s called thinking. bears should try it sometime. it’s what prevents a person from being wrong for more than a decade.

Newcomer
Member
Newcomer

That’s not actually the opinion that you are evaluating, but rather the argument. But yes, that is the standard that everyone claims to use. We are only even talking about it because you suggested that it would be more fitting for bears to use a different standard and reject that the CMHC had to say simply because it had bears had disagreed with the CMHC in the past.

Confucius
Guest
Confucius

You’re right. You’re so smart and logical. Oops, I was wrong again.

ostritch
Member
ostritch

And being shocked when Hillary loses.

Shut It Down Already
Guest
Shut It Down Already

I don’t think he knows what he’s saying half the time. I suspect he’s some sort of AI bot that can occasionally come close to stringing together a coherent sentence.

Combat roach
Guest
Combat roach

That hasn’t change, they are still insiders and shills. However the game changed, they didn’t know with what they are dealing with, neither that the whole system will get FUBARed so they must catch up with the flow and look what they say.

Bear Vancouverite
Member
Bear Vancouverite

Not all bears dismissed CMHC as shills. I disagreed with their view and their part in the problem, now that they’ve changed their view I like that they are looking at this as a problem rather than denying it.

YVR
Guest
YVR

“i remember when bears dismissed everything the CMHC said because they were industry insiders and shills.”

They were. Then they fired all of them and put new people in 2014. It looks like the new people get it.

patriotz
Member

“because they were industry insiders and shills.”

No, because CMHC is a policy arm of the Federal government, and it does and says what the Minister of Finance (in effect, the PM) says. It’s not independent in any way, in law or in fact.

“how things change.”

You bet . Now I’m not saying JT is the Messiah, but he’s miles better than Harper.

MarKoz
Member
Shut It Down Already
Guest
Shut It Down Already

So it’s been the greedy greedy locals all along? You don’t say!

Best place on meth
Guest
Best place on meth

“The recent slowdown in the Vancouver market isn’t the result of the tax on foreign investors, but more likely “the belief” among local buyers that the tax would take the froth out of the market, Siddall said.”

Try to keep up here.

Locals were only buying recently at these fucking stupid insasne prices because locusts were.

Take out the scummy, crooked, thieving, corrupt, weasely, tax evading, kleptocratic communist chinese out of this market and it’s all over.

It really is the locusts.

Shut It Down Already
Guest
Shut It Down Already

That makes zero sense. And I think you know it.

oopswediditagain
Guest
oopswediditagain
Hyper-mega-Bull54 seconds ago i remember when bears dismissed everything the CMHC said because they were industry insiders and shills. how things change. http://vancitycondoguide.com/house-of-debt/ Evan Siddall the CEO of CMHC “economic disasters are almost always preceded by a large increase in household debt. In fact, the correlation is so robust that it is close to an empirical law as it gets in macroeconomics.” Southseacompany, I’m not entirely convinced that our resident bulls don’t see the obvious, but I’ll post this link because most bulls prefer the Real Estate Board stats and CMHC reports. Perhaps the fact that he used to be an Ex-Goldman Sachs Banker might provide some credibility to his opinion. He seems to be a lot less interested in blowing this gasbag even further up than the previous Board. They can be forgiven the errors of their ways because… Read more »
bullwhip29
Guest
bullwhip29
Hyper-mega-Bull
Member
Hyper-mega-Bull

i don’t see how it’s racist. seems more like a statement of fact.

space889
Member
space889

If it is implying that every Chinese people living in Richmond is not paying taxes and plundering Canada then off course it is not racist because it’s not talking about every Chinese in the world, and Chinese is not a race, right?

Hyper-mega-Bull
Member
Hyper-mega-Bull

it’s defiantly an over generalization. but “chinese, in greater proportion to the general population, are plundering canada” just doesn’t sound very snappy.

Shut It Down Already
Guest
Shut It Down Already

Again, what numbers would back up your assertion?

Best place on meth
Guest
Best place on meth

Right space, communist PRC dirtbags are not a race.

They are classified as a disease. A disease to be eradicated.

space889
Member
space889

World class Canadian values and showcase of BC education system right here! Woohoo! Be proud! Chinese should all learn from you and treat Canadians the way you want to be treated.

Shut It Down Already
Guest
Shut It Down Already

Statement of fact? What source(s) are you citing, exactly?

Sounds more like an ignorant statement of prejudice to me.

Combat roach
Guest
Combat roach

Enjoy , an ultimate douche…

Flyer:

“The latest unsolicited flyer accuses wealthy Chinese immigrants of “plundering” Canada by using the same social services as everyone else – including schools, healthcare and infrastructure.”

Study:

“The tax unfairness caused by the growing phenomenon of mansion owners alleging poverty can be traced largely to Canada failing to catch trans-national migrants who refuse to report their total global income at tax times.

A study by University of B.C. geographer Dan Hiebert shows the problem is worse in Metro Vancouver than in Montreal and Toronto.”

http://vancouversun.com/news/staff-blogs/thousands-of-metro-vancouver-mansion-owners-avoiding-taxes

Shut It Down Already
Guest
Shut It Down Already

I must have missed the part where it compared evasion rates between Caucasians and Chinese. Enlighten me?

Combat roach
Guest
Combat roach

I don’t believe that such comparison fell into a scope of the study but you can challenge everything by purposely shifting theses. Why would I think you can do better?

Hyper-mega-Bull
Member
Hyper-mega-Bull
this information has been posted repeaditly and i’m sure you’ve seen it before. i also know you’ll come up with some BS “reason” to ignore it again. but i am posting it for the benefit of people who reading these comments and aren’t familiar with it. http://vancouversun.com/life/richmond-3-why-does-upscale-neighbourhood-appear-poor-to-tax-officials Halsey-Brandt pointed out households in the less-luxurious neighbourhood of Steveston, which has the fewest immigrants in Richmond, report the smallest portion of low-income households, at 11.4 per cent. But the proportion of near-poverty-level households rises to 26.2 per cent in Thompson, which is in the northwest corner of Richmond, across the Fraser River’s Middle Arm from Vancouver International Airport. More than six out of 10 residents of Thompson have an immigrant language, most commonly Chinese, as their mother tongue, according to the 2011 Statistics Canada General Household Survey. http://www.scmp.com/news/world/united- states-canada/article/1953614/panama-papers-vancouver-canadas-hotspot-secret-tax 57% of the… Read more »
nufio
Guest
That is certainly some good data. I accept your point. I know a lot of chinese in vancouver, mostly in my generation (late twenties, early thirties). Some of them have wealthy parents buying them condos in vancouver. but none of the parents themselves live in vancouver. So i dont really think they are legally expected to pay taxes here. Some of them also recieve financial support from china, because lets face it, there really are no good employment opportunites in vancouver to support a middle class lifestyle unless you are in high tech or finance. Most of the parents dont even want to visit vancouver to see their kids because there really is nothing going on here and its really boring for them (unless they have grandkids). However I dont know any chinese that have houses in west vancouver, so… Read more »
space889
Member
space889

When you are basing poverty based on income only and then claim surprise when wealth asset rich but income poor family show up as being poor. Well duh!

But what can you expect from a bunch of brain dead morons who thinks they are superior and better than everyone.

Combat roach
Guest
Combat roach

A dirty, cunning game most likely orchestrated by cartel and Money Laundering Corporation. The objective is to create an overall sentiment of a domestic “guilt” and render locusts as victims, therefore soften scrutiny, cause “traditional Canadian” compassion and open up a required space to continue with the usual RE shitshow and scam.

Best place on meth
Guest
Best place on meth

Our disgraceful premiere has no business calling anything a disgrace.

This is the slimebag who looked the other way as billions in stolen money from china was laundered in Vancouver real estate, destroying the city for locals.

space889
Member
space889

I’m looking at a couple disgusting shitbags right here. Geez, if you two put as much efforts into working and wealth building as you do here, you would probably be one of those rich non-taxing leeches too right now. But I guess that would involve actual work and talents which you obviously lack.

Or even get a room and put same efforts into banging each other would end up making you two happier, even if you two aren’t into guys. But I doubt you have much choice besides each other.

The city is already pretty much destroyed by you shitbags. Frankly, these new immigrants would be a welcome improvement over having to live next to you.

bullwhip29
Guest
bullwhip29
Bag it and tag it
Member
Bag it and tag it

Yup, rates going up after today’s deadline for products which no longer qualify for bulk insurance, which is one of the reasons why recent sales, while low, were not as low as they might have been if not for the fact this deadline has brought sales forward…December could be really bad….but who knows….there are still sales being pulled forward from those with low locked in rates, that have yet to expire.

space889
Member
space889

Geez…with all these pulling forward of futures demands from all the changes over the years, I thought we would have pull the next 2 decades of demand forward already. Or is there just such a vast supply of future demand that wouldn’t run out? Maybe that explains why housing prices are so high cuz there are such big demand out there?

Newcomer
Member
Newcomer

Poor capitalization.

bullwhip29
Guest
bullwhip29

Vancouver’s new Creekside Park to be designed by New York firm
http://globalnews.ca/news/3098263/vancouvers-new-creekside-park-to-be-designed-by-new-york-firm/

>>> so, we apparently all take pride in calling Vanc the best place on earth complete with an abundance of green space and natural beauty for as far as the eye can see but can’t find a single local firm qualified and knowledgeable enough to execute this task

Boombust
Guest
Boombust

The same with shipbuilding, having a domestic cruise line industry…the list is endless.

bullwhip29
Guest
bullwhip29

true. imho this just illustrates how little creativity and imagination our leaders and city planners possess as they once again opt to take a page out of some other city’s playbook and call it their own. the list of examples is endless. if we are ever going to be seen as a legitimate world class city by more than those drunk on the coolaid, we’ll have to do better than this.

space889
Member
space889

More “racists” flyers in Richmond – http://bc.ctvnews.ca/a-disgrace-premier-condemns-new-racist-flyers-in-richmond-1.3183968

Looks like team BPOM might actually got off their butts and moved beyond being keyboard warriors.

To be fair, there is a problem with tax evasion going from pure tax evasion / dodging to some more gray loophole exploitation area. Personally, I think net net, the new mainland immigrants probably pay more in total tax (income tax, sales tax, property tax, fees, etc) than what they take in social benefits. There is also a LARGE retirement community in Richmond from the 90s HK migration. They include both astronaut families and actual immigrant families.

bullwhip29
Guest
bullwhip29

I am starting to wonder if some liberal insider is deliberately planting these and then staging question/answer session at today’s press conference. in the past the libs have been caught red handed mailing out plenty of questionable material to sway public opinion.

space889
Member
space889

Except a lot of the target audience aren’t likely to vote NDP in the first place. Not sure how much they would accomplish with this stunt.

It looks like the flyers were not delivered by Canada Post or some commercial entity. If it did, it should be fairly easy to track down who placed the order.

bullwhip29
Guest
bullwhip29

Poly Culture Group today opens the doors of its flagship art gallery in the heart of downtown Vancouver.
http://www.theprovince.com/business/cnw/release.html?rkey=20161130C6200&filter=4007

“As the closest North American city to China, Vancouver is not only strategically located, but it also provides a unique natural setting and investment environment,” said China Poly Group Chairman Niansha Xu.

Bear Vancouverite
Member
Bear Vancouverite

Just wanted to pop in and say thanks to some of the good, on topic posts by some in this and yesterdays threads: Newcommer, Royce, southsea, No Money Down, and others.

southseacompany
Member
southseacompany

“Philip Cross: Fiscal stimulus isn’t just failing, it’s setting us up for a whole new economic crisis”, Financial Post

http://business.financialpost.com/fp-comment/philip-cross-fiscal-stimulus-isnt-just-failing-its-setting-us-up-for-a-whole-new-economic-crisis

“Emergency levels of monetary and fiscal stimulus were never intended to be sustained for a long period because of the distortions they introduce into a wide range of decisions about saving, investing and borrowing that lower long-term potential growth”

“We are living in the future we distorted and borrowed from to avoid a worse recession several years ago.”

paulb
Member

New
103
Price Change
29
Sold
92
TI:9036

http://www.paulboenisch.com

Billybonger
Guest
Billybonger

And the new mortgage rules go into effect today (securitization of loans).

Still no surge in listings.

Fear comes quietly. Until it explodes all at once.

Remains my prediction , and only months to go before the year over year stats turn UGLY.

Remember your dating years Oracle?

Boombust
Guest
Boombust

The YoY stars are already ugly…

southseacompany
Member
southseacompany

More:
“TD Bank hiking rates for longer mortgages on Dec. 1”, CTV News

http://www.ctvnews.ca/business/td-bank-hiking-rates-for-longer-mortgages-on-dec-1-1.3184311

” TD Bank ( is hiking rates for fixed mortgages with longer amortizations and all mortgages on rental properties.”

“Effective Dec. 1, the lender will charge an additional 10 basis points to their overall rate for all new fixed amortizations of 25 years or more.”

Bear Vancouverite
Member
Bear Vancouverite

southsea, do you agree that 10 basis points is a very small (almost negligible) hike? It seems to me a very small move by the bank.

Oh oh
Guest
Oh oh

Small yes but Many small ones to follow equals a large increase. ..they won’t wacky up the rates overnight. ..but slowly and relentlessly over the next few years.

Newcomer
Member
Newcomer

Exactly.

nufio
Guest

that seems like wishful thinking to me.
no one is going to increase rates. because this will crash prices. and >50 home ownership means that > 50 % of the population is going to be unhappy if prices crash. Political parties are not stupid, if prices crash on a ruling parties regime that party is sure not to get re-elected.

nufio
Guest

also historically around the world, the sheeple’s attention can be diverted to some external events like wars, or immigrants in the event of some economic depression.

Newcomer
Member
Newcomer

What you are missing here is that mortgage rates are not set by the government, they are set by the bond markets. It’s just business.

nufio
Guest
Best place on meth
Guest
Best place on meth

Well Whoreacle, you will get your 8k party tomorrow, and possibly a 6k party on Jan 2.

Then the party is over for you.

Oracle
Guest
Oracle

I don’t really care. Just trying to open your guys eyes about the root causes of this bubble.

I realize that it’s Pretty much an impossible task with the dozen or so if you guys here….

Thus impossible with the masses.

I give up. I’ll keep my theories to myself. But do acknowledge silently when the spring listings surge fails to materialize.

Best place on meth
Guest
Best place on meth

You give up?

So you’re going to temporarily leave again rather than spend your time desperately trying to implore us to buy a house immediately, lest we be priced out forever by the incoming hordes of immigrants/students/TFW’s?

Yeah, ok.

Foo Man
Guest
Foo Man

Yeah. Because THEN you’ll finally be right. idiot

Buynow or Getlaidnever
Guest
Buynow or Getlaidnever

50 people camp outside Lougheed Town Centre for 4 days before condo sale
http://dailyhive.com/vancouver/city-of-lougheed-condo-lineup

Combat roach
Guest
Combat roach

For fuck sake, why all of them are Asians of certain age ??? Are they volunteers, students, realtor apprentices, locusts triads, WTF?

Best place on meth
Guest
Best place on meth

They’re paid to pose as buyers.

And not very much considering they have to be out in this shit weather 24 hours a day.

Combat roach
Guest
Combat roach

At least they are paid here to pose, not so bad. Back home they are obliged to attend funerals of prominent cadres and military parades to act as a live decoration, same shit.

space889
Member
space889

You two can’t even qualify for the job, is that why you are so bitter cuz you can only work in even worse jobs? Maybe you can’t even afford internet at home to post on here?

history
Guest
history

Shanghai Housing and Urban-Rural Development Management Committee, PBOC Shanghai Branch and CBRC Shanghai Branch jointly issued a circular effective today.

“For applications for commercial personal residential housing loans by households without flats in Shanghai and without certain housing loan records, the down payment ratio of the first home should be no less than 35%. For applications for regular self-use homes by purchasers with one flat in Shanghai or without flats in Shanghai but with certain housing loan records, the down payment ratio should be no less than 50%; for applications for non-regular self-use homes by such purchasers, the down payment ratio should be no less than 70%.”

aastocks.com

Newcomer
Member
Newcomer

I’m guessing this is a tightening. Do you know by how much?

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29

Downtown Eastside gets $350,000 cash as city aims to boost economy, provide jobs for residents
http://vancouversun.com/news/local-news/downtown-eastside-gets-350000-cash-as-city-aims-to-boost-economy-provide-jobs-for-residents

>>> this equates to the cost to build two, maybe three bus stops

bullwhip29
Guest
bullwhip29

Forecasts and foreclosures: What does newest Metro Vancouver real estate prediction mean?
http://www.theprovince.com/business/bc2035/forecasts+foreclosures+what+does+newest+metro+vancouver/12456393/story.html

Newcomer
Member
Newcomer

>>“It’s kind of a fickle market at the moment,” Hutchinson said. “The market is still up from 2015, it’s just not ridiculous anymore.”<<

Oh, it's ridiculous, baby.

Midnight toker
Guest
Midnight toker

Can I still get a 30 year mortgage?

Funkeymonkey
Member
Funkeymonkey

Yes with at least 20% down.

Buynow or Getlaidnever
Guest
Buynow or Getlaidnever

My tax dollar is subsiding real estate developer.

City of Vancouver says it mistakenly gave $1.5M break to real estate developer.The Charleson, a mixed condo and rental project in downtown Vancouver, has been subsidized by taxpayers without their knowledge or city council’s consent.

http://globalnews.ca/news/3099233/exclusive-city-of-vancouver-says-it-mistakenly-gave-1-5m-tax-break-to-real-estate-developer/

Donald T
Guest
Donald T

Silly, how else City People can moonlighing at The Developers while collecting paychecks from the city. You need to bill 2 hrs for each 1 hour of work, sort of like how lawyers do.

shut up and think.

southseacompany
Member
southseacompany

“Forecasts and foreclosures: What does newest Metro Vancouver real estate prediction mean?”, Vancouver Sun

http://vancouversun.com/news/local-news/forecasts-and-foreclosures-what-does-newest-metro-vancouver-real-estate-prediction-mean

“At the moment, mortgage default rates in B.C. are very low, Bury said. But looking back, he said, “in 2008, it didn’t take a huge decline in prices. In short order, there was double and then triple the number of defaults because of price declines.””

“The concern comes as the B.C. Real Estate Association forecast this week that average home sale prices will fall by as much as 8.7 per cent in the Greater Vancouver area next year”

southseacompany
Member
southseacompany

“The High Impact of Low Interest Rates”, The Agenda, TVO, video

http://tvo.org/video/programs/the-agenda-with-steve-paikin/the-high-impact-of-low-interest-rates

“When they were introduced following 2007-2008’s global financial crisis, low interest rates were meant as a temporary stimulus to lagging economies. Since then, they have been partially credited with fuelling the housing boom in the Greater Toronto and Hamilton Area and in Vancouver. But eight years later, rates remain basically the same, and experts are now warning of potential long-term effects.”

Bubbletea
Guest
Bubbletea

The price of US houses has again reached the levels of 2007, just before the crash, thanks to low interest rate, again!

Newcomer
Member
Newcomer

People wanted to go back to the way things were before the crash. The only problem with that is what happens after before the crash.

wpDiscuz