Friday Free-for-all! March 3rd 2017

It’s the end of another work week and 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:

empty dwellings

balanced-ish budget 

detached report

farewell sfh

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

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Londonernow

This is also interesting:
https://betterdwelling.com/city/toronto/torontos-trendy-queen-street-west-filling-empty-storefronts/

Higher and higher debt loads make bankers smile. Having debt slaves is fun.
“Now get back to work, you’ve got a mortgage to pay!”

Londonernow

It is coming!
As voters get further and further shut out from housing this will be the result: https://betterdwelling.com/vacant-homes-global-epidemic-paris-fighting-60-tax/

Whistler or Bust?

Rates slowly moving up. The best legitimate lender on rate hub for 5 yr. fixed is 2.79%.

Just me

The Vancouver Sun has not mentioned the BC Libs financing scandal at all. Are they going to endorse Christy Clark again?

On CBC local radio, no coverage. What is wrong with our press?

Abdul Lahazi

The cops should raid Christy’s house like they did with Glen Clark.

Banned Oracle

Cops infiltrated. MSM are the Corps who are the BC Libs.

Spec

CBC Radio covered it yesterday. Macarenko interviewed Elections BC dude and asked why the G & M broke the story and not them… I LOLd

Just me

A bit of schooling, a bit money laundering, a bit of tax evading.
All very reasonable motives. Screw everyone else, they need to get on with the masterplan.

Doomcouver

Education was just the most altruistic lie they could think of at the time. “Money Laundering” isn’t something they’re going to come out and admit to on a survey.

patriotz

Global ridicule won’t stop B.C. Liberals’ deceitful financing extravaganza

The Liberals are prepared to endure any amount of public shaming and global ridicule necessary to maintain a system that is deceitful and morally bankrupt. It is about keeping power and only keeping power.

ostritch

Look at not only the many new buildings everywhere but the prices they will charge. Worse than ever.

https://www.buzzbuzzhome.com/ca/canada/cities/bc-vancouver-new-homes

Just me

If only.
Our government invites them with open arms. Christy Clark calls them “investors”. BC has become the Far West of money laundering and political corruption.

LS in Arbutus

If you think about it, US Real estate is the better investment in terms of currency play. Canadian dollar only has one way to go. If I were an off-shore buyer, I’d buy US. And, it’s way cheaper too.

Just me

They like company. In Vancouver they get plenty. Our system is geared to make their life easier laundering money and evading taxes.

Banned Oracle

Parents and Grandparents can easily immigrate.

LS in Arbutus

It is interesting. Why buy real estate? Because you can still do so somewhat anonymously. More than a foreign buyers tax, we just simply need a FATCA type system for Canadian real estate. That is, who are the beneficial owners of any piece of real estate. Look through the trusts and the numbered companies. Have people disclose their tax residency and their taxpayer ID (SIN/SSN etc.) And then, countries start trading information. This, btw, will happen with the common reporting standard for bank accounts. The Common Reporting Standard (CRS) is a new international standard for the automatic exchange of financial account information between tax administrations to use in fighting tax evasion and to promote voluntary compliance with tax laws. CRS is where banks report customers who are not nationals in the country where the bank account resides. (Canadian bank reports… Read more »

Just me

Christ Ckark will never allow this. It would wipe out Chinese demand overnight. No more safe deposit bixes, no more high prices.
Christy needs high prices.

fomostyle

RE industry supposed be reporting as per FINTRAC

http://www.fintrac.gc.ca/intro-eng.asp

Just me

Landmark ruling for Chinese bank can’t be collected against Metro Vancouver homes

http://vancouversun.com/news/local-news/landmark-ruling-for-chinese-bank-in-b-c-cant-be-collected-against-vancouver-luxury-homes

Our justice system is a joke. This story and the one about visitor vusa and tax evasions are the ones that make you lose faith in our institutions.

ostritch

Ho Lee Shit. Nothing in our system was set up to protect us from the downsides of globalization.

Just me

Wanna know what is the most beautiful part of the article?

“Duhaime said that Yan is in Canada on a visitor’s visa. On Monday Yan’s lawyer did not immediately return a request for comment.”

In the same day we discovered that:

– our immigration system is broken;
– our court/legal enforcement system is broken;
– our party-financing system is broken.

All three things are somewhat related to each other. But we accept all thus and turn the other way. Too many people are profiting from thus gig. And keep electing Christy Ckark.

Combat roach

Chinese scumbag was advised what to do. Motherfucker cheated, gambled and won. Collective fubar…

fomostyle

Wow. Can you imagine real estate prices in Vancouver if UBC had a 20 pct cap???

http://www.latimes.com/local/lanow/la-me-ln-uc-limit-nonresident-students-20170306-story.html

Van real estate buff

Mar 6, 2017 Daily Review of Vancouver Real Estate Housing Bubble News https://youtu.be/PiHSr3Wc_dE

Van real estate buff

February 2017 Monthly Review of Vancouver Real Estate Housing Bubble News https://youtu.be/uS7DVawvcjk

BubbleTea

Today’s Province: “More than 21,000 people with permanent resident cards who had the opportunity to become Canadian citizens have turned their back on the quest in the past two years.”
“And they are not expected to declare their foreign assets to Canada Revenue Agency.”
“In many cases, Kurland said, just the spouse and children who physically stay in Canada for five years end up being the ones who become Canadian citizens.”
http://www.theprovince.com/news/local+news/growing+number+migrants+renouncing+canadian+immigrant+status/13054878/story.html?utm_source=dlvr.it&utm_medium=twitter
WE ARE SUCH A SUCKER!

Best place on meth

“A lot of people with permanent resident status have wanted to get their family and wealth transferred into Canada,” said Hyman. “Some have bought multiple properties. By renouncing their permanent resident status they can stay below the radar and avoid Canadian taxes.”

Yeah, we know.

Just me

The most shocking thing: there are still plenty of people who will not acknowledge this us happening on a massive scale. They will use the race card to shut diwn any criticism of the system.

Shut It Down Already

Just me, do you condone the use of racial slurs? Do you consider those who call out such bigotry to be “playing the race card”?

Combat roach

Cancel those visitors visa nonsense and deport the shit out. Enough is enough, they ruined the country while Canadians compete who is bigger sucker.

ostritch

Have you notfollowed the insane do-anything-to-stop-him tactics used against Trump? You think anyone here will turn this ship around? We don’t have any other economy other than selling ourselves. Never have. Never will.

Shut It Down Already

Nobody’s ruined the country, drama queen.

Confucius

I think these two ruined the country with their grammar.

Just me

Growing number of migrants renouncing Canadian immigrant status

http://vancouversun.com/news/local-news/growing-number-of-migrants-renouncing-canadian-immigrant-status

“Many people are renouncing five years after landing (in Canada), rather than renewing their permanent cards, as they are working in China and do not meet residency requirements,” says the internal report, published in the Vancouver newsletter Lexbase. “Their children often remain in Canada to complete school and to begin their careers.”

According to three Vancouver immigration lawyers, many people who renounce their permanent resident cards continue to return to gateway cities such as Vancouver and Toronto to visit their families as temporary visitors, especially on the increasingly popular 10-year visas.

Best place on meth

“Richard Kurland, author of the Lexbase newsletter, said it’s become common for breadwinners to bring their entire family to B.C. as permanent residents and then to decide “either it’s too cold or there’s no way I’m going to file an income tax return and report my global interests and property and pay taxes in Canada on that. I’m returning to my country of origin.” In many cases, Kurland said, just the spouse and children who physically stay in Canada for five years end up being the ones who become Canadian citizens. “They get into the country. But not the person who brought them to Canada in the first place.” In some cases, Kurland says, the family members who remain in places such as Vancouver, Toronto or Montreal while the breadwinner pays taxes elsewhere end up living, “technically,” below the poverty… Read more »

Combat roach

They aren’t labeled as locusts and parasites for nothing. It is fucking leaching instinct that can only be brutally dealt with.

Shut It Down Already

This is now a far-right blog.

Just me

Yeah, right.
We are all far right NDP voters.

You are clutching at straws to defend the shameful behaviour of Chinese mainlanders in Vancouver.

You are asserting that illegality is OK, and we should not do anything sbout it because it would be racist. Be very ashamed of yourself.

Shut It Down Already

Take your strawman arguments and stick them where the sun don’t shine?

Where did I assert that illegality is ok, exactly? Do feel free to quote me.

I’ve said the opposite – that discussing such matters is not racist if AND ONLY IF people can be mature enough to drop the racial slurs. Frankly I don’t think the “comedians”
here have that in them.

Newcomer

I think, “far stupid” might be a better description but I agree with what you are getting at. Most of the posts are coming from xenophobes and they have come to feel that there is no sentiment to shameful to voice. It would be handy if there were a way to automatically filter out posts from the tinfoil hat brigade. I did find that they can effectively be swayed toward reason when their stupidity and/or evil is repeatedly and clearly pointed out. But they have short memories and limited self-awareness. A number of them have genuine intellectual and educational barriers to deal with and others are dealing with mental health issues. I’m not saying that to be inflammatory. Everyone has something and in terms of our expectations of others, it is worth keeping limitations in mind. If something would actually… Read more »

paulb

New
328
Price Change
43
Sold
140

TI:8228

http://www.clivestevepaul.com

bullwhip29

*** to the delight of many, i will refrain from posting anything further following this post. i think enough has been said and the walls are finally beginning to cave in on our gangster-in-chief. this said, expect some desperation hail mary’s in the coming weeks including more massive spending (with accompanying lies and 100’s of millions of imaginary monopoly money), out of left field mega projects yet to be announced and perhaps even a george bush-esque payoff to all voters all the while playing the female victim card and sadly declaring she is being unfairly picked on like hilary clinton was during the US elections and that voters should not base their election decisions on “fake news” and other lies. cheers all!

Combat roach

Hey, hold on for a bit and don’t leave yet. It’s challenging time and VCI needs an intelligent and informed realists to contribute otherwise the usual bullshitters will prevail.

Just me

I think it would be helpful to stick around. The election is coming. She might still win it, if people vote with their belly instead of their brains.

bullwhip29

Probe launched after BC Liberals accused of accepting illegal donations
http://bc.ctvnews.ca/probe-launched-after-bc-liberals-accused-of-accepting-illegal-donations-1.3313341

>>> finally the story is trickling out thru msm…(almost 24 hr later i might add) this SHOULD be the lead story on this evening’s news but i am not holding my breath. one can only wonder if john horgan suspected such a story would surface and that the prudent thing to do until such time would be to play cards close to vest and say very little. perhaps the plan all along was to let krusty hang herself?

Newcomer

That is just what I was thinking. We’ll have to see if he makes a play now or continues to hide under a rock.

Just me

If he attacks her, Horgan has to propose some significant changes to the donation system.
One thing we know: donation bribes will persist under the BC libs.

patriotz
Best place on meth

It was the 6th such bill proposed by the NDP that was rejected by the Libs.

As for public funding of campaigns:

“If you took the Ontario formula — I did this roughly in my head,” de Jong continued, riffing on the theme, “that would see between, I think, $15 million and $20 million of taxpayers’ money paid directly to political parties in B.C.”

Well Landlord Mike, that’s like 3 to 4 dollars per person.

Where shall I send my 3 bucks to ensure that my elected representives begin representing the people again?

Just me

Mike De Jong is rotten.

Combat roach

Of course, it is enough to spot his face and all becomes clear. A small town corrupted gangster.

bullwhip29

Elections BC probes allegations against BC Liberal donors
http://www.cbc.ca/news/canada/british-columbia/elections-bc-probes-allegations-against-bc-liberal-donors-1.4011948

“…the matter could be forwarded to the Justice Ministry’s Criminal Justice Branch if it appears that the Election Act was contravened.”

“The reason why it is critical is because the RCMP would have access to other information and they are ultimately the one that will determine if this is criminal,”

Just me

How very disappointing that our local media (Vancouver Sun, CBC local coverage) have yet to pick up the story on illicit campaign contributions to the BC Libs.

Have we reached the point in which we are so corrupt or desensitized in this city that we don’t have care about our Provincial government breaking the law?

Fake indignation, that’s all we can muster. Sad.

Abdul Lahazi

I recall how the media went after Glen Clark, and to a lesser extent Mike Harcourt. Those were real witch hunts!

bullwhip29

global is on board now…
http://globalnews.ca/news/3291098/elections-bc-reviews-donation-allegations-involving-the-provinces-liberal-party/

“…the penalties for violating the financing provisions of the Election Act are a fine of not more than $10,000, imprisonment for a term of not longer than one year, or both”

Best place on meth

No death penalty, huh?

Dammit.

bullwhip29

obviously the powers that be are strong arming local media outlets to not mention the illegal political donation story which kathy tomlinson broke on the weekend. instead we get more on trump, local shootings, stabbings, car accidents, snowmageddon and the seemingly endless list of morons who insist on hiking or snowboarding out of bounds without a jacket.

Hyper-mega-Bull

Private media is on the same side as the Liberals. CBC is more interested in drug addicts, mentally ill, and Chinese seniors.

Combat roach

Interesting observation, there must be something that these 3 specific group of people have in common?

bullwhip29

Bank for International Settlements says Canada is showing early warning signs of financial crisis
http://business.financialpost.com/news/economy/bank-for-international-settlements-says-canada-is-showing-early-warning-signs-of-financial-crisis

Hyper-mega-Bull

Early signs? So how many years till a full blown crisis?

bullwhip29

Proposed class action against B.C. says foreign-buyers’ tax unconstitutional
http://vancouversun.com/news/local-news/proposed-class-action-against-b-c-says-foreign-buyers-tax-unconstitutional

>>> not sure why this article keeps getting re-posted on Vanc Sun and other media outlets. eyes on the ball people…

Screwed
Donald T

who is going be burned first? One holding a lots of debt, or cash? I don’t know the future, but I know if you hold on the CAD you are already 50% dead. silly article.