Getting Denser

There is a move afoot to discourage owners from tearing down pre 1940s character homes in Vancouver, but this brings concerns that such a move would limit development and supply.

The mayor agrees and is making statements hinting at increasing housing mix in low density neighborhoods:

“People are feeling squeezed out,” said Robertson.

He argues since 2011, more than 1000 people have left neighbourhoods like Dunbar, Arbutus Ridge and Kerrisdale — neighbourhoods that feature character-style homes.

“It’s clear our lowest density neighbourhoods are changing and we need to make sure they’re changing for the people who need them,” he said.

Robertson says, “now is the right time to advance the conversation for more affordability and a mix of housing types that fit within our single family home neighbourhoods.”

His statement says that mix could include townhomes, row houses, and duplexes.

Meanwhile, roughly 1,000 homes are torn down every year in Vancouver and the majority of those were built before 1940.

Read the full article here.

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

“No more housing rule changes, mortgage group urges federal government”, CBC News

http://www.cbc.ca/news/business/mortgage-rules-mps-1.4013334

“The group that represents mortgage brokers across Canada was in Ottawa on Tuesday to urge parliamentarians to tinker with their recent homeownership rule changes and hit the brakes on introducing any new ones.”

Newcomer
Member
Newcomer

We could certainly use more attached houses. Space between houses is generally a waste.

Banned Oracle
Guest
Banned Oracle

Or maybe limit both temporary and permanent immigration to the average of the G7 nations or even G20 nations.

We are #1/#2 changing spots regularly with Australia. Guess what Australian cities also have?

Doomcouver
Guest
Doomcouver

With over 25k homes empty in Vancouver I’d say space INSIDE houses is the real waste here. Densification currently only benefits speculators and builders. Real residents get no benefit when more soon-to-be empty condos get built in place of detached houses.

Newcomer
Member
Newcomer

I agree completely. I just want more townhouses build because I prefer them to SFDs.

KickThemOut
Member
KickThemOut

We have lots of seniors living in 4br or bigger houses. Houses that could easily house 2 or 3 families. Those under-utilized houses also need to be regulated and put onto the market to help out families who are priced out.

Newcomer
Member
Newcomer

Don’t be silly.

Doomcouver
Guest
Doomcouver

Soylent Green is the solution.

Best place on meth
Member
Best place on meth

Go Logan’s Run on their wrinkley boomer asses.

KickThemOut
Member
KickThemOut

Yes they are, until there is a fire, and then you will wish there is a wider space between you and the burning house next door.

Newcomer
Member
Newcomer

That actually not the case anymore. Row houses have very serious firewalls so that the chances of fire spreading from one row house to the next are no higher than the chance of fire jumping to a nearby SFD. People are thinking about this stuff.

Bear Vancouverite
Member
Bear Vancouverite

Would love to see row houses in certain densified areas, attached or with a few ” of space between them, with front and back yards and potentially detached garages or carports.

10 standard 33×120 lots could become fifteen 22′ wide rowhomes. Such homes would be almost as spacious as a SFH, allow 50% densification, and still allow the outdoor “picket fence” dream. I do hope we don’t go narrower than 20′ wide for such homes though, but I do understand other cities go narrower (and higher).

ostritch
Member
ostritch

So MacDonald to Alma would be 2M per townhouse. No price relief there. HAM would snap them up and trade them.

southseacompany
Member
southseacompany

“OECD boosts outlook for Canadian economic growth, but flags housing market as risk”, Financial Post

http://business.financialpost.com/news/economy/oecd-boosts-outlook-for-canadian-economic-growth-but-flags-housing-market-as-risk

“The OECD flagged Canadian house prices, particularly those in Vancouver and Toronto, as a risk in a report it released last June on Canada. That concern remains, with the OECD on Tuesday reporting that Canada’s house price-to-risk ratio is at its highest level since 1980.”

BubbleTea
Guest
BubbleTea

Instead of Denser, why don’t we tackle the root of the problem like Paris: Vacant Homes Are A Global Epidemic (And Paris Is Fighting It With A 60% Tax)
Runaway real estate speculation has been filling global capitals with vacant homes, creating artificial shortages in the world’s most sought after cities. The “shortage” has made local home owners wealthy overnight, but it comes at the cost of turning lively cities into empty shells. The city of Paris has decided it’s had enough, and implemented a tax in 2015. They didn’t quite get the results they wanted, so they’re now tripling the tax to 60%.
http://www.zerohedge.com/news/2017-03-07/vacant-homes-are-global-epidemic-and-paris-fighting-it-60-tax

Newcomer
Member
Newcomer

I agree. I see denser as just inherently desirable for a city, without even thinking about cost, and we don’t actually need denser to lower costs, as there are already enough condos sitting empty to absorb ten years of population growth.

Bear Vancouverite
Member
Bear Vancouverite

I still disagree with this. It might be true if all growth was in non-family households or “bachelors” (singles), but we know the greatest pressure right now is in family dwellings. A huge majority of units being built are single bedroom or even zero bedroom dwellings.

We need to drastically reduce per sq ft costs of attached units and require developers to allocate more of their projects to 2BR and especially 3BR/4BR units. I don’t know a single person right now in the 25+ age group looking to buy a single bed unit, and yet that’s all we seem to build because it’s “affordable”.

Newcomer
Member
Newcomer

I was thinking from a rental, not a purchase perspective. On the rental side, if all those unit came available, everyone would move out from shared accommodation, houses that were broken up into suits could be turned back into houses, and there would be roof for everyone.

patriotz
Member

Of course, there is loads of family accommodation being built in the suburbs. Given a choice between a 3br condo in the City and a 3 br townhouse in the burbs at the same price, almost everyone would choose the townhouse. That’s why the former don’t get built.

BubbleTea
Guest
BubbleTea

Remember this: New census counts 25,502 unoccupied homes in Vancouver, for 15 per cent jump over 2011. We do not need Denser, we just need the homes filled!

Banned Oracle
Guest
Banned Oracle

Those included homes occupied by foreign students and 10 yr visa holders. They classified them “empty” to deflect the discussion about the root cause which i have pointed out.

KickThemOut
Member
KickThemOut

That’s cuz they only use them for 7 months of the year max.

KickThemOut
Member
KickThemOut

I bet you just love it when gov’t comes up to you and say “I’m from gov’t and I’m here to help you!”

patriotz
Member

The banks and the rich love it for sure, but they know the government is more sincere about helping them than ordinary people.

ostritch
Member
ostritch

I wonder how HAM get around Parisian tax. I think I have an idea.

best place on earth
Guest
best place on earth

those bungalow homes are just eyesores. Tear them down, make more density, more modern. those advocate to keep the old homes, do they wear their grandma’s dresses, and drive grandpa’s tanks!

Hyper-mega-Bull
Member
Hyper-mega-Bull

You want to tear down other people’s houses because you don’t like the way they look?

Seems extreme.

KickThemOut
Member
KickThemOut

Sounds like good old fashion bears who want to destroy those Van Specials cuz Chinese live in them. Heck, back in heydays of this blog when there are Bull vs Bear battle maps, RE rollercoasters, and Van Downtown Condo Index, some bears even wanted a major earthquake to level the city so they can rebuild without the Chinese – kind of like the Biblical flood…except it’s magically and only affects Chinese and immigrants.

ostritch
Member
ostritch

That got a chuckle outta me.

best place on earth
Guest
best place on earth

so, stupid bears want the housing market crashed, cuz , they can’t afford them? that is extreme.

Hyper-mega-Bull
Member
Hyper-mega-Bull

Are you making a statement or asking a question?

Also, bears being stupid and saying extreme things has nothing to do with you being stupid and being extreme.

Your arguing style is similar to space889’s.

Banned Oracle
Guest
Banned Oracle

FOMO posted this yesterday:

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

—————————–
I’ve contacted the NDP regarding instituting a 15% cap on foreign students at any school in BC. Crickets.

I’ve contacted the Fed Liberals regarding modifying the 10 yr visitor visa where holders can only stay here 3 months in a given 12 month period. Crickets.

Both would crash the real estate markets.

Banned Oracle
Guest
Banned Oracle

I’m glad people are starting to see the root cause of the housing mess. Money laundering by the aforementioned groups.

The money laundering going on by permanent residents/Citizens already here is a growing problem. Maybe tax 2nd homes….

Banned Oracle
Guest
Banned Oracle

Clown Newcomer Downvoting…

Just me
Guest
Just me

Interesting quote:

““Given the economic climate and competition, California parents have to start being selfish,” Tan said. “We can’t stay all liberal and let everyone in.””

KickThemOut
Member
KickThemOut

Cue outraged Liberal lynching mob in 3, 2, 1….

Hyper-mega-Bull
Member
Hyper-mega-Bull

Sinophication in action

Happy year of the Rooster from MacArthur Glenn mall

http://imgur.com/KbgMPcj

Best place on meth
Member
Best place on meth

She looks nothing like a rooster.

Well….maybe the legs.

Just me
Guest
Just me

Chinese inquiries in Toronto, Montreal, Calgary real estate spiked with Vancouver tax
Education cited as top search motivation in several markets

http://www.cbc.ca/news/business/juwai-sotheby-china-canada-searches-1.4013285

The top motivation cited by potential property buyers from China when they searched for properties in Toronto, Vancouver and Montreal was education, cited by 41 per cent, 44 per cent and 46 per cent of enquirers, respectively.

Only a small segment of people cited immigration as a key motivation for their search, at 14 per cent, three per cent, 13 per cent and 10 per cent of those inquiring in Vancouver, Calgary, Toronto and Montreal, respectively.

Best place on meth
Member
Best place on meth

Schools in china must be incredibly shitty.

Which actually explains a lot.

Hyper-mega-Bull
Member
Hyper-mega-Bull
Newcomer
Member
Newcomer

Ha!

KickThemOut
Member
KickThemOut

yes, they are going to ban K-Pop and K-Drama from South Korea! hahahahha….

Best place on meth
Member
Best place on meth

“At the same time, a diplomatic battle between North Korea and Malaysia after the assassination of Kim Jong Un’s half brother in Kuala Lumpur escalated sharply Tuesday as Pyongyang banned all Malaysians from leaving its territory, prompting the Malaysian government to accuse it of hostage taking.

Malaysia retaliated by banning all North Koreans from exiting its borders and warning the Kim regime that it was inviting further international opprobrium. ”

Now if only china would ban all chinese from exiting its borders the world would be a much better place.

Newcomer
Member
Newcomer

Oh, man. You know how those North Koreans just can’t take international opprobrium.

southseacompany
Member
southseacompany

“Bank for International Settlements says Canada is showing early warning signs of financial crisis” Financial Post

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

“In a quarterly review published Monday, the Bank for International Settlements, or BIS, said Canada is among the jurisdictions showing early warning indicators for financial crises and domestic banking risks.”

FOMO
Guest
FOMO

lol

Liberals finally saying yes to Uber…in December…if they win…..holy trying to buy the younger gens vote. (But I do want Uber)

http://vancouversun.com/news/local-news/uber-vancouver-bc-government-announces-support-for-ride-sharing

KickThemOut
Member
KickThemOut

How is Uber fundamentally different from a taxi service again?

FOMO
Guest
FOMO

MUCH cheaper

Bag it and tag it
Member
Bag it and tag it

You know how long it will take to arrive, you know the cost before the trip, payment automated, driver and passenger are being rated so both are trying to impress.

KickThemOut
Member
KickThemOut

But how does that make it different from a taxi service such that taxi regulations shouldn’t apply to it?

Newcomer
Member
Newcomer

They are a little late, Uber was just voted most evil company on the planet by Millenials.

FOMO
Guest
FOMO

It’s for ride-sharing overall dude. Not just for Uber. (eye-roll)

Banned Oracle
Guest
Banned Oracle

Why wait until 2018 to bring it in?

Bear Vancouverite
Member
Bear Vancouverite

@SIDA – from the previous thread we were discussing what you thought was a fair market value for the property. You said it depends on the rent, leverage, and interest rates.

The property was rented for $4600/mo, let’s assume that is the rental rate you can get after you buy, and assume no vacancy for the sake of simplicity.

With that rental income, 20-25% down, and current interest rates of say 2.8%, using your investment methodology, what is the break even purchase price of this property for an investor?

Just me
Guest
Just me
I don’t mean to be negative, but this kind of calculations have been done over and over again for the best part of the last 10 years. In fact, I used to ask the same questions in 2007 on the VHB blog as well as this one. It seems clear that the pricing of Vancouver real estate is not based on rent=based cash flows and annuitization-based pricing models. They were not working then, they are not working now. Yet, prices don’t budge, they only adjust marginally down before shooting up again. It is clear that there are non-pecuniary considerations in the pricing of Vancouver RE. It has been shown that one of the most important non-pecuniary considerations is the willingness of offshore buyers (mostly Chinese mainlanders) to use real estate in Vancouver as way to hedge risk and store wealth… Read more »
MarKoz
Member

London calling…

Wealthy real estate investors have no problem paying £220,000 per year, per property to remain anonymous.

https://www.theguardian.com/uk-news/2017/mar/05/rich-pay-up-to-keep-property-ownership-secret

patriotz
Member

“what you thought was a fair market value for the property. You said it depends on the rent, leverage, and interest rates.”

Fair market value is simply what a property will sell for in the open market, regardless of any other factor. Fundamental value depends on rent, leverage, and interest rates.

Shut It Down Already
Guest
Shut It Down Already

I don’t have a reverse calculator, but I think it’s somewhere just shy of $2m. I don’t recall the listing price but I think it was a 2-3x multiple of that, and I mentioned at the time that even without running the numbers it was clearly something to rent rather than buy. My general position is that the lower end of the market can still make sense as a purchase, but SFH are out there in la-la land. So it’s a bit more subtle in my mind than simply labelling every property across all housing types as being in bubble territory.

But I also believe that when SFH topple the psychological factors at play will likely affect the entire market.

Bear Vancouverite
Member
Bear Vancouverite

Thanks for the reply, very helpful.

This puts the rent to own at about 434x. Does that equation change for you if you are considering a property to live in, versus as an investment? If it is different for primary residence vs investment what would your methodology let you value the same property at?

Just me
Guest
Just me

I am in disbelief. The Vancouver Sun has not mentioned the donations scandal involving the BC Libs so far. Not even a small piece highlighting the repeated and large violations of financing rules.
Other local media have only mentioned it in passing.
What is going on?

Banned Oracle
Guest
Banned Oracle

The MSM are the Liberals/Corps. They are trying to give the illusion of impartiality while having an overall goal.

Best place on meth
Member
Best place on meth
Banned Oracle
Guest
Banned Oracle

Regarding the Rideshare announcement today; Here is what will happen.

Christy is going to give away $3.5 Million to install crash avoidance technology in all the taxis in the province. Then when ridesharing is allowed, ICBC will require all UBER/Lyft cars to have this technology in order to be licensed otherwise their insurance is going to be sky high!

This is all a red herring. Spread the word. They really think most people are stupid in BC.

https://news.gov.bc.ca/ministries/transportation-and-infrastructure

KickThemOut
Member
KickThemOut

isn’t personal insurance void if you drive for Uber and has an accident?

Newcomer
Member
Newcomer

Think about it.

Ulsterman
Member

I recently took an uber from Venice Beach to LAX. I had a very well-informed driver. She said that LA uber drivers earned less than many uber drivers in other jurisdictions. She was making about USD$25/hr driving. She has her own personal insurance for driving her own car. The minute she picks up a fare the car and passengers are insured under the Uber insurance policy.

For the record the service was fantastic in both directions. Friendly drivers, nice vehicles, half the cost of the airport taxi fare, the car comes right to your location – no complicated directional instructions, you know exactly how long the car will take to arrive, the fare is fixed, no tipping, and the driver follows google maps so no rip offs.

It makes conventional taxi services look so 20th century.

Just me
Guest
Just me

Here is the reason why valuations have temporarily stopped their upward trend. If it holds up a little longer, we might see some continued, but minor, price adjustments downwards. We are back at late 2015 prices, we might get prices of early 2015. The only way to have serious adjustments is to implement significant and prolonged measures to dis-incentivize the use of RE as a way to store wealth acquired abroad.

http://blogs.barrons.com/emergingmarketsdaily/2017/03/07/what-to-make-of-chinas-fx-reserves/

“China’s FX Currency Reserves Gain: Goodbye Foreign Real Estate?”

Just me
Guest
Just me

From the article linked above:

“We would imagine that institutional support for corporate investment in key industries such as mineral and energy extraction will mean that permission for foreign investment granted (after a typical bureaucratic delay), but real estate accumulation in global “gateway” cities does not strike us as a strategic need of the People’s Bank of China. Again there is already evidence that capital controls have started to affect actual transactions, but it will be several months before there true impact can be measured …”

patriotz
Member

“The only way to have serious adjustments is to implement significant and prolonged measures to dis-incentivize the use of RE as a way to store wealth acquired abroad.”

You should leave out the “acquired abroad” part.

Just me
Guest
Just me

I know what you think. I would be already quite happy if they stopped inflows from the outside. Anything else is a bonus.

patriotz
Member

It is impossible to effectively separate “local money” from “foreign money”. The rules have to apply to everyone. That doesn’t mean everyone get hit with penalties, of course.

Just me
Guest
Just me

I can only say that we have a workable plan achieving that. It was proposed here:
http://www.housingaffordability.org/

goofus ottawais
Guest
goofus ottawais

no, i doubt it. People are croaking or going into old age homes faster than the upscale migrants that Soros and Clowns at the UN, or in the sniveller Ottawa bathouses, are trying to move in. Take a loom at Tswassen. 22 down price revisisions, zero up. The libtards gotta work harder. Perhaps feed geezers aborted fetuses to get them to live longer. Up the credit card limit on Syrians. Do Something Soros!!

Just me
Guest
Just me

http://www.huffingtonpost.ca/2017/03/07/foreign-buyers-vancouver-canada_n_15212804.html

“Searches for Vancouver real estate in China tumbled to a fraction of its former levels last year, according to data from China’s largest real estate portal, Juwai.com.

The decline in interest from abroad could help explain the 40-per-cent decline in home sales the city has seen in recent months, and the 50-per-cent decline in the volume of money flowing through the market.”

Doomcouver
Guest
Doomcouver

This is excellent. Now we just need a foreign buyer’s tax Canada-wide. Any federal political party that floats this idea has my vote.

patriotz
Member

No federal party is going to advocate a foreign buyer’s tax because all 10 provincial governments consider it their domain and the feds are not going to get into a country wide fight over something only some voters in a couple of cities care about.

Joe Correlation
Guest
Joe Correlation

The foreign buyer tax did nothing. Home sales started collapsing back in April, months before the tax. Sales were lower in July before the tax, and then actually ticked up a little in August after the tax.

And recently prices have been ticking up again.

Your vote would be wasted.

Just me
Guest
Just me

I think the FBT did something in the sense that it insinuated some doubts among Chinese buyers. But I think you are right regarding the slowdown starting much earlier. It correlates quite well with the beginning of capital controls in China.

What has been happening for the past few weeks is a significant pick up in demand. Whether it is a sign of strengthening outflows from China or locals taking advantage of Christy Clark’s free money, it depends on the composition of sales.
If it’s houses again, it is Chinese money. If it is cheaper condos, it is locals on credit.

Shut It Down Already
Guest
Shut It Down Already

If only we had some data…….

ostritch
Member
ostritch

Primo condos now… along Cambie corridor… with views and bells and whistles getting up to 1600/sq ft. Insane.

Bag it and tag it
Member
Bag it and tag it

Sales slowed but did not collapse back in April. They did however collapse after the tax was implemented. If you say it did nothing, you haven’t been paying attention. Also worth noting that sales picked up bigly in areas outside the tax zone just as sales starting slowing in April, which is because those in the know knew the tax was coming.

ostritch
Member
ostritch

I think the point he is making is that the momentum started months before. Some attributable to that. Some attributable to tax.

ostritch
Member
ostritch

Agree

paulb
Member

New
223
Price Change
27
Sold
206

TI:8206

http://www.clivestevepaul.com

Just me
Guest
Just me

Over 200 sold. Anyone has info about composition (above/below 750k, the threshold of Christy Clark’s free mortgages)?

Confucius
Guest
Confucius

Paul, are the sales based on firm sales or closed sales? Thanks in advance.

ostritch
Member
ostritch

Dude. They’re sold. Closed. Filed. Posted.

Confucius
Guest
Confucius

Thanks, so Zolo’s numbers, although prorated, are more real-time as the sales are based on when the contract goes firm.

patriotz
Member

“are the sales based on firm sales or closed sales? ”

REGBC posts sales numbers when subjects are removed. The closing date, which is when the actual sale happens, can be months later.

Just me
Guest
Just me

Since we are on the topic of Christy Clark’s free money, here is the OpEd of the academics on the vancouver Sun, after the assistance to buy came out:

http://vancouversun.com/opinion/opinion-b-c-s-new-first-time-homebuyer-loans-are-a-bad-idea

Dave
Member

The only reason the Liberals did this was to appease their donors. It’s obviously a bad idea and was only brought in to keep the housing market inflated.

If housing costs are an issue to you in this election, then you can’t vote for the BC Liberals.

I’m a former supporter, party member and volunteer.

They’ve lost me.

They have also lost my influence and I am a very persuasive person. I am know going to work against them and I think I can effect dozens of votes.

I won’t vote NDP or Green out of principal. I’ll have to find a 4th party or I will spoil my ballet and write in ‘none of the above’.

ostritch
Member
ostritch

So a house in a SFH zoned that sells now for 3.5 will fetch how much to knock down and rebuild a triplex plus coach house?

Newcomer
Member
Newcomer

I would say at least 17 million dollars. Of course, that’s if you get in now. Within a decade a lot in Vancouver will be worth more than all the money that exists in the world. Buy now or be priced out for ever and ever, amen.

ostritch
Member
ostritch

Shit. I’ll call my agent in the morning.

Just me
Guest
Just me
ostritch
Member
ostritch

And I predict old school fed will be out in 2018.

Newcomer
Member
Newcomer

Betting against the United States, huh?

Just me
Guest
Just me

He means Trump will give them the boot.

patriotz
Member

Federal Reserve Board members serve 14 year terms.

KickThemOut
Member
KickThemOut

Staggered and Yellen’s term end in 2018.

I thought for a financial guru, you would know that.

KickThemOut
Member
KickThemOut

The battle against Trump is not over yet. Dems would like nothing better than a painful recession right before the mid-term elections.

Newcomer
Member
Newcomer

They so don’t need that to sweep the midterms.

history
Guest
history

do libtards sweep? sounds like work

Best place on meth
Member
Best place on meth

Libtards go out and angrily march for rights they already have.

Happy fucking womens day!

Newcomer
Member
Newcomer

https://www.ft.com/content/e2be29fe-f724-11e6-9516-2d969e0d3b65

Slowing India property market stirs investor angst
Developers that bought more land instead of completing projects

history
Guest
history

id buy land in Afghanistan. Fentalyn putting opium outta business. You can actually have a life in that country.. especially now since they shipped off the losers to Canada during the Multicultural and Family reunification scam years (which was a cover for the CIA to buy off the Fraser valley punjabs)

YVR
Guest
YVR

Uber coming to BC.

The provincial Liberal party has announced it intends to bring ride-sharing services to B.C. in time for the 2017 holiday season.

Unless the NDP are elected. Poor NDP just don’t get it. Always the bridesmaid.

NDP leader John Horgan said if he’s elected, his party will not follow through on the Liberals’ plan

http://bc.ctvnews.ca/b-c-to-welcome-ride-sharing-companies-by-december-2017-1.3314632

Best place on meth
Member
Best place on meth

I’m sure this subject will change the votes of up to 3 people.

YVR
Guest
YVR

Just another reason the NDP won’t get elected. They continue to announce policy the majority of voters do not want.

British Columbia has the second highest support for Uber in Canada (Alberta tops the list with 50 per cent of people there thinking Uber should be allowed to operate), while just nine per cent believe Uber should “definitely not” be allowed to operate in their hometowns.

http://www.metronews.ca/news/vancouver/2016/02/12/38-percent-want-uber-in-british-columbia.html

patriotz
Member

“British Columbia has the second highest support for Uber in Canada (Alberta tops the list with 50 per cent) ”

Which means fewer than 50% of BC’ers support Uber. Anyway, I don’t think it’s a make or break issue in BC or any other province.

Shut It Down Already
Guest
Shut It Down Already

Half of the taxis in BC are in Vancouver. I imagine some people outside the city would welcome the service Uber might provide.

YVR
Guest
YVR

Wrong. Actually it says 9% don’t want Uber. There are a bunch of people that don’t care. 9% opose versus 50% in favour. Which side would a shrewd politicain be on?

The only reason the NDP opose this is because the taxi organizations have donated to them. They also donated to the BC Liberals. Which party is signalling they can be bought?

KickThemOut
Member
KickThemOut

So basically, Uber a lying cheating, criminal corporation that openly flaunts the law is ok cuz it will save me some $$ on a cab ride, and potentially no insurance in case of accidents, in a car that’s not regularly inspected. But a similar company AirBnB doing the same type of thing is bad cuz it might make my rent higher.

Moral of the story, Vancouverites find it ok to screw one group (taxi drivers) & forget about safety regs if they can save some money. But gets up in arms if the same type of thing ends up costing them some $$, even though Uber & AirBnB basically operates on the same biz strategy.

Abdul Lahazi
Guest
Abdul Lahazi

More Chineze pandering by the BC Liberals:
http://www.cbc.ca/news/canada/british-columbia/bc-legislation-teresa-wat-1.4014617?cmp=rss
What is the point of all of this? Votes?

Just me
Guest
Just me

Money.

Combat roach
Guest
Combat roach

Command from the masters. China’s National People’s Congress kicks off this weekend.

patriotz
Member
YVR
Guest
YVR

Do you prefer the Bill/Hillary Clinton route where foreign governments just pay them directly for speeches or donations to their foundation? The horror Trump gets granted a trademark for his name. The same treatment any corporation is entitled to so they can operate a legitimate business.

southseacompany
Member
southseacompany

“‘It’s terrible, it’s just discouraging’: Desperation sets in for house hunters in red-hot Toronto market”, Financial Post

http://business.financialpost.com/personal-finance/mortgages-real-estate/its-terrible-its-just-discouraging-desperation-sets-in-for-house-hunters-in-red-hot-toronto-market

““It’s terrible, it’s just discouraging,” Kayali, 27, said. “You go to the open houses and it’s mostly couples like us. And we’re all in the same boat, looking at one another and I’m thinking ‘O.K. You’re probably outbidding me.’””

patriotz
Member

“You go to the open houses and it’s mostly couples like us”

That is, people under 30 with no kids who think they need a SFH. I confess I bought my first SFH when I wasn’t much older, but nobody was complaining about the prices back then.

KickThemOut
Member
KickThemOut

Oh Patriotz, I’m sure if VCI existed back in the days when you bought your first house, you will be on there complaining about high prices and advising OTHERS NOT TO BUY.

Newcomer
Member
Newcomer

Do you realize you are saying this to a guy who owns his house?

Shut It Down Already
Guest
Shut It Down Already

I’m sure he does, because he’s referring directly to events of a few year ago.

Shut It Down Already
Guest
Shut It Down Already

Just like Garth says – many today believe their first house should be better than their parents’ last.

Yet they blame foreigners rather than their own sense of entitlement.

history
Guest
history

my parents last place of rest was a hearst, and i live in a vehicle, sounds pretty balanced to me.

squeak
Member
squeak

I assume this is some kind of sarcasm.
Just to be sure.. how many times the average annual after tax income did a house in Vancouver cost then?
And how many times the average annual after tax income does a house in Vancouver cost today?

Did highly trained ie Physicians come to Vancouver or did they avoid Vancouver like the plague like they do today?

history
Guest
history

poor Kayali wants a Canuck house to fckn breed, but Canada is a cold coountry and the thot of screwing outdoors is antithetical to the 30C nightime temperature back home, in the old country. So much for coming to the land of free handouts.

squeak
Member
squeak

A house in Vancouver is not a kids game. I think at about 20 years ago or so, couples in their 30’s or 40’s, if they both worked fulltime and lived frugally and saved, could put a decent down payment on a decent house and if continuing to be frugal could pay off within 10 years or so.
Now the situation is that a full time working couple will need to live a 2 or 3 lives in a row in order to pay off a house in Vancouver.

wpDiscuz