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.

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Banned Oracle
Banned Oracle
3 years ago

If you guys haven’t figured it out yet;

YVR, Shut it down, and Newcomer are all recent Chinese-Canadians. No wonder the emotion and one-sidedness involved in their posts. I bet their parents are PR and do have income producing assets overseas….maybe even bring in illegal money.

This is the future of Vancouver. Ethnic ghettos only looking out for ‘their’ people.

Where is the allegiance to Canada?

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Banned Oracle

Get a grip, you total clown. Is there anything at all you’re able to get right?

Confucius
Confucius
3 years ago

Sales are flatlining. Look at the numbers on Zolo and see that sales are flatlining around fall 2016 numbers. It was a big jump from the dead of winter, but that looks like all the market has left. It was goosed up by the free FTB money, but that’s all she wrote. Early listers were smart to cash in during this last gasp. Sell now before the next leg down in summer.

Newcomer
Newcomer
3 years ago

Spoke to a guy who bought a place last week. I guess the knuckle-draggers would call him “Chinese” because he has Asian facial features, even though he’s a Canuck born and bred. He was a FTB. Late-20s. I asked him what made him pull the trigger and he said that he finally had enough saved up (he’s an engineer) that he could make it work. Price wasn’t really an issue for him, so long as he could cover the monthly payment. There are lots of people like this. They buy because they can and because buying is just what you do, as soon as you can.

fomostyle
fomostyle
3 years ago
Reply to  Newcomer

Interest rates …

Just me
Just me
3 years ago
Reply to  Newcomer

Good for him. He is not the problem. He probably bought a shoebox in the sky. Whatever.
My beef is with indoviduals and families who move here with a stash of cash and absolutely no imntention to contribute, work and pay taxes on their world income.
Chinese or not, I do not care. It just happens most are Chinese.

Best place on meth
Best place on meth
3 years ago
Reply to  Just me

Fake migrant is using the sleazy tactic of lumping people with legitimate concerns about offshore fraudsters in with those who are genuinely racist and xenophobic against immigrants in general.

Ignore the fake sleazebag.

YVR
YVR
3 years ago

“lumping people with legitimate concerns”

You may try a different way to express your “legitimate concerns” of you want people to take you seriously. You make a fool of yourself day after day here.

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  YVR

His daily use of racial slurs and hate speech is apparently legitimate to him. “Fool” is indeed the right word, but there are also others.

YVR
YVR
3 years ago
Reply to  Just me

My beef is with indoviduals and families who move here with a stash of cash and absolutely no imntention to contribute, work and pay taxes on their world income.

I bet the average Chinese immigrant pays more taxes than you and meth boy combined.

Banned Oracle
Banned Oracle
3 years ago
Reply to  YVR

Are you Chinese-Canadian by chance?

Banned Oracle
Banned Oracle
3 years ago
Reply to  Newcomer

Are you Chinese-Canadian?

Bear Vancouverite
Bear Vancouverite
3 years ago

I read an interesting article once which explored the question “doesn’t anybody have to work?”. That’s the sentiment a lot of ppl feel when they take a day off to take care of some chores or go visit the doctor, only to find that there are tons of people walking around a busy work day seemingly without a care in the world. So the article set out to question random people on a work day to see what they were doing, and what they were thinking. It turned out that most people questioned had a steady job,but had taken the day off, were on sick leave, on break, and otherwise taking time to take care of something that could only be done on a weekday. In a twist of irony, every person interviewed was curious why so many people didn’t… Read more »

Just me
Just me
3 years ago

Right. The chinese dudes are all on local jobs and income.
You are delusional. If they work, they do so in china and taiwan.

YVR
YVR
3 years ago
Reply to  Just me

How does a hard working dude like you manage to post on this blog 24/7 while holding a job?

Just me
Just me
3 years ago
Reply to  YVR

If only you knew.

YVR
YVR
3 years ago
Reply to  Just me

Welfare?

Just me
Just me
3 years ago
Reply to  YVR

I will let you guess.
For the record, unlike you, I have nothing against honest users of our welfare system. Christy Clark spent 700 millions in free money for RE loans, but is starving them to the bone.

The real welfare freeloaders she should worry about are the Chinese millionaires and their families.

YVR
YVR
3 years ago
Reply to  Just me

I have no problem with “honest users” of our welfare system either. Whiners who complain all day, all night every day with the same thing over and over again I do have a problem with.

fomostyle
fomostyle
3 years ago

Nice story. In a normal city. However in my case I’m talking about neighbours. Not random encounters.

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  fomostyle

You mean to say that your samples are even more biased?

YVR
YVR
3 years ago

One third of the Canadian labour force does not work a regular daytime shift. Add in vacation time, tourists, temporary unemployed, lunch breaks, mat leave, retirees, sales people (who may look like they are not working) , etc and you have a lot of people off during the day.

https://www.iwh.on.ca/shift-work-symposium/demers

Combat roach
Combat roach
3 years ago
Reply to  YVR

WTF is your point. We are not discussing special cases but the mainstream trend concerning a big number of Chinese in Vancouver.

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Combat roach

WTF is your point, come to mention it? We already know the city’s demographics without resorting to childish anecdotes.

Combat roach
Combat roach
3 years ago

You seem to be comfortable with demographics, full of freeloaders, tax cheaters, money launderers, students, housewives, homemakers and other kinds of scumbags leaching this society? Good for you!

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Combat roach

Students? The scumbags are the racists.

Just me
Just me
3 years ago

Why should we not discuss demographics? Is it somehow rude or a sensitive topic?

Best place on meth
Best place on meth
3 years ago
Reply to  Just me

We know about the latest demographics hitting our city.

Housewife demographic.

Student demographic.

“Businessperson” demographic

They all buy very expensive real estate with no apparant income and they all come from the same corrupt shithole.

They also enjoy our generous benefits without paying income taxes.

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Just me

Because you’re not discussing demographics. You’re implying that the Chinese-looking people you see on the street have questionable means of sustaining themselves. That’s not demographics and you know it.

Banned Oracle
Banned Oracle
3 years ago

Are you Chinese-Canadian by chance?

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Banned Oracle

That question only shows how little attention you’ve been paying.

Newcomer
Newcomer
3 years ago

It may be a case of not paying attention or it may be that she cannot process and retain information well. Whatever the reason, we can clearly see that she is does not understand even simple straightforward matters. No big surprise here.

YVR
YVR
3 years ago
Reply to  Combat roach

“WTF is your point.”

Let me spell it out for you like I would a small child. Just because you see someone in public during the day does not mean they do not have a job or run a business.

Best place on meth
Best place on meth
3 years ago
Reply to  YVR

“Let me spell it out for you like I would a small child.”

Says the incredibly immature clown who debates people who’s opinion he doesn’t like by saying they work at Burger King and live in a basement.

Fucking ass.

YVR
YVR
3 years ago

Sorry I made you cry the other day. Have you not gotten over it yet?

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Combat roach

He’s saying that his “special” case is actually the common case, dummy.

Newcomer
Newcomer
3 years ago

I talked about the same thing on the ski lift today with two random strangers. With the overflow parking lot half full on a Wednesday, it sure seemed like nobody has a job anymore. One guy had taken the day off, the other guy worked shifts, and I was making up for a lot of recent overtime.

Combat roach
Combat roach
3 years ago

Consensus, most likely all those Chinese out there on the Vancouver’s streets during the usual work hours are the landlords, enjoying their RE investments and taking a lifetime long vacations?

Confucius
Confucius
3 years ago
Reply to  Combat roach

This is the equivalent of dot-com investors believing that they don’t need to work anymore based on the steep trajectory of their casino winnings. There is a great financial shit-kicking coming to these people whether they are yellow, black, white, brown or respond. In the meantime, while they stagnate, I’m improving myself and I will buy their assets for pennies on the dollars.

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Combat roach

I see lots of young women on the streets of Yaletown during the day. The only possible conclusion is that they’re ultra-rich unemployed tax-evaders. Amiright?

paulb
paulb
3 years ago

New
213
Price Change
38
Sold
166

TI:8210

http://www.clivestevepaul,com

Burnaby
Burnaby
3 years ago

No question they are scamming big time. Most of the mainlanders are fronting for cash outflows and using their local YVR connections to buy properties. There are so many Chinese living around in my area in muti-million dollar houses and none of them even seem to have jobs.

fomostyle
fomostyle
3 years ago
Reply to  Burnaby

Westside here. Same. No one seems to work.

Newcomer
Newcomer
3 years ago
Reply to  fomostyle

Including you guys, apparently, as you spend the workdays wandering around staring at “Chinese” people. Life seems less scary when you’re working.

Burnaby
Burnaby
3 years ago
Reply to  Newcomer

I work my ass off. I was at work at 6AM today. Someone has to pay for the freeloaders.

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Burnaby

Sounds like an awesome job.

Just me
Just me
3 years ago

Better than leeching on the system and taking advantage of other people. Like you know who.

Combat roach
Combat roach
3 years ago
Reply to  Burnaby

Right, that is quite a phenomenon. Take a walk during the usual work hours and most of the folks on the street, either driving or walking, are Chinese. Go to Ikea or Costco on a working day, or stroll the mall, again all Chinese, tons of them. BC economy doesn’t even have that many jobs to accommodate such shitload of people and yet all of them drive expensive cars and live in multi-million $ houses while getting all benefits as citizens. Total fuckup…

YVR
YVR
3 years ago
Reply to  Combat roach

You do realize every time you view Chinese not working you are doing the same thing. Unless you work at Ikea.

Banned Oracle
Banned Oracle
3 years ago
Reply to  YVR

Its a fact that a higher proportion of Chinese population here in Vancouver do not work a “9-5” job. Show me evidence otherwise? Links? Sources?

Spec
3 years ago
Reply to  Banned Oracle

“Show me evidence otherwise? Links? Sources?” Burden of proof is on the advocate. It’s explained here for you…

http://www.gocomics.com/magnificatz/2017/02/16

Banned Oracle
Banned Oracle
3 years ago
Reply to  YVR

And if your math challenged, your case only holds true if he sees equal numbers of Chinese and other ‘ethnicities.’ Not if he is the only caucasian amongst 30 Chinese.

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Banned Oracle

Incorrect.

BubbleTea
BubbleTea
3 years ago
Reply to  Burnaby

Eastside Here, every where you go are mainlanders at all times of day. No one works.

Banned Oracle
Banned Oracle
3 years ago
Reply to  BubbleTea

Doesn’t make sense to buy a $3 million dollar job and have a $60,000 job paying $40,000 net per year.

Wait until road pricing hits. The local working suckers who pays taxes will subsidize these astronaut families again.

Banned Oracle
Banned Oracle
3 years ago
Reply to  Banned Oracle

$3 million house

fomostyle
fomostyle
3 years ago

I wonder what fertility rates are for locals in the lower mainland. I’m guessing very very low. We now need the immigration to keep the pensions etc going. Vicious circle. Almost all because of high house prices.

http://www.zerohedge.com/news/2017-03-08/us-fertility-rate-lowest-point-cdc-started-keeping-records-1909

Spec
3 years ago

We can fix our overheated housing markets. Here’s how. (From iPolitics)
For some LOLs from the vested interests…

Love the pleading “Stop tightening mortgage rules: Tightening mortgage rules has done little to affect prices in the hot markets, but have knocked many out of homeownership in all markets. Even if prices actually decrease (damaging equity for existing owners), affordability isn’t improved if buyers can’t qualify under new so-called “stress tests”. Economic drag is the result.”

http://ipolitics.ca/2017/03/08/we-can-fix-our-overheated-housing-markets-heres-how/

Newcomer
Newcomer
3 years ago
Reply to  Spec

Wow!

” In some respects, we don’t have a housing problem, we have an income problem; incomes have not kept pace with home prices…”

This level of wackiness is a treat so I was a little disappointed to see that there was such a banal explanation.

“ABOUT THE WRITER
Kevin Lee is CEO of the Canadian Home Builders Association. Bob Finnigan is national president of the Canadian Home Builders Association.”

Bear Vancouverite
Bear Vancouverite
3 years ago
Reply to  Newcomer

I wonder if Kevin Lee realises many people in the trades can’t afford homes locally either. Is the Association saying that the trades need a 300% increase in incomes so they can afford local homes? What does that do to home prices?

Dave
3 years ago

Add this one to the anecdote folder….

My daughter has a new friend from school and the family just came from China and bought a house on our street… say $2million. They can’t speak English so we google translate and let the kids figure it out.

Today she called from their cell phone so I googled that number. A bunch of ads show up in Chinese looking for people to take suitcases of ‘contraband’ back and fourth from China.

Some days I think this whole City is built on corrupt money.

Hyper-mega-Bull
Hyper-mega-Bull
3 years ago
Reply to  Dave

what are the chances people like that are paying income taxes?

what are the chances they will take advantage of low income benefits?

scammers gonna scam.

Dave
3 years ago

Next to zero chance. I think our government is completely inept. I think there is a huge amount of scamming going on. I’d love to see what you would find if you could search every piece of luggage coming on a flight from China. And that would just be a tip of the iceberg. Every direction I look I see sketchy stuff going on. A neighbour behind me (Chinese immigrant) just bought a house for a couple million and she works in a retail sales job. I ran into her working the floor. Another Chinese couple I know are looking to buy a double digit million dollar investment property. Yet, they both have regular jobs (and by regular I mean non-professional / non university). My personal income is easily double or triple theirs combined. I’m guessing these people are somehow… Read more »

Combat roach
Combat roach
3 years ago
Reply to  Dave

They are just hardworking traditional families, living humbly and saving. They would never commit to any wrongdoings. Cheating, lying and scamming aren’t their crafts.

Dave
3 years ago
Reply to  Combat roach

I think some local born white people are in on this scam too. I see a lot of real estate transactions and some stuff just doesn’t add up. There is no way that certain people should be buying certain properties.

It’s like the anecdote of the shoe shine boy giving you stock tips, except this time around he’s buying multiple investment properties.

Just me
Just me
3 years ago
Reply to  Dave

You are wrong. These are investors and our economy needs them.
Saying otherwise would be racist.
Ask Christy Clark if you don’t believe me.

Bear Vancouverite
Bear Vancouverite
3 years ago
Reply to  Just me

This is ridiculous. Anyone earning an income illegally is a criminal and should be prosecuted as such, with their money confiscated as proceeds of crime. Christy Clark would not defend proven criminals once they are outed.

Dave should be sending an anonymous tip to whatever authorities he can. My guess is the girls are no longer friends, since obviously that family would not make a good role model for his daughter.

Dave
3 years ago

If you can’t beat them, join them. I’m putting my daughter into Mandarin lessons and I’ll tell her no more speaking English at home or at her friends. As soon as she turns 14, she’ll be making some trips to China with ‘contraband’ luggage.

Combat roach
Combat roach
3 years ago
Reply to  Dave

I hear you, very challenging situation. I still believe there is a still hope for the human kind so rather try to save your kid.

Dave
3 years ago
Reply to  Combat roach

I’m friends with some of these people too. I have a friend who has been here for 4 years and he got in through the University loophole and after a couple years of school, it gave him another year to find a job. Eventually he got a job but I wouldn’t be surprised if he was the one paying the bill working from home and all. And once he got his residency, he’s no longer in that job and stays at home with his family in their owned apartment. So, he really hasn’t done any work and owns real estate and has helped other people from back home buy condos here which they use for a couple weeks here and there when they visit. I wonder what percentage of our immigrants actually take on real jobs versus coming here with… Read more »

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Dave

“I wonder what percentage of our immigrants actually take on real jobs”

What an astonishing display of ignorance.

Dave
3 years ago

How so?

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Dave

There are stats available, so no need to imply that immigrants aren’t somehow taking “real” jobs or aren’t employed at all.

As it happens, the unemployment rate of immigrants converges to that of born Canadians as their time in the country increases.

Perhaps you’d prefer to entertain
fantasies of tax-evading billionaires hanging around in Costco all day like the other morons here?

Dave
3 years ago

You aren’t counted as unemployed if you aren’t looking for a job.

Stats are meaningless if you don’t understand what the numbers of measuring.

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Dave

So you casually dismiss without caring for the stats yet seem surprised when accused of being ignorant?

Dave
3 years ago

It’s equally important to understand what words mean when using English as it is to understand what statistics are measuring.

To be clear, your post regarding unemployment rates is irrelevant to the point I made. Yet somehow in your mind, I’m the one who is ignorant of statistics. I’m not uneducated on the subject and you have not pointed out anything that ignorant in what I have said.

Newcomer
Newcomer
3 years ago
Reply to  Dave

Oh, no! They are stealing our jobs,… I mean not stealing our jobs,… or something. Anyway, they’re really bad.

Bear Vancouverite
Bear Vancouverite
3 years ago
Reply to  Dave

Uhh… There’s a fairly strong line between doing business with someone who is wealthy and whose source of wealth is unknown, and “joining” a criminal enterprise with eyes wide open. Anyone who argues that the two are the same is delusional and there are too many who try to muddy the two in order to slant the discussion. Even Just Me does this inadvertently (or intentionally).

Dave, we expected more from you, I hope you are being facetious about joining in the fraud.

Dave
3 years ago

I was. My irony is subtle.

Newcomer
Newcomer
3 years ago
Reply to  Dave

No particularly. I’d say the people who didn’t see it were having a bad day.

Best place on meth
Best place on meth
3 years ago

Now you know why cheating is a societal illness in that country, they’ve even infected Dave after only limited contact with their way of life.

And “slant” the discussion?

Shame on you.

Combat roach
Combat roach
3 years ago
Reply to  Dave

Strange, who would expect that behavior from a Chinese family. We are usually told that all they care is education and good upbringing for their kids. Maybe is some misunderstanding or google translate has a bug?

Animal Spirits
Animal Spirits
3 years ago
Reply to  Dave

Put up some some actual data… crickets.

Put up one anecdote…. extensive discussion and debate.

This is why there’s a housing bubble.

Dave
3 years ago
Reply to  Animal Spirits

Ain’t that the truth. Fear and greed drive markets and web forums.

YVR
YVR
3 years ago
Reply to  Dave

“Today she called from their cell phone so I googled that number.”

You googled a kids cell phone number? So the kid is arranging contraband smuggling? You are about as believable as Oracle. Tell us the number.

Dave
3 years ago
Reply to  YVR

She used the parents cell phone. As much as my kids want a phone, they’re too young in my mind.

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Dave

Nice evasion.

Why not report them?

Dave
3 years ago

Snitches get stitches. 🙂

I think it would be a bitch move to call the authorities on the parent of a child’s friend for something that I consider to be sketchy but may in fact not be. It’s not my job.

Newcomer
Newcomer
3 years ago
Reply to  Dave

Agreed. Can I take it one step further and mention that it is pretty creepy to Google your kids’ friends’ phone numbers, decode ‘ads’ in another language that come up and then post about it on the Internet.

Who does that?

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Dave

So let them decide? They don’t need to even know how you know them.

KickThemOut
KickThemOut
3 years ago

Also, hypothetically, if CoV mandates that all future developments must be family friendly size 2br, 3br, 4br+ units, who the heck is going to afford those? Is the average family making $100K pre-tax able to buy those condos at $1000 / sq ft, $800? $600?

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  KickThemOut

Hypothetically that could be exactly why they’d have to be priced lower.

KickThemOut
KickThemOut
3 years ago

Riddle me this – Fed raises interest rate 3 (maybe 4 times) this year. Canada Mortgage rate goes up 1% to 1.5%. Vancouver prices goes down 25% this year. Is houses more affordable? How about if prices crashes 50% by 2020 but mortgage rate is 6% to 8%, is houses more affordable?

And for those of us who don’t feed at the public trough, don’t have golden parachute, what prices would make housing affordable if you don’t have a job? Or does every bear have $1M+ all ready to go in their investment account? If so, what’s your investing secret? And why aren’t you working as a portfolio manager / hedge fund manager yet?

Joe Math
Joe Math
3 years ago
Reply to  KickThemOut

According to ratehub.ca;

$1,000,000 home price
20% down = $200,000
Mortgage amount = $800,000
2.5% over 25 years = $3,500/mo X 25 years = $1,100,000
Total cost; $1,300,000

50% crash = $500,000 price
Same $200,000 down for consistent comparison
Mortgage amount = $300,000
8% over 25 years = $2,300/mo X 25 years = $690,000
Total cost: $890,000

So, a 50% crash but rates at 8% would still amount to 30% savings overall.

Joe Math
Joe Math
3 years ago
Reply to  Joe Math

Also, in the above scenario, the buyer saves $410,000 more for retirement. Bank interest would also be higher, 6-7%, or the money could be invested, perhaps yielding $20-50k per year.

So even more savings.

Donald T
Donald T
3 years ago
Reply to  Joe Math

3500 vs 2300 mortgage. Meaning annual income $140,000 vs $92,000. Lot of jobs pay 92k a year, not so much $140K.

That would put the meaning of “holding a job” more meaningful to a lot of families. Fewer crazy on the street.

Bag it and tag it
Bag it and tag it
3 years ago
Reply to  Joe Math

…or you could keep the mortgage payment at $3500 and shrink the amortization, then you’d save a lot more. You could pay it off in 11 years and total cost would be $449K+$200K=$649K. This would be a 41% savings.

Bag it and tag it
Bag it and tag it
3 years ago

Actually, that’s a 50% savings. I was basing it on the $1.1MM not the total cost of $1.3MM.

Newcomer
Newcomer
3 years ago
Reply to  KickThemOut

First, you should be aware that 0.5% is not a Canadian mortgage rate. It is the target rate of the Bank of Canada. Mortgage rates are around 2.7%. Be that as it may, there is more to managing your money than meeting the monthly payment. It’s better to pay 5000/month on a half million dollar debt than to pay 5000/month on a million dollar debt. Smaller debts mean payments that change less with changes in interest rates, and more importantly, the debt shrinks more with wage inflation.

Keeping your debts as small as possible (or even at zero, if possible) is the single most relaxing financial move you can make.

Bear Vancouverite
Bear Vancouverite
3 years ago
Reply to  KickThemOut

Great posts Joe Math and Newcommer.

KickThemOut – As a general rule I think the lower the price of something the better off all buyers will be, regardless of interest rates. Your scenario is particularly appealing, because if prices come down due to increases in interest rate it would likely mean the carrying costs (monthly payments) stay the same. This is a win-win-win scenario for new buyers.

Hyper-mega-Bull
Hyper-mega-Bull
3 years ago

As North Korea missile threat grows, Japan lawmakers argue for first strike options

https://www.yahoo.com/news/north-korea-missile-threat-grows-japan-lawmakers-argue-091140657–finance.html

KickThemOut
KickThemOut
3 years ago

Interesting how it’s always the peace loving, democratic, world leaders that argue for first strike option and wiping out people they don’t like.

Hyper-mega-Bull
Hyper-mega-Bull
3 years ago

China urges US and N. Korea to avert ‘head-on collision’

https://www.yahoo.com/news/china-urges-us-n-korea-steps-avoid-head-033049679.html

Best place on meth
Best place on meth
3 years ago

Shut the fuck up china, you created that monster.

BubbleTea
BubbleTea
3 years ago

Whose Banks Are Riskiest: A Surprising Answer From The BIS
“which country has triggered 3 of the four “financial crisis early earning indicators”, and is on the verge of tripping the fourth one as well: as we said above it’s neither China, nor Greece, nor Italy or Germany, but, drumroll, Canada
http://www.zerohedge.com/news/2017-03-08/whose-banks-are-riskiest-surprising-answer-bis

Newcomer
Newcomer
3 years ago
Reply to  Screwed

You are quoting Yahoo Sports for this?

Screwed
Screwed
3 years ago
Reply to  Newcomer

That’s where I found this news at

Van real estate buff
Van real estate buff
3 years ago

Mar 8, 2017 Daily Review Vancouver Real Estate Housing Bubble News
https://youtu.be/t-ysLHPZi7c

Funkey Monkey
Funkey Monkey
3 years ago

811 east 45th what did it sell for?

Funkey Monkey
Funkey Monkey
3 years ago
Reply to  Funkey Monkey

I meant 411 it was listed for 1.3 last year

Best place on meth
Best place on meth
3 years ago
Reply to  Funkey Monkey

Sold for 1.4

Just me
Just me
3 years ago
southseacompany
southseacompany
3 years ago

“Scraping by on six figures? Tech workers feel poor in Silicon Valley’s wealth bubble”, The Guardian

https://www.theguardian.com/technology/2017/feb/27/silicon-aa-cost-of-living-crisis-has-americas-highest-paid-feeling-poor

“Big tech companies pay some of the country’s best salaries. But workers claim the high cost of living in the Bay Area has them feeling financially strained”

Combat roach
Combat roach
3 years ago

Compared to Silicon Valley tech workers in Vancouver should feel like homeless single parents supporting families by collecting cans and living in parks.

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Combat roach

Some Silicon Valley tech workers literally live in their cars.

southseacompany
southseacompany
3 years ago

“Money manager says Canadian housing is in a bubble”, BNN Video

http://www.bnn.ca/video/money-manager-says-canadian-housing-is-in-a-bubble~1072895

“BNN speaks with Ryan Lewenza, Senior Vice President and Portfolio Manager at Turner Investments of Raymond James. He says there is no doubt we are seeing a bubble in Canada’s hot housing markets.”

Combat roach
Combat roach
3 years ago

But we are in the bubble for over 15 years now, what is the news here?

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Combat roach

15 years? Please.

southseacompany
southseacompany
3 years ago

“Vancouver Sees Higher Prices, But More Inventory In February”, Better Dwelling

https://betterdwelling.com/city/vancouver/vancouver-sees-higher-prices-but-more-inventory-in-february/

“The benchmark price of homes increased, both year-over-year and month-over month. The composite price rose 13.9% to $906,700 from the same time last year. This also represents a 1.2% increase from the month prior. While it’s not the scorching hot numbers you might have seen last year, it’s not exactly a crash either.”

southseacompany
southseacompany
3 years ago

“‘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
3 years ago

“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
KickThemOut
3 years ago
Reply to  patriotz

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
Newcomer
3 years ago
Reply to  KickThemOut

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

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  Newcomer

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

Shut It Down Already
Shut It Down Already
3 years ago
Reply to  patriotz

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
history
3 years ago

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

squeak
squeak
3 years ago
Reply to  patriotz

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
history
3 years ago

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
squeak
3 years ago

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.

YVR
YVR
3 years ago
Reply to  patriotz

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.

Abdul Lahazi
Abdul Lahazi
3 years ago

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
Just me
3 years ago
Reply to  Abdul Lahazi

Money.

Combat roach
Combat roach
3 years ago
Reply to  Abdul Lahazi

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

YVR
YVR
3 years ago

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
Best place on meth
3 years ago
Reply to  YVR

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

YVR
YVR
3 years ago

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
3 years ago
Reply to  YVR

“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
Shut It Down Already
3 years ago
Reply to  patriotz

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

YVR
YVR
3 years ago
Reply to  patriotz

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
KickThemOut
3 years ago
Reply to  YVR

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.