What does a Green / NDP government mean for house prices in Vancouver BC?

The Green Party and NDP have announced an intention to form the government of BC and they have some different approaches to the real estate economy than the BC Liberals.

So what does the future look like to you? Will the new government implement some of their more dramatic policy changes and what does this mean for the Vancouver Housing Bubble and the wider BC real estate economy?

Oracle had the following wish list:

1) 30% FBT Province wide. Absolutely No Loopholes.

2) Tax 2nd homes of Citizens an annual property surcharge of 2% with rental offset. 3rd and more homes tax surcharge of 5%.

3) Tax homes of non taxpaying non residents 2%. Tax 2nd homes at 5%.

4) Limit foreign student at any institution to 15% maximum to ease rental crisis.

5) Inteoduce rental tax credit to out tax Evading Landords.

6) Pressure Federal government to limit 10 year tourist visas stays to a max of 3 months per year.

7) introduce extended mortgage amortization periods for those owners who will go underwater with the above changes.

Markoz points out this shift might not be painless for anyone:

Horgan and Weaver Have a Tough Job Ahead.

If they do all the things Eby talked about, real estate prices will definitely come down. The problem is, Krispy has painted our economy into a corner where it is very RE dependent. Lower prices mean lost jobs in construction and related industries. Also, as others have pointed out, lower tax revenues. There are many benefits to lower prices but they may not be self-evident to the 70% who own. Especially people who bought in the last 3 years.

The Krispy alternative, letting prices run amok until a 1 bedroom condo is $4 m, is not an alternative. Still, doing the right thing is going to be very painful and politically unpopular with many.

Dave wonders what’s next for Christy:

I think Clark should make a throne speech and outline what she wants to do for the next year of government and see what happens. Let the Greens and NDP shoot her vision down but at least people know what got voted down. I also think she should also try to split the NDP and Greens, not because it’s politically smart, but because voters should know what their MLAs stand for and support. Small chance she can pull something off, but not likely. I don’t see any ridings or obvious MLAs that the Liberals could split or steal.

Let us know your thoughts on the future of the BC economy and real estate prices in the comments below!

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best place on earth
Guest
best place on earth

pull out your cash from your pillow. this is your chance to get that home in the west end for 75% off. once you purchase your home, get ready for your taxes to run sky high and that laid-off notice.

Doomcouver
Guest
Doomcouver

Yes that’s why all the would-be vultures are misguided. As housing is becoming cheap, unemployment will be skyrocketing. You can’t pay for a mortgage on EI. The opportunity to buy for many will come much later, when real productive jobs replace all the real estate agents and banker jobs that don’t exist anymore.

Abdul Lahazi
Guest
Abdul Lahazi

For what most people earn we may as well be on EI now .

Just me
Guest
Just me

Amen. 250k a year ain’t what it used to be.

Best place on meth
Guest
Best place on meth

Most people earn $250K in BC?

I thought it was more like $25K, with the balance coming from their second jobs as real estate magnates inspired by Tom Vu.

Hyper-mega-Bull
Member
Hyper-mega-Bull

My money is all legal so I don’t need to hide cash wherever.

stagnate
Guest
stagnate

time to grab some popcorn. real estate here is an ugly mix of land restraints, never ending immigration, global fiat money laundering and bubble froth. having the province run by loons and Labour unions will blow off the bubble froth. could be a decent opportunity a few years from now. this will look a bit like the 90’s

Dave
Member
Except it’s going to be the 90’s forever if they pass Proportional Representation, which is probably a done deal because they are gaming the system. The NDP will always get their 40% and the Greens at least 10%. We are now pretty much guaranteed a perpetual minority government run by the left of centre. And that’s worse than a natural governing left of centre party because at least in that case, you have some certainty and know where you stand. Resource projects are dead. Natural gas used to provide 10% of the Provincial budget. Add in mining, forestry and all the other projects and it’s a major part of our economy. That shortfall will eventually have to get made up with higher taxes, never-mind all the additional spending on goodies for the public. Despite all that, is it actually enough… Read more »
bullwhip29
Guest
bullwhip29

regarding the wishlist…

1) 30% prov wide wont happen but it is highly likely 15% fbt would be expanded
2) highly possible, but people wouldn’t like added paperwork. at end of day only tax cheats get hurt here
3) if these owners are never here and never sell then how would the funds be recovered?
4) unlikely. if anything the numbers will be increased and/or institutions would reorg their corp structures to skirt the limits
5) this is the small but powerful grenade I alluded (only if implemented correctly). net that is cast must somehow cover the 1000’s of students who don’t file tax returns
6) good luck with this
7) yup, this will happen the moment the clouds start to form

bullwhip29
Guest
bullwhip29
continuing on with item (5)… it’s funny how this “$1 a day” joke of a policy could wind up being the biggest can of worms of all. perhaps one can only hope this was the plan all along. given this, expect there to be considerable (and unexplainable) push back on this matter. i figure there are A LOT of homeowners renting out part of their “principal” residence and not declaring the income to save a little on taxes but more importantly, to avoid having to trigger change of use declaration for % of home that is being used to earn income. obviously secondary properties would also be subject to WISH#2 which basically forces landlords to come clean. imho horgan and co will have some deep soul searching to do on this before potentially unleashing a major can of worms on… Read more »
patriotz
Member

“3) if these owners are never here and never sell then how would the funds be recovered?”

Every property gets a property tax bill annually. Does the city (which is actually a tax collector for other levels of government, e.g. school taxes actually go to the provincial gov’t) have to find the owner? Why?

bullwhip29
Guest
bullwhip29

and perhaps a better question…

Should prices in both Vancouver and Toronto begin to roll over simultaneously, how would the rest of the country be affected?

Dave
Member

They go down with the ship.

Doomcouver
Guest
Doomcouver

Yes if Toronto and Vancouver crash, the perception of a home as a safe investment will be shaken across the entire country. I expect all prices to be affected to some extent.

Dave
Member

I don’t think it’s just perception, I think all markets are connected. Abbotsford houses sell for $1M only because Vancouver houses sell for $2M, etc…

Best place on meth
Guest
Best place on meth

You understand the ripple effect.

There are still some idiots who can’t comprehend such a simple concept.

Abdul Lahazi
Guest
Abdul Lahazi
squeak
Member
squeak
Sure, whatever. But will pouring more money into a house save it from a price correction should there be one? Stale mate? Entitlement thinking thanks to brainwash and face book induced “me-ism” ? I am cautiously optimistic if that, it’s been over 17 years of Hysteria, perhaps we should round it off to 20 years once some results may be seen. But the people have spoken, they are fed up and many are fleeing rightfully so. Do I dare to utter pop or fzzzzzz? Very scary for those that drank the cool aid, and it may not be the champagne bottle sound this time. The ndp/g have been left with a mega mess, courtesy of the Libs. I think oracles list sounds solid, but is it feasible? Moderating is needed or incremental soft “takeoff”? Foreign “smack” have been gung ho… Read more »
Oracle
Guest
Oracle

Too much fear mongering here. there is a problem with artificially high housing prices.

Therefore, we must lower them. That simple.

Would you cure a disease if you have had one thats curable?

bullwhip29
Guest
bullwhip29

krusty to hold her own press conference BEFORE ndp-green announcement

two outcomes i believe…

(1) throw down the gauntlet, attempt to steal a little of opposition’s thunder from them and declare she will continue on being a royal pain in the a$$ for as long as possible

(2) sees writing on the wall. will make tearful, heartfelt concession speech with typical happy face and then disappear into the ether

Dave
Member

Option 1. I expect Clark to say that the public needs time to provide input on the agreement to each MLA.

If I was Clark, I would prorogue the Legislature for a couple months to buy time under the guise of public consultation. And then in two months, I would exploit holes in the agreement and say I feel that I command the majority of the Legislature and attempt to pass a throne speech.

There is a reasonable chance an NDP MLA will feel strongly enough against something in the agreement that they will not show up for that confidence vote.

bullwhip29
Guest
bullwhip29

you might be right, but if i were her i’d choose the graceful exit option and hope people forget about all the things i have done over the years (a la gordon campbell). the longer she sticks around the more likely the public will want to nail her to the cross

http://vancouversun.com/news/local-news/daily-poll-what-should-be-christy-clarks-next-move

Dave
Member
My opinion seems to be the minority with the pundits expecting her to call the Legislature in two weeks. She’s doing this ahead of the document for a reason and the only reason is gamesmanship. That means she isn’t resigning in my mind. Here’s my logic: These things are bigger than the leaders. You have 16 years of ‘special interests’ behind the Liberal party. Those people don’t just go down silently and they would demand that Clark make a power play to try and keep a majority. Now, the choice is do you make a go for it immediately (i.e. two weeks)? Or do you buy yourself some time so you can figure out how to break the NDP/Green alliance? Buying time seems much better to me. It also allows you to plant poison pills throughout the bureaucracy the same… Read more »
bullwhip29
Guest
bullwhip29

not arguing with that reasoning. the problem for her is that such moves would come as no surprise to horgan, weaver and the general population at this stage of the game…or at least they shouldn’t be.

Combat roach
Guest
Combat roach

It all makes sense except that they aren’t competent to make others to look incompetent.

Dave
Member

16 years in government brings a lot of baggage. A lot of the time, the baggage moves on in the final year of government because they see the writing on the wall. We didn’t get that this time around, so the bureaucracy is loaded with pro-Liberals. Some of those people will resist change. Lots of little passive aggressive stuff ads up.

Dave
Member

I did OK there. She is going back to Legislature and not right away. I think she did it for the reasons I stated. She’s buying time.

She played it well too. “I’ll probably lose”. She wants the public to think she isn’t trying to cling to power.

Now watch that tone change in a week and get more and more aggressive as she heads into that throne speech. Watch Christy hit the campaign trail again and attack the agreement.

bullwhip29
Guest
bullwhip29
she also said legislature to be recalled in “early” june not many weeks or months later. if true, this is what the public wants i do not believe, however, that this is necessarily “required” by constitutional convention as she outlined numerous times. we’ll see if this subtle attempt at manipulation comes back to bite her in the a$$ given that she supposedly believes they will lose anyway and that to the best of my knowledge such a move is NOT even required (she could have simply resigned), i wonder what she is really up to here? maybe this is nothing more than a play to buy her another week or two? if there is something more sinister in the works, i doubt the public will be onside with it anyway. and what are the chances that horgan/weaver absolutely crap the… Read more »
Dave
Member

I heard sometime in June, but maybe I missed the early part, which I see the media reporting.

I think she hopes the agreement goes over poorly with the public and that the powers that be exploit those differences. It only takes one person to not show up and she remains the boss.

patriotz
Member

” I would prorogue the Legislature for a couple months ”

Sorry for the nitpick, but this Legislature cannot be prorogued because it hasn’t sat yet. The Legislature must be called into session at least once a year, but I think they need to pass a budget sooner.

Best place on meth
Guest
Best place on meth

The bitch is trying to hold on as Premiere right to the bitter end because she’s still trying to find and NDP MLA who will take a huge envelope of cash to cross the floor.

KickThemOut
Member
KickThemOut

I don’t know whether it’s the stupidity, or fear that you bears see conspiracies and shadows everywhere, and accusing me of being someone I’m not. It’s hilarious if it is not so sad.

Best place on meth
Guest
Best place on meth

Space,

Fuck off and die.

Or go back to china.

Either one is good.

KickThemOut
Member
KickThemOut

Too bad neither will happen…but who knows, you might bust a vein from all the anger and go to your favorite place down in hell 🙂

KickThemOut
Member
KickThemOut

As for Oracle’s list…let’s see all of the items implement and how much absolutely worse off the life of bears & renters will be! But then that’s what s/he wants anyways, since s/he has tons of cousins to bring over from India and they need the space to reproduce all their little spawns. All under the guise of “affordable” housing for the bears. You people are so getting played.

Oracle
Guest
Oracle

Hahaha. Having a bad day moron?

You didn’t think Christy and HAM would have power for longer than 16 years did you?

With Proportional representation, good luck ever getting liberals back.

They are done

finished

like dinner

asta la vista baby.

Shut It Down Already
Guest
Shut It Down Already

They won the popular vote.

Whistler or Bust?
Guest
Whistler or Bust?

And the most seats. This is like have the silver and bronze medalists in high jump combine their heights for a new super height to share the gold.

Democracy has been high-jacked.

PS – I think you might see the Libs again a lot sooner than you think

Just me
Guest
Just me

More than 60% of voters chose to kick out the incumbent party.

KickThemOut
Member
KickThemOut

Actually, not everyone voted, and of those who bothered to vote, more than 60% voted against NDP forming a government.

Best place on meth
Guest
Best place on meth

You still don’t understand how democracy works here.

Or even what the fuck a majority means.

Oracle
Guest
Oracle

Housing Loopholes DONE!!

As are tolls!!

YVR
Guest
YVR

Just heard a summary the new plan and it looks like the GreenDPers forgot about all those promisses to make housing more affordable. Just as I predicted. They will try to keep the bubble going. No expansion of foreign buyers tax, no 2% foreign speculators tax, no increase in property purchase tax, no capital gains tax increase for principal residence, no provisions to stop money laundering and no renters grant. But they did remember to increase carbon taxes and opose all mega projects that create jobs. I guess we can just hope their incompetance on running the economy will crash housing.

Dave
Member

LOL. I figured as much. Why kill the golden goose? And who wants to take the blame for a housing correction?

bullwhip29
Guest
bullwhip29
with krusty not stepping down, horgan/weaver could not release any specifics on housing. eby will be the guy handling this in way more detail over the coming weeks/months. no one expects all measures to come to fruition, but to say absolutely nothing will change is laughable. with the housing game so skewed in the one direction, even some minor changes could have a major ripple effect. ie. the renter tax credit could start off as a small pin prick and turn into a large festering sore for many cheaters out there…and so it should be. this wild west, no rules, do whatever the eff you want without repercussion environment has to be reigned in. remember, we are where we are largely because of the liberals and i doubt the bulk of the blame would land in their hands of horgan/weaver… Read more »
Oracle
Guest
Oracle

Already having ripple effects.

Would you buy today? I the hell sure wouldn’t.

Would you speculate today? I sure the hell wouldnt.

history
Guest
history

no buing? no speculating?

so, you arent touching your mortgage? Gonna pay it down?

better not do that, house prices will crash.

Oracle
Guest
Oracle

They don’t want to cause a panic. Just wait. Introduced in steps as to. It cause a mass panic that could hurt the economy.

At first will expand existing 15% tax Province wide (no loopholes) and also apply it to presales.

Second comes the NDP revenue generating 2% tax.

Would you buy today?

bullwhip29
Guest
bullwhip29

expand FBT to capital region, okanagan and further out into fraser valley at the very least. presale equation is a tougher nut to crack as numerous loopholes need to be shutdown first before anyone can even talk about collecting the FBT upon closing of a deal that is years down the road

Reasonfirst
Guest
Reasonfirst

They noted tackling speculation and money laundering as key housing actions to the press, just not written up in the above article

Just me
Guest
Just me

Yup. I think the key policies will be about implementing rules we already have and have not been enforced. If they start sharing information with Fintrac and CRA (something the BC Libs opposed and refused) it would make a massive difference.
Ditto for numbered companies and the sulike. Once theyy put an end to political donations by corporations and unions, I see no point in protecting the crooks. They cannot milk them any longer!
Quietly, things will be done.

Just me
Guest
Just me

You are wrong again. I for one am quite happy housing was not one of the bullet points. To me, that is a sign they are serious about it: they are not binding their hands to specific policies, or timetables, and they are not irking the (massive) vested interests just yet.
Eby and the Greens will find a way to quietly introduce legislation over the next few months.
Just wait. Certain things are better done softly.

YVR
Guest
YVR

“I for one am quite happy housing was not one of the bullet points. To me, that is a sign they are serious about it”

Yes good point. I bet the BC Liberals were keeping it quiet for the past 10 years while they diligently worked behind the scenes to cool the market. LOL. The GreenDPers can’t implement their agenda with a housing bust. They must choose and you just saw today what their choice was.

Just ne
Guest
Just ne

The housing market will suffer under the Green NDP givernment. Thst us guaranteed. Speculators are screwed, and many of the are foreigners.
It is just a matter of how fast.
If you think you are going to see higher prices under this government, you are clearly confused.

Shut It Down Already
Guest
Shut It Down Already

It’s a bit like Trump’s “defeat ISIS within 30 days” plan LMFAO.

Just me
Guest
Just me

Not really, no. This is more like the inevitable but slow paced derailment of a train. Housing is finally going down. Wait and see.

Shut It Down Already
Guest
Shut It Down Already

Except derailment of the train isn’t explicitly a priority any longer?

Just me
Guest
Just me

Why should they publicize a train derailment? Loads of people are going to lose money from it.

YVR
Guest
YVR

“Loads of people are going to lose money from it.”

Loads of people are going to lose money and jobs due to the carbon tax and mega projects they will cancel. They had no issue with announcing those today. If the ideas are good enough to campaign on why hide them now the votes are cast?

Just me
Guest
Just me

Homeownership is at 70%.no constituency is larger than the homeowners one.
And they are vocal.
It will require some tact. But it will get done. The party is over, after 20 years.

Shut It Down Already
Guest
Shut It Down Already

Because it was part of their campaign platform, dummy?

BubbleTea
Guest
BubbleTea

Ugh… more Krusty for a couple more weeks. Better than having her for four more years.

Combat roach
Guest
Combat roach

Where is the housing focus?

NDP-Green alliance to focus on electoral reform, stopping Kinder Morgan and banning big money

http://www.cbc.ca/news/canada/british-columbia/ndp-green-alliance-to-focus-on-electoral-reform-stopping-kinder-morgan-and-banning-big-money-1.4138290

Just me
Guest
Just me

The bullet points are the horse trading bits, on which they needed hard targets and timelines.
The housing was never especially controversial. Trust Eby and the Greens to introduce legislation and implement existing money laundering rules. As I wrote above, keeping a low profile on this file is the smart move, especially in BC. It will get done, though. ne year from now, prices will be lower already.

Oracle
Guest
Oracle

Keep it down low. Don’t want to upset 50% of homeowners who didn’t vote.

patriotz
Member

These are the issues that the NDP and Greens have jointly agreed to support. It doesn’t mean that’s all the NDP, or the Greens for that matter will try to bring in by a long shot. It’s just that the two parties aren’t committed to anything else and are free to bring in amendments or vote against other items.

Best place on meth
Guest
Best place on meth

Where is the housing focus?

First, the NDP and Greens need to find 12 extremely strong men to lift Coleman out of his seat and remove him.

Then they can focus on housing.

paulb
Member
Active Member

New
281
Price Change
40
Sold
131
TI:8816

http://www.clivestevepaul.com

Just ne
Guest
Just ne

What are the chances of higher inventory going forward. I think they just went up a lot.
If we remove Kruelty Clark, things will look different for the housing market going firward.

Oracle
Guest
Oracle

9K party coming.

Buddy told me Realtors worried big time.

He put an offer on a place 3 weeks ago… rejected because low balled. Now realtor called him today.

Hehe

Doomcouver
Guest
Doomcouver

Maybe 19k party coming. Just a reminder that the BC Liberals have held power since 2001, and have done nearly everything they could to pump real estate prices during that time. I firmly believe that the NDP’s effect on housing market sentiment will be widespread and profound.

Oracle
Guest
Oracle

Contact David Eby. Pressure needs to be put on him.

YVR
Guest
YVR

“Contact David Eby. Pressure needs to be put on him.”

I tried. They told me he is too busy working on the carbon tax. As the next housing minister he will be focusing on zero emission homes rather than affordable ones.

Just me
Guest
Just me

Anything that makes homes undesirable investments is going to save me money. Anything at all. So bring housing taxes on.

UBC in Crisis Mode
Guest
UBC in Crisis Mode

Flipper’s dream.
Every two years:
1896 Wesbrook Cres. (UBC)
May, 2011, sold for $3,880,000
Aug, 2013, sold for $5,000,000
May, 2015, sold for $6,100,000
Now, 2017, asking for $9,600,000

YVR
Guest
YVR

Now put those numbers in reverse and you can see the future.

2018, sold for $6,100,000
2019, sold for $5,000,000
2020, sold for $3,880,000

Oracle
Guest
Oracle

Yup. If we do due diligence and cut out all foreign money laundering. Then Tax astronaut families 2% of their residence each year for he infrastructure and services they use.

Finally after 16 years. Change.

And we will get it.

Best place on meth
Guest
Best place on meth

Krusty is trying to hold on to power until she is literally dragged away.

No decency, no shame.

Combat roach
Guest
Combat roach

Beginning of the end: a chastened Clark acknowledges her premiership is likely coming to a close

http://www.cbc.ca/news/canada/british-columbia/christy-clark-election-green-ndp-response-1.4138770

bullwhip29
Guest
bullwhip29

maybe a rope a dope type manoeuvre??? whole speech seemed odd to me

Bag it and tag it
Member
Bag it and tag it

Liberal war chest is still spilling over with funds, which I’m sure she thinks belongs to her. She’ll stick around until she figures out a way to get that money out. One time bonus of $5M? I assume there will be a leadership convention in the next year or so, which will likely be the only way she leaves…she’ll be dragged away screaming ‘that money is mine! I want my money!’

Just me
Guest
Just me

I would be happy if the change of government gave us a built less of this appalling nonsense.

Lamborghini collides with fire hydrant at downtown Vancouver intersection

http://vancouversun.com/news/local-news/lamborghini-collides-with-fire-hydrant-on-georgia-street

Shut It Down Already
Guest
Shut It Down Already

“Following the money” my ass.

Best place on meth
Guest
Best place on meth

chinaman….chinaman…
drives the only way that he can,
guns the gas, slams the brake,
his drivers license is surely fake

hey, hey…watch out for chinaman….

Foo Man
Guest
Foo Man

Is this a white power blog? Moderator – do you support this shit?

Best place on meth
Guest
Best place on meth

Sounds to me like you want to hear the next verse.

YES?

Shut It Down Already
Guest
Shut It Down Already

Yes, admin supports this shit. He has a keyword filter that sends posts to a moderation queue from which they never escape but silently refuses to apply it to racial slurs.

This is now an alt right blog.

Best place on meth
Guest
Best place on meth

Can he drive?
Listen bud,
He’s got puppy meat in his blood,
Does he flaunt…. his stolen cash?
With Christy gone, he might have to dash,

HEY, HEY!
There goes the chinaman…..

Ha1
Guest
Ha1

I must say I laughed out loud.

(Even if it is racist)

Best place on meth
Guest
Best place on meth

All of you will be singing it tomorrow.

Trust me on this.

Oracle
Guest
Oracle

Ummm, I’m a visible minority. This blog just doesn’t like illegal foreign cash being laundered here and taken illegally out of China.

YVR
Guest
YVR

“This is now an alt right blog.”

You mean alt left. These are Green and NDP cheer leaders. Can’t get more left than that.

Ha1
Guest
Ha1

I am not sure if the readers know you have written that with the spiderman cartoon playing in the background.

bullwhip29
Guest
bullwhip29

author of this article has no clue what he is talking about price wise. $200k??? actual price is closer to triple that

squeak
Member
squeak

The interesting part is that the car looks like a grasshopper, maybe it did not like the red hydrant b/c it looks like a stop sign/red light?

I hope the repair bill is not going to come out of the tax payers pockets, how the hell do you have a collision with a fire hydrant? Its blaring red! And stationary. It is not even on the street. Daylight. On a street down town where speed is Maximum 50Km.

The silver lining is that no hardworking tax paying Canadian got hurt/killed.

Best place on meth
Guest
Best place on meth

But sadly, the driver survived.

Just me
Guest
Just me

Does this woman have to fake any reasonably human feeling and expression?

https://mobile.twitter.com/PennyDaflos/status/869720729310420996

For those with a bad eyesight: the word HUMBLE is scrawled on her prepared notes. Everything is about appearances for her. Shameful to the end.

To those who voted for her: I hope you understand who you have been supporting.

bullwhip29
Guest
bullwhip29

this comes as no surprise. every word she uttered today was carefully chosen as is usually the case. we all know what happens when she is caught off guard. to me it is obvious that she along with the rest of her team have something else in the works and that today’s announcement amounted to nothing more than another staged campaign ad. i would hope by now that horgan and weaver recognise this and have their radars set to high for another round of shenanigans

Oracle
Guest
Oracle

Hearing condo developers are going to stop selling and lay off workers as a ‘shock’.

To limit supply even more.

We have to destroy these idiots once and for all.

Combat roach
Guest
Combat roach

Until locust (a.k.a. launderer/investor) doesn’t get exterminated and disintegrated by all means, this fucking place won’t get fixed. Fucks are literally swallowing this country.

Vancouver developers want more townhomes. Critics say they’ll just be sold overseas

http://globalnews.ca/news/3491155/vancouver-developers-want-more-townhomes-critics-say-theyll-just-be-sold-overseas/

Dave
Member

Politics at this level self selects sociopaths.

Hyper-mega-Bull
Member
Hyper-mega-Bull

she’s standing in front of… what?… a dozen people with cameras and microphones shoved in her face. what can a person do in that situation other than put on a performance?

Dave
Member

That’s a good point and I was going to add a second part to my statement which was that if you aren’t a sociopath already, the job will turn you into one.

Just me
Guest
Just me

Mmmmh, let me think….perhaps behave a little more truthfully?

Oracle
Guest
Oracle

Garth the deceiver is leading a full on assault on the Greens/NDP. He is leading HAM.

Read his post. That guy had made suckers out of many. He implicitly states that he wants illegal foreign money to continue to enter BC. All while denying foreign money is insignificant.

Hahaha

Whistler or Bust?
Guest
Whistler or Bust?

I forgot that guy even had a blog.

Best place on meth
Guest
Best place on meth

Turncoat doesn’t know the definintion of “coup”.

The coalition of Dippers and Greens seizing power in a bloodless coup appears unified on a strategy to destroy real estate equity.

Seems like right wingers everywhere don’t understand many basic English words.

Best place on meth
Guest
Best place on meth

Now cue some know-it-all to advise me that it’s not “originally” an English word.

patriotz
Member

For those of you who are info facts, the actual NDP-Green agreement can be found here. On the last page there is “take action to deal with the speculation and fraud that is driving up prices”. I think along with other posters that the emphasis will be on tax enforcement. After all, they’re going to have to pay for a lot of other stuff.

https://www.bcndp.ca/latest/its-time-new-kind-government-british-columbia

TheObserver_
Guest
TheObserver_

Speculation is not activated by banking fraud but rather sale and promotion of properties to foreign buyers.

bullwhip29
Guest
bullwhip29

Document forgery in financial industry more common than you’d think, past employees say
Former CIBC representative says ‘85% of sales staff’ in her workplace forged documents, encouraged by manager
http://www.cbc.ca/news/business/financial-industry-employees-forge-documents-more-often-than-you-d-think-1.4138212

history
Guest
history

banks, brokerages, insurance, accounting firms, real estate industry, finance co’s…
85% use bucketshop tactics

on the contrary, BC politics since the PR photo Weaver and Horgan, Womens Sevens Rugby tourny in Langford…. has been a refreshing change!

whew, those women are tough!

TheObserver_
Guest
TheObserver_

That is forgery by their sale staff to show sales of insurance products.. What does it have to do with housing?

bullwhip29
Guest
bullwhip29

this is just another layer to the story that popped up earlier in the year regarding the sale of products to clients without their knowledge. it is mostly definitely related as it pertains to the fraudulent approval of loans, HELOCs, mortgages and other products to clients that either weren’t present at the time to review/sign documentation and those that willingly went along with these schemes as they wouldn’t have qualified otherwise. this also shows that some of the issues at Home Capital are likely more widespread than advertised and that lending practices in general are geared toward selling large volumes of product using any and all means available without any regard for the clients interests or needs

TheObserver_
Guest
TheObserver_

Many of new posters on this site are the same people who pumped Vancouver’s realestate on this other site:
http://www.realestatetalks.com/viewforum.php?f=8

Once the new tax for Vancouver was implemented. the site basically imploded for whatever reason and now they are migrating to other BC realestate sites and pumping realestate once again.

It site was converted to perma fights between bulls and bears and name calling . The bulls had declared themselves master of universe and hijacked the conversations to be about their abilities to see the future predication for new highs.. Even the IDs are the same.

I suppose they believe they can control the realestate prices and that is why they are here.

P.S. I only once in a white read these boards and I notice the degradation already

Hyper-mega-Bull
Member
Hyper-mega-Bull

>same people who pumped Vancouver’s realestate on this other site

and they were right.

TheObserver_
Guest
TheObserver_

What does that mean/! They people who pump for speculation can not be quoted to have been right… It is like saying that those that pump and dump stocks can see the future! but can they or they manipulating the markets. There is only two possibilities up or down… those that want the price to go up, pump. In housing inflation and printing money can cause the rise the value but the speculators work beyond that. The land sharks and property market manipulators try to lock markets in their favor.

So in that case, the regulators have to shut them down.

Hyper-mega-Bull
Member
Hyper-mega-Bull

you think the housing market is moved by posts on a message board?

wow… bear logic at it’s finest.

TheObserver_
Guest
TheObserver_

Useful measures would be one that would offset the incentive in speculated gains

– Province wide gradually raised wide yearly residential real estate taxation for foreign and corporate speculators of 5%
i.e. : $1M house would have $40K yearly taxes in 20
2018:2% 2018:3% 2019:4% 2020:5%
– Entry transaction tax of 28% for foreign and corporate speculation on residential housing
– Exit transaction taxes for corporations and foreign owners that go up yearly
2018 : 2% 2019:4% 2020: 6% 2021 : 8%

This should induce exit for many foreign and corporate speculation on real estate

KickThemOut
Member
KickThemOut

Absolutely brilliant! Just love it! such a wonderful idea! Please send it to David Eby who now may a real chance to pass through such excellent measures!

DO IT! DO IT! DO IT! This will be wonderful for RE in BC!!!

Yes, REAL CHANGE! Please send it to David Eby so this may see the light of the day!

Oracle
Guest
Oracle

You are a fucking clown.

Maybe report your parents to CRA. You mostly sound like HAM; family laundered money into houses?

Speak up

bullwhip29
Guest
bullwhip29

Housing market a major factor driving Canada’s economy, which grew at 3.7% pace in first 3 months of 2017
http://www.cbc.ca/news/business/canada-gdp-1.4139075

TheObserver_
Guest
TheObserver_

Now now.. selling housing to speculators who jack up the prices to enrich themselves is not a driver for Canadian economy. They extract the cash and put it in their pocket.

bullwhip29
Guest
bullwhip29

IMF expresses concern over ‘hot spots’ in Toronto and Vancouver housing markets
http://www.cbc.ca/news/business/imf-canada-forecast-1.4139139

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