Friday Free-for-all! June 2nd 2017

It’s the end of another beautiful work week and that means it’s time for another Friday free-for-all on VCI.

This is our regularly scheduled end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

What do millions in political donation buy?
Bad policy role in housing crisis
Drop in CMHC insurance
Face it, your addicted to real estate
Mortgage rules tighten
The marvelous drama of BC
Greens / NDP target money laundering
Welcome to the bubble Toronto

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

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southseacompany
Member
southseacompany

“Domestic Investors Bought 1 In 5 Vancouver Homes”, Better Dwelling

https://betterdwelling.com/city/vancouver/domestic-investors-bought-1-in-5-vancouver-homes/

“Vancouver’s resale inventory is largely being sold to first time buyers. They were the largest single-segment of the survey, representing 32.2% of buyers over the past year. The second largest type of buyer was people moving into a similar type of property, which represented 18.9% of buyers. Surprisingly domestic investors came in third, accounting for 18.5% of transactions. Since we know you’re curious, foreign investors represented 2.3% of purchases. If that last number seems a little low, keep in mind that REBGV doesn’t involve any new construction.”

bullwhip29
Guest
bullwhip29

B.C. politics in ‘uncharted territory’ as legislature poised to tussle over Speaker appointment
http://vancouversun.com/news/local-news/b-c-politics-in-uncharted-territory-as-legislature-poised-to-tussle-over-speaker-appointment

>>> well, well, well,,,it seems like this will be an issue after all

Bag it and tag it
Member
Bag it and tag it

What a terrible system. Time for this ‘unwritten rule’ to be broken over and over again since it’s a garbage rule.

bullwhip29
Guest
bullwhip29

Chinese mobile-payment apps launch in Vancouver, Toronto
https://www.theglobeandmail.com/news/british-columbia/chinese-mobile-payment-apps-launch-in-vancouver-toronto/article35200202/

A pair of widely used Chinese mobile-payment systems have launched in Vancouver and Toronto, allowing users to pay for purchases using their home currency while potentially avoiding foreign-exchange limits imposed by the Chinese government