Canada, data, debt, economy, hype, mortgage, opinion, politics

Mortgage rules are working to cool market

August 23, 2017 VCI Admin

Pointed out by SouthSeaCompany: Mortgage rule changes are cooling housing market: Morneau

“Finance Minister Bill Morneau says last October’s sweeping mortgage rule changes aimed at cooling Canada’s housing market have successfully dampened high-risk borrowing.”
“But despite a report urging Ottawa to look at ways of boosting support for Canadians entering the housing market, the Minister ruled out any new measures along those lines, expressing concern that such an approach would encourage higher house prices.”

Read the full article over at the Globe and Mail.

Sort by: newest | oldest | most voted

Guest

Harry Wang

Share On Twitter Share On Google

Click to flag and open «Comment Reporting» form. You can choose reporting category and send message to website administrator. Admins may or may not choose to remove the comment or block the author. And please don't worry, your report will be anonymous.

China Says Youth Not Fit To Fight…

Too fat, blind from phones, excessive masturbation…

https://www.thesun.co.uk/news/4306538/chinese-kids-are-too-fat-and-masturbate-too-much-to-join-the-army-government-claims-adding-theyre-going-blind-from-fiddling-with-their-phones/

Guest

Combat roach

Share On Twitter Share On Google

Same as useless Fuerdais navigating on their phones while strolling the streets and polluting Vancouver. Total waste of human mass…

Member

Best place on meth

Share On Twitter Share On Google

They look like a poster for the chyneeeze version of “Stripes”.

https://www.thesun.co.uk/wp-content/uploads/2017/08/nintchdbpict000347531507.jpg?strip=all&quality=100&w=960

Member

Best place on meth

Share On Twitter Share On Google

Space, can you confirm the “excessive” part?

Guest

Combat roach

Share On Twitter Share On Google

Lol, good one!

Guest

Abdul Lahazi

Share On Twitter Share On Google

At least they aren’t going blind from masturbating.

Guest

Combat roach

Share On Twitter Share On Google

Right, therefore those blessed retarted smiles whenever taking a photo. Only V (two fingers) missing…

https://www.thesun.co.uk/wp-content/uploads/2017/08/nintchdbpict000347531540.jpg

Member

KickThemOut

Share On Twitter Share On Google

No, but they will be greeting you in heaven as the 72 virgins when you blow yourself up in the name of the Prophet.

Member

KickThemOut

Share On Twitter Share On Google

No, but they will be greeting you in heaven as the 72 virgins

Member

KickThemOut

Share On Twitter Share On Google

No, but they will be greeting you in heaven, part of the 72 virgin entourage.

Member

KickThemOut

Share On Twitter Share On Google

No, but they will be greeting you in heaven

Guest

SpacedOut

Share On Twitter Share On Google

You drunk or just a f’n retard?

Member

KickThemOut

Share On Twitter Share On Google

I’m sure you are so proud to be fat, lazy, nearly blind, and masturbate excessively. Just like all the bears on here?

Guest

history

Share On Twitter Share On Google

party on Garth

https://app.hedgeye.com/insights/61453-the-silent-crisis-in-u-s-housing-finance

“Two key indicators that especially worry us in the world of credit is the falling cost of defaults and the widening gap between asset pricing and cash flow. Credit metrics for bank-owned single-family and multifamily loans are showing very low default rates. More, loss-given default (LGD) remains in negative territory for the latter, suggesting a steady supply of greater fools ready to buy busted multifamily property developments above par value”

Member

paulb

Share On Twitter Share On Google

New
179
Price Change
54
Sold
126
TI:9861

http://www.clivestevepaul.com

Guest

history

Share On Twitter Share On Google

in spite of bopping the baloney BS in the first post, the reality is that the Chinese military has a Pretty Good Hard On these days.

They have managed to hack the On Board navigation of two freighters, and steer them into US Navy ships for Kill scores.

Big whoop-up in China. Hooray for our team.

We’ll see how the other side responds. It has to be measured, and intelligent.

Member

Best place on meth

Share On Twitter Share On Google

If true it would be a terrible mistake by the chynamaneeeze.

Trump will go apeshit on those scumbags on so many levels.

Guest

history

Share On Twitter Share On Google

The challenge isnt Trumps, it’s the Soldier who wants to make a name for himself. Think Bonaparte and Robert E Lee.

Member

Best place on meth

Share On Twitter Share On Google

I can’t think of Robert E Lee.

The marxists have made it illegal to do so.

Guest

history

Share On Twitter Share On Google

okay, I will help you.. .. Research Lee when he was a soldier in the US expeditionary force to Mexico. The man single handedly won the Mexico City altercations, and paved the way for the Monroe expansion in the Alzac. The Civil War was a byline to what Lee did in his earlier years… iow, fuck the Civil War. prreferably over a low brow snowflake… Lee went over territory in Mexico the Mexicans were utterly terrified… Entitleted leftists, antifada and shit stained rainbows, in which Vancouver is heavily populatted, cant react over their asset/liability spreadsheets…..they are utterly deprived of quality heroism anyway, this is important info the HK Chinese may wish to consider as they make a mark for themselves in Canada. C’mon, impress us .. if you can. So far, not really, Morons in the East Asia still need… Read more »

Member

KickThemOut

Share On Twitter Share On Google

You mean the guy who promised “FIre and Fury” and still hasn’t delivered yet? You expect him to go apeshit with actual measures when he can’t even rein in NK with a 1950 era army that doesn’t even having working jet fighters?

How dumb can you get?

Member

Best place on meth

Share On Twitter Share On Google

Fat Kim has suddenly become very quiet.

Member

KickThemOut

Share On Twitter Share On Google

He is busy inspecting the missile productions and grand strategy of taking out Trump. Keep up.

Member

Owen

Share On Twitter Share On Google

Yes, I’m sure the tweetstorm will be devastating. He might even complain about them at a rally.

Member

kabloona

Share On Twitter Share On Google

Signs of things to come…?

“Drop in GTA home prices prompts new warning: seller beware. Some homeowners and realtors are making a case for stronger seller protections — specifically, who gets to keep the deposit when a buyer backs out.”

https://www.thestar.com/business/2017/08/23/drop-in-gta-home-prices-prompts-new-warning-seller-beware.html

Guest

Oracle

Share On Twitter Share On Google

All BS in hopes of preventing new mortgage measures.

The benchmark price of a detached has gone down maybe 10% from the peak. That’s it.

Member

Best place on meth

Share On Twitter Share On Google

Why are we importing so many racists into this country?

http://www.cnn.com/2016/06/26/asia/africans-leaving-guangzhou-china/index.html

It seems hypocritical.

Guest

history

Share On Twitter Share On Google

Canada is a net exporter of Excellence, naturally disguised as Rascism

Guest

Combat roach

Share On Twitter Share On Google

To support existence of domestic race baiters, otherwise what they would do.

Guest

Oracle

Share On Twitter Share On Google

Many within Chinese society are generally racist towards those with darker skin colours. Even within their society, the goal is to shield their skin from the sun to be more fairer than their neighbour. For you dumb causcasians, it’s not about trying to prevent skin cancer. LMAO.

That’s why Surrey and Richmond will never mix.

Guest

Abdul Lahazi

Share On Twitter Share On Google

Chineeze are among the most racist groups on earth. Look at the racist slurs that Shit It Down (obvious China-dude) spews about me; totally disgusting shit. Do they even care why they are so hated by everyone else.

Guest

Shut It Down Already

Share On Twitter Share On Google

Quote, please. Or fuck off.

Guest

Shut It Down Already

Share On Twitter Share On Google

No quote then? Sounds to me like you’re once again a fucking liar.

Guest

Time to go

Share On Twitter Share On Google

Matthews says: “The Chinese would prefer Africans to come in for two to three weeks, buy goods and go home. China is for Chinese.”

Ha! The irony…

Guest

Doomcouver

Share On Twitter Share On Google

Reasons Africans are leaving China: Chinese racism, slowing Chinese economy, Dollar Drought in Africa. So by that thread all we need is a Yuan crash, a crummy Canadian economy (already kind of have that), and a little racism sprinkled in, and the Chinese will go back to China? Sounds legit to me.

Guest

history

Share On Twitter Share On Google

McLister with his latest Sacrifice on the alter of Mortgage Broker Letchery

https://www.canadianmortgagetrends.com/2017/08/broker-lender-market-share-q2-2017/

“Among the provinces, Ontario once again posted the largest year-over-year gain in submission volume, up 3.7%. Alberta (again) posted the biggest drop, down 1.6%, followed closely by B.C., which saw broker volumes dip 1.3%.”

This has happened before in our Country. I call it the cycle of Safety. When we coalesce around Ontario, Quebec and parts of the East Coast. At this time the shitty, bloody stains on the West Coast and Alberta get taken out to the laundry.

Member

Best place on meth

Share On Twitter Share On Google

Canada frets over possible huge surge in asylum-seekers http://www.reuters.com/article/us-canada-politics-trudeau-idUSKCN1B32CO Canada fears a huge surge in asylum seekers crossing the border from the United States, putting political pressure on Prime Minister Justin Trudeau ahead of a 2019 election, sources familiar with the matter said on Wednesday. The number of migrants illegally entering Canada more than tripled in July and August, hitting nearly 7,000. Haitians, who face looming deportation from the United States when their temporary protected status expires in January 2018, accounted for much of the inflow. Two sources familiar with Canadian government thinking said citizens from El Salvador, Nicaragua and Honduras, who are slated to lose their U.S. protected status in early 2018, may also head north. “There is concern we’ll see a huge increase, mostly from Central America,” said one source. “The question is, which group is next, and… Read more »

Member

Best place on meth

Share On Twitter Share On Google

Earlier in the day, Conservative immigration critic Michelle Rempel accused Trudeau of creating a migrant “crisis” in Canada and said he has no plan to fix it.

Holding a news conference on Parliament Hill just hours before Trudeau was scheduled to hold his own question-and-answer session with reporters, Rempel said Trudeau encouraged people to cross illegally from the U.S. into Canada by tweeting #WelcometoCanada after U.S. President Donald Trump’s immigration crackdown.

That Jan. 28, 2017, tweet sent the wrong message right around the world, she said.

“I think he’s giving false hope to people crossing the border,” Rempel said. “I want to be clear: This is not a question of if we should have an asylums claim system in Canada, or if Canada should help the world’s most vulnerable. It’s a question of how.”

http://www.cbc.ca/news/politics/asylum-seekers-border-crossing-1.4258928

Guest

Oracle

Share On Twitter Share On Google

10,000 per week prediction.

Member

specuskeptic

Share On Twitter Share On Google

“10,000 per week prediction.”
LOL…. That’s a sliding scale you have there.
My prediction: Oracle will not stop making rectally-derived predictions…

Guest

Oracle

Share On Twitter Share On Google

The Davidoff guy from UBC is very angry at the foreign buyer tax being put on farmland.

Bought by NDP and Develeopers.

Member

Best place on meth

Share On Twitter Share On Google

Once again, Oracle’s misinformation needs to be corrected.

Davidoff didn’t say he’s against extending the FBT to farmland, he’s against banning foreigners from buying farmland which has been suggested by Weaver.

Instead he would prefer a ban on monster mansions built on farmland.

Guest

YVR

Share On Twitter Share On Google

I knew it wouldn’t be long before the Left wing nut bars in Canada tried to change history and erase what little culture we have.

John A. Macdonald schools should be renamed: elementary teachers’ union
The union says it wants the name change because of what it calls Macdonald’s role as the “architect of genocide against Indigenous Peoples.”

https://www.thestar.com/news/gta/2017/08/24/john-a-macdonald-schools-should-be-renamed-elementary-teachers-union.html

Member

KickThemOut

Share On Twitter Share On Google

So far 90% of the comments have nothing to do with the topic.

btw, team BPOM, why are you so afraid to fight Chinese again? Given they are fat, lazy, and nearly blind?

And really? CNN article after you guys just bash CNN for being biased and all? I guess CNN is always spot on when it comes to China and only biased when it comes to Trump? And the Sun? Isn’t that a trashy British paper barely above their tabloids?

Member

KickThemOut

Share On Twitter Share On Google

So far 90% of the comments have nothing to do with the topic.

btw, team BPOM, why are you so afraid to fight Chinese again? Given they are fat, lazy, and nearly blind?

Member

KickThemOut

Share On Twitter Share On Google

So far 90% of the comments have nothing to do with the topic.

btw, team BPOM, why are you so afraid to fight Chinese again? Given they are fat, lazy, and nearly blind?

Guest

YVR

Share On Twitter Share On Google

Thanks for staying off topic. CNN or anyone else can be biased on one thing and not another.

Member

Best place on meth

Share On Twitter Share On Google

That’s still an improvement from when you’re spamming the board, and 98% of posts are off topic.

Guest

YVR

Share On Twitter Share On Google

Looks like if we are going to get any action of affordable housing it will be because of Weaver, not the NDP. “The NDP need to start sending the market a message that the speculation will end sooner, rather than later,” Weaver said. According to Weaver, the NDP campaigned with promises to tackle housing affordability, but have been too quiet since taking office. He said in the coming days he will announce plans to press the NDP into action. Meanwhile the NDP star MLA Selina is reviewing data before “considering whether to make any moves on affordable housing”. Wow I knew the NDP were frauds but never guessed they could be this bad. Meanwhile, new NDP Housing Minister Selina Robinson has said the government must review data on measures such as the Metro foreign-buyer tax before considering whether to make… Read more »

Guest

YVR

Share On Twitter Share On Google

Looks like Weaver is the only one looking to take action on housing.

“The NDP need to start sending the market a message that the speculation will end sooner, rather than later,” Weaver said. According to Weaver, the NDP campaigned with promises to tackle housing affordability, but have been too quiet since taking office. He said in the coming days he will announce plans to press the NDP into action.

The NDP star MLA Selina is reviewing data before “considering whether to make any moves on affordable housing”. Wow I knew the NDP were frauds but never guessed they could be this bad.

Meanwhile, new NDP Housing Minister Selina Robinson has said the government must review data on measures such as the Metro foreign-buyer tax before considering whether to make any moves on housing affordability.

http://vancouversun.com/news/local-news/green-leader-weaver-pushes-foreign-buyer-ban-for-farmland

Member

Dave

Share On Twitter Share On Google

The NDP are tight with many of our municipal governments who need the housing bubble to continue. The NDP brought in a whole bunch of Vision Vancouver types who will bring them into the goody room:

https://www.youtube.com/watch?v=sr9_GfeoCjk

Member

Best place on meth

Share On Twitter Share On Google

Why do municipal governments NEED the housing bubble to continue?

Guest

YVR

Share On Twitter Share On Google

They rely on the revenue. But not as much as the provincial government does. The municipal governments main issue is NIMBYs preventing proper development. It would be nice to see the provincial government force density.

Member

Dave

Share On Twitter Share On Google

I doubt that will ever happen. The Liberals started to pressure local governments but that was mostly an exercise in finger pointing. The NDP will not pressure local governments about density. They are naturally suspicious of governments giving up any form of control.

In Vancouver, the current government caters to the NIMBYs so they don’t mind the conflict because it gets their voters out. At least in Burnaby, Corrigan has some backbone and he doesn’t seem to be afraid of going against the grain. I guess he has enough of a cushion with votes that he can lose some.

Member

Owen

Share On Twitter Share On Google

Are you sure it’s not as much as the provincial government? Burnaby’s sitting on $1 Billion from CAC fees. Vancouver tries to collect 80% of the lift in land value from re-zoning (that is, land value created through a completely artificially by the city) through CAC fees. Current landholders get all the benefit of high housing prices yet it’s newcomers & millennials who are expected to pay for subsidized housing to ensure no one poor is displaced by same high prices.

Member

patriotz

Share On Twitter Share On Google

License and development fees account for only 5% of CoV revenue, and developments result in expenses too. See for yourself where the money comes from. Click on revenue tab.

http://vancouver.ca/your-government/funding.aspx

Member

Dave

Share On Twitter Share On Google

I use the term ‘need’ loosely.

By that I mean a lot of their revenue is from development taxes, cost surcharges and all the economic activity around it. If you are say an electrician working in Vancouver on a project, they will want to see your Vancouver business license…. $500 please.

A lot of infrastructure work is also downloaded onto developments, so it doesn’t show up as ‘revenue’ on their books, but it’s for things they would otherwise need.

Guest

Doomcouver

Share On Twitter Share On Google

Ironic that the Green swing vote might be the only reason why we could see some cheaper housing. I could see the NDP not tackling affordability to keep all their homeowner voters happy, but if the Greens threaten to trigger a re-election, the NDP will almost assuredly cave to their demands.

Guest

YVR

Share On Twitter Share On Google

I don’t know about triggering an election right now but they will either force them to act or embarrass them.

Member

Dave

Share On Twitter Share On Google

The Greens won’t pull the rug out on the government until they get a referendum on electoral reform. That’s their only possible pathway to having any power beyond the current government.

Member

patriotz

Share On Twitter Share On Google

Absolutely right. Of course, that doesn’t stop them from trying to draw voters away from the NDP before the election. But until PR is the law of the land, they will back the NDP on every matter of confidence.

Member

Dave

Share On Twitter Share On Google

And by extension, the NDP will be in no rush to bring in electoral reform. I think a lot of their supporters like the idea now but that will fade in time. I am pretty sure the party strategists will realize it’s not to their benefit by the time they get around to it. Their challenge will be how do you play lip service to the issue and do nothing in reality. If it was me, I would say we’re watching what the Federal Liberals are doing on this before we come up with a plan here.

Member

Dave

Share On Twitter Share On Google

I actually think the current situation is quite stable. Neither the NDP nor Greens want to call an election because they know the Liberals will be very competitive and could possibly win a majority. I think this is ultimately why Weaver signed with the NDP and not the Liberals. The Liberals would have been more likely to pull the plug and seek a majority government. With the NDP, the Greens are more likely to get electoral reform which is 90% of what they want. And they’re not leaving the coalition until they get it. They only possible way they would is if their supporters go nuts over Kinder Morgan and Site C. But short of a complete coup, I don’t see Weaver pulling the plug. Peripheral issues like housing come and go, but minority governments in BC are more rare… Read more »

Guest

Mick Murphy

Share On Twitter Share On Google

New book could help Chinese-Canadian issues in Richmond

“When you see yourself as a guest, it’s easier to come here and take advantage of the place, and leave,” Ding said.

http://www.richmond-news.com/news/new-book-could-help-chinese-canadian-issues-in-richmond-author-1.22112253

Member

Best place on meth

Share On Twitter Share On Google

Feds widen hunt for dirty money in Miami real estate

http://www.miamiherald.com/news/business/real-estate-news/article168915302.html

On Tuesday, the U.S. Treasury Department announced it would extend and expand a temporary initiative designed to uncover criminals laundering money through real estate. The decree targets secretive shell companies — corporations that don’t have to reveal their true owners — buying luxury homes. The feds have already renewed the rules twice since announcing them in January 2016.

But this time, there’s a big difference — and it’s putting Miami’s struggling condo market under even more scrutiny.

Member

DaMann

Share On Twitter Share On Google

And this isn’t being done here why? it’s a total Banana republic here with virtual open door policy to any and all corrupt money. Bloody shameful what’s been going on and what is allowed to go on.

But hey, as long as people are preoccupied with now eradicating Sir John A Macdonald from history then that’s all we need right? Fucking morons

Guest

Combat roach

Share On Twitter Share On Google

Any legal, meaningful action that could potentially have race card pulled off by local douchebags is not feasible. Too many assholes are now benefiting from the “race issue business” therefore they will (ab)use it until the last available Chinese.

Member

patriotz

Share On Twitter Share On Google

Cool down, that was a resolution of Elementary Teachers’ Federation of Ontario. Easy to say things like that when you have no power to do anything, and even in Ontario nobody cares what they think. I can assure you that the average person in Ontario is concerned with much the same issues as the average person in BC. I can also assure you that the Ontario government, which is facing an election next year, won’t go near it.

Member

KickThemOut

Share On Twitter Share On Google

Is stress and jealous getting a little bit too much for VanGirl or another bear here?

Vancouver SkyTrain Passenger Goes On Racist Rant, Gets Called Out By Riders
http://www.huffingtonpost.ca/2017/08/24/vancouver-skytrain-passenger-goes-on-racist-rant-gets-called-out-by-passengers_a_23178680/

Guest

Combat roach

Share On Twitter Share On Google

Aside that obvious crackhead rather interesting thing is an ubiquitous excuse that became justification to tolerate and accept every shit as a part of multiculturalism.

“man apologized and explained it’s normal for people to talk loudly in the Philippines.”

Member

Best place on meth

Share On Twitter Share On Google

I once yelled at someone from the Philippines.

Told them to get their car off the sidewalk, that’s not where we park in Canada.

True story.

Member

Best place on meth

Share On Twitter Share On Google

75 year old,….known to police for anger issues…..clearly another Nazi.

I can’t believe how many Nazis there suddenly are everywhere, pretty soon they’ll outnumber money laundering shinease.

Guest

Shut It Down Already

Share On Twitter Share On Google

You’ve forgotten already?

http://globalnews.ca/news/3059918/rash-of-disturbing-acts-of-racism-reported-in-u-s-after-donald-trump-wins-u-s-election/

Some morons thought that the events of November gave them a voice. They were mistaken.

Guest

YVR

Share On Twitter Share On Google

Acts of racism didn’t take place prior to Trump? There are no stats that indicate anything has increased. It is all fake news. I recall some pretty nasty stuff taking place under Obama. Like mass shootings increasing by 8 times compared to Bush and any other presidency:

http://truthstreammedia.com/wp-content/uploads/2015/12/msbypres.jpg

Your article cites 5 relatively minor isolated incidents across the US. Hardly a rash and not comparable to the things that happened under Obama’s watch. Did the 162 mass shooters think Obama gave them a voice?

Member

Best place on meth

Share On Twitter Share On Google

6 of 10 deadliest mass shootings in US history during Obama presidency.

Why did so many mass murderers feel they could come out during Barack’s tenure?

But obviously a bunch of losers marching with $5 Walmart tiki torches is the big issue here.

Guest

Shut It Down Already

Share On Twitter Share On Google

“Made in China” tiki torches? Not the smartest, are they?

Guest

Shut It Down Already

Share On Twitter Share On Google

Did the shooters use Obama’s name whilst committing their crimes? No.

I always thought “shit for brains” was a metaphor until you came along.

Guest

YVR

Share On Twitter Share On Google

Actually the most recent example was done under Bernie Sanders name. Which is is worse. Trying to murder the Congress in a mass shooting or spray painting graffiti on a wall?

Scalise shooter identified, was Sanders volunteer

http://thehill.com/blogs/blog-briefing-room/337743-shooter-identified-as-illinois-man

Guest

Shut It Down Already

Share On Twitter Share On Google

Do you realize that there’s a difference between being a supporter of somebody and invoking their name (via, say, attire) whilst committing the deed? Do you understand that the very next day after the election there were racial attacks carried out by morons basically saying “Trump won, and because of that I’m free to act like this!”.

What am I saying? Of course you don’t.

Neither of your links are relevant.

Guest

YVR

Share On Twitter Share On Google

“Christian, who shows support for Vermont Sen. Bernie Sanders on his Facebook page”

Witnesses said Christian stabbed three people who tried to calm him down after he was directing hate speech at two teen girls on the train who are believed to be Muslim.

https://www.usatoday.com/story/news/nation-now/2017/05/30/portland-train-stabbing-suspect/353963001/

Guest

YVR

Share On Twitter Share On Google

Obama has invited the group BLM to the Whitehouse and defended them after they continuously slaughter police offices. He also blamed “both sides” after 5 police officers who did nothing other than being police officers were murdered by a BLM activist at a BLM protest.

http://m.washingtontimes.com/news/2016/jul/12/obama-defends-black-lives-matter-protests-police-m/

Member

paulb

Share On Twitter Share On Google

New
124
Price Change
39
Sold
154
TI:9784

http://www.clivestevepaul.com

Guest

Screwed

Share On Twitter Share On Google

Will never reach 10k…

Member

Best place on meth

Share On Twitter Share On Google

Never?

If only someone offered me such a bet where the loser dies.

I would be all over it.

Guest

best place on earth

Share On Twitter Share On Google

no one needs to die. but bears’ lives have been screwed since 2004.

Guest

Combat roach

Share On Twitter Share On Google

Give us more, your wisdom heals.

Guest

YVR

Share On Twitter Share On Google

More high priority things getting done from our federal government.

Beginning Aug. 31, Immigration, Refugees and Citizenship Canada (IRCC) will introduce an interim measure to allow people to identify themselves as having a gender that is unspecified. Immigration Minister Ahmed Hussen said he was making the change so all Canadians can feel safe

http://www.cbc.ca/news/politics/transgender-passport-x-identify-1.4261667

I feel so much safer now. Lets not worry about the illegal refugees from god knows where pouring across the border or the immigration fraud and money laundering that the Immigration Minister should be dealing with.

Guest

history

Share On Twitter Share On Google

Interesting policy change. Well, who care anyway? Can the immigrant work with construction tools? Read a blueprint? How is his or her back? Can IT carry a 20kg bag of cement? Wire a house, install plumbing? Roofing?

naaaaw cant do any of that, but they will live in a house built to code… Gimme!!!

Member

southseacompany

Share On Twitter Share On Google

“Price Slump, Tight Cash Wreak Havoc in Canada’s Top Housing Market”, Reuters

https://money.usnews.com/investing/news/articles/2017-08-25/price-slump-tight-cash-wreak-havoc-in-canadas-top-housing-market

“The sharp reversal in Toronto’s home prices has thrown Canada’s biggest property market into chaos, with scores of buyers suddenly short of money and desperate to get out of deals that looked good just a few months ago.”

Member

southseacompany

Share On Twitter Share On Google

“‘Painful no matter what happens’: economists worried by B.C.’s financial reliance on real estate”, CBC

http://www.cbc.ca/news/canada/british-columbia/real-estate-economy-1.4260288

“UBC prof. says it’s bad policy to base a budget around real estate industry”

Guest

YVR

Share On Twitter Share On Google

Lindsay Tedds, an economist at the University of Victoria, agrees that the current framework of B.C.’s economy relies heavily on the strength of the market. “Much as we like to point to Alberta being so reliant on their oil revenues, we are very reliant on the real estate industry to prop up our economy,” As I told everyone prior to the election this is why the NDP will not intentionally cool the market. They want to spend all the revenue it brings in. Looks like more programs to help people buy coming as the NDP solution, which of course just makes it worse. At this point however, Somerville said despite the NDP’s promises of cooling the market, so far their strategies are more geared towards making it easier for people at the bottom end of the market to buy property.

Guest

history

Share On Twitter Share On Google

Main Stream Media is the sick dog on the street. Following the prop of the elites.

Nurture the poodle, is what i say. In fact, renovate your house around your pet. It benefits the construction trades, although the human tradesmen (who we really dont give a shit about because he doesnt launder money)….will need to sleep in the vehicles.

Guest

history

Share On Twitter Share On Google

you had your chance to sell to the Chinese, but that wont save you now

http://www.obj.ca/article/cominar-reit-focus-ottawa-quebec-it-sells-14-portfolio

“One of Canada’s largest commercial property owners is selling the Dixie Outlet Mall near Toronto and Calgary’s Scotia Centre tower, as it unloads about 100 properties following a ratings downgrade to focus on its base in Quebec and the Ottawa region.”

VCI Real Estate Aug 25 2017 | Vancouver Condo Info

Share On Twitter Share On Google

[…] –RE based policy painful no matter what –Interest rate normalization –Sharp reversal in Toronto –Tougher penalties for Realtors? –Foreign buyer ban for farm land? –Retail sales slow but hike still expected – […]

Bubble? What Bubble?