Friday Free-for-all! September 8th 2017

It’s the end of another week and that means that it’s time for another Friday free-for-all! This is our regular 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:

BC Realtors to be banned from dual agency
Toronto sales plunge
Montreal on the rise
Loonie going up

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

192 Comments on "Friday Free-for-all! September 8th 2017"

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Londonernow
Member
Londonernow

The collapse is going to be EPIC!
No Tears!

Bear Vancouverite
Member
Bear Vancouverite
It’s still premature to call a collapse: 1) Interest rates still very low. 2) Inventory at all time low (below 10k) 3) Condo prices still rising and still have multiple offers 4) OSFI 2% stress test is only a proposal, not guaranteed yet 5) We don’t know if NDP will actually do the speculator tax or remove the $37k sub prime loan There are definitely a lot of headwinds right now. Anyone who is super bullish right now is taking risk IMO: 1) impact of Vancouver empty home tax is unknown yet. 2) NDP has pushed the speculator tax 4 times already, they want to do something if they want to look reliable and they must know that many people voted them just because of housing. 3) OSFI 2% stress test, if it comes out, will have huge impact 4)… Read more »
Burnabonian
Guest
Burnabonian

It’s a sure thing.

The only unkown is when.

Unless you believe that for the rest of your life and your childrens’ lives and their childrens’ lives, houses in a middle class Vancouver suburb will cost 50-100 years middle class income.

KickThemOut
Member
KickThemOut

It just needs to be another 20 years and most of the bears will be past the Freedom 55 mark and still renting, likely paying some alimony and maybe child support. And when the price crashes, they can’t take advantage because all their free cash flows are flowing to ex-wives and kids living in houses. Oh the irony.

Burnabonian
Guest
Burnabonian
Yes and I have it on good authority that nothing will make a wife slide off her seat faster than telling her that your family’s net worth is going to be negative for the next decade due to “the market crash that nobody could have seen coming”. Ironically the reason why my wife and I are in harmony regarding financial matters is that I have steadily grown our investments with her blessing while steering us away from the unorganized jug fck that is Vancouver Real Estate specuvestment. Do this now: Sign into your online banking and tell me what you see. Better yet, tell yourself. If you see $2,400 in your checking account, $20k in RSPs, $5500 in the TFSA, $7k on the Visa and $125k on your Line of Credit, have a good long hard think about how close… Read more »
KickThemOut
Member
KickThemOut

Rights…that’s why bears are always so happy and cheerful….and all those Dear Garth letters about wives splitting and/or not willing to have kids are all fake.

Homeowners are so unhappy and regret that they bought for the last 10 years that they are splitting like crazy and staying kidless, while renters are breeding like rabbits.

Burnabonian
Guest
Burnabonian

Bulls go down to the track and bet all their family’s money on a single horse.

Bears rent or own their home as a place to live, not a financial vehicle.

The difference is in intent.

Bears make a plan that involves their finances and marriage surviving a likely protracted downturn.

Bulls are so sure that all real estate always goes up that they leverage their family’s money 20:1 to get rich quick.

For a bull, real estate is his net worth, his retirement plan, his future.

In Vancouver unfortunately there is no middle ground anymore — if you believe it’s a bubble you *can’t* buy and if you believe it’s not a bubble you “must” buy.

Unless you are going to tell me that half your net worth is in your real estate holdings and half of it is in diversified investments?

KickThemOut
Member
KickThemOut

yeap, pretty much 50/50 with both working hard.

Bear Vancouverite
Member
Bear Vancouverite

A collapse being a “sure thing” in a window of 50-100 years might as well be no collapse at all. The only sure thing 50-100 years from now is that you and I will be dead.

Londonernow
Member
Londonernow

If you haven’t noticed the draining of liquidity by the world’s central banks then you’re not paying attention. No one’s saying they won’t try to turn the spigot back on but that’s only after another downturn. The appetite, and political will, to continue as is, is gone. Good luck all!

KickThemOut
Member
KickThemOut

With such insight, I don’t know why you are working for hedge funds making tens of millions of your forecasting ability that no one else seem to have.

ostritch
Member
ostritch

Umm Trump is/was planning major infrastructure spending (of course now there are hurricanes which may have thrown that plan off) but he will raise the debt ceiling and spend, pump and drive their economy into ground just after he leaves office. The guy loves debt.

ostritch
Member
ostritch

I believe he’s talking about London.

Dave
Member

A collapse will definitely hurt me, but I will still enjoy the show. It’s worth the price of admission.

Remember the zeitgeist of this moment. Very few think the market is going to correct. If it does correct, watch how most people will claim it was an obvious and predictable outcome.

Dyugle
Guest
Dyugle

Very few expected 1 rate hike.

Dave
Member

Let’s see how gutsy Poloz will be if prices start coming down. My guess is they would panic early into a housing correction.

Abdul Lahazi
Guest
Abdul Lahazi

Poloz takes his marching orders from the U.S. and NAFTA is on the table now so we need a stronger dollar so that means higher Canadian interest rates.

Best place on meth
Member
Best place on meth

Exactly right, if Poloz starts cutting again and tanking the loonie he can kiss NAFTA goodbye.

Doomcouver
Guest
Doomcouver
The BoC’s mandate won’t allow him to act until it’s too late. They’re basically tasked with controlling inflation, and growing the economy. On the inflation side, the deflationary force of a housing bubble collapsing won’t show up in their inflation numbers until the crash has spread to most of the country. Once the genie is out of the bottle, you can crash interest rates to 0 and people still won’t want to buy. Also, you can end up with something called a “liquidity trap”, where the banks will refuse to lower their rates no matter how low the BoC rate gets. On the economic side it’s the same story. Construction, banking, and real estate service will take a massive hit first, but the economic shock will take a while to trickle down to all the other industries like car dealerships,… Read more »
ostritch
Member
ostritch

Can you guys please include foreign investors when you go down this line of fantasy? That and all then REITs that got rich buying up US properties for 50 cents on the dollar probably won’t wait so long to jump in here.

Doomcouver
Guest
Doomcouver

Foreign investors are fickle. Just because Canadian real estate is the trendy thing for wealthy people to dump their cash into doesn’t mean that is permanent. After the inevitable credit collapse Mainland Chinese could decide that the new hip thing to dump all your cash into is oil stocks, or bushels of wheat, or pretty much anything. They’re just sheep and follow what everyone else is investing in.

oncebittwiceshy
Guest
oncebittwiceshy

http://www.msn.com/en-ca/money/topstories/toronto-houses-are-losing-value-at-a-rate-of-dollar100000-a-month/ar-AArohxk?li=AAggFp5

I don’t know, Dave. Apparently Toronto has been dropping $100,000. per month for four months now and Poloz still pulled the trigger on that rate increase. Oh, and Toronto is the center of the universe for Canada … at least in terms of population

Oracle
Guest
Oracle

BS. I was in Toronto and detached pricesbat best maybe down 100-150K.

Sales mix has changed so average means nothing. Kinda sounds like Garth statistics.

Shut It Down Already
Guest
Shut It Down Already

Did you hear that? Oracle went to Toronto so he knows best!

What do you say about the deals falling through and the relisted prices being consistent with the drop oncebittwiceshy mentioned?

Oracle
Guest
Oracle

Can’t lower them if US doesn’t. A chapter in new nafta will be devoted to currency manipulation. Loonie will basically be set at a 85-95 cent range.

YVR
Guest
YVR

“Let’s see how gutsy Poloz will be if prices start coming down.”

Let see? Toronto Canada biggest real estate market is down by 25% since Spring.

Oracle
Guest
Oracle

US Nafta and softwood negotiators indirectly demanded the loonie rise in value.

Nothing to do with anything else.

Owen
Member
Owen

Well, I’ve think it really does have to do with what he says. Canada’s economy is growing quickly and he doesn’t want to slam into the full employment barrier too fast. A little hike now makes the situation more controllable.

stagnate
Guest
stagnate

dave a sizeable haircut will represent a great opportunity. demand will still be out there due to immigration and lack of overbuilding but it would be combined with a lot of forced selling. sharpen your pencils for some ethical flipping!

Dave
Member

I agree. The pattern in Vancouver seems to be a once a decade correction. It’s never a big correction, but maybe we get 15%. I think the recovery this time around would be similar to the 90’s where prices stagnate. But over time, prices will continue their march higher because of population growth.

Burnabonian
Guest
Burnabonian

Prices did not stagnate in the 90’s. They fell continuously for 8 years.

And they were starting from “mildly elevated”, not “world-ending batsht insane being warned by the goddam ECB bubble”.

Play stupid games, win stupid prizes.

Dave
Member

Ya, and history repeats itself. The NDP couldn’t be more timely. Almost nobody recognizes this downside risk.

Oracle
Guest
Oracle

They were voted in to lower house prices.

Oracle
Guest
Oracle

More because detached homes will be less and less percentage of total housing stock.

Doomcouver
Guest
Doomcouver
Immigration may take a hit if we get to full blown house price collapse. Immigrants like to go to countries where they can find a job, and things are relatively stable. Our over-reliance on housing means that a correction could easily destabilize our economy. Also, opportunities will be there, but be ready to have a massive down payment. Financing and mortgage insurance will be much harder to get at the point it makes sense to buy. When home prices bottom out the banks will have gotten battered by borrowers defaulting on debts and they will be scared to lend to most people. I do not think the demand will be great enough to flip properties. Flipping requires a hot market with ever-rising prices. Prices will likely bottom out and go sideways for a long while in my opinion.
Oracle
Guest
Oracle

Disagree. Immigrants will continue to come. The Rich get stability and infrastructure use for next to nothing. Plus a plane ride and a few hours away from motherland.

The poor get much more than they had back home.

oncebittwiceshy
Guest
oncebittwiceshy

The only thing that you’re forgetting Stagnate is the psychology of a market crash. Nevada, Florida, California and Arizona provided a lot of “great opportunities” but very few takers. Perhaps the knife gets sharper as it’s falling.

KickThemOut
Member
KickThemOut

There were lots of takers, just because you didn’t know about it doesn’t mean they don’t exist. In fact, those knife catchers make a killing in the last few years.

Hyper-mega-Bull
Member
Hyper-mega-Bull

bears are calling for a housing market collapse, PSL are for sale at starbucks, school’s started. can mean only one thing: summer is almost over and fall is almost here.

KickThemOut
Member
KickThemOut

Hopefully bears will be going into hibernation soon too, after gorging themselves on imaginary signs of crash and happy dreams of housing crashes, only to wake up all groggy and disappointed in spring. The cycle never breaks for bears.

Burnabonian
Guest
Burnabonian

Remember the thing about stopped clocks.

KickThemOut
Member
KickThemOut

Lucky for bears, it’s coming up to 12 years of Van RE bubble going to burst this year prediction!

Burnabonian
Guest
Burnabonian

Whether your right because you’re smart, or whether you’re right because you’re lucky, who cares?

Either way this is the year when the bears are right.

KickThemOut
Member
KickThemOut

Until they find out in sprint of 2018 that they were not…

Ulsterman
Member

Burnabonian, don’t you see that bears have been saying the same thing for the past 10-15 years? There are been so many “this is it” moments that i’ve lost count. Based on past performance it is just as likely that in five years there will have been no MEANINGFUL correction to prices. 5,10,15 years ago many of us thought there is simply no way this market could go on another 5 years, and it did. Take a tip from the painfully experienced – don’t be too certain.

ostritch
Member
ostritch

I remember one bear laughing at the idea of average pricing of $1M for SFHs. All here ageeed.

Just me
Guest
Just me

Prices are already coming down at the top. In fact, I like to refer to the current situation as a “Harmonion” market: prices are being pushed up at the bottom, but are coming down at the top. The harmonion is being squeezed hard.
Policy makers will have to show some rectitude and ignore the pleas for help (the pleas will come from the would-be millionaires that have bet heavy on housing, although they might think of themselves as hard working families).

Burnabonian
Guest
Burnabonian
+1 There is no argument against stress testing mortgages. It’s like your tinder date telling you to take off the condom and cum inside them. If someone suggests it, the answer is no. I can’t imagine the OSFI saying “we were going to stress test mortgages, but we looked at the numbers and found out that too many Vancouverites would fail the stress test because they are overextended and their market is based on unsustainable debt loads.” …that statement alone could trigger the rush to the exits. Put another way, if you still believe that there is an international criminal billionaire stepping off every international flight at YVR, being towed by winged Unicorns in a hot tub full of cash, buying every mansion he passes, you don’t care about stress testing Canadian mortgages. And if you do care about stress… Read more »
Oracle
Guest
Oracle

Recent PR bringing in foreign cash is what’s driving this market.

KickThemOut
Member
KickThemOut

Is that speaking from experience Burnabonian? I didn’t realize bears are into Tinder and such…but then it’s hard for bears to get long lasting relationship without stability and home, and even cheap Asian massage parlours are too expensive. Like the saying goes, you can be anyone & anything for one night. I guess Tinder & like are bears only hope to stress relieve. Maybe this is why so many of them are always so wound up tight and angry all the time.

Abdul Lahazi
Guest
Abdul Lahazi

The concept of full employment, and what it means for wages, explained

https://app.tmxmoney.com/news/cpnews/article?locale=EN&newsid=jdwempmt&mobile=false

So what is full employment? It’s the lowest rate of unemployment before a scarcity of job seekers starts to inflate wages and hit the economy. We are almost there now.

KickThemOut
Member
KickThemOut

Because otherwise the only raise you get is government mandated increase in minimum wage?

Dave
Member

Another bit of bad news for the market is that the NDP are going to be in power longer than thought and could make it to the end of their term. We’ll find out today if the next shoe to drop will be a referendum in 2018 for electoral reform. Now that the government is likely to make it to Fall 2018 and that the public currently supports change, we’re guaranteed perpetual minority governments.

Oracle
Guest
Oracle

Watch them say ” after consulation, we have decided that there is no consensus on levtoral reform”.

Any bets?? A sure bet if the developers have filled their pockets already.

LS in Arbutus
Guest
LS in Arbutus

Bad things happen to ponzi schemes when people are no longer able to refinance their old credit with new credit…

http://www.zerohedge.com/news/2017-09-08/morgan-stanley-asks-if-employment-so-good-why-happening

Oracle
Guest
Oracle

Ponzu schemes are closed systems.

We have external factors. Foreign money and immigration.

Burnabonian
Guest
Burnabonian

The economy is a closed system with no external factors. By definition.

Until we discover alien life and learn to trade with it.

KickThemOut
Member
KickThemOut

Did you take economics in school? If not, you should shut your mouth so people don’t know if you are mute or dumb.

Burnabonian
Guest
Burnabonian

I read the Wikipedia.

Do you trade with extraterrestrials?

KickThemOut
Member
KickThemOut

Ah yes…Wikipedia…not that there is anything wrong with reading it, but understanding it is a different matter.

Shut It Down Already
Guest
Shut It Down Already

Ponzi schemes are not closed systems. They rely on continuous introduction of fresh capital and fail once it dries up.

specuskeptic
Member

Wow. Oracle was wrong about something basic….

Burnabonian
Guest
Burnabonian

Dollars to donuts the throne speech barely contains a passing reference to housing. That is my guess.

HOWEVER

If they *were* going to announce something, they wouldn’t publish that information in advance would they.

They would blindside the market (after leaking to all their buddies in advance).

Even the FBT was done that way: Instant, brutal, unexpected.

So strictly speaking, all bets are off. I will be tuning in, even if just so I can be mad.

Oracle
Guest
Oracle

They already caused the low end to go up $100,000. Doubt they will reverse that course. Would be the stupidest thing to do. They should have talked down housing from the start. Now they will look like fools if they do something and will look like fools if they don’t.

Not a very smart bunch there…unless they are opening their pockets to developers.

The NDP base basically got lied to. They will truly be suckers if they vote NDP again.

stagnate
Guest
stagnate

doomcouver-flipping is possible in any market any time. it can seem easier when prices are rising but I think the best time is when price levels are falling or stagnant. fear is always causing price distortions.

Doomcouver
Guest
Doomcouver

I will agree you might be able to find a few heavily distressed properties at way below market value. You will have a hard time timing the market though. It could be losing value for the better part of a decade, so you may think you’re getting a good deal, only to see things get cheaper before you can flip.

oncebittwiceshy
Guest
oncebittwiceshy

…. and just because Garth Turner touches on this subject. Enjoy.

http://www.greaterfool.ca/

“In case you missed it, the Yanks have recently discovered it was speculation by upper middle-class families that created a housing monster which ended up eating them. Forget the common belief that deplorables hopped up on NINJA (no-job, no-income) subprime loans caused the crisis by defaulting in droves on mortgages they could not afford. Nope, says a paper authored by several university economists. Never happened.

Analyzing credit data, they conclude the biggest snoflers of new mortgage debt during the housing bubble were those with scores in the middle and top of the credit score distribution. People at the bottom didn’t actually borrow more, with their debt levels remaining constant. Their default rates did not spike when crisis hit, either. It was the wealthier people freaking, selling and walking.”

stagnate
Guest
stagnate

once bitten twice shy- this is vancouver not nevada. we’re likely to get fear of being priced out and fear of losing it all at the same time, it’s a different type of opportunity

oncebittwiceshy
Guest
oncebittwiceshy

I’m not doubting that there will be opportunities, Stagnate. I was able to take advantage of those opportunities back in 1982 but I think that you’ll find that the opportunities are really just buying opportunities or buying and holding. Flipping is going to be a mugs game when the market crashes.

Anyone sitting on the sidelines now, and that is probably limited to a minority, will certainly watch the house prices fall … probably wait quite a while, actually. Why buy when the media is reporting dropping prices each month, like in Toronto, now. Being an intelligent investor, would you buy this month “knowing” that next month the price could be $100,000. cheaper. I doubt it.

“Toronto Houses Are Losing Value At A Rate Of $100,000 A Month”

http://www.msn.com/en-ca/money/topstories/toronto-houses-are-losing-value-at-a-rate-of-dollar100000-a-month/ar-AArohxk?li=AAggFp5

bullwhip29
Guest
bullwhip29
KickThemOut
Member
KickThemOut

India the land where people support rapists…and Oracle wants them all to be in Canada to buy his cardboard Surrey home he’s been building for the last 5(?) years.

http://www.cnn.com/2017/08/26/asia/guru-rape-charge-india-deaths/index.html

KickThemOut
Member
KickThemOut

Anyone noticed a markedly increased productivity among your Chinese co-workers? Or more frequent outdoor activities by your Chinese neighbors? Seems like the smog has lifted their energy level & body health. I guess they are just more used to their old environment and things like clear blue skies, clean air, etc negatively affect their health.

Though the ones at my office still complains that they can’t look at the sun like they can in China.

bullwhip29
Guest
bullwhip29

saw a couple sporting their Canada Goose parkas over pajama bottoms and gucci hi-tops today. never gets old…

KickThemOut
Member
KickThemOut

Did you tell them they aren’t worthy of the Canada Goose parkas and go back to where they came from? Or too chicken?

Abdul Lahazi
Guest
Abdul Lahazi

They are real fashion plates, aren’t they?

KickThemOut
Member
KickThemOut

Well obviously, there is nothing as fashionable, versatile, and comfortable as a full on head to toe black burka. 🙂

Dave
Member

As predicted, there is apparently pretty much nothing in the Throne Speech to address housing.

Oracle
Guest
Oracle

They won’t be. As I’ve been staying for over a month, there are a lot of developer connections in the NDP.

KickThemOut
Member
KickThemOut

Why criminals love Canada – 25 years without parole for murder is unconstitutional!!! Canada loves to protect criminals! This is what soft lefties like NDP & Liberals have done to wreck this great country, and every NDP & Liberal supporter has a bloody hand in this.

http://www.calgarysun.com/2017/09/07/triple-killer-derek-saretzky-files-appeal

Oracle
Guest
Oracle

It’s official.

No 2% tax.

No repealing the first time home buyers loan.

No expanding FBT

No closing loopholes in FBT

No $400 renter credit.

But but but wait until the Feb budget.

Buy now before your rent prices out

Combat roach
Guest
Combat roach

They had to promise something, otherwise how they would get elected. At least you don’t have to look CC face anymore the rest was just political marketing or BS.

Oracle
Guest
Oracle

Who is the moron downvoting the facts?

DaMann
Member
DaMann

LOL and they don’t even roll out the $400 rent credit ( stupid idea anyways) HAHAHA. Wow they sure lied their way in on a grand scale! The very very very minimum should be to scrap the first time home buyers loan. Sounds like the RE industry told them to leave it alone. So they are pandering to the RE industry too. I will be campaigning hard to get the Liberals back in. If I’m going to be screwed either way I choose to be screwed with less taxes and fees. NDP scum, I really should have known better.

YVR
Guest
YVR

“NDP scum, I really should have known better.”

LOL. I think someone around here tried to warn everyone.

Oracle
Guest
Oracle

Here here. Maybe send Eby a link to this site. He is a one term MLA. Let’s try to make sure many NDP MLas are.

Oracle
Guest
Oracle

Fuckin morons downvoting.

Do you dimwits see housing action???

stagnate
Guest
stagnate

oncebittwiceshy-? you think money is only made when prices are going up? I’m talking about opportunity, no one cares about our dreams of going back to 1982. just the fact that prices go up and down 100,000 a month should be telling you something about today’s world.

oncebittwiceshy
Guest
oncebittwiceshy

Stagnate, when prices move like that, it is called volatility. Generally not what an investor is interested in unless you’re a hedge fund manager. However, if you have the bucks and the stones, gamble on, my friend and good luck.

Oracle
Guest
Oracle

Hopefully PR fails. Otherwise the NDP and Libs with developers will rule forever.

Only hope now is Greens calling an election and decimating NDP.

AngloMan
Member
AngloMan

http://www.cbc.ca/news/canada/british-columbia/bc-throne-speech-bc-ndp-1.4281010

“The NDP also promises to increase support to the Residential Tenancy Branch “to make sure tenants and landlords are treated fairly” and also will look at options to curb speculation in the housing market”

What were people expecting? A full on VCIesque rant on everything wrong with the BC housing market?

The “options” remain to be seen, but they are hardly going against any campaign promises here. At least not yet anyway

Burnabonian
Guest
Burnabonian

They promised action.

“Look at options” is the same as “no changes at this time”.

AngloMan
Member
AngloMan

Look at options is quite simply “Look at options”. Unless you are speaking Orwellian

KickThemOut
Member
KickThemOut

All politicians speak Orwellian…how else are they going to fool the people into electing them?

AngloMan
Member
AngloMan

Better Grab your Tin Foil Hat & Shotgun and head to your compound in the mountains, if thats how little faith you have in Democracy.
Like i said above the options remain to be seen.

YVR
Guest
YVR

They already put forward legislation when in opposition and Eby had a press conference twice per week on what he was going to do. Anyone who voted NDP for action on housing was scammed.

AngloMan
Member
AngloMan

Oh the Impatience!

Oh NO
Guest
Oh NO

NDP don’t need to announce changes to housing, its in a downward trend thanks to rates rising, the OFSI new rules will be the icing on cake.

FACT

Burnabonian
Guest
Burnabonian

Give the man a cigar.

Oracle
Guest
Oracle

OFSI new rules?? LMAO

Just like the other game changer rules of the last decade. ?? Lmao.

Doomcouver
Guest
Doomcouver

I don’t think any of the rule changes over the last decade were as potentially ground shattering as this one. Having to qualify based on a mortgage rate 2% higher is basically equivalent to jacking up interest rates by 2% overnight.

No more
Guest
No more

This forum is going downhill…fast. It’s either some tirade of abuse or someone claiming they have ‘facts’ that dont exist. I come here to look for news bites on vancouver’s housing situation, but find nothing but a lot of garbage and conjecture.
The ndp is not going to allow anyone to front run their housing policy. So until theyve had a chance to piece together a plan to stop money laundering and rampant speculation, theyre not going to talk about it or give criminals a ‘heads up’. Sheesh.

YVR
Guest
YVR

“So until theyve had a chance to piece together a plan”

Did you miss Eby’s 2000 press conferences with his plan that he went over and over again prior to the election? Did the dog eat the plan?

Oracle
Guest
Oracle

Hahahaha. Blunt but can’t argue your response.

The big changes are coming in Feb/18 budget. /sarcasm

Best place on meth
Member
Best place on meth

Between Oracle and space, it’s a complete sewer here.

50% of the posts are by those two, nothing but babbling nonsense and idiocy.

VCI logo should be a short bus with CNN on the front of it.

bestplaceonearth
Guest
bestplaceonearth

didn’t you know you have been swimming in the sewer, and sucked in your mouth a few while you are in it?

Shut It Down Already
Guest
Shut It Down Already

You made it the sewer, dumbass. And you should be grateful every single day that admin gave you a platform for your toxic hate speech.

Best place on meth
Member
Best place on meth

Oh, that reminds me.

Throw shit it down in with the other two, the HAM denying asshole who contributes nothing other than snide comments at other posters and a shitload of race baiting.

A lowlife and a traitor.

Shut It Down Already
Guest
Shut It Down Already

Racist calling others a lowlife. How cute!

Jwjs
Guest
Jwjs

Market is doing very well so bears have nothing real to post about. Haven’t for years.

Doomcouver
Guest
Doomcouver

Truly epic bubbles don’t pop until the last bear capitulates. That’s the stage we’re in now. Only the crazy contrarians like me still believe the crash is coming. All the non-contrarians already gave up, joined the herd, and bought housing.

paulb
Member

New
209
Price Change
60
Sold
163
TI:9612

http://www.clivestevepaul.com

YVR
Guest
YVR

B.C. Premier attends cash-for-access dinner

CKNW has learned event goers – including well-known business people and developers – paid between $1,000 and $5,000 to attend the event

Then poses with convicts for a photo.

photos from the event show Horgan, Sims, Hepner, and Horgan Chief of Staff Geoff Meggs posing with a convicted shooter, former Radio India boss Maninder Gill. Gill was sentenced to four years behind bars for a 2010 shooting outside a Surrey temple that left one man injured.

YVR
Guest
YVR
YVR
Guest
YVR

The comments in the article sum it up.

Ryan Sweetmeat Johnson · Okotoks, Alberta
#change hahahahahaha

Teri Rae · University of Guelph
Big surprise. Did anyone actually think they’d act ethically?

Edward Horne · North Island College
wanna play? gotta pay…..same old same old

Michael Li
Nothing more than a glorified bribe dinner. Politicians are scum.

Dave Cody · Crane op. Welder at Norjay Industries Inc
U idiots voted for this!!!!

Andrew Murray · Vancouver, British Columbia
Meet the new boss same as the old boss.

history
Guest
history

I knew a Municipal New Westminster politician back, oh, 20 years ago… He said the future was Air Rights.. density. Bosa went hog wild and it was smart. Pushing the envelop on Elevation.

My kid was conceived in a high rise, but thats another Story.

YVR
Guest
YVR

Horgan’s response to the convicted criminals at his fundraiser:

“I’m certainly not in a position to tell people who they can and cannot invite in their home.

Of course not John. All you care about is they paid you $5K each to attend. Kind of sounds like a whore. The whore will sleep with who ever as long as they pay the fee. You are going to make a nice premier Whoregan.
http://www.cbc.ca/news/canada/british-columbia/b-c-premier-john-horgan-surrey-mayor-linda-hepner-pose-in-photo-with-convicted-shooter-1.4281767

Best place on meth
Member
Best place on meth

Disgraceful move by Horgan.

This is precisely why the top 2 priorities for the new government are

1. Banning all donations from groups – corporate, union or others

2. Proportional representation – because no party can EVER be trusted to govern alone, especially in super-corrupt BC where the scum always rises to the top.

Some day we need to go even further and ban political parties altogether, they’re just exclusive clubs, gangs really, that rip us off and enrich themselves. All representatives will be Independants.

But for now voters gave the NDP a mandate with training wheels for good reason, and Weaver can kick them off Horgan’s bike anytime he pleases.

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Guest
history

People are addicted to leverage. The vote is classic exAmple.

I VOted for you, yeah, You Horgan… Widen my hiway from Sooke to Langford so I can get to Victoria faster on my daily commute. (Said on twitter by crazy heloc lady)

You see where that put the pols with Fast Ferries? It was the same stupid shiet.

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Guest
history

The photos with the pedophiles come next, ughhh

CKNW knows where the young boys are buried.

MarKoz
Member
bullwhip29
Guest
bullwhip29

presale buyers flipped on their heads and given their deposits + some hush money to go away. this sleazy developer will sell the property to another affiliate and they’ll do the whole song and dance again. of course, had the market dropped materially in the same time frame, some buyers might have walked away and teams of lawyers would be crawling up their a$$es to get them to complete.

1, 2, Pee
Guest
1, 2, Pee

Nailed it.

wpDiscuz