Is the foreign buyer tax working?

Recent data shows the number of real estate transactions with foreign buyers has risen, but is still far below the level prior to the implementation of the foreign buyer tax:

The data shows five per cent of the 6,105 property transfers in September involved foreign nationals, up from 2.5 per cent in April.

That remains far below the percentage of foreign nationals buying homes before the former Liberal government implemented a 15 per cent foreign buyers tax in August 2016 in an effort to cool the hot housing market.

The BC Finance Ministry previously reported that from June 10 to Aug. 1, 2016, 13.2 per cent of all property transfer transactions in Metro Vancouver involved foreign buyers.

Read the full article here.

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Lost...but not leased
Guest
Lost...but not leased

phyrzzzttt

bullwhip29
Guest
bullwhip29
the Libs were previously quoting figures way lower than 13.2% and then abruptly backtracked. since the tax was implemented, foreign buyers simply looked elsewhere (where the FBT didn’t apply) or used various loopholes and work arounds to dodge the tax. the notion that they simply disappeared is laughable. ultimately this will all wind up being a total waste of time as many foreign buyers will end up getting the money refunded anyway. for the pro FBT/housing measures crowd this would actually be the best case scenario. now should the FBT class action suit actually gain traction (which i see as a real possibility) then the outcome is considerably more dire as all those buyers not only get the FBT refunded to them, they will likely receive some additional compensation for their troubles in addition to an overnight lift in the… Read more »
Oracle
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Oracle

NDP has committed suicide. I don’t think they will recover from this zero action. Many people that voted for NDP this time simply won’t believe them or go vote for them. They are already done like dinner.

Even if they do a little eventually, people will still be pissed at them. At least if the Liberals are in power, they can keep our taxes low.

Just me
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Just me

The NDP still can redeem themselves. They can dig themselves out of the hole if they go nuclear on housing. Voters are focused on that and they will not be fooled easily. Only policies that will lower house prices will save the NDP.
Policies focused on rentals amend homelessness alone will not cut it for Horgan and Eby to get voted into office again.
They still have some time, but the longer they wait the higher price they will pay.

bullwhip29
Guest
bullwhip29

they had a brief window to strike while the iron is hot, but that has unfortunately closed, by Feb 2018 their fate may be determined by other forces beyond their control.

Oracle
Guest
Oracle

I agree the window has closed. They won’t touch housing months in the year of the referendum. They should have went nuclear on housing in June (talk market down) and they could have backtracked as they got closer to the referendum.

Its obvious that they never intended to anything on housing.

Plus i still think they will sabotage the referendum since they got nothing to gain. Only way they support it is if weaver has the same masters.

Oracle
Guest
Oracle

Fairy tale wishful thinking. You have a better chance of winning the Lotto Max than that happening now. I’m done with NDP for life. This region is turning into a banana republic. Many girls selling bodies to pay for rent nowadays. Or you can look the other way and say it doesn’t happen. All on Horgans and Ebys watch.

Just me
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Just me

Worth re-posting, for those who might have missed it.

Bank of Canada caution on rates a mistake as debt swells, Dodge warns
Former bank governor says keeping rates low only encourages Canadians to pile on more debt, putting financial stability at risk

http://business.financialpost.com/news/economy/former-governor-says-poloz-caution-a-mistake-canada-eco-watch

Doomcouver
Guest
Doomcouver

This was a good article just because this is not discussed in the MSM very often. Sustained low rates are extremely dangerous and central banks have been wantonly slashing them, seemingly blind to the systemic risk it poses to economies. Low rates have not encouraged business to spend as central banks were hoping, in the aggregate businesses have been hoarding cash to try and weather the next economic storm. Your average consumer is not that forward-thinking however, and has borrowed ridiculous amounts of money that they have no hope of paying back in a normal rate environment.

patriotz
Member

“from June 10 to Aug. 1, 2016, 13.2 per cent of all property transfer transactions in Metro Vancouver involved foreign buyers.”

As I said in the previous thread, this period is not valid for comparisons because of the massive rush of closings brought forward in the last week of July to beat that tax taking effect Aug 1.

Just me
Guest
Just me

Correct. There was a rush to buy right before the implementation of the tax. This bunching makes that percentage look higher.

One figure we should actually ask governments to give us the rate at which foreigners do sell their units.
Example: If locals account for 90% of purchases and for 95% of sales, their share is dropping. In that case, if foreigners only buy 10% but rarely sell (say, they account for only 5% of sales) then foreigners slowly end up owning most of the housing stock in Vancouver.

Both the flow into ownership and the flow out of ownership matter for the share of properties owned by foreigners. We need those figures. We need to know how much of the total stock these guys own.

Shut It Down Already
Guest
Shut It Down Already

It wasn’t a rush to buy, but a rush to close existing sales sooner.

best place on earth
Guest
best place on earth

You are so smart to analyze these things. Instead, why have you not used all the time you spent here to plan a condo for yourself in the past three years?

Combat roach
Guest
Combat roach

Good Lord, you are unprecedented. Hopefully, you are leaving your brain to science. There will be a significant breakthrough in the brain research after dissecting and studying such exemplary specimen.

best place on earth
Guest
best place on earth

yeah, i already signed the donation card. it’s the only chance I would be able to go to medical school when i am dead.

how about you? i don’t think any institution would accept yours, as the brain is full of anger, hatred, and racism. it’s toxic.

KickThemOut
Member
KickThemOut

You mean like after being wrong on one of your biggest decision in your life for 10 years now and refuse to admit you are wrong? That if only x, y, z didn’t happen then you can buy that west side SFH for $500K years ago? But regardless you are still right because you are so much further ahead renting all these years than owning? Even though houses are ever more out of your reach? Even after a 50% crash?

Doomcouver
Guest
Doomcouver

Some people care about buying things at a “fair market value”. When you factor in maintenence, property tax, and strata fees, a mortgage on most condos is almost 2X what it would cost to rent a similar apartment. Normally, in most markets, you are rewarded by your credit worthiness by being able to pay a lower monthly cost to buy than rent. Any moron that isn’t completely horny about real estate would tell you not to buy an asset like that, no matter how many granite countertops it has…

Shut It Down Already
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Shut It Down Already

You’re counting principal as an expense.

Strata Hacker
Guest
Strata Hacker

You are completely wrong regarding the realative costs of renting vs buying, Doomcouver.

bullwhip29
Guest
bullwhip29
HAM has simply been accumulating. no other way to account for what has transpired. the many pre-sale buyers, shadow flippers and money refiners who sold at some point inevitably recycled the “effectively” tax free profits and bought something else at a higher price point. sure there was an additional pop between July 25 and Aug 2, but buyers were red lining it in the weeks/months leading up to the July 25 announcement. i still maintain that the rennies of the world knew the FBT was coming months in advance and likely had their fingers all over the first time buyers grant as well. now the RE developers, lenders and the collective group of HAM buyers victimised by the govt will all be siding against Horgan and the NDP. regardless of how this plays out for the current administration, they will… Read more »
Shut It Down Already
Guest
Shut It Down Already

“Give us the data, so we can ignore it and make up our own bullshit!”

Not again, surely?

southseacompany
Member
southseacompany

“Bank of England hikes interest rates for first time in a decade”, The Telegraph

http://www.telegraph.co.uk/business/2017/11/02/markets-await-first-bank-england-interest-rate-rise-decade/

“The Bank of England has raised interest rates for the first time in a decade to head off rising inflation putting the squeeze on UK households. The central bank’s Monetary Policy Committee voted 7-2 in favour of increasing the base rate from 0.25pc to 0.5pc.”

Doomcouver
Guest
Doomcouver

Wealth consolidation is about to happen on a global scale. Once interest rates get cranked up the debtors will be completely crushed, and the wealthy will become wealthier. Everyone should have been using this historic low rate environment to pay down debts and build up a buffer for the coming recession, instead many doubled down, borrowed as much as they could, and bought cars, houses, and other crap they don’t need. It’s shaping up to be the worst economic crisis of all our lifetimes. Central bankers are going to have a lot of blood on their hands, but what else is new…

ostritch
Member
ostritch

Slow down there, cowboy. It would be nice if rates went back up to a 4% return for a senior to live off of their savings but that’s not in the cards. Fed rates at 0.5, 1.0, 1.5 will be around for a long time yet.

bullwhip29
Guest
bullwhip29

City of Vancouver pushing for a UNESCO heritage designation for Chinatown
http://www.cbc.ca/news/canada/british-columbia/vancouver-resident-apology-1.4381783

>>> the pendulum has swung so far in the other direction now that it is merely a formality that the racist foreign buyer’s tax will be eliminated, the victims will be offered additional compensation and yet another “apology” will be issued

Doomcouver
Guest
Doomcouver

Anyone who legitimately tries to conflate the FBT with racism is a total moron. Caucasian non-Canadians are subject to the same tax as the Chinese are.

bullwhip29
Guest
bullwhip29

right… but if it proves to be an effective ploy by the most visible component of that target group, who will look like morons then?

Shut It Down Already
Guest
Shut It Down Already

Right, hence every single post here venting against Caucasian foreigners? Please.

ostritch
Member
ostritch

But the whole city is a china town. Don’t get why they want to preserve rundown buildings. It’s like take a building, put it in a damp climate, don’t paint the exterior properly, don’t fix up the interior, keep the heating off and watch what happens over 50 years. What’s the designation for? Mother Nature?

Lost...but not leased
Guest
Lost...but not leased
Laughable.. Facts and probabilities We’ve had 30 years of RE momentum from Hong Kong and Mainland China. It was out of control 30 years ago. This is the equivalent of King Kanute and the Tide FBT and other bandaids…Its not “too little too late”. it’s never been serious and is actually ” F*ck All Forever “. Not sure about other posters, but in our extended circle of people RE is neither a hot topic nor are people ” lining up for pre-sales “. IMHO, China is a FRAUD….it’s only advantage is its size. population, and its secretive COMMUNIST Gov’t ( Note practically speaking, zero difference between Communism and Big Banks). Numerous stories about how corrupt China and its economy is. Wave the magic wand, remove the Chinese factor, the global economy collapses Gov’ts know this, so any initiatives to stem… Read more »
Combat roach
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Combat roach

Right, while momentum lasted BC piled up so much of that garbage due to greed, political stupidity and people’s naivety therefore whatever happens in the future this area will remain permanently damaged and severely polluted to resume a healthy growth.

Doomcouver
Guest
Doomcouver

I agree, I do not see a “2nd China” coming to save our local market. As was said the sustained frenzy caused by 30 years of Chinese migration will end due to China’s extremely overstretched credit markets. Many of the newly minted millionaires are only wealthy on paper, and much of their “wealth” is gained through negative cash-flow businesses propped up by the government, and ghost town make-work projects for speculators to buy and leave empty. It’s somewhat similar to the USSR before it’s collapse, but with more credit involved. The government was able to keep all the plates spinning right up until the whole thing fell in on itself. A similar situation is forming in China, and it will be very very bad for the entire world.

Dave
Member

I see it that way to some extent as well. The unofficial debt level is apparently huge, nevermind that the official debt is also huge unto itself. The crazy thing is that China will squeeze people not to call loans when a collapse starts to happen and they have the power to do it. But, we also know economics has a funny way of winning out in the end. So I think the way this plays out is that totalitarian control is what will push the situation to the absolute limit and when it starts to unravel, the whole thing will collapse in a big way.

KickThemOut
Member
KickThemOut

You mean like how all those macro hedge fund managers who made hundreds of millions of dollar shorting the Yen and JGB??

Oh wait! That hasn’t happened yet. Rather most of them either went bankrupt or if they are lucky, get to lick their wounds before starting again.

Doomcouver
Guest
Doomcouver

That’s because almost no one will be able to time the collapse exactly. Many of the hedge fund managers think they can see more of the future than they actually can. The market will correct, but when that happens is almost entirely up to the intangibles of market sentiment.

ostritch
Member
ostritch

Yes but the absolute limit could be years and years away. They are still the world’s manufacturer and the government has deep pockets; they’ve already used them to force state-owned-enterprises to buy up lots of apartments. Force? They own the SOEs.

Doomcouver
Guest
Doomcouver

I feel the fact that the government has turned to some pretty heavy-handed methods of late to reign in credit, and capital outflows puts us somewhere in the endgame now. I’m of the opinion that the Chinese government won’t be able to stop this debt binge, and once they totally lose control that’s when it blows up. Totalitarian governments think they can control the free market, and they can for a while, but when valuations and credit are this overstretched, it becomes unmanageable. If you want details, this article outlines the basic thesis, compared against the Japanese experience: http://www.valuewalk.com/2017/08/chinas-credit-bubble-far-biggest-ever-depth-crescat-capital/

KickThemOut
Member
KickThemOut

So how does a FRAUD country became so essential that world economy collapses without it? Seriously? I would like an explanation of this is even possible? Shouldn’t removal of a fraud be good for the world economy?

Lost...but not leased
Guest
Lost...but not leased
Speaking facetiously, I’m sure if we e-mailed China and told them to stop and behave themselves, they will. If one follows the history of Hong Kong..it became a British colony as a result of the Opium Wars. The British used this colony as a major financial center, as they realized that Mainland China was too large to govern. To avoid future conflict with Mainland China, Hong Kong was leased till 1997. So…what does this all mean? IMHO, this was a master plan hatched long ago. there is no coincidences, ESPECIALLY when globally most nations have bought into the Ponzi scheme called fractional reserve banking. Mainland China was Communist since 1949, but approx. 20 years later was recognized by Nixon. China was simply a Frankenstein in waiting for the global banksters and multinationals to unleash globally. Flight from Hong Kong pre… Read more »
bullwhip29
Guest
bullwhip29

Times Colonist letter: Who is B.C. government managing for?
http://www.timescolonist.com/opinion/letters/who-is-b-c-government-managing-for-1.23080920

Just me
Guest
Just me

Good letter.
It points out the situation and the only possible way out. Sometimes you need an average guy to tell it as it is.
Will the NDP listen?

bullwhip29
Guest
bullwhip29

the problem is that many of the (formerly) hardcore left wing NDPers on the island are real estate millionaires now. in victoria anyway, the horses have left the stable…

bullwhip29
Guest
bullwhip29

Oak Bay News letter: Breakdown behind the housing crisis
https://www.oakbaynews.com/opinion/letter-breakdown-behind-the-housing-crisis/

bullwhip29
Guest
bullwhip29

Vancouver is home to the world’s tallest wooden building…for now
https://www.lonelyplanet.com/news/2017/11/02/worlds-tallest-wooden-building-vancouver-2/

>>> first, all wooden frame town houses, now high rises…yep, i’m convinced more than ever this will all come crashing down…literally

Abdul Lahazi
Guest
Abdul Lahazi

That building has a two concrete cores and a concrete floor base so it’s cheating (sort of). This 8 story building in Prince George is all timber construction:

http://www.cbc.ca/news/canada/british-columbia/wood-innovation-laboratory-being-built-in-prince-george-1.3962878

Doomcouver
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Doomcouver

At least you’ll get evenly cooked when the building inevitably catches on fire.

Abdul Lahazi
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Abdul Lahazi

and a building over 8 floors or so would collapse under it’s own weight because wood is not strong enough to support the weight on top. The wood foundations would have to be too thick at the base.

Confucius
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Confucius

Vancouver is the world’s tallest house of cards.

Diadora
Guest
Diadora

Canada will admit almost 1 million new immigrants over the next three years….bolster the country’s aging population.
https://www.bloomberg.com/news/articles/2017-11-02/canada-to-admit-980-000-new-permanent-residents-over-three-years
The government have let in many millions of immigrants in the last 20 years and the average age of the citizen remains almost the same.

Abdul Lahazi
Guest
Abdul Lahazi

Because these immigrants grow old too and within one generation they stop having kids just like everyone else (too expensive) so the demographic never changes. It is a vicious cycle. Also some of them leave when they realize that Canada is not the land of milk and honey.

Doomcouver
Guest
Doomcouver

Yeah that’s right, all the young working age people leave to go back to their own country. This effect will be amplified when the credit bubble pops because most of the good jobs will be gone. Look at what happened with Hong Kong immigrants. They’ve all but left now because they can make more money back home. We get left with all the old and dying relatives. Canada needs a serious rethink of how we handle immigration. It’s not good for Canadians or Canada the way it’s run currently. The only results we’re getting is ridiculously overpriced housing, and racial ghettoization of our neighborhoods. This will not fix our demographic problems it’s making it much much worse.

Oracle
Guest
Oracle

They don’t care about demographic problems. Trust me.

KickThemOut
Member
KickThemOut

Nobody here trusts you.

DaMann
Member
Active Member
DaMann

Unfortunately even mentioning the word immigration gets you labelled a racist or even better yet a Nazi. These latest immigration numbers they are wanting to achieve is asinine.

Doomcouver
Guest
Doomcouver

“Nazi” and “Fascist” are just terms that get thrown by the alt-left so often now they’ve become meaningless. Regardless our credit market is turning a corner. They’re struggling to hit 300k immigrants a year now, imagine what it’s like when our unemployment numbers are double what they are now. We’ll have to start paying immigrants to move here, and they still may not come.

Shut It Down Already
Guest
Shut It Down Already

False. You would love to think that it’s forbidden to discuss immigration. It’s not. But if you can’t see that many posters here cross the line by using racial slurs then quite frankly you’re a fucking retard.

Madashell
Guest
Madashell

Most of these so call immigrants will not relinquish there original citizenship and they keep both, best of both world which a Canadian born will only have one. Get rid of duo-citizenship.

Oracle
Guest
Oracle

Why not? Millions now take advantage of this. Even immigrants who become citizens. The computer systems aren’t linked.

I know elderly who collect pensions in 2 countries and keep assets separate from each country. In Canada, poverty declared so no MSP and MAX GIS/OAS and bus passes. 6 months here and 6 months there…

Suckers are the asleep local workers who continue to take it…

Shut It Down Already
Guest
Shut It Down Already

I can just imagine how you’d whine if foreign countries reciprocated that in a way which impacted Canadians living overseas.

Joe Deficit
Guest

Since T2 has increased our debt per capita to record levels… increasing population will lower the debt per capita!

Problem solved!

Abdul Lahazi
Guest
Abdul Lahazi

Alberta landlord struggling to evict man living rent-free on his driveway

https://globalnews.ca/news/3838405/alberta-landlord-struggling-to-evict-man-living-rent-free-on-his-driveway/

What a pickle …

best place on earth
Guest
best place on earth

freeloaders exist everywhere. unfortunate, landlords have less rights than the freeloaders in the eyes of the law; but that does not still please the freeloaders.

KickThemOut
Member
KickThemOut

Which is probably why a lot of owners don’t rent anymore…..a single bad tenant will wipe out all profits, while all the bears and lefties will be claiming how the renter is a victim and need more rights and protections. You almost have to be a masochist and/or have ties to criminal elements to rent in Canada.

kabloona
Member
kabloona

Solution: wait until buddy goes to the bar or local store for smokes or whatever, hitch up his “house” to a truck and drag it into the street. Then the city will eventually remove from the side of the road as a derelict vehicle…

Like the RCMP said, it’s a civil matter….

😉

KickThemOut
Member
KickThemOut

Then the freeloader will sue you for damages and put a lien on your property, if you are lucky.

kabloona
Member
kabloona

So sue me…. pretty sure I could beat that rap and he’s probably broke.

🙂

KickThemOut
Member
KickThemOut

But the important question is – is the freeloader a locust? Is the landlord a locust?

patriotz
Member

Alberta law requires landlords to get a court order to evict a tenant. Instead of doing this, he thought he could get the RCMP to do it for free. The story notes that he has finally hired a lawyer and will go to court Nov 9.

If you can’t be bothered to learn the legal regulations for any business, and that includes being a landlord, don’t go into it.

Doomcouver
Guest
Doomcouver

Canada is full of greedy land hoarders like this guy; I don’t feel bad for the landlord at all. This slum-lord obviously wasn’t prepared for the consequences of not selling. If he’s your average Canadian speculator he likely has at least a half-dozen overpriced crap-holes he’s renting out. He’s lucky this guy isn’t squatting inside the house. I recommend he just plant a high hedge around this guy’s hut and hope he dies of hypothermia. Maybe next time he won’t be such a dirtbag speculator and only own the housing he personally needs.

Hyper-mega-Bull
Member
Hyper-mega-Bull

FINALLY someone is asking the right question about the biggest health emergency facing N. America as the dead bodies continue to pile up and loved ones continue to weep their children’s, sibling’s, parent’s lives cut short.

China is using fentanyl in a chemical war against America

http://www.mcclatchydc.com/opinion/article182139386.html

bullwhip29
Guest
bullwhip29

yeah, you’d think the so called authorities here would spend a minute or two trying to stop the flow of this crap into the country VS dreaming up plan after plan to treat the addicts and corpses lying all over the place

KickThemOut
Member
KickThemOut

Yes, you would think so but they don’t….that tells you all you need to know about where the real problem is.

squeak
Member
squeak

Nip it in the bud.
Ooh how much money and crisis Canada could have saves/avoided if they would have just looked at concerns with a good common sense view in a timely manner, not the knee jerk reaction, pathetic band aid solutions.

Very expensive and wasteful way of running a country.
No wonder it is sinking.
The weather gone colder, darker, wetter. Expect too see a lot more to surface on the street level. It is ugly.

Shut It Down Already
Guest
Shut It Down Already

Right, there was no drug problem in Vancouver prior to the arrival of fentanyl. Right?

Oracle
Guest
Oracle

My theory is it was meant to be used on the downtown east side population. Then developers and landowners would make more $$$.

Drug dealers would never kill off their customers. That would be stupid.

history
Guest
history
bullwhip29
Guest
bullwhip29
squeak
Member
squeak

Will it? I dont think so, too corrupted.

Young with enough survival instinct leave Vancouver. I would in a heart beat if I was under 40. My time is too valuable to be wasted on Vancouver wasteland.

Doomcouver
Guest
Doomcouver

This will just make the debt implosion even worse here. Many of the young people are gone, and the overindebted boomers have no one to sell their overpriced, moldy, leaky crack-shacks to. The Chinese will lose interest (or go bankrupt) at around the same time the credit market dies, and many detached homes around the province could be 50-80% off their highs before they can find buyers. Just watch, the reckoning is coming.

Many people may have to flee the province AFTER the crash just due to how bad the jobs market will be. If you’re working a job that a real estate agent, construction worker, or banker could do, you’d better get ready to fight for your position. A lot of cheap and desperate scab labor could be available very soon.

southseacompany
Member
southseacompany

“CENTRAL BANKERS FACE A CRISIS OF CONFIDENCE AS MODELS FAIL”, Financial Times

https://www.ft.com/content/333b3406-acd5-11e7-beba-5521c713abf4

“Central bankers usurped the titans of Wall Street as the masters of the universe almost a decade ago. They rescued the global economy from the financial crisis, flooding the world with cheap money. They used their powers effectively to get banks lending again. Their actions raised asset prices, keeping business and consumer confidence up. Financial markets and populations hang on their words. But never have they been so vulnerable.”

“As they gather in Washington for the annual meetings of the International Monetary Fund, there is a crisis of confidence in central banking. Their economic models are failing and there are doubts whether they understand the effects of interest rates and other monetary policies on the economy.”

Doomcouver
Guest
Doomcouver
Central bankers are finding that they’re not able to incentivize businesses to borrow more money, while the low rates are creating the largest asset bubbles we’ve ever seen in bonds, stocks and housing. They don’t have any other tricks up their sleeve though so they kept cutting rates, hoping that the next rate cut would have more positive effects, while they were actually mostly producing negative ones. They just don’t want to admit that sometimes central banks are powerless to market forces. That would take way more intelligence than your average Central Banker can muster. Poloz will be quitting any day now as the whole thing starts to fall apart. I’d hate to be this clown’s replacement. Becoming the next Governor for the Bank of Canada will be the metaphorical equivalent of inheriting the world’s largest rancid trash heap.
Abdul Lahazi
Guest
Abdul Lahazi

Poloz was an imbecile for cutting rates to .50% and blowing house prices sky high.

Doomcouver
Guest
Doomcouver

To be fair, Mark Carney did most of the hatcheting of interest rates since he was in power 2008-2013. Poloz just continued his moronic legacy. Central bankers are mostly megalomaniacs that think monetary policy can fix everything. What they don’t seem to understand is most levers the central banks have are extremely blunt instruments for fixing an economy. Using interest rates to encourage business spending is like trying to squeeze toothpaste out of a tube with a sledgehammer. Sure you’ll get some toothpaste out, but you just smashed your entire sink in the process.

bullwhip29
Guest
bullwhip29

Edmonton police warn of ‘virtual kidnapping’ scheme targeting Chinese students
https://globalnews.ca/news/3840042/virtual-kidnapping-chinese-students-edmonton-police/

>>> soon authorities from coast to coast will be issuing round the clock warnings to be on the lookout for anything and everything that could pose a risk to the hundreds of 1000’s of precious fuerdai princesses and princelings that are singlehandedly keeping schools and universities from PEI to Powell River flush with cash, the real estate market propped up at higher and higher high’s and the financial institutions, legal and accounting firms and “specialty” retailers and consultants overflowing with more business than they can handle

Lost...but not leased
Guest
Lost...but not leased

This is why they have such disproportionally high breeding rates, in case of such long overdue events.
Also,police lineups for suspects end up a gong show……for the usual “punchline” reasons

Doomcouver
Guest
Doomcouver

Plot twist: The calls are actually the Chinese Communist Party and your parents are actually kidnapped, for reals.

KickThemOut
Member
KickThemOut

Holy fuck!!! Did you people know that Chinese loves to eat pig blood?? Seriously, WTF? I thought vampires were a myth…but now I’m not so sure anymore

https://www.google.ca/search?q=pig+blood&source=lnms&tbm=isch&sa=X&ved=0ahUKEwj77LLpzqDXAhXEKiYKHcdwCNoQ_AUICigB&biw=1387&bih=622

Lost...but not leased
Guest
Lost...but not leased

An even greater gross out is when they eat live monkey brains..

The animal is secured at the center of a table…upper portion of skull is removed……and they pick away at its brain while it is alive.

( Mind you, this is eerily similar to how NDP , Vision and Trudeau supporters are created.)

Lost...but not leased
Guest
Lost...but not leased

Time to turf the Vancouver Island NDP and GREEN mafia..

The Green MLA’s all represent Vancouver island ridings
John Horgan and Carol James as well..

Sick of their collective sh*t eating grins.

Time to lobby for either bridge/tunnel to Vancouver Island or free ferry passes for Chinese

Doomcouver
Guest
Doomcouver

https://www.thestar.com/news/immigration/2017/11/01/canadian-government-to-raise-annual-immigrant-intake-by-13-by-2020.html

This is too funny. It’s a three year program but it will likely get the federal Liberals voted out in 2 years. The majority of Canadians do not want more immigrants and will vote accordingly. Any federal party that campaigns to roll these changes back will likely be elected. We’ll see what happens.

Lost...but not leased
Guest
Lost...but not leased

The issue can be traced to the globalists attempt to neuter and dilute the European gene pool which has always been a threat. Throw in the Women’s movement, inflation, abortion etc..”white” children become a costly/inconvenient option.

Once the low birth rate objective has been achieved/programmed into the white psyche…the politicians cry “we need more immigrants!!!” to address the low birth rate. …so Mr. Singh can get citizenship and sponsor 20 family members. and Mr Chang can buy 20 pre sale condos. etc etc. as whitey gets demonized as a racist.

All by design folks…WW1 and WW2( “brother killing brother”) directly contributed to the aformentioned,,what a waste of good genes and look who is filling the void???.

F*cking pathetic

Doomcouver
Guest
Doomcouver

I think it’s more an unintended consequence of the “diversity for the sake of diversity” mindset of the left. What liberals don’t understand is ethnic and cultural diversity doesn’t make your society stronger or weaker necessarily, it just makes it more diverse. In the case of Canada I feel it’s a net negative for the reasons you describe. There’s a crowding out of housing and social services, disenfranchisement of the next generation of Canadians, and racial ghettoization due to lack of integration into the community. It’s going to have to get way worse before we see a populist uprising by Canadians. I feel the credit crash will likely trigger one however. Wealthy minorities are going to have a lot more hate directed at them really soon.

bullwhip29
Guest
bullwhip29

Oak tree with $554K price tag hoisted to top of condo building
http://bc.ctvnews.ca/oak-tree-with-554k-price-tag-hoisted-to-top-of-condo-building-1.3661213

>>> complete and total madness…

Combat roach
Guest
Combat roach

They would be better off if some jumbo-jacuzzi was put up instead or an helio-pad for tenants and their guests.

Strata documents obtained by CTV News in May showed that condo owners had no choice but to replace it, and would be required to pay about $35,000 per unit. The building’s permit when it was initially built was contingent on having a rooftop tree.

Lost...but not leased
Guest
Lost...but not leased

What a bunch of crap….

What happens if they didn’t replace the tree…Gregor and Vision going to put a vertical bike land up the outside ?

Doomcouver
Guest
Doomcouver

Only if the bike lane stops at Gregor’s front door. A millionaire mayor has to get to work somehow…

Dude Chilling
Guest
Dude Chilling

“required to pay about $35,000 per unit.” Yikes.

Doomcouver
Guest
Doomcouver

This is a good example of why buying a condo/strata is an especially poor investment. You’re at the mercy of special assessments and ever-rising strata fees. You’d be better off taking your money and burning it. It would certainly save a lot of time…

Bag it and tag it
Member
Bag it and tag it

OK the tree died because nobody watered it during the 2015 drought. Also, it’s stated that this tree is part of the penthouse, so why is the strata paying for it and not the penthouse owner?? Probably the PH owner that didn’t bother to water it also.

bullwhip29
Guest
bullwhip29

B.C. Greens introduce bill to ban shark fin trade
http://vancouverisland.ctvnews.ca/b-c-greens-introduce-bill-to-ban-shark-fin-trade-1.3660979

>>> nail in coffin for the greeNDP

Lost...but not leased
Guest
Lost...but not leased

Shark fin trade is directly related to unaffordable real estate…..shows the NDP are working on a solution..trust them.

Doomcouver
Guest
Doomcouver

Because the people that sell shark fins have bought up all the houses I guess? Shark fins must be selling for like $5 million each or something right?

bullwhip29
Guest
bullwhip29

BuildDirect files for creditor protection days after CEO resigns
https://www.biv.com/article/2017/11/builddirect-files-creditor-protection-days-after-c/

ostritch
Member
ostritch

This makes me so sad. I had a connection to those guys many years ago. It’s impossibly hard to build a business today and survive. You have to be in the top 1% of every skill, nous, and cunning required today.

Christy Clark
Guest

Is the Foreign Buyer’s tax working? Who cares.

My teaser loans have worked! Benchmark condo prices up 24% since I brought those loans in last December.

And I don’t see the NDP dumping them.

specuskeptic
Member

If you spent as much time actually reading, thinking, and then posting under one handle, you might become a productive member of this community, Oracle. Friendly advice.

Oracle
Guest
Oracle

People. Everyone is me. First YVR and. Ow this CC character.

FFS einsteins. Give it a rest.

patriotz
Member
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