Real estate agents are truly the lowest of the low bottom feeders. This is truly revolting behavior. Clearly motivated by greed and nothing else.

From the article” ” The letter it received from TREB states that an Ontario Court of Appeal ruling, which upheld a decision that Beach’s sharing of TREB data a violation of its user agreement, has not been affected by the recent appeal court ruling.

TREB has said it will take its challenge to the Supreme Court of Canada, leaving the status of the current ruling in limbo.”

As for what Horgan would consider a success by the end of 2018?

“To have allowed more people to get into the housing market”

That should help lower prices. LOL.

A couple of snippets from the comments section of the article:

Ted Dantoncal
Hopefully whatever action they take is not only housing for addicts, prostitutes and the homeless. There are a lot of workers that have difficulty affording housing in BC. Starting with them would be as good idea for a change.

Jacques LeGarcon
They need to make some tough decisions and stop avoiding some obvious ones. We have a housing affordability crisis? Then stop selling to mainland Chinese and ban them from buying, let’s be frank, everyone other than the Vancouver Real Estate Board knows the “investments” from mainland China have killed any prospect for housing affordability yet we insist on dancing around the elephant in the room. It’s probably too late already but we can at least stop it at its current level, which is already massively excessive.

the site you quoted is rubbish. just another sourgrape and get add traffic for a living.

Here is the best part:

“Prices in West Vancouver keep falling, and seller will be lucky to even get $2 million in 2018. I expect both the flipper and the eventual buyer to lose a lot of money.”

The insider blamed the real estate industry’s unethical practices for putting many working Canadians into a tough financial situations.

“The sad part for me is ordinary Canadians are falling prey to number manipulation by the industry trying to keep up the perception real estate prices can only go up,” the whistleblower said. “The amount of deception, corruption and outright fraud in the industry is appalling and there is so much secrecy around the process of purchase and sale that the public is kept in the dark on just about every aspect of it.”

Collins and Schomaker are clearly mainlanders, amiright?

the only hobby they have is to hide in mama’s basement.

Yes you certainly are.

Fuck off, race baiter.

O draconian devil!
Oh, lame saint!
13, 3, 2, 21, 1, 1, 8, 5

When the messenger reverses at the right eye, and moves direct at the left
The cryptocode will be revealed

These people are all scum. Enriching themselves at the expense of everyone else. And talk about a conflict of interest; donations to politicians resulting in tax exemptions and zoning changes which are against the wishes of area residents. It’s basically bribery of politicians which makes BC into a banana republic.

Read it all. Disturbing. Disgusting. To be ended as soon as possible.
If there was a startup party focused on housing they would win the Vancouver elections in a heartbeat. Vision is just as bad as the NPA. Developers have veto power on serious reforms.

Of couse this all developer BS. Here is the way things work.

A) value of the final building = B) all costs associated with building + C) land cost

The developers are complaining B is going up. The cost to build the building due to what the CoV wants in order to give the zoning and permit. All the additional CoV demands does is reduce the value of the land because B + C can never be more the A. You notice it is the land owners doing the complaining. The fact the CoV demands more just means those that already own the land will make less money when they build or sell the land.

When I read Frances Bula’s articles I always come away with an uneasy feeling that she is pushing an agenda. Often she sides with developers, mainland China investors and, generally, with the view that the future direction of Vancouver is effectively to become Shangai west.
MS Bula, do you have any disclosures you would like to make?

They have helped. I much prefer vehicle dwelling than fixed mortgage reFinance dwelling, or renting a fixed dwelling. Housing ponsi is a welfare racket anyway.

Re: Seniors

Please clarify the context ….
IMHO..many parties of various logistics and demographics(ie SENIORS) were exposed to consequences previously unforeseen.

ie it may be fair to state majority of “Seniors” were once part of a demographic referred to as Middle Class…had realistic hopes and dreams for a better life for their offspring…….but were ambushed by traitors catering to foreign locusts.

Send them to Stah Lee Pak!! OK!

Thats the response you going get from the majority soon to be demographic. Don’t say you weren’t warned for years and years.

well, i trust the credit union more than the anonymous bloggers or posters. If there is anything, history has proved itself. Years from now, Just Me and BPOM will be still here to whine and swear and …salivate racist comment.

Of course…this has nothing to do with Credit Unions perhaps increasingly being a lender of last resort and many of their mortgages UNinsured….thus one has to pump more optimism into the RE bubble…

Deflation coming, inflation coming. Higher interest rates, and lower interest rates. There will be jobs, and no jobs.
It’ll move so fast you need a strobe light to see it.