Fraser valley boom

You know Vancouver is hot, but did you know that house prove gains in the Fraser valley are outpacing Vancouver? Southseacompany points out this CBC article with the details.

“The Canadian Mortgage and Housing Corporation says demand for less expensive condominiums and apartments in North Delta, Surrey and Langley has inflated prices at a sharper rate than in Vancouver.”

“”Those municipalities have some of the most affordable units in the region, particularly for condos,” he (Eric Bond, a regional analyst with CMHC) said. “For first-time buyers, given the price increases we’ve seen in the rest of the region, often those units are what’s most interesting to them.”

Read the full article here.

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Yummy!
Guest
Yummy!

This bizarre bug dish is a delicacy in China. Diners sink their forks into a plate of live silk moths still squirming in the sauce. The Chinese cuisine dinner combines the insects with cucumbers and a soy-sauce marinade.

https://www.youtube.com/watch?v=Zg4rbYhz_L4

KickThemOut
Member
KickThemOut

******************************************************************************************************* *
Yummy! * * You should be permanently BANNED from this blog you racist mentally defective sc*mbag. * *******************************************************************************************************

Yummy!
Guest
Yummy!
Oracle
Guest
Oracle

As much as I hate it, they have a point where they say why do you eat bacon?

At the end of the day, Japan and soon USA know how to look after their own cultures.

Oracle
Guest
Oracle

Fucking shithead culture. Burning dogs alive. We need to ban this country from the face of he earth if this is rampant across the country. And if people here do this, deport or jail them.

Fucking animals.

KickThemOut
Member
KickThemOut

Paid for by PETA…thank you Pamela Anderson. Fucking sick traitor to Canada.

KickThemOut
Member
KickThemOut

******************************************************************************************************* *
Oracle! * * You should be permanently BANNED from this blog you racist mentally defective sc*mbag. * *******************************************************************************************************

KickThemOut
Member
KickThemOut

******************************************************************************************************* *
Yummy! * * You should be permanently BANNED from this blog you racist mentally defective scumbag. * *******************************************************************************************************

Don\'tBeAJerkOff
Guest
Don\'tBeAJerkOff

******************************************************************************************************* *
KickThemOut! * * You should be permanently BANNED from this blog you spastic dipshit tool * *******************************************************************************************************

Party on
Guest
Party on

Household credit numbers for Canada (to the end of December, 2017) from the Bank of Canada:

https://credit.bankofcanada.ca/householdcredit

Business credit numbers for Canada (to the end of December, 2017) from the Bank of Canada:

https://credit.bankofcanada.ca/businesscredit

Polozischeme
Guest
Polozischeme

As the foreign buyers debate rages on, most Metro Vancouver residents made up their minds long ago.

“Clearly, more needs to be done to improve housing affordability in Metro Vancouver, and ARI data suggests governments have a fair amount of leeway to do so. Three-quarters of British Columbians (74%) wanted government to get more involved in the housing market when ARI last asked, and a plurality of Metro Vancouver residents (43%) were actually rooting for the market to crash. This includes nearly three-quarters of renters, and a significant number of homeowners themselves.”

http://angusreid.org/foreign-buyers-vancouver/

xhistory
Guest
xhistory

The provincial government http://bcpovertyreduction.ca/learn-more/plan-for-bc/

… entourage rolled thru Cowichan Valley tonight. I was asked to attend. Gave a speil on the ideas ive talked about here… Free dinner and $20 for the effort. Majorly was the “Homes are not necessarily fixed houses, they can be vehicles, and preferentially”

Joe Money
Guest
Joe Money

Fraser Valley. Affordable units.

The kid aren’t alright.

Shut It Down Already
Guest
Shut It Down Already

I’m taking a break from the site. My vagina has really been acting up lately. Sorry guys.

Shut It Down Already
Guest
Shut It Down Already

Get fucked, faker.

Lost...but not Leased
Guest
Lost...but not Leased

Can’t tell which is the real SIDA ….?!?

Best place on meth
Member
Best place on meth

What difference does it make?

realist
Member
realist

Of your many objectionable comments, your pretense of being female is new and noteworthy. You make few constructive contributions. You are a distraction on this blog, and your departure from it will be welcomed by many.

Bubble
Guest
Bubble

If you could not sell it, increase the price!

112-5958 Iona Drive, Vancouver
Aug 12, 2017:$1,299,000
Jan 18, 2018: $1,480,000
Change: 181000.00 14%

Sale history
Sale Date
August 24, 2013
Sale Price
$938,000

Sale Date
March 10, 2011
Sale Price
$975,000

Oracle
Guest
Oracle

Fraser Valley boom is a result of people buying 2nd homes thinking that:

1) Trudeau uncontrollable permanent immigration will continue
2) Trudeau uncontrollable 10 yr visa and foreign student will continue
3) BC NDP will allow illegal Chinese foreign money to continue to Flow into buying secondary homes.

Who is buying? Mostly locals. Needs to crash.

ostritch
Member
ostritch

I would agree with this. A certain percentage of speculators are local. Maybe more in the valley than in Van. I don’t know. In Van you have a ton of foreign pre-sale buyers but the Chinese have left the high end SFHs alone for at least 2 years now. A lot of qthe rest are locals buying 2nd and 3rd FOMO condos

Shut It Down Already
Guest
Shut It Down Already

With any luck they’re using HELOCs for downpayments.

bullwhip29
Guest
bullwhip29

certainly NOT “mostly” locals, however, % is higher than in Vanc. – obviously prices are lower, so less well off ppl forced to buy further out. HAM is still participating in a big way since no FBT and lots of large residential, farm, commercial land to do whatever the eff they please

Just me
Guest
Just me

Agree. This is at least in part the byproduct of displacement.

realist
Member
realist

Maybe. But are these speculators correct in their expectations of 1) 2) 3)?

BubbleTea
Guest
BubbleTea

Wealthy ‘ghost immigrants’ using empty homes to claim citizenship: tax expert
Lesperance suggests the solution is for Revenue Canada to start cracking down on these individuals by auditing them – a process that is much easier to do now than it was 20 years ago because of social media and the internet.
“If they do that they will send a shock through this community,” he said. He suggests a wave of audits would force these investors to decide between paying their taxes in Canada or abandoning their pursuit of citizenship altogether.
https://www.ctvnews.ca/canada/wealthy-ghost-immigrants-using-empty-homes-to-claim-citizenship-tax-expert-1.3779906

Just me
Guest
Just me

If the Federal government turns a blind eye to this scams, it will cost it at the next elections. People are demanding change.

Burnabonian
Guest
Burnabonian

No it will not.

Canadians are afraid that asking people not to scam our immigration system might be racist.

True story.

Just me
Guest
Just me

The beauty of the vote is that it is secret.

ostritch
Member
ostritch

So sad. Only because it’s true.

Oracle
Guest
Oracle

Suggestion to people that want housing action:

Now is the time to direct your firm remarks to Carole James. Tell her that you won’t for NDP ever again if major housing action lacking in Budget.

Now or never. Tell others to do same. Spread the word.

And don’t let the local money launderers on this site deter you. Vested interest will be looked at closely by C R A. 😉

Oracle
Guest
Oracle

*Won’t vote for NDP

Whistler or Bust?
Guest
Whistler or Bust?

Like you did dumb ass?

Oracle
Guest
Oracle

Go fuck your mother you asshole.

KickThemOut
Member
KickThemOut

You would know wouldn’t you?!

Lost...but not Leased
Guest
Lost...but not Leased

Is it too late to chime in ???

Ahh #@%$&!!!

Oracle
Guest
Oracle

Stanley Pak!!!! oK!!

Lost...but not Leased
Guest
Lost...but not Leased

Highly doubtful HAM will invest in Fraser Valley…

They will have to run the EI gauntlet from Patullo Bridge all the way through Abbotsford…

Yikes
Guest
Yikes

Federal centre flags signs of cash linked to fentanyl scourge in new alert

http://www.news1130.com/2018/01/31/federal-centre-flags-signs-of-cash-linked-to-fentanyl-scourge-in-new-alert/

“The transfers and money orders are sent by numerous, seemingly unconnected individuals in Canada to the identical recipients in China (especially Wuhan, Zhuhai, Guangzhou, Xianju and Shanghai)”

the chinese are literally killing us.

Just me
Guest
Just me

And the revenue is reinvested into Van real estate.

KickThemOut
Member
KickThemOut

******************************************************************************************************* *
Yikes * * You should be permanently BANNED from this blog you racist mentally defective scumbag. * *******************************************************************************************************

Guest
Guest
Guest

Too many rasist posts… I agree. One upon a time this site was very informative, but looks like now most of the legitimate people don’t like to come here to see all these BS.

Lost...but not Leased
Guest
Lost...but not Leased
Not sure where KTO is coming from..(..maybe bad fentanyl…???).I don’t see where their accusation hold up. Racist tag simply shows low vocabulary and debating skills. This multCULTuralism was a pre-meditated attack on Western Culture by traitors from with…the Trostky school of communist subversion from within aka THE PLAN. These imports have no intention whatsoever to become part of our now dying society…they wish to colonize us..you dumb Leftards/Libtards. Examples ad nauseum of these foreign scum not only breaking laws, rules. etc. .but with arrogance , bravado and contempt. These scum love to hide behind “racism” shield spewed by traitors. They also know that they will succeed via the sheer numbers game….the corruption is so rampant our traitors in Gov’t don’t know here to start to investigate or clamp down….but their classic tactic is to GO AFTER THE VICTIMS…(.IE CRA will… Read more »
bullwhip29
Guest
bullwhip29

After 80 years, the game-makers at Hasbro are releasing the first Monopoly Cheaters Edition, with special cards and game mechanics designed to tease out the dirty, rotten sneak in all of us
https://www.ctvnews.ca/lifestyle/monopoly-cheaters-edition-caters-to-the-worst-in-all-of-us-1.3783369

>>> Vancouver: The game… complete with new game pieces including a Lamborghini, an LV suitcase, casino chips, fake passport, a bulldozer and for some inexplicable reason, a pumkpin

Bag it and tag it
Member
Bag it and tag it

Maybe De Jong should be handing out this game to the Chynese instead..

bullwhip29
Guest
bullwhip29

Kwantlen Polytechnic University has closed applications from all international students enrolled in 2018 due to capacity
http://www.richmond-news.com/news/kpu-closes-applications-from-international-students-1.23156546

“We never had this many applicants from international before…”

>>> let the shadow flipping of acceptance letters and classroom desks begin…

Just me
Guest
Just me

It is the new disguised investor program to BC. And universities are eager to comply. Free money.

xhistory
Guest
xhistory

put aside for a moment that the applicants are International. When College applications rise, it signals we are heading for a recession. Now, go back to the fact it is International Students, and complete the equation.

Laibach
Member
Laibach

It would be good to see some breakdown numbers. Are they really international students or mainly of a locust kind?

Lost...but not Leased
Guest
Lost...but not Leased

International students should be banned…..the general public pays taxes to support the public education system for their citizens….not allow these public institutes to form subsidiaries and recruit foreigners.

Cui Bono???not the public…taxes keep going up….only keeps the staff employed….as well as international students stressing the rental market.

How can we betray our youth who are already screwed via RE…..and their only option is to go to school ( with international students) and leave with massive debt….unsustainable !!!

KickThemOut
Member
KickThemOut

Meanwhile in the biggest and greatest democracy on Earth: 8 months old baby raped!! 8 Fucking Months! What kind of sicko does this? Oh right, the kind BPOM, his disciples, and Oracle wants to import by the boatload into this great country of my forefathers built with blood & sweat.

http://time.com/5124443/india-rape-eight-month-old-baby/

Hyper-mega-Bull
Member
Hyper-mega-Bull

What kind of sicko uses a crime against a child to push their racist agenda?

KickThemOut
Member
KickThemOut

What kind of sicko tries to minimize / dismiss such a sicko culture of child rape to justify their leftist agenda of more open immigrations?! If we don’t stop the likes of Oracle, Abdul, BPOM & his fans, this is coming to Canada. Is this what you want sicko?! So you don’t have to travel to Asia for such sick practices?!

What do you think goes on in those empty out in the nowhere condos in Fraser Valley owned by Oracle’s cousins?! Where do you think all those missing children in Canada ends up?! Why we don’t have such issues before the massive immigration of certain groups by Trudeau that doesn’t even belief women are people?

Name
Guest
Name
******************************************************************************************************* * KickThemOut * * You should be permanently BANNED from this blog you racist mentally defective scumbag. * *******************************************************************************************************
KickThemOut
Member
KickThemOut

You are the one who should be banned if you are supporting child abuse! I don’t know why sicko traitors like you were even allowed into the country in the first place.

And what race are you talking about? I stated simple facts and didn’t talk about race at all. it’s not racism to point out simple facts of absolutely disgusting behavior that you apparently supports so much.

Lost...but not Leased
Guest
Lost...but not Leased

WTF…..someone got their fentanyl shipment …

Don’t know here you are getting the ammo for your accusations.

Hyper-mega-Bull
Member
Hyper-mega-Bull

The only thing you are doing right now is making people of color think twice about sticking up for Chinese people.

The article said that India was outraged over it and the person was arrested so how exactly does their culture support this?

KickThemOut
Member
KickThemOut

Why did it happen in the first place if their culture doesn’t condone it? The only reason it is reported people were outraged by India is so that India doesn’t lose face on the world stage in front of developed nations, and right now US needs India to counterbalance China. Cases like this are dime a dozen happening everyday in every province in India.

btw, people of color is not a race. Why would anyone stick up for Chinese people? Do you see anyone here doing that? There is only Canada we need to stick up for, and traitors like Oracle, Abdul, BPOM are out to ruin Canada.

Hyper-mega-Bull
Member
Hyper-mega-Bull

>Why did it happen in the first place if their culture doesn’t condone it?

Are you really this dumb?

>Why would anyone stick up for Chinese people?

Good question.

ostritch
Member
ostritch

HMB you are the only one who consistently makes sense on this blog.

See Saw
Guest
See Saw

Ah, yes. Hardly “robust” even WITH all that so-called “foreign capital” flowing in…

KickThemOut
Member
KickThemOut

Meanwhile here is what Abdul & his ilks are going to spend the tens of millions $$$ bleeding heart Trudeau gave to them as “compensations” for they suffered in US prison camps after being caught by US armed forces.

ISIS kills 250 kids in dough kneader, burns adults alive!
https://nypost.com/2016/10/26/isis-kills-250-kids-in-dough-kneader-burns-adults-alive/

Remind me again why the hell we are paying Abdul & his buddies tens of millions of $$$ for suffering? They aren’t even real Canadians to begin with, and fought against Canadian soldiers! Probably injured or killed a few too!

KickThemOut
Member
KickThemOut

PETA fake news – it paid & produced all those live animal skinning videos. This is what traitors like Pamela Anderson has done to tarnish animal rights & Canada’s image abroad.

https://www.petakillsanimals.com/fake-news/

btw, do you know that pigs are more intelligent than dogs, and kept as pets around the world?

Nordic countries eat Santa’s helpers – the reindeers!?!

Canada kills seal babies for furs with spike clubs and wiping out entire generations of seals, causing total population collapse. And Canada also slaughter horses for meat exports to Europe, and cartilage for use in Jelly-O! Yes, Jello is made with horse cartilage!?! WTF?

Never mind other disgusting horrific dietary requirements from the so-called religion of peace.

Beef, potatoes, carrots & peas & greens – that’s what real cuisine should be.

Lost...but not Leased
Guest
Lost...but not Leased

Pamela Anderson is a national treasure!!!!….(do you think she’d “do a pig” wearing a Santa Hat ?)

Q: What liquor is used during the seal hunt?
A: Canadian Club !!

Bag it and tag it
Member
Bag it and tag it

and yet none of your examples involve burning the animal alive…
I agree with your general point though, as much as it pains me to say it…there is a lot of hypocrisy involved on this issue.

KickThemOut
Member
KickThemOut

That video was funded and produced by PETA actually. Any competent chef will tell you that mammals that dies an agonizing death will have its muscles tense up, and release additional acid compounds from bloodstream to deal with the pain which ruins the taste & texture of the meat. Doubt Chinese who apparently doesn’t know how to do anything beside eating would not know this.

Diadora
Guest
Diadora

Does Canada really have more in common with China than with the US? Democracy, the NHL and an 8,891km border suggest not
Ambassador John McCallum’s comments raise an important question – has he recently suffered a blow to the head?
http://www.scmp.com/news/world/united-states-canada/article/2131471/does-canada-really-have-more-common-china-us

Just me
Guest
Just me

I think in the case of McCallum there is a mix of old age fixations, family/personal links, economic obsession with trade with China and, quite frankly, paternalism.
He makes no sense whatsoever. And most people disagree with the notion we should align with a foreign dictatorship. There is no sense in which that would give a long-term positive outcome.

KickThemOut
Member
KickThemOut

US is #1 in the world period. The sole superpower with no peers & equals. Canada is a wannabe crybaby who wants to be in the popular kids club but really is just an ugly kid that’s only there to be the butt of jokes, and be personal butlers to the rest of the kids in the club.

Lost...but not Leased
Guest
Lost...but not Leased

Justin Turdeau wants it up la poope shute..mais oui!!!

Lost...but not Leased
Guest
Lost...but not Leased

McCallum personally tests all fentanyl shipments…the guy looks like a mental home escapee….

Laibach
Member
Laibach

And that poor patient is still ambassador? Is the government compassionate or just ignores a big RED elephant in the room? It is definitely challenging to deal with Alzheimer’s – Schizophrenia combo, but the state interests should be above that.

Best place on meth
Member
Best place on meth

McCallum should be strung up.

Lost...but not Leased
Guest
Lost...but not Leased

Check John McCallum on wikipedia

He’s double dipping with his pension from academia and MP…guy has had several jobs/positions/appointments…..sounds like either a loser or syncophant

Wife is” Nancy Lim” bwhahahaah

Drum Rollll…He successfully lobbied commie thug Nelson Mandela as 2nd honorary citizen in Canadian History
BTW we have 6 so far…only one is WHITE.

What a disgrace…….

Best place on meth
Member
Best place on meth

“McCallum was quite vocal in Canada’s debate on same-sex marriage. He told the Edmonton Sun in August 2003, “If people want to do something and it doesn’t hurt other people, doesn’t reduce other people’s rights, we should let them do it. Why not?”[9] He also significantly contributed to the final debate before the vote on same-sex marriage on 21 March 2005[10] saying:

I believe we should always seek to expand the rights of our fellow citizens as long as we do not thereby reduce the rights of others. We should seek to ensure that no group is denied full participation in society.”

This is why the senile hypocrite believes Canada had more in common with china that with the USA?

Hang this traitor.

KickThemOut
Member
KickThemOut

More imported sickos from shitholes & cesspools on Earth – after teenage boys lured over social media

Little wonder why BPOM and his fans are such losers and angry all the time.

http://www.cbc.ca/news/canada/edmonton/grande-prairie-man-34-charged-after-teenage-boys-lured-over-social-media-1.4512298

Best place on meth
Member
Best place on meth

Space, I thought the vermin from your shithole of origin only beat dogs and ate them but holy shit…

https://nextshark.com/chinese-man-gets-beaten-angry-mob-live-streaming-raping-dogs/

Name
Guest
Name

KickThemOut posts racist garbage on Vancouver Craigslist Rants & Raves.
Same posts and writing style as here.
What a sicko.

KickThemOut
Member
KickThemOut

Which race am I racist against?

Why do you support child abuse?

Name
Guest
Name

and you are a troll. you must be so proud of yourself.

Best place on meth
Member
Best place on meth

Space you sick chynaman piece of shit, you are the only one here who SUPPORTS and CONDONES child abuse.

https://www.youtube.com/watch?v=78Gp4R_u30Q

That’s who you’re racist against, asshole.

KickThemOut
Member
KickThemOut

Finally, BPOM states the truth…he supports and condones child abuse….no wonder he’s so fucking angry all the time.

Screwed
Guest
Screwed

Weaver rules!!!

Dave
Member

Weaver loves his 6 houses, that’s for sure.

Lost...but not Leased
Guest
Lost...but not Leased

Any waterfront property?….as .he is a disciple of Global Warming.

Notaname
Guest
Notaname
Yikes
Guest
Yikes

Green Party calls for speculator and flipping taxes on BC homes

https://globalnews.ca/news/3998127/green-party-calls-speculator-flipping-taxes-bc-homes/

Here’s hoping the NDP get the message on this …

Just me
Guest
Just me

If the NDP fails to deliver, they will lose massive amounts of voters to the Green party in Metro Van. I think they realize that.
At the same time, no BC Libs voters will vote for the NDP if they want high home prices: they already have their own party that makes sure of that.
In summary: the NDP would be suicidal not to deliver serious legislation curbing foreign demand in the next budget.

Bestplaceonearth
Guest
Bestplaceonearth

If you think the NDP will deliver affordable housing plan, you are dreaming in technique color. When are you gonna grow up, and rely on your self, not others?

Lost...but not Leased
Guest
Lost...but not Leased

NDP……20 days till Feb. 20 budget…
……invest in unicorns, rainbows and _______ WTF?

ohhh…Chinese New Year starts Feb.16 and runs for 2 weeks
Year of the DOG….

Watch Whoregan eat live dog/dead cat (or vice versa)as a sacrifice to preserve peoples equity..maybe join Justin Turdeau and McCallum in the olde “Bend Over/pants” down as sign of physical surrender and capitulation to foreign locusts.

Pretty soon Turdeau will run out of apologies to give…may have to make them up…..or???

Best place on meth
Member
Best place on meth

To me, every chinese new year is the year of the locust.

KickThemOut
Member
KickThemOut

You should know since you are one.

Specuskeptic
Member

“You should know since you are one.” Are you a child?
In other news, Bull desperation seems to be ramping up in intensity these past weeks. Y’all come to your own conclusions.

KickThemOut
Member
KickThemOut

So how many dogs are you going to club & kill this year in celebration? You sick fuck-up?

paulb
Member

New
187
Price Change
26
Sold
85
TI:7475

http://www.clivestevepaul.com

Lost...but not Leased
Guest
Lost...but not Leased

Fraser Valley Boom??

When Hong Kong HAM ruled the Metro Vancouver market…the market made some crazy moves . Coquitlam prices began to overshoot Richmond’s…based on the idea that Richmond was “too expensive”. This implies that patient buyers could perhaps look at Richmond and avoid the herd mentality elsewhere..

The same warning bells are flashing again…best to stay on the sidelines and wait it out.
Metro Vancouver will have its day of reckoning…deals will present themselves…but avoid FV mania or you may take a bigger hit.

Bestplaceonearth
Guest
Bestplaceonearth

Yep, sit on the side line and wait it out. I heard it too since 2004. You bears can sit out and wait, cuz the market has left without you long ago. You can’t even chase the market with tail between your legs.

Laibach
Member
Laibach

Is that logical thinking that they teach you on Confucius Institute or you came up with wisdom shit?

Bestplaceonearth
Guest
Bestplaceonearth

You can learn lot of wisdom from Confucius institute. You can learn self reliance too instead of being free loaders.

Laibach
Member
Laibach

Excellent! Whenever one might think you reached the ceiling you outdo yourself all over again. Canada really needs more smart Chinese like you to carry overall progress.

See Saw
Guest
See Saw

You’re an idiot. It’s now in full crash mode.

Bestplaceonearth
Guest
Bestplaceonearth

You are so smart, why are you still landless?

See Saw
Guest
See Saw

Well! I think this is probably the sanest thing I’ve ever read by you on this site. Those anti-psychotic meds must be kicking in!

KickThemOut
Member
KickThemOut

HK are the model citizens of Asia who worked hard, saved up money, and then betrayed by their British masters, who cast them away as useless rags. Canada took them in and they are the reason for the economic growth in the 90s in BC and Ontario, not to mention the explosion of culinary scene in Canada. Canada would suck so bad if it were not for the HK and Taiwan migration in the 90s. Even today HK are contributing to Canadian society by being the largest diaspora of Canadians outside of Canada, promoting Canadian values & cultures abroad. The children that came in the 90s are now sending their children to Canada for education, further contributing to our society and enriching our culture. They are not HAM.

Lost...but not Leased
Guest
Lost...but not Leased
Agree with some of your points… Hong Kong was a creature of the Opium Wars…..and it was granted powers by Brits and China literally unheard of that created a global economic powerhouse….yes they work hard, but had a massive advantage from get go till 1997. IMHO what we see today was a master plan hatched looonngg ago. However, Canada was stuck with Communist Pierre Trudeau…who literally gutted the country with his policies and set us up to FAIL. QUESTION: What if Hong Kong never existed..how then would we have resolved our “economic problems”.?…..you try other policies, not the fire sale of sovereignty…any idiot can do that. Trudeau piled on massive debt as he concurrently opened the floodgates to immigration and multiculturalism, increasingly making us weak and vulnerable and primed for what we see today. Duly note many COMMONWEALTH countries(Australia, New… Read more »
AtomicFrog
Guest
AtomicFrog

You are crazy! 99% of the HK ppl comes here in the 90’s with a satellite family, after their kids went to UBC and get the degree, they all went back to HK. They never come back to Canada again. Please do not spread false rumor, what you said is 100% wrong.

After 1997 when China took over HK, most of the HK immigrant in Vancouver left town and went back to HK. Many of them NEVER come back to Vancouver after abusing and taking advantage of the cheap education/health system here. Please get your fact right before posting

Insiderman
Guest
Insiderman

When the Fraser valley sees biggest gains move then Vancouver, you know the hammer is about to drop. The top is in the interest rate rises will seal the deal

Best place on meth
Member
Best place on meth

Credit unions may be about to face tighter mortgage rules in Quebec, while other provinces split
Tougher new rules on mortgages imposed on banks have not been imposed on credit unions, which have now become the go-to source for some brokers

http://business.financialpost.com/real-estate/mortgages/update-1-quebec-seen-tightening-mortgage-lending-other-provinces-split

Credit unions are already raising their rates amid the increased demand, boosting profit and reducing risk.

“The next month to three months is quite a good opportunity to for credit unions to pick up a bit of market share,” said Taylor.

Still, capacity at the credit unions and financial cooperatives is limited, he said, with the biggest players — such as Meridian in Ontario and Vancity in British Columbia — at an advantage because they have more deposits to help finance mortgage lending.

Lost...but not Leased
Guest
Lost...but not Leased

Re : Credit Unions
My understanding is they are not insured by CMHC ( though apparently Coast Capital is apparently applying for this)

QUESTION: If the big 6 banks are effectively making mortgage lending more difficult, why are the Credit Unions trying to pick up the slack…..isn’t this a message the market is risky..so why enter it?

YVR
Guest
YVR

“QUESTION: If the big 6 banks are effectively making mortgage lending more difficult, why are the Credit Unions trying to pick up the slack”

First off the it was the bank regulator OFSI who made lending more difficult because they know there is a risk of massive defaults and instability in the banking system. The credit unions in BC are regulated by the provincial government. The question is why would the BC NDP not implement the exact same changes for BC credit unions? Looks like they want the bubble to keep going to me. There is no other explanation.

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Lost,... but not leased

Thanks…YVR

I see more and more Multi family construction sites with SIGNS stating” PROJECT FINANCED BY________,” which is often a lower tier bank or credit union.

Your point is well taken…the Province won’t upset the apple cart..but the credit unions may feel they can’t avoid an opportunity to pick up the slack created by BIG 6 and OSFI.

Unfortunately…this simply adds more to the bubble.