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Friday Free-for-all! January 19th 2018

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307 Comments

It’s the end of another week and that means 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:

–Scary low inventory
–Will prices flatline instead of crash?
–Foreign income program rumors
–Market freeze
–40% of BC $200 away from not being able to pay bills
–RE provides 75% of donations to Vision Vancouver
–Rate hikes a big deal?

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

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[…] Bear Vancouverite pointed out this debate on CKNW: […]

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bullwhip29

Still no show for Richmond driver involved in cyclist’s death
http://www.richmond-news.com/news/still-no-show-for-richmond-driver-involved-in-cyclist-s-death-1.23152260

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bullwhip29

Richmond’s Liberal MLAs say it’s time city council take stricter measures on house sizes in the Agricultural Land Reserve
http://www.richmond-news.com/news/liberals-wants-city-to-act-on-farmland-mega-mansions-1.23152280

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Bubble

What happened if 30% Vancouver home owners do not claim their “non-empty home”status.

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Just me

Could this have anything to do with soaring land prices and turning a quick buck on land?

“10 Safeway stores to close in B.C.’s Lower Mainland, union says. Parent company Sobey’s has yet to confirm closures.”

http://www.cbc.ca/news/canada/british-columbia/10-safeway-closures-1.4500761

Building condos for mainland Chinese “investors” is now officially our biggest industry.
We produce nothing, we add no value. We just sell them rights of ownership on real estate and tax-free immigration status.
Some people (mostly developers and real estate marketers, as well as some local homeowners) do get rich in the process. However, the majority of the population loses.

This is Vancouver in 2018. If this is no cause for concern and swift action, I don’t know what is……

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notaname

I think turning a quick buck is part of the issue but another part of the issue may be that the hollowing out of the neighbourhoods (empty homes) in areas such as Vancouver means that the consumer base is no longer there to support the multiple competing grocery businesses. Another example of this is the shutting of 8 Chevron stations in Vancouver in the last 2 years. It was a money grab, sure, but there are not line-ups at the remaining stations today meaning that the population is being well served by the reduced number of businesses (and by extension that the 8 prior stations were surplus to needs). Both these things, high prices and empty homes, tie into housing speculation.

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yvr2zrh

We are currently projecting to decrease inventory – January closing v. December closing. This has almost never happened. Without exception, inventory tends to increase around 10% in January. Continuing with my previous comment – this must be the initial impacts of the new rules – people who want to move up don’t list and so there are no listings. But – then there are also no buyers either (or at least few transactions).

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Just me

Interesting times. Let us all cross fingers do not step in to bail out homeowners (yet again). If yvr2zrh conjecture is correct, the first to seek an early exit would be the “investors” whose carrying costs are too high, followed by those who have to liquidate based on life events. It may take some time to test the hypothesis, but I guess we should be able to draw some early conclusions already in late March. Of course, much depends on the China wildcard: there is talk they might reopen the capital flows’ tap because of the sudden appreciation of the Yuan vs the USD. The dead market at the top is mostly due to the drying up of Chinese investors. However, if money flows from China do not resume in the next few months we might be witnessing an adjustment,… Read more »

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best place on earth

Bail? Everyone stands still, and you talked about bailing. Why do you always have this fear that sky is falling? This is the prime listing time for Spring sales, and the inventory number is hardly gained any traction. People with brains do not have to wait until March to make conclusion.

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oncebittwiceshy

You are probably dead on, yvr2zrh. The move up buyers are the poor smucks that paid too much for a condo and now realize that they can’t do anything.

Even if their condo went from $400,000 to $800,000 they still wouldn’t be able to pass the stress test for the next step up. B.C.’s largest Credit Union, Coast Capital Savings is going Federal and will therefore be subject to OSFI rules and FICOM has sent out a warning to all Credit Unions regarding the quality of mortgages that could be coming their way. It sounds like the walls are closing in quickly.

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Oracle

You guys are too funny. As if the average homeowner knows about B20. Lol

The market is going to be on a tear this spring after the NDP budget in a few weeks. Prices will go up 20% sub $1 million.

Watch and see.

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southseacompany

“Davos 2018: The big worry under the mounds of snow”, BBC

http://www.bbc.com/news/business-42785954

“Central banks around the world are starting to withdraw some of the monetary stimulus that has been pumped into the global economy since the 2008 crash.”

“The great expansionary experiment – priced in the hundreds of billions of pounds and never tried before – is coming to an end.”

“It is the first time since that initial, joined up, response by central banks to the credit crunch that such a monetary synchronisation has become evident.”

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kabloona

Funny comment from Weaver regarding the booze raids……

🙂

http://www.timescolonist.com/news/local/seizing-of-whisky-from-bars-sparks-call-for-easing-of-liquor-rules-1.23151861

“In the wake of “Prohibition-style” raids on four B.C. bars last week, people in the hospitality industry are pushing the province to modernize B.C.’s liquor laws and allow restaurants to buy booze from private liquor stores…..
….On Monday, B.C. Green Party Leader Andrew Weaver weighed in, saying on Twitter: “It’s absolutely outrageous that the B.C. Govt take no steps when there is clear evidence for questionable activity in our real estate sector yet they throw the book at a few folk sampling fine single malts. Someone needs to give their head a shake.”

😀

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bullwhip29

YVR accelerates expansion on soaring passenger count that hit 24.1 million in 2017
http://vancouversun.com/news/local-news/embargoed-yvr-accelerates-expansion-on-soaring-passenger-count-that-hit-24-1-million-in-2017

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Doomcouver

When are they going to build the pneumatic tube that shoots dirty money from YVR directly into River Rock casino for laundering?

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bullwhip29

one can only dream…
http://www.vancouversun.com/China+planning+high+speed+rail+line+Canada/9868927/story.html

first things first, however…
bullet train up/down west coast and bridge/tunnel to vanc island funded largely by opaque PBC cash or another one of its state owned subsidiaries

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southseacompany

“Interest rate hikes create FOMO factor, boosting condo sales”, Vancouver Courier

http://www.vancourier.com/real-estate/interest-rate-hikes-create-fomo-factor-boosting-condo-sales-1.23151473

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Yikes

“Those buyers are more likely to be entry-level, and they are already in hock up to their eyebrows. They are the ones who are packing record-high debt and would already have problems qualifying for mortgages.”

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Doomcouver

Condo buyers are going to bear the brunt of the housing crash. There’s no floor on how worthless condos can become in a debt implosion. Sadly, locals are even more moronic than foreign investors in their buying habits.

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YVR

Here is the NDP solution to housing. Give developers financing at a discount. They are passing the saving on to buyers. LOL

B.C. Housing will provide low-interest financing for Chard Development’s Vivid at the Yates condos in exchange for the sale of below-market priced condos to buyers with incomes under $150,000 who agree to live in the units for two years.

http://www.cbc.ca/news/canada/british-columbia/victoria-condos-discount-owner-occupied-bc-housing-1.4364433

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YVR

Good thing all the corruption is out of BC politics. Right in Horgan’s riding.

B.C. Housing is a Crown corporation which develops, manages and administers subsidized housing across the province, with the stated objective of supporting those in greatest need of affordable housing. The developer’s partnership with B.C. Housing means the Crown corp will provide 100 per cent of construction financing for the building at a lower interest rate than what’s commercially available.

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history

Good post. I’ve got decent construction experience and this is the kind of housing I’m into building.

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patriotz

“Right in Horgan’s riding”. Horgan represents Langford where he lives, not a Victoria city riding. This from the guy who’s always accusing the NDP of lying.

“Chard Development began working with BC Housing a year ago under the former BC Liberal government”, i.e. in 2016. Don’t know when the signoff happened. 2017 article:

http://www.westerninvestor.com/news/british-columbia/discounted-victoria-condos-come-with-a-catch-1.23056061

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Dave

Good thing we are subsidizing people with incomes of $150,000. WTF??? I thought the NDP were the party of the people.

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Doomcouver

They are. Party of the RICH people. I’m personally ready to write the NDP off completely depending on what the next budget looks like. They talked a good talk before the election but very little in the form of action so far. The Green vote is seeming more and more sensical unfortunately… the best of 3 evils perhaps…

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Bag it and tag it

Much less than $150K and they wouldn’t qualify for a mortgage…and besides, they’ve got containers for those below that….

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Best place on meth

Turd has arrived in Davos, stylish man-bag in hand.

He’s there to convince the world’s power brokers to empower women, who are currently powerless and still cooking all of our meals for us.

No word what’s in the bag but Vegas odds have pink pu$$y hats in the lead at 3:2 odds.

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YVR

18 months ago you were fawning over the guy? What happened. You don’t like his new sock colour?

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Best place on meth

Liar

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history

Jan 23 to 26.. ok business first, pleasure and blackmail pictures later…

Will there be an orgy at the Full Moon eclipse January 31? If so, is he assigned to the Androgynous room?

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Best place on meth

Speculators targeting Richmond farmland threaten local food supply

https://thinkpol.ca/2018/01/22/speculators-targeting-richmond-farmland-threaten-local-food-supply/

Speculative development is raising Richmond’s farmland prices and slowing down local food production says a grassroot organization fighting against this issue.

Laura Gillanders, a Richmond resident and coordinator of FarmWatch, an organization that is focused on preserving Richmond’s farmland and curbing speculative development, said that one by one farmland is being converted into mega mansions. The most recent example is a four-acre blueberry farm on Number 7 road that was purchased last year for $2 million dollars and is now being listed for $7.7 million dollars. To date, the property has been relisted four times and received a permit to build a mansion.

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Laibach

Shocking video shows moment a huge swarm of locusts attacks farms and devastates crops in Russia as officials declare a state of emergency.

http://www.dailymail.co.uk/news/article-3616707/Shocking-video-shows-moment-huge-swarm-locusts-attacks-farms-devastates-crops-Russia-officials-declare-state-emergency.html

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Yikes

“Local officials say it’s the worst locust swarm the area has seen in 30 years. ”

just like in Vancouver.

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YVR

March 28, 2017: NDP would expand B.C.’s foreign buyer tax

If you think the BC Liberals got tough on foreign buyers last year, get ready for an even rougher ride for foreign nationals buying B.C. homes if the BC NDP wins the May 9 provincial election.

https://www.biv.com/article/2017/3/ndp-would-expand-bcs-foreign-buyer-tax/

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YVR

9 months later:

“Premier John Horgan likes to remind people about his Irish roots, something he did again this week when asked if B.C. will ban foreign real-estate purchases.”

“I’m a child of an immigrant — I don’t think that’s the way we should proceed,” Horgan said. “British Columbia is the gateway to Canada, and I don’t believe we should be curbing people from coming here.”

http://theprovince.com/news/bc-politics/mike-smyth-horgan-flunks-foreign-real-estate-file

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YVR

Better lean Mandarin Meth:

B.C.’s premier is heading to China…John Horgan says the trip is aimed at expanding the province’s economic ties

http://www.cbc.ca/news/canada/british-columbia/premier-john-horgan-heads-to-asia-on-trade-mission-1.4478137

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Best place on meth

Is he going there to sell real estate like Kristy Kunt did?

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YVR

He is going there to bend over and take what ever they will give him.

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history

Unlikely. Money for punting RE is cool, locust labourers isnt. Horgans star people and Xi starhans can go over the finer details, but it’s written in the heavens… and that Fast Ferry comet has focused its Eye on us, so no screw ups … Have money in the bank to live here please.. thats what Horgans gonna tell Wong and Chow.

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history

Horgan most likely got briefed by the star scribes, who told him it’s generally cool to allow financial tourism and financial immigration, and not cool to allow labour immigration. Some of that cross border movement is best understood by studying the Trump fence.

The stress or back test occurs this year. Can these speculators fund their life here? If not, they are breaking the deal.

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YVR

9 months later:

“As part of … British Columbians are proud to welcome thousands of newcomers each year who help strengthen our province.” – Carol James

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Bubble

Can this owner get his million dollar tax-free gain?

6088 Newton Wynd, Vancouver, BC, V6T 1H9
Listed
2017-01-10 : $12,500,000
2017-02-21 : $11,500,000
2017-03-22 : $10,800,000
Sold on11-Apr-2017 $9,000,000
Listed
2017-06-27 : $9,980,000
2018-01-18 : $10,690,000

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kabloona

In case you missed it….

😉

“Finance officials fretted over foreign ownership data as housing heated up, documents show – BNN”

https://www.bnn.ca/finance-officials-fretted-over-foreign-ownership-data-as-housing-heated-up-documents-show-1.973055#_gus&_gucid=&_gup=twitter&_gsc=qJw4NjL

“Senior Finance officials grappling with how to best track foreign activity as the Vancouver housing market kicked into overdrive placed little trust in real estate insiders to tell the true story about foreign buyers, according to documents obtained by BNN.

And that mistrust also tainted the Finance Department’s view of foreign ownership data being collected by the country’s housing agency, Canada Mortgage and Housing Corporation.

The chief concern, outlined in ministerial briefing notes obtained under the Access to Information Act, was the potential reluctance of real estate professionals who did business with foreign buyers to even respond to questions on the issue…”

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Best place on meth

But…..we’re supposed to trust the data as being accurate, say the HAM deniers.

Obviously the reason detached soared 30% in 2015 was because of ultra low interest rates, which had fallen a whopping 0.10% from the year prior.

It had nothing to do with Xinpig’s corruption crackdown.

Nothing at all.

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See Saw

Old News. Really old News. Note the word, “fretted”? Past tense.

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Laibach

All locals, right… as usual douchebag used to say.

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Just me

It is uncanny how the stuff we discuss, and dissect, on this blog gets proven right. Eventually, and often with a long lag, both the public and the press catch up on what is going on. Kudos to those who resiliently defended the truth, while being ridiculed and vilified.

In this case, it took a few years for people to catch on. But I believe most Metro Vancouver residents now fully understand the importance that money from Mainland China plays in our local RE market. And they are now demanding change. Political parties who refuse to stop money flows from China will pay a heavy price in Metro Vancouver.

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Shut It Down Already

You think you’ve been “proven right” and “vilified” because they understood that asking realtors to participate in a survey was a poor means of gathering data? You’re delusional.

Regardless of who is collecting the data, be it StatsCan, CHMC, or the province, the outcomes and conclusions are always consistent with a) each other, and b) corroborating evidence hat clearly shows how indebted Canadians are due to RE purchases they can’t afford. So why do you think this is, genius?

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Yikes

“Senior Finance officials grappling with how to best track foreign activity as the Vancouver housing market kicked into overdrive placed little trust in real estate insiders to tell the true story about foreign buyers”

“little trust…” AKA: LIARS.

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Just me

Why. The race baiter is back. Expect more drama posts, accusing everyone and everything.

Earth is flat after all.

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Shut It Down Already

The flat earther is the one who denies evidence. That’s you. Because your stance is not a rational one, but grounded in prejudice and jealousy.

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kabloona

Yuck!!!!! “Listing price of run-down Trinity Bellwoods house sparks social-media uproar – Globe and Mail” 😀 https://www.theglobeandmail.com/real-estate/toronto/run-down-trinity-bellwoods-houses-listing-price-sparks-social-media-uproar/article37632791/ 😉 “A run-down rowhouse in Trinity Bellwoods has become a minor social media sensation in Toronto, thanks to a list price of almost $750,000 that highlights the city’s sky-high pricing for even the most distressed properties. Originally priced at $679,000, the “builder’s delight” at 15 Rebecca St. (first reported in The Globe and Mail last month) attracted four bids in its offering period, though none of the potential buyers came close to the seller’s target of $900,000. The house has now been re-listed at $749,900, and while it has a few new bids, offers remain open in hopes of fetching a higher price. Selling agent Al Sinclair of Re/Max Hallmark Realty Ltd., has a message for bloggers and media looking to make a… Read more »

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Screwed

Garth covered it already.

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kabloona

Don’t read GT anymore so I missed that…..(heh-heh!)

😉

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Best place on meth

Ooh, you’re missing out.

Today he posted a picture a some old man’s junk on a table.

Actually, that might have been his own.

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See Saw

People can “ask” whatever they like. What they “get” is a different matter.

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paulb

New
263
Price Change
23
Sold
123
TI:7276

Readers, if you ever want info on sales or listing activity in your hood or area of interest shoot me an email. I send many users weekly updates each Fridays to help keep them in the loop. No question to big or small. pboenisch@sothebysrealty.ca http://www.clivestevepaul.com

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Spec

What are the odds on hitting 8K inventory by the end of the month? (Before the hootin and howlin’ starts, I’m fully aware that 8K inventory in January is very much on the lower end of normal…)

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See Saw

Expect a LOT of increased inventories as this bubble finally pops. Just the usual end to any bubble. Big mess ahead for a lot of people. Count on it.

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Best place on meth

I give it a 1% chance of happening.

Net gain of 100+ each day? We’re not there yet.

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history

https://thetyee.ca/News/2018/01/22/Chinese-Firm-Site-C/

Site C doesnt get restarted unless A handoff occurs. AECON is out, and the China CCC Is in. And only recently did Carillion go Insolvent. New Age fascism seems to have taken a 1/4 turn from Europe, supplanted itself right smack gob in NA.

In the old days they built railways to own the right of way land. Development of this land produced our Pump and Dump mindset. It’s shifted to Fixed projects now, and the transport IN of the immigrant rentier classes

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history

https://www.canadianmortgagetrends.com/2018/01/tango-financial-latest-mega-brokerage/

A story on Mortgage Lending Consolidation. I guess Paragon, Compass and Premier is a bit of a mouthful.

CMT: How many mortgage agents did all three have combined in 2017?

JH: “We have a total of 306 agents in the organization.”

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history

306 agents

Factor this to 17 …

Amazing.. JH gonna cut 289 mortgage agents… thats what i would do.

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history

Enjoy your Shutdown day watching a little football? Foles was shining bright.

“Nicholas Edward Foles (born January 20, 1989) is an American football quarterback for the Philadelphia Eagles of the National Football League (NFL).”

Nick Foles is a number 3 personality having a number 5 year, just like me.

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Oracle

This from twitter: NDP providing freee first class airplane tickets to LNG insiders and real estate developers. What a trip!! Wait…let’s bury our heads on the sand and make believe this ain’t happening.

——-

Fazil Mihlar, the ex Fraser Institute head & oil shill whom Christy made deputy minister for climate (!), has not only not been removed from that DM post by Horgan, he is now accompanying @jjhorgan on his ill-fated #LNG trip to China. NDP, what are you doing? #bcpoli #SiteC

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history

LNG is sounding like the latest mega project for immigration scheme.

Malaysia appears to be the first chess move. Were they the Thesis customer, the Asia everyone can live with?

China now becomes the Anti-Thesis customer.

Towards the end India and Pakistan become the Outcome, the true intention of the project, which isnt really about Exporting LNG but bringing in 10 million fresh fascist meat for the Welfare landlord grinder machine

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southseacompany

“Central banks are complicit in the ‘greed is good’ culture. It’s time to put the many before the few”, South China Morning Post

http://www.scmp.com/business/article/2129934/central-banks-are-complicit-greed-good-culture-its-time-put-many-few

“The rich and privileged have been the biggest beneficiaries of zero interest rates and cheap money since 2008. It is time for a radical change”

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history

It’s true, they raided the commonwealth, packaged into bonds, paid off the snivellers and fascists.. The rest of us get parking spots down by the river.

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southseacompany

“Rate-hike cycle already the most severe in two decades”. Mortgage Broker News.ca

https://www.mortgagebrokernews.ca/news/ratehike-cycle-already-the-most-severe-in-two-decades-236549.aspx

“The unprecedented rise in consumer debt means the Bank of Canada’s rate-hiking cycle is already the most severe in 20 years and further increases will have far graver consequences than conventional analysis shows, Macquarie Capital Markets Canada Ltd. said.”

“Assuming just one further rate rise, the impact would be 65% to 80% as severe as the 1987 to 1990 cycle, according to Macquarie, which took into account 5-year bond yields, household debt, and home buying. Canada’s housing market slumped in the early 1990s after that rate-hike cycle and a recession.”

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Doomcouver

Perhaps 2018 will finally be the year we start to see the Canadian over-indebtedness show up in the default rates. Up until now debt loads have been massive, and defaults low thanks to continuously rising home equity, a healthy jobs market in the housing sector, and a never-ending stream of foreign capital into our country. Between the new OSFI rules and the BoC raising rates regularly however, it’s becoming a much more toxic environment for borrowers now.

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history

Over indebtness shows up in Insolvency stats, which are high, and have exploded in Alberta since the Oil Peak.

But i havent heard much from the news media about Insolvency. Probably because its like talking about suicide. Or more like Walking Dead.

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history

Proof by Contradiction

https://taskandpurpose.com/the-spartans-were-morons/

We know they werent morons because Lycurgus made money big, heavy, and awkward to transact. Just like housing today. But Hedge Fund has picked up on this. They are mobilizing new methods to value homes, drive by assesssment, employing India

https://www.wsj.com/articles/whats-a-house-worth-wall-street-turns-to-drive-by-appraisals-1516536001

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Oracle

Just me
I think BPOM is correct. Long-term the NDP benefits from PR. Big time. The BC Libs would be the sore losers of such a system.
Long overdue.

—-
Are you guys that out to lunch?? The NDP won’t benefit from PR! They’re opportunist who wait and when a chance presents itself, they lie to get power.

PR means they can never wield power. They will do everything in their power to make it fail. They on a lottery mission to Asia right now. Imagine the $$$ flowing into overseas accounts if LNG deals are done.

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Oracle

Just like Trudeau did a 180 on it. Wait and see, only 9-11 more months.

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Dave

I think PR will hurt the NDP the most because it’s going to fracture and essentially neuter their party. The strength of the NDP has always been their grassroots local organizations. They were able to find a way to take diverse interests and put them under a single big tent. That’s going to evaporate under PR as single issue activists in their grass roots eventually go their own way. The Liberals will be hurt as well, but less so. Your typical centre to centre right voter just wants a good economy and a well run government. It’s much easier to keep that group unified. Further, the lack of stability in these PR governments and control by minority interests will just drive more people into their camp, but not enough to get outright majorities. Despite that, the NDP seem hell bent… Read more »

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patriotz

“I think PR will hurt the NDP the most because it’s going to fracture and essentially neuter their party. ”

I don’t think so. The NDP has been unusually cohesive compared to the other parties. Defeat after defeat they stayed together – compare to the Socreds who never recovered from a single defeat. Really the only split for the NDP has been the departure of the hard core environmentalists for the Green Party. Members of the NDP today may have diverse interests but there’s no inherent conflict between them – which is what produces splits. They know they will will more seats together than separately even with PR.

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Dave

The Socreds came back as the BC Liberal Party and ran the table for four elections. The NDP are cohesive in name because they are not just a single Provincial Party. They have a National and multi-Province presence. That keeps the brand together in the bad times. If the NDP were a one-off in BC, they would have been done in 2001. No chance you wouldn’t rebrand at that point if it was otherwise. I think there will be a split between the social activists and labour activists. I think you will see formation of new parties with those belief systems and they will slowly but surely drain support from the NDP. I doubt either will be as large as the Green defection was, but together about the same in number. The Liberals will split into a Conservative wing, which… Read more »

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patriotz

“I think there will be a split between the social activists and labour activists.”

To a large extent they are the same people with the same goals, and they have almost a religious belief in the necessity of working together. I will make an exception for some construction unions, but they have publicly at odds with the NDP for a long time, and they’re not going to bother setting up a new party when they get what they want from the Liberals anyway.

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YVR

Most NDP voters are protest voters. The protest disappears after they NDP come to office. The NDP will be slaughtered the next election. PR or not.

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patriotz

“Most NDP voters are protest voters. The protest disappears after they NDP come to office. ”

In 2 out of 3 times the NDP ran for re-election, it received more votes than in the previous election. The other time of course was 2001.

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Dave

Part of me says I should support PR just for the entertainment and blowback factor. If it comes in, I’m going to support the most extreme party and give them money too. I hate most politicians, even the ones I vote for. So, nothing will be better to me than seeing the Christian Heritage Party (or the left equivalent) controlling the balance of power. That punishes both sides of the political spectrum.

In a lot of ways, it’s the second best thing to the None of the Above Party.

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YVR

I may support PR just to make sure there is zero chance the NDP will ever rule with a majority in the future. If the NDP were not being held back by the Greens we would see very different policy today. The only thing holding back the NDP agenda for massive expansion of government workers, new unionization rules and higher taxes for working people is the Greens. If we ever get anything on housing it will be because of the Greens. NDP are pure evil.

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Best place on meth

“NDP are pure evil”

At least now we no longer have to guess that you’re a hyper-partisan liberal for life.

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YVR

We stopped guessing that you are a hyper-racist a long time ago.

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Best place on meth

That’s funny, because the now deceased AIDS accused you of the same thing.

So you agree with him?

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patriotz

“Both Trump and Carol James commented on new comers or immigrants from shithole countries. One questions why they should be brought in and the other welcomes them by the thousands. ” – YVR

http://vancouvercondo.info/2018/01/no-plan-to-prohibit-foreign-buyers.html#comments

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YVR

“The NDP has been unusually cohesive”

LOL the BC NDP have had 8 different leaders in the last 18 years in the same time frame the BC Liberals have had 2. That is cohesive? The Greens will take over as the new go to left of centre party in BC if PR makes it through.

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patriotz

“That is cohesive?”

Yes it is cohesive. The NDP stuck together notwithstanding defeats and changes of leadership. It took Gordon Campbell 2 elections to unite the right enough to win.

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