How do you talk about foreign buyers without being racist?

A growing issue in Vancouver real estate is that of foreign buyers. Statistics Canada claims that non-resident foreigners own 7.6% of the value of homes within the city of Vancouver.

Now clearly it is possible to talk about this issue without devolving into racist generalizations and hate, but some commenters on this site have a very difficult time doing so.

There are a number of parties that have no interest in changes to the current market and these parties are served best by angry racist rantings.  What better way to distract from the issue at hand and paint any discussion of foreign buyers as racist?

So good job you knuckle-heads, those that profit in a run-away housing bubble thank you!

 

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MarKoz
Member

Thanks for posting this Admin. I have been coming to this blog for many years and noted a real decline in the quality of the discourse over time. I still come here, but zip past all the comments looking for people who have posted links.

Burnabonian
Member
Burnabonian

https://news.slashdot.org/story/18/01/15/1849212/researchers-find-that-one-person-likely-drove-bitcoin-from-150-to-1000?utm_source=rss1.0moreanon&utm_medium=feed

PRICES SET AT THE MARGIN

PRICES SET AT THE MARGIN

Just because someone paid that much once, it doesn’t mean it’s actually worth that much!

You think that’s air you’re breathing now?

Abdul Lahazi
Guest
Abdul Lahazi

It’s the same thing with a stock. If one person buys a few hundred equity shares of some company, then ALL the other shares are suddenly valued at that price and the company is now valued by the stock market at that new price. So one buyer will revalue the entire company.

Burnabonian
Member
Burnabonian

Nope, not at all. Not even a little bit. Because on the stock market you can see volumes.

Also, the stock market is a bid/ask arrangement that is autonegotiated in fractions of a penny.

I couldn’t pay $1000 a share for AAPL if I wanted to.

Abdul Lahazi
Guest
Abdul Lahazi

“I couldn’t pay $1000 a share for AAPL if I wanted to.”

Yes you could. set up a buy for $1000 a share and see what happens ….

YVR
Guest
YVR

You would get the stock at the current market ask price. You have no idea what you are talking about. It is not possible to pay more.

Abdul Lahazi
Guest
Abdul Lahazi

Ok smarty pants then try it and see what happens and get back to me…

Burnabonian
Member
Burnabonian

If I post a screenshot of bidding $1000 for one share of AAPL, and the price my order actually gets filled at, what do I win?

I will place the order now and we will have our answer tomorrow. (The markets are closed FYI.)

Abdul Lahazi
Guest
Abdul Lahazi

you win nothing because you won’t do it.

Whistler or bust?
Guest
Whistler or bust?

Idiot

Abdul Lahazi
Guest
Abdul Lahazi

Hello sunshine …

Shut It Down Already
Guest
Shut It Down Already

You don’t know when to stop do you? You’ve clearly never bought or sold stock in your life. You also don’t know how a pump or dump works. In fact, what you don’t know could fill a warehouse. But we don’t exactly expect liars who post links to neo-Nazi websites to be smart, do we?

Burnabonian
Member
Burnabonian

Ok. It closed at $176.19. I will bid $10k and see what happens.

Oh, right, I will pay somewhere around a hundred and seventy six bucks.

I cannot reprice a stock that way.

If that was possible they would have to close the stock markets tomorrow because every stock would be gamed exactly the same way that BTC gets gamed. And housing.

This does happen with OTC / pink sheets but the SEC hunts people doing it. And their algorithms know a thing or two.

Wait what grade are you in son?

Abdul Lahazi
Guest
Abdul Lahazi

“Son” LOL are you taking lessons from Oracle, or are you Oracle?
“I cannot reprice a stock that way. ” Who do you think “reprices” shares? The buyer that’s who. Listen dummy, how do you think stocks can be manipulated? By placing overpriced buys that’s how. You ever heard of pump and dump? I know of a broker who was canned and fined by IIROC for doing just this thing. Your ignorance is astounding. End of discussion.
PS: The SEC in the US not Canada.

Whistler or bust?
Guest
Whistler or bust?

You really are stupid. You might be able to screw with pink sheets or illiquid penny stocks but this cannot be done on major exchanges. Give up. You have been exposed as a no nothing anti-capitalist!

Abdul Lahazi
Guest
Abdul Lahazi

You should stick to something you understand like Whistler Real estate speculation.

Abdul Lahazi
Guest
Abdul Lahazi

PS: Fuck off. No one asked you to chime in.

Ulsterman
Member
Abdul, as far as i know market makers (people or algos) provide liquidity and provide a bid/ask. If demand is high the ask keeps getting taken up and buyers keep increasing their bids levels. So yes, buyers do drive prices higher but at the margin and incrementally. If it was an open cry market and you yelled out that you’d pay $10k for one share of AAPL I’m sure someone would oblige and happily sell you that share. But in electronic trading i don’t see how one outlier bid would move the market. Other market makers would not follow suit. You can make a limit bid of $10k but would it not just get filled at the incremental ask? Now if thousands of people suddenly wanted AAPL so badly that they were prepared to big up to $10k i’m sure… Read more »
YVR
Guest
YVR

“But in electronic trading i don’t see how one outlier bid would move the market. Other market makers would not follow suit. You can make a limit bid of $10k but would it not just get filled at the incremental ask? ”

When you “bid” that is the highest price you can pay. NOT the price you will pay. To pay your bid price that would have to be the exact amount as the lowest ask price. You CANNOT chose the actual price. If your bid is higher than the ask price there is a sale at the ask price NOT the bid price no matter how much higher you bid over the ask. Anyone who is trying to debate this has no clue on how stock markets work. The stock markets are not run by realtors.

Whistler or bust?
Guest
Whistler or bust?

Stick to socialism. You suck at investing.

bullwhip29
Guest
bullwhip29
history
Guest
history

Arjun Singh, a City of Kamloops councillor who owns rental properties in the city, said his suites have been consistently full for the last few years.

Abdul Lahazi
Guest
Abdul Lahazi

I have signed that petition.

Screwed
Guest
Screwed

Saw your name there

bullwhip29
Guest
bullwhip29

Apartment landlords in B.C. lobby to nip pot in the bud
https://www.biv.com/article/2018/1/apartment-landlords-bc-lobby-nip-pot-bud/

Patiently Waiting
Member
Patiently Waiting

It’s very easy to smoke marijuana without anyone knowing.

Vistro
Guest
Vistro

Anyone who says housing is unaffordable in Vancouver is lying. You can own multiple multimillion dollar properties in the Westside with an annual income of $97.11
http://vancouversun.com/opinion/columnists/douglas-todd-explosive-b-c-court-case-details-seven-migration-scams

Doomcouver
Member
Doomcouver

You’re forgetting you also need to be a CCP official as well as accept enough bribes or defraud enough Chinese banks to buy said multimillion dollar properties.

kabloona
Member
kabloona
Hey, admin…why is my previous comment still in moderation? “Staggering share of Canadians fear bankruptcy if interest rates rise much more” (link at Global News) “Over 30 per cent of Canadians say they’re concerned that rising interest rates could push them close to bankruptcy, according to a nationwide survey conducted by Ipsos on behalf of MNP, one of the largest personal insolvency practices in the country. The result is just one of a number of findings signalling that household budgets have become significantly tighter since the Bank of Canada (BoC) started raising interest rates in July. Even though rates have risen by only half a percentage point since the summer, several measures of financial distress in MNP’s Consumer Debt Index went up considerably in the last three months of 2017, compared to the June-to-September period…… “We have a whole generation… Read more »
DaMann
Member
DaMann

I wouldn’t shed a single tear for all those morons.

squeak
Member
squeak

Since when did we start free lunches? Never ever received a free lunch myself, and have lived accordingly. How complicated is it to figure out that sometimes it will rain? Have an umbrella, eh?

If I recall right, I never heard a squeak when rates were artificially low and RE rising to the moon forever, and now…oh my. Tantrum de luxe.

KickThemOut
Member
KickThemOut

Because your comment suck?

kabloona
Member
kabloona

You must be the expert…..

😀

kabloona
Member
kabloona

Oh, cry me a river…

😉

” BIV – Canada’s mortgage changes could hurt overall economy
‘Stress test’ will drive borrowers into more expensive financing options, brokers warn”

https://www.biv.com/article/2018/1/canadas-mortgage-changes-could-hurt-overall-econom/

“…..Vancouver-area mortgage broker Dustan Woodhouse fears that the federal government is moving too fast with lending restrictions and that it could threaten the national economy.

“I believe they’re trying to fix a problem that doesn’t exist,” said Woodhouse, a senior broker with Dominion Lending Centres, adding that homebuyers taking on larger mortgage payments will have an impact on the overall economy.

“If the economy contracts just a little bit, Canadians who have big mortgage payments will continue making them and won’t spend money elsewhere in the economy,” Woodhouse told the Mortgage Broker News. “

Abdul Lahazi
Guest
Abdul Lahazi

A mortgage broker is now an economic expert? LOL.

Shut It Down Already
Guest
Shut It Down Already

Compared to you, yes.

Bag it and tag it
Member
Bag it and tag it

“If the economy contracts just a little bit, Canadians who have big mortgage payments will continue making them and won’t spend money elsewhere in the economy”
Yes but those taking out new mortgages won’t be allowed to borrow to the point where they will have no money leftover after paying their bills for the month, and therefore will have money leftover to spend elsewhere in the economy…

Funny how
Guest
Funny how

Mortgage brokers and realtors will soon be spending what little income they bring in on depends as sales and incomes fall sharply.
UGLY is coming

Hyper-mega-Bull
Member
Hyper-mega-Bull

Taiwanese waitress fired from Australian eatery for saying Taiwan is ‘definitely not’ part of China

Tensions boiled over when Taiwanese waitress at Australian hot pot spot told her boss Taiwan is ‘definitely not’ part of China

https://www.taiwannews.com.tw/en/news/3341570

KickThemOut
Member
KickThemOut

She should sue her boss for that. Everyone can read up Madame President Tsai’s manifesto that clearly states that Taiwan is and always should be a colony of Japan – the rightful owner & protector of all East Asia.

Best place on meth
Member
Best place on meth

Why was she working for vermin in the first place?

I hope she said “go fuck yourselves, locusts” on her way out.

Whistler or Bust?
Guest
Whistler or Bust?

Speaking of bubbles – Smile of the day. Man there are some creative people out there.

https://www.youtube.com/watch?v=UG7zLhEWanc

kabloona
Member
kabloona

“Major Cryptocurrencies Plunge in Double-Digit Selloff”

🙂

https://ca.finance.yahoo.com/news/major-cryptocurrencies-plunge-double-digit-105600926.html

KickThemOut
Member
KickThemOut

It’s all part of the deep state’s attempt to try to scare the plebes out so they can unleash their own crypto that they control. Except the cat is already out of the bag and they are late to the party. Crypto is the future! Uncontrolled by the deep state.

Diadora
Guest
Diadora

Accroding to Garth… There are 49,000 realtors in Toronto with a mere 77 detached houses sold in all of the six-million-person GTA in the first two weeks of January.
Ouch!

Strata Hacker
Guest
Strata Hacker

You can believe Garth at your peril.

bullwhip29
Guest
bullwhip29

no doubt things are dead quiet right now. one local richmond based realtor is quietly attempting to prospect by running their own $25 gift card promotion on the heels of the superstore promo that everyone and their dog has signed up for 10x over. so, prospective or former clients can supposedly mail back a competitors calendar in exchange for a $25 starbucks card which I presume you’d have to collect in their offices or face to face somewhere else. anyway these folks have been giving away “free” dinners at seminars and what not since the beginning of time, so nothing really new…

KickThemOut
Member
KickThemOut

He never did post his squirrel receipt like he promised.

Best place on meth
Member
Best place on meth

According to Garth, HAM never drove up prices and Douglas Todd is a Nazi.

xyz
Guest
xyz
Raincity
Member
Raincity

Bye bye NDP….Hello Green!

Dave
Member

He’s got 4 years until people can call him on it. The Greens are all talk.

Bag it and tag it
Member
Bag it and tag it

If the PR referendum is successful, they might consider blowing up the coalition if the NDP don’t bend to their demands…they would gain a ton of votes.

Dave
Member

If an election occurs early, it will be under FPTP, not PR.

The NDP also pushed the election from Spring to Fall (to bias the election to students), so the election is just under 4 years away… Fall 2021.

Laibach
Member
Laibach

All Quiet on the Western Front. Yet another Manchurian candidate, and yet another gutless opportunistic deceiver.

“Christy Clark says a ban on foreign buyers sends the wrong signals to investors about B.C.’s open economy.”

DaMann
Member
DaMann

I will give him credit though, you would have never heard this before
““What we know with absolute certainty is money raised in other parts of the world is distorting our housing market and we want to take steps to address that,” he said.

and
“I do believe we need to knock back speculation and make sure we are penalizing that behaviour in the interest of reducing demand and softening prices.”

That IS progress somewhat. Credit where credit is due, it’s nice to hear a Premier say those things

CRA221
Guest
CRA221

Agreed. Christy only said that the “hard earned equity” of homeowners should be maintained.

Whistler or bust?
Guest
Whistler or bust?

Still blaming Cristy for NDP inaction are we?

Just me
Guest
Just me

Christy Clark is the main reason why we are where we are. She literally invited Chinese mainlanders to come here and break our laws. Because it was “good for the economy”.

Enough of good for the economy: sometimes you have to do things that, in the short run, might carry a price tag.

Shut It Down Already
Guest
Shut It Down Already

“Literally” doesn’t mean what you think it does.

Shut It Down Already
Guest
Shut It Down Already

Whereas Horgan only said:

“Housing is a critical component of many people’s equity and their retirement prospect, and we want to make sure we don’t adversely affect the marketplace”

Just me
Guest
Just me

I agree. Christy Clark would never have said that.
However I have mixed feelings about Horgan. it is almost as if he was giving with one hand and taking away with the other. I guess we will see in February.
I would not be surprised if there is a rift between him and Eby about what to do about housing. February will tell us who won the fight.

YVR
Guest
YVR

Horgan pulls the we are all immigrants card. Foreign buyers are considered immigrants now?

“B.C.’s the gateway to Canada and I don’t believe we should be curbing people from coming here,” he said. “I’m a child of an immigrant and virtually everyone I see here is a child of an immigrant.”

Shut It Down Already
Guest
Shut It Down Already

“Horgan pulls the we are all immigrants card”

It’s so obvious that’s not what he meant.

YVR
Guest
YVR

What he meant is if you talk about restricting foreign buyers you are a racist. He knows people like you lap that stuff up.

Shut It Down Already
Guest
Shut It Down Already

Well, he obviously didn’t mean that either. But good job for having another stab at defending the genuine racists, weasel.

YVR
Guest
YVR
Comments on the article. Reginald Freebody Wayne Waters · University of British Columbia Why doesn’t this so called Premier stay in China? He is a pile of Garbage! Let’s have another election and see where this Character ends with vote numbers! Like · Reply · 18 mins Anthony Takkedahl · Vancouver, British Columbia Greens should collapse the government now. The NDP were voted in to end the housing crisis. Like · Reply · 22 mins Kelly Darwin · Victoria, British Columbia ahh the no plan approach….great Like · Reply · 2 · 37 mins Dave Kolar · Windsor Secondary School That’s ok it won’t be long before Vancouver is a ghost town of empty homes owned by the Chinese. The only people will be their kids in the universities driving their Ferrari’s and lambos smashing into each other.. Like ·… Read more »
See Saw
Guest
See Saw

Unreal. The Comments. that is. And to think a lot of those people were supposedly of sound mine to be able to vote in the first place.

paulb
Member

New
212
Price Change
31
Sold
89
TI:7080

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 Friday to help keep them in the loop. No question to big or small. pboenisch@sothebysrealty.ca http://www.clivestevepaul.com

Best place on meth
Member
Best place on meth
Fact
Guest
Fact

2017 1.99% 5 yr just 6 months ago

Shut It Down Already
Guest
Shut It Down Already

1.99% variable, not fixed.

Funny how
Guest
Funny how

HSBC 1.99 5 yr fixed I have it Truth

Best place on meth
Member
Best place on meth

2.09% a year ago.

Close enough.

KickThemOut
Member
KickThemOut

So if your last chance at owning a place.

PTT
Guest
PTT

https://www.reddit.com/r/vancouver/comments/7qvfnw/horgans_response_today_to_andrew_weavers_demands/

No demand side action coming in next budget. Looks like the loudmouths here were correct after all.

patriotz
Member

“No demand side action coming in next budget. ”

Horgan himself says otherwise : “I do believe we need to knock back speculation and make sure we are penalizing that behaviour in the interest of reducing demand and softening prices.” The NDP didn’t campaign on a promise to ban foreign buyers. The Green Party didn’t either, and I think Weaver is being a bit crass in urging the NDP to do something that the GP didn’t support during the election campaign.

http://www.cbc.ca/news/canada/british-columbia/john-horgan-ndp-housing-1.4490512

Bag it and tag it
Member
Bag it and tag it

Weaver did campaign on a 30% province wide FBT. Horgan would be wise not work the campaign promise angle when trying to discredit Weaver…could bit him in the ass if the budget doesn’t deliver on his own campaign promises.

Just me
Guest
Just me

Really curious to see what the NDP comes up with in the February budget: it will be immediately obvious whether their measures have any bite.
I like the mention of triggering “softer” prices. That is the most promising sentence I have heard from a BC politician in years (with the exception of Eby, who obviously gets it).
If the NDP comes short of their election promises, I expect they will pay a heavy price in the next election. The shift to the Greens might be powerful. I think Horgan knows that. He cannot be that naive. it would cost him Metro Vancouver.

best place on earth
Guest
best place on earth

when interest rate’s up, inventory’s up, price’s down, people sell home for less, you cheer up like little kid sees Barney for the very first time. Question is, when the all things trigger softer prices, what are you gonna do about it? Are you gonna buy that single family home in Point Grey that you think you are entitled to?

Dave
Member
You can’t manage something you can’t measure. We have no idea what the level of foreign speculation is because we don’t have the data to track it. We also have no idea of all the convoluted ways that foreign money gets into real estate. So, how can the NDP really be effective to this end? Unless you damn the whole river, the water (or money) will find it’s way around whatever obstacles you put up. Based on that, my prediction is the NDP will take a lot of empty measures and make a lot of empty statements that in reality have little to no effect in reducing foreign demand. Does anybody really think a bunch of SJW liberal arts dorks living in Victoria have any clue about international finance? Laughable. We’re run by incompetent idiots. Likewise, the Province has little… Read more »
avgjoevancity
Guest
avgjoevancity

isnt reducing speculation a demand side action…..

Screwed
Guest
Screwed

And up she goes!

Dave
Member

Poloz sounds like a reluctant party. It looks like they want to see inflation before taking action going forward. Based on the last three years in Vancouver, it’s clear that bubbles can get created in a low inflation environment.

I think we only are going to get one more rate increase this year.

Fact
Guest
Fact

Lots o realtors selling their properties lately

southseacompany
Member
southseacompany

“Bank of Canada raises rate to 1.25%, but cautions on NAFTA”, Financial Post

http://business.financialpost.com/news/economy/bank-of-canada-raises-interest-rate-to-1-25-highest-in-almost-a-decade

“Canada’s central bank raised its lending benchmark a quarter point to 1.25 per cent, an historically low setting that nonetheless will seem high to anyone who got used to post-crisis borrowing costs that were closer to zero.”

bullwhip29
Guest
bullwhip29

Campaign finance filings show that 75 per cent of recent donations to Vancouver’s ruling civic party, Vision Vancouver, came from just one industry
http://www.metronews.ca/news/vancouver/2018/01/16/real-estate-provides-75-of-vision-s-campaign-donations.html

Just me
Guest
Just me

How surprising!
Thank goodness voters have finally figured out the rotten behaviour of our elected officials. And they will demand change as time goes by.

Just me
Guest
Just me

Prior to BCSC’s December decision Richmond-Steveston MLA John Yap described Oei, often seen travelling in luxury vehicles, as an active community member who was “generous.”

Notably, no law binds a politician to return such donations.

Hyper-mega-Bull
Member
Hyper-mega-Bull
voters are morons. average vancouverites are morons. just look at how they had their heads in the sand about HAM. look how they got all wet about the olympics and “inviting the world”. look how they want “worlds the best and the brightest” to come here. well, guess what mr and mrs vancouverite, you aren’t the world’s best and brightest. what do you think is going to happen to you when people with more money than you come here? this is what will happen, the next phase of sinoficiation: you find yourself in a store. the kind of store you’ve gone in thousands of times before. you wonder around looking for your items. but this time something’s different. you have an odd feeling, you’re body is telling you something. are you being followed? you quickly look around and notice that… Read more »
Fact
Guest
Fact

Gregory also used his personal email for work purposes ie incoming etranfers from developers

UBC in crisis mode
Guest

Raymond Wong’s update:

JAN 17, 2018 — I’d like to urge everybody who signing this petition who e-mail Premier John Horgan, Finance Minister Carole James, Attorney General David Eby and tell them about your concerns on the housing crisis and how it is affecting you, your family or somebody who you know, the future generation, etc. Also, meet your local MLA to voice your concern and bring your family. Re-schedule a follow-up. Remember your MLA works for you!
John Horgan E:mail: premier@gov.bc.ca Phone: (250)-387-1715
Carole James E-mail: FIN.minister@gov.bc.ca Phone: (250) 387-3751
David Eby E-mail: AG.minister@gov.bc.ca Phone: (604) 660-1297

bullwhip29
Guest
bullwhip29

Local politicians have differing views on what to do with the political donations they’ve received directly, or indirectly, from fraudster Paul Oei
http://www.richmond-news.com/news/politicians-mull-over-fraudster-s-donations-1.23146375

Just me
Guest
Just me

‘Let Customers Hang Themselves:’ RBS Memo Fuels Lending Scandal.

https://www.bloomberg.com/news/articles/2018-01-17/-let-customers-hang-themselves-rbs-memo-fuels-lending-scandal

This article refers to small business lending, but it might as well refer to mortgage lending in Canada. The principles are the same.

backwardsevolution
Guest
backwardsevolution

Who would ever be so silly as to deny HAM? Garth Turner does. Is it because he has a vested interest? Does he have a lot of HAM investors that he advises?

Garth Turner is just another salesman, selling his favored toy to the FOMO crowd. If it’s not financial products, it’s real estate. If it’s not real estate, it’s Bitcoin. If it’s not Bitcoin, it’s gold.

Politicians sell themselves for bribes, and T2 sells out Canada.

Living the dream.

Hyper-mega-Bull
Member
Hyper-mega-Bull

patriotz and others.

southseacompany
Member
southseacompany

“Everyone’s mortgage is about to get more expensive”, Maclean’s

http://www.macleans.ca/economy/realestateeconomy/mortgage-rates/everyones-mortgage-is-about-to-get-more-expensive/

“Get ready for a rate shock adjustment that is expected to accelerate in 2019”

bullwhip29
Guest
bullwhip29

yup and divide between fringe buyers and those carting around trunks full of cash only widens unless action is taken and more importantly, this does not do anything to fix housing crisis

Joe Money
Guest
Joe Money

No smart business person or investor uses cash when borrowing money is almost free.

bullwhip29
Guest
bullwhip29

word out of at least a couple of the big 5 is that review and possible termination of foreign income program is now on front burner in light of recent coverage by msm and numerous allegations that the laundering of foreign cash through casinos, banks and other entities is more widespread than initially reported.

history
Guest
history

New Age Fascism spores spread everywhere, the mold is enormous, covers practically every transaction. Good luck (s)winers

Shut It Down Already
Guest
Shut It Down Already

Link?

Diadora
Guest
Diadora

Must listen on Jon Mccomb: Lawyer Sam Hyman estimates 200,000 Lower Mainland households do not report their income properly
https://omny.fm/shows/the-jon-mccomb-show/immigration-fraud-tax-avoidance-real-estate-scheme

Diadora
Guest
Diadora

Jon Mccomb “Mind Blowing”

See Saw
Guest
See Saw

Jon McComb? So? He likes to blow a lot of hot air like all the other Postmedia hacks.

BTW, did you listen to the show with guests Kathleen Tomlinson and Ian Young on Dec.3, 2017? Awful. A whole lot of yakking based on hearsay and supposition. Zero facts.

Best place on meth
Member
Best place on meth

Oracle, fuck off.

Fact
Guest
Fact

Most people I know don’t declare any rental income and have several houses and all claim the hog discount too….that’s about to bite many in the karmass as new disclosures and ties to cra will begin to see who’s been honest and who’s been naughty,. On another note listings exploding today, rate hike coincidence? Lol hahaha cheaters liars are about to get whacked

Just me
Guest
Just me

Obviously, you are considered a rabid racist for pointing this out. We live in a world were breaking the law is OK, if a single large group does it.

Shut It Down Already
Guest
Shut It Down Already

Just me, king of the strawman argument. And you still won’t challenge those who use racial slurs.

Best place on meth
Member
Best place on meth

King of the hypocrites strikes again!

Shut It Down Already
Guest
Shut It Down Already

Need a dictionary, dumbass?

Best place on meth
Member
Best place on meth

Don’t need a dictionary to know what a hypocrite is, you’re here all the time to show us.

Just me
Guest
Just me

I like honest people. And you are dishonest.

Shut It Down Already
Guest
Shut It Down Already

Once again you avoid the accusation that you support the use of racial slurs. Despicable.

Just me
Guest
Just me
Summary of points raised by Sam Hyman the interview (strongly advise you listen to it in full): -1- the previous government knew what was going on but failed to act. -2- this case is not unique but sets the light on some common practices in Metro Vancouver (both in regards to immigration and money laundering in RE) -3- total neglect of immigration fraud by the competent Candian authorities; elaborate schemes to avoid complying with Canadian laws. False employment records, false paycheques, false residence records were part of the package provided by a real estate agent. -4- total neglect of tax fraud by the competent Candian authorities: RE titles did not report the actual owners, to avoid taxes and keep anonymity; -5- land registry system is being undermined by these practices: bare trust loopholes allows true owners to be invisible for… Read more »
best place on earth
Guest
best place on earth

Obviously the government does know how to do anything, you do. So, run for the office on the next election, I would vote you if you dare!

Diadora
Guest
Diadora

“200,000 household in the lower mainland area reported less income than they paid on their property tax”

Raincity
Member
Raincity

The NDP will be complicit if they don’t do something about this NOW!

YVR
Guest
YVR

APRIL 26, 2017

Eby said house prices should correct in Richmond, in part, with measures his party proposes.
Eby wants to close a loophole whereby a home can be bought by a shell company
The NDP is proposing a two per cent annual property tax surcharge on “absentee speculators,”The speculators’ tax would be linked to a homeowners’ income taxes, with the likes of senior citizens being excluded, said Eby.
Eby is also calling for more advocacy from the province to prevent money laundering and ensure non-residents do not claim capital gains tax exemptions on home sales.
Eby said he wants to close loopholes with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).

http://www.richmond-news.com/election-2017/housing-ndp-and-greens-tackle-money-laundering-and-tax-evasion-in-richmond-1.17102892

Best place on meth
Member
Best place on meth

So if the Feb budget closes these loopholes, you’ll give Eby due credit, correct?

Of course not, look who I’m asking.

YVR
Guest
YVR

If Eby does all of those things in the Feb budget I will buy him a “Make BC Great Again” hat and proudly wear one myself.

Doomcouver
Member
Doomcouver

Least surprising thing I’ve read all day.