The word ‘Affordable’ is subjective, what seems like a good deal to some is outrageous to others.
So to clear up the debate the city has put some numbers to the word ‘affordable’ in their guidelines for rentals built under a city incentive program:
$1750 for a 1 bedroom apartment
$2505 for a 2 bedroom apartment
Does that match up with your expectations for the term affordable?
Why Vancouver housing is back in the cross hairs amid the new China risks.
Wealthy mainlanders have new impetus to secure offshore havens following the Communist Party’s proposal to scrap presidential term limits
“The absence of term limits will dramatically influence domestic and international capital flows. Expect money laundering to actually increase as those who are already involved become more desperate to move their funds out of China and into Hong Kong and ultimately into other places.
The anti-corruption purge will continue without respite and those with ill gotten gains will have to move quickly. Expect an acceleration of legitimate and illegitimate capital outflow from China as mainlanders continue to diversify their domestic risk. The recently imposed 20 per cent fee on Vancouver real estate purchases by foreigners probably won’t have much of an affect on mainland buyers looking to launder money offshore.”
There is enough to scare the living lights out of any Vancouverite.
When the shadow of the Chinese government threatens the ill gotten money of the Chinese millionaires, bad things happen in Vancouver.
Our only hope is that the new taxes deflect the inevitable flow of dirty money to Toronto or elsewhere.
Re: Xi moves..
Intriguing the timing with NDP Budget…is this a stretch ?
I am reviewing an Owen Bigland video where he explains how there are numerous loopholes for foreign buyers.
Questions are…is the Budget going to reduce/eliminate pressures from outside Canada and NDP catering to the peanut gallery of its support…ie nothing’s changed.
OR…if the citizens see another wave of HAM f*cking up the local RE market, will we see pitchforks and torches ?
Given the NDP Budget appears to be “a work in progress” a ball of clay … perhaps it can be finalized or amended according to the given circumstances.
If VISION legacy is a precursor to BC NDP…quasi martial law will need to be invoked….people have had enough.
Except none of these threats have ever impacted Vancouver despite previous predictions to that effect.
Combine that nightmare scenario with the. mortgage rule changes and increasing interest rates and more locals will be priced out than ever before.
Ostrich,
You hit the nail on the head: the federal and NDP policies aimed at cooling housing are government incompetence of the highest order. Unintended consequences. Local are being hindered from entering the market, prices are staying high and the playing field is being cleared so that only foreigners with cash will be able to buy. This is just sick.
At least the government gets a bigger cut of the dirty money now.
Bride who defamed B.C. wedding company ordered to pay $115,000 in damages http://vancouversun.com/news/local-news/bride-who-defamed-wedding-company-ordered-to-pay-115000-in-damages
Everyday Vancouver, locust eat locust…
I don’t understand…..how can they complain re; photos…?
Can’t they just photoshop ?given they all rook arike? ( Cue SIDA and See Saw)
Ya, just like you and best place on meth, both equally think, whine and probably look like a loser.
Similar case in Dallas; judge orders ten times the payment. 1.08M Bucks. Canadian courts suck.
Sales look soft but isn’t that also the case for inventory growth?
For prices to move down, there needs to be more listings.
who was right?
bears: “renters are winning”
bulls: “buy now or be priced out forever”
Bears shall inherit the Earth.
Who ‘was’ right is irrelevant since we can’t make transactions in the past, only the present…so the question is who will be right in a year or 2 or 3 between someone who buys today vs someone that decides to wait…
if you want to continue to take advice from people who have been wrong for more than a decade, advice that has damaged you and your family’s financial security be my guest.
Really? That house you wanted back in pre-2008 was $800K. Too expensive you shouted! Sell now or be priced in forever(tm)!!! Bear will have the last laugh! 10 years later, that same house is now like $2.5M, and you are still renting. Sure going forward you might be right like a broken clock and that house drops 50%. But @ $1.2M, still 50% higher than 2008 when you thought it was too expensive to buy! Oh yeah, you ain’t going to get the last 10 years back either.
But off course, I’m sure since $800K is too expensive in 2008, $1.2M is just right in 2018?
What if your house go down to $700k, then what?
The real estate situation in Vancouver has exposed government incompetence at every level.
I think Christy Clark was very competent – at looking after her friends.
As a former Liberal Party member, I have to agree. She did more damage to the Province in one term than the NDP did in the 90s in two.
As time goes on, I think more and more people will see it the way you and I do. It wasn’t incompetence on her part. It was a betrayal of the citizens.
Andrew Wilkinson is a sharp guy and I think he could run an efficient and effective government. But, there is still a bit of a bad taste in my mouth with his links to Clark.
I’m sorry but I’m not sure what damage the NDP did in the 90’s, and I was an NDP hater back then. All I know is a would give anything to have the Vancouver/BC that we had at the end of they’re reign. Cheap houses and plentiful jobs. You are also forgetting the reason we suffered economically in the 90’s was because of the Asian financial crisis…it wouldn’t have mattered which party was in power.
+1001
Especially those with lots of cash, capital, borrowing power, and the long term timeframe. None of which qualifies the locals, especially the bears.
Dave – yes! It’s not like the NDP are doing anything other than “undoing” what previous governments did when they created the Ponzi in the first place.
About time that “risk” came back into the equation.
Who voted in the gov’t?! The people!
I’m all for it. Don’t get me wrong.
Loss of wealth is loss of wealth. I makes you poorer.
No judgment on what is deserved or what is right. Just pointing out that it’s happening.
Burnabonian – there is always a winner and a loser. A loss of wealth for the current winners will be a gain of wealth for the current losers. Just pointing out what will happen.
As the losers have been losing for over a decade now, perhaps it’s time to share the pain? Governments should not be involved in engineering Ponzi’s.
People should be in jail over what they’ve done.
I agree 100%
“This was during a time that the entire US west coast as booming with the technology industry. Vancouver sat it out.”
That’s not true. Major players such as PMC-Sierra were founded in the 90’s and they were able to attract talent from outside the province because professionals were able to afford the lifestyle they had earned, such as a nice house in a nice neighbourhood. I know because I worked in the industry myself.
Ironically now those same players have expanded their employment south of the border, because that lifestyle can still be had there but not in Vancouver..
Wilkinson morphed from an MD to Lawyer to an MLA to Leader of Opposition. Seems dysfunctional and opportunist.
A Richmond News photo shows him and Mayor Brodie and other politicians wearing Chinese Garb….I find that disgraceful…… no different than a flag planted by conquering nation.
Other than Weaver, I don’t see any BC Politician calling a spade a spade.
You had me at lawyer.
Clarify…you didn’t know he was a lawyer ?? or are disputing this ??
Usual warning sign is Rhodes Scholar…the underbelly of this is to groom these parties into establishment puppets.
Shoe seems to fit.
yes, fucking Culture Appropriation! Should all be shot!
Lost – just read about Wilkinson a few days ago. Yes, I would agree with “dysfunctional”, but your use of the word “opportunist” is 100% bang on!
I can just see the wheels turning on this guy. Not satisfied (or probably ethical enough) to be an MD, he wants more. He’s obviously intelligent enough to understand “systems” and he wants to be able to move those systems.
I would be very suspect of someone like this. Krusty Clark in a suit.
I’ve heard of people moving from MD to Lawyers..not the reverse ( does not mean it doesn’t happen).
Often the MD training gives them the insight to be ambulance chasers..so basically traitors to their past profession.
Personally, I don’t give a shite if Wllkinsons IQ is 200+….its meaningless in big picture.
Pierre Turdeau fooled everyone he was some brilliant intellectual, intimidate the media when he was basically full of shite,…. evidence he was pedophile….and whose agenda was to turn Canada towards Communism.
Wilkinsons agenda should be quite clear based on his past…
Richmond librarian assaulted with ‘flying Bruce Lee kick’ at homeless housing meeting
http://www.richmond-news.com/news/eyewitness-richmond-librarian-assaulted-with-flying-bruce-lee-kick-at-homeless-housing-meeting-1.23188161
That is an absolutely disgraceful assault by a member of the locust community…
as per usual, it is was a hit and run too…
Good hit by BC Housing & it’s poverty industry pals. Now the anti-TMH groups reputation are completely ruined. Just wait a year and it will be a bear heaven for any condos around there. Pennies on the dollar as all those slant eyes locust bails, right?
It’s cooking slowly but steadily… (on both sides).
I’m not sure HAM likes Vancouver’s approach to homelessness.
This kick is an insult to the immortal Bruce Lee!
They want homeless to stay homeless….what’s not hard to understand?
Or go live in TMH in gailow areas.
Province confirms rental buildings to be exempt from luxury house tax
http://www.richmond-news.com/news/province-confirms-rental-buildings-to-be-exempt-from-luxury-house-tax-1.23187943
makes sense
i’m starting to wonder that after all the various parties and interest group put forward their two cents that this new tax policy will look nothing like what many initially envisioned
bullwhip29 – you appear to want to place doubt in people’s minds. We finally have a government who is unraveling this mess. Give them time, please. They will hunt down the fraudsters.
It’s cooking slowly but steadily… (on both sides).
Disgusting…another loophole for the rich. Guess what will all those rich Chinese do now?
Rather than discuss semantics, look at the numbers. New rental projects in Vancouver have to compete with condo projects for resources (land, labour, materials). All these costs are set by the condo market because it’s so big compared with the tiny number of new rentals. The condo bubble inflates these costs. If you’re going to have reasonably priced purpose built rentals, it’s going to have to be by co-ops and non-profits with free or nearly free land. CoV has this available, what’s needed is financing. A bust in the condo market, which would reduce the cost of labour and materials, would help a lot too. Compare with Ottawa:
https://sleepwellmanagement.com/properties/415/311-lisgar-street-ottawa/
The real estate situation is truly a crisis that requires a national response.
We have no shortage of land. Municipalities in Metro Vancouver have lots of sites. The Feds have lots of money and can create interest free (or nearly) loans to non-profits. Put two and two together with a national housing initiative and this can be addressed.
The Feds should also put a temporary slowdown on immigration. Cut the numbers by like a 1/4 for a few years to allow the market to take a breather.
Simple and rational. Anybody in power not doing it either has an agenda against Canadians or personal interest involved.
I’m also a Libertarian and a small government guy. If this crisis doesn’t show people that things get worse with more government, then I don’t know what will.
Despite my beliefs, I think more government is really the only answer right now to correct the very distortions governments have created.
In my view, such a strategy would rely on the private sector as much as possible to deliver housing. The role of government would be defining the goals and paying the cheques more or less.
Good thing you’re not a Librarian or you might get kicked in the stomach.
So why don’t you tell your MLA or run for gov’t yourself? It’s so simple!
Are bears too fat and lazy to move?
We need to simply kick out aholes like all the muzzie with their 4 wives & 12 kids living in mansion on taxpayer $$$. And all of Oracle’s cousins! They do nothing but ruin this great country my ancestors build.
All the lazy ass rednecks & trump lovers should be dumped to US or the oceans.
Your federal government is thinking only of increasing immigration. Just because the bears on this blog have been forced, kicking and screaming, into believing in HAM doesn’t mean the rest of the country has. What you’re saying is still considered “racism” sadly. Even the NDP cannot ban “Foreign Money”. If another wave of money from China is imminent, as the SCMP article above says is likely, we’re done. The city is over.
really? So why are single detached houses supply keep decreasing if there are plenty of sites?
Heh? Explain yourself because if I think you said what it looks like you said, I have no words.
Ottawa has tons of purpose built rentals….most of them look like they date from the 70s. Low-rise apartment buildings, rental townhouse developments, high-rise rental buildings….the lot.
Much different than out here…..
City weighs options regarding fire-damaged heritage home
http://www.vancourier.com/news/city-weighs-options-regarding-fire-damaged-heritage-home-1.23187707
Richmond to build its first modular housing project for homeless
http://vancouversun.com/news/local-news/richmond-to-build-its-first-modular-housing-project-for-homeless
“It is not fair to build modular housing in this area,”
“If you build this here, it might attract homeless from other cities to come here.”
stahlee pak move to stahlee pak
“Outside the library where the open house was held, a woman was busy collecting signatures for a petition against the project. Some people expressed concern about safety, while others felt the project could hurt property values.”
with the locusts it’s always about their property values …
Interesting re: the numbers:
40 units built/cost of approx. $ 6 Million
So…$150,000 per unit.
Not sure if these are 40 ft.( ie 320 sq ft) or 20 ft. (160 sq ft.)
So costs are between almost $ 1000 /sq ft or $500/ sq ft.
carol james’ numbers for the proposed 100,000 or so low cost units at total price of $6B +/- equates to only a fraction of this
NDP’s inability to do math is a tax deduction…..
Where the F*ck are they gonna put 100,000 units ?
Give or take.. that would be between 500-1000 High Rises…or thousands more quasi- strata units depending on density.
The math crunches out @ $60,000, unit. Huh???
WTF is Horgan, Eby and James smoking…OMG….
actually 114000 units at $6.6B over ten yrs. given that govt pays 10x market rate i would guess they’ll have trouble building 114000 powder rooms let alone complete homes
http://bcbudget.gov.bc.ca/2018/homesbc/2018_Homes_For_BC.pdf
That buys you a small closet downtown…. about 30ft2.
Be funny if that was a joke. It’s sort of is a joke, but the jokes on us.
The NDP needs to tread very carefully with taxes. If they build this stuff at the expense of the middle class and small businesses, there will be a revolution. Better make sure that money is funded by the property riche.
“carol james’ numbers for the proposed 100,000 or so low cost units at total price of $6B +/- equates to only a fraction of this”
This is just the provincial government outlay. It’s not supposed to be the total cost of building. There will also be assistance from the Feds, and local governments (land), and finally most of the cost will be covered with borrowed money. All the housing co-ops you see around town have mortgages.
So my friend got his notice for develop,ent application in the mail today. 52 social housing units going in just next to the Olympic Village Skytrain station on the 500 block of W2nd. No one says a peep down there. They’ve now got 4 homeless housing developments in a very small area. Other municipalities have to start building way more to pick up the slack. Will they?
Can’t help but notice how white the Richmond council is. Friction like this will probably result in Asians running for office. That will be the beginning of real Asian values coming to the fore. No housing. No homeless. Just human-sized IKEA shelving for the poor to sleep on somewhere else.
As Xi Tightens His Grip on China, U.S. Sees Conflict Ahead
Gone is a widespread agreement among diplomats, scholars and businesspeople that China is gradually converging with the United States and, therefore, that Americans should work to manage any flare-ups between the two countries. With China now unabashedly charting its own course — one that diverges rather than converges with the liberal democracies and market economies of the West — conflict, many say, is inevitable.
https://www.nytimes.com/2018/02/27/us/politics/trump-china-united-states.html
Every US presidents has started a new war before their 2nd term election. I see Trump prepping for one very soon!
Go to MEC to stock up on…oh…never mind….maybe can get that AK47 from Lululemon.
CIBC’s new rules for foreign clients could squeeze Vancouver market
Reacting to the federal regulator’s new “rigorous due diligence” requirements for all financial institutions, the bank now requires proof of foreign income that is claimed in Canada. Income from a foreign source would be declared on Canada Revenue Agency forms, such as the client’s T1 General, foreign income verification statement T1135 or a T1134, if a company were being used to apply. The bank will be looking for a Canadian credit bureau report or a foreign credit bureau report for disclosure of liabilities. In other words, the bank is seeking a higher standard of third-party verification.
Industry insiders say it’s likely Canada’s other big banks will follow CIBC’s lead.
https://www.theglobeandmail.com/real-estate/vancouver/cibcs-new-rules-for-foreign-clients-could-squeeze-vancouver-market/article38125303/?utm_medium=Referrer:+Social+Network+/+Media&utm_campaign=Shared+Web+Article+Links
It’s funny how we’re always a step behind in reacting to danger. They should have done this five years ago and if they start incurring losses, they’ll agree with me.
I think it’s likely the others follow too the same way that if one person runs from a bear, the others surely follow. The last guy gets eaten…. the taxpayer is the last guy BTW… enjoy.
Dave – CIBC can see the handwriting on the wall; they’re just taking cover – it’s not because they’re so disciplined or that they’ve only just now seen the light. They’ve milked this for all it’s worth.
The party is over. Yes, the rest will follow suit.
CIBC is famous for making risky loans that they later got burned on. It used to be business financing, now appears to be foreign buyers of real estate. Their profits have taken a hit but they’ve never come close to failing over it and I don’t expect any different this time.
Yes…that’s my understanding re CIBC.
Perhaps their modus operandi is to push the envelope till Big Brother reins them in.
A so-called “satellite family” from China involved in immigration fraud, who bought a multimillion dollar mansion in West Vancouver after immigrating to Canada through the Quebec investor program, are to be deported after a judge threw out the judicial review of their removal order.
https://thinkpol.ca/2018/03/01/west-vancouver-mansion-owning-satellite-family-deported-judge-dismisses-review/
1 going and 199,999 more to go.
A textbook case that must become a mainstream. Get the shit out of the country and reestablish law and order.
Thank God…there is hope…even from our legal system.
Kudos to the system for not tolerating these locusts…the message is clear.. get the F*ck out.
Recall these locusts come from a dog eat dog culture…..nothing is beneath them….corruption etc is simply in the culture.
Ever tried dog meat?
No..but I hear it tastes like…..oh..never mind…
Why would you eat something that only exists as a companion animal? What’s worse is many mainlanders think it tastes the best if the dog suffers before it dies. It just shows you how mentally vacuous your average mainlander is. I’d like to see a few dog-eaters cooked alive and fed to dogs… seems fair…
YouTube etc as numerous videos of how these non Western Cultures treat animals…its disgusting.
It is not at all a stretch to extrapolate this attitude to others within and outside their culture.
do they just come back under one of their other names?
Recall that Xi hates capital flight more than all the rest of the world combined.
It is an existential risk to his house of cards economy.
If he is tightening his grip on power and cracking down on everything from children’s books to the letter “N”, don’t you think he will also be hunting Smurfers from a helicopter? (Using a high-powered rifle he bought from an MEC supplier, natch.)
Metaphorically speaking of course.
Recall also that Smurfing only works because everyone involved looks the other way. Senders and receivers.
Big data can find it easily; just ask Vancouver’s own ACL. All they need is access to the dataset.
And Xi has access to every transaction in all of China, plus every transfer out of China.
Anyone who thinks that Smurfing will somehow *increase* is nuts.
“And Xi has access to every transaction in all of China, plus every transfer out of China.”
You can also say “And Xi has access to every transaction in all of BC, plus every transfer in/out of BC.” given the strategic allocation and infiltration of CCP cadre, MSS agents and local Manchurian candidates across the Lower Mainland.
Is Xi’s “plan” to “scare” locusts to further invade other nations..ka its all a scam….he wants them to continue as before.
You claim that Xi is printing money for the purpose of creating a diaspora?
You have not studied China.
In simple terms they understand themselves to have been the greatest and most powerful empire in the world for 5000 uninterrupted years, with the exception of the last 200 . Which is arguably true, depending on your metric.
They are correcting for this speedbump now.
They feel no compunction to become a wandering and stateless people, taking hold where they can. Why would they?
Read the Communist Party’s actual stated goals around controlling capital flight.
They printed all that money for the purpose of growing their domestic economy and bootstrapping modernization.
Every Renminbi that leaves harms them directly and it’s among Xi’s top priorities to stem the hemmorhage.
That is literally correct but also a myopic and short-sighted western style history.
Westerners think in terms of decades and Chinese think in terms of millennia.
They know where they came from and they know where they’re going.
Being an also-ran third-world punchline isn’t it.
They will make the necessary sacrifices to get there.
Traitor
It’s the summer palace. British and French armies did the burning. Don’t worry, there will be pay back time. Just like the Opium war, I wonder why there is so much cheap fentanyl from China nowadays.
China’s recent history is much more than your pathetic small brain can handle. I do agree with you though that a whole lot of problem of the world nowadays is a direct result of European imperialism.
Once a racist….always a racist; and once a loser…always a loser
Keep whining…
Pretty sure Mao did some damage too.
You are a fucking traitor and disgrace
And you are a mentally ill disgrace. Get help for your suffering.
Burbonian, you sure have a lot of historicaly ignorant faith in Tyranny. Tyrants never have as much power as they think. Human ingenuity knows no bounds and always finds a way around a tyrants power. China is too integrated into the world financial system to succeed at what you are proposing. The channels for cash to flow out will never be stopped only temporarily disrupted and reinvigorated.
Fucking traitor. If you love tyranny and hate democracy so much, why don’t you fucking move to China.
What can you possibly mean.
I didn’t say that I loved it; just that it happened.
You know a lot of bad things have happened right?
Strata Hacker – the channels for cash to flow out are being totally choked off. China is in very bad shape.
Owner Shih-tao Lu moves forward with multiple projects and proposals in Powell River
http://www.prpeak.com/business/starium-continues-with-plans-for-development-1.23179966
>>> this sounds very much like a guy who came into more cash than he knew what to do with, left China and setup shop in this off the radar little town like many others have also done and after initially thinking he could just run wild and do whatever the eff he felt like, he has realized things aren’t as simple as originally thought nor are current residents totally blind, deaf and dumb. I have a relative who lives up there and can’t quite figure out what to make of all this. this year there was a chinese new years parade…yes, in powell river where 100’s of foreign students decked out in Cda Goose parkas now roam around as they are glued to their smartphones…
“He has nine or 10 things he’s interested in doing at the same time and he goes about them at different degrees of attack,” said Knight.”
this is typical of these locust so-called “investors” who arrive with loads of suspicious cash and no firm plan on what to do with it.
Wait, I thought the plan was to throw it all at real estate? It’s almost as if the bitter have-nots have no idea what diversification is.
Somebody sounds jealous.
Can one be a bear and not be jealous of another’s success?
criminals are not capable of functioning legitimately or thinking within the law, hence you see locusts laundering ill gotten drug money and skirting the immigration system.
Waiting for SIDA and SeeSaw to comment on another foreign locust story ad nauseum……
..well..maybe give them 60 seconds…( cue Jeopardy theme).
Otherwise..typical locusts …..they do not have the moral and ethical compass re: rules and regulations re their latest colony conquest .
Should be grabbed by their pigtail and buck teeth and punted to YVR on next plane to China.
great example of a straw man argument. thanks!
i like how the two village idiots chime in here to hurl insults but don’t add anything meaningful to the discussion …
don’t be so hard on yourself. the suns out. go for a walk and enjoy the fresh air and have a great day!
that’s good advice as you sit in your mom’s basement being a keyboard warrior …
as one human being to another, i want you to know that i love you.
Lost but not leased, you are one of the 2
Woodhouse suggested that if the provincial government was truly concerned about laundered or “dirty” money entering the real estate market from foreign investors, rather than taking a 20% cut of it in the form of a tax, a more effective measure would be limiting investors to one property. Such a rule would be easy to track and enforce, Woodhouse says, given the comprehensive land title registry in Canada.
Secondly, Woodhouse says the B.C. government has effectively told Americans and Canadians from other provinces that their investment in second/recreational houses in the province is no longer welcome.
“First off, the foreign buyers tax increase is not going to do anything about lowering home prices. It feeds into the public misconception—that has largely been built out by mainstream media—that this imbalance in prices and incomes is a reflection of foreign buyers, when we have the stats that show foreign buyers represent a very small part of the market,” he said. “Foreign investors are not putting their money into Canadian real estate because they want a return on their capital. They’re putting it into Canadian real estate because they’re counting on a return of their capital.”
Hey yo.
“First off, the foreign buyers tax increase is not going to do anything about lowering home prices.”
Like the other RE pushers, he is getting all worked up over something he claims is not going to have any effect. He’s scared of lower prices all right.
Bingo.
how can investors be limited to one property? this Woodhouse person has never heard of “nominee” owners?
Bears just hate everything relating to real estate. It’s understandable. Go on , keep hating!
Yes we do.
And we know your a renter as well, with brain damage.
*you’re
Burnabonian – “He knows his next stop is selling ICBC or Bell cellphone contracts. And those jobs pay so little that if you have to take cocaine to stay interested you can look forward to net negative cash flow.”
Now, that’s funny! Maybe even get a little Chinese Fentanyl mixed in with the cocaine for added excitement.
Ever heard of a REIT? I thought bears are all investment geniuses?!
Investing is becoming a clusterf*ck….
Many pension plans are desperate to achieve even single digit returns so as to meet past and present obligations…
Their desperation( ala bad casino bets ) has them in bed with a number of toxic assets..all that shit from 2008 collapse kicked down the road simply delays the inevitable.
“Woodhouse says the B.C. government has effectively told Americans and Canadians from other provinces that their investment in second/recreational houses in the province is no longer welcome.”
He seems unaware of – or deliberately ignoring – the fact that every genuine recreational area in the province (apart from the Gulf Islands) is outside of the spec tax area. Do I think people outside the province (or inside for that matter) who buy residences in BC’s cities and leave them empty should feel unwelcome? You bet I do.
What this guy fails to realize is these new taxes do not operate in a vacuum. If the taxes change the perception of housing as a safe speculative investment, the whole house of cards is coming down. The valuations are 100% based on sentiment at this point. Utilitarian fundamental pricing won’t kick in until a 50-90% drop in prices in some cities. Also I like how he thinks that they “accidentally” told Americans and Canadians from other provinces they’re not welcome to have vacation homes here. THEY AREN’T WELCOME HERE. It’s called a housing CRISIS for a reason you imbecile.
https://www.scribd.com/document/372565383/Federal-Budget-2018
369 pages
It could be a Globe and Mail story, it’s written in a style similar as the Archtype technique. ‘Case study’ propaganda
remember when oracle said that women would be prostituting themselves for housing? well, it’s happening…
Isn’t prostitution the oldest profession? What do you think they did it in the ancient times for?
Being Chinese is oldest….tied with locusts evolving from primordial ooze.
Being Chinese is a profession? How can I send in my application to be employed as a Chinese? Do they take applications at the T&T to be a Chinese?
I’m sure there’s plenty of trophy wives for Vancouver homeowners, so basically a prostitute.
Video of the assault at the richmond public library housing talk
Totally disgusting…the perp should be hung in public after is vijajay and intestines are fed to rabid dogs….
This is your CHAIRMAN XI future …..morons
watch as they replay this on the evening news with the little pansy’s face blurred out.
i also love how all those hardcore onlookers decked out in military grade Canada Goose parkas stand lifeless and do absolutely nothing to stop this little rodent sneak out the back door…
and now we know what KickThemOut looks like too
Did you catch Chairman Xi burning books containing letter ” N “.
BTW …….China is now “CHIA”.
………as in low IQ plant matter employing inorganic substrate in order to propogate ( results are Nu Stream realtors, and their clients etc.)
…….. bwhahahahahhaha
The locusts will make excellent Chia pets, now that Mao 2.0 is going to take them into another cultural revolution.
Oh well, they deserve it.
Right, something is odd? That bald guy next to the lady looks like about ready to punch the locust tug but did nothing. On the good side, the lady came up quickly and didn’t look scared. Tough times, either one deals with locust accordingly or let them rule in their way as seen.
he’s in shock. everyone is in shock. unexpected violence does that to people. that’s not odd. it’s how the human animal normally reacts. unless you have training or grew up in a place where violence was common and you have to learn how to deal with it for survival you’d react the same way.
Actually….blame the legal system..
The bald guy could have tackled him ( or one never knows if they have weapons…..) but then the bald guy has to go to court..several times..not compensated for lost earnings..could be sued by the kung fu locust….
that’s probably also true. once he runs away there is no longer a threat.
Or, said in another way, how unprepared Canadians are for Chinese intolerance. We just stand there and get kicked in the stomach and then blur his face or don’t release his name because it’s racist. Lemme guess. He’s ” mentally ill”. He needs “educating”.
i am waiting for this little a-hole to somehow play the race card and if all else fails, maybe opt for something else out the standard playbook like mental instability. remember in this country one can climb on a bus, chop someone’s head off and walk away with a new identity. i figure it is only a matter of time before the person that filmed this somehow made out to look like the villain in all this
Our legal system makes me sick. There’s no justice for victims in Canada.
I guarantee you he’s a local property speculator mad about what essentially amounts to a homeless shelter in his neighborhood. The RCMP should put up wanted posters around 7300 Elmbridge Way, and go knocking on doors. I’m sure they won’t because the Richmond RCMP is astoundingly ineffectual generally… but they could definitely find him if they wanted to… probably operating an illegal hotel or brothel out of a McMansion in the neighborhood…
look at the tool in the Cda Goose parka holding the coffee…doesnt even bat an eyelash when the kick occurs, then basically yawns and walks the other direction as the lady is picked up off the floor
When I last lived in YVR it was in New West, around Royal Avenue………….in the mid 80’s before Expo.
A really nice 1 bdrm appt with a patio and underground parking was $450. I could afford it back then on my single salary. Today my wife and I could easily afford the 1 bedroom rent of $1,750 but would refuse to pay any more than that for shelter. Here in YYC we could get a large two bedroom for $1,500 easily (or less).
A single person on a minimum wage of $15 an hour earns probably $950 in take home pay every two weeks. Here in YYC you can get a D/T one bedroom apt for $850……….it should cost the same in YVR.
Re “affordable”…
I grew up in a Metro Van neighbourhood that had a lot of middle class parties..many that never/barely finished High School.
…..one neighbour was a dermatologist…another a millionaire….some managers…other mill employee….fisherman..city workers….etc. etc..
but nothing pretentious.
Given we have an economy that seems to have evolved ? deteriorated ? to service worker,……minimum wage… indebted student class…etc. perhaps that set the benchmark under the auspices that if we do not accomodate these groups whose annual income sets the rental benchmark…..we simply have a ghost city that will be increasingly hollowed out much like Detroit ( once THE most affluent city in North America ).
We have moron and idiots like VISION ( NDP bedfellows) trying to restrict mobility.aka no cars/all bike lanes.. BUT live in COV..when no one can afford it you stupid commie F*cktards…
Well, you did not grow up. You are still stuck in puberty with your pathetic narrow minded views. I can see how you long for the good old days. Keep dreaming…loser
Fake asshole.
Re: Mr Xi….
The Tyee has an excellent article titled “Xi Jinpings Power Grab and China’s World Domination Plan”
It will make your F’n hair curl…
Why the F*ck do you think we have Glegol Lobertson and Justintime Turdeau in office…Red Chinese plants duhhhh
Sorry Burnabonian…you are dead wrong Re: COMMUNISM …it never ever stops within a given set of borders..its goal is total global domination.
To Be Continued
http://www.news1130.com/2018/03/01/federal-budget-tax-information/
“This sort of effort is one that’s advancing our cause of ensuring tax fairness and ensuring that we don’t have people doing things that might be quite inappropriate,” he says. “We can actually get at people who are moving money in ways that might be avoiding, or evading, taxes. This is particularly important around things like money laundering or terrorist financing.”
time will tell where this goes …
All of this cracking down on tax cheats, money laundering, the B20 test, banks finally verifying foreign income tells me one thing: the party is over!
If the party wasn’t over, there is no way this would be happening. The party was over the moment the NDP and the Greens came in. There was actually going to be transparency. Paper trails were going to be followed. Krusty Clark and her bandits kept a lid on things; the NDP are blowing off the lid. Look at all of the corruption that’s surfacing.
The party is over!
Party over? The majority will be kicking old white ladies in the gut going forward. Have you seen the entitlement??? Wow
You don’t know? It ain’t over till the white lady gets kicked by a piece of crap thug.
That mainlander kicking the senior white lady. Wow.
Expect more as the majority grows. White boomers don’t have a clue what’s coming. Third world values in 10 years.
That Sino Rat that kicked the Caucasian senior..
This person will be a manager at AnBang’ portfolio of BC Senior homes..
3 points kicking local senior through goalposts !!! ……Make room for elderly foreign locusts !!!!.
Heck with that. Make room for more empty luxury mansions.
He was trying to kick the organs right out of her.
Most of the major new sites in canada that have a comments section basically implying a lot of anti-China sentiment.
The majority in Canada now want a gov that looks after them first and others later.
The media and proganda is implying the opposite. Which is a lie. If this movement ever organizes, look out. Game over for the sell outs.
Go Trump! He just helped his domestic industry out.
Steel industry. 25% duty. Great for inflation and workers wages there especially when immigration reduced to 20% of Canada’s.
Not implemented yet. Just some tweets..
He should have targeted china only, and any other third world shitholes dumping steel in the US using slave labour.
Canada probably should have been exempt from these tariffs.
Trump is fully aware that Canada has no bargaining power and run by idiots.
If I were him I would have no choice….he probably realizes we will be a Chinese colony soon.
Just another great move by Trump to get everyone’s attention. Meanwhile the drama teacher is trying to negotiate gender equity in trade.
Canada and South Korea are two of the larger exporters of steel to the USA…..
http://www.bbc.com/news/world-us-canada-43249614
“China is only the 11th biggest exporter to the US – some US allies, including Canada, Japan and South Korea are among the 10 biggest sources of steel for the US, and they all face a big bump in costs.”
Swing and a miss….
Canada needs to be taught a lesson. End NaFta, create economic chaos here and maybe we get a populist party rise.
And you should be deported back to 1940s’ Germany, fxking loser and dreamer
No, he should have targeted drug addicts and losers like you. Canada should have kicked you out. You are such a disgrace here.
VCI ADMIN:
Please remove these fakers
THX
Haven’t seen a populist candidate in Canada at the federal level yet. If we did they’d probably do quite well in the election. I’d vote for anyone who wants to cut immigration and put Canadian interests first. Horgan is the closest thing to a populist BC has seen in a while, so at least there’s that…
Kellie Leitch.
No thanks.
There’s an argument to be made that Jack Layton had populist appeal. Attempts at curtailing bank fees were straight out of a populist play book.
Yup. That’s a fair one too.
The next federal election could be very interesting. The (now-reneged) promise on electoral reform drew away a lot of left-leaning NDP and Green support. Payback might be a b*tch.
The next election was supposed to feature proportional representation.
Turd the Lesser made it his #1 promise in the last campaign, iron clad according to him and he quickly reneged.
Dump this piece of shit.
You must be kidding? Bank fees. I pay like $2 per month total in bank fees if that and it wouldn’t be hard to pay nothing. Then they pay me thousands back in interest and credit card rewards. Not to mention dividends.
Your great grand kids would thank you.
They would win. Plain and simple.
Anyone runs on the idea to slash immigration to US Levels, they would have a landslide.
The media would portray it negatively since it’s so concentrated here.
What that really means is that racist fuckwits are quite happy to post their toxic nonsense under their real names. They’re really that dumb.
Racist accusations? Listen mothedicker, doesn’t frighten the majority of Canadians anymore.
Time to reduce immigration and shut up people like you out to destroy Canada.
Hush now, creep.
Time for both of you to leave. Nothing you say here will make any difference to what is happening and what will happen.
But you are mentally ill, so all bets are off.
Time to deport losers like you. You are a shame to the country.
Uh. Too late aye?
You know what. You should just move to the US, join KKK, Alt-Right or whatever, that will suit you well
VCI ADMIN:
Please remove these fakers .
THX….