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Amazon hiring head of newly-formed mortgage lending division
https://www.housingwire.com/blogs/1-rewired/post/42706-amazon-hiring-head-of-newly-formed-mortgage-lending-division

Member

southseacompany

https://www.missioncityrecord.com/news/housing-market-unhealthy-abbotsford-mayor-says/

“Housing market unhealthy, Abbotsford mayor says” Mission City Record

“The Lower Mainland is in the midst of an unsustainable “housing bubble” that is unlikely to continue, Abbotsford Mayor Henry Braun said last week”

“Braun says he is surprised ‘bubble’ hasn’t popped yet”

Guest

Doomcouver

I agree, it’s “surprising” how moronic home buyers are.

Guest

bullwhip29

Last week, Coun. Harold Steves took to Twitter asking whether the opposition shows a “culture clash” in Richmond
https://twitter.com/Harold_Steves/status/969268402987528193

Guest

Lost,... but not leased

HAROLD STEVES…WHAT ABOUT YOUR BOGUS FARM….YOU WERE IN THE BARRETT NDP GOV’T THAT CREATED THE ALR…..YET YOUR FARM IS NOT IN THE ALR….YOUR PROPERTY IS PRE ZONED TO ALLOW AT MINIMUM 10 HOMES….YOU SHOULD BE PAYING OVER $50,000 A YEAR IN PROPERTY TAXES………………………YET YOU PAY LESS THAN $400/ YEAR…..VIA SHAM FARM STATUS………YOU ARE GAMING THE SYSTEM …WHOS’ THE SCAM ARTIST AND FRAUD……..ITS YOUR ALR NDP LOVE CHILD THAT IS CREATING LAND SHORTAGES AND FORCING PEOPLE INTO SHIT BOX MULTI FAMILY OVERPRICED CONDOS…

F*CK OFF ……MOFO

Guest

bullwhip29

The video posted by YouTube account K Zu showing an assault on a Richmond Public Library librarian has been removed
http://www.richmond-news.com/news/video-man-assaults-richmond-librarian-1.23188887?mzpfi=84390

Member

Laibach

What a video? Assault never happened. Must be some tech-savvy racist planting computer-generated imagery (CGI) trying to shake up flourishing multicultural communities. Problem solved, everybody to shut up now.

Guest

Doomcouver

Maybe the old lady doesn’t want to press charges? I think she should, violence like that is unacceptable even if they’re mentally handicapped. This guy didn’t seem handicapped to me though, he just seemed like an a**hole.

Member

KickThemOut

That decision is by prosecutor alone. Victims can’t demand charges not be pressed in Canada.

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Doomcouver

That’s lovely, so you can get no justice just because our prosecutor is too lazy to send this guy to jail. Great…

Member

“Victims can’t demand charges not be pressed in Canada.”

They can’t demand anything but they can decline to make a complaint. The police will generally not proceed with a case of this nature without a complaint, as they have enough to do as it is.

Guest

Shut It Down Already (original)

What does that have to do with the video being taken down?

Guest

Lost,... but not leased

Where’s Sea Hag…..???

Member

Best place on meth

Still no word on which country this asshole came from.

Maybe he’s local but I doubt it.

What are they trying to hide?

Guest

Lost,... but not leased

If the kung fu perp was of Caucasian descent…that video would still be up….bet on it.

BTW , sometimes what YOUTUBE purges can be found on other platforms..such as LIVELEAK.

Member

KickThemOut

Coming soon to Vancouver
https://www.cnet.com/roadshow/news/mclaren-bp23-hybrid-hypercar-243-mph-2-million/

McLaren BP23 hybrid hypercar to boast 243+ mph top speed
This forthcoming $2.2 million gas-electric hybrid hypercar will bring the fight to Bugatti.

Member

Laibach

Vancouver version is coming with the custom-made engraved and goldplated sticker ‘N” at the back.

Guest

Name

can you imagine what chaos will ensue when the chineeze kids get a hold of these?

Member

Best place on meth

Hopefully the deaths of said chineeze kids, with no other collateral damage.

Member

Sebastien

I can see a rise in carjacking in this city. Just saying…

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Doomcouver

Yes, but how is it in the snow? http://dailyhive.com/vancouver/vancouver-n-driver-lamborghini-snow-february-2018

Member

KickThemOut

I think the buyers can afford snow tires.

Member

Best place on meth

The tires don’t matter if the driver is useless.

Guest

Doomcouver

Hey at least soon we’ll be able to siphon cash from them through the speculator tax. That’ll be nice.

Guest

bullwhip29

Seven people taken to hospital after serious crash in Vancouver
http://vancouversun.com/news/local-news/seven-people-taken-to-hospital-after-serious-crash-in-vancouver

“… it appears a grey Ford Focus and a black Mercedes SUV collided head-on just over the centre line…”

Guest

Whister or Bust?

Those G Class Mercedes cost fortune.

ICBC rates going up anyone?

Guest

bullwhip29

pretty obvious from this photo who was at fault and that speed was a factor. had it been the focus crossing over, it would have ended up in the foreground of the photo not all the way over to the right.
http://www.richmond-news.com/photos-motor-vehicle-accident-sends-seven-to-hospital-closes-grandview-highway-1.23196802

Member

Bag it and tag it

agreed

Guest

Shut It Down Already (original)

Bullwhip, you’re clearly an expert accident investigator. You even think you know the ethnicities of the people involved, right? Ridiculous.

Guest

bullwhip29

Police said the 20-year-old male driver of the Ford and his 19-year-old passenger both suffered life-threatening injuries. The driver of the Mercedes, a 54-year-old man from Richmond, and his three passengers suffered relatively minor injuries
http://www.cbc.ca/news/canada/british-columbia/7-people-hospital-vancouver-car-crash-1.4569899

Guest

Name

#chinesedrivers

Guest

Lost,... but not leased

Its called statistics… @sshole..

…….like the probabilities you and Sea Hag will actually contribute something,…. a-n-y-t-h-i-n-g ….to this and/or any other VCI dialogue.

Member

Best place on meth

I don’t understand why the china men even like those hideous boxy things.

Guest

Doomcouver

They think it’s a veblen good. Sadly they don’t seem to realize even poor people would rather drive something else.

Guest

BubbleTea

Canada escaped the global financial crisis in 2008 unscathed relative to much of the developed world, but after 15 years of virtually uninterrupted home price appreciation, America’s neighbor to the north might be cooking up a financial crisis of its own.
Loose lending has helped create a housing bubble to rival that of the U.S. in 2006, and with household debt in Canada being among the highest in the world, Canadians have little room in their budgets to absorb rising housing costs.
https://www.curbed.com/2018/3/7/17085794/canada-housing-market-collapse

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Doomcouver

The bubble should have popped by now. The fact it hasn’t should frighten anyone with exposure to Canadian real estate. You can thank the Chinese and house-horny local debt-pigs for how long the price appreciation has gone on for. Many Canadians thought we were better than the Americans and that’s why we got around the housing crisis. The sad truth is we’re not better, our housing bubble is just bigger than theirs was.

Guest

Lost,... but not leased

IMHO….the US market aka a population of 300 MILLION plus was domestically driven via intent and design, ( foreign influence was not necessary nor realistic) . Politicians of all stripes( ie REPUBLICANS and DEMOCRATS) saw the SJW etc political equity of literally everyone(regardless of income etc) had a “right” to won a home. Of course,to achieve this…olde metrics are negated..but to circumvent this, a whole new economic system has to be” frankensteined”. The Banksters ( ALL WARS ARE BANKERS WARS ) never lose….in fact..what happened in the US pre 2008 may have exposed the banking system to its core….that Bankers assets are “DEBT”…the greater the debt the better..with the proviso that the top banks know they are “TOO BIG TO FAIL”….so they maxxed out the” Fanny Mae”/ “Freddy Mac” scam to the limit and again generate aka steal/extort major profits.… Read more »

Member

Sebastien

With that amount you can buy land the size of Connecticut.

2480-2510 Wentworth Avenue, West Vancouver
Jan 18:$108,000,000
Mar 7: $88,800,000
Change: – 19,200,000 -18%

Guest

bullwhip29

Brighouse residents rally against proposed homeless housing
http://www.richmond-news.com/news/weekly-feature/feature-brighouse-residents-rally-against-proposed-homeless-housing-1.23195828

Member

“If an owner can objectively prove they have lost money, specifically due to the proposal being nearby, how does Richmond propose to deal with this, or does Richmond merely expect owners to eat a loss?” asked Jang.
“(And) Richmond is filled with luxury cars. Our strata is no different…our members certainly do not feel safe with their vehicles overnight should this housing go forward.”

These people could use a PR consultant.

Member

KickThemOut

How do you know that person isn’t hired by the pro-side PR consultant?

Member

Bag it and tag it

because the pro side aren’t lying, cheating, corrupt, shady, slime balls.

Member

No PR consultant with any brains would have allowed someone to say “Richmond is filled with luxury cars. Our strata is no different…our members certainly do not feel safe with their vehicles overnight should this housing go forward” with the. Not exactly sympathy-inducing if you catch my drift…

#letthemeatcake

Member

Best place on meth

Can’t believe none of these protesters mentioned the obvious solution.

Put the homeless in Stanley Park.

Tourists will love it.

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Doomcouver

mmmmmmmm….. MEAT CAKE…. 😛

Member

“How do you know that person isn’t hired by the pro-side PR consultant?”

Because the article identifies Jang as strata president of Lotus Condo, dumbass.

Guest

Just me

Wow.
Just wow.

Guest

Doomcouver

If the homeless housing doesn’t get built, I strongly recommend the homeless find some empty McMansions in the neighborhood and move in.

Member

Best place on meth

“Apart from safety concerns, Jang also expressed residents’ anxiety that their property value will decrease.”

Oh please, let’s just dispense with the “safety concerns” and get right to the point.

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Doomcouver

Yes their motivations couldn’t be any more transparent if they tried. All the other objections other than property values are meant as an attempt to disguise their true motives. Good luck trying to sell your speculative investment with a homeless shelter next to it you greedy bastards.

Guest

Lost,... but not leased

Given Richmond Council bends over for foreign locusts 24/7/365….there must be something more to this..as this container city issue…….right or wrong….. will likely cost them votes.

Hive mindset will broadcast sense of betrayal and current Councillors targeted in Fall 2018 election.

Harold Steves???? this is likely his last election and nothing to lose. Richmond Council is almost 100% job for life via name recognition and moronic voters.

Predict a lot of foreign locusts (, in usual single- issue platform “meets” bottom- feeding mode) as candidates.

Guest

-bubbly--

Detached sales are very low, but not lowest in 27 years.

Feb 2018 – 621

Feb 2009 – 587

Guest

See Saw

That was during the correction that was never “allowed to complete”. Expect lower sales as this crash gains momentum. Also, there was less housing back then, too. So, sales now are dis-proportionally lower.

Guest

Doomcouver

Yes the downtrend in real estate sales in Vancouver after 2008 was so small and short lived I personally don’t even consider it a correction. The fact that we’re close to the sales numbers of 2009 and there’s no mortgage crisis in the USA currently it is a very bad sign for Vancouver housing bulls. After 2008, prices dropped in Vancouver due mostly to housing sentiment turning negative briefly from fears of a similar correction here. Currently in 2018 the sentiment is still pretty positive on housing, so what seems to be driving the low numbers this time (and this is speculation) is lower inflows from China, less access to cheap credit, and general consumer over-indebtedness. When un-emotional factors are exclusively driving the market, it’s much more dangerous, because good vibes about housing won’t matter anymore, and when the correction… Read more »

Member

Best place on meth

Population growth should be taken into account, which makes this year’s sales lower than 2009.

Member

Hyper-mega-Bull

regarding the proposed housing for homeless in richmond, bc. copied and pasted from another forum.

Residents are also upset that the house will be built on the location which is currently being used as a dog park. [Google Map image of location https://goo.gl/maps/1yufE6Dd6T52%5D

“To us residents, dogs are not just pets but significant family members, especially to seniors who are accompanied by their dogs most of the time,” the letter states.

And….

(We) believe the initiative is a worthy cause… however, no one wants this type of housing or the proposed residents as our neighbours or in our neighbourhood,” wrote Clifton Jang, strata president of Lotus Condo.

And….

(And) Richmond is filled with luxury cars. Our strata is no different…our members certainly do not feel safe with their vehicles overnight should this housing go forward.

Guest

bullwhip29

so when they were talking about protecting their “babies”, this is what they meant?

Member

Laibach

To us residents, dogs are not just pets…

– Yeah, it’s well known…

Richmond is filled with luxury cars. Our strata is no different……

– That is a major factor, it is part of our culture and tradition, ignoring it would be racist.

Guest

Shut It Down Already (original)

Except the only person saying that is you.

Member

Best place on meth

Dogs are worth more than homeless people, say the chinese in richmond.

Guest

Doomcouver

For once I agree with them. Dogs are better than people. haha But I disagree with that as a reason to not build the housing. There’s plenty of dog parks and/or regular parks that allow on-leash dogs they can go to. This is just a temporary dog park anyways which means it would probably have gotten removed at some point.

Guest

Just me

Dogs are an excellent source of protein.

Guest

Lost,... but not leased

Q: What do you call a foreign locust with more than one dog ?

A: A rancher

Member

KickThemOut

https://ca.finance.yahoo.com/news/goldman-ceo-blankfein-prepares-exit-165324942.html

God’s work is done!

Member

Best place on meth

“The Journal, citing people familiar with the matter, reported that Goldman was not looking beyond presidents and co-chief operating officers Harvey Schwartz and David Solomon to replace him.”

Uncanny. I never would have guessed the competition to succeed “Blankfein” at “Goldman Sachs” would take place between between two more jews.

Guest

Shut It Down Already (original)

You’re such a prick.

Member

Best place on meth

How so?

Guest

Shut It Down Already (original)

You act like I’m the first person to tell you.

Member

Best place on meth

No comment on my comment, then. Just a vague insult without explanation.

I see.

Guest

Lost,... but not leased

Yeah SIDA…..BPOM seems quite tuned in and calls a spade a spade…

…..you , conversely, are clearly CLUELESS as to history amongst a plethora of others subjects.

Now take your ball and go ____________!

Member

Best place on meth

The gutless fucker took most of the bait, but stopped just short of doing what he loves to do most.

His puny marxist brain must have kicked in at the last second.

Guest

Shut It Down Already (original)

Somebody thinks they’re smart.

Member

Slava

But I am here to tell you that you SIDA that you are not smart, so no need to think about it.

Member

Slava

Nah, SIDA is just playing stupid.
It finds the truth revolting, and others expressing the truth very depressing.

Member

Slava

This is an ethnic mafia that you are so far not allowed to shed light on..
But pointing out the Ethnic “Italian Mafia” was/is no problem along with countless Hollywood Movies about their behaviour.
Why not some Hollywood Flicks about the Khazarian (so called Jewish) Mafia. eh?

Guest

Lost,... but not leased

Good to see other VCI poster that GET IT..

Recall the Voltaire quote:

” To learn who rules over you…simply find out who you are not allowed to criticize “.

Member

KickThemOut

Self-promoting ‘Pharma Bro’ sentenced to prison in fraud – who’s next?? Maybe Darth Garth?
https://ca.finance.yahoo.com/news/apos-pharma-bro-apos-lawyer-171323409.html

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Doomcouver

What does this have to do with real estate?

Member

KickThemOut

Seems like Darth Garth having second thoughts?
http://www.greaterfool.ca/2018/03/08/let-it-burn/

Member

kabloona

Garth is all over the map…..blames Governments for creating the bubble, then blames different Governments for trying to reverse it…

He also says US house prices have recovered from the 2008 crash, but the last time I checked, they were still 13% lower than the peak in real terms….

😉

Gotta adjust for inflation, Garth.

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Doomcouver

Sometimes Garth seems to like to pretend he’s smarter than everyone else and can really predict exactly what’s going to happen with our market. I’m the first one to admit that I’m not able to guess 100% when our housing bubble will pop, or exactly how much it will correct.

Member

paulb

http://www.clivestevepaul.com

New
139
Price Change
49
Sold
91
TI:8510

Member

Bag it and tag it

bad week for sales for this time of year

Member

Best place on meth

Sales are truly awful, even in condos now it seems.

But listing are far from “on fire”.

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Doomcouver

Homeowners still think they’re sitting on a gold mine. If you had an investment that appreciated more than 30% in a single year TAX FREE and you expected that to continue it makes sense you wouldn’t want to sell it in a flat market either. As such the sales will likely completely collapse before you see a listing surge. I expect horror stories in the detached market of massive write-downs and failed flips will take a while to permeate the broader market, so condos/townhome prices will likely resist the collapse for anywhere from a few months to a year or longer. Eventually everyone gets burned though, there’s no escaping it.

Guest

See Saw

You must be kidding; condos will crater long before that and quite substantaially, too.

Guest

Bestplaceonearth

When will stupid bears understand? Homeowners don’t care. Their houses are their homes. Stupid bears keep living in the doom and gloom world that results their own failure. Now stupid bears think the NDP is here to rescue them.

Member

Bag it and tag it

Yes, unless they’re boomers and their houses are their retirement savings. They have all kinds of fantasies about how amazing their retirement is going to be based on the current value of their home, but once that starts to erode there could be panic selling amongst that demographic.

Member

Slava

Couldn’t happen to better bunch of these truly entitled fake hippy sellouts.

Member

Best place on meth

When will stupid real estate cheerleaders understand?

“Homeowners” living in their homes who bought their homes to provide a home aren’t the issue.

Speculators, flippers, money launderers and locusts using our real estate market as a casino are the issue.

Member

Slava

It’s ok to vent your frustrations here, if it will help your well-being.

Member

ostritch

Maybe this is a great time to sell and sit it out. We did that in 2008 just before the crash but made the mistake of not buying back in six months later when the market had “bottomed out”. We couldn’t believe that only a 17% decline was the bottom. That’s the rub with market timing. There are two sides to the trade. You have to sell and buy correctly too. Also rents in 2008 were nothing compared to now. It’d take 3K and closer to 4K/month for us to be happy with our tradeoff today. At almost 50K/yr, you’re gonna sit and pray for a fast collapse but you might not get it. A slow decline and you’ve spent several hundred K on rent before you know it. And in our case would have given up a less-than-3% mortgage.… Read more »

Member

Slava

The simple rule is that if the price is still beyond your realistic means, you don’t buy.
Just like that new Lamborghini, that most would not buy, unless they had the means to do so.

Member

Laibach

Anemic boring numbers, market on its deathbed.

Member

Dave

Sales looked bad this past week. Let’s see what some sunny weather does next week.

We have fewer and fewer sales from preapprovals prior to the rule changes and the NDP measures will start kicking in.

I think we really need to see inventory growth to see a correction though.

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numerator

Sales are usually low during periods of low inventory. There is less to buy so less gets bought. Seasonality is not the only variable. Amount of inventory impacts number of sales.

Guest

Confucius

Yeah but sales are down while inventory is flat or up compared to last year. Sales this month have been flat compared to last month, while inventory is rising. This is a very bad seasonally and by sales/inventory wise.

Member

Best place on meth

Inventory was 8167 last March 10, so up about 4%.

Sales are way down though.

Guest

Lost,... but not leased

Listing #’s keep climbing….

Guest

bullwhip29

Vancouver company offers Empty Homes Tax workaround
https://bc.ctvnews.ca/vancouver-company-offers-empty-homes-tax-workaround-1.3837227

Guest

Hibernating Renter

That’s great, it’s like a property management company that guarantees rent and insures against bad tenants.

Guest

Just me

Councillor Steves of Richmond.

“Some of us have been afraid to speak out for too long. We didn’t want to be associated with others making “explicit comments”. When illegal hotels and big houses started breaking our laws we remained silent for fear of being called racists. We can’t ignore the problems any longer”.

Member

Laibach

Just burn the fucking shit. Fucks don’t know what does “enough is enough” mean. They are senseless about others personal space.

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Name

we can thank the vested interests for brow-beating the population with being labelled as ‘racists’ when trying to speak the truth about the foreign locust invasion. and the locusts ran with it because they knew no one would stand up to them.

Member

Best place on meth

Yes, we can thank lowlife vermin on this blog like AIDS the race-baiter.

Thanks AIDS! You fucking piece of shit!

Guest

Shut It Down Already (original)

Yes, using racial slurs is just part of any normal discussion. Right, unemployable dumbass?

Guest

Just me

Actually, I find the problem is quite the opposite of what you say SIDA.
Too many normal and decent people are too scared to publicly support councilor Steves. His only fault is to say out loud what everybody else knows is true.

Member

“Too many normal and decent people are too scared to publicly support councilor Steves.”

I don’t think that’s the problem. I think the problem is that there just aren’t many normal and decent people left in Richmond.

Guest

Just me

Fair enough. But I live in Vancouver and support Steves. 100%.

Member

Slava

Bingo. The “normal and decent people” have all sold out so they were/are part of the problem.

Guest

Shut It Down Already (original)

That’s nowhere even close to the opposite of what I said.

Member

Slava

Who cares what you think or said..

Guest

Shut It Down Already (original)

The idiot who replied, for one.

Member

Slava

There is no no normal discussion with irrational mentally ill trolls.

Member

Slava

But what is with this constant obsession with so called “Multiculturalism” in Richmond.
The FACT IS that it is the opposite of multiculturalism in Richmond. It is a Han Mandarin and Cantonese speaking Majority in Richmond!
Bring back Multiculturalism to Richmond!

All government jobs openings Richmond should be visible minority officially taking preference, (Caucasians and other Non Chinese Ethnic Groups.) This policy should be enforced throughout most of the lower mainland, for the sake of diversity.

Guest

Lost,... but not leased

Richmond is a case study in political whoring.

” Multicultural ” is coded language for politicians selling out their established constituents ( which include a spectrum of citizens from diverse global ancestries aka 2nd and 3rd generation roots yet WESTERNIZED ) in order to achieve office with targeting the various unsophisticated immigrants who are encouraged to colonize Canada.

In essence, since Pierre Turdeau , politicians fear informed voters…and intend to marginalize them with social justice warriors as the infantry…and social engineering as moulding the voter base. In other words….make deal with community leaders who will encourage illiterate immigrants to vote for “X”.

Richmond Council is very adept at “touching their toes” for long periods of time during election campaigns..nudge nudge wink wink.

Member

Bag it and tag it

“we remained silent for fear of being called racists”…great leadership Steves…but at least you’re speaking up now.

Member

http://www.richmond-news.com/news/residents-contend-city-bylaws-being-flouted-by-megahome-developers-1.1831952

“at least you’re speaking up now.”

Steves has been speaking up for years. Read what he said again – especially the “some of us” part. He’s talking about the majority on Richmond council. Look at who was willing to talk about the problem in this article:

Guest

Lost,... but not leased

HAROLD STEVES IS A TAX SCAMMING HYPOCRITE…READ ABOVE COMMENTS I’VE POSTED..

..HE IS DEFLECTING ATTENTION AWAY FROM HIS 40 + YEAR OLD SCAM OF HIS OWN BOGUS FARM !!!!!!

Guest

Lost,... but not leased

Fuck Off Steves …you tax scamming hypocrite..

Typical Leftie trying to deflect attention away from your own scam..you senile MOFO

Guest

bestplaceonearth

So, now moonbeam and his goons know there is only 4%+ of homes are underused or empty. Where the fu%%K did he get 25,000? from his arse? These clowns did this to please the angry internet mob, but they shot themselves on the other foot after. The NDP’s tax the rich scheme will be next. Its new tax scheme will kill the economy first, the people after. Still think the NDP is your friends?

Guest

Hibernating Renter

They’re less my enemy than Crusty was anyway.

Guest

Just me

Hands down true.
Until the BC Libs say they want higher prices and less money from China I will keep voting any other party that can beat them.
Same at the Fed level at the next election.
Enough scams and breaking of the basic rules of the social contract. We need to reinstate the rule of law.

Guest

Just me

Lower prices…

Guest

Bestplaceonearth

What will you do with the lower prices? You had no gutt to buy in 2015,. Don’t expect any change for your status.

Guest

Just me

2015 was already nuts. Now it is in the stratosphere of nuttiness. Why anybody buys, apart from those expecting even more appreciation, remains a mystery to me.

These prices can only persist if we arbitrage housing costs with Shangai or Shenzen. In any other scenario, it is a bubble.

Guest

Just me

By the way, you talk about “having the guts”to buy.
It sounds like pulling the trigger in Russian roulette. And it should NOT be that way.

Guest

Bestplaceonearth

Just wait until they kill the economy, it will move up on your enemy ladder in no time. By then, the damage is done.

Member

Slava

Did you know that forest fires are also a naturally occurring events, as it is nature’s way of cleaning up and renewing a forest?
That is what will happen, and there will be pain, no doubt. But then things will be better. You can always re-qualify for a new career.

Member

Sebastien

The 4% number is based on honour. How many of these absentee owners simply lied?

Guest

Bestplaceonearth

Then by all means, do the audit. What ever these goons do, it will cost them far more than 21$mil the tax bring in. Vision will be made this election.

Member

Sebastien

It depends, if enough people rat their neighbours it might be a real money maker.

Guest

Just me

It is not ratting your neighbor. It is reporting money laundering and criminal behavior. Totally different.

Reporting speculators is the moral thing to do.

Guest

Just me

Enforcement is the issue in BC. We have the laws, but is the political will there?

We don’t live under the rule of law anymore. We have become a resort for foreign millionaires.

Guest

Just me

I also think that the 4% who truthfully declared is a lower bound of the true figure. You always get a fair share of people trying to play the game. Many of the people with empty homes are gamblers and speculators by nature. Many are gambling also with the tax.

Guest

Lost,... but not leased

4 % ??????

BWHAHAHAHAHAHAH
I call BULLSHIT…

Are all the vacant homes boarded up and behind fences part of the tally…I highly doubt it as they would likely be deemed derelict and uninhabitable.

I’d guess VISION will massage the stats as they don’t want facts, as the higher the vacancy the less chance VISION will get re-elected.

Drive around Richmond some evening….check detached and/or multi family….number is at least 50%…..more like 70%…vacant.

Member

Slava

It’s ok, It’s not the end of the world. You can always re-qualify for a new career. No need to vent your frustration here.

Member

Best place on meth

https://thinkpol.ca/2018/03/09/citizenship-industry-rife-fraud-criminality-immigration-consultant-warns/

Citizenship industry rife with fraud and criminality, immigration consultant warns

“Last month, when a federal court judge affirmed a deportation order for West Vancouver mansion owner Xiao Quing Ling and her two sons, whose permanent residency had been renewed based on incorrect information, the problems with immigration scams were once again brought into stark focus for the public[2].

But Khadempour says, sadly, it’s a situation citizenship professionals are all too familiar with.

“It hasn’t really made waves in the industry,” he said of the case. “Things like this happen all the time.”

Guest

Just me

What a sad state of affairs.
Our Federal government is turning a blind eye and condoning these scams.
Prosecution is weak. Rule of law disattended.
And the usual suspects take advantage of the system.

Member

Bag it and tag it

Yup, they simply react when somebody else finds out about a case…they don’t actively try to seek out the fraudsters by setting up sting operations to nab these consultants.

Guest

BubbleTea

Remember” Immigration mega-fraud: the rich Chinese immigrants to Canada who don’t really want to live there” from 2015 SCMP
http://www.scmp.com/comment/blogs/article/1883085/immigration-mega-fraud-rich-chinese-immigrants-canada-who-dont-really
Wonder what the government had done? My guess is nothing.

Guest

BubbleTea

Sad day for Vancouver. Sam Cooper is leaving for Global in Ottawa. Who will take his place or step up,

Guest

Just me

Housing is cheaper in Ottawa.

But seriously, this is a set back. Just when things wete picking up momentum.

We need more people like him. Honest reporters who don’t work for Capital Direct.

Guest

See Saw

That’s a laugh; he worked/works for Postmedia News, the biggest RE shill outfit around (except for you, of course).

Guest

Just me

You are confused. Sam Cooper has shown the malfeasance and rot in Vancouver. In detail.

If you want lower house prices, you should support him, not fight him.

I doubt you really want lower prices.

Guest

See Saw

Don’t tell me what I “want” or “don’t want”, Shill.

Guest

Lost,... but not leased

Want and need are two different things , …….Wizard Of Oz character inspiration.

Guest

Shut It Down Already (original)

Both he and Douglas Todd are bitter that being a hack at a third rate publication doesn’t entitle them a rockstar lifestyle. Boo hoo.

Member

Best place on meth

Says the CNN loving asshole.

Guest

Just me

Sam Copper and Douglas Todd are the cream of the crop. People read them and respect them.
You instead…probably a third rate RE agent, or a failed bitter academic.

Member

Bag it and tag it

Global eh…hmmm..I wonder if the RE Cartel used their influence with Global (a very pro-RE outlet) to make Sam an offer he can’t refuse to get him off the case here…hmmmm

Guest

Lost,... but not leased

Re Sam Cooper…..my guess is he did such a good job exposing RE and immigration situation that vested interests are complaining, so he is shown the door but a parachute with another employment opportunity.

Cooper’s exposes’ has basically done what Eby and the RCMP should have done, but with Cooper gone who is left to keep the issues at the forefront and thus maintain pressure on NDP + Eby to do something other than promote class warfare ?

If the NDP were to start criminal proceedings , that may put a bigger(and long overdue) damper to cool the RE market than the leftie “tax the problem” tactic.

Cooper gone =Our loss, depending if he still reports on what goes on in BC.

Member

southseacompany

http://www.cbc.ca/news/canada/british-columbia/speculation-tax-bc-housing-affordability-davidoff-ubc-1.4570212

“Economist pleased to see measures he proposed included in B.C. speculation tax’, CBC

“They changed the name of the tax, but UBC economist Tom Davidoff was pleased to see the measure he helped devise largely adopted in the B.C. government’s speculation tax.’

“”We have a tax system today that says, “come here to buy property, but we’re really going to hit you with the taxes in income and sales taxes, if you live and work here.””

“And what does that do? It just encourages people to buy property as second homes, because it’s tax smart to buy a second home but not so smart to live and work in the province.””

Guest

Just me

Amen. Tom said it.
If you bring wealth and hide it in Vancouver, no taxes.
If you wake up on a rainy Monday morning to go to work, be prepared to pay through your nose for your income taxes.

Vancouver in March 2018. Something that the NDP is finally trying to change.

The NDP needs to resist the temptation to lighten the tax load on second homes of BC residents. If they implement a tough reform they will get way more votes. Guaranteed.

Eby got it right: he must be the most popular politician in the lower mainland.

Guest

Bestplaceonearth

Again, the NDP always go against the business and the rich just to please a small group of people. And the free loaders love it on the cost of others..

Member

Bag it and tag it

Small group of people? The majority of BC is not small. Owners of 2nd homes…I believe this is the small group of people you want the NDP to keep happy, yes?

Guest

Just me

No small group of people. David Eby and the speculation tax are the most popular thing in Vancouver proper since the Beatles!

Member

Slava

Please repeat your comment here three times to yourself, and you will be back in Kansas.

Guest

Lost,... but not leased

Re Davidoff…

WTF happened to old Tsur Sommerville…????
…..were people tired of his “Sauder” shilling.??
…new face needed ???

Guest

Just me

Love the comments to the article. This picks the top prize:

“If one can afford a second home in Vancouver, one can afford a speculation tax. Bottom line.”

Short, sweet and true!

Guest

Bestplaceonearth

If one cannot afford the first home, work harder, and learn to manage one’s finance with descipline.

Member

kabloona

Exactly….and best way to save up for a 2 million dollar shack in Vancouver is by avoiding indulgences like avocado toast.

Cut out the Avocado Toast, soon you’ll have enough for a down payment in no time!!

😉

Member

Best place on meth

If you can’t afford to live here, move.

I’m sick of freeloading homoaners.

Guest

Just me

Homeowners want to appreciation and the privilege, but not the taxes like everybody else.

Housing is a sacred cow: tax everything else but houses!

Guest

Shut It Down Already (original)

If one can afford to eat anything other than KD every day, one can afford a luxury tax. Bottom line.

Guest

Just me

It is not like the DR ordered you,to hoard different houses.

If investors have to divest, they will get a lot of money that they can use for more socially useful investments. Buy shares in biotech companies who cure diseases!

Guest

Just me

http://vancouversun.com/opinion/editorials/editorial-delay-b-c-speculation-tax-for-a-year

Have you guys seen this?

Editorial: Delay B.C. speculation tax for a year

Guest

Just me

“In the absence of any analysis, the only winners from the government’s speculation tax appear to be speculators who pay the tax only once by selling a property quickly while owners who hold it will have to pay the tax year after year. Obviously, that is not what the government intended.”

Guest

Just me

This is blatantly false. And I cannot believe they put it in a editorial!

Ask any economist at UBC and SFU and they will tell you that long term owners of second properties are the problem. They are the ones who permanently remove housing stock from the market and sit on it while it appreciates.

Short term speculators are annoying and greedy, but prices do not reach the levels we see in Vancouver because of short term speculation.

We have a hoarding situation. The tax will help greatly in this respect and should not be delayed.

Guest

Just me

If the NDP hold their helm straight, they will gain (rather than lose) votes. It is a fact.

Guest

Bestplaceonearth

Fact for the free loaders…and kill the economy.

Guest

Dyugle

Best place on earth to hoard real estate . You left out the last part of your name. Spec tax will fix it though.

Member

Slava

And collect much needed taxes from the most deserving to be taxed.

Guest

Shut It Down Already (original)

“Ask any economist” is a pretty lazy argument given that you’re giving your own opinion, not that of an expert. I’d personally disagree and say that those who buy and hold second properties are generally doing so is vacation hotspots rather than in areas where those who live and work are finding housing unaffordable. You just don’t like people who are better off than you. Ask any economist if you don’t believe me.

Guest

Just me

Davidoff said exactly what I wrote just a couple of days ago on the morning CBC program with Stephen Quinn. Go find it if you want corroboration, I am not your nanny.
Over time other economists both at SFU and UBC have supported the current NDP proposal. Exactly on the grounds that it brings back much needed supply by forcing “hoarders” to make homes available or sell them.

Member

Slava

It’s just SIDA playing stupid again, as it is in denial about its situation.

Guest

Just me

And for the record, I have a lot of respect for people who become rich by contributing actively to society. Not so much for house market speculators. And for me a speculator is an individual who acquires mostly for future appreciation, possibly holding multiple years

Guest

Bestplaceonearth

What wrong with buy and hold? It’s called investment. No wonder your $65k in 2015 becomes $65.1k now. You got no balls, go hide and wait for freebies from the NDP .

Guest

Just me

It is called hoarding. And it uses houses as gold bricks.

Exactly why this legislation is badly needed.

Guest

bestplaceonearth

Fast ferries version 2 is coming to a store near you! Freeloaders do not care as their NDP comrades will take good care of them.

Guest

Shut It Down Already (original)

It’s not hoarding because we know that most of these houses get rented out. You’d think after so long hanging around here you’d have learned a thing or two by now….

Guest

Shut It Down Already (original)

That’s everybody in today’s market, moron.

Guest

Just me

Exactly because we let this thing grow out of control. So, everybody should stop speculating.

The fact that many people do,something, does not make it right.

Time for things to change. A lot.

Guest

Road Warrior

An “econo-missed” is a paid shill for the banks, insurance companies or RE companies.

Guest

Bestplaceonearth

It’s not the NDP money at the first place. Of course, The freeloaders love these taxes..

Member

The biggest freeloaders are the assholes who don’t declare income and send their kids to public schools and use BC public healthcare while not contributing to society. The NDP is very much working on this problem and it looks to me like you and yours have your tighty whities in a bunch as a result. I don’t think I’m imagining that pumper vitriol is on the rise on this and other boards. I’ll count that as another leading indicator.

Member

Slava

SIDA knows, it is just playing stupid. It’s a common butt-hurt troll tactic. Best to ignore.

Guest

Shut It Down Already (original)

“Butt hurt”? You must be 12.

Guest

YVR

In the absence of any analysis, the only winners from the government’s speculation tax appear to be speculators who pay the tax only once by selling a property quickly while owners who hold it will have to pay the tax year after year. Obviously, that is not what the government intended.”Te spec tax has two objectives. One is tax revenue and the other is to get speculators to sell.

Actually this is what those who designed the tax intended. Get some people to sell and prevent others from buying (lower prices) and tax those that don’t sell (more revenue). Either outcome is fine.

Guest

Lost,... but not leased

The real issue/question is the NDP……in Gov’t for almost a year. Have they created legislation they will have to backtrack on? (my guess is yes). It appears via the current backlash that they have f*cke d up….so this is the gov’t we are to have any faith in for next 3 years, especially with Weaver’s “3 bullet “gun to their head ?

ALSO: Listening to recent Jim Goddard interview with COV councillor Bremner.

Says COV has 16,000 employees
COV, based on BC NDP budget, will have MSP obligations that may force COV to raise property taxes by 1+%…..so as usual NDP will have hands in your pants one way or the other.

Also…Burnaby reserves equate to $ 2900 per person
COV reserves is (-) $430 per person

Member

Bag it and tag it

Backlash? From the 1%? They are entitled whiners however that feel they should have it all and everything should always go there way, and they make a lot of noise when it doesn’t…but they don’t have much power to influence elections.

Guest

Shut It Down Already (original)

If it’s 1% then their behaviour and any tax revenues from them are inconsequential.

The have-nots unfortunately have been sold a myth that there are enough 1%ers to pay for the other 99. It’s just what they want to hear.

Guest

Just me

If we can reduce prices, or at least stall them, the legislation will have achieved its purpose.
The 1% or whatever does not mean anything, all that matters is to stop the indecent and criminal behaviour of housing investors, foreign and local.
Houses are for living. If you want to invest and gamble there are many other ways.

Many people are pissed off because their tax free gig is coming to an end. They were making money without working. Who wouldn’t want that to continue?

Guest

Shut It Down Already (original)

It’s criminal to speculate? You’re always such a drama queen.

Guest

Just me

Yes. In a city like Vancouver where people struggle to,find even decent rentals, it is criminal in my view. Certainly something the government should significantly reduce through any means available.

You are indecent to suggest otherwise. The fact you have nice housing does not mean everybody does.

Guest

Shut It Down Already (original)

Who do you think owns the rentals?

Guest

Name

REITS

Guest

Name

and speculators

Member

Bag it and tag it

It’s not about the revenue, it’s about discouraging multiple homes.

Guest

Shut It Down Already (original)

Read what I said again.

Guest

Just me

I am not sure what your point is.
But for the NDP housing policy, I can confidently say this: the only reason there is such a backlash is that they proposed legislation with actual teeth. People will have to pay real money, as it should be.
If you can afford to have a second home in Vancouver, you can afford the extra tax.

The BC Libs would never propose such legislation because they don’t want to have lower prices. Period.

Guest

Lost,... but not leased

Politely disagree…

Back in the Pre HAM days ( pre1986 ), many of us refer to what was perhaps THE last domestically fuelled RE bubble in the late 1970’s/ early 1980’s and the 20+% interest rates.

House prices collapsed..many with 50+% haircuts.
So….”speculation” was curbed….and many people could NOW afford to buy a house…………………. right ???

Isn’t that the so called being “logic ” being promoted here ?

Member

“ALSO: Listening to recent Jim Goddard interview with COV councillor Bremner. Says COV has 16,000 employees COV, based on BC NDP budget, will have MSP obligations”

CoV, like most other large employers (union or non-union), already pays the MSP premiums of its employees. So what will change is how they pay them. An argument fitting of his mentor Christy.

Guest

Lost,... but not leased

Just reflecting what Bremner said…
Keep in mind he is the party that suggested West Point Grey be rezoned to higher density.

Re MSP….the NDP is doing a lot of assuming that the private sector will ” be around” to fund 80% of the MSP, as the public sector covers 20%.

If private sector cannot shoulder the burden…then taxes go up…and NDP again exposed as incompetent. ..in line with past BC NDP gov’ts.

Guest

Bestplaceonearth

I hope those that turned out against twinning the pipeline this afternoon don’t drive, and don’t use any products made from petroleum based,. And they don’t ask more money for affordable housing, health care, or education. And They don’t turn themselves into a bunch of hypocrites.

Member

Your premise is false, sir, as is your conclusion. Resisting this pipeline does not mean saying to to oil everywhere and anywhere. Nice try. Come again.

Member

* Resisting this pipeline does not mean saying no to oil everywhere and anywhere.

Guest

Bestplaceonearth

So it’s ok to pump up oil in Venezuela, Kuwait, but not ok to transport oil from Alberta to the west coast, and sell it to the world? You failed.
I read somewhere, Canada lose 23$mil a day for not being able to sell oil to the world.

Member

1) “So it’s ok to pump up oil in Venezuela, Kuwait, but not ok to transport oil from Alberta to the west coast, and sell it to the world.” Looks like you have some comprehension skills there. Pipeline to the Texas coast is on the way.
2) “I read somewhere”….. and I’m the one who failed. Got it.

Guest

Bestplaceonearth

So it’s ok to build the pipe line downsouth, but not over to the west coast then right? And the west coast just sit and enjoy the bigger share of federal tax transfer right? What does everywhere and anywhere mean to you? I guess, as long as the line is not near your house, you are ok anywhere else. You failed again.

Member

You clearly didn’t understand my post or are deliberately misrepresented it. Re-read it. You’ll find I’ve responded to your points. M a y b e I ‘l l t y p e t h e m s l o w e r n e x t t i m e f o r y o u.

Member

Best place on meth

Alberta should be selling their oil to their brothers in eastern Canada, not to fucking china men.

Build the pipeline east.

Guest

Shut It Down Already (original)

And you make sure you tell them that, genius.

Member

Best place on meth

Fuck off and die you worthless piece of shit.

Member

https://en.wikipedia.org/wiki/Energy_East

Guest

Shut It Down Already (original)

And?

Guest

Shut It Down Already (original)

Just near where you live?

Member

Yes… and up and down the entire west coast a ways.

Guest

xhistory

How much oil and LNG, if any, is moved by railcar.. Where and when?

Guest

Lost,... but not leased

Re: Pipeline….my 2 cents is why don’t they at least refine the commodity(bitumen) before shipping … instead of trying to ship something that is valued at around $8 barrel.

What is more amusing is Alberta NDP pissing match with BC NDP.
IMHO…BC NDP “future” will be foreshadowed …..forewarned ???…by Notley and crew…with an election in just over a year..(May 2019)..and the disaster of BC NDP ” farm team ” aka COV VISION. ( civic election Fall 2018 )

VISION and Notley will be desperate for votes….
BC NDP have to look at VISION…10 years at the helm and things have gotten worse.

I give the BC NDP another year….I predict they will plummet at the polls…and Weaver will have to make a very VERY sober decision..(you- know -what)

Member

Artcle -> http://www.vancourier.com/opinion/the-most-over-the-top-description-of-vancouver-real-estate-development-we-ve-ever-read-1.23196996

Best tweet about this story was, “Sweet jesus, I just found my dream job: writing prospective homeowner fanfiction.”

Guest

Bubble

Page removed: http://blog.gryphonliving.com/2018/01/15/starting-westbury/

Guest

Just me

Just reading this drivel is enough to support higher taxes on luxury/expensive homes.

Does anyone really think like the people in this advertisement story? Are there really people so deranged?

Guest

Bubble