Friday free-for-all! April 27th 2018

Hey it’s almost summer!

It’s also definitely the end of the week and that means it’s time for another friday free for all, our regular end of the week open topic discussion thread for the weekend.

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

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Oracle
Guest
Oracle

Are prices lower than 1 year ago when NDP and Greens won power?

If yes, then success.

If no, and you are cheering the NDP GReens then joke is on you.

Whister or Bust?
Guest
Whister or Bust?

Says the troll who voted for them.

Royce McC
Guest
Royce McC

“Are prices lower than 1 year ago when NDP and Greens won power?”

Since I’m only going to participate in this market to acquire a detached place, then the answer is yes (though I don’t attribute that outcome entirely to them). Any other questions?

Also, the month of May starts tomorrow and I’ve got a new VCI bingo card. I’m thinking I’ll be able to cross off three squares within the first week:
– Oracle makes a comment about leaving/ not posting here often while also representing >10% of post volume on a given thread
– Oracle references “sources”
– Oracle makes at least ten references to people being duped by the NDP/Greens on a single thread

Don’t let me down buddy!

bullwhip29
Guest
bullwhip29

‘An absolute gong show’: Move over Vancouver, Whistler is now Canada’s craziest housing market
http://vancouversun.com/real-estate/whistler-now-tops-vancouver-as-canadas-craziest-housing-market/wcm/76f7a2b2-7b0d-412a-9789-fd805c6c3719

Name
Guest
Name

Our whistler rental 2 bedroom condo was assessed at $723,000 last year and it sold this march for $1,250,000

Name
Guest
Name

PS: when I say “our Whistler rental” I meant it is where we rent when we go to Whistler. We do not own it.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Maybe Whistler Or Bust blames foreigners for making him buy at close to the market peak?

Whister or Bust?
Guest
Whister or Bust?

We bought in Jan 2015.

Our place is in a family neighbourhood and sadly all these price increases have done is drive out local families. It was a huge stretch for us to buy when we did and only could because we have a rental suite. Every house sold now is not being bought by families like us.

It means nothing that prices are up as we aren’t selling as we will likely retire there. All it means is less families, and higher taxes.

Just me
Guest
Just me

If all homeowners were as intelligent as you showed to be in the last post, Vancouver would be a much better place to live in.
Homes are for housing families and people who work and create a community, not to use as a chip in the worldwide casino.

Name
Guest
Name

Except that WoB does not live in Whistler. He apparently rents in Vancouver so IMO he is part of the problem in Whistler; absentee owners who live elsewhere buying property in Whistler and driving up prices while letting the property sit empty.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Exactly. Even though it has a suite the remainder of the property is unavailable to local families.

Whister or Bust?
Guest
Whister or Bust?
Ok I’ll bite. Not because I care what you think but I will because I am a semi-active member of this site. You are correct I do rent in Vancouver. You are entitled to your opinion that I am absentee owner but between our use and that of friends and family (that we are happy to allow to use it) it is occupied about 200 nights a year. The rental suite which is being rented out (at a reasonable and fair rate) to two young people is occupied 365 days a year. We recently allowed the tenant’s family from St. John’s to use it for free for a week. Unlike many owners who simply removed their suites or are charging ridiculous rents to desperate young people who simply want somewhere to live we believe we are part of the solution… Read more »
Shut It Down Already (original)
Guest
Shut It Down Already (original)

I’m guessing your friends and family don’t live in Whistler either, so that occupancy figure is irrelevant.

bestplaceonearth
Guest
bestplaceonearth

well, if you are so smart, why are you still a basement dweller?

bestplaceonearth
Guest
bestplaceonearth

“It means nothing that prices are up as we aren’t selling as we will likely retire there”

Can you explain this to the stubborn bears in this blog, hopefully they can understand it.

bullwhip29
Guest
bullwhip29
Name
Guest
Name

Metro Vancouver gas prices set North American record

Woo Hoo!! We are #1 in gas prices!

http://www.news1130.com/2018/04/30/gas-prices-north-american-record/

bestplaceonearth
Guest
bestplaceonearth

Thanks partly to the NDP!

Dave
Member

2018 is the year of the Squeeze. Everything is going up in price. Wait until you renew your car insurance. I just bought a new car and so I renewed. Cost was way up.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Mine was the same.

Whister or Bust?
Guest
Whister or Bust?
That’s because you have had 11 accidents and already have a 600% surcharge due to your poor driving record. I understand you will be targeted in the new changes being made to ICBC. Or…… You live in China and don’t own a car. Is this you: They are the most hated group in Chinese cyberspace. They are, to hear their ideological opponents tell it, “fiercely ignorant,” keen to “insert themselves in everything,” and preen as if they were “spokesmen for the country.” Westerners bemoan their propensity to beat the drum of nationalism, bombard Chinese liberals with personal attacks, and pollute online dialogue with wave after wave of strident propaganda. While their ranks have been unknown and their precise inner workings uncertain, at least everyone agrees on their name: wumao, or 50-centers, slang for the 50 Chinese cents they allegedly receive… Read more »
Shut It Down Already (original)
Guest
Shut It Down Already (original)

Get help.

Whister or Bust?
Guest
Whister or Bust?

The carbon tax is a big part of this:

The $5/t increase is a compromise the BC NDP struck with the Green Party, as the Green platform had originally proposed a $10/t annual increase. The carbon tax has stuck around $30/t since 2012 as the previous BC Liberal government showed no inclination to increase it further other than to match the federal carbon price floor in 2021.

Just me
Guest
Just me

Douglas Todd: Immigration disappointment looms for Canada’s young foreign students

http://vancouversun.com/opinion/columnists/douglas-todd-immigration-disappointment-looms-for-young-foreign-students

Just me
Guest
Just me

“Burnaby immigration lawyer George Lee agrees that the latest trend in China and other countries is for many parents to send their children to Canada to attend high school and even elementary school, so that they will be at a competitive advantage when later applying to immigrate.

“Since they are coming as young children,” said Lee, “their parents believe they will adapt much easier to Canadian culture and language and the workplace” and thus be ranked highly when they apply for permanent resident status. Most Chinese foreign students who are minors, Lee added, have the added pressure of knowing their parents expect them to eventually sponsor them to immigrate.”

Just me
Guest
Just me

““The math says you’re soon going to end up with 250,000 people who came here when they were aged seven, nine and 11 and now they’re 22, 23 and 24 and they’re going to college and they’re going to get a three-year work permit and most of them are likely to apply for permanent residency,” Kurland said.”

Shut It Down Already (original)
Guest
Shut It Down Already (original)

Why would Canada want all those skilled educated young people anyway?

Doomcouver
Member
Doomcouver

Yeah, not like we’ve got a demographic problem and no one to pay taxes to support geriatric European Canadians…. I’m no fan of our immigration system, but giving residency to highly skilled foreigners that want to work here doesn’t seem like the worst idea. They work here, they pay taxes here, they buy things in Canada, and if they came here when they were young they are fluent in English. Sadly most of them will want to move to the USA or back to China to make more money. Canada’s wages are too low and our cost of living too high for most highly skilled workers to stay.

Name
Guest
Name

Massive immigration is not good for the country or the economy. If it was just a numbers game then India and China would be the best countries in the world to live in and they clearly are not. Some immigration of people with the right type of skills is good obviously but not the open door immigration policy of come one come all that we promote here in Canada.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

China and India are not exactly popular destination countries for immigrants.

What’s more, Canada does not have the open door policy you’d love to present it as. There are criteria that have to be met. The bar isn’t exactly low, either.

Just me
Guest
Just me

Canada is the world’s fourth most popular destination for foreign students, according to Project Atlas. There are 140,000 Chinese students in the country, with more than 50,000 in British Columbia, which hosts one quarter of all the country’s international students. The second largest cohort is from India (130,000), followed by much smaller numbers from South Korea, France and Vietnam.”

Just me
Guest
Just me

“Canada is going to get far too many permanent resident applicants from foreign students, Kurland said, with Lee adding that the trend among Mainland Chinese parents “is to eventually follow their children” to Canada “while investing in the local housing market and transferring their assets overseas.”

Disgruntled
Guest
Disgruntled

Nothing to see here. As long as we call them immigrants it doesn’t count as foreign money. #welcometoCanada. Trudeau you’re doing a great job. Keep that door wide open.

Just me
Guest
Just me

“As long as we call them immigrants it doesn’t count as foreign money.”

You nailed it on the head. It is not the passport, it is the source of the money that matters.
The sooner we accept this fact and do something about it, the better.

Name
Guest
Name

Justin Trudeau announces new Amazon Vancouver headquarters to bring 3,000 jobs

https://globalnews.ca/news/4176455/vancouver-amazon-headquarters/

I’m not sure why selfie ‘Justin Trudeau’ is announcing this since it’s Amazon that’s actually announced it. But anyways it begs the question where will they get 3,000 new tech workers when they can’t afford to live here? But I am glad to see the old post office building being re-purposed for this new venture.

Shut It Down Already (original)
Guest
Shut It Down Already (original)

They’ll pay salaries which allow people to live here. So that puts additional upward pressure on rents.

Royce McC
Guest
Royce McC

I’d like to believe that they would pay good salaries, but recalling that the city’s HQ2 bid bragged about how little people are paid here, I have my doubts.

http://nationalpost.com/news/canada/city-of-vancouver-criticized-for-boasting-about-low-pay-of-its-tech-workers-in-amazon-hq-bid

Shut It Down Already (original)
Guest
Shut It Down Already (original)

That’s a comparison made against tech workers in other cities rather than against non-tech workers in Vancouver.

Royce McC
Guest
Royce McC

Fair point. And it might mean more bodies competing for shelter. I will remain curious as to just how far the pay for those 3k new jobs will go towards “allow[ing] people to live here”.

bestplaceonearth
Guest
bestplaceonearth

Amazon management did not read this blog. Workers leave this town in drove lol, and they are setting up new shop here! What gives?

C.Junta
Member
C.Junta
Amazon in Vancouver. Some thoughts based on many years of observations. 1. There will be a big number of white collar TFWs. Yes, big chunk of Amazon Vancouver software folks are foreigners who were either denied H1B (unlucky ones) or deliberately have chosen Vancouver over Seattle (stupid ones). Funny enough, most of those “unlucky” start looking south there very first day at work and eventually (within a few years) either get transferred to Amazon Seattle or find an H1B position in the Valley or in Seattle with another company (they use Vancouver as a base for flying to US job interviews). Why do they look south? Right, because life is expensive here and compensation is 2-3 times lower than down south (this is NOT an understatement). Also, turnover rate in Amazon is relatively high (regardless of the location), so those… Read more »
Doomcouver
Member
Doomcouver

Their workers will be able to live here, but most of them won’t be able to afford to buy here until the real estate market crashes. Amazon won’t be opening this office until 2022 which means there’s 4 years for the housing implosion to happen. It might help to shorten the length of the crash though if high paid tech employees start arriving in a dead real estate market. They’ll have money to spend where anyone whose wages were tied to real estate will likely be hamstrung by unemployment and poverty.

Sebastien
Member
Sebastien

Amazon is one of the world’s worst employer. Only 15% of employees last more than 5 years and some got fired for attending funerals. The NYT made a piece on that. How is this good news?

Oracle
Guest
Oracle

USA no renwing many H1B Visas so those workers will move here as TFWs and IMPs.

Best place on meth
Member
Best place on meth

“Justin Trudeau announces new jobs that had nothing to do with anything he did”

paulb
Member

New
375
Price Change
101
Sold
163
TI:10459

http://www.clivestevepaul.com

Diadora
Guest
Diadora

Love this tweet from Barry: Just received an email from @CityofVancouver asking for my feedback on how they should use the $30 million revenue from EHT. I would suggest using the money to create an enforcement branch to collect the $70 million you’ve left on the table.

bullwhip29
Guest
bullwhip29

Are foreign buyers being ‘scapegoated?’ This B.C. senator thinks so
https://globalnews.ca/news/4178140/foreign-buyers-scapegoats-bc-senator/

Just me
Guest
Just me

Yuen Pau Woo Does not represent the views of the majority of British Columbia, and he certainly does not represent me. In fact, I resent the fact the current government installed this person in such a high profile position for motives that, at least partly, have to do with the relentless pursuit of diversity. One would expect that the government appointments to the senate are done with at least some attention to the objective of having someone whose views align with those of the people he/she represents. One might argue this would be the primary and over-riding objective.
Sadly, Yuen Pau Woo does not even come close to represent BC residents. And he is making a mockery of himself and his office.
Thanks Trudeau.

SilentBob
Guest
SilentBob

Look at the most recent census. I think he represents the lower mainland perfectly.

Best place on meth
Member
Best place on meth

Thank you for your insight, Senator Communist China Man.

The motherland thanks you as well.

Specuskeptic
Member

https://www.theglobeandmail.com/amp/canada/british-columbia/article-british-columbia-considers-halt-to-exclusive-access-for-condo-presales/?utm_medium=Referrer%3A%2BSocial%2BNetwork%2B%2F%2BMedia&utm_campaign=Shared%2BWeb%2BArticle%2BLinks&__twitter_impression=true

“Forcing developers to make preconstruction condo units available to all potential buyers at the same time and the same price is something B.C.’s Finance Minister says she is open to trying in order to help make real estate more affordable in and around Vancouver. ”

Where and when folks are ethically challenged, we need rules to disincentivise malfeasance. I can’t believe there aren’t common sense rules around this already… but, somehow, I can believe it considering rules around campaign funding (until recently).

Whistler or bust?
Guest
Whistler or bust?

Wow the NDP acting on another Globe and Mail article? Its like they need to be told what to do.

Perhaps Kathy T should replace that dried up union hack Carole James?

Best place on meth
Member
Best place on meth

The alternative is having the Libcreds NOT act on anything.

Try to be more appreciative of the current government.

YVR
Guest
YVR

We should appreciate Eby stating prior to the election the BC Liberals were corrupt for not implementing the foreign buyers tax on presales and then after the election the NDP does the exact same thing. You are easy to impress. I would hate to see what the NDP would have to do to disappoint you.

YVR
Guest
YVR

Don’t confuse acting with political spin after getting caught and called out. I suspect we have a new study coming.

Best place on meth
Member
Best place on meth

You’re incorrigible.

YVR
Guest
YVR

Sorry the NDP cheer leading team is all full. You should be more appreciative of someone who comes here to point out what you are unable to see for yourself due to your hyper political partisanship. You will thank me later.