Its Tuesday

Huh. Step away for a week and we hit over 1000 comments on that last thread.

Well here’s a new thread to reset a bit.

Does this feel like a lull in the market or a turn? What are you seeing out there in the streets and micro condos of Vancouver?

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[…] –10k y’all […]

paulb
Member

New
211
Price Change
73
Sold
133
TI:10006

http://www.clivestevepaul.com

Best place on meth
Member
Best place on meth

The most interesting thing about this April is the steep drop in sell/list ratio from March.

Usually the two months are very close, 3 or 4 points apart.

So far the April ratio is 45%, dropping from 59% last month, hence the climbing inventory.

Just me
Guest
Just me

Anybody remembers the month/year in which we last crossed the 10k line?
If you do, let us know.

Specuskeptic
Member
Just me
Guest
Just me

Thanks guys. Based on the graphs it seems that:
1. Both in 2016 and 2017 total inventory in Greater Van never crossed the 10 k line, meaning that it was always lower.
2. The last time we crossed the 10k line (from above) was in September 2015.

So, it seems this is the first time in over two and a half year that we are above 10k.
Worth a little celebration, I guess.

Specuskeptic
Member

Also, breaking past/through other trend lines. There are other points where they cross each other, but this one seems to indicate a more aggressive uptick in for sake stock than usual. Can’t really extrapolate that going forward though. Things can break up or down fairly quickly.

Oracle
Guest
Oracle

This is not stocks. There are no algorithms. RE is not liquid. There are no computer sell signals.

Let’s it try to make ridiculous comparisons.

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

And that nonsensical analysis barely works for stocks, too. How many articles have there been about the “dreaded death cross” in this bull market? Anybody who traded those “signals” lost money.

Oracle
Guest
Oracle

Not*

Screwed
Guest
Screwed

July

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

Google, dumbass.

Sebastien
Member
Sebastien

You’re mad bro?

Bag it and tag it
Member
Bag it and tag it

Bull anger-meter in the red is bearish

Just me
Guest
Just me

As usual, SIDA-Garth adds no information to the blog. Only insults and venomous remarks. What a sad individual.

If any of the more data inclined posters have that info, it would be much appreciated.

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

You’re just so fucking lazy you can’t even be bothered to do basic research before asking other people to do it for you despite the stats being posted and archived here daily. And you wonder why you’re not successful.

Bag it and tag it
Member
Bag it and tag it

more anger…consider decaf

Just me
Guest
Just me

SIDA-Garth, do I get on your nerves? Or are you just jittery about the money you are losing in the RE market?

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

I have no money in the RE market and stand neither to gain nor lose from any changes in market direction. Likewise my employment is completely unrelated. Will I have to spell this out for you again soon? Probably.

Best place on meth
Member
Best place on meth

Yes, that was a brilliant post I must say.

Two words, one of them an insult of the name calling variety.

Well, what do you expect from AIDS?

Oracle
Guest
Oracle

https://www.spencerfernando.com/2018/04/19/illegal-border-crossings-set-to-increase-to-400-per-day-as-trudeau-government-refuses-to-take-action/

Illegals are now crossing at a rate of 12,000 per month. Just like I predicted a few months ago.

Add that to the 340,000 immigrants we are going to accept this year and you have close 500,000 people/Year.

And that doesn’t include the millions of 19 yr visas being given out. Or the hundreds of thousands of students. And IMP, TFW, Supervisas.

Gong show Canada.

Sebastien
Member
Sebastien

Oracle, are you involved with Immigration Watch Canada? You’d fit right in. It seems that you obsess over immigrants.

Oracle
Guest
Oracle

That’s cause that’s the cause of the ridiculously high prices in Canada.

Oracle
Guest
Oracle

And rents will only go higher. Where you going to house everyone. They will love 6 to a condo. Will you?

Lost...but not Leased
Guest
Lost...but not Leased

Sounds like Turdeau is hell bent on creating a mess like California..”sanctuary Cities”. The whole state is going down the sh*tter.

Illegals given amnesty and free ride worked well in Sweden and Germany etc..right???

The web site you cited has a story about a guy who bought beer in another province , took it to another province, and is getting charged.
This is Canada’s future…..middle class is a threat and will be eliminated……read it and weep.

Ken
Guest
Ken

http://www.cbc.ca/news/canada/british-columbia/real-estate-vancouver-sold-sign-1.4625080

Realtor reprimanded for forcing buyer to display SOLD sign for a year. Pathetic.

Laibach
Member
Laibach

Fucks are full of nasty and bizarre ideas . What will be the next after sisters and this in their repertoire , contract stating that seller’s dog goes with house to be eventually served as an appetizer at the buyers housewarming party?

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

You sound even more drunk than usual.

Laibach
Member
Laibach

In vino veritas, stultus!

Boom
Guest
Boom

Happy 10k

Name
Guest
Name

Wife of real estate developer gets $95,000 monthly alimony in Quebec divorce

http://www.news1130.com/2018/04/19/wife-of-real-estate-developer-gets-95000-monthly-alimony-in-quebec-divorce/

“Of that amount, $75,000 is intended for her needs, while $20,000 is destined for the couple’s two children, aged 15 and 20.
The total sum equals more than $1.1 million a year.”

She screwed him in more than one way …

Rabbit One
Guest
Rabbit One

I thought this is same case, but West Van realtor. Yesterday’s B.C. court judgement.
Large spousal / children support

http://www.courts.gov.bc.ca/jdb-txt/sc/18/06/2018BCSC0615.htm

https://www.soprovich.com/i-1/at-home-with-jason-soprovich.pdf

Lost...but not Leased
Guest
Lost...but not Leased

Interesting story….
…….moreso that they ended up in Quebec, as opposed to elsewhere.

Olde Joke…if it Flies Floats or F*cks……..rent it !

Name
Guest
Name

http://www.news1130.com/2018/04/19/metro-vancouver-home-ownership-rennie/

.@RennieVancouver VP Andrew Ramlo suggests media have misreported ‘rampant’ sales to #foreignbuyers. He says prices started to drop in March 2016 -before tax took effect and #MetroVancouver sales to foreigners only 5.4%. We’ve heard this before. #VanRE pic.twitter.com/cEkZ1oPgqO

— Marcella Bernardo (@Bernardo1130) April 19, 2018

sales to foreigners only 5.4% not likely and we all know prices began to drop in March 2016 because chineeze money dried up.

See Saw
Guest
See Saw

Why so surprised? It’s true; you just happened to get sucked into the “foreign buyers are responsible for this mess” BS. You’ve been “had”, buddy.

Just me
Guest
Just me

You are right a SeeSaw. We should invite more mainland Chinese to invest in our real estate market. We don’t have enough. Right?

See Saw
Guest
See Saw

Oh, and everyone only too well that you like to grease the wheels with the same BS myth along with Oracle. After all, anything to spook locals into FOMO=buying. Right?

Oracle
Guest
Oracle

Troll exposes himself.

Name
Guest
Name

If Vancouver’s permanent residents can vote, so can 19,000 wealthy immigrants who bought a way in:

https://globalnews.ca/news/4154259/vancouver-permanent-resident-vote-investor-immigrants/

“If B.C. lets permanent residents vote in Vancouver’s elections, then investor immigrants will have that right, too.”
“It now means that politicians at the municipal level can knock on the doors of permanent resident applicants and say, please donate to me.”
“What you’re doing is tilting the scales in favour of property and against social welfare,” Kurland said.

IDK why this is now an issue when it’s been fine as it is forever… now somebody thinks it will make a difference but I’d think not in a good way for most people.

Just me
Guest
Just me

I am really crossing fingers David Eby stops this stupid move. There is a path to citizenship. If and when you become a citizen you vote. No need to give people extra incentives to use Canada as a convenience store.

Laibach
Member
Laibach

“19,000 investors bought their way into Vancouver. If the city has its way, they could vote, too.”

Instead of wasting time on discussing voting rights of some cheating scumbags those 19K should be expressly deported with the shitty sticks and have everything confiscated to be auctioned to help with city homelessness and drug prevention.

patriotz
Member

“If B.C. lets permanent residents vote in Vancouver’s elections, then investor immigrants will have that right, too.”

Investor immigrants ARE permanent residents. That is, those who haven’t become citizens yet.

“It now means that politicians at the municipal level can knock on the doors of permanent resident applicants and say, please donate to me.”

Permanent resident “applicants”? Only citizens and permanent residents can now donate at the provincial and municipal level (before the NDP made its changes, anyone could).

Lost...but not Leased
Guest
Lost...but not Leased

What a f*cking disaster in the making…Permanent Residents..now investor immigrants.
Why even bother with passports and citizenship?

I’ve posted previously on how the foreign locusts will ultimately take over our Gov’ts…starting with local gov’ts …. in the near future.

Now, it seems COV Vision commies want to ramp up the time frame…..I’ll bet their NDP comrades in Victoria will agree to it in a heartbeat. Vision was a certifiable disaster on the housing front….and it will only get worse.

IMHO….the strategy that will play out is COV will lead….then more” US TOO ” will come from rest of Metro Vancouver local gov’ts very soon…….(or else it is “discrimination”…right?)

Most of us will wake up on Voting day and say…..” F*ck it “.

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

Not participating will surely help, dumbass racist.

Oracle
Guest
Oracle

Make sure you guys keep paying income taxes to support your new freeloaders.

KickThemOut
Member
KickThemOut

Is China about to fuck the world over again and stop the interest rate normalization in its tracks?
https://www.zerohedge.com/news/2018-04-19/citi-not-healthy-chart

Lost...but not Leased
Guest
Lost...but not Leased

How many guesses do we get ?

Best place on meth
Member
Best place on meth

8

Lost...but not Leased
Guest
Lost...but not Leased

POD suites in Whistler..

Saw on News last night a new hotel concept…” POD”.

Seems like its based on what they have in Asia….you effectively rent a double “bunk ” bed for accomodation …and share washroom facilities. Opening day is July 2018

No mention of prices…

patriotz
Member

“Seems like its based on what they have in Asia….you effectively rent a double “bunk ” bed for accomodation …and share washroom facilities. ”

Sounds to me like it’s based on a hostel. Whistler actually had one before it was “Whistler”.

KickThemOut
Member
KickThemOut

Probably $200+/night since it would be an “experiential experience”, not to mention all the millennial can take selfies and proclaim how unique and wonderful this is.

andrioddata
Guest
andrioddata

slowly but surely

April 18, 2017
New
324
Price Change
55
Sold
269
TI:8350

April 18, 2018

New
266
Price Change
62
Sold
128
TI:9989

yvr2zrh
Member
Not really a fair comparison. April 18, 2017, was the Tuesday after the Easter weekend. Thus, it followed 4 non-business days. This year, the day after Easter Monday, there were only 131 sales. As a data point, we are currently running inventory at 20 percent higher and sales run-rate is 28 percent lower. As MOI, we are running at 3.95 compared with 2.4. We are in peak spring listing season and sales are slow. Thus, inventory should continue to rise and properties in more price categories will start to see price decreases. Each month, the market has been getting worse since around September with February being a disaster and March being slightly worse. With the timing of Easter, and the number of business days in 2018 v. 2017 for each of these months, I would expect that there will be… Read more »
Whistler or Bust?
Guest
Whistler or Bust?

Good data. Thanks for sharing.

KickThemOut
Member
KickThemOut

blah, blah, blah, blah, blah….

If you want to buy, pony up the $$$$$$$$, or else sit out and bitch. it’s really that simple.

Specuskeptic
Member

Or, buy as much as you can, espouse your infinite wisdom, and keep coming to this board and bitch like KTO. That’s simple too.

Lost...but not Leased
Guest
Lost...but not Leased

Is this happening near you ?

In Richmond…..been noticing a lot of strata project sites sitting vacant for months…even years.
The site has been cleared, pre-loaded….then nothing.

Now I am seeing many of them commence construction (their zoning applications imply dates like 2011, 2010 etc)

My guess is they have to commence construction based on pre-sales contract, combined with fact the land values have appreciated dramatically(increased profit???)….but then again, as we have seen elsewhere where purchasers have had contracts cancelled fro various reasons.

Any body make sense of this long term delay…is it happening near you ?( I realize there are numerous scenarios. )

Lost...but not Leased
Guest
Lost...but not Leased

BPOM…

Is it possible you could send a link to those townhouses you say aren’t selling ?
If nothing else, it will get the typical condescending @ssholes to STFU

Thanks…

Best place on meth
Member
Best place on meth

Broadway & St Catherines, check MLS.

But hurry, there are only 4 left!

KickThemOut
Member
KickThemOut

You mean you think BPOM will actually get out of his mouldy couch and do work? The guy lies & bitches like no tomorrow and lazier than Oracle. But off course, I’m sure he’s a 6 ft 5, 220lb of lean mean locust killing machine in real life, just waiting for IJA to beg him to lead them into glorious battle against China & Koreans.

Best place on meth
Member
Best place on meth

Space, do you like camping?

Diadora
Guest
Diadora

Beijing envoy scolds Ottawa for allowing the Globe & Mail to expose Canadian politicians whose palms get greased with Chinese money; tells Canadians to do what they’re told & give up “the excuse of national security.” Liberal official sits there & smiles.
https://www.theglobeandmail.com/politics/article-chinas-envoy-assails-canadas-concerns-over-state-owned-takeovers/

Best place on meth
Member
Best place on meth

This is how a REAL leader deals with enemy scum from china:

U.S. Weighs Use of Emergency Law to Curb Chinese Takeovers

https://www.bloomberg.com/news/articles/2018-03-27/u-s-said-to-weigh-use-of-emergency-law-to-curb-china-takeovers

Best place on meth
Member
Best place on meth

“Beijing’s envoy says it is “immoral” for Canadians to oppose takeovers of their companies by Chinese government-controlled businesses and is denouncing national security scrutiny of these acquisitions.”

Fuck off and die, china man.

These vermin need to be banned from Canada.

Just me
Guest
Just me

Trudeau and the Fed libs are totally supine to China. It is almost an unconditional embrace.

I am very concerned about their willingness to condone Chinese malfeasance to gain some extra trade. Shameful.

southseacompany
Member
southseacompany

“Real estate bears warn a housing slump could cause next recession in Canada”, Globe & Mail

https://www.theglobeandmail.com/real-estate/toronto/article-real-estate-bears-warn-a-housing-slump-could-cause-next-recession-in/

“No matter where you live in Canada, “it’s not a good thing if you see mortgage rates rising and house prices falling,””

Disgruntled
Guest
Disgruntled

““No matter where you live in Canada, “it’s not a good thing if you see mortgage rates rising and house prices falling,”””

What if rates are at zero and house prices are at infinity, aka Greater Vancouver. But even then Canadian homeowners and our governments say oh no don’t lower house prices don’t hurt my precious hard earned equity. I lived in this house ergo I’ve earned my 2 million dollars for this shitty little dump in Burnaby. Locals be damned.

KickThemOut
Member
KickThemOut

You obviously have no concept of basic math & logic.

Just me
Guest
Just me

KTO you are a troubled individual. Apart from the obvious psychotic dissonance that reverbates in your posts (that is really for your family to worry about…), you consistently take the wrong side of every argument on real estate.
You condone tax evasion, money laundering, mistreatment of tenants and younger buyers.
I sometimes wonder if you like the idea that other people suffer. You are seriously messed up, certainly more than any other poster here (bar SIDA/Garth and Byron, of course).

Disgruntled
Guest
Disgruntled

And you do moron? If interest rates have been held at “emergency” low levels and house prices have gone to the Moon unnaturally, is not a not a situation where raising interest rates and lowering house prices would in fact be a good thing. If you had a modicum of intellect you might agree.

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

You’re totally right, and you’re smarter than the entire Bank of Canada.

But the point of the original statement was surely that even if you’re a renter a housing crash may bring with it an economy that does not let you buy that house you dream of. Because you might lose your job, for example.

Just me
Guest
Just me

“You’re totally right, and you’re smarter than the entire Bank of Canada.”

Of course the BoC can be wrong. And they are this time. Many other people will tell you that, if you care to listen.

Just go and see what David Dodge (our great former governor) has to say about keeping rates low for too long.

Disgruntled
Guest
Disgruntled

The original quote I addressed was ““No matter where you live in Canada, “it’s not a good thing if you see mortgage rates rising and house prices falling,”””

That quote does not contain the word crash. It is possible for interest rates to go up and house prices to come down without a “crash”. If you think house prices should only go in one direction (up) regardless of what astronomical level they’ve reached riding the free money wave, that is a fundamental disagreement between the Haves and the Have Nots of this country. In that debate, yes I am smarter than the Bank of Canada so is half this blog.

patriotz
Member

“Because you might lose your job, for example.”

A renter who loses his job is a lot better off than a homedebtor who loses his job.

Just me
Guest
Just me

I was going to say that exactly.
And have a guess who is better off after the recession……

bullwhip29
Guest
bullwhip29

Richmond News publishes glowing puff piece on local resident and founder of illegal fire sharing service Isohunt
http://www.richmond-news.com/business/richmond-man-rethinks-google-searches-with-new-app-1.23272094

Name
Guest
Name

“His first venture, the controversial torrent site isoHunt, worked as a search engine for those looking to illegally download movies,..”

“The settlement came three years after isoHunt shut down and was ordered to pay the Motion Picture Association of America US$110 million. It gave me much more appreciation for the law. Not to say I did something wrong,” he said.”

talk about being in denial: it’s illegal and he gets fined but hey he wasn’t doing anything wrong …

Lost...but not Leased
Guest
Lost...but not Leased

Where the F*ck did he get those Million$$$$$ to pay the fine???

Oh. ..PRC?

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

1. He’s Canadian
2. He never had $110m, the courts received a fraction of that.
3. When you own a website as popular as that was it’s not difficult to make money.
4. I bet you download movies and tv shows and think it’s totally fine.

KickThemOut
Member
KickThemOut

I don’t think Napster founders admit guilty either and I bet a lot of bears still cheer those people are hero for democratizing Internet and music.

Lost...but not Leased
Guest
Lost...but not Leased

SIDA the Sino apologist…

Point (4)….”I bet you …..”
Moi?….No actually, I don’t download movies, TV etc…I think the message was sent that ” they” could come after you.

However…I’ll “guess” you don’t watch Porn except when wearing Welding Goggles.

KickThemOut
Member
KickThemOut

How about Napster people?

Name
Guest
Name

He will not ever pay that fine.

Name
Guest
Name

“Fung tells Business in Vancouver the mobile app speeds up search results by 10-100 times and removes ads.”

“Further down the road, Fund said he plans to generate revenue by occasionally inserting ads into the slides.”

LOL does this guy even see the irony of his own thinking ?

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

It’s not irony. It’s a strategy. Dumbass.

bullwhip29
Guest
bullwhip29

How Chinese gangs are laundering drug money through Vancouver real estate
https://globalnews.ca/news/4149818/vancouver-cautionary-tale-money-laundering-drugs/

Best place on meth
Member
Best place on meth

It’s just a few bad apples.

Mainlanders on the whole are mostly law abiding.

Lost...but not Leased
Guest
Lost...but not Leased

Quite disillusioning article….

Much of it as been reported previously, but pretty clear this $ino cancer is out of control.
Operation Sidewinder circa 1990’s already exposed it…when NDP and Federal Liberals were in power.

All we can reasonably presume is token prosecutions here and there.
Canada is DONE.

Diadora
Guest
Diadora

I am sure a lot of the drugs is destined for the US. via Vancouver. I will not be surprise if Trump put us into the unfriendly category and our economy will go down the tube.

BubbleTea
Guest
BubbleTea

Thank you Justin, Krusty, Moonbean. you are fail us and turned Vancouver into a Money Laundering Capital of the World, assholes.

Name
Guest
Name

Those politicians should be in jail for aiding and abetting criminal activity that they knew was taking place.

Best place on meth
Member
Best place on meth

Treason should get the death penalty.

Turd qualifies without a doubt.

Polozi Scheme
Guest
Polozi Scheme

Would be great to see a new VCI post started based on this story so discussion can focus on it even though there is absolutely nothing surprising about what’s been reported here. What needs to be discussed is does Canada/B.C./Vancouver actually do something about it or continue to do nothing? Can anything really be done? Is there political will?

Just me
Guest
Just me

“A major problem, Marsh says, is that Canadian privacy laws block police investigators from working with Fintrac agents, and accessing Fintrac’s valuable cache of evidence.

Another problem, is Canada’s gaping lawyer loophole.

A 2016 report from Transparency International said that almost 50 per cent of Vancouver’s most expensive properties are owned through legal mechanisms, such as trusts and shell companies, which are used to hide true ownership.

Canadian lawyers won an exemption from Fintrac reporting in a 2015 Supreme Court ruling.”

Lost...but not Leased
Guest
Lost...but not Leased

Lawyer Loophole..

Exactly…..there is the” made to order” immunity shield that ironically obstructs justice.
Get rid of it….

Just me
Guest
Just me

“Kim Marsh, a former international organized crime unit commander for the RCMP, now consults with international governments in efforts to detect corrupt officials and criminals seeking money laundering havens.

Marsh says that he agrees with Attorney General Eby’s conclusion, that Canada’s anti-money laundering system has failed.”

“Fintrac, as Garry Clement puts it, is a “Rolls Royce, without an engine.” He means that Fintrac’s reporting requirements are stringent, but reports rarely lead to investigations and enforcement.”

Just me
Guest
Just me

“A review of B.C. government documents obtained by Global News shows that a Chinese man linked to Vancouver casino junket lenders was cited in a major tobacco trafficking investigation.

The man, who is allegedly involved in criminal real estate lending networks in Vancouver, has defaulted on $196,000 in payment of “taxes, penalty or interest,” under the Tobacco Tax Act, a 2010 B.C. Supreme Court filing says.”

Just me
Guest
Just me

“Another method involves falsified contracts used to make drug cash appear to be legitimate real estate wealth. The buyers pay artificially high prices for property, recording transactions in B.C.’s land title system. But a much lower actual price is paid to a Triad-linked seller, in an offshore bank account transaction.

Clement says these offshore transactions have likely had the effect of artificially inflating prices across Metro Vancouver housing markets, and leaving swaths of empty homes.

“What we see in Vancouver real estate is heartbreaking,” Clement said. “I saw the same thing in Panama, with the empty homes.”

Lost...but not Leased
Guest
Lost...but not Leased

Always suspected this re RE…at least its publicized.

Money launderers don’t care re: losing $$$. they never really earned it in the first place…they can afford to take haircuts.

Soon we’ll see how much they have pumped and pimped strata, where it is much easier to hide dirty $$$$, thanks to inept gov’ts. That RE collapse is long overdue and will be unstoppable.

Its already started in GTA…….one project had 1,000+ strata units..CANCELLED.
Question….one survey identified investors as driving much of the later stages of the GTA boom….will those investors come here?

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

A canceled project reduces supply, no?

patriotz
Member

“A canceled project reduces supply, no?”

As the news reports point out, most of today’s “canceled projects” are just a ruse to get out of the existing pre-sales at past (lower) prices and sell again at higher prices. All the planning and permits get reused.

When you see prices tanking, you will see real canceled projects.

Lost...but not Leased
Guest
Lost...but not Leased

Cancelled projects, if “resurrected” at higher prices…may suffer the wrath of jilted purchasers…or the developers name may be mud if parties organize web sites to encourage boycotts and also ” screw me once shame on you”…screw a new batch of buyers….?forewarned is forearmed.

Just me
Guest
Just me

“Vancouver Model real estate laundering

After establishing a strong base in Vancouver, Clement says, the Triads forged a criminal trade loop with Triad factories in Guangdong.

Clement’s 1994 report explains how the Triads have used “quasi-legitimate” real estate development, construction, and financial companies to launder drug cash in Vancouver real estate. In one method, Triad companies send drug funds to offshore bank accounts, and use these deposits to secure mortgages for purchasing and developing B.C. land.”

Just me
Guest
Just me

“The model’s criminal elements, according to the report, are:

“Traffic illegal drugs from Guangdong and Latin America”
“North American illegal drug dealing networks supplied by Chinese methamphetamines and precursor chemicals”
“Launder money into high-end real estate (funded by Chinese) capital flight, and launder money through the high-roller tables in casinos”
“High rollers used Canadian casinos, junket operations, and investment in Canadian real estate”
“Use banks, money transfer businesses to shift money to and from China and other countries (including) Mexico and Columbia.”

Just me
Guest
Just me

“Similarly, the regions of Vancouver, Hong Kong and Macau have formed a black market financed by intricate Chinese underground banking networks. According to the Vancouver Model report, the underground banks are at the heart of Chinese drug trafficking crime.”

“These secret banks have developed for centuries on China’s southern coast, police intelligence reports say. They consist of family members spread across Chinese communities worldwide. They can move money, drugs and commodities around the world, without having to send funds across national borders. The banks maintain reserves of various currencies at locations worldwide, taking deposits in one area, and paying out withdrawals in another.”

Just me
Guest
Just me

“The Triads have infiltrated Canada’s economy so deeply that Australia’s intelligence community has coined a new term for innovative methods of drug trafficking and money laundering now occurring in B.C.

It is called the “Vancouver Model” of transnational crime.

Details of the Vancouver Model are outlined in a November 2017 report obtained by Global News from B.C.’s provincial government, in a freedom of information request. The report, by John Langdale of the department of security studies and criminology at Macquarie University, was presented to Australian intelligence officers and Austrac, the country’s anti-money laundering agency.”

kabloona
Member
kabloona

New reporting from Sam Cooper….you beat me to the punch.

😉

bullwhip29
Guest
bullwhip29

what happened at the River Rock just the tip of the iceberg. the folks here that believe the various players are paying their taxes (lol…) and exhibiting all the qualities of what we would deem to be model citizens (lol…) can continue on thinking this. it is obvious to me that the whole system incl taxation, immigration, welfare, ICBC, medical, transit, housing and so on and so forth is corrupt to the core and the most recent wave of real estate buyers drunk on FOMO cool aid will be left holding the bag

patriotz
Member

Loophole in B.C.’s new campaign-finance law to be fixed: communities minister

The NDP government passed a law last October that prohibited donations from corporations or unions, limits individual contributions to $1,200, and placed a cap on election spending. Many of the restrictions mirrored similar rules introduced for provincial parties.

But The Globe and Mail reported earlier this week that one of Vancouver’s main civic political parties, the Non-Partisan Association, planned to raise money for operations in any way it could, including from corporations. Elections BC confirmed operations expenses are not covered by the new law

Sebastien
Member
Sebastien

Was bought in 2016 for 300k. Greedy flipper:
1402 7275 Salisbury Avenue, Burnaby
Nov 27:$599,000
Apr 18: $439,000
Change: – 160000.00 -27%
A: $386,600

The 8s:
55 W Woodstock Avenue, Vancouver
Dec 29:$2,888,888
Apr 18: $2,250,000
Change: – 638888.00 -22%
A: $2,360,000

Is this a greedy seller starting to give in?:
680 W 70th Avenue, Vancouver
Nov 17:$2,000,000
Apr 18: $1,700,000
Change: – 300000.00 -15%
A: $1,188,000

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

Yes, that poor seller might have to accept a mere 50% over assessed value for a place that probbly cost them half that. The market is truly crashing.

Name
Guest
Name

“might” “probbly” (sic) nice way to make assumptions there …

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

We know it hasn’t sold in the last 3 years so it’s a reasonable assumption that they bought it for less. Feel free to bring some better facts to the table.

Lost...but not Leased
Guest
Lost...but not Leased

Property prices took a big jump in late 2016-early 2017…in many areas they doubled.

Those who bought before do have flexibility, but all depend on how greedy they are. They could
” afford “say a 25% haircut, but may panic en masse so as to reduce the haircut size. Then they enter “chase the bottom” mode

Best place on meth
Member
Best place on meth
KickThemOut
Member
KickThemOut

Getting recalled soon if my coworkers have their way. They are itching to get involved with civic politics now that PR can vote.

Oracle
Guest
Oracle

No results.

Prices sub $1 million up 25% since election.

Fail.

Don’t be an idiot and say they are doing something.

Just me
Guest
Just me

“ Initiatives to require a declaration of who actually owns residential property in BC will also be introduced shortly – no more owning property through numbered companies whose sole officer is a lawyer (insulating disclosure of the actual owner of the property).”

Just me
Guest
Just me

“As Attorney General, I’ve been working with our partners at the BC Lottery Corporation, the Gaming Policy Enforcement Branch, and others to crack down on money laundering in BC casinos. Dr. Peter German has completed his report on how we got to this place and it is going through appropriate review to ensure we don’t harm law enforcement investigations or personal privacy before releasing it. I went to Ottawa in March to ask the Federal Finance Committee to work to dedicate more resources to crack down on tax evasion and money laundering in BC related to the activity we are well aware is taking place in our casinos, and strongly suspect is taking place in our real estate market on a significant level as well. See here for my testimony: https://www.facebook.com/dave.eby/posts/1753618991365108

Oracle
Guest
Oracle

Why don’t you just get on your knees.

Show me where prices and rents are cheaper for the average worker from 1 year ago.

Fucking imbeciles.

Just me
Guest
Just me
You gotta love David Eby: “There are measures to crack down on tax fraud and close loopholes that I am actively involved in seeing through myself at this time. These include investigating money laundering, strengthening provincial auditing and enforcement powers, instating a beneficial ownership registry and a registry for condo pre-sales, and strengthening provincial-federal cooperation to combat tax evasion and avoidance. There are also several initiatives that address systematic issues in our housing marketplace, increase fairness, and stabilize our housing market. These include the speculation tax (an adaptation of the BC Housing Affordability Fund plan developed by BC academics to address issues in local real estate markets), an increase in the foreign buyers tax rate, MRDT and PST taxes applied to short term/AirBnB rentals, and an increase on property transfer tax and the school tax rate on homes valued at… Read more »
paulb
Member

New
266
Price Change
62
Sold
128
TI:9989

http://www.clivestevepaul.com

Lost...but not Leased
Guest
Lost...but not Leased

Yea Baby…11 more till 10G….

C’mon SeeSaw….evict your foreign students, Nu Coast realtors and assorted concubines……go for it

See Saw
Guest
See Saw

You mean the ones you sent over but had to be turned away? Oh, the wailing and gnashing of teeth. Like I told them, “Sorry, but my house hereon Angus Drive is in a residential area. You DO know that, even the worst flophouse in town would be far better than that toad hole he’s flogging on AIRBNB, don’t you? In fact, you’re damned lucky he was overbooked. Sorry I can’t help. Oh, and I will be sure to report that loser to City Hall, pronto”.

Lost...but not Leased
Guest
Lost...but not Leased

Confession is good for the soul….
……ass-u-me-ing you have one.

Whistler or bust?
Guest
Whistler or bust?

So close…

Sebastien
Member
Sebastien

Condos are booming?:
21 8780 Bennett Road, Richmond
Feb 21:$938,000
Apr 17: $699,999
Change: – 238001.00 -25%
A: $748,000

Someone is trying to leave the country before the ownership registry goes online?:
4788 Angus Drive, Vancouver
Feb 13:$9,988,000
Apr 17: $6,890,000
Change: – 3098000.00 -31%
A: $5,896,000

Love the assessment:
301 8833 Hazelbridge Way, Richmond
Feb 10:$1,388,000
Apr 17: $999,000
Change: – 389000.00 -28%
A: $888,000

1022 Odlum Drive, Vancouver
Nov 30:$1,900,000
Apr 17: $1,398,000
Change: – 502000.00 -26%
A: $1,217,000

They’re waking up to a downward market:
5508 Brookdale Court, Burnaby
Oct 2:$2,680,000
Apr 17: $1,873,000
Change: – 807000.00 -30%
A: $1,873,000

backwardsevolution
Guest
backwardsevolution

Sebastien – thank you!

Just me
Guest
Just me

Great work. Keep them coming.

Ignore SIDA. Like that loser called Garth, he deceives and lies because his livelihood depends on deceiving and lying.

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

Yes, ignore the realist. That’ll help.

Oracle
Guest
Oracle

Garth should be sentenced like Madoff.

Conning widowed grandmas from selling their Vancouver west side homes in 2011 deserves jail time. Especially when he outright denied it.

Lied through his teeth.

Whistler or bust?
Guest
Whistler or bust?

Thanks for the info.

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

Asking prices are not sales prices.

Cherry-picked examples aren’t representative of the whole.

For the millionth fucking time.

Best place on meth
Member
Best place on meth

Shut the fuck up you piece of shit.

Nobody cares what you think for the millionth fucking time.

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

Angry unemployable racist is angry. What a surprise.

Of course you’re welcome to remain in your dream world where prices are down 25%. It’s your total inability to understand the market these last 10 years which landed you where you are, after all. Hope you’re still enjoying that $1400/month palace of yours.

Sebastien
Member
Sebastien

When bulls start being emotional that means we’re entering a bear market.

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

For fuck’s sake, just look at zolo.

patriotz
Member

Toronto condo projects teeter on collapse amid rising costs

Any number of factors, from unforced business errors to macroeconomic forces, can derail a project. But in the GTA, builders have noticed that critical components such as concrete and glass have been rapidly rising in price since 2015.

These are called endogenous costs – costs for inputs that are set by the industry itself. Concrete and glass are getting more expensive because the industry is using so much of them with the current record rate of building.

Lost...but not Leased
Guest
Lost...but not Leased

Good article….lots of interesting info.

A sign of the end of condomania…and good riddance.

Oracle
Guest
Oracle

BREAKING NEWS:

Vancouver passes law that you don’t need to be citizen to vote in municipal elections.

Wowowowoeowoeie!!!!

Hundreds of thousands of Permanent Residents and foreign students who live here get to vote!!

Wow.

Citizenship sucks.

Patiently Waiting
Member
Patiently Waiting

The provincial government has to approve it.

backwardsevolution
Guest
backwardsevolution

The provincial government better not approve it. Absolutely ridiculous!

Lost...but not Leased
Guest
Lost...but not Leased

Oh Yeah…Andrew Weaver and crew holding NDP hostage will love this one…..

Specuskeptic
Member

Please quit engaging the special child. He does go away when he’s ignored. If we all ignore him, he’ll stop posting eventually. Please.

Oracle
Guest
Oracle

Get on your knees for the NDP. Cause housing action is just around the corner in a few years.

Best place on meth
Member
Best place on meth

No he won’t, he has no shame.

Oracle
Guest
Oracle

Get on your knees for the NDP. Cause housing action is just around the corner in a few years.

Oracle
Guest
Oracle

They will vote for Stah lee pak! Canadian homeless whites gonna be pushed out of Vancouver.

Watch and see. Wow just wow.

bullwhip29
Guest
bullwhip29
Loon
Guest
Loon
Here you go: You only have to scan the Multiple Listings Service to see Vancouver’s property flips in action – and the money that’s being made, by people working in and outside the real estate industry. At Yaletown’s Kinghorne Mews, unit 802 is currently listed for $2.688 million. The sellers had purchased it in June 2016 for $1.580 million. The same sellers, who are not listed as realtors, show up as having sold six listings for downtown condos in the last three years. A realtor purchased 878 E. 13th Ave. in Vancouver for $887,850 in 2013, and sold it for $1.265 million in 2015. The second owner, represented by the same agent, sold it for $1.756 million in February this year. STORY CONTINUES BELOW ADVERTISEMENT In Onni’s The Mark at 1372 Seymour St., there were three sales in 2014 that… Read more »
Lost...but not Leased
Guest
Lost...but not Leased

F*king paywall lol

Can you cut and paste the highlights of the article?

BubbleTea
Guest
BubbleTea

Sorrbullwhip29, article is for subscribers only.