It’s called BSing

You’re an economic genius.

Dumbass.

Ah, but renting an office in Shanghai may actually be a good way to sell RE to locals in Vancouver.

Home prices rose in ALL 20 major Canadian cities, doubling to tripling in the last 18 years.
http://www.torontocondobubble.com/p/canadas-housing-bubble.html

It’s called asset inflation, my friend. It occurs when you conjure historically unprecedented amounts of money out of thin air an pump it into the world economy. It may appear that assets have risen in value, but, in reality, the value of money fell.

The trend is now reversed – and we are only starting to see the consequences.

Stay liquid my friend.

Thanks for stating the facts, I think it is helpful to remind people that we have had three massive years of Chinese money inflows until 2017.

Those who deny the obvious are either stupid or self-interested.

We’ve had three years of emergency near zero interest rates, which economists warned back in 2015 would inflame the Vancouver and Toronto real estate markets.

https://www.theglobeandmail.com/report-on-business/economy/bank-of-canada-rate-cut/article22548417/

“Lower interest rates could encourage already heavily indebted Canadians to borrow even more, further inflating home prices in cities such as Toronto and Vancouver.”

So it was said – so it was done.

I do not diasagree with you. But Chinese millionaire investors can also leverage. And they did. Ask HSBC or CIBC.

Both things matter. But in Vancouver, most homes are inflated to a large extent by foreign millionaires.

Except we know the majority of sales BY FAR are to local idiot speculators, and any claims of yours about them using foreign money are without basis in fact.

There is more than one straw connected to the balloon.

But, it’s not the straws that blow the balloon up – but the force that is blowing the air through them.

The article talks about Russia. Of course China is Just Me’s obsession so he had to drop the word in there somewhere.

The point I was making was a general one. But everything works to attacks people who disagree with you. Dishonest.

Correction – The point you were making was a stupid one.

Sure an error.

And the neighbours houses were errors too and kooner complained.

Cash exchanged hands here.

These all sold for about 20% above assessed and above asking price. Probably closer to your price range.

1701 — 1001 Homer Street, Vancouver
B.C. Assessment: $552,000
Listed for: $549,000
Sold for: $641,000

204 — 12633 No.2 Road, Richmond
B.C. Assessment: $528,000
Listed for: $688,000
Sold for: $688,000

20295 Telep Avenue, Maple Ridge
B.C. Assessment: $832,000
Listed for: $949,900
Sold for: $970,000

http://vancouversun.com/homes/buying-selling/sold-bought-yaletown-condo-goes-for-well-above-listing-price

“Cambie Corridor land sold for nearly $4 above assessed value
The 10,129-square-foot single-family lot sold for $11.95 million”

http://www.westerninvestor.com/done-deals/cambie-corridor-land-sold-for-nearly-4-above-assessed-value-1.23307478

We’ll find out if you’re right if the assessments increase next year. But I’m suspecting they won’t. Either way you’ve yet to produce a link to support your claim.

Who pays capital gains? It’s an honour system in Canada. No centrak registry.

Right. The Bc Libs are tough on Chinese money launderers. Good one.

The decline started with XIMjinoing tightening the screws in capital outflows and starting his anti corruption campaign.

But it sped up in the last 10months. Big time.

Gotta love David Eby.

“The Bc Libs are tough on Chinese money launderers.”

They were tougher than Eby. These stats prove that.

It’s hard to believe even you believe your own shit.

Lol. Inflation.
Lol

Lol. 50%/year rent increases in Surrey. Lol.

yeah, who remembers the days when your agent’s role was to get you the best price, not to lie, cheat, steal, bluff and pretty much con you into giving your home away for as little as possible for the sole purpose of flipping back out onto market the moment the ink dries. new coast agents were notorious for withholding better offers from clients, selling home at the lower price and pocketing the difference. for all intents and purposes all these agents are still out and about doing business as usual

If you can provide any sources at all which confirm that a crime was indeed committed that would be fabulous.

Are you that thick?

Conflict of Interest.
Fined $5,000
No crime no fine. Sounds like a crime to me…

Feel free to provide a link to the relevant law(s) that make failure to disclose a conflict of interest a crime.

sources are provided in article you moron. had this all been fabricated there would have been no case or $5000 slap on the wrist to begin with. buyer and agent representing seller are non arms length and this was intentionally not disclosed, so at the very least relevant parties were hiding fact from the seller that not only was there was coordinated plan to shadow flip property but also intention to pocket the winnings themselves. while we’re at it, we can toss a little tax fraud into the mix too if one assumes purchase was also done in daughter’s name for tax purposes too

I asked for a source that an actual crime had been committed, fuckwit. There’s a difference between something that’s morally wrong and something that’s a crime.

Morally corrupt? Definitely. But then again, why should we be surprised any more.

Against the rules and regulations as well. Double ending has been forbidden. And by extension it includes your direct family (husband, children, parents).

So, as usual, you are wrong. You seem to condone a lot of things when the culprits have a particular background.

Against the industry’s rules and regulations doesn’t mean criminal.

So was a crime committed? Yes or no?

Yes. A crime against whoever was fraudulently led to sell to the daughter of the agent. The problem is, nobody cares anymore in Vancouver.

We operate like a suburb of Shenzen.

So what crime was committed then? I don’t believe there was a crime.

If you disagree you should lodge a complaint with the police. But you won’t because you’re a) wrong and b) all talk.

“Morally corrupt? Definitely. But then again, why should we be surprised any more.

What should we be paying more attention to. New Coast Realty being corrupt or the NDP government. We have the NDP taking $500K from developers to not put the foreign buyers tax on presales and you are worried about a realtor double ending a deal? We have the former NDP leader and premier in a scheme with the NDP aligned Vancouver mayor rezoning areas and then secretly flipping houses for a $6M profit. New Coast is the least of your worries. At least you can not work with them or hire them. You are stuck with the NDP running both the province and city.