Loonie leaps on hints of rate hike

From southseacompany an article about the lowly looney leaping up on hints of a Canadian interest rate hike:

The Canadian dollar shot up Wednesday after the Bank of Canada held the line on a key interest rate but pointed to a boost in the future.

In foreign exchange trading, the loonie was ahead by 0.82 of a cent at 77.64 cents US when stock markets closed on Wednesday, after being up by more than one cent earlier in the day.

The central bank left its key target for the overnight rate unchanged at 1.25 per cent, where it has been since mid-January.

However, the bank said in a statement accompanying its decision that developments since April reinforce its view that “higher interest rates will be warranted to keep inflation near target.”

Read the full article over at the CBC.

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Name
Name
2 years ago

Possibly the latest tool in finding suitable Vancouver tenants? A personality quiz

http://www.news1130.com/2018/06/01/possibly-latest-tool-finding-suitable-vancouver-tenants-personality-quiz/

my guess that this will get a human rights challenge ….

bullwhip29
bullwhip29
2 years ago

West Vancouver man accused of murdering and chopping up his relative’s body in a British Properties mansion cried in a B.C. Supreme courtroom Tuesday as he told a judge how he and the victim, Gang Yuan, struggled over a gun in the driveway before the gun went off
http://www.vancourier.com/accused-in-west-vancouver-millionaire-murder-trial-testifies-1.23321253

Name
Name
2 years ago
Reply to  bullwhip29

can’t even speak Engrish. deport him.

bullwhip29
bullwhip29
2 years ago

Chinese tourism boom blamed as Thai beach from Leonardo DiCaprio film closes
Maya Bay, one of Asia’s most beautiful holiday destinations was shut to visitors on June 1, as drastic measures were implemented to fend off environmental catastrophe
http://www.scmp.com/magazines/post-magazine/long-reads/article/2148751/thailand-tourist-beach-maya-bay-closes-combat

Oracle
Oracle
2 years ago

Italy populist government has formed. First order of business is fixing its immigration system and expelling 100,000’s of illegal immigrants.

Wherever they go will fuel the rise of more people’s parties.

Canada will be the last to fall as the population is too dumbed down.

Multiculturalism could have succeeded if the numbers were good and they didn’t harm locals already present with respect to housing and jobs.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  Oracle

Says the pretend immigrant.

Oracle
Oracle
2 years ago

Read up on USA sailed their warships through the South China Sea.

Pussies were scared. Didn’t even do anything.

But US generals say war is coming.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  Oracle

Pretend immigrant.

bullwhip29
bullwhip29
2 years ago

Nineteen-year-old Hao Ming Chen has been sentenced to 15 months in jail for forcibly confining and stripping an international student and then threatening to post naked picture unless he received $10,000
http://www.cbc.ca/news/canada/british-columbia/naked-extortion-violent-international-1.4686047

Best place on meth
Best place on meth
2 years ago
Reply to  bullwhip29

Best immigrant group EVER!!!

Laibach
Laibach
2 years ago
Reply to  bullwhip29

And yet motherfucker gets only 15 months, obviously because of his background. Why do system stubbornly encourage, support and keeps this sick shit here instead of revoking citizenship and torpedoing them to where they came from. Failed system, shame…

“According to an agreed statement of facts, Chen struck the victim in the face and head several times and choked him to the point of near unconsciousness.

He also used a multipurpose tool to slash the man’s knee, ankle and wrist before striking the blunt end of the instrument into the victim’s left eye.

“They forcibly undressed the victim and took pictures of him in which he was undressed. They demanded $10,000,” ”

Name
Name
2 years ago
Reply to  Laibach

deport him.

Oracle
Oracle
2 years ago
Reply to  Laibach

Local would gotten 5-10.

And also why aren’t these PR people deported and their biometrics taken?

Bestplaceonearth
Bestplaceonearth
2 years ago

Bears make the developers their enermy, yet they contribute so much. Bears blame everything on the condo buyers, yet without these buyers, nothing gets built. Too bad, bears only understand more taxes, and investing discouragement.

http://vancouversun.com/business/local-business/city-proposes-2-6-billion-capital-plan-with-55-per-cent-paid-by-development-contributions

Bag it and tag it
Bag it and tag it
2 years ago

Back in the late 90’s there was lots of inventory and rents were cheap…and that was before the developers built thousands and thousands of new units. In other words, it’s not a supply issue.

Bestplaceonearth
Bestplaceonearth
2 years ago

It was not supply issue then, but it is now. So, get on with the change. You are still using a 286 with DOS operating system, are you not?

Best place on meth
Best place on meth
2 years ago

Fuck, you’re even older than I thought.

Die already, boomer!

Just me
Just me
2 years ago

Byron, you are priceless. Such a loser.
It would,be great to see your face when this market finally unravels.

Bestplaceonearth
Bestplaceonearth
2 years ago
Reply to  Just me

Bhahahaha!

Laibach
Laibach
2 years ago

Holly fuck, aren’t you outrageously stupid? Your shit has no end.

Bestplaceonearth
Bestplaceonearth
2 years ago
Reply to  Laibach

Bhahahaha

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  Laibach

I imagine he knows the difference between holy and holly.

Best place on meth
Best place on meth
2 years ago

Anyone who constantly uses the word “bears” in a derogatory manner is a racist and a bigot.

Amirite?

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago

Nope, but you are a loser. But I somehow doubt this is news to you.

Best place on meth
Best place on meth
2 years ago

Sub humans need not reply.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago

Dont forget it’s Friday, so you should spend a few hours here – oops, I mean “with loved ones” – tonight.

bestplaceonearth
bestplaceonearth
2 years ago

Is bear a race? Can any super-smart here verify that?

Doomcouver
Doomcouver
2 years ago

You’re my enermy.

Bestplaceonearth
Bestplaceonearth
2 years ago
Reply to  Doomcouver

The true hurts, doesn’t it.

patriotz
2 years ago

Cost-conscious parents buying condos for kids studying away from home

Headline sounds like a joke, but it seems it’s supposed to be serious.

Best place on meth
Best place on meth
2 years ago
Reply to  patriotz

“And that’s not factoring in how much the value of the condo might go up in the four years.”

That’s why they’re really doing it. These parents are nothing more than speculators.

Bestplaceonearth
Bestplaceonearth
2 years ago

So what? Aren’t you bears speculators too by betting more inventory, more taxes and lower price? Unfortunate, bears have been losing the bet. Bhahahaha!

Bag it and tag it
Bag it and tag it
2 years ago

We know the difference between price and value and refuse to buy anything when there is a huge discrepancy between the two. For example, your value on this blog is zero…see how good I am at it.

Bestplaceonearth
Bestplaceonearth
2 years ago

Well, I don’t even care if it goes negative. Bhahahaha!

Bestplaceonearth
Bestplaceonearth
2 years ago

By the way, you know value well, then why did you let the value priced you out?

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago

He wishes he’d bought three.

Best place on meth
Best place on meth
2 years ago

Less than zero.

Doomcouver
Doomcouver
2 years ago

I am a speculator. I speculate that traditional measures of affordability will re-assert themselves at some point. It’s better than believing that this rate of price appreciation is sustainable, and immune to a massive price correction.

MAKE TRUDEAU A DRAMA TEACHER AGAIN!
MAKE TRUDEAU A DRAMA TEACHER AGAIN!
2 years ago

Further from the last thread… Can’t these people understand that hurting the landlord (the person supplying the good) can never help the tenant (the person consuming the good) Its scary that people who are likely otherwise intelligent can believe stuff like this will work. The Vancouver Tenants Union is calling for wide-ranging changes to the Residential Tenancy Act including a four-year rent freeze, increasing the grace period for late payment of rent from five to 14 days, an end to renovictions, prohibiting discrimination against tenants with children or pets, and the elimination of security deposits. These recommendations are among 50 the union submitted May 29 to the government’s newly formed Rental Housing Task Force. The union also argues that landlords should have to apply for dispute resolution with the RTB and schedule a hearing before issuing an eviction notice, and… Read more »

KickThemOut
KickThemOut
2 years ago

To freeloaders, these measures are a starting point towards achieving balance between landlord & tenants rights. Frankly, I’m disappointed that portable rents where you carry previous rental rent rate to your new rental isn’t included. Once these “fair” measures are adopted, it will clear up any confusion and uncertainties in the marketplace and will encourage even more landlords to rent out their places to long term ideal tenants like the bears on this blog.

Oracle
Oracle
2 years ago

As long as the immigration gates are wide open, rents will continue to rise as supply can no longer keep up.

Stand up for Canada
Stand up for Canada
2 years ago

I am a landlord and asked my tenant to leave before May 18. He’s a good kid but we need the unit back. Anyway there’s no way I’m ever renting my home out again. And what’s the point of investing in real estate here. You buy a place and the government tells you want you can and can’t do with it. From Airbnb restrictions to all this rental BS to leaving the unit empty to the City telling you what doorknobs you can put in your home why would anyone be stupid enough to buy an investment property. The more restrictions they put in place the more people will just sell. Investing in stocks and bonds has way less risk and way less hassle. I sit and watch my dividends pour in.

Laibach
Laibach
2 years ago

“Why would anyone be stupid enough to buy an investment property. ”

It is good for the money laundering and parking.

patriotz
2 years ago

““Why would anyone be stupid enough to buy an investment property. ”

Because they think prices will keep going up.

Investors are prepared to buy houses they will rent out at a loss, just because they think prices will keep rising—the very definition of a financial bubble.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  patriotz

Here’s a thought exercise.

You buy a house and the tenant’s rent exactly covers 100% of your mortgage payment, strata fees, property taxes, maintenance, etc, etc. Your monthly return is 0% but after the mortgage is repaid you get a house with clear title for free. Prices don’t even need to have increased.

Now let’s say some market participants are willing to enter into a similar deal and get the equivalent value of 90% of a free house at the end. Or 50%. They’d be cashflow negative but it’s not quite the case that they’re speculating on price appreciation.

Spec
2 years ago

In your example SIDA, there’s definitely an expectation of appreciation and profit beyond other investments. So there is at least some speculating going on there. I take your point that speculation’s not black and white, though.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  Spec

Perhaps, but I’m not sure you’d find another investment where the government encourages you to use 20:1 leverage.

YVR
YVR
2 years ago

And you will not find another investment that has bankrupted so many working class people. Here in the 80s and the US in the 2000s.

Oracle
Oracle
2 years ago
Reply to  YVR

What’s different now is the government is all in on housing.

And the developers run the government now.

The Green MLAs did not sell any of their real estate holdings the last yet. Hmm wonder why??

Same with NDP. They added holdings.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  YVR

Right, because we know working class people favour real estate over pretty much all other forms of investment.

Oracle
Oracle
2 years ago
Reply to  Spec

Even if there is no appreciation, half your mortgage payment goes to principal.

Oracle
Oracle
2 years ago

Most people here don’t understand that.

I have a 1 year old and am already thinking of buying her a home in Calgary. By the time she graduates, the home should be mostly paid off (the land at least). Then she can build a new one on that land.

Missed the boat here on that strategy. Friends did that strategy a few years ago and they are set. Their kids are set for life too.

Parental responsibility.

CRA221
CRA221
2 years ago

I hope you gave him three months’ notice and a month free rent. My last landlord tried to screw me out of that when he kicked me out for landlord use.

I know my rights.

Just me
Just me
2 years ago

That is great. Invest your savings in something productive, perhaps shares of a company that makes something useful.

If more landlords start selling perhaps home prices will start coming down. This story that landlords are great for renters and the housing market is utter nonsense.

Oracle
Oracle
2 years ago

There is no tax evading on stocks and bonds.

Everyone does it in real estate.

The gov allows it.

Bestplaceonearth
Bestplaceonearth
2 years ago

Might as well issuing a decree to make the landlord living in the garage, and offer the house to the tenant. What a bunch of entitled!

bullwhip29
bullwhip29
2 years ago
franko
franko
2 years ago

BREAKING NEWS:

Trudeau to purchase The United States of America for $450 trillion. Hopes to put it up for sale.

Oracle
Oracle
2 years ago
Reply to  franko

He’s just a puppet. A profitable one for those pulling the strings.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  Oracle

Oh, tell us more! I do love a good conspiracy theory. Is it the Illuminati?

Oracle
Oracle
2 years ago

You are a professional communist troll. No other explanation. Like a machine to spew confusion.

Hey did you hear Trumps gonna restrict Chinese visas?

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  Oracle

Did I just get called a troll by the sockpuppeteer?

Wow. Just wow!

bullwhip29
bullwhip29
2 years ago

The BC Prosecution Service has approved seven charges against Cheng Ian Huang, of Richmond, including: One count of kidnapping; one count of assault; one count of assault with a weapon; one count of possession of a firearm without a permit; one count of sexual assault using a Taser; one count of impersonating a police officer and one count of uttering a threat
http://www.richmond-news.com/news/update-alleged-richmond-kidnapper-charged-with-using-taser-gun-for-sex-assault-1.23320076

Oracle
Oracle
2 years ago

So the No side is getting organized. Bill Tieleman (union guy) and Susan Anton (Lib MLA prev) are their leaders.

I always suspected gov and union people playing the workers. They want that to continue.

Talk about control of the minions.

Just me
Just me
2 years ago

Douglas Todd: Why are Vancouver and Toronto so unhappy?

http://vancouversun.com/opinion/columnists/douglas-todd-why-are-vancouver-and-toronto-so-unhappy

“Vancouver and Toronto feature the four factors most correlated with Canadian unhappiness, according to a groundbreaking study out of UBC’s Vancouver School of Economics and McGill University.

Metro Vancouver and Toronto are known for the qualities that characterize the country’s least happy regions: Long traffic commutes, stratospheric housing prices, high population densities and large proportions of foreign-born residents.”

Just me
Just me
2 years ago
Reply to  Just me

“Housing stress:

When it comes to stress, the impact of the housing crises in Vancouver and Toronto glares. The Vancouver School of Economics study found Canadians are happier if they devote 30 per cent or less of their income to housing.

But the Royal Bank of Canada reports Metro Vancouver housing costs are an “astounding 85 per cent of a typical household’s income.” That compares to 78 per cent in Toronto, 22 per cent in average Canadian urban centres and six per cent in the hinterlands.

While windfall housing profits might boost the “happiness” of some real-estate industry officials and owners, the rest of us, including Helliwell, worry about the emotionally devastating squeeze housing is placing on Vancouver and Toronto dwellers.”

patriotz
2 years ago
Reply to  Just me

“But the Royal Bank of Canada reports Metro Vancouver housing costs are an “astounding 85 per cent of a typical household’s income.””

Of course they’re not. Nobody pays that much – not even the poor, because they wouldn’t have enough left to live on if they did. According to the 2016 Census, 32% of households in Vancouver CMA paid over 30% of household income for shelter.

http://www.statcan.gc.ca/daily-quotidien/171025/cg-c007-eng.htm

bestplaceonearth
bestplaceonearth
2 years ago
Reply to  Just me

And you believe in these numbers? bhahahaha, no wonder your life is miserable!

Laibach
Laibach
2 years ago

Byron, keep fooling and comforting yourself. It is good for your mental health.

(Self Comforting is the ability to calm one’s self when faced with a stressful situation, or when in a state of high arousal. )

Just me
Just me
2 years ago
Reply to  Just me

“On occasion, Helliwell compares Vancouver to the luxurious French Riviera, where enclaves shaped by the status of the elite and ethnicity of the labour market have existed for a century.

“There are respects in which Vancouver is seen as a beautiful place to visit and even have a second residence. As is true of the Riviera …. Vancouver is too beautiful not to share, but it needs to be done in ways that build rather than fray the social fabric that supports the happiness of locals, newcomers and visitors,” Helliwell says. The pace of immigration, he notes, “makes a difference.”

Laibach
Laibach
2 years ago
Reply to  Just me

Right, there is something about Paris (France) and Rome (Italy) about beauty and sharing but local people and families still leave and work in them quite content and relaxed.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  Laibach

Ever lived in Paris or looked into how rents compare to Vancouver?

realist
realist
2 years ago
Reply to  Just me

I favour comparison with Monaco – to paraphrase Somerset Maugham, instead of a sunny place for for shady people, Vancouver is a shady place for shady people.

bestplaceonearth
bestplaceonearth
2 years ago
Reply to  Just me

hmmm, if you are miserable, it does not mean the rest are! bhahahahahaha!

Laibach
Laibach
2 years ago

Great, apparently all is well with you judging by what you post.

Name
Name
2 years ago
Reply to  Laibach

bestplaceonearth is happy when others arren’t. Like a psychopath.

Bestplaceonearth
Bestplaceonearth
2 years ago
Reply to  Name

It’s your decision to be miserable or happy. I choose the to be happy. You live with stupid bears for too long.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago

Douglas Todd is just pissed that he’s only paid $80K when he considers himself to be some sort of celebrity.

Just me
Just me
2 years ago

Douglas Todd is a better human being than you will ever be.
And the study in this article has been confirmed by several other surveys, housing costs make people miserable and transform their lives in joyless slogs.

Only RE insiders and land owners are happy. Everyone else is left with a hefty cost in terms of life satisfaction.

Best place on meth
Best place on meth
2 years ago
Reply to  Just me

Hahaha….you just called AIDS a human being, albeit of the lowlife variety.

I would never confuse that trash with a homo sapien.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  Just me

Some of us are able to realize that there’s more to life than owning a patch of dirt. It gets even better when you take personal responsibility for anything which goes wrong rather than blaming foreigners. But thanks for confirming what we already knew – namely that you’re a miserable bitter loser.

Bestplaceonearth
Bestplaceonearth
2 years ago
Reply to  Laibach

That is for sure. It would be better if the NDP gone.

realist
realist
2 years ago
Reply to  Just me

But we are told, ad nauseam, that high population densities and large immigrant populations make for diversity – Canada’s unique and oh-so-cool greatness – and that Jane Jacobs is a genius whose move to Canada and influence over Canadian social policies was a blessed event …but now we learn that it makes Canadians unhappy? Maybe it was all just a convenient narrative allowing employers, landowners and developers to become richer, and their employees become poorer due to competition driving down labour costs – oh no!

kabloona
kabloona
2 years ago

“New Zealand compromised by China: CSIS”

New report cites “corrupting influence” on the political system.

https://www.theglobeandmail.com/politics/article-csis-report-warns-of-chinese-interference-in-new-zealand/

🙁

“Canada’s spy agency is being warned that New Zealand, one of this country’s closest military allies, has been deeply affected by a Chinese government campaign of foreign interference.
The new report from the Canadian Security Intelligence Service cites “a curtailing of freedom of speech, religion and association for the ethnic Chinese community” in New Zealand and a “corrupting influence on the political system through the blurring of personal, political and economic interests.”

Best place on meth
Best place on meth
2 years ago
Reply to  kabloona

Yet all the idiots are worried about Russians.

Name
Name
2 years ago

Canada Goose stock up big today on announcement that they will be setting up a marketing and distribution network in china which includes opening two direct to consumer retail stores.

Laibach
Laibach
2 years ago
Reply to  Name

Sell them jackets and other shit but not the land and country and all will be well. They will have warm jackets and stay at home.

bullwhip29
bullwhip29
2 years ago

Mandarin speakers dominate the audience for a talk on purchasing a Bordeaux winery
http://www.scmp.com/lifestyle/food-drink/article/2148665/how-buy-french-chateau-seminar-lures-chinese-vinexpo-hong-kong

bullwhip29
bullwhip29
2 years ago

Richmond RCMP are asking the public to help track down Kim World Huang, 30, of Richmond, who is accused of 12 counts of possession of controlled substance for purposes of trafficking
http://www.richmond-news.com/news/warrant-issued-for-alleged-dealer-after-overdose-and-significant-drug-haul-in-richmond-1.23320663

Oracle
Oracle
2 years ago
Reply to  bullwhip29

World??

Haha. Chosen name. Like they ever gonna find him.

Name
Name
2 years ago

http://www.news1130.com/2018/05/31/bc-homeowners-renovations/

BC homeowners cutting back on home renos due to household debt: survey

the debt monster is gaining on some people ….

Oracle
Oracle
2 years ago
Reply to  Name

And there are equal numbers on the other side who get paid from these debtors. Why can’t you see this?

Oracle
Oracle
2 years ago
Reply to  Oracle

And those coming on hard times are. Ring replaced by incoming record number of immigrants.

Can you see this??

Name
Name
2 years ago

http://www.richmond-news.com/opinion/letters/letter-school-district-needs-to-step-up-and-catch-cheaters-1.23283946

“Richmond has an environment of ever-more frequently revealed activities by increasing numbers of scofflaws and loophole exploiters, who have no intention of practicing good citizenship here, and thumb their noses at those who do. ”

who would those scofflaws be? Norwegians ?

Laibach
Laibach
2 years ago
Reply to  Name

What is fucking wrong with them? Maybe nothing, it is just hard to comprehend that culture and way of living…

Oracle
Oracle
2 years ago
Reply to  Laibach

Genetic makeup of those that rose to the top quickly in China. The good people are still there toiling away at slave labour.

The world’s changed. The liars cheaters and law breakers get ahead. .

KickThemOut
KickThemOut
2 years ago
Reply to  Oracle

Guess which country this fucker belongs to? Latest to get caught in insider trading
https://www.zerohedge.com/news/2018-05-31/goldman-vice-president-charged-insider-trading-scheme

Best place on meth
Best place on meth
2 years ago
Reply to  Oracle

“The good people?”

The slave labourers are dreaming of the day that they can rise to the top via cheating and exploitation.

They just haven’t become good enough at it yet but are very willing to learn

bullwhip29
bullwhip29
2 years ago

One of Richmond’s first geothermal condos underway
http://www.richmond-news.com/business/one-of-richmond-s-first-geothermal-condos-underway-1.23320023

– Developer claims residents won’t have bills for heating, air-conditioning, or hot water, because they all come from “free” energy
– so what’s the catch? ah ha… the developer, who owns the geothermal facility, will then take money from the strata fee every month for “operational” costs
– imho this is as brilliant as it is scammy as both the typical utility co’s are shut out and the developer is free to do whatever the eff he wants down the road. unfortunately this is bad news for naive owners as they will ultimately have no where to turn when the initial teaser rates expire and their strata fees explode higher

Loon
Loon
2 years ago
Reply to  bullwhip29

Hey it’s green, so shut up, sit down and drink the damn kool aid. lol.

bullwhip29
bullwhip29
2 years ago
Reply to  Loon

greener, yes. free for owners, not a chance. it is borderline false advertising to make such claims. the embedded “operation” fees will provide developers a mechanism to print themselves as much cash as they want

YVR
YVR
2 years ago
Reply to  bullwhip29

Ask the people in the Olympic Village how the green low energy system is going. Highest strata fees in Western Canada.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  YVR

The strata fees are pretty average, actually.

Bag it and tag it
Bag it and tag it
2 years ago

Strata fees were averaging over $600 before…not sure what it is now.

YVR
YVR
2 years ago

In addition to the strata fees they have to pay for energy at over double what everyone else pays.

According to Melbourne, he used to rent outside the Olympic Village and paid about $60 a month for his energy consumption. “Now it takes me $140,” Melbourne said of his B.C. Hydro and Enerpro bills. He noted that it’s the first time he’s ever had to pay for cold water. According to Enerpro, energy rates are set by the city-owned Southeast False Creek Neighbourhood Energy Utility.

https://www.straight.com/article-403554/vancouver/olympic-village-energy-bills-questioned

YVR
YVR
2 years ago
Reply to  YVR

Strata fee for a 1045 sq ft unit is $607. That is about 15% to 20% higher than a comparable size condo.

http://peterraab.ca/active-listings/just-listed-olympic-village-condo-308-1633-ontario-st

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  YVR

That’s one example. I’ve seen plenty of 1 bed units with $200-250 fees. And 2 bed units for under $500. That’s low.

YVR
YVR
2 years ago

Link?

Best place on meth
Best place on meth
2 years ago
Reply to  YVR

I’m sure there will be a link forthcoming quickly as he only deals in hard data.

Anecdotes are for pussies.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  bullwhip29

The strata should be able to sever the contract and find another company to perform maintenance. It happens all the time that developers try and lock-in unreasonable service contracts, there’s nothing new about this and it’s not related to geothermal systems.

KickThemOut
KickThemOut
2 years ago

There aren’t many firms that knows how to run a geothermal system. It’s not like a standard cookie cutter building with lots of management companies to choose from. Power plants are a different beast and geothermal is fairly specialized.

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  KickThemOut

If that developer doesn’t run all the geothermal heating in the city then there is obviously an alternative.

YVR
YVR
2 years ago

“The strata should be able to sever the contract”

The energy is locked in by the CoV. Anyone who lives there is stuck with what ever the CoV charges.

http://vancouver.ca/docs/planning/renewable-energy-neighbourhood-utility-factsheet.pdf

Dave
2 years ago
Reply to  YVR

They own the hole. If you want to get rid of them, you have to drill your own. $$$$

Shut It Down Already (original)
Shut It Down Already (original)
2 years ago
Reply to  YVR

Great, so the developer doesn’t have to be involved.

How is this any different from somebody having to pay BC Hydro for electricity or Fortis for natural gas?

YVR
YVR
2 years ago

Other than it already being significantly more expensive the BC utilities commission oversees rate hikes on Hydro and Fortis. They are regulated as utilities.

Bag it and tag it
Bag it and tag it
2 years ago
Reply to  bullwhip29

heating, hot water and AC will be free (ie. included in your $600 strata fee.)

YVR
YVR
2 years ago

Nope that is additional.

Dave
2 years ago

We gave most of the gains back.

I think there are more headwinds on our dollar, than tailwinds. Firstly, there is no chance Poloz can raise rates as quickly as the Fed does. Secondly, it’s inevitable that our economy is going to slow down as both short and long rates go up. Thirdly, Trump’s tax cuts and stance on trade are going to hurt us whether or not we get NAFTA solved.

I’m hearing that foreign investment in Canada is dropping like a stone. Nobody would dare invest in resources because there is no certainty in law here. Developing South American and African nations can now provide more certainty than we can. Imagine that.

bullwhip29
bullwhip29
2 years ago
Reply to  Dave

tailwinds? please enlighten us…

Dave
2 years ago
Reply to  bullwhip29

Did you miss you three reasons I provided to explain my point?

bullwhip29
bullwhip29
2 years ago
Reply to  Dave

lol…my bad…thought you wrote “there are more headwinds on our dollar, THEN tailwinds…” implying that loonie would be staging a miraculous recovery for some unknown reason. it is hard to read with the sunglasses and baseball cap on… 😉

Oracle
Oracle
2 years ago
Reply to  Dave

They will end up increasing immigration. Poliz even said so.

Bag it and tag it
Bag it and tag it
2 years ago
Reply to  Oracle

Our new immigration minister, Poloz?
Increase in immigration from current levels not a good move politically and the LIbs now realize this…and elections coming up. If Conservatives win, then certainly they won’t increase from current level and may decrease them.

Oracle
Oracle
2 years ago

He mentioned it last week in a speech that going forward ” immigration to play a bigger role..”

Oracle
Oracle
2 years ago
Reply to  Oracle

And Bag it, people are powerless nowadays. Even though they think they can effect change.

Try to effect it. Going to be disappointed.

italiano
italiano
2 years ago

Well, that didn’t last long.

bullwhip29
bullwhip29
2 years ago
Reply to  italiano

what a bunch of utter silliness…
.
steel tariff exemption to be extended…or not…or maybe…or maybe not…
.
nafta deal coming…or not…
.
who know’s, maybe trump will indeed toss Cda and Mexico under bus to show the Chinese he means business…or maybe they grant the extention at 11:59 and continue to look like a$$holes

bullwhip29
bullwhip29
2 years ago
Reply to  bullwhip29

yeah, and about that July rate hike that all the so called experts say is a slamdunk…

bullwhip29
bullwhip29
2 years ago
Reply to  bullwhip29

and a heads up to all the prospective mercedes, bmw and audi buyers (and shadowflippers) out there…you better get a move on before the prices get ratcheted up

Oracle
Oracle
2 years ago
Reply to  bullwhip29

They should be cheaper then. If steel can’t get into the USA, then more steel for other nations such as Germany.

Why lumber costs to much in Canada is criminal. Should be dirt cheap right now.