No days with over 200 sales in 2 months

Can it be? Have we gone two month in the spring selling season without a single day hitting over 200 properties sold?

Myraandrews has gone through Paul’s numbers and it looks like that’s the case:

In over two months not a single day of over 200 sales

May 10 New 229 Sold 126 TI 10957
May 9 New 309 Sold 172 TI 10914
May 8 New 318 Sold 117 TI 10835
May 7 New 389 Sold 131 TI 10697

May 4 New 191 Sold 110 TI 10540
May 3 New 213 Sold 103 TI 10503
May 2 New 268 Sold 146 TI 10481
May 1 New 363 Sold 134 TI 10420
Apr 30 New 375 Sold 163 TI 10459

April 27 New 147 Sold 89 TI 10347
April 26 New 208 Sold 161 TI 10,332
April 25 New 239 Sold 123 TI 10,345
April 24 New 323 Sold 136 TI 10,299
April 23 New 385 Sold 145 TI 10,180

April 20 no post from Paul
April 19 New 211 Sold 133 TI 10,006
April 18 New 266 Sold 128 TI 9989
April 17 New 297 Sold 120 TI 9898
April 16 New 377 Sold 191 TI 9799

April 13 New 152 Sold 137 TI 9727
April 12 New 199 Sold 112 TI 9748
April 11 New 248 Sold 101 TI 9709
April 10 no post from Paul
April 9 New 382 Sold 117 TI 9450

April 6 no post from Paul
April 5 New 268 Sold 164 TI 9264
April 4 New 324 Sold 154 TI 9204
April 3 New 538 Sold 131 TI 9104

Mar 26-29 New 793 Sold 455 TI: 9032 (summary only)

March 23 New 123 Sold 110 TI: 8916
March 22 New 139 Sold 107 TI: 8944
March 21 New 193 Sold 138 TI: 8948
March 20 New 279 Sold 142 TI: 8931
March 19 New 307 Sold 120 TI: 8862

March 16 New 158 Sold 117 TI: 8743
March 15 New 154 Sold 127 TI: 8737
March 14 New 231 Sold 140 TI: 8749
March 13 New 277 Sold 159 TI: 8688
March 12 New 327 Sold 139 TI: 8642

March 9 New 139 Sold 91 TI: 8510
March 8 New 196 Sold 118 TI: 8496
March 7 New 204 Sold 99 TI: 8442
March 6 New 246 Sold 130 TI: 8372
March 5 New 316 Sold 104 TI: 8344

464 Comments on "No days with over 200 sales in 2 months"

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Just me
Guest
Just me
Name
Guest
Name

The world wants higher interest rates. It is the natural order that’s been suppressed far too long.

DaMann
Member
DaMann

200 sales? You’re hard pressed to find any above 150 let alone 200. Interesting. Still piss all for inventory though. Nothing much will happen until 20k

DaMann
Member
DaMann

Only 7 days above 150 sales

Dave
Member

It’s dead out there. The Province will be hundreds of millions short of Property Transfer Tax Revenue this year.

Dyugle
Guest
Dyugle

And they will look for another source of revenue. Hmmm what industry has made the most money over the past decade??

Dave
Member

Importing Chinese millionaires? Money laundering?

Name
Guest
Name

It’s easy to balance the budget when they have a corrupt economy in the first place.

Doomcouver
Guest
Doomcouver

Speculators are n’t listing at the moment; they’re waiting for a rebound. When they realize the rebound isn’t coming they’ll panic sell just like everyone else.

bullwhip29
Guest
bullwhip29

reposting this…imho this has the potential to turn this market on its head more so than any other factor i can see. should FBs prevail, we will be talking about this for decades. not the final nail in coffin, but rather the 6 ft of dirt that gets dumped into the hole…

Legal challenge to B.C.’s foreign-buyers tax heads to court in June
https://www.theglobeandmail.com/real-estate/vancouver/article-legal-challenge-to-bcs-foreign-buyers-tax-heads-to-court-in-june/

Lost,... but not leased
Guest
Lost,... but not leased

This court challenge will be interesting.
Other countries have ownership restrictions….

IMHO, and I have noted this in the past..”Commonwealth ” nations(ie Canada, Australia , New Zealand etc )seem to have be hit by this Sino invasion….

Gov’ts will SHITE over this case..as it has all the hallmarks of being pushed to the Supreme Court(Thanks Pierre TURDeau for your sell out of Canadians and setting up Supreme Court as the REAL Governance Body).

My prediction?….They will WIN this case..and watch SHTF…….bend over Canadians.

Dyugle
Guest
Dyugle

Not withstanding clause can overturn the Supreme Court.

patriotz
Member

I predict they will lose at the outset, but if not, it will go all the way to the Supreme Court of Canada. Every province maintains it has the right to such a tax (whether it imposes one or not) and will fight to preserve this.

Doomcouver
Guest
Doomcouver

Yeah I don’t see how they have much of a case. The government can tax pretty much however they please. Also if the BC Government loses this case it sets a dangerous precedent for other groups to take the government to court over taxes they don’t like. They should have just banned foreign buyers entirely. Taxing them is a lazy half-measure.

CRA221
Guest
CRA221

Agreed. Section 92 (13) of the constitution act also says that Property in a province is under exclusive provincial jurisdiction. Previous attempts at challenging PEI’s foreign (and out of province Canadian for that matter…) buyers tax have failed even post-charter.

bullwhip29
Guest
bullwhip29
this is by no means a slam dunk, however, this is the Prov vs the deepest pocketed crooks on this side of the planet that we are talking about. horgan would be digging his own grave should he really dig in his heels, rack up excessive legal expenses and fight this to the ends of the earth just to spite the monied interests. the longer this drags on and the higher up the foodchain this goes the more likely it is that FBs come out not only victorious but willing to go for the jugular in terms of size of settlement. given that trudeau has the swing vote and will attempt to ram through whatever suits his needs, you can never say never. lastly, i have a sneaking suspicion that we have not heard the last from Krusty on the… Read more »
Best place on meth
Member
Best place on meth

When Jing Li loses, she will have to pay back all court costs to us taxpayers, right?

Laibach
Member
Laibach

I would think that she had that option covered by Sutton, Westcoast, Remax and other interested parties.

bullwhip29
Guest
bullwhip29

Cycling victim’s heartbroken family, friends stare down driver in Richmond court
http://www.richmond-news.com/news/cycling-victim-s-heartbroken-family-friends-stare-down-driver-in-richmond-court-1.23303182

No matter how hard they tried, Michael Fan would not make eye contact with them…

Not once did Fan, who was 19 at the time of the crash, flicker, with his head slightly bowed for most of the two hours of statements from the victims…

Groans of disgust and shakes of the head were prevalent in the court when Crown counsel told of how Fan changed his story several times to police of his movements the night before the crash in order to “not look so bad…

Fan’s lawyer told the court that his client is opposing the one year driving ban…

Name
Guest
Name

He works as a realtor too. ugh.

rockerguy
Member
rockerguy

“The court was set to reconvene later on Tuesday for Fan’s sentencing, for which the Crown is asking for an $1,800 fine and a one-year driving ban.”

How is this okay?

Doomcouver
Guest
Doomcouver

Just more evidence of Canada’s “soft on crime” approach to justice. Being a hard working police officer must be extremely demoralizing. You’re trying to get dirtbags off the street and the courts push them right back out.

Dave
Member

The guy who made a joke about lesbians got more punishment than a guy who recklessly killed a cyclist.

Our judicial system is as broken as Vancouver real estate.

Dave
Member

The older I get, the more I dislike Canada. That part of me wants to vote yes on PR just to watch this ridiculous place burn.

Whister or Bust?
Guest
Whister or Bust?

Agreed. I truly fear for the future for my kids.

We are squandering what is one of the best countries in the world in so many ways. I am hard pressed to name one way Canada has improved in the past 5 years.

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

There are, and have always been, dumbasses who talk like this in just about every country. We’re all going to hell in a handcart, I tells ya!

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

AIDS with the usual. Adding nothing.

Name one way the country has improved?

Except the 50,000 Haitian “refugees” who have come across the border in Quebec in the last 12 months. Or the thousands of Chinese criminals and money launderers we have give PR to? Other than those two things which are undoubtedly positive, name one.

KickThemOut
Member
KickThemOut

Oracle?

Doomcouver
Guest
Doomcouver

European cultural genocide, nonsensical identity politics, and greedy dirtbags lining their pockets will be the legacy of the current Canadian generation. It’s sad so many are so blind to what is happening. Canada will be a destitute craphole very soon.

bullwhip29
Guest
bullwhip29

the $1800 and 1 yr ban is a done deal

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

Repost? Pathetic.

Best place on meth
Member
Best place on meth

Fuck off, AIDS.

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

Haha, you took the initials of my handle and translated them back from French in order to make a contrived dumbass “joke” which nobody understands. You’re so fucking smart!

Best place on meth
Member
Best place on meth

My 3 word post bothered you a lot.

Full retard.

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

On the contrary, it’s such incredible creativity which makes you so employable.

Whister or Bust?
Guest
Whister or Bust?

I think his “joke” sums you up quite well.

Laibach
Member
Laibach

“…nobody understands” you just went a full retard, get your shit together and stop embarrassing yourself.

Lost,... but not leased
Guest
Lost,... but not leased

In the news…..seriously

Montreal Mayor (SIDA?) pushing for 12 self cleaning toilets in Chinatown…..

This begets the question/s

Is he referring to Beijing?.,…Metro Vancouver?
…and does this involve robots or TFW?

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

You should consider, you know, trying to make sense.

rockerguy
Member
rockerguy

Thanks for the data. I’ve updated my (incomplete, but hey) spreadsheet. The weekly average inventory chart is rather telling:

https://docs.google.com/spreadsheets/d/e/2PACX-1vR65XizlBICoNpcjgHUYDuGzWbPtAuOwRkwqcz_FlGik7w9CLQtcthLBhSynhhX01tF1ekiC1Xh6RRd/pubchart?oid=1964361805&format=interactive

As you can see, it’s climbing up and to the right this year vs. previous years. We’ll pass 14K by mid-year unless something changes in the trajectory.

Dave
Member

Nice work and thanks.

Doomcouver
Guest
Doomcouver

That is a surprising steep trajectory for this time of year.

Boom
Guest
Boom

Half the detached listings are land assembly

Whister or Bust?
Guest
Whister or Bust?

Thanks for the effort. I was driving though some nice Westside neighbourhoods and was surprised by the number of listings. It seems like every street has a house or two for sale. I would have to think the $3mi + inventory is huge right now. Lots of signs around my place have been up for several months. This would have been unheard of 6 – 12 months ago.

Just me
Guest
Just me

Yet, they are not reducing asking prices significantly.

I wish MLS sale data were publicly available, as we could gauge how large a discount they have to concede in order to sell.

But apparently that information is confidential….

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

Of course it’s confidential. If it were made public you’d see how many times they cancel and relist instead of reveal the true time it took to sell as well as number of price reductions.

Name
Guest
Name

Taiwan is no longer listed as independent country on Air Canada booking website

https://globalnews.ca/news/4210937/taiwan-china-air-canada/

“Air Canada joined a growing list of air carriers that have reportedly bowed to Chinese pressure by listing the capital of Taiwan as a part of China on its booking website.”

Laibach
Member
Laibach

When will the shit related to China stop flooding Canada? Is there any other country and nation to talk about and deal with?

Just me
Guest
Just me

The main reason is that China is too big a market to lose. Shameful and spineless behavior.
Will anyone ever stand up to this massive dictatorship?
Nothing good will ever come from appeasing that authoritarian country of 1.3 billion people. Not a chance.

Doomcouver
Guest
Doomcouver

People will stand up to them when China’s credit market collapses, and HAM become deadbeat debtors the world-over.

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

You could always boycott those airlines.

Just me
Guest
Just me

Do you also support the behavior of the Chinese communist regime?

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

I really have no opinion on Taiwan. It’s not exactly relevant to my life. But feel free to get passionately involved in pointless territorial disputes if it appeals to your caveman ways and gives your life purpose.

Best place on meth
Member
Best place on meth

Pointless territorial disputes?

If you can’t defend Taiwan against the communist scumbags, you don’t deserve to breathe.

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

I’d expect nothing less from the resident mouth-breather.

Whister or Bust?
Guest
Whister or Bust?

“Pointless territorial disputes”

I think you opinion on Taiwan is abundantly clear.

AIDS you have long been outed as a Mainlander and staunch supporter of China and the communist regime.

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

You’re such a dumb fuck. Does it hurt to be so stupid?

Whister or Bust?
Guest
Whister or Bust?
I think you are a 50 center. I think you live in China and may never have been to Vancouver The 50 Cent Party, or 50 Cent Army (Chinese: 五毛党), is the colloquial term for Internet commentators (Chinese: 网络评论员), hired by Chinese authorities in an attempt to manipulate public opinion to the benefit of the Chinese Communist Party.[1][2] It was created during the early phases of Internet’s rollout to the wider public in China. The name derives from the allegation that commentators were said to be paid fifty cents (in Renminbi) for every post,[3][4][5] though some speculate that they are probably not paid anything for the posts, instead being required to do so as a part of their official Party duties.[6] They created favourable comments or articles on popular Chinese social media networks, intended to derail discussions that are unhelpful… Read more »
Just me
Guest
Just me

You seem to have an opinion on pretty much everything. You never shut up. But you don’t have an opinion on Taiwan?

Let me ask another question: if China forced its authoritarian political system on Taiwan, would you condemn China openly and unambiguously?

It is just a simple question.

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

Yes I would, because any such action would destabilize what’s currently a controlled situation. But in general I don’t care for petty regional squabbles because they have zero impact on me. Is that clear enough for you, dumbass?

Just me
Guest
Just me

Ok. Let’s repeat it together now…China is an evil dictatorship and wants to impose its will on weaker countries….China is an evil dictatorship and wants to impose its will on weaker countries….China is an evil dictatorship and wants to impose its will on weaker countries….

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

Reality check – pretty much every country wants to impose its will on weaker countries.

Just me
Guest
Just me

But I still prefer democracies.

China is an evil dictatorship, where human rights are an afterthought and rule of law not existent. People cheat and steal to run away from there, unless they have political protections.

Disagree? You remind me of Henry Yu, China apologists to the end.

Go Taiwan go!

StupidityCheck
Guest
StupidityCheck

Shut It Up Already.

Lost,... but not leased
Guest
Lost,... but not leased

May as well call a spade a spade…

……..thus soon include much of Metro Vancouver as part of China

Best place on meth
Member
Best place on meth

Air Canada has always been a shitty airline, now it just got shittier.

Laibach
Member
Laibach

True, totally sub-league compared to KLM, Lufthansa, Quantas, Swissair, etc… but who cares as long as they have Chinese to fly and make ruling regime happy.

Best place on meth
Member
Best place on meth

Not to mention EVA, Taiwan’s national airline.

Always ranked in the top five worldwide unlike the garbage chicom airlines that everyone despises.

patriotz
Member

“Not to mention EVA, Taiwan’s national airline.”

Taiwan’s national airline is actually China Airlines.

But yes EVA is good, I’ve flown with them myself.

KickThemOut
Member
KickThemOut

Too bad they don’t let aholes like you onboard.

Best place on meth
Member
Best place on meth

I’ve only taken about 50 flights on EVA.

Diadora
Guest
Diadora

Canada and its corporations are kowtowing to a communist dictatorship. We have just sold our soul to the devil!

Laibach
Member
Laibach

That still could be fixed as soon as on the next elections. People only need the right candidate who will defend and work for the country instead of useless Manchurian puppet-mannequin.

Whister or Bust?
Guest
Whister or Bust?

Agreed.

How’s that vote for “Change” working out for all your Trudeau supporters?

Its ok to make a mistake. Its not ok not to fix it by voting for Mr. Dress up in the next election or not voting at all.

Make Trudeau a Drama Teacher Again!

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

My new handle until the election.

Formally Whistler or Bust?

patriotz
Member

“How’s that vote for “Change” working out for all your Trudeau supporters?”

On restraining the housing market Trudeau’s government has been objectively better than Harper’s.

Just me
Guest
Just me

That is sadly true. But not because Trudeau and Moreau are great. It is more that Harper really sucked: 40 year mortgages, full CMHC subsidization, zero down mortgages, Federal immigrant investor program, the list goes on…

The Harper government was pro-homeowners, it time. Trudeau is simply more neutral. We need to have a government that recognizes that housing has become an investment and taxes as such. We need land taxation: efficient and fair (see what Friedman, Vikrey and many famous economists have written about the prefer ability of land taxes relative to income taxes).

YVR
Guest
YVR

LOL housing prices are up 50% since the election. I love how you lefties look at empty policy changes and ignore what matters. Prices!

Hyper-mega-Bull
Member
Hyper-mega-Bull

hmm… who was that guy who was always talking about sinofication? i wonder if he’s on to something???

paulb
Member

New
315
Price Change
126
Sold
178
TI:11127

http://www.clivestevepaul.com

Laibach
Member
Laibach

Are those amateur landlords desperate or else? A lovely basement for 6K can be rented, lol…

https://vancouver.craigslist.ca/van/apa/d/vancouver-3-bedroom-furnished/6569287420.html

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

Also in violation of the Landlord Tenancy Act. When the NDP outlawed fixed term leases this became illegal. Anyone moving in there can stay on month to month regardless of what the landlord has them sign.

This was another smart move to “increase tenant rights” when all it did was decrease supply. When you make it harder for landlords kick out bad tenants it does not increase supply. But I would not expect a bunch of people who have never run any sort of business to understand something so simple.

Its like the NDP making businesses pay the MSP premiums and calling it a saving for working class people. – Complete and utter fools. Surely they can understand that businesses will simply cut wages, hours or increase prices.

Even you NDP voters must be shaking your heads.

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

Kicking out bad tenants doesn’t increase supply unless said tenants leave the city of become homeless. Or is that too simple for you?

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

Wow you really are stupid aren’t you? I am now 100% sure you are not living in Vancouver and are in some backwater in China.

My point was, if you make it harder for landlords to kick out bad tenants (by removing fixed term leases) you decrease supply not increase it. Many just give up and say fuck it and not rent. Not every landlord needs the rental income and for many it becomes too much of a bother.

Now run that through your Google translator and get back to me with smart ass answer that has little or nothing to do with the post.

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

It’s hardly my fault that you’re unable to adequately explain yourself.

MAKE TRUDEAU A DRAMA TEACHER AGAIN
Guest
MAKE TRUDEAU A DRAMA TEACHER AGAIN

There it is!

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

So essentially you’re saying that a significant number of investors (enough to meaningfully influence supply) would rather pay the empty home tax than do a simple reference check on their tenants (which a property management company would for conduct for them anyway)?

Sounds more than playable.

KickThemOut
Member
KickThemOut

Why don’t they just lease to someone who has no intention of living in the unit?

patriotz
Member

“Not every landlord needs the rental income and for many it becomes too much of a bother.”

Yeah right, with all those mortgages coming up for renewal with higher rates (for the first time in decades) those landlords are going to say “Ah to hell with it, I don’t really need the money”. Give us a break.

Name
Guest
Name

I have an empty 1 bedroom basement suite with no plans to rent it.

KickThemOut
Member
KickThemOut

So you are a fucking parasite sucking on the teats of bears & renters!

bullwhip29
Guest
bullwhip29

and yet another Freudian slip of the tongue…

Hyper-mega-Bull
Member
Hyper-mega-Bull

patriotz disagrees with this statement: “Not every landlord needs the rental income and for many it becomes too much of a bother.”

patritoz things EVERY SINGLE landlord needs rental income.

EVERY SINGLE ONE.

you’d think mr. pedantic would be more careful with his wording.

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

If they don’t intend to have a tenant they’re not a landlord, dummy.

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

First comment in a few years from me…

Just wanted to chime in and point out that 6K furnished rental in South Granville has one of those old stoves with the coil hotplates and tin foil to catch the drippings. The knobs look pretty old fashioned. I don’t even think you can buy stoves new like that anymore because all the new ones for years now have the flat cooking surfaces, not the coil electric hotplates. That looks like the kind of stove a landlord would buy from a used appliance store. I have rented many cheap ghetto apartments in my day and that stove looks like it came from one of those apartments. If I am paying 6K per month in rent, I expect brand new appliances!!!

Name
Guest
Name

Based on the design/style that stove looks to be at least 20 years old.

Hyper-mega-Bull
Member
Hyper-mega-Bull

floods in chilliwack, floods in langley.

know where there won’t be any floods?

richmond.

patriotz
Member

Sellers aren’t panicking in Toronto’s weakened housing market

Yet. Something to keep in mind is that most discretionary sellers would buy another property with the proceeds, so the dropoff in supply also results in a dropoff in demand. And I’ve heard this before:

“It may be that people are trying to time the bottom of the market,” said Rishi Sondhi, an economist with Toronto-Dominion Bank. “They’re holding out because they think the market is going to turn around.”

bullwhip29
Guest
bullwhip29

even the slightest whiff of a rumor that the FBT class action is moving full steam ahead in BC would make knowledgeable sellers back off en masse in this country’s major markets.

Hyper-mega-Bull
Member
Hyper-mega-Bull

Satellite data strongly suggests that China, Russia and other authoritarian countries are fudging their GDP reports

https://www.sfgate.com/business/article/Satellite-data-strongly-suggests-that-China-12916204.php

Laibach
Member
Laibach

News would be if they don’t otherwise, this is a process as usual.

KickThemOut
Member
KickThemOut
From the you can’t make this shit up file, one of the co-orkers is discussing throwing out 2 of her tenants this morning. One was a family who by all measures would be perfect tenants. Their crime? They got their kid a gerbil and that was a violation of the no pets policy in the lease. So they were given an ultimatum – pay 25% extra or get fuck out. They refused the extortion and is now kicked out. The lady didn’t let it go to tenancy office. Simply hired some tough looking dudes to throw all the family’s belonging into a storage locker, cancelled their keycards, and told them to pay up for the locker fee & a “processing” fee of $500. :O Why did she hire the tough looking dudes? Apparently she has to kick out another tenant.… Read more »
Name
Guest
Name

This is all obviously made up. Nice try though.

KickThemOut
Member
KickThemOut

This sums up why bears have been so devastated in the last 15 years. They believe fiction over facts, fantasy over reality. How are those rental savings working out for you? I would have thought with all those savings & subsidized living, you wouldn’t want housing prices to come down and ruining your comfy little lives.

bullwhip29
Guest
bullwhip29

if things continue as is, mommy might kick you out of the basement and move a real paying tenant in to cover some unforeseen future bill payments…

Royce McC
Guest
Royce McC
You apparently have the same issue as Hyper-mega-Bull: you view bears as a monolithic group – and like to pretend that that group made a wrong bet a decade and a half ago and are just now bitter basement dwellers. I would bet that the majority of people expressing what you would take as “bear-ish” views were in school for a big chunk of the last 15 years – and were maybe even in elementary school for part of that time frame. I’ll say it again: these people (who are growing in number) are going to torch their predecessors who screwed them on the housing file. They’ll do it via their voting choices, their indifference (or hostility) to the essential service needs of an aging population, and/ or their willingness to even stay here. There is open contempt for people… Read more »
bullwhip29
Guest
bullwhip29

while you spew out this endless fabricated nonsense it is amusing how you unconsciously (or maybe deliberately) mention little tid bits about gerbils, gay porn and sex parties among countless other things (from other past posts) that provide us all here with a clue about the real person you are…

KickThemOut
Member
KickThemOut

You are fucking sick.

bullwhip29
Guest
bullwhip29

just admit you are crying out for help…it’s ok…really.

Just me
Guest
Just me

Divorce judge notes ‘substantial unfairness to Canadian people’ in couple’s (lack of) taxes
BC Supreme Court decision says couple ran business on simple lines: all cash, no deductions, no GST

http://www.cbc.ca/news/canada/british-columbia/divorce-taxes-court-canada-revenue-1.4664013

Just me
Guest
Just me

“The divorcing couple: landscapers Yuk Mui Wong and Guo Can Li.”
“As Russell points out, they ran their business on “very simple lines”: no deductions for GST or income tax; no employee deductions “and the parties kept the cash they received and did not deposit it in the bank.”

“Neither Ms. Wong nor Mr. Li has properly paid income tax over the last many years,” Russell wrote.

“It is not my role to attempt to calculate the income tax the parties ought to have paid, but I will point out the substantial unfairness to the Canadian people who meet their income tax and GST obligations from those who do not.

“Mr. Li and Ms. Wong seem to have no hesitation in, for example, using roads or Court services without the least sense of a responsibility to contribute to the costs of those services.”

bullwhip29
Guest
bullwhip29

Du No Wong
Guo Can Lie
Sum Ting Wong
Ho Li Fuk…

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

Ray Cyst Shitbag.

Best place on meth
Member
Best place on meth

Fuk Yu AIDS

Just me
Guest
Just me

“The judge’s observations followed a 13-page reckoning of their finances that saw Li refuse to co-operate with an expert retained to value their business. Russell said there was no evidence Wong supplied him any of her records either.

That left the judge the difficult task of trying to calculate spousal support.”

Just me
Guest
Just me

“Her two children from a previous marriage own two thirds of the couple’s matrimonial home. Li is listed as the owner of the other third.

The difficulties in assessing their finances came in part from Li’s lack of participation.

The 45-year-old was ordered to pay his 55-year-old ex-wife and business partner $500 a month spousal support last August. But he has paid her nothing to date.

He dismissed his counsel last fall and did not attend any part of the trial.”

Just me
Guest
Just me

“The judge said Wong also had rental income of about $21,600 but there was no evidence of where the property was located, and the amount didn’t show up on her taxes.

Records for the landscaping business appear to have been equally patchy.

“No deductions were taken and remitted to Revenue Canada from wages of the seven to eight workers employed at the height of the business,” Russell said.

“Ms. Wong remarked that she would not have been able to find workers if she made deductions from their pay.”

Just me
Guest
Just me

“If by some possibility, the Canada Revenue Agency decides to pursue these parties for income tax and GST owing, that debt will be joint,” she wrote.”

Best place on meth
Member
Best place on meth

The deportation of these scumbags should also be “joint”.

KickThemOut
Member
KickThemOut

Just Me & Southseas company’s slogan: Make VCI great again by copy & paste spam

Dave
Member

Revenue Canada strikes again with incompetence. If you’re a regular working guy who pays taxes, you’re getting so screwed in this country. So many people are paying no taxes.

realist
Member
realist

Yes, and of all the many avenues of income tax evasion, RE is “Main Street” – amateur landlords, fake “principal residences”, bare trusts, etc, etc…

Laibach
Member
Laibach

Divorce judge should apologize and grant them compensation for emotional pain and loss of cash during the trial. It is very surprising that judge is not aware of those cultural norms.

Jenny Kwan – “The Chinese are very private about their money. This law goes against our culture.”

http://www.vancouversun.com/news/Vancouver+candidates+promise+track+down+Canadians+flouting+foreign+asset+disclosure+laws/11403459/story.html

Name
Guest
Name

Education, immigration, trade can lift Canada’s growth prospects: central bank

http://www.news1130.com/2018/05/16/education-immigration-trade-can-lift-canadas-growth-prospects-central-bank/

“the expansion of immigration levels delivers an obvious injection to the labour supply,”

More immigrants to compete for fewer jobs. Therefor wages go down and we all work for peanuts. Let’s continue to destroy Canada with mass immigration.

KickThemOut
Member
KickThemOut

We need to kick out the useless rafts and take away citizenships from those citizens of convenience and local traitors. Any adult who hasn’t been in Canada and/or paid taxes in 5 years should automatically have their citizenships revoked and kicked out.

Oracle
Guest
Oracle

You don’t own Canada anymore. It belongs to people of other countries as well. More so going forward.

Hopefully BC can become a separate separate country. Dual citizenship with India and China.

Oracle
Guest
Oracle

Higher rents coming.

Best place on meth
Member
Best place on meth

Bank of Canada is a puppet of globalists.

xyz
Guest
xyz
Best place on meth
Member
Best place on meth

“Denmark has a law against foreign ownership to the effect that non-EU nationals can’t buy a home unless they have lived in Denmark for five years, are employed there, and the home will be their principal residence. Denmark can also restrict non-Danish EU citizens from buying second homes in the country.”

“The Swiss government imposes annual quotas on the number of homes that can be sold to foreign nationals.”

“The Philippines does not permit foreigners to buy land at all, although they can buy the house or condo that sits on the land.”

How do we Canadians get ourselves a competent government that puts our interests ahead of people from other countries?

xyz
Guest
xyz

@BPOM

Ballot box…

bullwhip29
Guest
bullwhip29

regarding the sales data…

while no days with 200+ the daily average for the period indicated mar5-may10 is approx 128 and hasn’t wavered radically from the average on a week to week basis either. the daily average for may so far is 134, which is certainly nothing to get excited about but also not indicative that sales volumes are deteriorating further. while both bullish or bearish catalysts could trigger a surge in sales, i would gather that most here would assume it will be the latter that is to unfold…

Dave
Member

Flat sales are actually quite bearish. Sales typically pick up substantially in April, May and June. We’re halfway through the Spring Market and sales are dead.

Inventory is the bigger question right now and how long it will continue the current trajectory. If it can grow to say 18 – 20,000 by the Fall, while sales remain the same as now, it’s going to be an ugly Fall market.

bullwhip29
Guest
bullwhip29

what everyone is waiting on is a reason to step up offers or lower asking prices (ie. start hitting bids). then again, maybe market just stays in a coma until next election? we’ll see in due course how many of these sellers are for real or not…

Laibach
Member
Laibach

There will be some major trigger required to hit Canadian market (Ontario and BC) as it happened in the US in 2008 with subprime crap. Until then it will be just a slow racking without clarity about an eventual crash. Either it could be interest rates (tough chance, to slow) or major crisis (more likely).

Dave
Member

Ya, I think we’re in for a shallow correction with our current situation (say 10%) while a broader economic downturn would really harm our market (another 15%).

I see prices dropping over the next 6 to 12 months and then stagnating until the next financial crisis/recession.

bullwhip29
Guest
bullwhip29

FOMO understandably has a pretty good stranglehold on the psyches of many prospective buyers as well as existing owners who don’t want to risk timing the market wrong and having to buy back their house at a higher price after some ding dong govt official abruptly decides it’s time to whip the rug out from under everyone (again)

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

Nobody will sell their house with a goal of buying it back at a lowest price. That would be stupid.

Oracle
Guest
Oracle

So wasn’t B20 supposed to crash sales to near zero? What happened? Lol

Name
Guest
Name

Home Capital secures cheaper credit line from two Canadian banks

http://www.news1130.com/2018/05/16/home-capital-secures-cheaper-credit-line-from-two-canadian-banks/

TORONTO – Home Capital Group Inc. has secured a $500-million standby credit line from two unnamed Canadian banks to replace its more costly emergency funding facility from Warren Buffett’s Berkshire Hathaway Inc.

HCG is still alive and kicking…

Patiently Waiting
Member
Patiently Waiting

So I’ve been watching the low end of the New Westminster condo market, and it is screwed. Slum condos are now going for $400K.

Check this one out:

https://www.rew.ca/properties/R2267979/507-838-agnes-street-new-westminster-bc?direction=desc&sort=latest&page=1&search_type=property_browse&search_id=new-westminster-bc

$410,000 asking. Two very comparable condos (same size, same building) are on Craigslist with asking rents of $1350 and $1400. An investor could easily lose $1000/month on this place. What The Fuck?

Oracle
Guest
Oracle

People ridicule me here. But fail to see what’s happening in the sub million market. Surrey rents are going up by a rate of 50% a year.

But these people who don’t want to see this are gonna pay the biggest price. Homeless families coming.

Patiently Waiting
Member
Patiently Waiting

50%? Whatever.

Name
Guest
Name

Oracle: why stop at 50% if your making up numbers make up 75% or 90%

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

That’s an increase of 50x in a decade, dumbass.

Oracle
Guest
Oracle

The other thing your missing is what happens if bought with cash? That’s a return of almost 5% gross.

And what happens when paid off in 20-25 years. Free money.

Patiently Waiting
Member
Patiently Waiting

In 25 years, that will be a 50 year old crappy condo, long past ready for the wrecking ball. Those strata fees are too low, so you know the building isn’t being properly maintained.

Simple Solution
Member
Simple Solution

1. If you bot with cash it would be paid off immediately.
2. Using 410000 Asking and 1400 monthly rent , that is a 4% return BEFORE any expenses and assuming 100% occupancy…
3. There is no such thing as free money

Name
Guest
Name

For $410,000 invested in a certain thing on the TSX I can get $ 3,850 a month in dividends with no hassle. I know this because I’m doing it now. And that’s with the dividend tax credit.

Just me
Guest
Just me

Genuinely curious: what things on the TSX ?
Need to do something similar. But most dividend paying r
Etf or shares seem highly volatile. Tips welcome.

Name
Guest
Name

You can look here:
https://www.quadravest.com/
I like some of them better than others and will not make any specific recommendations. Please do your due diligence and research.

Also some income funds:
BPF.UN Boston Pizza Royalties Income Fund
AW.UN A&W Revenue Royalties Income Fund
KEG.UN Keg Royalties Income Fund (The)

A high yield dividend stock:
CWX
CanWel Building Materials Group Ltd. is a good and well run company.

glta

YVR
Guest
YVR

All of the above have massive capital losses which make the total return negative over the past year. You could have done better in a GIC.

Name
Guest
Name

“Massive capital losses”. Good grief stick to your real estate.

YVR
Guest
YVR
BPF.UN Boston Pizza Royalties Income Fund Prev close 19.97 52-wk high 23.48 AW.UN A&W Revenue Royalties Income Fund Prev close 32.21 52-wk high 38.50 KEG.UN Keg Royalties Income Fund Prev close 18.00 52-wk high 23.15 Your top 3 picks are down about 20% in capital losses in the past year but only yield about 6%. That is a net loss of 14% before taxes which you are paying on the 6% yield but cannot even deduct the 20% loss from. You pay tax on taking a 14% loss which puts the loss more like 16%. This while the S&P 500 is up 14% plus a 1.7% dividend. Compare the net loss of 16% of your picks to a index net gain of 15.7% which is a 31.7% difference in one year. Massive in my books. It will only get worse… Read more »
Shut It Down Already (original)
Guest
Shut It Down Already (original)

And if 11% is the *average* yield some of them must be real stinkers.

Name
Guest
Name

Sure just stick with that 1% GIC that’ll work much better for you. Goof.

Just me
Guest
Just me

Thanks. Will have a look.

Name
Guest
Name

You’re welcome.

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

It’s not a “company” you idiot? You think any of these royalty funds are detached from the underlying business?

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

Companies with 11% yields are the most stable, after all. LOL.

Name
Guest
Name

It’s not a “company” you idiot. At least you got the yield correct.

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

Whatever entity it is the yield is an indication of risk. Sounds like you’re all in. I approve.

Oracle
Guest
Oracle

Hahaha

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

When it’s paid off you have opportunity cost.

bestplaceonearth
Guest
bestplaceonearth

You could have bought years ago, when you moved out of the dump. that people peed on your front door. Still doing the rent vs. buy calculation?

Patiently Waiting
Member
Patiently Waiting

Day drinking again?

Laibach
Member
Laibach

No, Byron is a natural idiot, killing time between diaper’s duties.

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

It’s not far from breakeven. Check your math.

Oracle
Guest
Oracle

There you go. My sources were correct.

BC Liberal Leader has said they would cancel all real estate taxes brought in by the NDP within 100 days of being elected.

And with NDP not taking bold action, it doesn’t look good. Angry homeowners who want to protect equity will make the referendum fail.

I think this is what the NDP wants. If not, they are a bunch of morons. Why didn’t they take bold action in the first 100 days??

Prepare for monumental disappointment. The smart are not surprised.

Royce McC
Guest
Royce McC

If I were running strategy for the BC Liberals, I would strongly advise against those announcements. I’d hammer the pipeline stuff and the iffy execution of the referendum on how we vote, plus I’d work to play up schisms between the NDP and Greens.

Those real estate tax measures are very well-supported by the general population. And the arguments from West Side millionaires about the unfairness of the school tax, even as they ignore their stupidly low tax rates and many other favorable tax benefits, play right into class warfare that benefits the NDP.

If the BC Liberals want to get re-elected, they should be making it HARDER to paint them as the party of rich landowners and developers. Yeesh.

Dave
Member
It’s a terrible political move for all those reasons, and it’s unnecessary. Zero votes gained and many lost. The Liberals are still in a bit of a mess and are disorganized. Wilkinson is coming across as out of touch. He’s not very public to this point and not showing himself to be a leader. Horgan would get a majority if he had the guts to pull the plug, which I don’t think he does. If he made a deal on Kinder Morgan and pushed LNG, he’d win. I’m hearing rumours of internal divisions within the NDP caucus. I guess that’s nothing new for the NDP in BC, but I’m hearing it’s there. If Horgan gets PR passed, I predict his own caucus will boot him aside after the next election. In contrast, if he gets himself a majority, it will… Read more »
Best place on meth
Member
Best place on meth

I respect Horgan for sticking to his promises and not pulling the plug on the Greens because he thinks he can get a majority.

A referendum on PR is his biggest promise.

Oracle
Guest
Oracle

What promise has he kept so far??

Just me
Guest
Just me

“Those real estate tax measures are very well-supported by the general population. And the arguments from West Side millionaires about the unfairness of the school tax, even as they ignore their stupidly low tax rates and many other favorable tax benefits, play right into class warfare that benefits the NDP.”

Amen.

bestplaceonearth
Guest
bestplaceonearth

Bhahahahaha, a bear said something, another bear repeated and prayed, hahaha! Just Me is just like a copying and paste puppet .

YVR
Guest
YVR

We will see. All those impacted by the tax will be voting and many will be giving maximum donations to the party that is going to rescind the taxes. Remember 70% home ownership province wide. If prices actually do go down then it will be even worse with the depression and job losses that comes with it. If prices don’t go down then all the NDP cheer leader are not going to be so happy. NDP are one term wonders no matter what happens.

Royce McC
Guest
Royce McC
“All those impacted by the tax will be voting and many will be giving maximum donations to the party that is going to rescind the taxes.” None of those people affected by the tax are likely to have ever been NDP supporters (and I’m sure many were BC Liberal donors to boot). And even a neighborhood lousy with $3M+ homes, that would have been represented by the Premier herself in one instance, has seen fit to vote NDP for successive terms. Also, in the Lower Mainland, home ownership rates are far lower than 70% – and those various real estate tax measures are seeing 80%+ support in the area. The current provincial government has been formed on the basis of NDP gains in the Lower Mainland. I do agree that a province-wide real estate cataclysm without any obvious external drivers… Read more »
Oracle
Guest
Oracle

Agree.

Their base won’t be motivated to go out and vote. Prices up 23% in sub million since election.

Plus

Site C
LNG
TMX
No ridesharing

And the list goes on an on

Combat Roach
Guest
Combat Roach

Is Weaver getting the pressure from Madame Qu?

Dave
Member

Who? When you sit at the top of the Ivory Tower in Oak Bay with an faux English Accent, you don’t take advice or receive pressure from anybody. Weaver is above that.

bullwhip29
Guest
bullwhip29

In Luxury Defined, Christie’s International Real Estate’s sixth annual white paper, the “hottest” ranking luxury primary housing market in the world is Victoria, British Columbia, with strong year-on-year luxury sales volumes, high domestic demand and an influx of buyers from the United States and China
https://luxurydefined.christiesrealestate.com/luxury-real-estate-global-market-report

download report:
https://luxurydefined.christiesrealestate.com/hubfs/CIRE%20White%20Paper%202018.pdf

Combat Roach
Guest
Combat Roach

They just put US because they don’t want to highlight that it’s all locusts.

Combat Roach
Guest
Combat Roach
Name
Guest
Name

monkeys fling their own poo too …

Best place on meth
Member
Best place on meth

The sign at Tim’s does say “ALWAYS FRESH”.

https://www.youtube.com/watch?v=fddkl6P0boQ

Boom
Guest
Boom

No different than throwing Tim’s reheated diaria coffee at her

Best place on meth
Member
Best place on meth

No clue who this woman is, let’s please not assign blame to mainlanders without proof or we lose credibility while trying to defend our country.

They’ve done enough destruction to our country in large numbers where we can prove it’s them without a doubt.

Thank you.

Laibach
Member
Laibach

That is fake Combat Roach unfortunately not sharp as much.

Best place on meth
Member
Best place on meth

Is he suffering from AIDS?

Despite our best efforts, we still can’t seem to exterminate AIDS.

Laibach
Member
Laibach

Spaceshit in mission. Desperate moron doesn’t know which tactics to use to spew his shit. AIDS happens to be his “genetically blessed” idol.

Combat Roach
Guest
Combat Roach

How long before locusts destroy all priceless archaeological artifacts?
https://www.outerplaces.com/science/item/18433-utah-park-vandalizing-dinosaur-footprints

Name
Guest
Name

UBC prof calls for a further tax on $1 million homes

http://www.news1130.com/2018/05/16/ubc-prof-tax-million-homes/

“Dr. Paul Kershaw, founder of the non-profit organization Generation Squeeze, is calling for an additional one per cent surtax on properties valued over $1 million as a starting point for an ambitious tax overhaul.”

this guy is my hero …

Laibach
Member
Laibach

Yep, it sums it all right in just one sentence…

“What we want to talk about is less tax on local income, more tax on crazy home values, in order to permit better investment in young and old alike,” explains Kershaw.

bestplaceonearth
Guest

the motive is clear, this guy is landless , and wanna pay less income tax. this guy wanna shift all the burden to the wealthy and run free. Maxism does not work.

Just me
Guest
Just me

I guess Milton Friedman was a Marxist.

He suggested many times we should tax land wealth.

Best place on meth
Member
Best place on meth

Taxing wealth makes much more sense than taxing income.

Just me
Guest
Just me

Not all wealth. Land is the culprit: the idea is that you tax whatever is in fixed supply. Whether you tax it or not, the supply cannot change, so there is no distortion.

Taxiing machinery or other capital would be dangerous: that stuff makes us all richer. Land, instead, makes only the landowner richer.

Basic textbook economics, yet our elected officials (with the excep[tions of few good ones, like Eby) ignore it, for political calculations.

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

Supply changes as a result of zoning policies.

Just me
Guest
Just me

Most UBC profs are saying the rational thing: tax land, not income. It is not a matter of opinion, it is well-established economics.

Of course, you always find some bad apples, like Henry Yu who is fixated on race. But someone should explain to him that what is happening in Vancouver is about money, not race.

Laibach
Member
Laibach

Henry Yu is planted agitprop element.

Best place on meth
Member
Best place on meth

Hank believes Canada should be a chinese country.

Just me
Guest
Just me

He is an angry man. And sees racists everywhere.

Best place on meth
Member
Best place on meth

Yu may be suffering from AIDS.

Dave
Member

Or how about we don’t create the problem to begin with? Stop the flow of overseas money, raise interest rates and control the rate of immigration to a sustainable level? We’re so stupid that even professors can’t see the obvious.

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

Remove CMHC and make the banks shoulder all the risk, raise minimum downpayments back to historical norms, remove all first time buyer incentives/advantages, and tell people that they’re idiots for expecting endless price increases. That oughta do it.

Just me
Guest
Just me

These are fair points and should be discussed more openly without fear of reprimand. But what Kershaw is saying makes total sense: we should have a tax reform commission with the objective to shift the tax burden away from productive activities (labor, business investment) to idle rents that generate no social welfare (land, houses).

“What we want to talk about is less tax on local income, more tax on crazy home values, in order to permit better investment in young and old alike,” explains Kershaw.”

bestplaceonearth
Guest

the ndp propaganda is loud and clear, keep taxing. john horgan is just so lonely in this country these days.

Just me
Guest
Just me

John Horgan should only worry about BC voters. And I guarantee you that more voters would vote for him today than a year ago.

Housing plays no small part in the BC psyche: and most people want lower house prices.

Bag it and tag it
Member
Bag it and tag it

Some very powerful interests want high level of immigration to continue…Canada’s deep state. It starts with the banks. Most Canadians want less immigration, which would be great if we lived in a democracy.

realist
Member
realist

Quite so. Immigration is heavily promoted in Canada, USA, and the EU by pro-globalist elites for their own enrichment, and they have found the “race card” a potent silencer of dissent. That is why we hear very little about how poor Joe from Peoria’s wages aren’t what they used to be in the 1980’s since his factory moved to China – but we are subjected to an endless media diet of social injustice.

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

Dumbass, you’re confusing two distinct concepts. But people who bleat about immigration are rarely the sharpest.

Oracle
Guest
Oracle

That’s a blatant lie.

The root cause of this bubble is high immigration.

Then foreign money.

Then low interest rates

Then liar loans.

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

You’re such a fucking clown who can’t offwe a shred of supporting evidence for any of the shit he spews.

Wow! Just wow!

realist
Member
realist

Au contraire, closely related with identical goal – allow me to explain: in order to drive down costs, what can be off-shored profitably is – so the factory Joe works in in Peoria moves to China. And what can’t be off-shored (most services), abundant immigrants fill for low wages; the latter has the added benefit of driving up rents and land prices – and Joe isn’t the guy benefitting from that either, because he’s a renter himself. And just in case Joe might protest that it’s “unfair”, he gets labelled a racist for even wondering, by his own parties that defend the working classes (NDP/Democrats, etc.) Clear now?

Oracle
Guest
Oracle

Bingo.

Big banks, telcos, and real estate developer cartel.

Pullman
Guest
Pullman

A professor who said that publically would be called a racist and probably have his career in jeopardy.

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

Right. Because it wouldn’t be based on facts.

Best place on meth
Member
Best place on meth

Nobody pulls out the overplayed and hypocritical race card anymore, they’ve all been outed as greedy scumbags, traitors and china apologists.

Even Garth isn’t dumb enough to do that anymore.

realist
Member
realist

If you depend on professors to see the obvious, you will be forever blind.

backwardsevolution
Guest
backwardsevolution

Dave – well put! It really is that simple.

Oracle
Guest
Oracle

They can. The media and government purposely put those in the limelight.

They are teasing people like Just Me.

bestplaceonearth
Guest

another sour grape prof wanna wealth tax.

Just me
Guest
Just me

I guess all people who suggest land taxes instead of income taxes are sour grapes. That is a scientific and intelligent argument.

But then again, many of the nouveau rich that have made money in Vancouver RE have done well because of their ignorance: they took gambles that they did not understand, and they won because of sheer luck.

bestplaceonearth
Guest
bestplaceonearth

You gambled too for not buying in 2015 with your humongous $65k in saving. Now, at the losing end, you are bitter-sweet with the current market hence all the copy and paste…and the NDP propaganda wealth tax.
It’s not sheer luck by the way, it’s all advisable by financial advisers. I told you, get out of your basement, make friend with a realtor and a mortgage broker, these people will help you. But no, your tofu brain ergo just clouds your judgment.

Boom
Guest
Boom

In other words anything 2 or more bedrooms

Just me
Guest
Just me

The idea is to drive prices down, over time. Or shall we just go ever higher and beyond any affordability compared to incomes?

realist
Member
realist

“Or shall we just go ever higher and beyond any affordability compared to incomes?”

Whose affordability? Locals are naturally resistant to admitting that they are increasingly irrelevant in a global RE market…but such is the case…the facts of “affordability” speak for themselves.

Just me
Guest
Just me

True. But the issue is not the global market. The issue is the failure of our elected official to shield us from the nefarious influence of foreign money.

I blame politicians like Christy Clark and Stephen Harper for taking the side of homeowners and letting this happen.

Lest we forget.

realist
Member
realist

“Failure of our elected official to shield us from the nefarious influence of foreign money”.
Yes, exactly, but no politician ever had any intention of doing so – quite the contrary – there is no political party in Canada that has NOT supported ever-higher immigration and foreign investment (with the exception of feeble spasms of anti-American ideology, and even that is decades in the past). Canada is “for sale”, always.

Just me
Guest
Just me

Look at what rates have done in the last month or so. Mortgage rates are going up again soon.

https://www.bankofcanada.ca/rates/interest-rates/canadian-bonds/

If I were a homeowner who needs to sell, I would probably take a discount and get out of the market asap. Taking a small cut now might avoid a big headache in a few months.

This time it seems the tantrum is quite serious. The credit leg of this house of cards is cracking.

bestplaceonearth
Guest

the landless is giving financial advise…bhahaha

Just me
Guest
Just me

Yup. And the better listen. The signs are piling up that next year might be worse than this year for the Vancouver housing market. Nobody knows for sure, but the omens are not great.

Or would you disagree, as a good RE agent does? if so, what are your arguments?

Bestplaceonearth
Guest
Bestplaceonearth

No argument. If I need financial advise, it will not be from a failure anonymous.

Just me
Guest
Just me

Sure. You must be pretty smug because the government and the Chinese made you some money over the last 10 years.

Let’s see the next 10 years now….

Best place on meth
Member
Best place on meth

He hates communists, but loves the communist chinese.

Quite a worthless, greedy waste of skin he is.

Just me
Guest
Just me

Byron loves whoever or whatever makes him some money. Then he claims that everyone else is either stupid or lazy.

Oracle
Guest
Oracle

A million more people moving here in the next 10-20 years. And about 20% will be millionaires.

That’s means all detached homes accounted for.

bestplaceonearth
Guest
bestplaceonearth

It’s getting tougher, but I will adapt. You? status-quote for the rest of your life!

Best place on meth
Member
Best place on meth

Asshole continues to look down on the landless, like some sort of landist.

Laibach
Member
Laibach

Byron/bacteria is totally clueless about anything just blabbering nonsenses. Hopefully he’s not posting from some mental institution and wasting taxpayer’s money on his futile medication .

Best place on meth
Member
Best place on meth

I hope Byron is one of those whiny boomer west side home moaners that we’re going to round up and gas shortly.

“How dare you Nazi’s force us to pay an extra $2000 a year on our $4 million house that we paid a whopping $70k for in the 70’s!”

Please step into the shower, sir.

Laibach
Member
Laibach

Hmm, I would expect a west side boomer to demonstrate at least some basic literacy. Byron rather sounds like a converted Chinese peasant who was a politcom in some shithole village before escaping to Canada and stashing proceedings of racketeering into real estate.

Just me
Guest
Just me

Byron is your landlord from hell. Counting pennies and making quick judgements about people. Mostly wrong, as well.
What a loser.

bestplaceonearth
Guest
bestplaceonearth

If a loser can collect rents perpetuity from the winners, who would you rather be? Bhahaha!

Oracle
Guest
Oracle

That’s how it is in the majority of the world. Majority rules man. I know it isn’t what values you were raised with but that’s what’s coming here.

Wait until families with kids are homeless. It’s coming sooner than you think. And they will be looked as expendable. The kids as labourers and the wives as hookers.

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

I don’t think even you believe what you write. But it’s amusing that some here wil.

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

It’s easy to look down on racists who’ve been wrong for a decade.

Oracle
Guest
Oracle

That’s the problem. It’s like taking advice from people living on the street on the downtown Eastside.

If prices haven’t budged in the year since NDP took power, I don’t think they will go down in the next year.

Maybe plateau before the next leg up.

Boom
Guest
Boom

Variable rates down again this week cheap cheap

Just me
Guest
Just me