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

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bullwhip29
bullwhip29
2 years ago

B.C. Residential Tenancy Act changes give more rights to tenants
https://biv.com/article/2018/05/bc-residential-tenancy-act-changes-give-more-rights-tenants

bullwhip29
bullwhip29
2 years ago

At a special council meeting Friday night, Richmond city council decided to approve the controversial Brighouse modular housing project for homeless people
http://www.richmond-news.com/news/richmond-council-says-yes-to-modular-housing-for-homeless-1.23308045

All councilors except Chak Au voted for the project to move forward

Best place on meth
Best place on meth
2 years ago

I’m so looking forward to war with Alberta.

They want to sell their dirty oil to china via our province and threaten to cut off gasoline to our motorists if they don’t get their way.

How can we make them suffer in return? Cut off all shipments of chinese crap to Alberta? Their Walmarts and dollar stores have empty shelves?

And what if we capture Notley and take her prisoner, what do we do with her? Execute?

Doomcouver
Doomcouver
2 years ago

First thing we should do — cut off the flow of bitumen through the existing pipeline. From there as you said we can ban all shipments to or from Alberta at the port of Vancouver. Alberta is playing with fire. They’re land-locked and too far from the east coast to make their ports viable. We could crash their entire economy overnight. Hope they have fun having to import/export everything to the USA.

paulb
paulb
2 years ago

New
226
Price Change
65
Sold
119
TI:11208

http://www.clivestevepaul.com

Diadora
Diadora
2 years ago
Reply to  paulb

Another day of sub 200 sales… its closer to 100.

Just me
Just me
2 years ago
Reply to  Diadora

Yes. 119 sales at this time of year is real low. Twice that would be more like it.

Listings still slow. Hoarding continues, in hope of future gains.

Doomcouver
Doomcouver
2 years ago
Reply to  Just me

First the sales die, then rates go vertical, then the endless whinging starts. I hope you enjoy your poop-sandwich speculators.

Hyper-mega-Bull
Hyper-mega-Bull
2 years ago

BMW road rage, stalks and threatens driver for giving them the polite double tap of the horn when they didn’t go at a left turn arrow.

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

YVR
YVR
2 years ago

There was a car blocking the intersection when the left turn signal started, then another car turning right. The guy honking was in the wrong and was pretty aggressive initially passing the BMW and cutting in front. The video is edited so who know what happened between the normal driving and the tail gating. The guy probably jammed on his brakes intentionally. Seems kind of strange the BMW guy starts freaking out 3 minutes after the intersection incident. These guys with dash cams drive around looking for trouble IMO.

Diadora
Diadora
2 years ago
Reply to  YVR

Whether there is car blocking the intersection or not, it does not give the BMW the rights afterwards to drive irritably and endangering others. After the turn, the BMW deliberately drove slow to block the car that honked. Hope the RCMP do something about the BMW.

Patiently Waiting
Patiently Waiting
2 years ago
Reply to  Diadora

The BMW driver was mostly in the wrong , but the camera car driver deserves a stern lecture and warning. Back to kindergarten with both of them.

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

Did you even watch it?? The whole thing is on there…later the BMW driver tries an illegal right turn lane overtake but cam driver doesn’t let him merge back in…that’s what pissed him off.

Just me
Just me
2 years ago

I hope the RCMP gives the BMW guy a good scare. Is he nuts tailing the other guy around?

bullwhip29
bullwhip29
2 years ago
bullwhip29
bullwhip29
2 years ago
Reply to  bullwhip29

this was almost worded like Poloz himself wrote it….go figure…

Just me
Just me
2 years ago
Reply to  bullwhip29

Poloz is a major reason we find ourselves in trouble.
The ultracheap variable rates, that risk fanning the flames of the market again, are actually popular because of his reluctance to raise rates quickly. People know that Poloza will not allow the rate to grow fast enough, which makes variable rate mortgages desirable to some.

Of course, this means that even more people are sinking deep into debt. Systemic risk is growing, not decreasing.

Oracle
Oracle
2 years ago
Reply to  Just me

Who cares about systemic debt ? Not the people like Poliz and friends making billions. They will move to sunny locales when they retire…

YVR
YVR
2 years ago
Reply to  Just me

Why blame Poloz. He is not the one who exempting credit unions from the stress test. That is like a 2% difference people in BC can qualify for due to the NDP policy. Poloz would have to raise rates 8 times to match that impact.

Just me
Just me
2 years ago
Reply to  YVR

“Why blame Poloz.”

Because is holding base rates to 1.25% when we are:
(a) at full employment;
(b) with above-target inflation;
(c) in an ever-expanding credit bubble, mostly due to cheap credit to housing.

Enough?

Credit unions and banks would be unable to offer cheap rates (especially variable ones) if Poloz took away the punch bowl.

Oracle
Oracle
2 years ago
Reply to  Just me

You are so ducking dumb it’s not even laughable anymore.

U = laughing stock who is unaware.

Oracle
Oracle
2 years ago
Reply to  YVR

People here too dumb.

They won’t realize how the boards of the major CUs in BC are connected to NDP.

Laibach
Laibach
2 years ago
Reply to  Oracle

A flood of wealthy people into Vancouver from around the world, especially China, has fueled a luxury car market that also has bespoke dealerships for Ferrari, Lamborghini, Bentley and McLaren.

https://globalnews.ca/news/4106539/b-c-luxury-car-money-laundering/

Just me
Just me
2 years ago
Reply to  Laibach

No, you must be crazy. These dealerships cater to local income earners. The data say so!

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

Dumbass, we know that approximately 90% of real estate sales are to locals. Of course you’re also looking a subsegment of car sales and trying to extrapolate that in some ridiculous way but I’d not expect you to understand that.

Just me
Just me
2 years ago

90% of sales to local does not mean that 90% of the money is local.

And to answer the point about cars, our luxury segment is on par with markets like LA and NY city. Not many other cities in North America have as thick a luxury market. Have you ever stopped and wondered who exactly is driving our luxury cars’ market? Where does the money come from? All locals?

We are talking about a continent-leading volume of sales. Vancouver is a comparatively small economy.

Chinese are laundering money in the billions of dollars. And the fact that you keep denying it just makes you a fool.

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

You’re missing the point, unsurprisingly. Only a small proportion of cars on the road are luxury sports cars. By focusing on just them and ignoring all the Hondas you’re drawing false conclusions. You’ll say that’s not what you’re doing, but when it comes to real estate it exactly is. This is precisely why we use data rather than cherrypicked anecdotes.

Just me
Just me
2 years ago

“Only a small proportion of cars on the road are luxury sports cars. By focusing on just them and ignoring all the Hondas you’re drawing false conclusions. ”

Are you for real? We have one of the highest share of luxury cars in North America, completely disproportionate to our local economy.
We also have more luxury dealerships than most cities in North America, including much bigger and richer ones (Seattle comes to mind).

You are trying to convey the idea that this is all normal, and we are blowing it out of proportion. But this is definitely not normal.

The disproportionate size of the luxury sector in Vancouver (just like its luxury-priced homes) is due to money that is not earned locally, and most likely not earned legally.

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

Highest priorition but still a small proportion overall. Morons generally don’t understand the difference between relative and absolute.

Just me
Just me
2 years ago

“Morons generally don’t understand the difference between relative and absolute.”

Is this a comment about yourself?

I am saying exactly that the relative share is massive in Vancouver, please bring evidence to the contrary.

On a continental scale Vancouver stands out in proportional terms.

You and Henry Yu must be the only two people who object facts on the basis of race.

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

Thanks for proving my point, moron.

Just me
Just me
2 years ago

Sure Henry. You are right. The proportion of luxury cars and dealerships in Vancouver is just average. How could I miss that?

Thanks for putting mer on the straight and narrow. These over leveraged locals are buying all the Lamborghinis.

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

You simply don’t get it. Hilarious.

Just me
Just me
2 years ago

Sure Henry. You are right Henry.

Now go back and repeat: the proportion of luxury car dealerships is totally normal in Vancouver. Chinese money plays no outsized role in the city. And then again, and again, until you feel better….

At least Byron admits the facts and defends Chinese money. You are worse as you deny facts because of race fixations.

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

Strawman, dumbass. I already agreed above that Vancouver has the highest proportion and never said it’s normal. You really are fucking stupid.

Just me
Just me
2 years ago

Chinese money is Vancouver is:
1. Disproportionate; a tsunami of dirty cash.
2. Corrupt and illegal; both in the way it is brought in and the way it is acquired.
3. Deleterious to our social fabbric. It corrupts governments and people.
4. A net negative for the city, as only a few people make money and everyone else loses.

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

Changing the subject, then? Got it.

Best place on meth
Best place on meth
2 years ago

It’s always the the most intelligent people who call everyone they disagree with a “dumbass” and a “moron”.

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

Good job I’m not president.

Just me
Just me
2 years ago

Nobody would vote for you.

Just me
Just me
2 years ago
Reply to  Laibach

“When Attorney General David Eby appears before a federal committee looking at amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act on Tuesday, he will ask for a toll to track high-priced vehicle transactions.

“Through agencies like the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Revenue Canada and the federal RCMP, the Government of Canada has a major role to play in combating money laundering,” said Eby in a statement. “

YVR
YVR
2 years ago
Reply to  Just me

Eby has the power to take action on his own as AG. He has taken no action and not made even one token prosecution. What is the point of Fintrac tracking it if Eby does nothing?

Just me
Just me
2 years ago
Reply to  YVR

So far Eby has done more things than the BC Libs did in 16 years. And more are to come.
But keep rehearsing your spiel about “bad Eby”.

backwardsevolution
backwardsevolution
2 years ago
Reply to  YVR

YVR – yeah, give it a rest. Corruption and carnage as far as the eye can see and for years, and yet some armchair genius sits there and says, “Geez, how come you haven’t cleaned it up already?”

Wow!

Best place on meth
Best place on meth
2 years ago

YVR had a bad steak at the Keg one time that he just can’t let go of.

Oracle
Oracle
2 years ago

He is right. Give your head a shake.

Maybe you don’t have the iq to figure things out.

Just me
Just me
2 years ago
Reply to  Laibach

“Currently, there is no tracking by government of cash purchases for luxury items. Vancouver is seen as the country’s luxury car capital and the federal government could decide to target the problem based on geography. But to avoid buyers just going to other markets, another option is to require reporting for any cash purchase higher than $10,000.

Former RCMP deputy commissioner Peter German has provided Eby with a series of recommendations before his appearance in Ottawa on Tuesday. German has been hired by the B.C. government to review anti-money laundering practices in B.C. casinos.”

bullwhip29
bullwhip29
2 years ago

North Vancouver homeowner fined for creek contamination
https://www.vancouverisawesome.com/2018/05/18/north-vancouver-creek-contamination/

Name
Name
2 years ago

Annual inflation cools to 2.2%; Core measure above 2% for first time in 6 years

OTTAWA – Higher pump prices helped the annual inflation rate stay in the upper half of the central bank’s target range last month — but even without pricier gas, underlying inflation managed to reach its strongest pace in six years, Statistics Canada said Friday.

Overall, the annual inflation rate cooled slightly in April to 2.2 per cent to remain just above the two per cent midpoint of the Bank of Canada’s range. The latest number was a touch below the March figure of 2.3 per cent, which was inflation’s highest year-over-year reading since 2014.

Name
Name
2 years ago

OTTAWA – Canada’s national annual inflation rate was 2.2 per cent in April, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets):

— Vancouver: 3.2 (3.2)
— Victoria: 2.0 (1.9)

Laibach
Laibach
2 years ago

How other ethnicities don’t get involved in these sort of visa/citizenship/PR problems but mainly those coming from EU or western countries?

http://www.cbc.ca/news/canada/toronto/brit-blames-job-loss-on-canada-post-for-destroyed-work-visa-documents-1.4667514

Laibach
Laibach
2 years ago
Reply to  Laibach

Perhaps they aren’t bringing enough money or they aren’t that good for the economy?

Hyper-mega-Bull
Hyper-mega-Bull
2 years ago

admin, the filters on anything related to gambling are too strict.

southseacompany
southseacompany
2 years ago

“The Growth Of Canada’s Money Supply Is Slowing, Here’s What It Means For Real Estate”, Better Dwelling

https://betterdwelling.com/the-growth-of-canadas-money-supply-is-slowing-heres-what-it-means-for-real-estate/

“Canada’s ever expanding supply of money is finally starting to take a breather. Bank of Canada (BoC) numbers show M1+, a narrow measure of country’s money supply, is slowing in growth. The taper is most likely a sign that higher interest rates are impacting households. The measure is a useful indicator for the sale of assets that need financing, like homes.”

southseacompany
southseacompany
2 years ago

“The New Housing Bubble: Banks look fine on the surface, but the system is as fragile as ever”, Epoch Times
https://www.theepochtimes.com/the-new-housing-bubble_2522104.html

“Financial bubbles are not accidents. Our asset-backed banking system creates bubbles by design—they’re an inevitability.”

“Imagine a homeowner who owns a $1 million house free and clear. The owner goes to a bank and borrows $800,000 against the house. This credit money springs into existence as an accounting entry of a private bank. The borrower goes out into the market and starts purchasing other assets: stocks or a weekend house. The new money drives prices higher, including the assets that form the collateral of the banking system. Since collateral values now have increased, the banking system is happy to increase its loans to borrowers, which pushes prices yet higher, and so on, in a positive feedback loop.”

Oracle
Oracle
2 years ago

There you have it. Correct again.

I have a friend who owns a body shop. Married father of three. Earns good money.

Meet people coming in to the shop all the time. Now he’s willing to pay rent of 2 different single moms. In exchange….

It’s happening.

Laibach
Laibach
2 years ago
Reply to  Oracle

Is your friend with both single mothers at the same time (a menage a trois) or does them separately. If later that it must be a big burden on his time considering he has the business to run, family to spend time with and those two ladies on the top of it. When does he sleep then?

Oracle
Oracle
2 years ago
Reply to  Laibach

Lol. He does gloat to everyone about it.

Sign of times to come. Can’t believe people are getting mad at me for posting this.

Oracle
Oracle
2 years ago
Reply to  Oracle

Mostly everyone with land and semi well off is looking for a side gig like this nowadays. Mostly white single moms in a bond.

How unfortunate what our city has become.

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

You’re a compulsive liar. We know this already. But I’m quite willing to believe your friends would do something like that.

Just me
Just me
2 years ago

You are a liar as well. Just a bit more sophisticated.

I bet your parents tried to stop you from lying as a child, but could not.

No Chump
No Chump
2 years ago
Reply to  Oracle

You’re such an idiot ictroll, Oracle. Why don’t you just piss off and do everyone a favour?

Name
Name
2 years ago
Reply to  Oracle

in exchange for what? Bodywork?

bullwhip29
bullwhip29
2 years ago

RICHMOND NEWS Letters: If not weed, why mansions on ALR in Richmond?
http://www.richmond-news.com/opinion/letters/letter-if-not-weed-why-mansions-on-alr-in-richmond-1.23305859

>>> simple answer… it’s about maintaining property values, because that is the end all, be all to life in this neck of the woods…

Just me
Just me
2 years ago
Reply to  bullwhip29

” I find it totally incomprehensible that Richmond council has as one of its reasons: “Richmond city councillors have long opposed marijuana facilities on farmland for a number of reasons, including a concern that increased pot cultivation will squeeze out other produce.”

And yet they are permitting “farm houses” with a square footage of 10,764 sq. ft. with an additional dwelling unit of 3,000 sq. ft. with no mention of the allowance for farm related equipment storage (just how large is permissible?).

Most of the “farm houses” that are being built in Richmond have landscaping by a local concrete company or paving company where there is little green space, let alone any method of allowing rain water to be absorbed under the pad. How does this not squeeze out production of produce?”

YVR
YVR
2 years ago
Reply to  Just me

This is not a Richmond problem. It is a BC problem. When Horgan was in China he set this up.

bullwhip29
bullwhip29
2 years ago

A Chinese immigrant accused of being a spy can remain in Canada after the federal government lost an appeal to strip him of his permanent resident status
https://www.thestar.com/news/immigration/2018/05/17/man-accused-of-spying-for-china-can-remain-in-canada-immigration-board-rules.html

Laibach
Laibach
2 years ago
Reply to  bullwhip29

The way to get the best citizens as it gets. Well done Canada, bring them even more because they are also good for the economy…

“Wang came to Canada from China as an international student in 1998, first at Seneca College and later at York University, before he became a permanent resident here in 2006. In 2014, the Canada Border Services Agency initiated the revocation of Wang’s permanent resident status, alleging he was engaged in espionage activities.”

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

“Students” are the biggest source of spies for the chinese motherland.

Deport them all, our country will be much healthier.

Just me
Just me
2 years ago
Reply to  bullwhip29

And then we wonder why crooks keep coming.

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

Yang Wang needs to have a fatal accident.

Name
Name
2 years ago

Edmonton’s Triple Five gets the green light to build Miami megamall

https://globalnews.ca/news/4217423/edmontons-triple-five-build-miami-megamall/

Plans call for hundreds of retail shops and restaurants, but the developers don’t want people to call it a mall. They’re pointing to its planned theme-park attractions such as an indoor ski slope, submarine ride, water park and skating rink, along with 2,000 hotel rooms.
“We’re not building a mall. We’re not in the mall business,” said Don Ghermezian, president of Edmonton-based developer Triple Five.

bullwhip29
bullwhip29
2 years ago

“Chinese-only” developer that raised funds for Trudeau’s Liberals seeking $40 billion in tax dollars to build affordable housing
https://thinkpol.ca/2018/05/18/chinese-developer-raised-funds-trudeaus-liberals-seeking-40-billion-tax-dollars-build-affordable-housing/

Just me
Just me
2 years ago
Reply to  bullwhip29

“Westbank’s founder and CEO, Ian Gillespie, fundraised for Prime Minister Justin Trudeau’s Liberals during the 2015 federal election campaign. Additionally, Westbank’s marketing director, Michael Braun, publicly stated the company only cares about projects wanted in the Chinese market.”

Just me
Just me
2 years ago
Reply to  bullwhip29

“ThinkPol discovered Westbank is sponsoring the Asian Marine and Boating Awards Gala, held in conjunction with the 23rd China (Shanghai) International Boat Show, days after a judge ordered another one of Gillespie’s companies to pay $200,000 in unpaid bills to a local contractor.

Leaked documents reveal Westbank pre-sold nearly a quarter of all of its
Kensington Garden units — aggressively marketed in Hong Kong — to flippers.

Westbank did not respond to ThinkPol’s questions in time despite repeated requests.”

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

You probably think that means 25% of units were sold to people in Hong Kong. Note that the article makes no such claim.

Just me
Just me
2 years ago

You are right. 25% is crazy.

More like 35%.

realist
realist
2 years ago
Reply to  bullwhip29

And who will pay that $40 billion in tax dollars? Why, the Canadian working shmo, of course, and especially, the upper middle classes with significant made-in-Canada taxable income and assets. They will be gradually bankrupted by taxes to pay for the bottom 50% having been beaten into penury by globalization, to the vast enrichment of Mr. Gillespie and friends. The well-intentioned champagne socialists who voted for Mr. Eby in Point Grey are getting a fast lesson in this regard.

bullwhip29
bullwhip29
2 years ago

The Rolls Royce Cullinan was unveiled Thursday afternoon in a lavish launch at the brand’s new Vancouver showroom, on Burrard Street’s luxury supercar strip. The launch, attended by about 150 people who could afford the car, and a handful of journalists who definitely cannot, was the first North American vehicle launch for Rolls-Royce outside of Los Angeles, Miami and New York
http://vancouversun.com/news/local-news/rolls-royce-unveils-cullinan-a-new-luxury-suv-you-probably-cant-afford-in-vancouver

Just me
Just me
2 years ago
Reply to  bullwhip29

I am sure many people on local incomes are considering the purchase. After all foreign money is only marginally important in Vancouver, it is all about local income earners on credit. Right?

bullwhip29
bullwhip29
2 years ago

A five-and-half-hour long council meeting was not enough to rule on the controversial modular housing project for homeless people in Richmond
http://www.richmond-news.com/news/clock-strikes-midnight-no-decision-on-modular-housing-council-meeting-to-continue-1.23306671

One speaker referenced the history of the Opium Wars in China, recalling the devastation wrought by a then widespread opioid crisis.

“That’s why many people with a Chinese background are horrified with the modular housing, when no background checks are required for people moving in. We believe drug addicts must go to treatment centres first,”

bestplaceonearth
bestplaceonearth
2 years ago
Reply to  bullwhip29

Until the politicians have the balls to address the addictive issues, nothing can be solved. They build these housings, put the addicts in there, then what, leave them alone there? Would people think these addicts would have their own capacity to look after themselves, and their housings? Or they just keep the same habits…as being addicts? It’s like feeding a bottomless barrel. Treat them first, and house them after, please!
By the way, if you own your own house or condos, do you not have a second thought about living next to one of these buildings!

bullwhip29
bullwhip29
2 years ago

in richmond only the morally and ethically ill are welcome, not ordinary people with mental issues or those “assumed” to have ones simply because they don’t earn very much and can’t afford to pay $2000/mo for a bachelor unit

bullwhip29
bullwhip29
2 years ago

and just to add…apparently no background checks are required for people moving into the country either. talk about the pot calling the kettle black…

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

What sort of background checks are you expecting?

Laibach
Laibach
2 years ago

Exactly, there is nothing to check because all anomalies and malpractices here are all regular practices if not the best practices there.

Oracle
Oracle
2 years ago
Reply to  bullwhip29

Your country is done. No going back. Your politicians made it happen

Vancouver will become an Asian city. Too late. Save the rest of BC.

Laibach
Laibach
2 years ago
Reply to  Oracle

Not necessarily the Asian city but the rotten, toxic city consisting of charlatans, wannabes, scumbags, fraudsters, freeloaders counting on RE appreciation as employment, and of course the brigades of corrupted comrades, students, housewives, homemakers, masseuses and perhaps temporary workers because at least someone should pay some tax for system to function.

Just me
Just me
2 years ago
Reply to  Laibach

Vancouver is corrupted to the bone. And yes, many corrupt people are locals (whether long-term or recent PR and citizens from China).

The moral fabric of the city has been dissipating for years. The protests of the West Side millionaires against Eby’s taxes are the more visible aspect of this phenomenon: they are sitting on millions of dollars of assets and refuse to pay 2000/year, claiming hardship.

People who have benefitted from the tsunami of Chinese money want it to continue. They do not care about local workers living hand-to-mouth in tiny, run-down housing, often with small kids in tow.

Just me
Just me
2 years ago

Frankly, I would rather help the addict and get rid of the greedy Chinese millionaires.

The greed and selfishness of these Chinese millionaire migrants is truly staggering (and revolting). There is no humanity and kindness for others, just endless promotion of their own material interest.

Dff
Dff
2 years ago

Inventory closer to 10650 if you subtract out the assembly lots

YVR
YVR
2 years ago

“More than 2,300 people have their say on B.C. farmland’s future”

As our farmland is being sold off to the highest foreign bidder to build and flip mega mansions the NDP have their head in the sand surveying 2300 people. No decision on any changes expected until 2019. I guess they forgot about farmland when they made the recent changes to the foreign buyers tax and exempted it along with all presales province wide.

The B.C. Green MLA said government has tools it could use to immediately stop speculation on ALR land, such as restricting foreign ownership of ALR land, applying the speculation tax and foreign-buyers tax to farmland, and creating legally binding, house-size limits.

http://vancouversun.com/news/local-news/more-than-2300-people-have-their-say-on-farmlands-future

YVR
YVR
2 years ago
Reply to  YVR

B.C. farmland per-acre value nearly 100 times that of Prairies

A newly built, farmland mega-mansion, owned by a shell company, has driven the 26.6-acre lot it sits on from an assessed value of $88,000 to $8.3 million – equal to more than $312,000 per acre – underscoring the impact such large homes are having on prices in Richmond’s Agricultural Land Reserve (ALR). Meanwhile, on the Prairies, investors are kept at bay by legislation that restricts non-residents and even local pension funds from owing farmland, and maxiumum per-acre prices are approximately $3,300.

http://www.delta-optimist.com/real-estate/b-c-farmland-per-acre-value-nearly-100-times-that-of-prairies-1.23270326

YVR
YVR
2 years ago
Reply to  YVR

“British Columbia is the only province that has no restrictions on foreign ownership of farmland.”

Does anyone find it strange this was complete overlooked in the NDP housing plan?

Just me
Just me
2 years ago
Reply to  YVR

I agree they should fix it, ASAP. It needs to be done.

But your beloved BC Libs did not even consider changing the rules. They encouraged the Chinese to buy more. Don’t be partisan, think.

Oracle
Oracle
2 years ago
Reply to  Just me

Why do always think people are either Libs or NDP.??

YVR is pointing out the NDP corruption. Anyone that buys ALR land right now and gets a permit for a Mansion is grandfathered. Are the NDP waiting for their friends to get these permits?
Fuxking hilarious.

Just me
Just me
2 years ago
Reply to  Oracle

I don’t. If the NDP pulls a U-Turn on housing, they will not get my vote.

I voted NDP because they committed to housing policies that I like, However imperfect, they are a lot better than what the BC Libs have been doing for the past 20 years.

patriotz
2 years ago
Reply to  YVR

“British Columbia is the only province that has no restrictions on foreign ownership of farmland.”

British Columbia, Ontario, Newfoundland and Labrador, New Brunswick and Nova Scotia have no restrictions on foreign ownership of land.

http://www.nortonrosefulbright.com/knowledge/publications/129800/restrictions-in-canada-on-foreign-ownership-of-land

YVR
YVR
2 years ago

New landmark tower coming to Vancouver. The design, by Chinese architectural firm JYOM Architecture. If you want one you will have to wait for a Chinese national to flip it to you. Not available to locals but tax free for foreigners. Thanks Eby!

http://www.vancourier.com/real-estate/designs-revealed-for-52-storey-tower-at-granville-gateway-images-1.23304406