We moved to a system similar to the rest of Canada.

But we know you hate the NDP because they are a negative factor for house prices.

Are you seriously suggesting that Vaughn Palmer is giving an unbiased and honest account of things? He seems to be on a mission to get the BC Libs into power.

Kevin Falcon = BC Liberal shill

“The reality is Canada has taken a light touch when it comes to taxing homeownership. Unlike in the U.S., there is no capital gains tax on the sale of a principal residence, nor is there an estate or inheritance tax. Kesselman says real estate may be the most favourably treated form of wealth in Canada. The returns for long-time Vancouver homeowners—and their children, should the wealth be transferred—are better than that of most investment portfolios, even with the surtax.”

the only thing that matters is source and origin of funds, which is obviously being understated by these figures. in an area like RIchmond I would even go so far as to say the reported figures are inverted with the 13% being more representative of local ownership

You keep repeating the same misquote because you’re a shameless liar.

It actually says:

“The data shows five per cent of the 6,105 property transfers in September involved foreign nationals, up from 2.5 per cent in April.

That remains far below the percentage of foreign nationals buying homes before the former Liberal government implemented a 15 per cent foreign buyers tax in August 2016 in an effort to cool the hot housing market.”

I wonder, can you even read?

This Wang guy is a danger and menace to society and he should be deported.

This locust needs to meet a concrete barrier prompto.

Fuck racism. I’m Chinese and I say this guy should either be locked up or deported. So sick and tired of white losers like Robertson complaining about racism every time we talk about Chinese people wreaking havoc on society.

2016 Lambo impounded in West Vancouver after police nab unlicenced driver
http://www.nsnews.com/news/2016-lambo-impounded-in-west-vancouver-after-police-nab-unlicenced-driver-1.23295047
Norwegian?

Yes, we all know nurse make mid 6 figures, and double dip their pensions so they are just floating in money in retirement.

This is why we need to terminate the locusts…no more prove needed than this.

Don’t these government pension investment firms operate at a pretty distant arms-length from their beneficiaries? (And, for reference, the KM holdings at BCI appear to constitute about 0.01% of their total portfolio, per http://business.financialpost.com/investing/cries-of-rank-hypocrisy-as-disclosures-reveal-b-c-government-pension-fund-invests-in-kinder-morgan)

Setting that aside, wouldn’t it be a lot more hypocritical if NDP-affiliated government officials were working to PROMOTE KM’s interests while benefiting from investments from them (instead of fighting them)?

Wouldn’t it be far more hypocritical (hypothetically speaking, of course) if a provincial cabinet member who owned, say, half a dozen pieces of BC real estate was out there 1) crafting policies designed to pump up BC real estate prices and 2) trash-talking people who called out that situation?

Sincerely,

A pissed off ex-BC Liberal supporter who will continue to hold his nose and vote NDP until that party cleans out its real estate-related rot.

Horgan and the NDP thought all their retirement money was in real estate in spec homes.

Of course, because those are the people they believe to be at fault . It’s definitely not them or their friends and family. Ever.

“The party’s over for now for those sitting on Vancouver’s most expensive properties.

Prices at the top end of the market plunged 7.6 percent in the six months to March, making it the world’s second-worst performer during that period, according to the latest global survey of prime properties by Knight Frank LLP.”

“The findings — based on the top 5 percent of the housing market in each city — lend support to anecdotal evidence of a slowdown in Vancouver’s luxury segment after the hike of a tax on foreign buyers to 20 percent from 15 percent in February, the introduction of a speculation tax, and rising interest rates.”

“Vancouver Mayor Gregor Robertson called the decline “a necessary step” to restoring stability in the local housing market.

“We welcome a more stable period now,” he said in an interview at Bloomberg News headquarters in New York Tuesday. “There’s some concern if values drop and impact homeowners’ equity, but the gains have been so massive for so many years that some softening was to be expected.”

“At the height of the market, foreign money had flowed mostly into the million-dollar-plus segment of detached homes, according to Adil Dinani, a realtor with Royal LePage, a unit of Brookfield Real Estate Services Inc.

“Those capital flows have shifted now,” Dinani said. “It’s actually refreshing — you have some time to breathe, to negotiate like a regular transaction.”

“Bank of Montreal’s offer beats discretionary rates of 2.75 percent for similar mortgages by other lenders including Royal Bank of Canada, Toronto-Dominion Bank and Bank of Nova Scotia, according to RateSpy.com. It’s also better than the advertised 2.49 percent variable rate with HSBC Holdings Plc’s Canadian lender, which has been undercutting the largest domestic bank on mortgages for about a year.”

“Meanwhile, fixed mortgage rates have crept up in the past week as following a rise in bond yields, with typical discretionary rates of around 3.49 percent — some 10 basis points higher than in January. Posted rates are higher still, with with Toronto-Dominion Bank pushing its five-year rate up 45 basis points to 5.59 percent April 25 in one of the biggest increases in years. Scotiabank moved today, lifting its rate 20 basis points to 5.34 percent.

“You’ve seen a deviation in funding costs between fixed and variable mortgages, so that explains a lot of it,” McLister said.”

BS. Those are old stats; they were registrations for units that began construction about 2 years before that time. So, quit spreading bullshit, twit.

Fucker needs to meet with a concrete barrier…

the fine should be $750,000

“I’m really sorry for what I did in the speeding incident. I promise I will not do it again.” Yihao Wang’s only words to the judge, through a Chinese interpreter.”

dude needs an interpreter ???

Fucking locusts…learn our ways or don’t come. How hard is that to understand?

most tourists when in another country would want their hotel to reflect that country’s culture. If I was in France I’d want my hotel to have the French ambiance and flavour. But the chineeze are not sophisticated enough for this; they want the hotel to be like China in Canada.