Social housing for Richmond

Did you know that Richmond BC matches the downtown Eastside for one of the poorest neighborhoods in Canada? Shared by hyper-mega-bull:

Sign the petition to build modular housing in RICHMOND, one of canada’s poorest neighbourhoods.

https://www.change.org/p/malcolmbrodie-let-s-get-housingjusticermd-for-richmond-s-modular-housing-loveoverfear?utm_medium=email&utm_source=petition_signer_receipt&utm_campaign=triggered&share_context=signature_receipt&recruiter=292398037

Richmond, Downtown Eastside have similar levels of low-income, working-aged people: study
https://globalnews.ca/news/3773729/richmond-incomes-downtown-eastside/

and the neighbourhood that this housing is going into is literally the poorest in richmond.

SIGN THE PETITION. GET MUCH NEEDED HOUSING RELIEF TO CANADA’S POOREST NEIGHBOURHOOD!

DO IT NOW!

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bestplaceonearth
Guest
bestplaceonearth

http://www.cbc.ca/news/canada/british-columbia/health-payroll-tax-exemptions-james-1.4652452

After forming committees to study the plans, the NDP still screws up the health tax. Can they do anything right at the first place? I would rather pay the $900 then jam the health tax down to the businesses. When will the NDP understand the small businesses are as struggled as anyone else to stay in business!

It’s hilarious the tax party cannot design the tax right!

Just me
Guest
Just me

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.

Name
Guest
Name

bestplaceonearth should change your name to iwishtheliberalswerein

bestplaceonearth
Guest
bestplaceonearth

Well done to the NDP offloading the health tax to the local governments. What next? Cities have to fund their own education too?
http://vancouversun.com/opinion/columnists/vaughn-palmer-james-offloads-municipal-tax-challenge-that-could-bite-back

Just me
Guest
Just me

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.

Best place on meth
Member
Best place on meth

He’s like Anderson Cooper shilling for Hillary.

patriotz
Member

“Well done to the NDP offloading the health tax to the local governments. ”

Local governments are already paying the MSP premiums for their employees and their families, like other major employers. So what changes is the label not the expenditure. I would expect Palmer to get this, but maybe he does and just doesn’t want to let on.

YVR
Guest
YVR

They will be paying for both employees MSP premiums and the new tax next year. The expenditure doubles. Of course you know that but as an NDPer you feel obligated to lie.

patriotz
Member

“The expenditure doubles”

MSP premiums were cut in half Jan 1, 2018. Thus for 2018 employers will be paying 1/2 the old premium with no payroll tax. In 2019 they will pay 1/2 the old premium and the payroll tax. In 2020 and later they will pay the payroll tax only.

http://www.timescolonist.com/news/local/b-c-budget-b-c-to-eliminate-medical-services-plan-fees-on-jan-1-2020-1.23180199

Just me
Guest
Just me

Kevin Falcon just admitted on CBC radio that the 5% figure for foreign buyers is a joke. He said the real number is much higher, mostly due to satellite families channeling funds through permanent resident kids and wives.

Good listen for all.

But he also said people should move to Cloverdake condos….because it is good for the economy.

He is now vice-president of a private equity real estate compNy caller Anthem capital. He is making millions from real estate. Are they going to offer a job to Christy Clark soon?

patriotz
Member

“real number is much higher, mostly due to satellite families channeling funds through permanent resident kids and wives”

Those aren’t foreign buyers according to the law. Now if you want to create a new category called “foreign funded local buyer” fine, but that’s different from challenging the government’s foreign buyer statistics. And the NDP is committed to imposing the 2% tax on satellite families regardless of principal residence status.

Also note that minors can’t buy RE in BC, as we’ve already discussed.

Just me
Guest
Just me

What matters is the origin of the funds. the Vancouver real estate market is currently bankrolled by income generated outside of Vancouver. This effectively prices out local income earners from owning anything close to decent. Hence we should put in place taxes and disincentives to eliminate this massive distortion.

The government is misleading public opinion by simply reporting the share of foreign resident buyers. As you suggested, a much more informative figure would be to produce a measure of “foreign-funded local buyers”.

And yes, I know that minors cannot hold property. But university age children can and do.

Dyugle
Guest
Dyugle

Ever heard of trust fund kids? Think the trusts hold no real estate?

nufio
Guest
nufio

havent been here in a while since i moved to seattle. but its mostly a tax issue, if they are paying bc tax on their foreign income like they are supposed to when they have a home and family living in vancouer, then you might have to consider them as foreign buyers.

Just me
Guest
Just me

Wow, Kevin Falcon is on a mission to cheer-lead for developers and homeowners. He just made all the classic arguments about being open to China money, people needing to move away if they cannot afford things, homeowners on the West Side having a right to capital gains with no taxes.

The usual we have heard over the past 20 years…..

Name
Guest
Name

Kevin Falcon = BC Liberal shill

Just me
Guest
Just me

Loved the bit when he says his mum was a nurse and bought a house on the west side for 27k, back in the day, She now owns a 3 million dollar home, but he claims she should pay zero taxes on capital gainsand very low property taxes…..because it would be unfair to tax her even though she is a multimillionaire and has a better life than most people can even dream in this city.

She can defer the taxes until she dies, and all that will happen is that little Kevin will not get 3 million but rather 2.95 million in inheritance. Clearly communist and unfair.

Name
Guest
Name

Falcon doesn’t want to touch that nurse’s “hard earned” equity.

Patiently Waiting
Member
Patiently Waiting

If her house is just over $3 million, the amount she’d pay in extra tax is pocket change. Geez.

patriotz
Member

“If her house is just over $3 million, the amount she’d pay in extra tax is pocket change”

Many people think the added tax is on the whole value, not the amount over $3 million, and Falcon is apparently willing to exploit this.

Just me
Guest
Just me

Yes, Kevin Falcon is misleading people. If his mum’s home is worth, say, 3.5 million, the extra tax would be between $500 and $1,000.

But these millionaires are stingy to the point they have no shame. And Kevin Falcon is providing misleading information to the public.

Just me
Guest
Just me

And that is $500 per year! So less than $100 a month. For the privilege of being a multimillionaire and having a fantastic life in a safe and clean place, while other people live in slums and work long hours for income taxed between 30% and 50%.

Not a bad deal. But they are still complaining.

Dyugle
Guest
Dyugle

They should shut up and pay or more people will wake up and demand a shift away from income tax and towards property tax.
PR could see some fringe parties proposing this.

Just me
Guest
Just me

Vancouver real estate: Why multi-million dollar home owners are crying poor
A B.C. surtax on properties worth more than $3 million has owners hopping mad, and tinkering with it won’t appease them

http://www.macleans.ca/economy/realestateeconomy/vancouver-real-estate-why-multi-million-dollar-home-owners-are-crying-poor/

“Owners of multi-million dollar homes are probably not going to endear themselves to the public by pleading financial hardship. Nevertheless, more than 100 Vancouver residents gathered in a park last week to protest a surtax introduced by the provincial NDP government on homes worth more than $3 million. They wielded signs claiming the government “wants to confiscate your hard-earned home savings!” The tax, they said, is “unfair,” “exorbitant” and “predatory.”

Just me
Guest
Just me

“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.”

Name
Guest
Name

This caused SIDA to have a fit yesterday so I think I’ll post it again:

http://business.financialpost.com/real-estate/number-of-foreign-homebuyers-up-slightly-in-metro-vancouver

“from June 10 to Aug. 1, 2016, 13.2 per cent of all property transfer transactions in Metro Vancouver involved foreign buyers.”

“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.”

IDK how this could be any clearer that 13.2% is MUCH LESS than the percentage of foreign buyers before the FBT was implemented. In other words foreign nationals were buying much more than 13.2% of all properties sold in metro Vancouver. And we know that in some areas like Richmond it was north of 30%.

bullwhip29
Guest
bullwhip29

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

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

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?

bullwhip29
Guest
bullwhip29

so, does this mean fewer foreign nationals are buying post FBT or fewer are declaring that they are foreigners now that the cost has gone up for doing so? enlighten us….

Name
Guest
Name

SIDA must be ESL

Just me
Guest
Just me

“The data shows five percent of the 6,105 property transfers in September involved foreign nationals”.

Foreign nationals do not account for the total amount of foreign money deployed in Vancouver. In fact, as Kevin Falcon candidly admitted on the CBC this morning, it does not even get close to the true figure.

He should know: after serving as a BC minister, Falcon went to work for Anthem Capital (private equity dealing with real estate). And he said it loud and clear: the amount of reign money swamps what is measured in official stats about foreign buyers.

bullwhip29
Guest
bullwhip29

Ferrari driver going 3 times the speed limit to be sentenced today for excessive speeding
https://globalnews.ca/news/4194219/ferrari-driver-speeding-sentenced/

>>> Wang’s lawyer clearly playing race card and has been arguing that his client is simply another one of those “ultra rich asians” who are being “misjudged” and “unfairly targeted”. my best guess is that all parties involved will agree to far lesser charges (ie, shortening of driving ban – not that this means anything or possible reinstatement as time has been served already) provided that fuerdai princeling Wang does not sue for damages to his mental well being, reputation and loss of income due to his inability to commute in a timely fashion. yes, and life will go on as it always does (with the inmates running the show)…until he is arrested again for doing exactly the same thing

Name
Guest
Name

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

bullwhip29
Guest
bullwhip29

after all is said and done you will see how things get down in this cesspool. authorities will cave in, Wang will be out of pocket a few hundred dollars and driving licence reinstated as time has been served (not that this mattered to him in the interim anyway) as Wang’s legal team dangles the race card and a possible legal action due to apparent mistreatment and overreach by the powers that be

Laibach
Member
Laibach

Why is everyone concerned about the race matter, are people that stupid? The whole race nonsense in Canada is sold by the group of people with large financial and political interest and bought up by naive and scared if not stupid thinking how they are in fact progressive and liberal. Bingo combination for the long run manipulation and despoilment.

Combat Roach
Guest
Combat Roach

Locusts is not a race moron. Thought that would have been made clear by now

Stand up for Canada
Guest
Stand up for Canada

The mainland Chinese are not particularly vulnerable. Especially the wealthy elites. The progressive left purports to care about the indigenous folks and the lgbt etc but the wealthy Chinese are the problem, displacing the homeless and the truly vulnerable. The politicians are just too chicken shit to say anything. I am not a big fan of trump but am a big fan of him sticking it to the PRC.

Combat Roach
Guest
Combat Roach

This locust needs to meet a concrete barrier prompto.

Stand up for Canada
Guest
Stand up for Canada

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.

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

Fuck the racists.

Laibach
Member
Laibach

and fuck the race baiters.

KickThemOut
Member
KickThemOut

Didn’t know you are that flexible that you can fuck yourself? I thought you & BPOM are buddies buddies…was he too rough or too demanding & selfish? Expecting you to do all the work as usual?

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

SIDA’s ancestor Head Tax cheque bounced.

Time to confiscate their ill gotten gains, starting with most vacant homes in Vancouver, and audit SIDAS relatives like Ms. ” Sta Lee Pak” and auntie ” I buy 3, husband by 3″.

KickThemOut
Member
KickThemOut

You should deport yourself first. Only difference between you and that locust is simply $$$. That shithead has it, you don’t.

Name
Guest
Name

no $$$ because I pay my taxes.

Diadora
Guest
Diadora

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?

Laibach
Member
Laibach

Must be Norwegian, judging by the residence and behavioral pattern… “they found the Richmond man was driving without a valid driver’s license – for the second time. That promptly resulted in a seven-day vehicle impound as well as a $276 fine plus a speeding ticket…”

Just me
Guest
Just me

“…a seven-day vehicle impound as well as a $276 fine plus a speeding ticket.”

As if this is sufficient to dissuade them.
Until our society figures out how to punish these criminals, things will not change. And our enforcement system will be mocked repeatedly by these dudes.

KickThemOut
Member
KickThemOut

Because you lazy aholes are all talk, no action. None of you big losers have any guts to do anything beside being a keyboard warrior.

Best place on meth
Member
Best place on meth

Death penalty would be more appropriate for this chicom piece of garbage.

Name
Guest
Name
From the comments section: So the Ultra Rich Asian Girls get interviewed on CBC and complain about… “when people generally speak about foreign investment in Metro Vancouver real estate, they tend to lump all Chinese people in the same category — as wealthy foreigners driving up the cost of housing for locals.” Then wealthy foreigners corrupt our immigration system (New Can Consultants), our driver licensing (Dragon Driving School) and use the BC Supreme Court to fight their battles over illicit financing of home purchases. Undaunted, these same wealthy foreigners then choose to flaunt their wealth by abusing their driving privileges speeding on BC roads in expensive cars. When charged with excessive speeding, Yihao Wang showed up to court with his face concealed. Wealthy Chinese, if you do not wish to be lumped in the same category, act like you came… Read more »
stagnate
Guest
stagnate

Falcon was almost mocking the intelligence of the listeners, he actually said his mother was a nurse so has a small pension. it was a good reminder why I soured on the Liberals.

Combat Roach
Guest
Combat Roach

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

Name
Guest
Name

speaking of double dipping, these guys have it nailed…

http://www.cbc.ca/news/canada/british-columbia/transit-police-wages-arbitration-1.4603550

most of them are retired RCMP or city police and they join the transit police because it’s an easy gig. Full pension and now a full salary makes it over $150,000 a year for many of these guys.

KickThemOut
Member
KickThemOut

Bet most of them are of a certain heritage that shall not be mentioned on this blog. Deportation is too good for these leeches.

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

Who the F*ck allows such pillaging of the public purse….????

I rarely if ever see a Transit Cop… they do NOT ride the skytrtain….there is no presence.

If SHTF on Skytrain….are the local cops in given jurisdiction gonna stand down and let overpaid SkyTrain cops finish their donuts ?

End Double Dipping…use the funds to hire security guards, can’t be any worse.

Diadora
Guest
Diadora

Evita Siu Treets: BC is subsidizing each satellite family more than a quarter million CAD per year & have been doing it 4 over 20 years. Costs to our Province & the Canadian income taxpayers are astronomical. We get the bills, while PRC benefits from productivity of people whose families we care 4

Combat Roach
Guest
Combat Roach

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

Combat Roach
Guest
Combat Roach

Locusts need to be cleansed.

Name
Guest
Name

Scotiabank raises benchmark 5-year fixed mortgage rate, following moves by peers
The Canadian Press, at 12:05 on May 8, 2018

TORONTO – Scotiabank has joined its Big Five banking peers in raising its benchmark fixed-rate mortgage rate.

Canada’s third-biggest lender raised the posted rate for a five-year fixed-rate mortgage from 5.14 per cent to 5.34 per cent, effective Tuesday, while also increasing the posted rates for other terms.

bestplaceonearth
Guest
bestplaceonearth

At the time the NDP is fighting KM hand-to-fist, its pension investment corp loads up on KM shares – How hypocritical is that!

Royce McC
Guest
Royce McC

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.

KickThemOut
Member
KickThemOut

More like the ranting of a brain dead NDP supporters who think everything just magically appear out of thin air.

Just me
Guest
Just me

@kickthemout: you cannot even be brain dead. That would be assuming you have a brain.

All you do is some sick and troubling innuendos that have nothing to do with RE. Leave please.

patriotz
Member

The BC Pension Corp is politically independent. If the government tried to direct it to not hold shares in a certain company the government would be accused of using workers’ pension money to further its own political goals.

KickThemOut
Member
KickThemOut

Bullshit…this is classic of not walk the talk.

bestplaceonearth
Guest
bestplaceonearth

Well, so independent, the board was appointed by the government. And, the government can always issue a direct order not to invest into a particular company. The government is so hypothetical that local businesses cannot do business with KM, but KM please do well to their retirement funds! Of course, you will not see the finance ministry on the trading floor buying KM shares, but as long as the funds load up with KM shares and do well, who cares right!
These government people plus the under-performed protesters, should realize that their lives depend on oil and gas. There is no way around it.
I hope the Alberta NDP will not let this go easy.

Royce McC
Guest
Royce McC

Question: were you this upset under the previous government when you found out that BCI held nearly a half BILLION in tobacco investments while they were, at the same time, suing tobacco companies?

Just me
Guest
Just me

No. Bestplaceonearth is only negative about people and organization that he perceives as damaging to real estate prices.

His moral compass revolves around RE valuations.

YVR
Guest
YVR

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

Diadora
Guest
Diadora

86% of British Columbians want to curb foreign and speculative investment
http://www.nsnews.com/real-estate/86-of-british-columbians-want-to-curb-foreign-and-speculative-investment-1.23295019
NDP and Fed Liberals now can now go after foreign speculation more aggressively.

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

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

Just me
Guest
Just me

Perhaps you missed the memo, but in Vancouver proper the majority now rents. And many owners live in micro-condos.
The real money, the one that buys land, is not the kind of guys you keep referring to.

Have you listened to the interesting comments about foreign buyers that Kevin Falcon made this morning? Care to comment on them?

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

SIDA…pay the Head Tax…do the honourable thing.

bullwhip29
Guest
bullwhip29

Dirty deals and speculation: 3 major turning points in the history of Vancouver real estate
http://www.cbc.ca/news/canada/british-columbia/3-turning-points-history-vancouver-real-estate-1.4653565

kabloona
Member
kabloona

“Vancouver councillor Hector Bremner alleges ‘stacked’ NPA board nixed his mayoral nomination”

https://www.thestar.com/vancouver/2018/05/08/vancouver-councillor-hector-bremner-alleges-stacked-npa-board-nixed-his-mayoral-nomination.html

“….Supporters of Chernen are behind two conflict-of-interest complaints levelled against Bremner. Bremner’s firm counts among its clients several large real-estate development companies.

“There are some candidates that can’t be bought by property developers, that do have citizens’ best interests in mind, and I’m more confident in them than in Mr. Bremner,” Justin Fung told StarMetro in a previous interview.

Fung and Raza Mirza, both members of the citizens group Housing Action for Local Taxpayers, each filed a conflict-of-interest complaint against Bremner. Both had recently become members of the NPA and supported Chernen….”

KickThemOut
Member
KickThemOut

Bremner has just been funged by Fung. This is how locust takes over Vancouver…behind the scenes using nefarious means.

Just me
Guest
Just me

I think Justin Fung is an honest and sincere citizen. He deserves praise for his activities, not criticism.
I trust Justin Fung much better than I trust Hector Bremner.

Bremner, on the other hand, has advocated higher density (a good thing) partly because it would greatly benefit his clients who are often developers (a bad thing). Much less transparent than one would expect from a mayoral candidate.

Hopefully, the NPA will run with Chernen, who clearly oppose the developers’ vested interests.

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

Internal pissing matches start early….

In upcoming Fall civic elections…watch for a major demographic shift in the candidates pool .

Best place on meth
Member
Best place on meth

Fung is a Canadian, you fucking locust.

KickThemOut
Member
KickThemOut

BPOM true colour shows…he is a secret closet locust pretending to be all Cdn loving when he is the biggest traitor to Canada.

Just me
Guest
Just me

Vancouver Luxury Property Is North America’s Worst Performer
Knight Frank survey shows segment fell 7.6% in six months
Two years ago, Vancouver topped global rankings in same survey

https://www.bloomberg.com/news/articles/2018-05-08/vancouver-luxury-property-is-continent-s-worst-performer

Just me
Guest
Just me

“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.”

Just me
Guest
Just me

“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.”

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

Glegol Loberstson….counting the days till they become another failed politician.

10% of COV staff earn North of $100,000 per year….many work in the propoganda…err….communications dept.
Maybe that’s not enough…..recommend they become SkyTrain cops..tell em Glegol, Keg Waiter and Geoff Meggs sent them

Just me
Guest
Just me

“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.”

Just me
Guest
Just me

BMO Offers Record Variable Discount as Mortgage Wars Heat Up

Bank’s promotional rate for 5-year variable mortgage is 2.45%
Rate is 100 basis points below Bank of Montreal’s prime rate

https://www.bloomberg.com/news/articles/2018-05-08/bmo-offers-record-variable-discount-as-mortgage-wars-heat-up

Just me
Guest
Just me

“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.”

Just me
Guest
Just me

“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.”

KickThemOut
Member
KickThemOut

This blog has been ruined by Just Me non-stop incessant copy & paste of useless garbage posts. 80% of posts are from this one troll that has absolutely nothing better to do. The guy doesn’t even read what s/he copy & paste.

kabloona
Member
kabloona

Feel free to exit any time……

😉

bestplaceonearth
Guest
bestplaceonearth

Just Me is a paid shill spreading the wealth tax propaganda.

Laibach
Member
Laibach

Is that you Byron calling someone a paid shill??? What the fuck are you then, a turboshill?

specuskeptic
Member

You and BPOE should leave the blog. It’s awful. I don’t know why you stand for it. RE talks could use your positive influence and guidance…

bestplaceonearth
Guest
bestplaceonearth

Why? If you can’t take the heat, get out of the kitchen.

Name
Guest
Name

Over 20% of new condos in Vancouver and Richmond owned by non-residents

http://www.cbc.ca/news/canada/british-columbia/vancouver-non-residents-statistics-canada-figures-1.4456657

Dave
Member

My number was 25 to 50%. The reported numbers are slowly getting there. In reality the numbers of higher than reported because there is a lot of money shuffling going on.

But even at 20%, it’s undeniable what the influence of foreign money has been.

Laibach
Member
Laibach

Probably these are all fabricated numbers. Only resident “dumbass” knows the right numbers because it is all locals. Non-residents are only fantasy and perception, the byproduct of locals bad conscience.

No Chump
Guest
No Chump

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

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

No Chump…..
…..how’s SeeSaw doing?.

….has it paid the Head Tax or gonna scam the Gov’t like SIDA?

FOMO……. or MOFO?

bullwhip29
Guest
bullwhip29

Ferrari driver going 3 times the speed limit given $750 fine
https://globalnews.ca/news/4194219/ferrari-driver-speeding-sentenced/

Wang received a $750 fine, with the judge saying the fine is considered higher than a typical fine would be for this type of offence

Wang said he was very sorry and will not do it again

>>> yeah, and he also promises to stay off the road until Nov… 😉 I wonder, why is car only impounded for 60 days when the driving ban is 16 months? what a bunch of chumps we all are….

Combat Roach
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Combat Roach

Fucker needs to meet with a concrete barrier…

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the fine should be $750,000

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“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 ???

bullwhip29
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bullwhip29

Richmond council unlikely to shrink so-called ‘monster homes’ says mayor
https://globalnews.ca/news/4195175/richmond-monster-homes/

bullwhip29
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bullwhip29
Combat Roach
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Combat Roach

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

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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.

Best place on meth
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Best place on meth

“Canadian officials such as John McCallum, Canada’s ambassador to China, have repeatedly stressed the need for Canada’s tourism industry to be more China-ready this year”

FUCK! He’s still not dead!

Just me
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Just me

McCallum is one of the worst public officials ever elected. I am convinced a good share of his love of China comes from his personal circumstances rather than the careful analysis of pros and cons for our country.
He just wants China to be a bigger part of Canadian life, at any cost for Canada.

YVR
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YVR

“McCallum is one of the worst public officials ever elected.”

Which party did you vote for last election? You got what you voted for.

Just me
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Just me

Unlike you, I feel free to criticize any party. Including the ones I voted for. It is a matter if honesty.

And yes, if a different party seems better in two years, I will vote for them. I am not married to parties, I choose based on policies.

Right now the one party I cannot vote is the BC Libs. They are the party of RE developers, Chinese money lauderers and entitled west side housing millionaires. But you seem to be OK with them.

YVR
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YVR

Then you vote for the NDP and the first thing their leader Horgan does is go to China to attract Chinese investment. You know that thing you go on and on about endless daily.

You keep voting for people that do the opposite of what you want.

paulb
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New
318
Price Change
103
Sold
117
TI:10835

http://www.clivestevepaul.com

specuskeptic
Member

Probs too early to be making this call, but TI growth has been increasing its rate of growth… https://www.youtube.com/watch?v=Q07pCYmOvVs

Best place on meth
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Best place on meth

They’re stampeding toward the shrimp buffet.

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

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And they have the same behaviour with real estate.

xhistory
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xhistory

As a user of school portables over many years in the 1970’s, (Ontario), In theory I support temporary housing, wherever it’s needed.

xhistory
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xhistory
I’m 56, my first year in a Portable was grade 4, in an elementary school named St Gregory, Galt, Ont. the years went by and we were bused to a Junior High that serviced a wider geographic area. It was very crowded school, and I remember counting 13 portables. For grades 7 and 8 I must of spent half my classes in Portables. I remember my Grade 7 English teacher debating weather she should buy a fur coat or spend her money on a two week Caribbean vacation. By the time Grade 9 rolled around, another school was built in town, and half the towns kids went to this school, the other half remained in the original High School. It wasn’t long before they had to add portables to the new school. Grade 11 was in a private school in… Read more »
xhistory
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xhistory

In 1971, Robert Louis Perry, authored a book, “Galt, U.S.A, the American presence in a Canadian city” chronicling the flood of money and industry coming into my town. A year later we were conglomerate into Cambridge. Somebody in government analysed the duplicitous govt services, and like efficient workers self organizing in the manufacturing plant, 3 towns became ONE city.

When I graduated from High School in 1980, and after a few Punk rock years, by 1982, I was eager to start my work career, which happened to be at one of these American owned companies building nuclear reactor parts. I had a really excellent run back then.. about 7 years..

xhistory
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xhistory

If someone was to ask where my story fits in today’s BC I might say between Grade 4 and Grade 7.. somewhere in there. Govt has a bit of window to set things up.

specuskeptic
Member

Dubious human and unmistakable douchebag Hector Bremner bounced off NPA ticket. https://thebreaker.news/news/npa-questionnaire/

Worms be turnin’….

Just me
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Just me

Questions in the package include:

Have you ever been a member or been employed to represent a special interest group or to lobby on behalf of that group?
Have you ever registered for lobbying with the province of British Columbia, other provinces in Canada, or with the federal government?
Do you own or work for a real estate development company in Canada?
Is there anything from your past that could present a conflict of interest?

Just me
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Just me

“Bremner won last October’s by-election by exploiting left-wing vote-splitting and low voter turnout. His campaign was managed by veteran BC Liberal lobbyist Mark Marissen, the ex-husband of ex-Premier Christy Clark.”

Just me
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Just me

“Despite the seat on city council, Bremner continues to work as a vice-president at the Pace Group and even promotes his position on the civic website. The BC Liberal-aligned public relations and lobbying firm’s website lists developers Aquilini Investment Group, Concert Properties and Intracorp among its clients. The Aquilinis own the Vancouver Canucks, Rogers Arena and its surrounding towers. The Aquilinis partnered with the Musqueam, Squamish and Tsleil-Waututh first nations on major acquisitions of provincial and federal land in the city. Redevelopment proposals are expected to come before city council during the 2018 to 2022 term.”

YVR
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YVR

Horgan and the NDP took $500,000 from developers. That is okay though. They won’t let it impact their decisions. Cutting the spec tax by 85% and not implementing the foreign buyers tax on presales were the right thing to do.

Just me
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Just me

“Bremner, a former aide to Deputy Premier Rich Coleman, is already the subject of two conflict of interest complaints from party members under city hall’s code of conduct. An investigator has been appointed in one case. ”

YVR
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YVR

Nice to see the NPA vetting candidates properly. Vision accepts card carrying communist party members like Meggs. Then again Meggs ran for the NDP prior to that and now is Chief of Staff to Horgan. I guess those commies fit in well with Vision and the NDP.