Realtor: Bubble correction is underway.

VCI Favorite Ian Watt says the bubble is deflating in Vancouver, with a correction of 10-15% in Coal Harbor condos so far in the last six months:

“Usually you’d have five to 10 sales a month, but we’ve only had one in the last six weeks. Everything above $2 million is pretty much dead; anything related to international money is gone right now.”

Prices have also declined for downtown condos in the $600,000 to $700,000 range, Watt said.

In relatively affordable Langley and Abbotsford, where a two-bedroom, two-bathroom townhome goes for between $300,000 and $400,000, it’s a similar story: seven or eight weeks ago, sellers would receive multiple offers. Properties are now sitting on the market for longer, said Tim Sawatzky, a realtor with 2 Percent Realty Valley.

Where it was once common to see lineups to buy condo pre-sales contracts, Sawatzky said developers in Surrey, Langley and Abbotsford are now offering a variety of incentives, such as a $20,000 “furnishing package,” or between $20,000 and $40,000 off the closing price when the building is completed. (When buyers purchase a pre-sale condo contract, they typically pay five to 15 per cent of the price up front and then pay the full amount after the building is completed.)

All sorts of cash incentives in the market right now if that’s your sort of thing.  Read the full article here.

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[…] appears there might be a limit to ‘build it and they will come’. Southseacompany points out a recent development proposal that was pulled amid signs of weak […]

Dyugle
Guest
Dyugle

Reality bites for Canada as foreign hunger fades for its securities
https://reut.rs/2LsUx5q
Nasty graph will affect Canadian dollar and put the BOC in the hot seat.

Doomcouver
Member
Doomcouver

‘Significant or very significant’: Analysis shows money-laundering vulnerabilities in B.C. real estate
https://vancouversun.com/news/local-news/dan-fumano-data-point-to-money-laundering-vulnerabilities-in-b-c-real-estate-sector

“According to data obtained by Postmedia News, Canada’s financial intelligence watchdog found “significant” and “very significant” deficiencies in the anti-money laundering controls at 88 per cent of real estate entities they examined in B.C. over the last two years.”

These money launderers won’t like the extra focus on their real estate holdings. If this leads to some government seizures, you can expect the rest of the rats to sell and abandon the sinking ship.

bullwhip29
Guest
bullwhip29

Following the bombshell report detailing how Vancouver-area casinos became hubs of international money laundering, the second phase of B.C.’s battle against dirty money is expected to target real estate
https://vancouversun.com/news/local-news/dan-fumano-data-point-to-money-laundering-vulnerabilities-in-b-c-real-estate-sector

Oracle
Guest
Oracle

Looks like the Admin is ready to shut down This site.

Give us a 2 week warning before you do it.

Thx for providing a platform for the last few years.

Name
Guest
Name

my sources say that the Admin bought recently so no more interest in running this site…
Wow just Wow !!!

Slava
Member
Slava

You wish.

southseacompany
Member
southseacompany

“Fears of Australian property market ‘fire sale'”, ABC News ( Australia) video

https://www.youtube.com/watch?v=6-8c5tH_9Qw

“House prices in Australia are dropping in most capital cities with data released today showing Sydney and Melbourne posting their weakest results in six years.
One of the factors that could see prices fall still further is interest-only lending. During the next three years, billions of dollars of interest-only loans will roll over to principal plus interest. That could force many Australians into serious financial difficulty.”

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

There is an article right now in the Georgia Straight by Charlie Smith entitled “Canada Border Services Agency irks Taiwanese Canadians by referring to their country of origin as “Chinese Taipei”. Here is an excerpt:

“It’s an idiotic phrase, especially when one considers that millions of Taiwanese residents don’t live in Taipei, which is the nation’s capital.

Canada has opposed Russia’s annexation of Crimea from Ukraine. Yet with the CBSA news release, the Trudeau government appears to be giving tacit approval to China’s desire to annex Taiwan”

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

I find the term Chinese Taipei to be offensive. I went to school with lots of kids from Taiwan and everyone always called it Taiwan, I never heard it called Chinese Taipei. When I was in school, the kids who spoke Mandarin were all from Taiwan and the kids who spoke Cantonese were all from Hong Kong. I didn’t even know anyone from China and I didn’t know what language they spoke in PRC. As far as I was concerned, Mandarin was the language of kids from Taiwan. PRC seemed irrelevant in those days and I wish it could be like that again now. China is a very, very bad country that is hostile towards many of its neighbours. Why is Trudeau in bed with the Chinese???

Best place on meth
Member
Best place on meth

I’m fine with the name change as long as Border Services refers to mainland china as “The Worlds Worst Shithole”

It’s only fair.

patriotz
Member

” Yet with the CBSA news release, the Trudeau government appears to be giving tacit approval to China’s desire to annex Taiwan”

China does not desire to “annex” Taiwan because it has always been considered part of China by both the Republic of China (the regime that now rules only Taiwan) and the PRC. I do think that Canada could be more vocal in taking the position that future changes in the status of Taiwan versus the mainland must be achieved democratically.

https://www.theglobeandmail.com/opinion/article-why-canada-shouldnt-tiptoe-around-chinas-stepped-up-bullying-of/

xhistory
Guest
xhistory

…..“Bank credit swells and shrinks in synch with the land cycle… buyers need more credit to purchase land; the appreciated land than serves as collateral for more bank loans.”

https://www.forbes.com/sites/jordanlulich/…state-market-crash/

….the appreciated land than serves as collateral for more bank loans.”

….the appreciated land than serves as collateral for more bank loans.”

xhistory
Guest
xhistory
Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

Blogger Spencer Fernando reported on July 27 that it was Justin Trudeau’s 7th consecutive vacation day since the Danforth terrorist attack in Toronto. He went on vacation to BC on July 21, the day before the attack, and after the attack only issued one tweet about it and the PMO issued a statement. It does seem like a dereliction of duty because when our civil society comes under attack like this, it is the Prime Minister’s job to show some leadership and condolences and a tweet doesn’t cut it. The blog features a photo of Trudeau surfing in BC, although that was taken last summer. The Prime Minister is not releasing any photos from his BC summer vacation this year so we don’t know if he is surfing or what he is doing. He is basically MIA. One commenter pointed… Read more »

Slava
Member
Slava

The Vancouver Gay “Pride” parade is his only priority right now, come hell or high water.
He is itching to party and get bummed, and fulfill his sexual desires here, once again.

The Man
Guest
The Man

The data is in – homosexuals prop up real estate.

“Your Gay Neighbors Really Are Raising Your Real Estate Values”
https://www.theatlantic.com/politics/archive/2012/07/your-gay-neighbors-really-are-raising-your-real-estate-values/260437/

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

Full disclosure: I am gay. Yes, I am a gay Trump supporter. Don’t be surprised, there are loads of them on youtube and part of the silent majority. Just like there are lots of black Trump supporters like Diamond and Silk (who I love, btw, the new Oprahs in this new Trumpian world–check them out if you haven’t already). Of course, there is a connection between gays and gentrification. In Vancouver, gays gentrified the West End and lesbians started the gentrification of Commercial Drive. They are part of Florida’s “creative class”. This has been shown in many cities. Regarding Pride: It’s probably important to Trudeau since one of his strengths in the last election was his attendance at Pride and Mulcair’s conspicuous absence. That being said, I have boycotted Pride since they became taken over with BLM politics. I don’t… Read more »

Lost...but not Leased
Guest
Lost...but not Leased

If Gays gentrified West End…and Lesbians gentrified Commercial Drive..what group gentrified everything in between ?

Slava
Member
Slava

The baby boomer enabled and imported black bristle brush haired clone locust hordes, of course:)

Lost...but not Leased
Guest
Lost...but not Leased

Trudeau’s next mission is bisexuals should get 50% discount on vaseline….

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

The CBC is in his back pocket. He restored the funding cuts and kept the fat. They would say a bad word about him.

Oracle
Guest
Oracle

Another naive comment.

The backroom boys behind Trudeau ‘own’ the CBC.

They call the shots. And if anyone at CBC doesn’t listen, heads roll.

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

It was not a terrorist attack.

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

So says the MSM

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

Of course, I should have known that your conspiracy theorist websites know better.

Name
Guest
Name

The shooter was an ISIS sympathizer and was involved with ISIS. The media downplay this because they don’t want to incite yet more Muslim violence.

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

False. It’s liars like you which endanger the safety of others.

https://www.cbc.ca/news/canada/toronto/toronto-hussain-not-isis-police-saunders-1.4760817

Slava
Member
Slava

ISIS took responsibility. Do you need it spelled out, dickhead?

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

Did you read the article, dumbass?

Name
Guest
Name

Your article is fake news to deflect from the truth. It is a cover up.

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

Right. And how many people do you think are involved in this cover up and why do you think your “alternative facts” websites are somehow immune from its reach?

Morons love to believe in lies because they think if they choose to hold a minority opinion it somehow makes them smart. They’re mistaken.

Name
Guest
Name

Liars believe their own lies.

Best place on meth
Member
Best place on meth

“Morons love to believe in lies because they think if they choose to hold a minority opinion it somehow makes them smart.”

Like holding a super minority opinion that mainlanders are not responsible for the extremely high real estate prices here, an opinion held by almost nobody.

You are a moron who believes in lies, but worse, you’re an evil hypocrite for behaving in a manner that you accuse others of.

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

It’s not an opinon, it’s a fact that’s supported by evidence. I’m not surprised you don’t understand the difference and once again fail to understand the meaning of hypocrisy.

Best place on meth
Member
Best place on meth

You have exactly zero evidence. Zero.

You are a liar and a hypocrite.

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

Stop embarrassing yourself.

Best place on meth
Member
Best place on meth

This is all you have left.

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

Correct, all I have is facts and data. Boo fucking hoo.

Slava
Member
Slava

Uhhh, no. So boo fucking hoo.

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

We have plenty of data to show that locals are gorging themselves on debt so that they can get into real estate before they “miss out”. But I suppose ignoring it is somehow critical thinking in action?

Slava
Member
Slava

Right. A moron who lacks critical thinking skills, is in denial, or is attempting to shill.
1.ISIS claims responsibility.
2.Shooter was dressed purposely in black with a purposeful actions which showed prior planning
3.Shooter is of a particular descent where is Islam is the dominant religion, and where ISLAMIST useful idiot patsies are bred.

Critical thinking tell you that suspiciously, loudly and repetitiously bull-horning the mental illness narrative right as the incident happened up until now, is a scramble of desperation. It is definitely not a fact that it was not an ISIS inspired attack. Only Morons would religiously argue that it is.

Of course most ISIS Sympathizers are mentally ill, cutting Shia, Christian, Allawite heads off, and throwing gays of buildings. Mental illness, does not mean they are not ISIS.

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

Critical thinking would tell you it was in ISIS’ interest to claim everything regardless of whether they were involved and that point 3 makes you a toxic racist turd.

Slava
Member
Slava

Historical facts are racist to you, then you have some sort of mental illness and you definitely cannot think critically. Thank you for proving my point, that you are a moron.

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

I’m inclined to believe that you simply think the words “critical thinking” are some sort of trump card you can play or somehow gives you license to throw any garbage opinion out there. You clearly have no clue what it means.

Slava
Member
Slava

If you believe that msm narrative like a naive (I want to believe!) fool, I have a bridge to sell you. You are really dumber than I thought or just a poor propagandist.
Critical thinking is your friend.

Best place on meth
Member
Best place on meth

Canadian millennials have a new reason to resent baby boomers

https://theprovince.com/real-estate/retirees-are-driving-up-prices-of-waterfront-cottages-in-canada/wcm/cafe8750-4048-4a20-aec7-58d028956a26

First they reaped the benefit of the biggest property boom in Canada’s history — now they’re driving up the cost of a country retreat

Oracle
Guest
Oracle

And you suckers are going to pay higher taxes for their medical care and seniors homes. Privatize Medicare and let them pay for it through their equity.

I know it’s not the Canadian way but if you don’t then continue bending over for the rest of your life. And as an aside, it’ll put pressure on housing.

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

Interesting idea, Oracle. Something to think about. Not sure how keen I am about privatized health care, but generally speaking I am supportive of any cuts to social programs that will have a disproportionately negative effect for elderly people and seniors. Those generations have already sold the farm so they deserve nothing more from us. It was the baby boomers who cheered on all the cuts to post-secondary education that caused so many of the future generations to begin their adult lives with a lifetime of student loan debt. The baby boomers enjoyed cheap tuition and a strong job market and then pulled up the ladder preventing anyone else from coming up after them. And when they retire the will take so much institutional job knowledge with them, the younger workers simply won’t be prepared to fill their jobs. And… Read more »

Slava
Member
Slava

Bingo! And they are responsible for enabling and defending Foreign / mainly Chinese money that destroyed the economic fabric and community of the Lower Mainland.
You have to identify your enemy in order to defeat him.

Name
Guest
Name

Callous like Garth Turner.

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

I am nothing like that HAM-denying Garth Turner. I consider him to be an establishment politician, and as such, he is part of the problem and needs to go away.

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

He’s not a politician and his behaviour when he was could hardly be described as being “establishment”.

Best place on meth
Member
Best place on meth

The U.S. Housing Market Looks Headed for Its Worst Slowdown in Years

https://www.bloomberg.com/news/articles/2018-07-26/american-housing-market-is-showing-signs-of-running-out-of-steam

The U.S. housing market — particularly in cutthroat areas like Seattle, Silicon Valley and Austin, Texas — appears to be headed for the broadest slowdown in years. Buyers are getting squeezed by rising mortgage rates and by prices climbing about twice as fast as incomes, and there’s only so far they can stretch.

“This could be the very beginning of a turning point,” said Robert Shiller, a Nobel Prize-winning economist who is famed for warning of the dot-com and housing bubbles, in an interview. He stressed that he isn’t ready to make that call yet.

southseacompany
Member
southseacompany

“Proposal for luxury condo tower in Vancouver pulled amid signs of weak demand”, Globe & Mail

https://www.theglobeandmail.com/canada/british-columbia/article-proposal-for-luxury-condo-tower-in-vancouver-pulled-amid-signs-of-weak/

“A proposal for a downtown Vancouver luxury condo tower that was scheduled to go to a public hearing next week has been abruptly cancelled by the owner.”

“A representative of the developer, Brilliant Circle Group, sent a letter to the planning department last week withdrawing the project. The letter, obtained by The Globe and Mail, explained that the decision “is due to the impact of the rapidly changing real estate market, which affects both the unit mix and the CAC evaluation.””

““Everything’s corrected and the luxury market is gone,” said Ian Watt, a realtor who specializes in higher-end housing. “Anything under $2-million will sell, but in the last two months, there’s been only one sale over $3.5-million.””

Name
Guest
Name

“Brilliant Circle Group” sounds like an axian gang.

YVR
Guest
YVR

Pulled to make design changes.

The project is not dead, but the company is going to re-evaluate the design and resize the units for the triangular piece of land at Georgia and Pender streets that was bought for $16-million five years ago. It is now assessed at $30-million.

YVR
Guest
YVR

George Wong, whose company, Magnum Projects, was set to market the Brilliant Circle tower, said he thinks the West Georgia project is an unusual case and its withdrawal isn’t the beginning of a crash. He is also marketing the Landmark On Robson towers for the company Asia Standard, which has about 240 market condos planned for the site. That is the highest-priced development on the market, with the apartments selling for $2,000 to $5,000 a square foot, depending on their placement. Just less than 50 have been sold since the marketing started in February. Mr. Wong said the Landmark’s owners, based in Hong Kong, don’t need external financing, so they are comfortable with taking five years to sell the building.

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

Resizing to reduce the price per square foot? A price cut then.

YVR
Guest
YVR

Resizing indicates reducing the unit size to price the unit lower not less per square foot. Although they could be making other changes to reduce the price per square foot as well. The other project quoted states they are priced at $2K to $5K per foot for a building on Robson St. That means the bottom floor facing the street is $2k per foot. Ludicrous.

Lost...but not Leased
Guest
Lost...but not Leased

Our resident VCI geniuses seemed to miss THE most intriguing feature of the Globe and Mail article..the COV wants to charge CAC ‘s ( Community Amenity Charges ) of $300-$400 sq. ft.

WTF?
Wholly sh*te Batman!!!

Now……is this a fee across- the- board for of all COV developments?…..one would think it is…however then what the developer charges should not be pro-rated CAC….The COV gets its extra pound of flesh come property tax time and via the BC assessment racket.

These CAC’s get rolled into people’s mortgages etc.etc.
Regardless…CAC’s are a result of POOR planning…..the little guy gets f#cked over every time to pay for poor governance(redundant).

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

There’s a reason nobody ever replies to you.

Just me
Guest
Just me

“There’s a reason nobody ever replies to you…”
….said the most popular dude on the blog.

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

In case you hadn’t noticed it’s not a goal of mine to be popular amongst xenophobes.

Lost...but not Leased
Guest
Lost...but not Leased

Sez dumbass f*cktwit.

YVR
Guest
YVR

“Community Amenity Charges ) of $300-$400 sq. ft…Now……is this a fee across- the- board for of all COV developments?” No, CACs are what the CoV gets to give additional density to the developer. For example if the property is zoned for a 25 story high rise the and the developer wants to build a 40 story high rise the CoV will grant it for a certain CAC (money towards community amenities). The developer can always pay no CAC if they build to the zoning level. CAC are only paid for up-zoning. Having said that the CoV pretty much holds all developments to this by old zoning regulations which does not allow for the density which is normal for a particular area. If there were no CAC then the land value would be higher. It would not reduce the price of… Read more »

Dave
Member

We are so stupid in this City. So many people think this is somehow free money that the City creates from thin air. If the City cared about affordable housing, they’d give density away for free and to more developers to get product built and increase supply.

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

If they’re resizing smaller to directly reduce unit costs then they’ve got 50 buyers who have put down deposits to screw over.

YVR
Guest
YVR

Wrong building. The building being “resized” has not been sold yet.

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

Right you are.

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

Anything under $2-million will sell, but in the last two months, there’s been only one sale over $3.5-million.””

And they said it was locals driving the price increases. No foreign money – nothing to see here.

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

Which part of “anything under $2m will sell” is confusing to you?

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

AIDS they said it was locals moving the market not HAM. They were wrong and the fact anything over $2 mil is not moving cause locals can’t afford it proves it.

Not even two highly paid professionals can afford a $5 mil home. Only students and housewives from China can.

You really are stupid and likely the most hated person here.

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

So the fact that locals are gobbling up everything under $2m isn’t what’s moving the market? We already knew that foreign buyers made up 5-10% of sales and that they were mostly active at the high end. But that’s never been the majority of sales. Now you think that this proves the small minority of sales drives the market?

I’m guessing you inherited your money because you’re clearly too fucking stupid to have earned it.

Oracle
Guest
Oracle

If anyone on Twitter, and you tweet about housing in a negative way, be forwarned that politicians and developers have probably paid to get you shadowbanned.

Twitter is the only avenue for democracy. Once that’s gone, nothing else left.

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

Globe article today about developers panicking

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

Global News is reporting that a Subway restaurant in Aldergrove is alleged to not have paid employees stat pay and overtime and directed employees to alter expiry dates on food and hide expired food in their cars during head office inspections. The white employees were paid stat pay and overtime but the Indo-Canadian employees were not. The title of the article is “Nobody speaks, because everyone needs the job’: Aldergrove Subway workers’ shocking allegations” by Neetu Garcha I have a lot of experience working minimum wage crappy jobs. This is par for the course, standard operating procedure. Many, many (maybe even most?) low wage employers do not pay stat pay and overtime. It’s just an unspoken rule in that part of the labour market. If you demand it, your job will be in jeopardy. The BC Liberals gutted the Employment… Read more »

Oracle
Guest
Oracle

What the NDP strategy is relates to who runs them from the sidelines nowadays. They are no different than the Liberals. They have their ‘under the table’ donations from developers, taxi industry, and LNG etc. Also, they have their old school cronies still in there. Their strategy is to have a broad headline that says “Promise Completed” while anyone with half a brain would see that’s not the case when details/loopholes are looked at. They play to the naive minion base and it seems to be working to a point. I’m still thinking they totally screw up the PR vote. A yes would obliterate a significant portion of the NDP vote. I’d say they’d fall from 40% to 30% because people wouldn’t strategically vote. You think they will allow that and let the Greens pick up the 10% and more… Read more »

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

I agree with everything you wrote, especially with the first paragraph. The NDP are controlled by a cabal of insider secretive donor lobby groups (taxi industry etc) just like the BC Liberals. I want the NDP to know I was one of their biggest supporters during the BC Liberal 16-year Reign of Terror but now I can see right through the NDP and can see them for the shysters they are!!! BC Liberals and NDP are two sides of the same coin — and this is coming from someone who used to rail against the BC Lieberals!! If the NDP lost me, they should be scared. Granted, I’m ahead of the curve than most people. But most definitely there is a shake up going on in Western World politics and BC and Canada are not immune. I think our leaders… Read more »

Oracle
Guest
Oracle

Wait till the minions here start calling me a Real estate pumper or a BC Liberal hating on the NDP. The partisan crap.

They just don’t get it.

They have no idea that they are the ones being played.

Oracle
Guest
Oracle

You forgot to end with a ‘Wow oh wow!

Oracle
Guest
Oracle

That’s nothing. Booster juices that provide lunchtime drinks to schools actually double their stated sugar. “Two pumps instead of one.” Lol

Kids will like the ‘stealth sugar’ drink while parents will like the ‘healthy’ drink. Hahaha

CRA221
Guest
CRA221

What I don’t understand is the article says that there are allegations of racism because the “white” employees were paid OT but the Indian ones were not.

But the owner is the same ethnicity as the workers he was being “racist” towards. Is it racism if you are both of the same race?

Oracle
Guest
Oracle

The media grasping at straws.

On another note, The Indian employees are probably foreign students.

It’s not uncommon for the owner to demand sexual favours from female Indian foreign students these days.

Talk shows on RedFM 93.1 devoted to this issue. The foreign students are in a bind and need the money and/or experience to get residency.

So probably more to this story than the corrupt media says.

Lost...but not Leased
Guest
Lost...but not Leased

Is that how SIDA gets dates ?

Lost...but not Leased
Guest
Lost...but not Leased

Don’t people wonder why EI’s dominate such things as Gas station employees ?

A while back…an EI dude had several Petro Canada stations under his management…..employees were TFW(EI) employed to work there and many complained of long hours , being ripped off..etc.

When you let 3rd worlders in..expect them to import their sh*tty F8cked up culture….duhhhh

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

Judging by how you write I’m sure they’re more educated than you. Or less stoned.

But you somehow think you’re superior.

YVR
Guest
YVR

“allegations of racism”

Anytime anything negative happens to a minority it is racism. Don’t question it otherwise you are a racist. I am surprised they are not calling it a “hate crime”.

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

The dumbfucks would love to have people believe that calling out racists for using racist slurs is somehow out of order.

It’s a losing strategy.

YVR
Guest
YVR

I didn’t see any reference to a racist slur in the article. It was based on the person being a minority who had something bad happen. The media right away had to label it racist. Although you calling everyone a racist for pointing out bad behavior of certain Chinese is just as ridiculous.

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

I wasn’t referring to the article. I was referring to those who use racial slurs and then bleat that somebody called them a racist. Their only defence is to try and suggest that every accusation of racism is somehow misplaced.

They’ll insist that they cannot talk about facts without being called racist. Because they’re idiots

YVR
Guest
YVR

“Their only defence is to try and suggest that every accusation of racism is somehow misplaced.’

And your position seems to be any negative anecdote or comment about anyone who is non-white is racist. Yes sometimes non whites do bad things. Sometimes white people do bad things. Both are pointed out here. For example the mostly white leadership of the BC Liberals are called every name in the book. But if someone calls out a communist dictator or a criminal Chinese immigrant they are racist.

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

Straw man.

patriotz
Member

“What I don’t understand is the article says that there are allegations of racism because the “white” employees were paid OT but the Indian ones were not. ”

I would call it exploitation. That’s ripping people off because they have fewer legal rights (e.g. TFW) or don’t understand the rights they have. (e.g. recent immigrants). Doesn’t mean the boss thinks his own ethnic group is inherently inferior.

Diadora
Guest
Diadora

I hope PaulB is not loosing interest in posting daily sales number on this site.

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

He knows that associating with racists is bad for business.

Oracle
Guest
Oracle

Brings up the racist card again. Hahaha

I bet you more than half the people here are ‘visible minorities’.

Only racists here maybe is BPOM and SIDA.

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

Being a minority doesn’t mean you can’t also be racist. Are you that dumb?

Oracle
Guest
Oracle

Sure you can! How do you treat blacks when you go back to China?

Like the locals do? I thought so.

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

Oh, you are that dumb.

Oracle
Guest
Oracle

Commie upvoted himself.

Specuskeptic
Member

LOL. You proved his point…

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

Without being a member? You’re even more dumb than I thought.

Name
Guest
Name

Vancouver Tenants Union looks to expand across BC

https://www.news1130.com/2018/07/28/vancouver-tenants-union-looks-expand-across-bc/

“When I came back four years ago I found Vancouver in particular I can only describe as having a kind of toxic mist of greed hanging over. It all related to the value of land and property,” she explains.

that sums things up quite well…

Lost...but not Leased
Guest
Lost...but not Leased

In a tight rental market these people have little if any power.

Make Vancouver Canadian Again
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Make Vancouver Canadian Again

Interesting article in the Vancouver Sun about the taxi industry and they delay to bring in Uber. The usual handwringing we’ve come to expect, but one quote really stands out: “Although taxi companies may reduce risk by selling licence shares, licences are often pledged as collateral for bank loans. Taxi associations told Hara that there are substantial outstanding loans for which licences are being used as collateral, and according to the VTA, they could exceed $500 million.” Wow! The article explains the licenses are initially purchased for $200 but when resold can be bid up to $1 million. Wow! Is this tulip bulp mania bubble with taxi licences? That’s an awful lot of appreciation in value, I don’t even think Vancouver real estate has appreciated that much in value. From $200 to $1 million. It’s hard to wrap my mind… Read more »

Make Vancouver Canadian Again
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Make Vancouver Canadian Again

Title of the article is “Taxi industry in B.C. worried value of taxi licences could fall further owing to ride-hailing” by Jennifer Saltman.

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Name

$500 million explains why the taxi industry is fighting ride-hailing.

Lost...but not Leased
Guest
Lost...but not Leased

Pub licenses used to be worth something….but changes to liquor act have impacted that. Dairy farmers buy “quota” as an investment.

“Taxis” and licenses..no secret which identifiable group(EI) has a literal monopoly on these. This extrapolates into a potent voting block, when it involves extended family.

Taxi licenses value helps explain why the EI’s drive cab …then build houses when not driving.

NDP are not very bright, but ain’t THAT stupid…by golly gosh…!!!

Oracle
Guest
Oracle

Wrong. That’s the media go to headline. Most Indians would be happy to see this cartel broken up. It’s about 1000 families that are doing this and it relates to cash kickbacks.

Nothing to do with ‘voting blocks’. Don’t buy that bs propaganda.

Lost...but not Leased
Guest
Lost...but not Leased

Same difference….

If, as you say….1000 families are in charge…that’s enough political power as it extrapolates into trickle down mode…the rest below the caste system will toe the line..or else..

Voting blocks exist….do you seriously deny that????
…how do you think parties like Federal Liberals stay in power? What do you think was THE reason behind multiculturalism?

Oracle
Guest
Oracle

And the new 500 licences are to be owned by existing taxi platebholders. Making them richer.

And also all cash business.

Kickbacks only reason they protected.

Lost...but not Leased
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Lost...but not Leased

An acquaintance once mused about offering ” free ” rides….but strongly hinting at “tips”

…could that be stopped?

Dyugle
Guest
Dyugle

The million dollar SFH line has moved west of the Pitt river with Port Coquitlam now under that value. Line is at the Lougheed highway. Next target is South Coquitlam.

Best place on meth
Member
Best place on meth

Ladner slipped under a mil last month.

Yes, the world famous Ladner with its A list movie stars and international high roller financiers all living there.

Once again, that’s Ladner.

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

Ladner is one of the most difficult places to commute to, whether by car or transit. By car, you’ve go to contend with the tunnel, which is a major traffic choke point. By transit, it’s a long trip and you’ve got to take a bus from Canada Line and again deal with tunnel traffic and the bus just drops you off at the Ladner Bus Loop and then from there to get where you’re going you’re going to have to walk. It’s basically a car suburb (but with terrible car/hwy access) unless you live right by that bus loop by the McDonald’s there. And it’s basically at sea level on sedimentary Fraser River deposits. Big time liquefaction in that area when the big one hits. I honestly don’t know about all the hype about sea level rise, but if true,… Read more »

Lost...but not Leased
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Lost...but not Leased

Hmmm…this is interesting…NDP has a few ridings in these areas….NDP policies are killing off own soon- to- be ex- millionaire supporters ????

Regardless…interesting to observe where the” million dollar SFH” line maxed out before retreating.

Watch the condo market not only follow SFH…..but likely implode..many people bought at these peripheries and drove prices to unsustainable levels. Bubble is deflating fast.

Or. conversely, if one could afford to pay $1 million…now you can shop around for something closer.

Oracle
Guest
Oracle

Some issues that can bring down Canada to its knees and wakrbthe naive minions up!

World trade of $2 Trillion per year. The US-EU trade is half or $1 Trillion. They have started negotiating true free trade. If it happens it means zero tariffs and zero subsidies.

Trump at the same time may strike a deal with Mexico. Trump basically said Fuck Canada because the clown Trudeau is pandering to Chinese interests.

China is Trumps #1 Target. Hopefully the country is set back decades and their financial system collapses. The vested interests in canada in alignment with China must be defeated!

Otherwise Canada will be brought to its knees.

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

“Trump basically said Fuck Canada because the clown Trudeau is pandering to Chinese interests.” That summarizes it in a nutshell. Thank God for Trump because he just may wake up the Canadian establishment to drop China. It may be our only hope at this point. Trudeau is truly incompetent (maybe Mulcair would have been a better PM? Was Mulcair infatuated with China? I don’t know). Like, why do we have to have this strong relationship with China and constantly trash the US. China is a brutal dictatorship, absolutely brutal to its own people. With all its faults and warts, the US is morally superior to China and is a better global steward. Just imagine how dark this world would be if China replaced USA as number one superpower. Then China would really have free reign and who knows what kinds… Read more »

YVR
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YVR

Andrew Weaver slams the NPD faux crack down on tax evasion.

“This is not dealing with tax avoidance, despite what the press release says. What this is doing is it’s allowing government to collect data, and it’s also essentially dealing with anonymity of property ownership,” said Weaver. He says the NDP government needs to require the property transfer tax be applied to the beneficial owner of property, not just the owner listed on the land title. Weaver says the province needs to close the bare trust loophole that allows people to purchase a property in a trust, have a corporation own shares in that trust, and then sell the shares in that corporation and transfer the beneficial ownership of the property without changing the title, to avoid paying the property transfer tax.

https://www.cbc.ca/news/canada/british-columbia/bc-government-crackdown-tax-evasion-real-estate-property-transfer-tax-1.4762163

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

Does he mean avoidance or evasion?

realist
Member
realist

Andrew Weaver, quoted in the above article:
“This is not dealing with tax avoidance, despite what the press release says. What this is doing is it’s allowing government to collect data, and it’s also essentially dealing with anonymity of property ownership.” He says the NDP government needs to require the property transfer tax be applied to the beneficial owner of property, not just the owner listed on the land title. “They haven’t closed that loophole … they still left it open, but now it’s transparent, and it’s almost like you’re taking half steps in actually dealing with what frankly government said it was going to do ages ago, and it still hasn’t done it.”

Oracle
Guest
Oracle

Wow. NDP showing its true colours. They are hoping to stay in power on the backs of the naive.

If renters can’t see this then they deserve this.

Bare Trust should be closed. That simple. They could do it in a week.

This data collection is no better than a ‘study’.

Vote for PR. Then vote massively for the Greens. Let’s Fuck this NDP up!!

YVR
Guest
YVR

“NDP rules could boost Pattullo Bridge replacement by $100 million”

Your tax dollars at work. The unions pay the NDP you pay the unions.

https://vancouversun.com/news/politics/ndp-rules-could-boost-pattullo-bridge-replacement-by-100-million

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The same thing happened when the new island highway was built. It was a closed shop for unions only. No non union trades were permitted. So it cost the taxpayers millions more than it could have.

Lost...but not Leased
Guest
Lost...but not Leased

Are you sure it was closed shop?
…..I thought it was wages on par with unions was the key .

bullwhip29
Guest
bullwhip29

Sonny Sidhu, of G S Farm says he and other blueberry farms in Richmond are having to keep a keener eye on pickers these days. Theft is a recurring problem and so are a minority of pickers who don’t respect rules, including littering, where at one point this season, Sidhu, in a shake-your-head moment, had to discard a used diaper found between his rows of blueberry bushes…
http://www.richmond-news.com/business/richmond-u-pick-101-guide-farmers-don-t-do-dirty-diapers-1.23380951

Best place on meth
Member
Best place on meth

At least they’re finally starting to put their infant locusts into diapers rather than allowing them to piss and shit freely wherever they go.

Note to the farm owner, the reason some of them show up without buckets is because they’re only there to fill their bellies, not to buy.

I’ve witnessed this first hand.

YVR
Guest
YVR

What makes you think the diaper was for an infant?

Name
Guest
Name
Name
Guest
Name

China says vaccine maker Changsheng broke manufacturing rules, faked records

https://globalnews.ca/news/4357502/china-says-vaccine-maker-changsheng-broke-manufacturing-rules/

we can add this to the long list of fraudulent practices to come out of that cesspool of a country.

Hyper-mega-Bull
Member
Hyper-mega-Bull

more likely didn’t pay the bribe or executive didn’t let the high level communist party official sleep with his wife.

Hyper-mega-Bull
Member
Hyper-mega-Bull

the fact that there are manufacturing rules and fake records is a given. the real question is what resulted in them getting caught? see my above comment.