“Some landlords don’t want to lower [retail] rents because it reduces the value of their building,” he said. “They would rather leave [storefronts] empty.”

this does not make any sense to me. I’d rather have some cash flow income rather than no income vs. an inflated valuation on the asset and I’d think an empty building would be worth less than a rented one anyways.

If interest rates keep rising my prediction is that prices will really tank. But it all depends on where interest rates go. The speculating and money laundering azians are gone and that’s another plus. Also the 20% FBT is helping somewhat. And the mortgage stress test. Too may things are lining up now to allow for the market to increase again.

One thing you guys have to get used to is this region of the world will become less and less white. If you overcome and accept this, then you can focus on housing prices etc.

Every culture has their issues. Some more than others. And not everyone likes certain cultures. Hence the ethnic ghettos all over the lower mainland.

But one thing is for sure. Whites will be a small minority in the future. Accept that. And move on.

What I am talking about here really is missed opportunity cost or misallocation of investment. People usually think about those in terms of economics–BC has a form of Dutch disease (liberal use of that word) as a result of overinvestment in real estate and underinvestment in productive economic sectors. But it also has a very human component: All the people who never got a chance to develop skills and develop work experience has a personal, psychological, social, and economic impact that I really think the baby boomers do not appreciate.

The culture has self-centered individuals. Everything is about me me me and not about those around them.

Was he wearing an ostrich jacket?

admin not allowing me to post rest of article.

if you google headline and click on link you should be able to get around paywall once or you could print to pdf

The Royal Canadian Mounted Police estimated in 2011, the latest year for which data is available, that between 5 billion and 15 billion Canadian dollars ($3.8 billion to $11.5 billion) is laundered in the country every year.

Canada has five of the world’s largest 60 banks and is an increasing destination for global capital. So what happens within the country has effects beyond its borders, according to anti-money-laundering specialists and regulators.

Yet critics say the country isn’t doing enough to clamp down.

When British Columbia’s attorney general, David Eby, was briefed by law-enforcement officials last year on alleged money laundering in his province, the scale of activity described to him “blew my mind,” Mr. Eby said.

Mr. Eby said he was embarrassed to learn that Australian authorities had even dubbed a common tactic among Chinese gangs, in which illicit money is processed through casinos, as “the Vancouver method.”

Canada’s financial-intelligence agency, the Financial Transactions and Reports Analysis Centre of Canada, or Fintrac, said in a recent report to lawmakers that more than two-thirds of Canadian banks it examined had “significant levels” of noncompliance with anti-money-laundering rules, according to a copy reviewed by The Wall Street Journal.

By Alistair MacDonald, Paul Vieira and Vipal Monga
Aug. 8, 2018 8:00 a.m. ET
After a Vancouver-based real-estate agent wired almost $240,000 from Canada’s Bank of Montreal to an account in Boston last year, U.S. authorities swooped in.

They arrested Omid Mashinchi and in January charged him with laundering drug money. Mr. Mashinchi pleaded guilty to the charges in late July in federal court in Massachusetts.

The case is one of several recently in which the U.S. has moved on suspicious transactions involving Canadian financial firms or citizens, and comes as Canada’s record of clamping down on money laundering is under fire at home and abroad.

Sino- based promises are good as gold…..there is no controversy here.

PS: Dont count your pumpkins until they ripen past then yellow phase.

This recreational property mantra is old as dinosaur shite……..Ive noticed this with every boom cycle.

THE TRUTH is people buy that cabin…enjoy it for a few months..then winter hits hard.
Ultimately…as they get older..they realize they are uncomfortably far from required services, and SELL.

RE cartel selects a specific category or region to pump when things are generally quiet. they do it because it works

It’s not contradictory. Many don’t want to move but some will have no choice. And where there is demand from them (not all are opposed to moving) it won’t be in areas with higher prices.

What’s so difficult to understand?

I’m predicting a conservative win. NDP is low in the polls nationally and have done pathetically poor in the last few by-elections. Singh as a party leader will get a bit of a boost but will split with Lib supporters allowing the Cons to come up the middle.

If Singh loses he’s done.

Fun Fact: His full legal name is “Jagmeet Singh Jimmy Dhaliwal”