Saturday share

It’s a summer Saturday and that calls for a new thread!

So what are you seeing out there in the high streets and back alleys of this paradise on earth?

Post your news links, thoughts and anecdotes in the comments below and have a fantastic weekend!

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Oracle
Guest
Oracle

Prelude Information to the ProRep Referendum. By Oracle.

Last Election Results:

Liberals 796,000
NDP 795,000
Green 332,000

Referendum passes if all Greens vote Yes (assumed) and 80% of NDP supporter vote YES.

Fails if 21% of NDP supporters vote NO.

Thoughts?

Oracle
Guest
Oracle

IMO, I just don’t think the NDP votebosngoing to come out because their party won’t do anything to make it happen.

Meanwhile the Liberals and Greens will do everything they can.

Me thinks there is Backroom deal somewhere between the Libs and NDP. NDP has promised to be neutral knowing the referendum will fail if they don’t motivate their base.

Then it all makes sense: Site C, LNG, No Ridesharing, No REAL housing actions, etc.

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

Re PR..

..OK……so who decides which MLA on gets..????

.ie if we have PR,,and one lives in say Maple Ridge..is the MLA from the area ?…of a party aparatchik.?

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

Oracle..Assuming your info is correct..this is the silent stealth mode to communism.

It is an indictment to Canadian law that this is even possible aka versus the USA and its Constitution etc.
…Then again…could this be UNdone ?

The NDP has made this complicated…which means kneejerk support by their usual duuhhh supporters.
This is the party that has stated it can/will overrule Local Gov’ts on the ALR house size issue…as most don’t understand the ALR’ creation in 1973 was an early warning that Local Gov’ts will be overruled.

NDP/Green will be the death knell for BC.

patriotz
Member

“It is an indictment to Canadian law that this is even possible aka versus the USA and its Constitution etc.”

FYI the US Constitution does not in any way preclude proportional representation at the state or federal level. As well, it does not mandate a referendum for anything, and in fact the US has never had a referendum at the federal level. Some state constitutions do.

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

Preclude VERSUS the jam to try PR are two different things…

Admittedly…USA has had a number of laws etc ……………….once the original discretion of the States…was simply ignored ( ie such as creation of Federal Education department ).

The precedent was set via the Civil War which denied Southern states their right to secede the “union”..

patriotz
Member

Gordon Head, desirable area near UVic. 9% fall in sale price over 9 1/2 months, both sale prices recorded by BC Assessment. Courtesy HHV.

4001 HOLLYDENE PL VICTORIA V8N 3Z8,
Total value Assessed as of July 1st, 2017 $1,190,000
Sale 23-Oct-2017 $1,198,000
Sale 07-Aug-2018 $1,098,000

Oracle
Guest
Oracle

What was assessed in 2015?

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

Isn’t that Weaver’s riding ????

Global Warming is eating into peoples equity?!?

…..bwhahahaahaha

Oracle
Guest
Oracle

Please follow Maxime Bernier on Twitter.

He is the best hope we have to discuss immigration and how it is affecting out housing market and putting our young in a lifetime of debt.

All other issues are secondary to me.

It’s now or never that we chart a new path politically.

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

Canadian Libtards will take Bernier out…

People just don’t get it….Pierre Turdeau used Quebec as a wedge…to create the 2 solitudes+ divide in Canada,,,which simply greased the skids for immigration from Non Cauasian countries.

That major earthquake long overdue is graves of Allied forces turning over.

GOOGLE: Coudenove-Kalergi plan(almost 100 years old )

southseacompany
Member
southseacompany

“Some realtors believe major price correction underway in Metro housing market”, Vancouver Sun

https://vancouversun.com/business/local-business/some-realtors-believe-major-price-correction-underway-in-metro-housing-market

“A number of Vancouver realtors believe a significant decline is happening in Metro Vancouver house prices, through official statistics are so far providing more muted signals.”

kabloona
Member
kabloona

E-x-c-ellent!!!

🙂

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

Dropping prices ?

The sad reality is majority of people will NOT dive in….
…… …..we enter a period of price and sale stagnation lasting several years.

Oracle
Guest
Oracle

So now believe the Realtors when all along they were lying?

FYI,They are trying to get the NDP to backtrack on housing policy by creating the doomer scenarios.

Better Dwelling exists for that reason also. Doomer stories. Never something advocating for more action.

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

Realtors?
WTF?

I am talking from experience….ffs.

Oracle
Guest
Oracle

That’s reply wasn’t for you

Best place on meth
Member
Best place on meth
“Realtor Ian Watt uses the independent figures from SnapStarts Publishing Company, which reports median prices. For July, it shows that prices for detached homes on Vancouver’s west side have fallen 26 per cent in a year, dropping by just under $1 million, from $3.8 million to $2.8 million. In West Vancouver, detached home prices have fallen over 30 per cent or $1.1 million, from $3.6 million in December 2017 to $2.5 million in July. By comparison, the real estate board’s index shows a year-over-year decrease in July of 8.4 per cent for the west side and 8.3 per cent for West Vancouver.” Absolutely correct, and you can find the same median prices in the REBGV monthly stats. Both areas are down over a million from a year ago. Median and average prices are also simple and transparent, while the board’s… Read more »
Best place on meth
Member
Best place on meth
“Realtor Stuart Bonner watches detached homes on Vancouver’s west side and says the drop in sales and prices that he is seeing feel like a “canary in the coal mine” — a warning of what is to come in other parts of the Metro market because the west side is where the “chain reaction” starts. If sales and prices drop in this segment, sellers have less wealth to use for buying in other segments — including other areas and other kinds of homes such as condos and townhomes — spreading out the downward pressure on sales and prices of these. “If you don’t have someone selling a home for $10 million, with $3 million or $4 million to buy another home and then another $1 million or $2 million to give each of their children (or make an investment property… Read more »
realist
Member
realist

Of course you are right. The MBA crowd cannot comprehend, much less model, a “top down” real estate market wherein new money pours in to the top end of the market, then trickles down to East Van, White Rock, Squamish, Kelowna, etc. Despite the fact that that is exactly what has been taking place in Vancouver and BC for 3+ decades. The course textbooks do not mention this phenomenon in RE markets. Moreover, there are strong disincentives of a political (and politically correct) nature that discourage acknowledgement of same.

Oracle
Guest
Oracle

One other affect this will have is it will give ‘investors’ and home builders in the valley a thinking moment.

The seed of ‘ I can lose money in the valley’ is about to be implanted.

Oracle
Guest
Oracle

100% correct.

And SIDA is a colonist. Not a new Canadian.

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

Hush now, racist prick.

Best place on meth
Member
Best place on meth

China’s Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad

https://www.coindesk.com/china-bitcoin-crypto-millionaire-real-estate/

“Guo Hongcai, a beef salesman turned early bitcoin adopter from China’s Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out of the country by purchasing real estate abroad.

In April, Hongcai sold 500 bitcoin in the U.S. then used that money to buy a 100,000-square-foot mansion in Los Gatos, a 90-minute drive from San Francisco, California. His Rolls-Royce, also purchased with the fruits of bitcoin arbitrage, sits in the driveway close to a small chives garden.”

Oracle
Guest

You see. I’m right. Prices have to drop at least 30% for a crash, but it will never happen. I’m always right. Just dropped only 25% for now. Look at my past posts and there’s the proof. Prices can only go up from there as Surrey is special.
https://vancouversun.com/business/local-business/some-realtors-believe-major-price-correction-underway-in-metro-housing-market

“There has been a drop of 25 per cent in average home price and 22 per cent drop in median home price since the highs of 2017, according to Bonner.”

“For July, it shows that prices for detached homes on Vancouver’s west side have fallen 26 per cent in a year, dropping by just under $1 million, from $3.8 million to $2.8 million. “

Oracle
Guest
Oracle

Get lost you troll.

People, imposter posting as me.

Best place on meth
Member
Best place on meth

Imposter is more believable,

CRA221
Guest
CRA221

I wonder if the “small chives garden” would be enough to get him an ALR exemption from property tax if he were in BC.

Best place on meth
Member
Best place on meth

In China’s debt-laden Xiamen, real estate boom chokes consumption

https://www.reuters.com/article/us-china-economy-consumption/in-chinas-debt-laden-xiamen-real-estate-boom-chokes-consumption-idUSKBN1KF0R6

Yang Xiaodao, a 26-year-old civil servant in the Chinese city of Xiamen, says taking out a 30-year-mortgage on a two-bedroom apartment with her husband was the most regrettable decision of her life.

Although their parents covered the 1.5 million yuan (£172,285) down payment on the 2.9 million yuan flat, mortgage payments eat up more than 70 percent of the couple’s combined income of about 10,000 yuan a month – average for the city.
“Our spending power has plummeted,” Yang said. “We do not dare to have a kid. We do not dare to buy a car. We do not dare to travel.”

Best place on meth
Member
Best place on meth

Australian property industry turns to India to supplement falling Chinese investment

https://www.domain.com.au/news/australian-property-industry-turns-to-india-to-supplement-falling-chinese-investment-20180817-h144l7-758736/

“The amount of Chinese cash which once poured into Australian property has about halved, leaving developers and agents scrambling to recapture the record volumes of investment.
“We’d been getting a bit drunk off this flood of money coming from China,” he said. “Once the tap turns off people get a bit anxious and they say ‘where can we go next?’.”

Is it really true? Are the chinese really retreating and going back home?

Is this just a wonderful dream?

Best place on meth
Member
Best place on meth

Seattle housing market is under pressure as Chinese buying ‘dries up’

https://www.cnbc.com/2018/08/02/seattle-housing-market-is-under-pressure-as-chinese-buying-dries-up.html

“In just the last two years, that demand increased dramatically. In 2016, nearby Canadian city Vancouver slapped a 25 percent tax on international homebuyers in an effort to cool its own overheated housing market. Chinese investors, who had been strong in that market, simply moved south of the border to escape the tax.
But the Chinese yuan’s recent fall in value against the U.S. dollar has made housing more expensive for Chinese buyers. Now, Woloshin said, Seattle could see the opposite of the buying frenzy it had two years ago.”

bullwhip29
Guest
bullwhip29

Peter German denies conflict in B.C. casino probe despite sitting on the board of Richmond’s Olympic Oval with the Great Canadian Gaming executive who is responsible for River Rock Casino’s troubled VIP gaming program
https://globalnews.ca/news/4391856/exclusive-peter-german-denies-conflict-in-b-c-casino-probe-despite-sitting-on-board-with-casino-executive/

Oracle
Guest
Oracle

Bet everyone got paid off to produce an agreeable ‘report’.

YVR
Guest
YVR

“I’m stunned. The whole report is compromised,” Avramovic said in an interview with Global News, when he was informed of German’s decision not to interview Soo. “With this, how can we trust that Peter German didn’t leave Walter Soo, and a whole bunch of other names, out of that report? Because he didn’t do a very important interview with one of the key players, who still exists in the business.” Sandy Garossino, a former Crown prosecutor and long-time critic of crime in B.C. casinos, said she can’t believe German did not interview Soo.

LOL. What a bunch of flunkies. Where is Eby? They guy is either corrupt or really dumb.

Eby was not available to answer questions for this story, his office said.

bullwhip29
Guest
bullwhip29

The upside and downside of B.C. NDP government housing policies
https://www.straight.com/news/1118586/upside-and-downside-bc-ndp-government-housing-policies

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

“Anyone who seriously believes that money launderers in casinos are causing the housing-affordability crisis is delusional. And anyone who promotes this idea at the expense of other factors is exploiting the gullibility of the public.”

Nice find.

xhistory
Guest
xhistory

We live in a time and place where Subject overrules the Object.

Oracle
Guest
Oracle

The minions here.

Dave
Member

The article points out some very real criticisms of the NDP.

Condo prices are up 15% since the NDP took power. When you add in higher borrowing costs and more stringent lending criteria, they hardly created more affordable housing. The situation actually got worse for the first time home buyer.

Prices are only down for high end houses, which isn’t really helping anybody.

And they shot a major hole in the Provincial budget.

While I applaud the NDP for taking action, the result has more or less been a disaster.

patriotz
Member

“The situation actually got worse for the first time home buyer.”

That’s talking as though prices were set independently of the first time buyer, when in fact prices depend on the first time buyer. If they get shut out, prices have to come down. What has happened is that the high end showed the impact of the tax/lending/interest rate changes first. It doesn’t mean those changes are not going to affect the rest of the market.

Dave
Member
My criticism was in hindsight. The numbers are already in. Prices went up. The situation is presently worse for first time home buyers compared to 1 year ago when the NDP took power. It’s a good article because these are all FACTS. We don’t know how it plays out going forward, but in the past year prices are up. If condos drop 15% from here, we’re still in a worse place than we started because the cost of money will have gone up. Prices need to fall more than 20% for the NDP to claim they have done anything to improve affordability. Short of a recession, I don’t see that happening. I’m not sure voters will be happy with this outcome. While they took some action, it hasn’t improved the housing crisis. It got worse. The NDP would be smart… Read more »
oopswediditagain
Guest
oopswediditagain
Oracle
Guest
Oracle

Why don’t you print it out and imprint it on your tShirt. Say you believe msm and Realtors now. Someone will put the L sticker on your forehead.

Oracle
Guest
Oracle

Minions won’t see the facts. All heil Horgan.

Prices in valley went way up since Election.

Joe Money
Guest
Joe Money

Cots of money going down caused this asset bubble.

Cost of money going up will deflate it.

YVR
Guest
YVR

“In three years, the NDP will be judged on OUTCOME, which won’t go over well, short of a housing crash. (which also won’t go over well BTW).”

The NDP are now screwed either way. By letting prices rise 15% in the first year (even with rising rates and B20) the problem is now too big to correct to get to a level they can claim is more affordable. That without causing a massive depression which will make their election chances zero.

Oracle
Guest
Oracle

I agree.

I knew the weren’t going to do anything when MLa families didn’t sell their RE holdings. Also, many riding association presidents and members added to their holdings. Now why would they do that?

YVR
Guest
YVR

“the result has more or less been a disaster.”

Yup housing for regular people has gone up 15% while HAM now gets a 10% discount to cover the foreign buyers tax. Good job NDP!

Oracle
Guest
Oracle

NDP Minions will attack you in waves. Dont state objective facts! Ok?

YVR
Guest
YVR

Right now, it’s clear that the status quo isn’t going to cut it. Not politically and not economically. Surely, Horgan’s intelligent enough to realize that by now. Anyone who seriously believes that money launderers in casinos are causing the housing-affordability crisis is delusional. And anyone who promotes this idea at the expense of other factors is exploiting the gullibility of the public. This type of nonsense could ultimately cost Horgan his premiership. It’s time for a fresh start.

This guy is over estimating Horgan.

bullwhip29
Guest
bullwhip29

An actual $3.9M junk heap is on the market in Vancouver
https://www.vancouverisawesome.com/2018/08/20/demolished-house-debris-vancouver/

Oracle
Guest
So I’ve done some special investigation today and went to all the open houses in Surrey & in the Fraser Valley. I had my team of realtors checking all the open houses in Vancouver, Richmond, & Burnaby. I can confirm with you that everyone is asking higher housing prices. Prices can only go up. You will not find a single house or condo going for under 1 million. We are in special times. Best place on earth. By the way, I have to go renew the lease on my Audi Mercedes. I’m building 3 extra garages with the 4 I have already. Actually they are laneway houses to park my cars. Will be back tonight with more up to date info. I have special report on the NDP coming up. Good news, prices only can go up. https://www.myrealtycheck.ca/
Oracle
Guest
Oracle

Another loser posting as me.

Must be deeply disturbed at h accuracy and predictions of my posts.

oopswediditagain
Guest
oopswediditagain
Oracle
Guest
Oracle

Dude, now you are quoting Realtors? When all along they were liars?

lets not get carried away.

Oracle
Guest
Oracle

NDP gets Peter German to do a report on money laundering in casinos. And those casino executives sat on the same boards as German.

Hahahahahaha. You can’t make this up. And you guys still don’t believe what the NDP are up to. They just want a piece of the pie.

And also to those quoting the Realtors that a crashbis underway. Please get me a sub $1 million property in Vancouver for 25% less than assessment.

No hope for the naive.

paulb
Member

New
230
Price Change
88
Sold
70
TI:12756

http://www.clivestevepaul.com

Best place on meth
Member
Best place on meth

Flat inventory for 2 more weeks, then summer holidays are over.

Local news should be reporting new monthly stats Sept 4th showing steeper price drops than the month before.

Will that motivate a surge in listings?

RealEstatePro
Guest
RealEstatePro

So far, an almost exact repeat of 2008. The only thing that saved it was 3(!!!) percent interest rate cut back then and later government incentives. The market has already crashed, no doubt about it. Everything is frozen. Moreover, this time, the rates will be going in different direction. Word on the street is to expect at least 40 percent price reduction instead of 20 over the next 1.5 years. That means 2015 prices by the end of next year.

YVR
Guest
YVR

“So far, an almost exact repeat of 2008”

Except inventory was 50% higher in 2008. That and the financial crisis. Not quite a repeat.

RealEstatePro
Guest
RealEstatePro

Future inventory levels can be calculated based on seasonal velocity. For August, flat inventory is abnormal (should be decreasing), and indication of much higher levels to come. At this pace, we will be at 2008 inventory levels early next year. The fact that market is dead in the middle of healthy and growing economy is also bearish, that support levels from buyers will be lower than anticipated. If economic crash happens, then 40 percent can easily become 60+ percent. This is it, folks, grab a popcorn. Decades of data modeling doesn’t lie, all in all, looks like a major trend reversal.

Oracle
Guest
Oracle

This is not a site that influences th masses. You can say what you like here.

And I’m. It grabbing the popcorn until I see much lower prices.

Doomcouver
Guest
Doomcouver

The seller frustration is starting to become palpable. Next stop, abject desperation.

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

Agreed. I am hearing a very different tune from my bullish friends. I wouldn’t say it’s even fear yet but the idea that the market can’t go down more than 5% is gone.

Refeshing.

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

Chart reading is not data modeling.

yvr2zrh
Member

It’s more like 2012 so far. We are running a similar sales pattern on sales however inventory moves are more like 2008. The difference is that in 2008, we went into the global financial crisis which killed liquidity, forced asset liquidations and pushed down prices very fast. Here, we will just continue to see continued price decreases. As for MOI – we will push towards 6.0 now for August. That is not as high as 2008/2012 but the deterioration YTD is the worst since 2008.

August sales overall are trending normal seasonal patters but trending from an already very bad position.

Overall – this market has it tough and will do so for a while.

Laibach
Member
Laibach

It sounds like a “soft landing” whatever that means. So “they” did it…

Dave
Member

Prices are still up year over year. If condos fall 15%, we’ll be back to where we started when the NDP came in power.

We never landed and we may never do so.

bullwhip29
Guest
bullwhip29
not saying that a crash won’t happen but the ridiculously low volumes we are currently witnessing do not indicate a crash HAS happened or is in the process of happening…for now. even in 2008 there were only a handful of owners who panicked and bailed out. before declaring that a meltdown is imminent I would take a step back for at least 6-12 months and see where things sit at that point. there are too many things that could sway things in either direction to make an accurate call. i would imagine if there is a severe slowdown in the construction industry, carole james and co will start getting death threats from the big guns running these businesses. there has also been no definitive ruling on the Jing Li lawsuit, which should make some in the pro-FBT camp a bit… Read more »
Dave
Member

The construction industry isn’t going to slow down for a number of years. Developers are backlogged with projects and they’re committed to moving through with them. A downturn will affect developers mostly from a sales price point of view. Some projects might be slow to start (failing to hit pre-sale targets) and some projects will be shelved, but for the most-part, construction will continue at high levels.

bullwhip29
Guest
bullwhip29
the developers and their financial backers will do everything in their power to keep the masses calm and will deploy various stall techniques until projects get shelved outright. as we saw in 2008-09 that could happen in the blink of an eye. if the market should hit the wall abruptly again i would expect the same cast of characters to promptly ring-fence their operations, hold on to depositors cash and pull poorly selling future projects off the market (so as to not make visible dismal sales, lower prices etc). despite what these guys say in terms of backlog and all that, I remain skeptical. until ground has actually broken and significant construction is underway, all that chatter is hot air since we all know noght if greenlit until most/all units are sold. as everyone here also knows, they can use… Read more »
bullwhip29
Guest
bullwhip29

another way of looking at the whole condo pre-sale market is that it is one gigantic ponzi scheme which could all come tumbling down should it take a direct hit where it is most vulnerable

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

It better do, given that you seem to think that peak inventory will be in October.

Best place on meth
Member
Best place on meth

Do shut up already, vermin.

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

Backing away from your prediction already? Such class.

Best place on meth
Member
Best place on meth

Oh my, you certainly are horrible at reading and comprehension, and you’re a lying scumbag.

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

“With sales at severely depressed levels the peak might not come until October.”

Best place on meth
Member
Best place on meth

Strawman. Yawn.

I didn’t back away from my prediction, you made that up.

Lying scumbag.

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

Great, you’re sticking with your prediction then? Thanks for clarifying.

southseacompany
Member
southseacompany

“‘I’m not thrilled’: Trump blasts Fed for raising interest rates, not doing enough to help him boost economy”, Financial Post

https://business.financialpost.com/news/economy/im-not-thrilled-trump-blasts-fed-for-raising-interest-rates-not-doing-enough-to-help-him-boost-economy

“I’m not thrilled with his raising of interest rates, no. I’m not thrilled,” Trump said, referring to Powell. Trump nominated Powell last year to replace former Fed Chair Janet Yellen.”

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

Anything to keep the Manafort trial out of the headlines, eh?

kabloona
Member
kabloona

Latest news I saw found Manafort guilty on 8 counts, with a mis-trial on 10 counts.

He’s also facing a trial in D.C. next month….

Good times!!

😀

Best place on meth
Member
Best place on meth

Great, the massive “Russian Collusion” investigations still hasn’t found the tiniest shred of Russian collusion, but they’ve dug up some personal financial shenanigans that are completely unrelated to what they were supposed to be looking for.

Why is this even news?

Oh right, he was briefly employed by Trump. If he hadn’t been, nobody would care about this.

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

You missed the other news today, I guess? Oh right, that guy was briefly employed by Trump for 12 years briefly.

Best place on meth
Member
Best place on meth

And yet the hysterical, non-stop shrieking about Russian collusion by the MSM still has nothing.

Great little sideshows though.

I’m sure if I were to watch garbage CNN they are devoting every second to this while giving zero airtime to the girl found found murdered in Iowa by an illegal alien Mexican.

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

There are over 15,000 murders per year in the USA.

Feel free to focus on one of them.

Best place on meth
Member
Best place on meth

A great excuse for allowing murderers to sneak across the border.

People like you are a danger to society.

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

Strawman. Yawn.

Nobody is advocating to allow murderers into the country.

Best place on meth
Member
Best place on meth

You just did by saying don’t worry about it.

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

And you call me the liar?

Again you remind us all why you’re so unemployable.

Best place on meth
Member
Best place on meth

Another lie from the scumbag.

You’re compulsive.

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

Repeatedly trying to discredit anybody who opposes you is a technique I’m sure you’ve learned recently, perhaps from a hero of yours?

The fact remains that you can see my exact words right here. I never even implied let alone said “don’t worry about it”.

Racists are never the smartest, are they?

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29

The NDP government will provide its first official update of its finances within a few weeks, and there are some indications that not all things are as rosy as they appeared in the budget when it was tabled in February…
https://www.burnabynow.com/opinion/columnists/column-budget-prospects-not-looking-rosy-for-b-c-ndp-1.23406716

Dave
Member

The update was supposed to be out a few weeks ago. The delay suggests some kind of problem with the budget, likely not a good problem… at least for the NDP. They’re probably trying to pressure the AG to make things look balanced.

bullwhip29
Guest
bullwhip29

will probably look to the go-to excuse and that is the weather…or more specifically, the wildfires which will be blamed for a myriad of disappointing economic figures. not that this isn’t a significant disaster, because it is, but i also expect all involved to completely blow all this out of proportion. with this they are essentially getting a massive get out of jail free card and I fully expect they will make the most of it

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

The NDP will do as they always do:

RAISE OUR TAXES!

xhistory
Guest
xhistory

Waiting for better star and planet alignments. Mars moves direct next Monday…that’s an important one.

kabloona
Member
kabloona

“Dramatic drop in home sales makes B.C. an outlier among provinces”

https://www.thestar.com/vancouver/2018/08/20/dramatic-drop-in-home-sales-makes-bc-an-outlier-among-provinces.html

“VANCOUVER—B.C.’s real-estate market has gone from being one of the strongest in the country to the weakest as the number of sales drops sharply in comparison to other provinces.

The B.C. Real Estate Association (BCREA) is forecasting a 21 per cent drop in sales in 2018. Meanwhile, the number of sales in July was 24 per cent lower than the previous July, according to Douglas Porter, chief economist and managing director of BMO Financial Group….

“…..Compared to the rest of the country we are noticing that it’s especially weak, which is quite a turnaround from what we’ve seen over much of the past 10 to 15 years,” Porter said. “It’s quite unusual for Vancouver to stick out.”

Laibach
Member
Laibach

“…..Compared to the rest of the country we are noticing that it’s especially weak, which is quite a turnaround from what we’ve seen over much of the past 10 to 15 years,” Porter said. “It’s quite unusual for Vancouver to stick out.”

Certainly, except when the run of money from China slows down.

kabloona
Member
kabloona

Looks like the Chinese Government initiated pullback of Chinese credit is impacting both Australian and Canadian R/E markets….

It’s not just the FBT in B.C. and Ontario that’s having an effect in Canada…

Ralph
Guest
Ralph

FBT should have been implemented 5 years ago to have any effect.

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

Prices increased after the tax was introduced.

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

Chinese $$$ no impact on RE ?

Chinese money catalyzed/primed price increases…which they did in 2015 for the last big RE price leap.

Now….Chinese appear to have bailed…for a number of reasons. Much of Chinese investment model is based on flipping.

The RE bubble may not have burst…but its deflating…..IMHO to a point it is the same difference.

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

Who is responsible for the 137 sales today then? What about yesterday’s sales? Tomorrow’s?

Oracle
Guest
Oracle

HAM being brought in by recent Chinese immigrants.

Some buying 5 homes.

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

Lol, good one.

bullwhip29
Guest
bullwhip29

Richmond travel agency Sinorama has had its license permanently cancelled after concerns it scrapped clients’ travel arrangements and failed to produce its financial records
https://www.richmond-news.com/news/sinorama-s-travel-agent-license-cancelled-1.23407558

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

Sinorama… heh heh

Just me
Guest
Just me

Trudeau and his arrogance, via CBC.

http://www.cbc.ca/news/opinion/maxime-bernier-tweets-1.4792134

“It is the Liberal way. If you don’t agree with us, we’ll smile and explain our policies more slowly, and if after that you still disagree, well, you’re a climate change denier, or a racist, or an ideologue not worth the effort of engagement.”

patriotz
Member

Scheer pointed out in a statement issued this evening that Bernier “holds no official role in caucus and does not speak for the Conservative Party of Canada on any issue.”…

“Conservatives celebrate Canada’s diversity and a Conservative government will continue to welcome those from all over the world who choose to come here because of the society we have built.”

Oracle
Guest
Oracle

Well then Sheer will be kicked out you social justice warrior.

The dumbest of they dumb are people like you who destroy their own country. My kids will demand your kids address them in a foreign language. Otherwise they will be labelled racist.

Teach them well or else they will suffer the consequences. .

Best place on meth
Member
Best place on meth

“She loudly criticized Trudeau at the rally, as is her right, for what she considers his indulgent attitude toward the spike in undocumented people fleeing President Donald Trump’s America by simply walking across the border into Canada, overwhelming social service providers in Quebec and Ontario.

Rather than engage with her, though, Trudeau condescendingly dismissed her as a racist.”

We have a worthless race baiter as our leader. And yet, people in this country would rather complain about Trump.

Ralph
Guest
Ralph

Trump was right about Turdeau: he is weak and dishonest.

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

Trump thinks that being loud is the same as being strong.

Best place on meth
Member
Best place on meth

I wonder if that boycott of US goods by a handful of extremely annoyed canucks fizzled yet.

You know what a boycott is in Canada?

A piece of furniture in the Prime Minister’s bedroom.

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

Have you noticed the Liberals have tried to change the conversation by having the CBC refer to them as “irregular” instead of “illegal”

I want to puke.

Best place on meth
Member
Best place on meth

CNN is referring to the killer of the Iowa girl as an “undocumented immigrant”.

There is no such thing. An immigrant can only be in a country invited and legally.

The globalist agenda is so pathetically obvious now, it’s no wonder there are populist uprisings springing up everywhere to fight them.

Oracle
Guest
Oracle

And it’s time the people fought back.
Don’t let the fear of being labelled scare you. We are millions and millions.

And the people on the other side will be held accountable.

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

Remember that when its time to vote.

He is one of the worst PM’s we’ve ever had.

Best place on meth
Member
Best place on meth

No, not just one of the worst.

paulb
Member

New
201
Price Change
57
Sold
137
TI:12735

http://www.clivestevepaul.com

Screwed
Guest
Screwed

The pic was better yesterday

Best place on meth
Member
Best place on meth

Interesting sale today on the west side.

6485 CEDARHURST ST, listed back in January for 13.8, sold for 8.9.

5 million, or 35% below asking.

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

Or almost 70% over assessed value.

Best place on meth
Member
Best place on meth

Can anyone corroborate that?

I don’t trust this lying piece of shit.

Ralph
Guest
Ralph

Total value Assessed as of July 1st, 2017
$5,093,000

Best place on meth
Member
Best place on meth

Thanks.

Now if only we had Zillow instead of the cartel we could also see the sales history and find out if the last buyer lost money.

Frangipani
Guest
Frangipani

It was sold for $2.1 mil in 2013.

Best place on meth
Member
Best place on meth

A west side property on .37 acres?

Doesn’t seem right.

Teardowns on standard lots were going for more at the time.

Bag it and tag it
Member
Bag it and tag it

The last assessment was before the new house was built…and the new house wasn’t cheap.
https://www.bcbusiness.ca/Big-Fat-Deal-11-million-to-be-a-minimalist-in-Kerrisdale

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

Corroborate it yourself, you lazy fuckwit?

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