Apparently court case coming regarding the spec tax because it discriminates other Canadians in other provinces.

Don’t know why the NDP didn’t leave the rate at 2% for everyone.

more on the T&T Lansdowne Grand Opening…I don’t get it, this is grocery store and there a couple of other locations just minutes away..WTF?

https://mp.weixin.qq.com/s/H4HZEfjOma4VojyGgR-EFg

I’m sure everyone here is getting fatigue trying to ‘save’ Canada. 50% of the population are below average intelligence and can easily be manipulated by the 1%.

Maybe we should all let it go and exploit as many loopholes as we can. Those that are doing it are getting ahead. Getting way ahead.

Trudeau almost doubling the Grandparents immigration targets. Kiss your pensions and healthcare goodbye.

https://www.cicnews.com/2018/08/canada-will-now-accept-17000-applications-under-parents-and-grandparents-program-in-2018-0810997.html#gs.2nTqePU

We only get part of the picture when comparing traditional sales.

Where are Assessments? These are the Prices the flippers and hoarders care about.

Better Dwelling should have its name changed to Better Assessments.

Moncton’s Castle Manor, a 110-year-old gothic castle is now home to condos for rent and some units set up for Airbnb.
Building manager Jay Tse’s father and uncle, who are developers from Moncton and Vancouver, respectively, initially wanted to sell the condos for a price ranging from $317,000 to $1.3 million, but they’ve decided to rent out the condos
http://huddle.today/inside-the-moncton-castle-that-now-has-condos-for-rent-and-airbnb/

City of Vancouver investigating 13 bedroom rental house
https://globalnews.ca/video/4395220/city-of-vancouver-investigating-13-bedroom-rental-house/

SIDA needs to be outed to the USA intelligence agencies. No doubt a China First infiltrator trying to harm the west. They’ll keep a tab on him.

Some info from last week that NDP fanboys here obviously miss: 1). New ICBC rate structure announced. Ridesharing companies like UBER will have their insurance based on driver. While taxi drivers will be based on fleet insurance. Difference is UBER drivers will have to pay a huge premium for insurance ($2000+) plus their rates will go much higher and follow their personal lives if they get into 1 accident. Result: No Ridesharing here until a change of government. https://www.news1130.com/2018/08/10/taxis-exempt-driver-based-model-association/ 2) ICBC also announced much bigger discounts for foreign drivers licence holders. They are the biggest winners. Whereas before they needed an official letter from the insurance company, going forward will only need licence and date if issue. Watch out for the Grandmas in Richmond from the villages with 15 years experience. Result: Basically all immigrants get a 15 year insurance… Read more »

Done like dinner….

Metro Vancouver is effectively hollowed out….for a number of reasons. ( oversupply, boarded up homes, businesses either closing or fleeing….even if the RE market was still hot)

The added bonus round is when SHTF ie more and more parties are underwater..aka the perfect storm.

Geothermal condos are now a growing trend in Richmond. However, residents who are currently living in a geothermal condo in Richmond say the cost they are paying for their geothermal energy is not as cheap as what some developers have marketed it as. https://www.richmond-news.com/business/richmond-residents-geothermal-condos-come-with-costs-1.23403152 “Someone in my building did a calculation and said that if we add up all the fees over the years and costs of replacing a pump, the cost of living in a geothermal condo is almost even to a regular one,” “But if you look over the long term, geothermal will become cheaper when more people start using it, but the cost of electricity is only going to go up. And after all, it’s green energy and better for the environment.” >>> my rebuttal to the second quote is that owners will likely have moved on… Read more »

Buyers flee Hong Kong property as credit crunch bites

https://www.telegraph.co.uk/business/2018/08/17/buyers-flee-hong-kong-property-credit-crunch-bites/

The Amazon era is making Vancouver the world’s hottest industrial real estate market
https://business.financialpost.com/real-estate/property-post/the-amazon-era-is-making-vancouver-the-worlds-hottest-industrial-real-estate-market

>>> aside from this being an obvious puff piece sponsored by the RE cartel, one has to wonder why, in addition to exemptions for farmland, is there no FBT (or vacancy tax for that matter) on commercial properties? we all know many of these “warehouses” in areas like Richmond were gobbled up, then rezoned to residential/retail without even a brief thought as to develop for the purposes which the land was originally set aside for. i guess i already know why Suncom is still running ads on buses and elsewhere…

Tim Hortons’ China menu to offer congee, matcha along with the double double
https://business.financialpost.com/news/retail-marketing/tim-hortons-says-its-china-expansion-will-include-menu-with-congee-matcha

>>> this has got trainwreck written all over it. yet another company who is late to the game trying to capture the attention of affluent chinese who the co already admits doesnt eat this crap in the first place. i can guarantee you that their fly-by-night attempt at a “chinese style” menu featuring congee and likely other asian bakery items ain’t gonna work. just ask McD’s how their little experiment with that spicy szechuan burger went…

https://business.financialpost.com/news/economy/newsalert-consumer-price-index-up-3-per-cent-in-july-from-year-earlier-2?utm_campaign=magnet&utm_source=article_page&utm_medium=related_articles
The Canadian dollar jumped on the report, gaining 0.7 per cent to $1.3070 per U.S. dollar at 8:52 a.m. in Toronto trading. Yields on Canadian government two-year bonds rose to 2.12 per cent, from 2.08 per cent Thursday.

The faster-than-expected gains will test Bank of Canada Governor Stephen Poloz’s resolve to raise interest rates gradually over the next year to avoid a disruption to the economy. The result put inflation at the upper end of the Bank of Canada’s target range of one to three per cent.

I urge everyone to write here to the agricultural minister Popham to enact house size limits on agricultural lands immediately. Say 4000sq feet max.

Lets see how hard the speculators are hit when no one buys the 5 acre parcel to build a monster home.

https://mobile.reuters.com/article/amp/idUSKBN1L12MC

War is coming folks. Let’s remain vigilant against Chinese sabotage here. Pentagon is preparing.