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Runaway market taking ‘a breather’

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214 Comments

As you may be aware it is always a good time to buy or sell real estate according to most real estate professionals who earn their living by buying and selling real estate.

Well right now it’s a great time to buy or sell real estate because the runaway market is taking a breather.

It’s a “soft landing,” according to Royal LePage CEO Phil Soper, who says their latest house price survey shows the effects of government measures to cool things down.

What were previously called the “dangerously overheated” conditions in Metro Vancouver housing have cooled significantly, but prices have remained resilient.

He says it’s the soft landing policy-makers had hoped for, rather than a crash.

“But it won’t stay this way for long. Household formation in Canada… is going to grow rapidly,” he predicts.

Read the full article here.

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Doomcouver

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

“By the time you wait for prices to hear the bottom and by the time we recognize the pattern to do so it will already be too late because the low prices will be behind us.”
– Angela Calla

Good grief she looks like a dumb bimbo and talks like one too. I hope her clients sue her into oblivion when the market completely tanks and low prices will be stuck here for a decade or longer. What a worthless airhead…

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Oracle

wouldn’t it be halarious if referendum passes and then NDP decimated after 2021 election?

Greens would take away their vote as would a new party of the people.

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Dave

This is basically an IQ test for NDPers.

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paulb

New
171
Price Change
111
Sold
94
TI:13714

http://www.clivestevepaul.com

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Stand up for Canada

https://www.cbc.ca/amp/1.4873892

Problem or not?

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CRA221

The way I see it is if a councillor has a problem with diversity they should resign and have their party nominate a diverse candidate to run in a by-election. Otherwise they should maybe start focusing on running the city instead of identity politics.

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Canada is for Canadians

This is the same issue that hobbles the Federal Liberals; they are so concerned with diversity and equality that they put people in positions based on their sex or race who are not qualified for those jobs just so they can say “look how fair and diverse we are”…

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patriotz

“The way I see it is if a councillor has a problem with diversity”

The article linked above doesn’t quote any councillors, just private citizens, so what are you talking about exactly?

FWIW my theory as to why no Chinese candidates were elected is that there were too many of them running. This split the Chinese vote. For example, it’s pretty much a certainty that Sim would have been elected mayor if Wai Young hadn’t run.

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Laibach

In other words, the Chinese need a national party in BC.

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patriotz

“the Chinese need a national party in BC”

According to our former PM, they already have one:

“The Conservatives should be their natural party, Harper told a banquet hall where people stood in the aisles ten deep, many holding their phones aloft to record his remarks. “A strong work ethic, a commitment to education, dedication to family and faith are keys to success,” Harper said. “These are the values of the Chinese Canadian community and they are also Conservative values.” The Conservatives have more candidates of Chinese origin than any other federal party, Harper said,…”

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YVR

We have a Chinese party in BC too. And they speak Manderin.

https://www.youtube.com/watch?v=gPTyR3l6ewc

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Laibach

WTF… didn’t know that Keglevich guy is into the same shit as Krusty, shame.

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Shut It Down Already (original)

The right way to fight for a cause you firmly believe in is to quit? Bravo, genius.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

Coming from a Sino-apologist tool like you?

Hilarious! You always quit when a thread goes against you.

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Hyper-mega-Bull

i think it’s an anomaly and nothing more.

the chinese are whitey’s kryptonite. mostly because whites don’t feel threatened by them.

chinese aren’t dark and are small so whitey doesn’t feel threatened when he sees them.

they don’t have any relegion to speak of. so whitey doesn’t get scared when he sees them bowing or praying. so no religious threat.

chinese response to getting caught doing something bad is more often playing dumb and acting passive. whitey eats this up.

white women aren’t interested in chinese men. so no sexual threat.

but chinese slowly but surely continue to take more control of the city and province.

learn mandarin.

also, IQ:

East Asians (China, Japan, Korea, Taiwan, Hong Kong, and Singapore) 105
Europeans (Northern and Western Europe)100; Eastern and Southeastern Europe is 95)

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Canada is for Canadians

Is this a problem?

https://www.citynews1130.com/2018/10/22/mec-apologizes-for-advertising/

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Best place on meth

“The mountain equipment co-op says it let its members down by using predominantly white people on catalogues and campaigns.”

It’s mostly white people who shop at MEC.

If the store in question was Gucci, Prada, Vitton, Chanel, Armani, then the ads should prominently feature some other racial group.

I have no idea which one though.

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Canada is for Canadians

And it’s mostly white people who work at MEC too.

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Nomad

Have you been to MEC lately? Are you sure its mostly white people shop there? Arc’teryx too. Vancouver is going to be second most Asian city in North America. Richmond is first with 70% of its residents being Asian.

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Laibach

“Huang said the reasons for this disparity deserve closer examination.
“Is it because of exposure? Is it because of name recognition? Is it because of previous work? Or is it because we do have undertones of racism?” he asked.
Catungal agrees that old-fashioned racism could have been a factor.
“Vancouver’s white demographics might not see racialized candidates as viable candidates,” Catungal said.

Why those race-baiters like those pricks Huang and Catungal get any attention, who gives a shit what some irrelevant “enthusiasts” think let alone being published on CBC news? It’s well known who already own the city, councilors and the mayor are just decoration.

Btw, that Hua foundation (???) is quite racially consistent.

http://www.huafoundation.org/our-staff/

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Best place on meth

Chinese are allowed to hire only chinese.

Nobody ever calls them on their racism or lack of diversity.

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Bag it and tag it

They can examen all they want, but with a secret ballot nobody is going to vote for someone just because they’re Chinese in hopes of balancing things out. China has a reputation for being a place where personal prosperity is the only thing people care about, and every day there is an article of Chinese in Canada involved in some kind of fraud, scheme, etc….so it’s not a huge leap for voters to have a predisposition for assuming a Chinese politician will put their own interests ahead of the voter’s. I’m not saying this is right since most Chinese that grew up here are honest and hard working, but sometimes it’s one of those things where it is what it is.

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Canada is for Canadians

Yes indeed, like that Hong Guo who ran for mayor of Richmond and who is a real shady character.

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YVR

“Or is it because we do have undertones of racism?”

Isn’t it racist to want someone on council based on their race? He wants a Chinese council which is racist. It was a freaking election. The result is based on what the voters vote for. How long before the left wants to have minority votes count as 2 votes or some skewed system that gives an advantage for minority candidates. They are already doing it for admission in university, government hiring and for people like Trudeau that is how he chooses his cabinet.

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Laibach

It is fucking one party mentality, everything orchestrated and staged to reflect harmony and unanimity. Mao’s genes…

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Best place on meth

Perhaps no chinese were elected because voters were disgusted by the thought of chinese voting for chinese based solely on the fact that they’re chinese.

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patriotz

“the thought of chinese voting for chinese based solely on the fact that they’re chinese.”

Sounds like the sort of thing Harper was promoting above. And to the guy who said “Isn’t it racist to want someone on council based on their race?”, do you think Harper’s remarks were racist?

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patriotz

Here’s a translation of Harper’s dog whistle:
“A strong work ethic” White people, and especially blacks are lazy and you shouldn’t have to pay taxes to help them.
“a commitment to education” You are smarter than non-Chinese.
“dedication to family” I know you don’t like gay people and I don’t either.
“and faith” I especially like religious nutcases.

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Stratahacker

Shut up patridiot.

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Dave

Identity politics + PR = More of this

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Hyper-mega-Bull

what happens to supply when rates are going up and prices are going down?

what happens to salaries when inflation is increasing?

rents going up.

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Shut It Down Already (original)

Inflation isn’t increasing if the BoC is doing its job. That’s the point of interest rate manipulation.

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Canada is for Canadians

https://www.citynews1130.com/2018/10/24/vancouver-real-estate-prices-analyst/

“Eitel warns if first-time buyers don’t get in within a six to 12-month window in 2021, “they might miss this market forever. Because when prices come back up — even if they kick out the stress test — they’re still priced out of the market.”

well this guy has it all figured out.
2021 is the time to buy…
mark your calendars.

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Oracle

Maybe ground level homes but not condos. You can build many more condos here.

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Doomcouver

He’s right that some people will be priced out of the market, but wrong for the reasons he gives. The reason they will be priced out of the market is not because homes won’t plummet in value. It’s because the next recession will strip out most of the real estate jobs in Vancouver and across Canada, and Joe Six-pack won’t have enough money to afford even a modest home.

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southseacompany

“Bank of Canada’s economic cheer will be painful for some: Don Pittis”, CBC

https://www.cbc.ca/news/business/interest-mortgage-rates-boc-1.4876099

“China-U.S. trade still a worry but strong economy could mean rates will rise faster”

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Doomcouver

If I had to concoct a scenario of how to generate Canada’s deepest recession ever, this is how you do it:
1. Crash interest rates to near-zero
2. Wait while the debt bubbles grow
3. Once the debt bubble starts to level off, jack up interest rates again

The first 2 things have already happened, all we need is the last one and The Great Canadian Recession as i’m sure it will be called is all but assured.

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Shut It Down Already (original)

Thinking that another GFC is right around the corner is merely another form of recency bias.

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Doomcouver

It would be, except if you study the debt dynamics of Canadian consumers to American consumers you don’t need recency bias to come to this conclusion. A recession is inevitable, and we’ve painted ourselves into a corner in terms of interest rates, and consumer debt. The BoC is out of tricks to stabilize the economy when the next recession hits, and based on our over-reliance on real estate for GDP, stagnating wages, and massively overpriced housing, the recession is likely to be a very large one. If Canadians had less debt, and our housing was more affordable, I wouldn’t feel the same way.

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southseacompany

“Vancouver Pre-Sale Real Estate Supply Is Ramping Up As Sales Drop”, Better Dwelling

https://betterdwelling.com/city/vancouver/vancouver-pre-sale-real-estate-supply-is-ramping-up-as-sales-drop/

“If you’re looking for a new condo in Greater Vancouver, a whole lot of supply is kicking around. Numbers from MLA Canada, a Vancouver-based real estate advisory firm, show a huge number of projects are expected to hit the market this month. The increase of new pre-sale units for sales comes at the same time as a slowdown in sales.”

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southseacompany

“Rate hikes to cost Canadian households $2,500 each year — but it isn’t uncharted territory: report”, Financial Post

https://business.financialpost.com/news/economy/rate-hikes-to-cost-canadian-households-2500-each-year-but-it-isnt-unchartered-territory-report

“Younger families have not had time to build up their capital and will find their consumption and savings rates pinched, according to Environs Analytics”

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patriotz

““Rate hikes to cost Canadian households $2,500 each year”

Another average that doesn’t mean all that much. It will cost many households a lot more than that, and some will actually see their incomes go up. Like me.

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Doomcouver

Yes Canada derives an artificially high amount of GDP from real estate activity so there is a lot of hidden impacts that we won’t see until the next recession kicks in. $2500 is just the cost of the interest. What they can’t factor in is the cost of less sales for realtors, less construction for construction workers, less loans for bankers, etc. etc. There’s a systemic ripple that’s just starting to happen with real estate in Canada. Where it leads is a self feeding downward spiral of lost wages, depreciating home and land values, and higher interest rates.

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Dave

The decline in real estate values is costing them a hell of a lot more.

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Best place on meth

The average greater Vancouver property lost $12,800 in value last month.

Can’t wait to see October’s losses.

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southseacompany

“Major banks raise prime rates after Bank of Canada interest rate decision”, CTV

https://www.ctvnews.ca/business/major-banks-raise-prime-rates-after-bank-of-canada-interest-rate-decision-1.4148097

“The Royal Bank of Canada, Bank of Montreal, CIBC, and Scotiabank say they are raising their prime rates by a quarter of a percentage point in the wake of the central bank decision.”

“The Canadian banks each raised their prime lending rates to 3.95 per cent from 3.70 per cent, effective Thursday.”

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Best place on meth

Why Is Canadian Crude Selling For $20?

https://oilprice.com/Energy/Energy-General/Why-Canadian-Crude-Selling-For-20.html

Oil prices in Canada plunged late last month, with the losses continuing throughout much of October. Canadian oil producers exposed to the low prices are now fetching around $40 to 50 per barrel less than their counterparts in the United States.

Western Canada Select (WCS), which tracks heavy oil from Canada, typically trades at a discount relative to WTI. The lower price reflects quality issues, as well as the cost of transport from Alberta to refineries in the U.S.

In early 2018, the discount started to grow significantly, the result of Canadian pipelines filled to the brim.

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YVR

“Why Is Canadian Crude Selling For $20?”

Because we have a drama teacher running the country. He is the one who killed every pipeline but the worst option. Then completely flubbed that one.

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Canada is for Canadians

We don’t have much in Canada and we need that pipeline. IDK why the greenies can’t see this. A pipe is a much better option than shipping oil by rail and the oil will be shipped one way or the other.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

Funny how the lefties and the green eco-terroists fail to grasp this simple fact.

Oil by rail has a much bigger carbon footprint and is far more dangerous than a pipeline but they don’t want to hear that.

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YVR

It is all about politics. Remember Trudeau ran against the trans mountain pipeline. Now a few years later he has bought it and is fighting tooth an nail to put it through. He will do what ever he figures gets the most votes. Or what ever his political masters tell him to do.

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YVR

Watching the news tonight and they showed the houses of Obama, Clinton and Soros. They all have huge 10 foot tall concrete walls around them. Aren’t walls supposed to be racist? If you can’t have a wall on the border of the murder capital and drug capital of the world why would you have one around your house? They must be trying to keep the white people out because those neighborhoods that Obama, Clinton and Soros live in are 95% white.

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Shut It Down Already (original)

I suppose you think today’s events are funny?

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Best place on meth

That’s not what he said, you lying douchebag.

Learn to read.

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Shut It Down Already (original)

Where did I claim he said that? I was giving my opinion, hence why I started the sentence with “I suppose”.

You really are hilariously stupid.

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Shut It Down Already (original)

I accept your apology. That’s very gracious of you.

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YVR

I think the hypocrisy of Obama, Clinton and Soros having massive walls around their houses and living in white only neighborhoods is hilarious. What part did you find funny? This is a real estate blog.

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Oracle

Don’t worry Yvr. Trump is taking care of China. That’s why SIDA upset lately.

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Shut It Down Already (original)

Keep fishing.

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Stratahacker

Absolutely f$ckin hilarious.

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Best place on meth

Obvious false flag by desperate swamp creatures, globalists, communists, democrats.

The timing is too convenient as they fear the blue wave is fading and they won’t take congress after all.

Naturally the whiny traitors on CNN are bleating about how these mail bombs are entirely Trumps fault.

Only an idiot would not see through this.

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StupidityCheck

Only a massive idiot would make that comment.

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StupidityCheck

BTW, The blue wave isn’t fading. Turn off the Fox News, dipshit.
https://projects.fivethirtyeight.com/2018-midterm-election-forecast/house/?ex_cid=midterms-header

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Best place on meth

I don’t watch Fox news, dipshit.

That would be as dumb as watching CNN.

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StupidityCheck

Breitbart? Or do you pull stupid out of your ass?

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Shut It Down Already (original)

He merely enjoys parroting unproven assertions by far-right nutters because he has no mind of his own.

In other words, the answer to your second question is a firm “yes”. He’s falling into that conspiracy theorist hole of sickness which has claimed so many. Sad!

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Best place on meth

Conspiracy theory?

Like Russiagate?

Right, asshole?

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Shut It Down Already (original)

Feel free to quote me on whatever it is you’re referring to, liar.

What a dumb prick you are.

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Best place on meth

Do you believe in the Trump-Russia collusion narrative that spawned Mueller’s 2 year long witchhunt?

Yes or no?

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Shut It Down Already (original)

No quote then? What a fucking surprise.

There have already been criminal proceedings against over 30 people as a result of the probe, and I believe Trump himself has finally accepted his own intelligence agencies’ assessment that there was Russian interference in the election. As for the involvement of Trunp himself or any of his family in regard to “collusion” I’m happy to await Mueller’s report rather than jump to bullshit conclusions based on partisanship. But of course it’s a fucking religion to knuckle-dragging twats like you. You’re either in or you’re out.

I bet you’d never ever used the word “witchhunt” before until you saw it on a Twitter. Bless.

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Best place on meth

“There have already been criminal proceedings against over 30 people as a result of the probe…blah…blah…blah…”

And still zero on Trump-Russian collusion.

ZERO.

Keep believing those conspiracy theories though, hypocrite.

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Shut It Down Already (original)

Did you miss the part where I said I was happy to await Mueller’s final report before jumping to conclusions, because I’m pretty fucking sure I said it. Oh I see, because you’re an infant you replaced it with “blah blah blah”. How clever you are for misrepresenting what people say! Congratulate yourself, dipshit.

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Best place on meth

You still avoid the question “do you believe in Trump-Russia collusion?”.

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Shut It Down Already (original)

Must you keep embarrassing yourself? I’m starting to feel even modern pity for you than usual.

I’ve answered the question twice already, but you were too busy sticking your fingers in your ears. It’s not about “belief”. Its not about picking a side. It’s about fact. And we don’t have the facts yet. How many more times do I need to say this? Perhaps you prefer polarized choices and don’t really grasp anything more subtle than that?

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Best place on meth

It’s a YES or NO question, you rambling twat!

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StupidityCheck

Of course, you dipshit. Trump is Mueller’s final target, idiot. You have no clue how these investigations work, do you? Whatever RWNJ websites you are visiting… STOP. They’re killing your brain cells.

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Shut It Down Already (original)

It’s not a yes or no question because you’re incapable of phrasing it as such. It’s not a matter of “belief”. We’re not talking about the fucking tooth fairy.

You’re just pissed that I didn’t give the answer you hoped for.

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YVR

Probably a Bernie Sanders supporter. They are still pissed about Hillary rigging the nomination.

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Shut It Down Already (original)

Remember the whole bit where he said that “second ammendemnet people” could do something? And how many at the time said it was a dangerous, irresponsible, and frankly stupid thing to say? Are they the whiny traitors you’re talking about?

But hey, keep lapping up those far right conspiracy theories.

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YVR

The left has made tens of thousands of violent threats including a presidential beheading by one of your heros on CNN. And Bernie Sanders supporters are the only ones who have been arrested and charged with multiple counts of attempted murder trying to assassinate congress.

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Shut It Down Already (original)

So do you think what he said was dangerous or that people in such a position should hold themselves to a much higher standard when they’re communicating?

I thought I’d asked a simple question, but your rambling response compels me to clarify.

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YVR

While demanding “civility” The New York Times published a fictional essay fantasizing about President Trump getting assassinated.

https://thefederalist.com/2018/10/25/demanding-civility-nyt-publishes-fan-fiction-depicting-trumps-assassination/

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Shut It Down Already (original)

Totally irresponsible.

But I fail to see why you think that means the president is free to incite violence himself.

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Best place on meth

“The left has made tens of thousands of violent threats including a presidential beheading by one of your heros on CNN.”

Not to mention a Broadway play about the assassination of Trump.

No, that’s not incitement at all, the leftists applaud this wonderful piece of art.

Seriously, what kind of sick fucks do this?

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Shut It Down Already (original)

What’s the name of the show? I’ve never heard of it.

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Best place on meth

It’s a remake of Julius Caesar, sponsored by Time Warner, the parent company of CNN.

But acting out Trump being brutally stabbed to death will surely not incite anyone to violence.

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Shut It Down Already (original)

It’s definitely in bad taste and not something I would support or want to see.

But I’d say that people who hold what many consider to be the most powerful office in the world should probably hold themselves to a higher standard than a bunch of playwrights. Even more so when they keep going on and on about how smart they are. The two things aren’t even comparable on that level.

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Best place on meth

Of course you give them a pass on inciting violence.

That’s what hypocrites do.

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Shut It Down Already (original)

Read what I said again. They’re not getting a pass.

Misrepresenting what people say is about all you’re good at, apparently.

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Best place on meth

You fucking hypocrite, you don’t give a shit about Hillary, Eric Holder, Maxine Waters and other prominent democrats suggesting that people should get violent against Republicans.

Not to mention every one of those dirtbags at CNN riling people up constantly by calling Trump a racist, sexist, traitor, Russia collaborator and many other things every fucking day, dozens of times a day. They should be strung up for inciting violence and for treason against the USA.

What a truly despicable piece of shit you are, and you’ll never realize it. That’s how far gone you are.

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Shut It Down Already (original)

How exactly does calling somebody out as a racist when they say something racist fall under any definition of inciting violence or treason?

You’re so fucking clueless.

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Best place on meth

You completely ignored the first sentence, fucking hypocrite, that’s your style though.

Also, give one example of anything Trump said that was racist.

This should be hilarious, coming from a race-baiting prick who calls everything racist.

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Shut It Down Already (original)

I ignored your first sentence because I could find no reference to corroborate your claims. Perhaps you’re mistaking facts with right-wing talking points again?

We’re lucky that Trump’s words are well documented and there’s a clear pattern of behaviour. Here’s a great list for you to dismiss as “fake news” like the mindless drone that you are:

https://www.nytimes.com/interactive/2018/01/15/opinion/leonhardt-trump-racist.html

Now, wouldn’t a self-declared genius who’s accused of being a racist tweak their style or communication slightly if it wasn’t actually their position? It’s not like this is exactly a problem which has plagued other presidents, Republican or Democrat. I mean, a really really high IQ guy would have that much self-awareness, no?

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Best place on meth

“I could find no reference to corroborate your claims.” Of course you couldn’t, because despite mocking others for not knowing how to use Google, you appear to be search engine impaired yourself. Or just lazy. Or maybe…oh yeah, a fucking hypocrite. “You cannot be civil with a political party that wants to destroy what you stand for, what you care about,” Clinton said. “That’s why I believe, if we are fortunate enough to win back the House and/or the Senate, that’s when civility can start again. – Hillary Clinton” ““When they go low, we kick ’em. That’s what this new Democratic Party is about. – Eric Holder” “Let’s make sure we show up wherever we have to show up and if you see anybody from that Cabinet in a restaurant, in a department store, at a gasoline station, you get… Read more »

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Shut It Down Already (original)

Ok, now I understand why I couldn’t find them. Because in Clinton’s case there’s no interpretation of those words which could be considered inciting violence (unless you consider any use of the word “destroy” to count) and two other cases are fucking metaphors. I’d say Waters words are irresponsible, but not actually asking people to be violent – quite the opposite.

So I was right – you’re just parroting far-right crap you read on some alternative news site.

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YVR

destroy: put an end to the existence of (something) by damaging or attacking it.

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Shut It Down Already (original)

Many thanks for the dictionary definition of a word everybody is familiar with. You really scored points in the debate with that.

Idiot.

Now read the rest of the fucking sentence. There is no incitement of violence in her statement. But if that’s all you have then I can’t blame a hyperpartisan fuckwit for trying to work with it.

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YVR

Let me spell it out for you.

Your quote: “in Clinton’s case there’s no interpretation of those words which could be considered inciting violence (unless you consider any use of the word “destroy” to count)”

The interpretation of “detroy” which you claimed doesn’t count is “put an end to the existence of (something) by damaging or attacking it”. That is the definition of inciting violence. As a presidential candidate, former senator and former secretary of state should Clinton be held to a higher standard?

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Shut It Down Already (original)

Using the word “destroy” is not inciting violence. Stop being a twat.

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YVR

“If they bring a knife to the fight, we bring a gun. – Barack Obama”

LOL and the alt left freaks bring up Trump mentioning the second amendment in a speech when you have Obama explicitly calling for gun violence to his political opponents.

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Shut It Down Already (original)

Metaphor, dipshit.

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YVR

And metaphors and jokes can only be used by the left. Everything Trump says is taken as literal and marching orders.

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Shut It Down Already (original)

Trump was not using a metaphor. Nice try, though.

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YVR

Nothing there that is factual is racist. You alt left nutbars confuse someone calling out bad behavior as racist. Trump treats everyone equally as he should and calls out bad behavior of all races. If Trump was such a open racist for all these years why did the Clintons invite him to Chelsea’s wedding?

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YVR

Here are what your fake news article lists as racist:

– Trump frequently claimed that Obama did not work hard as president.
– Trump called Obama “a terrible student, terrible.”

In other words if you criticize someone who is not white you are racist. Look at the stuff Obama says about Trump. What does that make him?

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Shut It Down Already (original)

“Treats everybody equally”

And that’s why he hounded Obama for years about his citizenship and tried to – and on occasion continues to – stoke conspiracy theories about him being a Kenyan Muslim? Who else has been subject to that equality, exactly?

“Calls our bad behaviour of all races”

Except when they’re white supremacists in Charlottesville, you mean?

And about the wedding – Ivanka and Chelsea used to be friends. I’m sure you can figure out the rest.

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YVR

“And that’s why he hounded Obama for years about his citizenship”

How is that racist? Actually it was where he was born and if it was in the US. It is a requirement to be president to be born in the US. Nothing to do with racism. This question was first brought up by Hillary Clinton in the primary when she was up against Obama. Does that count as racist too?

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Shut It Down Already (original)

Claiming that Hillary started the dumbass birther movement is another far right conspiracy theory. The fact is that Trump continued to hound Obama and make false accusations against him for years despite the truth being settled long ago. This was not an innocent fact-finding mission. This was a deliberate harassment of somebody based on the colour of their skin alone. And that has everything to do with racism. Unsurprising you’d turn a blind eye and do anything to try to portray reality in a different light.

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StupidityCheck

You were mildly entertaining when you bashed communist China. Now you’re a raving lunatic.

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Oracle

Totally agree!

Even the stock market players want him gone.

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kabloona

“Real-estate developers will have to change the way they do business, Vancouver’s new mayor warns”

https://www.thestar.com/vancouver/2018/10/24/real-estate-developers-will-have-to-change-the-way-they-do-business-vancouvers-new-mayor-warns.html

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YVR

“Real-estate developers will have to change the way they do business, Vancouver’s new mayor warns”

That is correct. The gifts and bribes will go to him and not Gregor now. Talk about a bunch of hot air. No plan and no funding to do anything he talks about. Just another flunky NDPer who will accomplish nothing.

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Oracle

Amazing how dumb people will buy it.

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paulb

New
173
Price Change
111
Sold
102
TI:13730

http://www.clivestevepaul.com

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Screwed

Wee all the way down again!

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Dave

And back to triple digit sales. I think HAM is back and Easter is coming early this year.

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Hyper-mega-Bull

Inside China’s internment camps: tear gas, Tasers and textbooks

The facilities have come under international scrutiny, with rights activists describing them as political re-education camps holding as many as one million ethnic Uighurs and other Muslim minorities.

To build new, better Chinese citizens, another document argued, the centres must first “break their lineage, break their roots, break their connections, and break their origins”.

https://www.afp.com/en/news/717/inside-chinas-internment-camps-tear-gas-tasers-and-textbooks-doc-1a73p63

it’s funny how vancouverites, for decades, willingly indoctrinated themselves and sold their personal future and the future of their children.

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Laibach

Right, an orchestrated and well-organized movement to let and help them to build another national and “cultural” (ideological) stronghold in this part of the world. Playing the race card backed up with illicit money worked very well for them, invasively and financially.

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Oracle

Blame lies with the minions who believe anything their MSM, ‘leaders’ , and others (like GT) say.

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Best place on meth

“I’m Justin Trudeau, and I approve of these concentration camps!

Now LET’S MAKE A DEAL!”

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Screwed

And UP she goes

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

The Bank of Canada is raising its key interest rate again amid easing trade tensions with the U.S. and it’s signaling that it may speed up the pace of future rate hikes.
Governor Stephen Poloz and his central bank colleagues hiked the benchmark rate by a quarter percentage-point to 1.75 per cent on Wednesday – its fifth rate hike since mid-2017.
The bank dropped its recent pledge to take a “gradual” or “cautious” approach to rate increases. The go-slow message has been a fixture of the bank’s statements for the past year. Its removal now suggests the bank could break with its recent pattern of hiking on every second rate announcement date, and will now consider moving more frequently.

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Shut It Down Already (original)

Great copy paste.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

Thanks AIDS.

As usual, you nailed it with another informative post.

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Oracle

Don’t use that acronym. That disease affects many good people and using it tarnishes your image.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN!

AIDS is a terrible disease that affects many good people,

Exactly like SIDA…

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Shut It Down Already (original)

I love it when you double down on stupid.

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Best place on meth

You’re right, an auto immune disease is nowhere near as bad as that lowlife.

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Nomad

Hmm lets see about that speeding up the pace. Stock markets are well overdue for a decent crash and it is going to happen sooner than later. So what happens then? Economy is still strong as crystal dick?

All I see is peaks everywhere with piles of debt. Not only RE.
So watch out.

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Best place on meth

1607 14TH AVE E

Assessed 1.615, listed 1.399, sold 1.280

21% below assessed.

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YVR

All tare downs. Still beyond absurd prices for crack houses on small lots.

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Shut It Down Already (original)

You mean land values have decreased or people are no longer willing to buy a lot which hasn’t been cleared?

Whether they’re tear downs or not prices have come down. Perhaps you can segue into a tangent about the NDP from here?

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Best place on meth

4802 BEATRICE ST

Assessed 1.346, listed 1.000, sold 1.150

15% below assessed.

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0
Best place on meth

49 57TH AVE E

Assessed 1.654. listed 1.698, sold 1.452

12% below assessed.

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0
Best place on meth

2027 44TH AVE E

Assessed 1.365, listed 1.398. sold 1.205

12% below assessed.

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0
Best place on meth

4209 OSLER ST

Assessed 4.288, listed 4.288. sold 3.500

18% below assessed.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

Is 15%-20% below assessed is the new norm. The more houses that change hands at these levels the more this drop will become permanment in the mentality of home owners.

When the idea that they can’t just wait for prices to go back up the panic will set in.

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Shut It Down Already (original)

Except most homeowners don’t view their property as a casino chip that needs to be cashed out in a hurry. It’s primarily a place to live and they’ll do what it takes to persuade themselves that the market will recover by the time they need to sell.

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MAKE TRUDEAU A DRAMA TEACHER AGAIN

That might be true but it only takes a very small percentage to panic and sell to drive prices down. This is especially true with the very low vol of sales.

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/dev/null

Nice. Here’s another one:

1225 PARK DR
Assessed 2.312, listed 1.995, sold 1.718
25% below assessed.

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Best place on meth

For the first time in decades, life expectancy in BC is falling due to fentanyl from china.

https://www.theglobeandmail.com/canada/article-opioid-overdoses-lead-to-fall-in-life-expectancy-in-bc-threatens/

Another reason why the US should have nuked those vermin in 1950.

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Shut It Down Already (original)

Patriotz would nitpick an Oxford comma but gives hate speech a pass. You have to wonder why.

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Fullfrontalabotomy

So Patriotz is the racist? Everything looks like a nail when you have a hammer in your hand I guess…

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Shut It Down Already (original)

This site is the fucking hardware store.

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Best place on meth

Yes, I fucking hate china.

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Best place on meth

Companies Say They’re Ready to Move Supply Chains From China

https://finance.yahoo.com/news/companies-apos-ready-move-supply-143908457.html

Once the western countries have left, Trump can shut the door on all crap from china coming across the Pacific.

PRC is wiped off the map.

Good riddance.

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Doomcouver

I fully expect this trend to accelerate as the credit bubble in China enters the final phase. The PRC will use totalitarian control to try and keep capital from fleeing the country but it will only serve to accelerate the panic-selling inside the country. This will amplify the vicious deflationary spiral and could push China back decades in terms of economic development. Seeing a country sink part-way back into the third world should be interesting…

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Oracle

And 325,000 Canadians living there will rush back to Vancouver and buy all the homes.

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YVR

It is the genius of Trump. By creating the trade war with China he has stopped and even reversed the offshoring of US manufacturing without China conceding to anything. The tax cuts and schooling the drama teacher on NAFTA are icing on the cake. Trump wins no matter what China does at this point.

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YVR

Art Laffer: Next two years will be Trump’s glory days

Oct. 23, 2018 – 5:49 – Former Reagan economist predicts the midterm elections will give the president an even more favorable Senate to enact his agenda.

https://video.foxnews.com/v/5852350965001/?#sp=show-clips

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YVR

Economist Art Laffer: Trump’s First Term Is Best Ever

Economist and author Art Laffer, the architect behind the Reagan tax cuts that ushered in an era of economic prosperity for a generation, tells Newsmax in an exclusive interview that President Donald Trump is enjoying “the single best first term in economics that I’ve ever seen…. and he’s not even halfway through it.”

Laffer credits reduced regulatory burdens and lower taxes. He says Trump’s pro-growth policies are even stronger than Reagan’s.

https://www.newsmax.com/platinum/art-laffer-trump-first/2018/10/22/id/887344/

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Best place on meth

You’ll never guess which asshole is taking credit for Trump’s economy.

https://www.cbsnews.com/news/barack-obama-rally-las-vegas-economic-growth-democrats-campaign-2018-10-22/

That’s right, America’s first half-white president.

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YVR

Obama is the only president in history to never have a year with 3% GDP growth. In fact he said GDP growth of 3% was impossible. Now the impossible is happening under Trump and he is trying to take credit. Laughable. Obama was a failed experiment. The guy who said the jobs Trump has created were never coming back. In Obama’s own words:

https://www.youtube.com/watch?v=DuhXkCF-L2E

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Shut It Down Already (original)

3% growth was exceeded twice during Obama’s presidency, just not in a single calendar year. Quarterly growth exceeded 4% a few times.

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Shut It Down Already (original)

What were the US unemployment rates in 2008, 2016, and 2018?

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YVR

At home and abroad, Obama’s trail of disasters

The economy. Obama took office during a painful recession and (with Congress’s help) made it even worse. Historically, the deeper a recession, the more robust the recovery that follows, but the economy’s rebound under Obama was the worst in seven decades. Annual GDP growth since the recession ended has averaged a feeble 2.1 percent, by far the puniest economic performance of any president since World War II.

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YVR

Obama spent more public funds on “stimulus” than all previous stimulus programs combined, with wretched, counterproductive results. On his watch, millions of additional Americans fell below the poverty line. The number of food stamp recipients soared. The national debt doubled to an incredible $20 trillion. According to the Pew Research Center, the share of young adults (18- to 34-year-olds) living in their parents’ homes is the highest it has been since the Great Depression.

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YVR

In 2008, when Obama was first elected president, 63 percent of Americans considered themselves middle class. Seven years later, only 51 percent still felt the same way. Obama argues energetically that his economic policies have delivered prosperity and employment. Countless people disagree — including many who aren’t Republican. “Millions and millions and millions and millions of people look at that pretty picture of America he painted,” said Bill Clinton after Obama extolled the recovery in his last State of the Union speech, “and they cannot find themselves in it to save their lives.”

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YVR

With 8 Years of Job Gains, Unemployment Is Lowest Since 1969

The unemployment rate fell to a nearly five-decade low in September, punctuating a remarkable rebound in the 10 years since the collapse of Lehman Brothers set off a global financial crisis.

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YVR

By almost any measure, the American economy is humming. Gross domestic product is on pace for its best year since the housing bubble of the mid-2000s. Consumers and businesses are the most confident they have been in years, if not decades. Stock market indexes are near record highs.

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YVR

“I view this as the strongest labor market in a generation,” said Andrew Chamberlain, chief economist at the career site Glassdoor. “These really are the good times.”

https://www.nytimes.com/2018/10/05/business/economy/jobs-report.html

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Shut It Down Already (original)

No answer to my question, then? I suppose you think a flurry of knee jerk copy/pastes qualifies?

I only asked for 3 simple numbers. Show us how smart you are.

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Shut It Down Already (original)

8 years of job gains, eh? I wonder where 6 of those came from?

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Nomad

I think I will wait and see what happens in the next two years and coming decade.

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Nomad

These things are usually like a fart. You hear the sound then smell kicks in.

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Dave

That may very well be what Trump is playing for. China probably thinks he’s playing hard for a deal, but maybe Trump wants to start a tit for tat trade war, which escalates, knowing that ultimately it brings manufacturing home. Trump has been saying this for about 25 years now. I don’t think this is just some political play on his part. I think he really believes deep down that the US shouldn’t have embraced trade with China. It’s also interesting how he negotiated a Canada-Chinese trade agreement veto into the new NAFTA. That says a lot to me.

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Screwed

T2 said he doesnt care about this condition and is still looking for a business with China

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kabloona

You’ve been listening to Trumpy for 25 years…? That must’ve been painful….

🙂

I’ve only had to listen to him for about 2 years and already my head hurts….

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Dave

If you look at interviews from the 80s, he was talking about unfair trade and how didn’t like that the defended those countries without charging them.

It’s not just political rhetoric. Trump believes China is ripping the US off and he wants to do something about it. I think he wants his legacy to be the guy who put China in its place. China should be worried if my view of this situation is correct because Trump isn’t playing for a negotiation… he wants the situation to escalate. China would be smart to not let it escalate for that reason.

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Shut It Down Already (original)

He should declare them a currency manipulator on day one!

Oh wait.

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paulb

New
203
Price Change
119
Sold
121
TI:13758

http://www.clivestevepaul.com

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Screwed

Dont like it

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Oracle

Who keeps buying if everyone saying market crashing.

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Shut It Down Already (original)

There buying at lower prices, dummy.

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Nomad

if you had your $$ in almost anything you saw 3, 4 years ago, its up at least 50%. If I weren’t in the RE already, I would be cashing my stocks out at these peaks and now turning into RE when it is dipping a bit due to rate hikes.

It is not only RE went up. It was EVERYTHING!

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rockerguy

Seasonally adjusted percentile rank of the average inventory levels show that 2018 is creeping into higher territory: https://goo.gl/bBbN9s

October inventory is currently sitting at the 60th percentile – comfortably above what is normal for this time of year out of data since 2012. But it’s not exceptionally horrific. 2013 and 2014 had higher inventory levels.

The new minus sold statistic is way more illuminating, however. 2018 is the worst year on record since 2012.
https://goo.gl/GQ7Dr7

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Bubble

OK, a realtor send me a link for 4647 W. 15th Ave., Van West, asking for $2,998,000.
But but but the lot is only worth $2 million now. Poor owner.

$2,780,000 Sold 05/25/16
$1,758,000 Sold 04/30/14
$694,000 Sold 04/27/05

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