There’s a catch ( there’s always a catch ).
The house is in Alberta and you have to write an essay about why you want a $1.7 million house for $25. The $25 is your entry fee.
Looks like a decent way to drum up some hype and try to get more than your asking price in a collapsing market.
Of interest…
Despite Metro Vancouver now having the highest concentration of foreign students per capita in Canada and arguably the world, Kuehn also says there has been “no research” on how the sharp shift has affected students’ classroom experience. Meanwhile, he said, many teachers are talking about how some high-fee-paying students expect they should be handed B.C. graduation certificates regardless of their grades.
https://thetyee.ca/Analysis/2019/01/31/Canada-Reckoning-China-Fingers-Pots-Meng-Trudeau/
“Tellingly, Vancouver makes a perfect setting for Meng’s detention. The city represents to the Communist Party of China what Shanghai once was for European imperialists — a place to show off their money and power. So many Chinese opioid cartels and other global gangsters wash their dirty money there that an Australian security expert describes it as “a hub of transnational money laundering.””
One of many highlights. Great piece.
A masterpiece.
“To advance this new Chinese-centric economic order, Xi’s regime works to extend influence through the 10 million People’s Republic of China citizens living abroad. As part of that program, Xi Jinping passed in 2017 the National Intelligence Law, which it made legal for Communist party officials to demand cooperation from Chinese companies and their communication networks as well as citizens living abroad. In other words any Chinese firm or any citizen can act as a spy for the party in the interests of “national security.”
Holly shit, they will be able to mobilize a powerful army “on a dime”, call military coup and conquer B.C. within hours. Well done with immigration policy, well done.
Don’t worry. David Eby is studying the issue right now. Updated report to come out later this year. Apparently it will confirm at least 2 Westside houses and a Mercedes were bought with dirty money.
Once again, it is the foreign, mostly Chinese money as a locomotive on the debt train that got us in this housing shit. If they weren’t let in we wouldn’t have this mess, fuck the “locals” bullshit.
Homes of new immigrants in Metro Vancouver worth $824,000 more than locals
“Moreover, recent immigrants that arrived in Canada under the federal government’s Immigrant Investors Program owned single-detached homes worth an average value of $3.1 million. Those who immigrated under the Quebec Immigrant Investors Program had even higher averages of $3.3 million.
But individuals who came under the Province Nominees Program and skilled workers programs owned single-detached homes worth an average value of $2.4 million and $1.6 million, respectively.”
https://dailyhive.com/vancouver/metro-vancouver-housing-immigrants-statistics-canada-january-2019
Funny part in this tragedy is “Province Nominees and Skilled Workers”. What a fucking joke, skilled, what fucking skills???
Foreign students is the new immigrant investor program. It must be stopped.
Best fraudsters, scammers and loop hole exploiters in the world.
Tell me I’m wrong
You should probably read a little about the immigration process and then you’d not be so fucking clueless.
Additionally you should probably read the study itself, which shows that only about 3% of Vancouver SFH are owned by recent immigrants from China. That’s roughly 7000 units. And they’re at the higher end of the market on average, reinforcing the repeatedly stated fact that there is no competition with locals.
https://www150.statcan.gc.ca/n1/pub/11-626-x/11-626-x2019001-eng.htm
Lying, cheating, stealing, spying, money laundering, drug smuggling, fraud , operating unlicensed & illegal business……
These are all skills by the standards of parasites from the motherland.
RE: Nanaimo byelection …
The Libs had the biggest gain…the Greens the biggest drop.
Weaver is clearly waffling…he was sh*tting bricks with a bad move of prematurely trying to distance self from NDP.
Thank God PR failed….and decisively.
NDP has shot its wad, with “some good” such as killing Massey Tunnel replacement and Tolls…WTF have they done since ?
They can’t even deal with casino corruption….don’t tell me that the investigation wasn’t PURPOSELY compromised FFS…duuhhhh.
Horgan and co will simply aim to ride out the alleged “mandate” other than some typical whacko leftie pet agendas…BC politics will simply go in the sh*tter with this clown show.
BC Politics already in the shitter….
So much horrible/awesome news coming out of china every day.
January ends with around 1000 sales, the worst since the financial crisis.
Prior to that you’d have to go back 19 years to find a January this bad.
4600 listings, 22% sell/list ratio, and a 2000 gain in inventory this month.
I like the 2000 gain in inventory. Can we keep this up for 4 months?
19,000+ by June 1st or are the Feds gonna light a fire?
Feds have no more gas to pour onto this shitshow…
I had lunch with a South Surrey Realtor yesterday and I asked her what she thought about the market.
I expected a bunch of Realtor talk but instead she looked at me and simpy said
“F@cked”
New
158
Price Change
66
Sold
61
TI:11420
Enough fentayl to kill 57 million people. How is this not a declaration of war by locusts against western civilization?
https://www.zerohedge.com/news/2019-01-31/biggest-fentanyl-bust-history-border-patrol-seizes-enough-drugs-kill-57-million
Vancouver no longer accepting cash payments over $10k to deter money laundering
https://globalnews.ca/news/4912642/vancouver-cash-payments-deter-money-laundering/
‘“Of this $2 billion, 0.6 per cent of the payments were in cash (approximately $13 million),” the City said in a release.’
A tiny amount.
ahh so a little bit of dirty money is ok, as long as it’s not a lot…
I didn’t say that.
Let’s legalize murder, since only >0.01% of the population commit it.
Bad Analogy Man, is that you?
$13 million is cash? Only a locust would consider that a tiny amount. Who pays cash for anything over $20? If you pay cash you either cash your cheques at Money Mart or are a criminal.
We’re talking about total money paid to the city over a year. Not a single transaction. It’s a tiny amount. A tiny fraction. Context matters. And I’ll tell you who still uses cash – old people. You might use NFC to charge the credit card in your Apple Wallet every time you buy avacado toast but I assure you that many older people do not. They prefer cash for almost everything. You’ll often read of seniors being robbed of tens of thousands of dollars in their own home. I suppose they must be criminal money launderers, too? Also, note that only a couple of days ago I stated that a $10K limit would be completely reasonable and consistent with limits imposed elsewhere. And looky what happened (not that the article even says that cash amounts over this have actually been… Read more »
Old people, who aren’t criminals, write cheques. They mail the cheque. They don’t go to city hall to pay thousands in cash. Laughable.
Cheques require a bank account. There are many seniors who simply do not trust banks. Laugh all you like, but my reality is way more believable than your fantasy.
Largest jacuzzi in the country is just one of many improvements coming to downtown Richmond’s Minoru Centre for Active Living
https://www.richmond-news.com/news/richmond-hot-tub-largest-in-canada-1.23618925
>>> people will be understandably outraged that hotpot meat, veggies and other delicacies are not included…
Pop Singer Pleads for Justice for Her Detained Mother, Again
http://www.sixthtone.com/news/1003511/pop-singer-pleads-for-justice-for-her-detained-mother%2C-again
Travel agents charged with bringing pregnant Chinese women to give birth on U.S. soil
https://www.latimes.com/local/lanow/la-me-birth-tourism-indictments-20190131-story.html
B.C. casino ‘knowingly accepted’ millions from banned loan shark, audit alleges
“Jin continued to deliver cash to his Chinese VIP clients at River Rock Casino “in areas visible by surveillance” according to allegations in Lottery Corp. and Gaming Policy Enforcement Branch documents.”
>>> in the banana republic that is now British Columbia ….
nothing to see here… move along…. this has nothing to do with any issues we face in the country…
what a cluster fuck… rest assured though, nothing will be done about it
The NDP have cleared the casinos of all wrong doing. This can’t be correct.
And now Trudeau appears set to copy another Harper strategy. Bill Morneau, the finance minister, told an audience in Aurora, Ont., on Jan. 22 that he wants to do something to make housing more affordable for millennials….
Here we go again…
Like what? Create some better paying jobs?
@SS
Housing doen’t need “help” from the govt. It’s inflated enough and people are in too much debt. …but you likely already know that. Anyone at this point who is for this, likely has a personal agenda (ie builder broker politician etc) for kicking the RE can further down the road and keeping the debt gong show going…
Housing can be helped by the government putting a stop to money laundering, satellite families and general tax fraud.
Anything other than that will only make the problem worse.
Unfortunately we have become a Country that relies on untaxed money and cheap credit to fuel our economy.
“Housing can be helped by the government putting a stop to money laundering, satellite families and general tax fraud.”
Sounds like banning Chinese?
Sounds like 3 broken NDP election promises. The latest from Sam Cooper is the casinos have put through $2 billion in dirty money. I’m sure glad we spent the last 2 years with the NDP study which came back with $100 million, then took no action, cleared the casinos of wrong doing and then extended the gaming license of the casinos by 10 years. Oh yes and they dropped all charges to the money launderers.
How about whoever is doing it? I don’t care if they’re Chinese, American, Iranian, Russian or Irish.
That’s very noble of you, but in our case it actually is chinese.
And Iranian and Russian, but yes, mostly Chinese.
Also fine with that…
Sounds good to me
Our Ottawa keystone cops to the rescue?
God help us!
Ontario may allow disclosure of prices in real estate bidding wars: The Canadian Press, at 11:01 on January 31, 2019 TORONTO – Ontario is considering allowing realtors to tell prospective home buyers the prices of other offers in bidding wars. The government launched a consultation Thursday looking at the Real Estate and Business Brokers Act, and that’s one rule they’re looking at changing. Currently, if there are multiple bids on a home, the seller’s broker can only disclose the number of competing offers, but not the details of them. Through this method in a hot housing market, buyers often can blindly offer more than what they initially planned on spending in hopes of beating their competitor. The government’s consultation document says disclosing the details of competing offers could give prospective buyers better information to inform their decisions. Sellers would also… Read more »
Well played…
Richmond trampoline park owners claim dad who died could have been impaired
Almost a year to the day that Jay Greenwood died after breaking his neck, Extreme Air Park filed a response to his children’s lawsuit.
Canadian Banks See Mortgage Growth Drop To Multi-Year Lows:
https://betterdwelling.com/canadian-banks-see-mortgage-growth-drop-to-multi-year-lows/
The mania is over, nothing to see here folks…..
How much consumer spending is now being hoovered into mortgages and inflated housing that could have gone into the rest of the economy.
Stacy discussing asset inflation and central bank’s role in it:
https://m.youtube.com/watch?v=nkkmhogGBFs
It’s a crazy amount. Housing is dead money, so the more money that gets crammed into housing the more dead your economy is. Imagine if all the RE speculators used their money to build factories or start new businesses instead of speculating on real estate. Canada could have been a massive economy. Instead what we got was giant ugly McMansions all over the place, and some transient construction jobs while the market was hot. This housing mania will be a permanent stain on Canada’s history, and testament to what happens when irrational FOMO forces dumb Canadians to make poor financial decisions.
But in the process, we became more China alike, at least some good progress. /sarcasm/
https://twitter.com/CHEK_News/status/1090849366380670976
“BREAKING: CHEK News is projecting NDP candidate Sheila Malcolmson will win the Nanaimo byelection #NanaimoVotes”
She has like a 9% lead with over half the polls reporting. Not too surprising given the voting history of the riding. Also, maybe there hasn’t been enough time yet to wash away the stank from the previous BC Liberal government.
I agree with those suggesting we may see a provincial election triggered sooner rather than later regardless. NDP position will be stronger in 2019 than perhaps later on.
Oracle is rolling over in his grave.
Another genius has outed himself here. Bravo.
Good grief.
You’re the only one on this site that has made the claim that you have a genius level IQ
The Green implosion and near 50% support will be very tempting for an election. Things won’t get better for the NDP a year from now.
Agreed.
Tough talk from Andrew Weaver a couple days ago:
Verified account @AJWVictoriaBC. Jan 27
“It’s remarkable that @bcndp have audacity 2 b fear mongering vote split narrative. An NDP win by no means ensures @bcgrens will continue to prop them up. In fact, an election could b sooner than residents of Nanaimo think #bcpoli Its hubris to think NDP have our continued support”
But now we see BC Greens coming in at a little over 7%. In the last provincial election 2 years ago they had close to 20% (and the federal Greens also had ~20% during the last federal election).
Most Green support went to Liberals.
Basically weaver can’t campaign on housing next election. Though if he does this, is 7% base won’t vote for him either. He is finished and housing is the #1 issue.
Was it Dave or Royce or Bullwhip who called it. Saying NDP will win a majority of election called this spring?
Meaning if Wevaer is anti housing policy, the 7% will jump ship to the NDP. The other half that wants to get rid of housing taxes has already jumped ship to the Liberals.
Latte sipping, BMW driving Green voters are a real thing. A lot of rich boomers will vote Green because it makes them feel like they’re giving back to society. That’s until the Greens support higher home taxes and then back they go to the Liberals.
I’ve been saying it for about 6 months now. Last night is the green light the NDP needed to push for an election. The Referendum result probably was concerning because it could be interpreted as a vote against the government. But last night confirms that wasn’t the case. The NDP did very well.
But it’s an empty victory to some extent because now it’s harder to get an election. Horgan will probably hope that Plecas gets recalled.
A lot of Green votes were dissatisfied Liberals. But a lot are NDP as well. I think in general the NDP will benefit more than the Liberals from the Green implosion because vote splitting is a bigger factor in the cities, rather than suburbs.
Nobody wants to vote for a pompous academic that has the appearance of an employed slob.
“Most Green support went to Liberals” I come from the Nanaimo area originally. This is certainly technically correct, but that may have less to do with anything specific from the Liberal or Green party. I think Tony Harris as an individual is pretty popular (I know him a bit, and his family has deep ties there). That could account for a big part of the increased BC Liberal vote. In terms of the next provincial election, I believe the NDP can increase their % of votes, drawing from a Green collapse. And I definitely think that their ability to run a campaign based on “16 years of BC Liberal rule” + corruption will never be stronger than it will be this year, so that works in their favor. But I’m honestly not sure how many additional seats a Green collapse… Read more »
They likely don’t have a ton of confidence after the PR referendum result. They likely will go with the guarantee which is to lead as long as possible.
I would be wary of extrapolating the results of this by-election to a general election, when talking of a “Green implosion”.
The consequences of vote-splitting in Nanaimo were starkly apparent. In a general election, the swing of a single riding is unlikely to determine who holds power, so it’s easier to convince yourself that voting your conscience won’t have a bad outcome.
Good news. The new taxes are here to stay.
Up them all to 2%. Tighten exemptions.
I just like the fact they are requiring everyone to do this for all properties and with sin numbers. They will have records of all properties and who owns what.
I hope the NDP do call an election and win. So tired of the Greens. Weaver is an idiot. A completely insignificant party that had a brief crumb of power and he didn’t know what to do with it.
Number one priority for BC is housing. Whether that is wanting cheaper prices to buy, or the Liberal supporters who want it to keep going up forever, environment is a complete non issue until we get a livable Province again.
having said that. I’m not entirely sure the NDP can win the next election. I hope they do but not so sure. They would have to campaign hard on the 16 years of corruption and the Banana republic this Province has turned into but don’t underestimate the power of the developers. They seem to own this place.
“Also, maybe there hasn’t been enough time yet to wash away the stank from the previous BC Liberal government.”
especially when the new leader is just as stinky.
If the same results transferred over the full electorate, the Liberals would win by a landslide. The Liberal won the popular vote and most seats last election. It was only the protest vote that went to the Greens that got the NDP in power. Clearly that protest vote has reverted back to the Liberals. The NDP will not be in power after the next election, no matter when it happens.
Hilarious, those people are just amazing…
Eric Li is the president of Huawei Technologies Canada.
“Let’s be clear: Huawei is no threat to Canada or Canadians”
https://nationalpost.com/opinion/lets-be-clear-huawei-is-no-threat-to-canada-or-canadians
“First, it is argued that Huawei is effectively a state-owned enterprise that answers to Beijing. But that is simply not so. The reality is that Huawei is a private-sector company.”
If that’s the case, then why President Xi was so mad to take Canadian hostage?
Nobody ever said the company is state owned.
Eric Liar is making shit up, I hope the US asks for his arrest and extradition as well.
The National Post is a fucking joke…