Happy New Year! The Real Estate Market in 2019

It’s the beginning of a whole new year and that means it’s time for expert predictions about the Real Estate market in 2019:

From the Professor:

“My guess is 2019 will not be a banner year for sales in Greater Vancouver and I expect further price declines,” said Tom Davidoff, an associate professor at UBC’s Sauder School of Business.

From the Accountant:

Historically, the real estate industry has been a “laggard” when it comes to embracing technology, says Frank Magliocco, a partner at PwC Canada who specializes in the housing market.

“But I think what you’re going to see now is a fairly significant ramp up in embracing that technology once it becomes more mainstream,” he said.

“It’ll be increasingly important to remain and be competitive in the marketplace. Once you see these technologies prove out, you’ll see more and more adoption.”

On Quantative Tightening:

When it comes to reversing their crisis-era bond buying, central bankers are focused on the destination. Traders in risk assets care more about what could be a painful journey.

The tension may prove even more consequential in 2019 now that the European Central Bank is stopping — though not yet unwinding — asset purchases. Bank of America Corp. analysts say liquidity from the developed world’s four major central banks will contract by $200 billion next year, driving volatility in the riskier markets that thrived under quantitative easing.

From the Real Estate Salespeople:

Even though British Columbia is expected to lead the country’s year-over-year decline in home sales in 2019, the provincial average resale price will rise slightly, according to a national real estate forecast published December 17.

The average sale price of a B.C. home sold on the Multiple Listing Service next year will be $720,000 – a rise of 0.9 per cent over 2018’s figure, predicted the Canadian Real Estate Association (CREA).

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edy
Guest
edy

Space exploration breakthrough: China lands on far side of moon

https://arstechnica.com/science/2019/01/china-makes-history-by-landing-on-the-far-side-of-the-moon/

F*#k all China haters on this board.

Specuskeptic
Member

Looks like moon locals are buying up all the available RE in a FOMO-induced panic spurred on by local gullible/venal media and loose lending. One in ten of the buyers (or fewer) being Chinese adds to the patina of the industry-constructed reality. Remember: In outer space, no one can hear you scream “Buy now or be priced out forever!!!”

StupidityCheck
Guest
StupidityCheck

Welcome to 1969, China! Meanwhile, did you see the pictures today of that thing a billion miles beyond Pluto?

Canada is for Canadians
Guest
Canada is for Canadians

They have to leave their garbage everywhere …

Best place on meth
Member
Best place on meth

You have to forgive china for being 50 years behind on the moon landing thing.

They were still eating each other in 1969.

edy
Guest
edy

Even the NASA director is congradulating China for their historical achievement, and yet predictably, you just spew venom every time you open your mouth. A typical angry basement dweller.

Haters gonna hate. A special f*@k you to you!

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

He blames China for the fact he’s an unemployable failure. Sad!

Slava
Member
Slava

You may very well be an unemployable failure, for all we know. You spend too much time here that may indicate as much.

Slava
Member
Slava

He maybe called a hater by some, but assumptions about where he dwells, diminishes you.

Best place on meth
Member
Best place on meth

Ooh, “basement dweller”!

“Unemployable”!

You guys hurl the best slurs ever, I have no response.

patriotz
Member

“Welcome to 1969, China! ”

1966 actually, when the first unmanned soft landing was made by the USSR. The US followed soon after.

southseacompany
Member
southseacompany

Moon real estate on sale in China, BBC

http://news.bbc.co.uk/2/hi/asia-pacific/4360082.stm

: )

Best place on meth
Member
Best place on meth
Slava
Member
Slava

I think the Chinese “would be haters on a board”, if one of their main cities was colonized by foreigners where the the foreigners become the majority in many parts of the city, regardless if their ruling elite lured them there.

BTW that (one) photo proof released does not indicate anything, that it is a moon, and could have easily come from a nineteen-nighties computer game…lol

Most locals in Metro Vancouver would not be sad to see most Han Chinese go back to China, to make China even better, and maybe they can go to Mars next…

Madashell
Guest
Madashell

It’s not China that people hates. It’s the corrupt totalitarian CCP that people hates.

Laibach
Member
Laibach

Where all those shitheads are coming from?

No, China Isn’t Winning the Space Race
https://www.bloomberg.com/view/articles/2019-01-05/china-s-lunar-rover-isn-t-a-victory-in-the-space-race

Road Warrior
Guest
Road Warrior

LOL……..really ????

The Americans put a “man” on the moon over 50 years ago.

You guys are really good at building apartments that collapse though.

Boomboobs Detroit
Guest
Boomboobs Detroit

HNY nutslaps. I wish Boomcouver to find
“a land making machine “

bullwhip29
Guest
bullwhip29
Bag it and tag it
Member
Bag it and tag it

They’re considering a $5 fine and an 8 hour suspension to be served between midnight and 8am.

Best place on meth
Member
Best place on meth

And an apology from the Prime Minister.

bullwhip29
Guest
bullwhip29

China’s cyber police take aim at ‘negative information’ in new internet crackdown
https://www.scmp.com/news/china/article/2180608/chinas-cyber-police-take-aim-negative-information-new-internet-crackdown

bullwhip29
Guest
bullwhip29

Feds offer more funds to connect immigrants to Canadian job market
https://www.ctvnews.ca/politics/feds-offer-more-funds-to-connect-immigrants-to-canadian-job-market-1.4239555

>>> a combined $113 million is to be offered to 16 organizations for immigration and settlement support both virtually and in-person abroad, through to 2023. BC based SUCCESS will receive $22.4M or nearly 1/5th of the funds

“We are grateful for the opportunity to assist even more newcomers in partnership with IRCC in the years to come,” said SUCCESS CEO Queenie Choo

YVR
Guest
YVR

It may help if they brought in immigrants who actually wanted to work.

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

Are immigrants lazy and not working or taking the jobs of those born here? Pick one.

Bag it and tag it
Member
Bag it and tag it

Eye roll. Fuck the born an raised Canadians that need jobs. We should not have any immigrants who’s job skill aren’t in huge demand. We are pathetic.

YVR
Guest
YVR

“Fuck the born an raised Canadians that need jobs.”

If you need a job in the current job market there is something wrong. Maybe it is about you and not the lack of jobs.

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

Being “born an (sic) raised Canadian” isn’t a qualification. Try school.

Slava
Member
Slava

We don’t need more realtors, mortgage brokers, developers, and Chinese Restaurants, that’s for sure!

DaMann
Member
DaMann

Actually I’m all for this. I’ve been saying this for a while. Increase funding for new immigrants for programs like this BUT decrease immigration by half. There is no point letting more and more in only for them to be jobless and suck from the system. It’s moronic. Trudeau wants 400k a year, I say make it 200k a year and up the funding for them. But of course that would be too logical and smart

patriotz
Member

” There is no point letting more and more in only for them to be jobless ”

Canada’s unemployment rate drops to 4-decade low at 5.8%

As usual, the provinces with the highest unemployment are those with the least immigration.

DaMann
Member
DaMann

I will have to find the stat, if you hold my feet to the coals i will, but I’m pretty sure I read that unemployment rate was far far higher for immigrants.

And provinces with the lowest immigration are also the provinces with the smallest economies too. Saskatchewan isn’t exactly the hub of immigration but they aren’t an economic hub either. You can make the stats say anything you want really. Or are you going to tell me that Sask. isn’t an economic hub cause they don’t have a high immigrant rate?

patriotz
Member

I am saying that immigrants go where the jobs are because they want to work. Over 45% of Vancouver CMA’s population is foreign born for example. If immigrants had a much higher unemployment rate than locals, how could Vancouver CMA currently have an unemployment rate of only 4.1%, below the national average of 5.8?

YVR
Guest
YVR

Because 50% of those immigrants who don’t work in Vancouver are not looking for work and therefore not counted as unemployed. Those 19 year olds with $150k cars are not interested in working. However many are counted as living in poverty and low income even though they live in Van West, etc.

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

It’s hilarious how confidently you present completely fabricated information whilst squealing elsewhere about “fake news”.

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

Liberal voters.

Shut it down already (original)
Guest
Shut it down already (original)

I’d like to see what kind of return on investment SUCCESS provides tax payers.

bullwhip29
Guest
bullwhip29

i’ll go out on a limb and suggest the tax evaders are getting the better of this deal

Slava
Member
Slava

What about sustainable immigration?

Any and current immigration levels notably increases carbon, when at the same time our progressive leaders are taxing carbon, in order to reduce it (or at least that is their excuse.).

Canada is for Canadians
Guest
Canada is for Canadians

Little Princess dolls sold at Dollarama recalled over chemical hazard

https://globalnews.ca/news/4813025/dolls-sold-dollarama-recalled-hazardous-chemical/

>>> more chineeze crap recalled ….

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

Here’s some Made-in-USA crap recalled only today:

https://healthycanadians.gc.ca/recall-alert-rappel-avis/hc-sc/2019/68766r-eng.php

I’m sure you’ll find a way of justifying the lack of compliant chemical hazard labelling and child-proof containers, though.

YVR
Guest
YVR

You are comparing a bathroom cleaner that did not meet Health Canada child proof packaging regulations with no reported incidents or injuries to a doll made for children with toxic chemicals that cause reproductive and developmental abnormalities in young children? You continue to make a fool of yourself.

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

Is this the same YVR who gushed over Trump’s spontaneous and uninformed plan to withdraw from Syria within 30 days only to see him make a U-turn, stretching the process to 120 days, after actually speaking with those with relevant military expertise? Oh, right – it is! I thought Corporal Bone Spurs didn’t need to take advice?

Incidentally, what would be the result of accidentally drinking bathroom cleaner which had been incorrectly packaged? You strike me as the sort of bozo from the shallow end of the gene pool who may have firsthand experience.

YVR
Guest
YVR

You are hallucinating again. Did you spent too much time playing with those toxic Chinese dolls? You are proof those developmental abnormalities are real.

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

Just say you have no valid counter-argument or admit your error. Have some class for once in your life.

YVR
Guest
YVR

Counter argument to what? Like usual, you never made an aurgument and went directly to insults. Is that the best a locust can do? Sad what we let into this country.

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

Racial slurs again? You’re quite pathetic. At least now we know you’ll tolerate hazardous household chemicals being placed in containers which aren’t childproof providing you think those responsible look like you.

I can only imagine yours and others hysteria if this product had been made in China. Paranoid squeals of how it was some sort of attempt to murder the indigenous population would have been all but guaranteed. Dumb racists are so predictable.

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

You really need to leave this blog.

Slava
Member
Slava

Changing the subject SIDA, is instant loss of an argument, as you did so above.

Shut it down already (original)
Guest
Shut it down already (original)

Even real Chinese people don’t want to buy stuff made in China.

If you don’t know that maybe you are one of those fake white washed Chinese who can’t figure out who they are and where they fit in

Slava
Member
Slava

Yes. They all clamour and are obsessed with European, Japanese, anything but Chinese Brands. How does that show “proud to be from China”?

southseacompany
Member
southseacompany

“Vancouver home sales fall to lowest yearly total in 18 years, detached home prices drop”, Vancouver Sun

https://vancouversun.com/news/local-news/metro-vancouver-2018-home-sales-lowest-in-eight-years-rebgv

“The composite benchmark price for all residential homes in Metro was down 2.7 per cent to $1,032,400. The price of detached homes was down 7.8 per cent.”

“Condos prices went up slightly, by 0.6 per cent over the past 12 months, but have declined 6.4 per cent since June. Town homes have increased 1.3 per cent since December 2017, but have decreased 5.3 per cent in the last six months.”

southseacompany
Member
southseacompany

“2018 Vancouver-area housing sales skid to lowest in nearly two decades”, Globe & Mail

https://www.theglobeandmail.com/business/article-2018-vancouver-area-housing-sales-skid-to-lowest-in-nearly-two-decades/

southseacompany
Member
southseacompany

“Metro Vancouver home sales plummet to 18-year low” Daily Hive

http://dailyhive.com/vancouver/metro-vancouver-home-sales-statistics-2018

Fall, skid, plummet. Liking those verbs.

southseacompany
Member
southseacompany

“Vancouver Real Estate Just Had Its Worst Year Since 2000: And now the market is headed for an oversupply of new homes.” Huffington Post

https://www.huffingtonpost.ca/2019/01/03/vancouver-real-estate-2018_a_23632895/

“The data for Vancouver’s housing market in 2018 is in and it’s not pretty. What’s more, the industry is warning things could still get worse as the city faces a looming oversupply of new housing.”

Oracle
Guest
Oracle

More BS. Why are rents rising if there is oversupply.

BS.

Ultra Bear
Guest
Ultra Bear

Because of Boomers hoarding all the land.

southseacompany
Member
southseacompany

Rents decreased a bit in November;

https://blog.padmapper.com/canadian-rent-trends

“One bedroom rent decreasing 0.5% to $2,100, while two bedrooms dropped 0.3% to $3,150.”

southseacompany
Member
southseacompany

Also, Metro Vancouver’s net increase in dwelling units has surpassed the net increase in household formation by an average of 20% for the last 15 years.

2001-2016 Net Dwelling Unit Grow: 241,336
2001-2016 Net Household Growth: 202,184

https://www.kpu.ca/sites/default/files/The%20Housing%20Supply%20Myth%20Report%20John%20Rose.pdf

Oracle
Guest
Oracle

They don’t include the 100,000+ foreign students nor the ten year visas holders.

That’s why rents shot up.

Doomcouver
Guest
Doomcouver

Don’t bother telling Oracle facts he won’t read them. He’d rather listen to the voices in his head.

Canada is for Canadians
Guest
Canada is for Canadians

Some people I know just rented a nice apt in Kits point for $1800 they said there is lots of choice now and rents are dropping. They had some LLs say they flexible on their asking price. And this is in a supposedly high demand and desirable area.

southseacompany
Member
southseacompany

‘This is how Canada’s housing correction begins”, Maclean’s

“Canadians are finally getting a taste of what a world with rising interest rates will look like, and one thing is painfully clear: we’re not ready for what happens next”

https://www.macleans.ca/economy/realestateeconomy/this-is-how-canadas-housing-correction-begins/

” “Maybe it’s just a moment and the market will rebound again like it has in the past, but maybe this is finally the perfect storm,” says Steve Saretsky, a Vancouver real estate agent. “I think we’re seeing the catalyst for a correction that everyone’s been talking about for 10 years.”’

Oracle
Guest
Oracle

Saretsky is a RE shill.

Notice he doesnt say we need more policy because bond yield have crashed.

Oracle
Guest
Oracle

He creates doom stories like GT so the government doesnt add to housing policy to slow down prices. See GT if you need another lesson.

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

How’s that work, exactly?

Slava
Member
Slava

Yes Oracle, the government is actively canvassing Saretsky and that crust boomer hypocrite GT, for their next moves…Get tha fak outta here!

Poof the Magic Dragon
Guest
Poof the Magic Dragon

You’re a real idiot.

Oracle
Guest
Oracle

Bond yields at 1+ year lows. Now 1.75% from 2.50%.

Welcome back 2.79% 5yr mortgages.

Springtime might set up FOMO in Abbotsford this summer.

$300,000 condo……rent out for $1500. Mortgage paid for.

Im not telling you to buy. Just saying that the rate hikes have passed.

Only reduced immigration will lower rent and housing prices. Vote PPC

Best place on meth
Member
Best place on meth

Except that lenders aren’t dropping mortgage rates.

Not even by 1 puny basis point.

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

Lenders are generally slow to drop rates yet quick to increase them – they do the inverse when it comes to deposit interest. It’s one of the methods banks use to juice their profits. I thought everybody knew that.

Simple Solution
Member
Simple Solution

lenders also price in risk…..

paulb
Member
Active Member

New
168
Price Change
42
Sold
46
TI:9513

http://www.clivestevepaul.com

Shut it down already (original)
Guest
Shut it down already (original)

Is China finally imploding?

Tim Cook blamed the unforeseen “magnitude of the economic deterioration” in China, the world’s largest smartphone market

https://i.stuff.co.nz/business/world/109725873/apples-stark-warning-may-be-ominous-news-for-china

Best place on meth
Member
Best place on meth

They can’t afford Apple products anymore, now they have to settle for Hauwei.

But they’ll still give up 3 months pay for one of those glorious Canada Goose jackets.

Cause it looks cool.

Shut it down already (original)
Guest
Shut it down already (original)

Demographics and time are China’s enemies. If they want to challenge the US they will have to act fast.

China’s Population Shrinks Despite Two-Child Policy, Say Experts

https://www.ndtv.com/world-news/chinas-population-shrinks-despite-two-child-policy-say-experts-1972151

Laibach
Member
Laibach

Certainly, it shrinks at home when they strategically breed offshore as per command.

The study shows birth tourism much more prevalent in Canada than reported by StatCan

https://globalnews.ca/news/4689506/birth-tourism-canada-data/

Canada is for Canadians
Guest
Canada is for Canadians

IDK why the feds are dithering on this issue. They could stop it today f they wanted to.

bullwhip29
Guest
bullwhip29

NY Times: ‘Birth Tourism’ Is Legal in Canada. A Lawmaker Calls It Unscrupulous
https://www.nytimes.com/2018/12/31/world/canada/china-birth-tourism.html

Doomcouver
Guest
Doomcouver

The China bubble is real. Massive wealth destruction will happen when their credit market collapses in on itself.

Shut it down already (original)
Guest
Shut it down already (original)

And then all the citizens of convenience will come back to Vancouver to milk our social programs.

Doomcouver
Guest
Doomcouver

Unlikely, one of the first things the Chinese government will do is restrict travel. Only a handful of wealthy elites will be allowed out, and most of those already have houses and satellite families overseas. It’s even possible the government will start pressuring these individuals to liquidate all their foreign holdings to shore up things in China.

SilentBob
Guest
SilentBob

Thirteen Canadians have been detained in China since Huawei executive’s arrest, says Ottawa
https://www.theglobeandmail.com/politics/article-thirteen-canadians-detained-in-china-since-huawei-executives-arrest/

Where’s Trudeau?

patriotz
Member

“Where’s Trudeau?”

Maybe the same place as Trump after Russia arrested an American in retaliation for the conviction of NRA Maria. And remember the US is bigger than Russia.

YVR
Guest
YVR

Trump has already implemented massive sanctions agaist Russia. Trudeau has done nothing.

patriotz
Member

“Trump has already implemented massive sanctions agaist Russia. Trudeau has done nothing.”

Canada has the same sanctions against Russia as far as I know, implemented under both Harper and Trudeau. So what do you think the Americans should do now to get that guy arrested in Russia released?

YVR
Guest
YVR

“Canada has the same sanctions against Russia as far as I know”

False. Besides it is irrelevant to Trudeau doing nothing to China for kidnapping our citizens. If you want to defend the drama teacher for his love of China and pathetic weakness with dealing with anyone, at least come with some relevant argument.

Canada is for Canadians
Guest
Canada is for Canadians

Canada should suspend all visa applications from china until all Canadian hostages are released back to Canada. Thee next step would be to expel all china diplomats. The next step would be to ban all travel to/from china.

patriotz
Member

“Canada should suspend all visa applications from china… etc.”

You mean Canada should stop Chinese from spending their money here? You think the people running China are going to have a problem with that?

franko
Member
franko

” You mean Canada should stop Chinese from spending their money here? ”

You mean by buying up and exploiting our resources? By driving up the cost of our real estate? By buying $150k foreign cars for their kids that they can race on our streets at 160 kph? By clogging up our hospitals to give birth to their kids? Gee, let me think…in a fucking heartbeat, regardless of whether the people running China are going to have a problem with that or not!

YVR
Guest
YVR

This is how left wing nut bars like Patriditz think. They love communists.

patriotz
Member

“They love communists.”

The people who love communists are those who make a living selling things to them. I’m not one of them.

Getting back to the original point, I am waiting for an explanation of how anyone thinks stopping Chinese from spending money in Canada is going to get those people released.

Slava
Member
Slava

China will run out of Canadians to imprison, long before Canada does. How’s that?

YVR
Guest
YVR

“The people who love communists are those who make a living selling things to them. I’m not one of them.”

Maybe you are not selling anything to them but you are defending and endorsing those that do and are in love with Trudeau who enables them. Worse IMO.

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

Says the clown who defends and endorses racism.

patriotz
Member

“This is how left wing nut bars like Patriditz think. They love communists.”

For the benefit of anyone interested in evidence, here is a sample of my views on communism.

“Countries are political entities. Disliking a country’s political culture isn’t racism. Saying North Korea is a hellhole because of Communist rule isn’t racism, but saying it is a hellhole because it’s Korean is. You may also apply that to its larger neighbours.”

http://vancouvercondo.info/2015/07/friday-free-for-all-254.html#comments

YVR
Guest
YVR

The same guy who a week ago defended Trudeau for stating he loved China and thinks a totalitarian dictatorship is the best way to solve the worlds problems like climate change.

patriotz
Member

“The same guy who a week ago defended Trudeau”

In fact I posted Trudeau’s comments verbatim without comment.

http://vancouvercondo.info/2018/12/saturday-free-for-all-5.html#comments

Oracle
Guest
Oracle

Patriotz needs to be reported. Rooting for another country that has our hostages ALL while working for Canada’s Federal Government.

Specuskeptic
Member

[picks up phone]
Gov’t of Canada Official: Hello – Government of Canada
Person reporting Patriotz: Hello. I’d like to report a treason. A poster called Patriotz said reasonable things on the internet and I’m butthurt.
Gov’t of Canada Official: *click

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

Another failed fishing expedition from Oracle. Sad!

Slava
Member
Slava

Only realtor, mortgage broker, and developer shills would be crying and soiling their underwear:)

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

That’s right fuckwit franko, every immigrant buys a $150K car and none of them are actually working night shifts cleaning the hospitals you claim are “clogged up”. Real estate has been driven up by greedy locals, and I’ve no idea what resources you think are being exploited (or how).

You just be quite the fucking loser.

Slava
Member
Slava

SIDA, please don’t have a nervous breakdown on this board, as no one could care less.

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

Hush now, loser.

YVR
Guest
YVR

“every immigrant…”

That is the only argument you can come up with? It is not every single one of them destroying our country so we should accept the ones that are? Nobody said it was anything close to every single immigrant. Although from a certain shithole country it is close.

Best place on meth
Member
Best place on meth

Compulsive lying and moving the goalposts are his #2 and #3 specialties.

#1 is hypocrisy because he accuses others of #2 and #3 all the time.

Not to mention bitching about slurs while hurling non stop insults (see #1 again).

I don’t understand how anyone here can see even one redeeming quality in this individual.

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

You should re-read fuckwit franko’s post again if the original context was at all unclear to either of you.

Slava
Member
Slava

Most locals here would love that…Just saying.

Oracle
Guest
Oracle

what do you have against Canada Patriots? Why you working hard to denigrate it?

Change your moniker.

Oracle
Guest
Oracle

Finally someone who gets it. This is treason by Trudeau.

If we don’t draw a line in the sand here, we will never be able to. We will be pushed backwards until we are in control by the China government.

bullwhip29
Guest
bullwhip29

not only did he end up getting his nuts stuck in a vice, Xi has his hand on the crank while Trump has his finger on the switch which controls the trap door upon which the vice is set. therefore, he has no good moves with respect to the Meng situation and can only hope and pray Trump does an about-face of the absurd variety and just let her walk. of course, in the process he would effectively be closing the curtains on his so called career in politics and make us all wonder what the eff the point of this whole exercise was in the first place. (translation: this ain’t gonna happen and this story has many more chapters to go…so buckle up and maybe cash in some chips today)

Canada is for Canadians
Guest
Canada is for Canadians

Huawei punishes employees for iPhone blunder

https://globalnews.ca/video/4815483/huawei-punishes-employees-for-iphone-blunder/

In the worker’s paradise that is china they are punished for using superior technology that the central planners cannot use to spy on their employees.

southseacompany
Member
southseacompany

“Vancouver Real Estate Officially Enters A Bear Market For The First Time Since 2013”, Better Dwelling

https://betterdwelling.com/city/vancouver/vancouver-real-estate-officially-enters-a-bear-market-for-the-first-time-since-2013/

“Prices are still very high for the region, but fundamentals are deteriorating. Sales have dropped far below typical numbers seen in December. At the same time, more people are trying to sell their home than normal. The combination usually has further negative consequences for prices.”

southseacompany
Member
southseacompany

“It’s not just Vancouver: Property market slump goes global, jolting cities from Hong Kong to Sydney”, Financial Post

https://business.financialpost.com/real-estate/property-markets-from-hong-kong-to-sydney-join-global-slump

Doomcouver
Guest
Doomcouver

2008 was just a taste of what a global real estate collapse might look like. The next one will be bigger and more widespread.

Canada is for Canadians
Guest
Canada is for Canadians

Chinese Dumped $1 Billion of U.S. Real Estate in Third Quarter, Extending Recent Retreat

https://www.mansionglobal.com/articles/chinese-dumped-1-billion-of-u-s-real-estate-in-third-quarter-extending-recent-retreat-116204?link=TD_nypost_articles.7c7e0f416376f79f&utm_source=nypost_articles.7c7e0f416376f79f&utm_campaign=circular&utm_medium=MANSIONGLOBAL&locale=

“Chinese investors unloaded more than $1 billion in U.S. real estate in the third quarter, extending their recent retreat from hotels, office buildings and other foreign property under pressure from Beijing to reduce debt and curb money sent abroad.”

>>> Anbang will sell the Bentall towers and probably the care homes they own in BC as well.

Best place on meth
Member
Best place on meth

It’s heartwarming seeing the words “chinese” and “retreat” together.

The only thing that could make that the perfect trifecta is adding “massacred”.

bullwhip29
Guest
bullwhip29

B.C. government reduces or eliminates deductibles for many Fair Pharmacare clients
https://vancouversun.com/news/local-news/b-c-government-reduces-or-eliminates-deductibles-for-many-fair-pharmacare-clients

>>> another win for the students and housewives…surely some clever souls now looking at this as another lucrative business opportunity

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

I pity the person who reads an article about people skipping prescription drugs due to the cost and tries to use it (without any basis) to have yet another dig at Chinese. So pathetic.

Slava
Member
Slava

No one is interested in who you pity….

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

Incorrect.

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

Its true.

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

Well then, that changes the situation entirely. Thanks for speaking up!

YVR
Guest
YVR

The only person who said anything about Chinese was you.

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

Oh my, aren’t you the clever one?

Hyper-mega-Bull
Member
Hyper-mega-Bull

wait, so you’re telling me that governments aren’t going to take actions that everyone knows will destroy the economy? !?!

Fed Chairman Powell Sees Flexibility on Rates This Year
Stocks rally after chairman says central bank isn’t on a fixed path to push benchmark rate higher

https://www.wsj.com/articles/fed-chairman-powell-sees-flexibility-on-rates-this-year-11546616769

YVR
Guest
YVR

Another round won by Trump. Powell is conforming.

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

Powell knows that the trade war is a drag on the economy, and he’ll obviously continue to set rates as he sees fit independently of an bridiculous attempts at interference. He’s even said he’ll not resign if asked – clearly thumbing his nose, not conforming.

If you see inflation move far from the target rate and stay there then you might just have an argument that they’re bending to his will. But if the bank is doing its stated job, which it clearly is, then calling it a victory for Trump is just another example of your hilarious, yet always cute, cheerleading.

As an aside, don’t you think an artful dealmaker could acheive their budgetary goals without having to shutdown the government or threaten to keep it shut down for years? What’s skillful about that negotiating tactic in your opinion?

YVR
Guest
YVR

A good negotiator puts pressure on the other side to come to the table to make a deal. Trump did it to Trudeau. Remember Trudeau was supposed to just wait Trump out on NAFTA? He gave in to what Trump wanted rather quickly, now didn’t he. Trump did it to North Korea with unprecedented sanctions and threat of military action. Trump has China on its knees with their economy about to collapse. The Democrats have caused the shutdown by not coming to the table. Trump will crush them just like he did the others.

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

A good negotiator gets what they want effortlessly without resorting to such measures. He’s unable to get what he wants because of his inability to understand the motivations of those he’s negotiating with. It’s a massive fail.

Should I take your lack of reply about Powell as you conceding the point in your usual gracious manner?

YVR
Guest
YVR

“A good negotiator gets what they want effortlessly”

Nobody gets what they want effortlessly other than those entitled criminals we have imported to Metro Vancouver which you are probably one of. Anything worth getting must be worked for and that is what Trump is doing. Both parties in the US have been trying to reform immigration and secure the border for the past 35 years. Nobody has got it done through your so called effortless negotiations now have they. In fact Obama accomplished nothing in 8 years other than double the debt. Waite and watch as you get another of your predictions wrong. Trump will the one who gets the border secured.

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

A highly skilled negotiator would find it effortless by definition. I’ve made no prediction here, either. That’s just yet another demonstration of your dishonesty. Your comments about Obama are another. I’m simply saying that somebody who claims to be expert dealmaker should have achieved their goal by now with resorting to throwing a tantrum. And that’s an indisputable fact.

YVR
Guest
YVR

“Should I take your lack of reply about Powell as you conceding the point in your usual gracious manner?”

Sorry I did not respond to your rambling nonsense. Powell just did exactly what Trump wanted. Again Trump won. The markets yesterday proved it.

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

Powell is responding to economic conditions, not the toddler’s non-stop whining and attempts to interfere with monetary policy. The fact that his words happened to be more aligned with Trump’s goals is merely coincidental, evidenced by the fact that he will not resign if asked.

Perhaps that’s your mistaken idea of “conforming”, however.

paulb
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http://www.clivestevepaul.com

Oracle
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Oracle

I’m thinking if Trump is ever jailed, civil war would break out in the USA. Can you imagine 20,000,000 million angry supporters ?

I think Trump knows this.

What you guys think?

Best place on meth
Member
Best place on meth

I think the rabid, drooling leftists dreaming of jailing him are the dumbest shits in the history of the USA.

Even impeachment isn’t going to happen.

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

I’d say imprisonment odds are low very, but not zero. Divorce is definitely on the cards, however. Sad!

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

“very low”

Best place on meth
Member
Best place on meth

Shifting the goalposts again?

Divorce now?

Even the pyscho bitches the Democrats just brought on board didn’t sink as low as to bring up divorce as something to be gleeful over.

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

What goalposts are being shifted? The topic is subjective, and I stated quite clearly my opinion on the odds of imprisonment or impeachment (both of which are still possibilities, of course). You’re really not very good at this, are you?

Best place on meth
Member
Best place on meth

Why not attack his son Barron while you’re at it?

Seems like the kind of lowlife approach you’d have no problem taking.

Doomcouver
Guest
Doomcouver

He won’t get indicted until after he stops being president. They have enough dirt on him to put him behind bars post-presidency though.

YVR
Guest
YVR

Man people are dumb. You go to jail for committing a crime you are convicted of. Not false accusations by fake news and political spin by the opposition party and their allies only a fool would believe. Besides Trump will be president for another 6 years.

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

Nobody is about to start a civil war over the most unpopular president in living memory.

YVR
Guest
YVR

Thanks for fake news but Trumps approval rating is about the same as Obama overall and his approval rating for just Republicans is the highest in recorded history. If there was a civil war which side would win? The ones with the guns or the ones who are scared of guns?

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

Presently his approval is about the same as Obama’s was at the same phase of his presidency but it would be rather stupid to look at a single moment in time, wouldn’t it?For all but the last couple of weeks Trump’s approval rating has generally been lower than any president in living memory, and certainly lower than GWB’s was at any point in his first two years.

Bleat “fake” and try to twist the facts as much you like, though.

But to address your dumb question the people who would win would be those backed by the armed forces and international allies, not some disorganized rural folk with rifles and red baseball caps who are easily outwitted.

You probably think Apple’s stock is up “hundreds of percent” since 2016, too, I would wager.

YVR
Guest
YVR

“Presently his approval is about the same as Obama’s was at the same phase of his presidency”

So Trump is not the “most unpopular president in living memory” then is he? Approval ratings are for the most part manipulated by the media and irrelevant. Still Trump looks better than most. Trump didn’t have the media fawning over him like Obama or Clinton. Clinton’s job approval rating was 36% in 1993 in his first year. Lower than Trump. George W Bush had approval ratings as low as 22% again way, way lower than Trump ever has been. Only 911 kept Bush up. In Reagans second year he was about 40% which lower than Trump at the same point. Those are the facts.

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

Again, I’m referring to the aggregated approval over his term so far. Not a random instant in time.

Life must be really hard for you.

YVR
Guest
YVR

“But to address your dumb question the people who would win would be those backed by the armed forces”

You think the armed forces would side with the democrats? Man you are out of touch.

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

I’m suggesting that a civil war wouldn’t be split along simplistic party lines. Sorry if it’s confusing you.

Shut it down already (original)
Guest
Shut it down already (original)
franko
Member
franko

Total US jobs gain was a whopping 312,000. That works out to 0.10% of their population, while Canada’s jobs gain of 9,300 works out to a lousy 0.025% of our population (a quarter of the US number per population).
Way to go Justine.

Doomcouver
Guest
Doomcouver

Add to that most of the Canadian job gains are in low paying service jobs. Also wage growth is under-performing inflation. There’s nothing to celebrate about getting these 9300 more jobs. This just shows that Canada’s economy is extremely fragile, and any contraction in the credit and real estate markets will mean massive job losses and high unemployment. We can thank a severe case of Dutch disease for our current predicament.

YVR
Guest
YVR

“Add to that most of the Canadian job gains are in low paying service jobs.”

But those are valuable jobs at great places to work such as Tim Hortons and A&W. Plus the added bonus is the proliferation of those wonderful restaurants which adds so much to the vibrancy of our cities and our culture. I love the 10 different Tim Hortons and A&W within walking distance to me in downtown Vancouver. Hopefully we can keep this economy growing with real estate and fast food related jobs. Only a genius like Trudeau could engineer such an economy.