Liberals could help millennials buy homes

Real estate sales are good for the economy, but what happens when prices get too high for young family incomes and borrowing costs increase?

Perhaps it’s time for the Government to step in?

Finance Minister Bill Morneau said earlier this week Ottawa is exploring measures to make home ownership affordable for more millennials, a generation made up of people who are now in their mid-20s to late-30s.

Morneau didn’t elaborate on what options he’s considering, but Canadians could learn more in the coming weeks when he releases an election-year budget that will also lay out Liberal platform commitments.

Major political parties have already started positioning themselves on the complex area of housing affordability. It will likely emerge as an important campaign issue ahead of October’s federal election, and the challenges of millennials and first-time buyers could attract a lot of attention.

Some lenders have ideas for some helpful changes:

“There’s a lot of folks that just don’t qualify to purchase anymore at the bottom end of that ladder,” said Paul Taylor, president and CEO of Mortgage Professionals Canada.

Taylor said the stress tests have succeeded in taking some of the froth out of the market and he believes the time has come for Ottawa to loosen them. In recent meetings with federal officials, he said he has recommended the reintroduction of insurance on 30-year amortization mortgages as a targeted way to help people at the lower end.

The coming weeks would be a good time for some changes with the busy spring season is approaching, he said.

“If we have another cool spring market, that’s going to have serious knock-on effects to the economy,” said Taylor, who was encouraged by Morneau’s comments.

Read the full article here.

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

Street celebration aims to strengthen Richmond community bonds

“The community is not very harmonious right now. People often refer to Chinese people as selfish, evading tax, money laundering…I’m very concerned because that’s not what all Chinese people are like,” said Linda Zhang, a Richmond resident and one of the event organizers.

https://www.richmond-news.com/community/street-celebration-aims-to-strengthen-richmond-community-bonds-1.23593831

An annual celebration of Chinese New Year, organized by a group of local residents, will return to Richmond-Brighouse Skytrain Station on Feb. 3, where free food, gifts and performances will be provided.

Doomcouver
Guest
Doomcouver

Not all Nazis gas Jews either. What exactly is their point?

Hyper-mega-Bull
Member
Hyper-mega-Bull

i’m glad these people want to engage with the community and see that there are issues that need to be countered.

this is an observation and not a criticisms: it’s interesting that they are so open and upfront about their motivations. they are doing this to improve their image. it’s PR. it shows that there are deep differences in the way people see themselves, their role in society, and their responsibility to the community.

Best place on meth
Member
Best place on meth

They’re promoting Canadian values so that’s positive.

More people like this are needed to push back against the “motherland” types who are shitting on our country.

Dave
Member

I’d go if they gave out free salt.

bullwhip29
Guest
bullwhip29

is this Linda Zhang the “selfish, tax evading, money launderer” realtor working at New Coast or Metro Edge or Le Homes or whatever bs front name they are using these days?

southseacompany
Member
southseacompany

Shades of 2006:
“David Dodge criticizes CMHC for ‘unhelpful’ actions” CBC, Oct 30, 2006
https://www.cbc.ca/news/business/david-dodge-criticizes-cmhc-for-unhelpful-actions-1.616263

“Bank of Canada Governor David Dodge angrily criticized the Canada Mortgage and Housing Corp. for bringing out new products that he felt would increase inflationary pressures, a just-released letter shows. “I read with interest and dismay your press release of June 28 which indicated that CMHC would offer mortgage insurance for interest-only loans and for amortizations of up to 35 years,” Dodge wrote in the letter. “Particularly disturbing to me is the rationale you gave that ‘these innovative solutions will allow more Canadians to buy homes and to do so sooner.'”

“Dodge said the new lending policies were likely to drive up house prices, making them less affordable””

Doomcouver
Guest
Doomcouver

Exactly, handing out free money to people does nothing for affordability, it just makes mortgages bigger, and houses more expensive. We needed demand-side curbs, not demand-side incentives. Country-wide higher taxes on 2nd homes and foreigners would have been a smarter idea to make housing more affordable, and would likely have deflated the bubble before it got started.

DaMann
Member
DaMann

Dodge was one of the best BoC Govs we ever had. Can’t we get him back?

He said these things back in 2006. And look what happened, house prices sky rocketed. It’s all pretty basic common sense. So why the fuck are most of our policy makers so damn stupid.

Burt
Guest
Burt

They’re not – the folks with money are the landowners. Pension funds, wealth funds, etc. This is the same reason Christy Clark was in China reassuring business there her government wont do anything to devalue their land holdings, while at the same time campaigning on affordability and families first.

southseacompany
Member
southseacompany

And shades of 2015, too;

“Stephen Harper wants to add another 700,000 homeowners in Canada. Is that what we really need?”, Financial Post, Sept 29, 2015
https://business.financialpost.com/personal-finance/mortgages-real-estate/stephen-harper-wants-to-add-another-70000-homeowners-in-canada-is-that-what-we-really-need

“The party boldly predicted the country will add another 700,000 homeowners and increase the percentage of Canadian households that own their property from 70 per cent to 72.5 per cent But the question some critics are quick to ask is whether we actually want so many people owning their homes, with some pointing to the housing crash in the United States that happened almost a decade ago”

“Said David Madani, an economist with Capital Economics. “The problem is the only real two markets that are holding up are Vancouver and Toronto. Do you want home ownership to go up in those two markets? These are the markets that are the most overvalued.”

southseacompany
Member
southseacompany

One politician did get it:
“Maxime Bernier: How the central bank eats your money”, National Post, June 8, 2010
https://nationalpost.com/full-comment/maxime-bernier-how-the-central-bank-eats-your-money

“Remember: we had the dotcom bubble at the end of the 1990s. When that crashed, the Federal Reserve pushed down interest rates to as low as 1%. If you factor in the level of inflation, real interest rates were actually negative. This is the same as subsidizing people to encourage them to take loans. We then got another bubble, which was made bigger by the policies of the U.S. government. It encouraged banks to extend risky mortgages to insolvent borrowers; and it encouraged people to take up these mortgages and buy houses that they could not really afford.”

YVR
Guest
YVR

“One politician did get it: Maxime Bernier”

Actually he still gets it. On pretty much everything. He would make the perfect PM.

Best place on meth
Member
Best place on meth

Bernier is the ONLY real choice.

Slava
Member
Slava

Thank you very much for this. Thus should NEVER be memory holed, and brought up firmly when dealing with the current disconnect, ignorance, and wishful thinking.

Slava
Member
Slava

*This

StupidityCheck
Guest
StupidityCheck

Thanks for making that incoherent comment slightly less grammatically incorrect.

stagnate
Guest
stagnate

I remember on this very blog more than ten years ago advising people’s of the effects of the cmhc, hot asian money and unrelenting immigration. of course the best solution for housing affordability is lower prices but we’re in the midst of a multigenerational battle here.

Doomcouver
Guest
Doomcouver

On the “unrelenting immigration” point, our net migration is actually much lower now than it was in early 2000’s. It’s not just a story of how many immigrants come in, it’s also about how many people leave. Canada’s net migration could easily turn negative very soon as we are due for a very deep recession, while the USA has a generally strong economy. Recent immigrants don’t generally stick around when they find out there’s no jobs, and falling housing prices.

Canada is for Canadians
Guest
Canada is for Canadians

Canada can’t even fill its 300,000 a year immigration quota. And many more uncounted leave out the back door.

Doomcouver
Guest
Doomcouver

Exactly, the “tsunami of immigrants” as a justification for ridiculously high housing prices doesn’t make logical sense when you actually look at our population growth from a historical perspective. Not only are we not making the existing quota, we do a poor job of keeping the immigrants in Canada as well. The sad truth is Canadians are to blame for high housing prices in the vast majority of the market. It’s only the irrational fear of wealthy immigrants that drives the price growth.

Slava
Member
Slava

The cause of ridiculously high housing prices in BC especially Metro Vancouver, is the Han Chinese Colonization of the city for the past two decades, courtesy of the local entitled short sighted greedy baby boomer and their establishment.

The knock on effect, are the retarded FOMOs, who have needlessly contributed to fueling the fire.

Laibach
Member
Laibach

!00% correct, no more no less!

Doomcouver
Guest
Doomcouver
Yes it’s a systemic emotional effect that wealthy Chinese migrants are having. I mean, at the high end of the market in downtown Vancouver, Kitsilano, UBC, etc. you were competing directly with a ton of HAM up until recently. That doesn’t account for the massive price appreciation we’ve seen country-wide, or even in less desirable areas of Vancouver. There are two contributors that have elevated the entire market. That is local FOMO’s, and foreign wannabe-wealthy FOMOs. The latter isn’t something people talk about a lot, but there is a large cohort of foreigners and recent immigrants that are using a massive amount of leverage to enter the market with very little actual wealth. This group is one we should be especially scared of because they will cut and run rather than attempt to pay back an underwater mortgage on multiple… Read more »
Dave
Member
I think the question we all have to ask is how long can we continue doing this and kick the can down the road? We about 20 years into this now. Is it crazy to think it can continue for another 20? I’d love to see this market crash as much as anybody, but I think a soft landing is a very real scenario and the most likely one. I think our previous stagnation call was early. I think that’s the likely outcome for the next 10 years. Real estate markets go through long periods of bull markets, long periods of stagnant markets, but only short periods of corrections. We’re already well into this correction from a time point of view and we haven’t crashed. Maybe the downturn is gaining momentum, but if history is a guide, I don’t think… Read more »
Hyper-mega-Bull
Member
Hyper-mega-Bull

i’ve said before that china sees it’s self as the worlds only sovereign nation.

Retaliation shows China has no respect for Canadian sovereignty

https://ipolitics.ca/2019/01/04/retaliation-for-arrest-shows-china-has-no-respect-for-canadian-sovereignty/

YVR
Guest
YVR

China has no respect for anything. That pretty much sums it up.

Best place on meth
Member
Best place on meth

Money, power, and ……..

Ok, I can’t find a third thing they respect.

Laibach
Member
Laibach
Doomcouver
Guest
Doomcouver

From a historical perspective, Canada’s population growth is not growing at a fast pace. In the 1960s it was roughly 3 times higher in terms of growth than it is now. Even the 90s had significantly higher population growth. The main issue is that Canada is an awful place for the working class. We have ridiculous costs of housing, food, and transportation, high taxes, and poor wages. What that means is many immigrants either come here temporarily to go to school, or work a temp job, then they find out what it’s like and will leave. The only working class people that would think it’s an attractive destination are low-skill workers from 3rd world countries, and those aren’t the type of immigrants Canada generally lets in.

Dave
Member
I agree with this. I think the differences between countries has been shrinking and will continue to shrink over time. Pretty much every country now has modern cities. I also think the Middle Class in North America has been seriously damaged and I don’t think it’s going to get fixed. The Middle Class is splitting in half: a smaller Middle Class; and, a Consumer Class. The Consumer Class will be people who have jobs, can buy modern goods (like iPhones, Starbucks), go on vacation (to cheap destinations), but don’t make enough to accumulate wealth. As time goes on, it will be harder and harder to be in the Middle Class. You’ll have to be a Professional or a business owner, people that historically were more Upper Class. It will be very hard for immigrants to make their way into the… Read more »
Hyper-mega-Bull
Member
Hyper-mega-Bull

chinese come here to retire, not work.

Slava
Member
Slava

Anybody holding on to the fallacy that 3rd world immigrants, which are the majority coming here, can afford to buy real estate to somehow keep this ridiculous shit show going, are severely deluding themselves.

Only the Han Chinese Majority now a population majority in many parts of Metro Vancouver are responsible, as real estate prices are set for what only the Chinese Market can bear, and for those that sold out to them.

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

Nobody is claiming that 3rd world immigrants are buying real estate here, dipshit.

StupidityCheck
Guest
StupidityCheck

At some point, the middle-class will be fixed. It’s either that, or the pitchforks will come out.

I think people are finally getting the fact that all these pro-business, pro-rich, anti-worker policies have totally fucked the average person.

Make Trudeau a Drama Teacher Again!
Guest
Make Trudeau a Drama Teacher Again!

And all of these people you speak of (as well as almost of this blog) voted Liberal.

Did Mr. Dress up do anything for you? Any change for the middle class?

StupidityCheck
Guest
StupidityCheck

Turd is useless. For real change, someone like Elizabeth Warren or FDR needs to be in charge — with a legislative majority.

Best place on meth
Member
Best place on meth

Pocahontas is who you want as a leader?

Fake Indian, liar, impostor, hypocrite….are you joking?

Doomcouver
Guest
Doomcouver

I agree, I feel the middle class will return, but only after the cost of labor normalizes (whenever that happens). The effect that cheap Chinese labor has had on the rest of the world is substantial, and has devalued labor a lot in western countries. Once that demographic bubble inevitably implodes, then the value of labor will go up, and the value of dead-money assets like gold and housing will be depressed.

Dave
Member

It’s not coming back. The Middle Class was a historic aberration. It’s doesnt exist in most countries to the extent it did in North America. Pitchforks have nothing to do with it. Look at all the political revolutions that have occurred in the last couple decades. None has resulted in a Middle Class.

Best place on meth
Member
Best place on meth

North America?

The middle class is even bigger in Europe, ie pretty much 100% of the population in many countries.

At least that was the case before the floodgates opened to migrants from the middle east.

Dave
Member

I’ll give you Scandinavia, Germany, Holland, Switzerland and Britain. I think the middle class has been struggling quite a bit in the rest of Europe.

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

You’ve clearly never been to any of those places.

Dave
Member

I’m a British citizen and yes I’ve been to most of Europe. How can you be Middle Class when the cars and fridges are so small? Most there are Small classs not Middle class.

When I first went to Spain in the 90’s, I thought I was in a third world country. Youth unemployment in Southern Europe is likely half.

Doomcouver
Guest
Doomcouver

Yes the middle class is severely damaged in many countries including Canada. Unfortunately it’s going to get worse before it gets better because much of the middle class “wealth” is tied to the price of real estate. Once that goes then the middle class is going to get completely eviscerated. The millenial generation is going to be thought of as the “flat-broke generation” in years to come because they were hit with the triple-punch of low wages, high housing prices, followed by the biggest collapse of housing prices our country has ever seen.

You are right though, the reasons to emigrate to Canada are disappearing by the day. Once our housing market deflates anyone with an economic motivation for emigration will steer well clear of us.

realist
Member
realist

“The millenial generation is …the “flat-broke generation”… because they were hit with the triple-punch of low wages, high housing prices, followed by the biggest collapse of housing prices our country has ever seen.”
Well put. No real wage increases for the masses since the 1970’s, while those 40 years have seen massive asset price inflation, especially RE. The so-called working classes have already been largely destroyed in North America by de-industrialization, off-shoring, and immigration driving down wages. The middle classes are the next course at the Globalists’ Big Feast.

Burt
Guest
Burt

I don’t disagree, but I have to say its a little frustrating reading the same refrain around here.

Not aimed at you specifically, but if you guys bother to travel around, or even Google the issues of any desirable City/Country around the world – the whole developed world is in a housing crisis, and a crush the middle class crisis.

Google about Dublin, Lisbon, London, Sydney, Melbourne, Hong Kong, San Fran, LA, New York.

Any of these Cities are an absolute nightmare unless you come with money. This is simply the new world order.

The terrifying truth? Canada is still among the best – you think Vancouver is tough for the young crowd now? You aint seen nothing yet.

Royce McC
Guest
Royce McC

Agreed that those other cities you mention have similar problems with housing affordability – and the reasons for this can be very similar – but I’m not sure I agree with the idea that Canada is still a better option than those other places. The US cities you list, for example, are price-y as hell, but compensation in many sectors is way better (and career opportunities are much more abundant). That to me is what has always made Vancouver standout relative to other “world class” cities for cost madness. This place is NYC prices on Halifax incomes.

When it comes to the affordability crisis, Vancouver is a crap dessert. But, while the cake part is baked out of a global debt mess, the gobs of thick frosting are made from delusion and magical thinking created in our own backyard.

Doomcouver
Guest
Doomcouver

Agreed, you highlight the false equivalency that people love to trot out about Vancouver. “Well *insert expensive city here* is expensive too”. Vancouver is like the 7th largest economy in Canada. We’ve got world-class-city prices with a backwater economy.

Doomcouver
Guest
Doomcouver
Not entirely accurate. The reason why other cities are experiencing a housing crunch in tandem is due to the global credit bubble, not because “world class cities are expensive”. Yes, they have always been historically expensive, but the overvaluations are at the extremes now thanks to excessive global liquidity being drawn to speculative bets on real estate. Why real estate? That’s partly because there’s currently no stigma for using excessive leverage to buy housing. If you use 20:1 leverage to buy 4 houses, no one bats an eye. If you use 20:1 leverage to buy shares in Google you are a stark raving lunatic. After the dot-com crash, people around the world were also looking for something safe and with a good ROI. Thus began the self-perpetuating ponzi scheme mania of housing as a lucrative investment.
YVR
Guest
YVR

“Canada now brings in more refugees than the U.S.”

The only people dumb enough to vote for Trudeau. Plus he gets superstar status with the Globalist feminists. Who care if he destroys Canada. The trust fund can be taken anywhere.

xyz
Guest
xyz

“If we have another cool spring market, that’s going to have serious knock-on effects to the economy,” said Taylor, who was encouraged by Morneau’s comments.

My take:
If we have another cool spring market, house prices will continue to fall, thus becoming more affordable for millennials and everyone else. The market does not need more government meddling…piled on top of a decade of loose lending.

KickThemOut
Member
KickThemOut

Washington and Beijing ‘miles and miles’ from trade resolution, says US Commerce Secretary Wilbur Ross
https://www.scmp.com/news/china/diplomacy/article/2183555/washington-and-beijing-miles-and-miles-trade-resolution-says-us

KickThemOut
Member
KickThemOut

George Soros calls China’s President Xi Jinping ‘the most dangerous opponent of free societies’ due to face recognition AI and social credit plan
https://www.scmp.com/news/world/europe/article/2183562/george-soros-calls-chinas-xi-jinping-most-dangerous-foe-free

Hyper-mega-Bull
Member
Hyper-mega-Bull

china unites the left and the right!

Doomcouver
Guest
Doomcouver

Unites them in labor camps maybe…..

Best place on meth
Member
Best place on meth

China supports Maduro.

Make Trudeau a Drama Teacher Again!
Guest
Make Trudeau a Drama Teacher Again!

Says George Soros the second most dangerous.

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

You probably believe in pizzagate, too?

Best place on meth
Member
Best place on meth

Pizzagate is as dumb a conspiracy theory as Russian collusion.

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

“I never said there was no collusion” – Trump’s TV lawyer.

But yeah, aside from that they’re totally the same.

YVR
Guest
YVR

Pizzagate would be a minor infraction compared to the real crimes Hillary has committed. Bill Barr is coming. No reason for made up crimes. The real ones will finally be prosecuted against Hillary and other criminals in the former Obama regime.

KickThemOut
Member
KickThemOut

143 former China diplomats and academics write to Xi Jinping demanding Canadian detainees be freed

https://www.scmp.com/news/china/diplomacy/article/2183027/chinese-detention-canadians-unites-experts-19-countries-call

KickThemOut
Member
KickThemOut

Dolce & Gabbana advert completely ruined my career, says Chinese model Zuo Ye as she breaks her silence over race row

https://www.scmp.com/news/china/society/article/2183186/dolce-gabbana-advert-completely-ruined-my-career-says-chinese

KickThemOut
Member
KickThemOut

China is facing not just a trade war with the US but an assault on all fronts. Can it survive?

https://www.scmp.com/comment/insight-opinion/united-states/article/2183287/china-facing-not-just-trade-war-us-assault-all

Doomcouver
Guest
Doomcouver

China will survive, it’s bubble economy will not.

Best place on meth
Member
Best place on meth

PRC will not survive.

It’s days are numbered like the USSR, and it’s looking shakier by the day.

KickThemOut
Member
KickThemOut

A Chinese economic slowdown is good for the world. In time, it’ll be good for China too
https://www.scmp.com/comment/insight-opinion/united-states/article/2183316/chinese-economic-slowdown-good-world-time-itll

Doomcouver
Guest
Doomcouver

Good for the world like a decade after it happens. For the people that get to live through the short-term economic destruction, not so much.

KickThemOut
Member
KickThemOut

These are the Canadians who paid millions in bail for Huawei’s Meng Wanzhou, putting homes and retirement savings on the line
https://www.scmp.com/news/china/diplomacy/article/2178796/these-are-canadians-who-paid-millions-bail-huaweis-sabrina-meng

Doomcouver
Guest
Doomcouver

“Canadians”

Laibach
Member
Laibach

Lol, “Canadians”.

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

They’re Canadian citizens.

Deal with it.

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

We don’t consider them Canadians. Deal with that.

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

The law considers them be as Canadian as any idiot who believes that being born here gives them special status. Nobody cares what you think, loser.

YVR
Guest
YVR

“They’re Canadian citizens.”

Which underscores the how ridiculous our immigration system is. The same people the US is arresting for supporting terrorist countries and fraud we are gifting citizenship to.

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

Except they’re different people. Duh.

Best place on meth
Member
Best place on meth

Other than the realtor, I don’t see any info about citizenship status of the other bail posters.

Laibach
Member
Laibach

Absolutely correct, hence a laugh.

KickThemOut
Member
KickThemOut

Fucking savages!

China’s illegal ‘white monkey’ foreign models paid to bare skin and be gawked at as marketing prop
https://www.scmp.com/lifestyle/fashion-beauty/article/2183105/chinas-illegal-white-monkey-foreign-models-paid-bare-skin

Hyper-mega-Bull
Member
Hyper-mega-Bull

it’s amazing how isolated and insular china still is in 2019. it should be fascinating seeing how such a country who for hundreds of years has isolated its self join a global community that has shared ideas and progressed towards shared goals for humanity.

Laibach
Member
Laibach

It is a “bunker” mindset, being comfortable in holes and tunnels. One country, one big bunker. A big bunker with a bunker for bunker elite and many other bunkers around.

https://www.dailystar.co.uk/news/world-news/672970/China-War-Nuclear-Bunker-Deepest-Hidden-Secret-Command-World-3-US-Xi-Jinping-Missile-Army

On the second thought, even Richmond resemblance a bunker. Probably bunker contagion…

paulb
Member

New
162
Price Change
60
Sold
40
TI:11027

http://www.clivestevepaul.com

Ultra Bear
Guest
Ultra Bear

13,000 by Valentine’s Day?

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

V-day doesn’t exist in Metro Vancouver. Only Chinese New year.

Oracle
Guest
Oracle

March 1st may be 13,000 unless Meng is sent packing south.

Canada is for Canadians
Guest
Canada is for Canadians

Syrian refugee thanks Justin Trudeau at New Brunswick town hall

https://globalnews.ca/video/4887106/syrian-refugee-thanks-justin-trudeau-at-new-brunswick-town-hall/

>>> Turd is in his element here. A big love-in…

Doomcouver
Guest
Doomcouver

I’m fine with these types of refugees. She’s dressed like a westerner, speaks english, and has a good chance of integrating into our society as well as anyone else. Also Syria is a legitimate place to grant refugee status from. That whole family could easily be dead right now if they hadn’t fled. What would have been more funny is if she was in a hijab, and asked her father if it was permissible for her to speak.

Best place on meth
Member
Best place on meth

These are genuine refugees, unlike the caravans.

They’re also far more valuable immigrants than the tens of thousands who came in through the immigrant investor program.

Doomcouver
Guest
Doomcouver
Sprawling, resort-style estate relisted for $16.78 million: https://www.newwestrecord.ca/sprawling-resort-style-estate-relisted-for-16-78-million-photos-1.23611428 “A 0.1 per cent price reduction is not much in a softening luxury-home market, but that’s where this spectacular Richmond estate has been relisted, having failed to sell for $16.8 million in 2018. The vendor is presumably confident that this resort-style home will sell this year, as it comprises a stunning West Coast Modern house sitting on more than 19 acres of prime Richmond farmland.” Somebody must not have told these idiots that there’s new square footage restrictions on ALR, inherently making their ALR land less valuable. This is why listing prices are so sticky to the downside: you have hopeless dreamers like these that will continue to list at astronomical prices as the whole market is crashing around them. I could easily see this property losing 90% of its value when… Read more »
Best place on meth
Member
Best place on meth

Listing agent: Manyee Lui.

Since 1983, Manyee Lui (B.Sc. Math and Economics) has been selling real estate in Vancouver and has won numerous awards for Real Estate Excellence.
“It is a great privilege to live here on the West Coast, in such a diversely cultural society”

http://www.manyeelui.com/MeetManyee%26Team.ubr

Oh yes, I can see by her team how much she appreciates a “diversely cultural society”.

YVR
Guest
YVR

Properties like this should be seized, bulldozed and returned to farmers.

bullwhip29
Guest
bullwhip29

these folks were idiots for not building something larger when they had the chance to (at least in the short to med term)

plots of land with permits in place (under old guidelines) are being flipped and shuffled around as we speak

ultimately gravity will take effect and many parcels of ALR land will be rezoned

Bubble
Guest
Bubble

5537 CHANCELLOR BOULEVARD (assessed $7.7 million)
This property could have been sold a year ago for 8-9 million. Time is changing!

2019-Jan-22 Listed $6,988,000
2018-Sep-13 Terminated $7,988,000
2018-Jul-01 Expired $9,000,000
2017-Dec-27 Terminated $11,500,000
2017-Sep-16 Listed for sale

SilentBob
Guest
SilentBob

Finally an entry level home for the masses!

Simple Solution
Member
Simple Solution

https://www.cbc.ca/news/canada/british-columbia/granville-bridge-redesign-1.4991995

Maybe just shut down all the bridges? Those bike lanes will be super useful for 8 moths of the year where only a handful of people actually commute

Simple Solution
Member
Simple Solution

I mean this is a ‘world class city’… we have the PERFECT weather for year round commuting by bike and walking. ALSO super affordable for people to live close to work. Lets not forget all the great neighbourhoods with services close by.

DaMann
Member
DaMann

Exactly. This is moronic on two folds. First off adding more bike lanes to bridges for something that is used 3 months of the year. and the other being the concept of living close to work in a city where it’s impossible to afford a place. Bit of a contradiction there

Simple Solution
Member
Simple Solution

So you think it is unreasonable to cycle commute from south surrey to DT?

World Class City! only thing we are missing is world class jobs

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Trudeau attacks immigration “fear mongering” day after CBSA exposes human smuggling network

https://www.andrewlawton.ca/trudeau-attacks-immigration-fear-mongering-day-after-cbsa-exposes-human-smuggling-network/