A plan to not help affordability

southseacompany points out this article about Finance minister Bill Morneaus plan to ‘help‘ homebuyers.

“One of the things Finance Minister Bill Morneau did in the budget on Tuesday was to take steps to fix Canada’s home ownership problem. But who told him Canada has a homeownership problem?” 

“Homeownership rates in Canada are among the highest in the developed world. Even among young people, homeownership rates are high compared to our peers with more than 40 per cent of households led by people under 35 owning homes. And yes, even in Toronto and Vancouver, homeownership rates are high relative to those cities’ global peers.”

Read the full article here.

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Best place on meth
Member
Best place on meth

More-no would like to see CMHC extend a hand to potential home owners in grades 9-12.

He’ll match their allowances dollar for dollar.

Bag it and tag it
Member
Bag it and tag it

Norwegian students with parent collecting welfare and other benefits, would somehow claim a $1mil allowance.

stagnate
Guest
stagnate

in a nutshell the government is telegraphing that lower prices are an unrealistic or unwanted solution to the housing crisis.

Joe Money
Guest
Joe Money

Now that they will be co-investing in the real estate market the federal government will have a vested interest in keep prices from falling.

And if it does fall, the Canadian tax payer is the loser.

This sucks all around.

Thank you, Mr Morneu, for investing my tax dollars in the world’s biggest housing bubble… NOT.

southseacompany
Member
southseacompany

“$1M-plus Vancouver condo sales plunge by two-thirds”, Vancouver Is Awesome

https://www.vancouverisawesome.com/2019/03/20/million-dollar-vancouver-condo-sales-plunge/

“Sales of Vancouver condos above $1 million have plummeted by 66 per cent year over year, according to a report by Sotheby’s International Realty Canada, released March 20.”

southseacompany
Member
southseacompany

“Shared equity mortgage not much help for homebuyers in pricey Vancouver, says realtor”, CBC

https://www.cbc.ca/news/canada/british-columbia/realtor-deems-federal-shared-equity-plan-ineffective-for-vancouver-buyers-1.5065316

“The federal government’s attempt to help first-time home buyers enter the real estate market won’t help many would-be homebuyers in the pricey Vancouver market, a realtor says. “I think it’s more window dressing than anything,” said Steve Saretsky, realtor and author of real estate blog, Vancity Condo Guide.”

“”But this might do more to maybe stimulate the outlying areas maybe in the suburbs where where you can get a condo.””

southseacompany
Member
southseacompany

“Trudeau’s new housing measures could mute home sales until fall: RBC”, BNN Bloomberg

https://www.bnnbloomberg.ca/trudeau-s-new-housing-measures-could-mute-home-sales-until-fall-rbc-1.1232163

“New measures for first-time home buyers could keep Canada’s housing market at cooler levels until autumn, according to a report by Royal Bank of Canada.”

“The measures don’t come into effect until fall of this year, meaning some Canadians might hold off jumping into real estate until they can take advantage.”

southseacompany
Member
southseacompany

“Federal Reserve foresees no interest rate hikes in 2019”, Financial Post

https://business.financialpost.com/pmn/business-pmn/federal-reserve-foresees-no-interest-rate-hikes-in-2019

“The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad.”

bullwhip29
Guest
bullwhip29

A B.C. man won $1M in the lottery. His coworkers are now suing him for their cut
https://globalnews.ca/news/5079292/bc-lottery-lawsuit/

bullwhip29
Guest
bullwhip29

Budget’s real estate top-up could push up the price of cheaper homes
https://www.cbc.ca/news/business/budget-housing-millennial-1.5064021

bullwhip29
Guest
bullwhip29

Locally developed ride-hailing app Kater, which has the support of Vancouver’s taxi industry, will launch in a limited capacity at the end of this month
https://vancouversun.com/news/local-news/vancouver-ride-hailing-app-kater-to-test-launch-march-30

bullwhip29
Guest
bullwhip29

Richmond anti-racism award nominee accused of ‘discriminating’ against LGBTQ community
https://www.richmond-news.com/news/richmond-anti-racism-award-nominee-accused-of-discriminating-against-lgbtq-community-1.23670099

Ddhg
Guest
Ddhg

Two names, two identities, two public faces.

Duplicitous to their core.

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

One identity.

Laibach
Member
Laibach

Not condemning LGBTQ community is against Chinese national program of “conversion therapy”, hence accusing nominee of discrimination is rather racist.

https://www.cnn.com/2017/11/14/asia/china-lgbt-conversion-therapy/index.html

geo
Guest
geo

What race is a gay?

bullwhip29
Guest
bullwhip29

B.C. attorney general ‘heartened’ but cautious on federal anti-money-laundering initiatives
https://vancouversun.com/business/local-business/b-c-attorney-general-heartened-but-cautious-on-federal-anti-money-laundering-initiatives

Burnabonian
Member
Burnabonian

LOL…yeah cautious because Trudeau is doing what Eby declined to do

I’m not pro-Trudeau but at least he’s doing more than the Sweet Fuck All that we got from Eby.

bullwhip29
Guest
bullwhip29

i bet Eby’s cut of those funds will be smaller than most here want or expect. it is a big country. shenanigans galore even in Edmonton, Calgary, Regina, Saskatoon, Quebec, Montreal, Halifax and seemingly off the beaten track places like Charlottetown (i was there last summer, chinese students and fake businesses all over the place)

bullwhip29
Guest
bullwhip29

if we’re not careful PEI PNP 2.0 will happen here but in much greater numbers
https://www.welcomebc.ca/Immigrate-to-B-C/BC-PNP-Entrepreneur-Immigration/EI-Regional-Pilot-Community-Profiles

Best place on meth
Member
Best place on meth

“Trudeau is doing what Eby declined to do”

Turd has done fuck all and Eby has no leverage over CRA and Fintrac which are needed to tackle this massive problem.

I really have doubts about the federal liberals following through as these chinese money launderers are good friends and donors of theirs.

YVR
Guest
YVR

Then why did Eby spend 4 years criticizing the BC Liberal government wiht a weekly press conference for doing nothing on money laundering if nothing can be done provincially due to “no leverage over CRA and Fintrac”?

Best place on meth
Member
Best place on meth

Because the province needed the Feds to help, which Eby has been trying to arrange and the BC Libs never ever bothered to because they liked the corrupt money.

Libs are shit at all levels.

Burnabonian
Member
Burnabonian

Turd has acknowledged it rather than pretending it’s imaginary.

That is not much but it’s not nothing,

bullwhip29
Guest
bullwhip29

BLOOMBERG: Montreal Homes Could Be the Trade of Trudeau’s Latest Budget
https://www.bloomberg.com/news/articles/2019-03-20/montreal-homes-could-be-the-trade-of-trudeau-s-latest-budget

Burnabonian
Member
Burnabonian

If you want to be PM you need Queeebeck in your pocket.

No PQ = no PMO

Best place on meth
Member
Best place on meth

Which is why Quebec should be kicked out of Canada since they were too wimpy to vote for separation.

Oracle
Guest
Oracle

https://torontosun.com/news/national/lilley-feds-want-to-track-your-movement-out-of-canada/amp

I stand corrected. Canada has no way of knowing who leaves by air or sea. They just have info on who leaves to the USA.

Now think about that and expired visas. Just send in a letter saying you left. Hahahaha.

And the minions here citing stats like ‘30% left after 3 years’. You guys are too funny.

Simple Solution
Member
Simple Solution

Yes. There is NO WAY for the government to track expired visas….

Oracle
Guest
Oracle

Trudeau and establishment purposely setting up a system where we will have millions of people here refusing to leave if we were to ever change the law on 10 year visas and Supervisas.

They would all come here at once and refuse to leave.

Burnabonian
Member
Burnabonian

I can’t think of a way

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

I told you could you use this as a fresh angle for your stream of irrefutable bullshit. Thank me later.

For now let’s simply assume that every person who was ever issued a visa never left. That’s totally fair.

Oracle
Guest
Oracle

LOL

bullwhip29
Guest
bullwhip29

they don’t even know if a particular person named on the documents and associated IDs are the actual person or not

Oracle
Guest
Oracle

Its a gong show.

I know of a person from Mexico who has flown into YVR about 3-4 times. Each time he was kicked out of Canada or visa expired. The following year he was back and smiling when I asked him ‘what happened?’ New name of course.

Got to love the open borders….

Simple Solution
Member
Simple Solution

Oracle just cant help himself.. needs to drop the bullshit bomb…

Mexicans need a Visa or an ETA to come to Canada. So this person you “know” of flew here from Mexico “about” 3 – 4 times. On an airplane I assume. So he managed to come here on a visa then get kicked out. BUT he then changed his name, got new passport and got a new visa to come here. Then repeated the process “about 2-3 times”?

I am not familiar with the name change/passport issuance/visa issuance procedure in Mexico but im sure Oracle will tell us that is all done in a day. Or just forged docs…

Cant wait for the reply

Oracle
Guest
Oracle

https://globalnews.ca/news/4042075/mexico-refugee-claims-spike-visa-lift/amp/

Here dumbass.

Are you a troll trying to throw the discussion off? Seems like it.

Simple Solution
Member
Simple Solution

No im not trying to throw the discussion off. Your random bullshit generator is out of control though.

And for the record, I too hate open borders.

It is hilarious how you need to lie so much.

“new name of course”

You fictional character does not exist. Your story is 100% bullshit.

Sure, Mexican refugee claims are up. That is a fact. But your bullshit story of the Mexican who flew here “about 3-4 times” is nothing more than a fantasy.

You do realize that you cannot get on a flight without proper documents correct? So how did you r mexican manage to fly here multiple times after being “kicked out/visa expired”?

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

Two friends of mine once clumsily boarded a flight by one standing on the others shoulders while wearing a badly-fitting rain coat.

True story. Trust me.

Best place on meth
Member
Best place on meth

Were either of these friends of yours war heroes?

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

Trump is so jealous that he has no medals. It’s quite hilarious to watch.

Best place on meth
Member
Best place on meth

Yes, he only has the most powerful position in the world, billions of dollars and a supermodel wife.

The jealousy is indeed hilarious to watch.

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

He bought all of those things. But he should probably think of the wife as a lease because she’ll be going back to the dealership as soon as he leaves office.

He can’t buy a medal and that fact clearly eats at him. Like I say, hilarious. If only he’d volunteered to serve.

Best place on meth
Member
Best place on meth

Yes, who wouldn’t jump at the chance to volunteer to slaughter peasants in a far away land who are tending to their rice fields and minding their own business?

Now I see where you get your strange ideas of what heroism means.

For most people it means someone who risks their own life to save the lives of others.

YVR
Guest
YVR

A hero to SIDA is someone who invades another country because they don’t like their politics, then crashes their airplane in the land they are invading and then blames the people they invaded for it. Yes what a hero.

John McCain:

“I hate the gooks,” McCain said yesterday in response to a question from reporters aboard his campaign bus. “I will hate them as long as I live.”

Best place on meth
Member
Best place on meth

Also objectifies women in a way that would make space proud.

” she’ll be going back to the dealership”

Thinks Trump bought the election even though the cackling witch outspent him by at least double.

SIDA is a vile creature.

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

The point, dipshit, is that’s how he thinks. That’s not how I think, so save your fake outrage. He wants to fix every problem by throwing cash at it, like he were buying a porn star’s NDA. Who cares what Hillary spent, or any other candidate for that matter?

‘One question: Is he willing to spend a billion on his campaign, which would match the amounts President Obama and Republican Mitt Romney raised for their 2012 general election races?

Trump answered: “I would do that, yeah, if I had to.”’

https://www.usatoday.com/story/news/politics/elections/2015/08/16/trump-says-willing-spend-billion-campaign/31793835/

He’ll never be able buy a medal. If he wanted one he should have served. No wonder he’s so jealous.

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

Refer to the previous thread, dipshit. I can paste a link if you’re too dumb to find what I’m referring to. Just let me know if you’re still struggling.

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

Take it up with all the distinguished and decorated military personnel who determined that he was eligible to receive those medals. But I’m sure a twat like you thinks that his opinions are somehow more valuable.

Today he’s even more pissed that his chances of a Nobel peace prize evaporated. Sad!

bullwhip29
Guest
bullwhip29

imho more concerning is what happens when they are here particularly after they’ve picked up their new CANADIAN docs and concluded whatever other business they may need to tend to at one of those non-descript commercial spaces in the elmbridge/westminster area of richmond

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

Who’s “they” bullwhip?

Simple Solution
Member
Simple Solution

when he gets flustered he sure sounds a lot like Oracle….

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

Of course he “forgets” that anybody flying over or near US airspace also gets vetted.

Simple Solution
Member
Simple Solution

no.. all the characters in his fantasies have abilities we cannot comprehend… like the mexican who changes his name and gets a new passport annually…

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

Isn’t it amazing how many crimes Oracles claims to witness yet never reports?

Laibach
Member
Laibach

Your Mexican friend should have rather use Chinese methodology of falsifying documents instead of going back and forth so many times to get real ones, it is cheaper and more convenient.

Biggest immigration fraudster in Canadian history left $900K fine unpaid

https://www.cbc.ca/news/canada/british-columbia/xun-sunny-want-release-fines-immigration-1.4727253

Best place on meth
Member
Best place on meth

“Despite “concerns,” the parole board was compelled to free Wang after he served one-third of his seven-year sentence, because he’s not at risk of committing a violent offence and his behaviour behind bars was “appropriate.”

This is why there vermin come here to do their fraud, theft and other crimes.

Canada is a joke when it comes to punishment and they know they can run wild here.

Hyper-mega-Bull
Member
Hyper-mega-Bull

this is well known and has been used by many immigration scammers to falsify the time they spent in canada for residency requirements.

bullwhip29
Guest
bullwhip29

Toronto’s real-estate market risky for money laundering, with $28B in opaque investments
https://globalnews.ca/news/5080238/toronto-real-estate-money-laundering-opaque-investment/

>>> when all is said and done Eby might get a few million to combat the billions worth of sketchy activity in BC…talk about a nothingburger

Burnabonian
Member
Burnabonian
He doesn’t have to catch them all. All he has to do is catch a few, making us less palatable for future investment relative to other options. Even just by talking about it, he changes the game. There are lots of places to launder cash in the world, and Canada *used* to be one of the most anonymous. We have now announced that we are going to be hunting criminals – both through regulation and through more direct means — and making examples of them. Houses are illiquid and pretty god damn static. If you had 10 million to clean, would you make a reasonably traceable investment in a country that has announced that it is specifically going to try to catch you, and just hope that nobody happens to look at the long paper trail that is left by… Read more »
Oracle
Guest
Oracle

https://www.bloomberg.com/amp/news/articles/2019-03-21/canada-sees-its-biggest-influx-of-immigrants-since-world-war-i

Wow!

Reason why rents are exploding. And this doesn’t even include the temporary classes such as 10 year visas, Supervisas, and foreign students.

Include those and we have BY FAR the highest immigration rate ever. Wow!

And nowadays, the influx happens in 2 major cities as opposed to right across the country. Vancouver growing by 80,000 people a year? Just watch!

Wow is an understatement!

Oracle
Guest
Oracle

“But but but there is no way Oracle could be right. We cited links and…” blah blah blah.

“Huge population increases don’t affect rents and housing prices because we cited a link…” blah blah blah.

“Let’s just call Oracle a realtor. Ha, we’re geniuses…” blah blah blah.

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

Oracle finds facts inconvenient.

Burnabonian
Member
Burnabonian

It’s actually 67,000 per year which isn’t much.

In 2019, housing is actually being built faster than net migration can fill it.

If anything, we need *greater* net migration to stem the current losses of home equity.

Right now we have so little buying pressure that home prices are falling by 10-30+% per year.

Sorry, what were you saying again?

bullwhip29
Guest
bullwhip29

A 13-year-old boy in east China has been detained by police for stabbing his mother to death after she killed his dog
https://www.dailymail.co.uk/news/article-6829995/Boy-13-hacks-mother-death-cleaver-killed-beloved-pet-dog.html

bullwhip29
Guest
bullwhip29

Burmese and Chinese authorities are turning a blind eye to a growing trade in women from Myanmar’s Kachin minority, who are taken across the border, sold as wives to Chinese men and raped until they become pregnant
https://www.theguardian.com/world/2019/mar/21/kachin-women-from-myanmar-raped-until-they-get-pregnant-in-china

bullwhip29
Guest
bullwhip29

Yi Zheng, a 28-year-old Australian permanent resident and Chinese national was sentenced to 180 hours of community service after he pleaded guilty to stealing customer data including driver’s licences and passport photos while working at wealth giant AMP
https://www.afr.com/business/banking-and-finance/amp-contractor-gets-community-service-for-data-theft-20190321-p516a1

>>> this effectively one month of community service. so, no worries, mate!

bullwhip29
Guest
bullwhip29

Florida real estate agent, Wentworth Huang Wang, who raped a woman looking to relocate from China to Florida faces three counts of sexual battery
https://www.nydailynews.com/news/crime/ny-china-florida-real-estate-agent-rape-20190321-s3x6cmddvrhtbfydhmpj2cabjy-story.html

bullwhip29
Guest
bullwhip29

Hong Kong Motorist Blames Computer For Crashing Tesla
http://ananova.news/tesla-driver-blames-computer-for-crashing-model-3/

bullwhip29
Guest
bullwhip29

in related news…

Driver dead after Tesla crashes into pole on Lougheed Highway
https://bc.ctvnews.ca/driver-dead-after-tesla-crashes-into-pole-on-lougheed-highway-1.4340542

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
Simple Solution
Member
Simple Solution

Time to just stick a fork in ICBC and let private insurance do the job. What will happen then is that my 8 year old honda will be way cheaper to insure and the super car driven by an N driver with a license swapped out from some overseas authority will be uninsurable….

Perfectly fine solution for all involved

Simple Solution
Member
Simple Solution

Privatizing ICBC is a business model even the government couldn’t screw up… Just allow private insurance companies to sell insurance. Government can charge $150 annually for the plates and stickers. That will cover the cost of operating the Motor Vehicle Branch.

Result will be uninsurable idiots would not have subsidized insurance.

bullwhip29
Guest
bullwhip29

except for the part that ICBC would be broken up, carved into little pieces and the best parts given away for pennies on the dollar to an newly created entity headed up by former ICBC mgmt. sorry, those supercar N drivers won’t be going anywhere and will effectively become legacy policyholders for as long as they want. of course, the kicker will be the big “one time” charge to be borne out by the actual taxpayers of BC for decades to come.

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

ICBC has zero value.

Simple Solution
Member
Simple Solution

only value is buying votes by providing insurance for those who would not be insurable.

I am actually SHOCKED the government doesn’t have a life insurance business that exclusively caters to low cost life insurance for terminally ill patients in palliative care….

Oracle
Guest
Oracle

Problem is the icbc stakeholders pay off the bureaucrats and politicians under the table.

Why on earth is an Autoplan licence now $1 million+????

And bodyshops get $135/hr for labour??? They pay their employees areiund $20-25. WTF?

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

Autoplan licenses are $1m because you’re allowed to pay cash and it’s the perfect way of laundering money. Every house that sells below list is just another Autoplan office being opened.

Trust me, they’ll be 6-8 per block before long.

Oracle
Guest
Oracle

LOL. Commie tries to be funny.

Best place on meth
Member
Best place on meth

He’s slightly funnier than testicular cancer, just by a hair.

geo
Guest
geo

Real Estate the global heaven of laundering money, …

Simple Solution
Member
Simple Solution

Ya, right…. except you miss the main point…. ICBC has Z E R O value. so it wouldn’t be broken up… just folded.

Remember this is all fantasy so just go with me on this. We all know the government has no ability to do anything that makes sense…

Bag it and tag it
Member
Bag it and tag it

Same as Nova Scotia. Provinces with low insurance fraud rates and low numbers of foreign immigrants.

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

Please provide your breakdown of insurance fraud by province.

bullwhip29
Guest
bullwhip29

Fraser Valley power-substation-turned-luxury-mansion hits the auction block
https://globalnews.ca/news/5080714/powerhouse-mansion-auction/

patriotz
Member

Oh boy, another “auction”. I remember driving by the place years ago. It’s up against the hill at the southern end of the former Sumas Lake. Note that the railway is still active.

Bag it and tag it
Member
Bag it and tag it

perfect front yard to raise a family

bullwhip29
Guest
bullwhip29

all the money in the world and not a clue what to do with it…

Doomcouver
Guest
Doomcouver

OMG I had some morbid curiosity, and this place is directly in front of an active rail line, the SRY Rail Link. Here’s an example of the trains you’d get to see out your window all the time if you paid these morons $3 million:
https://www.youtube.com/watch?v=yOdHeSjjjEY

Just more evidence that housing market greed has made people completely lose their minds. I wouldn’t live in that place for free, the train noise would make you go crazy… almost as crazy as an Abbotsford housing market speculator.

YVR
Guest
YVR

Assessed value is $2.2 million with about 1.3M for land and $0.9M for the building.

Arguably one of the worst locations in Abbotsford with a building most people would have torn down down rather than sink in $100s of thousands to make it into a weird house. They would be lucky to get $1 million.

xyz
Guest
xyz
Federal budget’s mortgage help is of limited assistance in markets like Metro Vancouver The feeling in the industry, said Ron Antalek, Desautels’s realtor in Maple Ridge, is that the stress tests have overshot their objective. “I think the policies have over-corrected (the market),” said Antalek of Re/Max Lifestyles Realty. Antalek added that it would have been better if the new incentive had exceptions on the upper limit for the Metro and Toronto markets raising the top price to $580,000. —————————— “I’m happier than I could have been (with the federal budget),” said Davidoff, director of the centre for urban economics and real estate at UBC’s Sauder School of Business. The measure, which helps decrease the size of mortgages buyers are taking on, while leaving the stress test intact, helps reduce the default risk on loans, Davidoff said. https://vancouversun.com/news/local-news/federal-budgets-mortgage-help-is-of-limited-assistance-in-markets-like-metro-vancouver Two takes… Read more »
Guest
Guest
Guest

What happened to numbers?

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

Paul got tired of all the bullshit.

Best place on meth
Member
Best place on meth

Too bad you never do.

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

Yes, that’s exactly the kind of bullshit I was referring to. Well done.

Dave
Member

Can’t keep up with all the weekend sales.

Bag it and tag it
Member
Bag it and tag it

you mean listings…

Specuskeptic
Member
bullwhip29
Guest
bullwhip29

EOK decals allow electric vehicles unfettered access to HOV lanes in B.C., but some have been faked or stolen
https://www.cbc.ca/news/canada/british-columbia/life-in-the-hov-lane-are-some-drivers-using-a-little-decal-to-game-the-system-1.5061259

YVR
Guest
YVR

I doubt the cops even look for the decal. They look at the vehicle and number of drivers not the rear bumper. The decal was a dumb idea. Motorcycles don’t need a special decal to drive in the HOV lane.