Sales continue to drop

Via southseacompany, this little tidbit over at Global News on sales stats:

According to the Real Estate Board of Greater Vancouver, residential home sales in February were down 32.8 per cent compared to February 2018 and more than 42 per cent below the region’s 10-year-average.

Sales were also down 34.5 per cent from January 2019.

Read the full article here.

Sort by:   newest | oldest | most voted
StupidityCheck
Guest
StupidityCheck

But what about all that open house traffic?? Dave?

Dave
Member

Guy doesn’t walk on the lot unless he wants to buy. Do I have your attention yet?

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

Are they all rich foreigners?

Dave
Member

Do you know what it takes to sell real estate?

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

6 weeks of evening classes?

Dave
Member

My watch costs more than your car.

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

I highly doubt it.

Dave
Member

I’d wish you good luck but you wouldn’t know what to do with it if you got it.

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

True – I’ve never needed it.

Best place on meth
Member
Best place on meth

The arrogance of the china man is a sight to behold.

Until the fucker gets his comeuppance, of course.

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

My left sock cost more than your watch.

Dave
Member

Not mine. That’s who I am.

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

You define yourself by overpriced jewelry? How sad.

Dave
Member

They’re tools. Read up on Horology, son. Either way, you don’t need a watch to tell you it’s always a good time to buy real estate.

Dave
Member

It takes brass balls to sell real estate.

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

And an entire commission cheque spent on meth from the sounds of it.

Boombust
Guest
Boombust

Well, you’ll be selling that watch and sleeping in your car by the time this correction is over with, shyster.

Dave
Member

You need to learn your ABC’s.

Always
Buy
Condos

StupidityCheck
Guest
StupidityCheck

Arrogant
Bullsh*tting
Con Men

Just like Dear Leader.

Dave
Member

Richard Mille is coming to Vancouver for a reason and you’re not it.

https://www.chrono24.com/richardmille/rm-69-tourbillon—erotic–id8692741.htm

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

You’re surely right about that – I tend to visit their Caracas store. It sure beats having to spend a night in Toronto.

StupidityCheck
Guest
StupidityCheck

Guy can’t buy what he can’t afford. Even an idiot that wants to buy for a price/rent ratio of 50.

Dave
Member

They’re just sitting out there waiting to give you their money!

And you think the sharks aren’t going to take it. There is a lot of chum in the waters right now and the sharks are coming.

stagnate
Guest
stagnate

thxs to never ending immigration onto a fixed land mass demand exceeds supply here at all times. priced in fiat currency higher prices are an inevitability. how much longer can other fundamentals hold sway?. is the battle won but the war lost? we eagerly await later month stats.

paulb
Member

New
276
Price Change
106
Sold
110
TI:12346

http://www.clivestevepaul.com

Doomcouver
Guest
Doomcouver

Hot sales day. Disaster averted?

Dave
Member

Dave says the days of double digits deals are done Doomcouver.

Canada is for Canadians
Guest
Canada is for Canadians

One of Vancouver’s longest running breweries displaced by development

https://globalnews.ca/news/5024423/one-of-vancouvers-longest-running-breweries-displaced-by-development/

“When I started here in the 90s my total rent was $1,500 a month, which included property taxes,” Walton said.
“My property tax bill alone went up 25 per cent alone last year. And anywhere I want to move I might be paying twice as much as I pay now.”
“The building sold for $6.5 million.”

>>> sometimes it’s really hard to fathom what’s happened to Vancouver ….

Donkey
Guest
Donkey

Who the f…. cares brewery being displaced by developments. If you cant pay the rent go back to your basement. Simple as that.

Laibach
Member
Laibach

At least you picked the right name.

Donkey
Guest
Donkey

Yes mr. Laibach. I chose the right name. I work hard and I am stronger than horse. I was a donkey stupid once but I educated myself and worked my way out. Too stubborn, didnt give up.

Donkey
Guest
Donkey

What are you gonna say about your name?

Laidback, missed out all the opportunities out there?

Dave
Member

Exactly, go home and tell your wife your troubles.

KickThemOut
Member
KickThemOut

At least he got a wife…

Dave
Member

Want to be a good father? Then go home and play with your kids.

Want to live in Vancouver? Learn your ABC’s – Always Buy Condos.

xhistory
Guest
xhistory

Dave, we get it. It’s easy as 1,2,3
For people looking at the opposite side of the spectrum, or vibration, try 7,8,9 PQR, or GHI
https://www.allacronyms.com/PQR
The vast majority of three letter acroynms with a Q, refers to Quality

Selective Memory
Guest
Selective Memory

That’s pretty much the heart of the chicken slaughter district. Atrocious stench. If they’re planning to build condos there, let’s hope they’re airtight.

southseacompany
Member
southseacompany

“‘A reality check’: Housing prices continue to drop in Vancouver”, Globe & Mail

https://www.theglobeandmail.com/real-estate/vancouver/article-a-reality-check-housing-prices-continue-to-drop-in-vancouver/

“Realtor Ian Watt says. “A lot of people bought in the last few years expecting to make two, three, four hundred thousand. But now they are losing two, three, four hundred thousand. And they just can’t comprehend it, because Vancouver has never had a loss like this.

“In 2008 people weren’t flipping places to the extent they are now … people are so highly leveraged, because they bought cars, they bought this, they bought that. Now, people will tumble. We are going to see huge changes in Vancouver like we’ve never seen before.””

“Mr. Watt says it’s a bigger drop than the market saw in 2008 and 2009”

Canada is for Canadians
Guest
Canada is for Canadians

My wife knows a guy that bought a house hoping to put together a land assembly with the neighbors but they are not interested so now he’s stuck and losing thousands every week. And also he doesn’t even like the house.

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

Does he blame foreigners?

patriotz
Member

” And they just can’t comprehend it, because Vancouver has never had a loss like this.”

Vancouver has had plenty worse than this. It appears that Mr. Watt and the buyers he’s talking about weren’t around in the 1980’s or are too young to remember. But that’s no excuse for someone who’s in the RE business.

southseacompany
Member
southseacompany

“Canadian cities have among highest homeownership rates in world: RBC”, Business In Vancouver

https://biv.com/article/2019/03/canadian-cities-have-among-highest-homeownership-rates-world-rbc

“Major Canadian cities may be struggling with affordability issues, but the rate of homeownership is among the highest in the world, according to a recent report by RBC.”

“The bank compared Vancouver, Toronto and Calgary to other global cities and found Canadian cities to have much higher homeownership rates than most, and around twice as high as Paris and Berlin (see graph below).”

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

US homeownership peaked around 2006.

patriotz
Member

The article seems to miss the connection between high ownership rates and low affordability. At the top of RE cycles, that’s what you see, as noted above.

southseacompany
Member
southseacompany

“With the Bank of Canada about to decide interest rates … just how vulnerable are Canadians to debt?”, Financial Post

https://business.financialpost.com/personal-finance/debt/equifax-canada-says-delinquencies-climbed-higher-in-the-fourth-quarter

” Equifax Canada says consumer delinquencies climbed higher in the fourth quarter of 2018 and the credit monitoring company warns that rising delinquency rates are likely to become the norm this year.”

bullwhip29
Guest
bullwhip29

Cash transactions in B.C.’s auto industry are so significant, criminals could be buying the equivalent of six Porsche 911 Carreras a month with no reporting required
https://bc.ctvnews.ca/6-porsches-monthly-thousands-of-dollars-laundered-in-luxury-cars-ottawa-says-1.4323499

Dave
Member

You could run this story any time in the last 50 years or the next 50. You can’t eliminate cash and why would anybody want to? You want the government tracking every transaction?

Make Trudeau a Drama teacher again!
Guest
Make Trudeau a Drama teacher again!
This is an excerpt from a great paywall article in the Globe. Tons of nuggets and brutally honest. Realtor Layla Yang, who has offices on the west side of the city as well as Richmond, B.C., says she just sold a house in the Arbutus area for $1-million less than the asking price. The home at 2569 West 22nd Ave. spent 98 days on the market with a listing price of $5.75-million. It sold on Feb. 25 for $4.75-million.
She says it’s a good time to buy a $5-million house because that same house used to be valued at $7-million.
“It’s the dream home you can now afford,” she says. “Some clients will say, ‘I will wait till it’s even lower.’ But now is the lowest, and I’m talking about Vancouver west side. This is the time to buy. Why wait for… Read more »
Dave
Member

Brass Balls she has.

Canada is for Canadians
Guest
Canada is for Canadians

Newsflash: a real estate agent says now is a good time to buy a house. And my barber says I need a haircut.

Oracle
Guest
Oracle

She’s probably more right than wrong at this point.

For sub $1million properties, Bank of Canada has called a top in rates. Yields are crashing.

Couple that with the coming 30yr mortgage and possible cancellation of the stress tests. We are back at 2015 again but with higher immigration.

Oracle
Guest
Oracle

But but but the NDP and Eby. They increased the FBT by 5% but increased foreign student exemptions.

But but but the Spec tax. Watered down over and over again. Easy to avoid.

But but but casinos are being studied. No one charged nothing shut down.

Only thing holding the $$$. floodgates is Capital controls in China. Nothing else. If the dam breaks look out. Everyone who isn’t in will be prices out of ground level units.

Dave
Member

This is all true. Words and outcome are two completely different things. Sharks know the difference. New casinos are still planned, getting built and are moving ahead. That’s all you need to know.

Richard Mille watches are coming to Vancouver. They’re not worried about capital controls. That’s all you need to know about where that’s headed. Just one watch can buy a whole floor of pre-sales.

Money finds a way. Always does. This isn’t the end of the road for the China story, so I think that flow of money to YVR continues in the coming decade. It slowed down in the last couple years, but that could just be a temporary blip.

Oracle
Guest
Oracle

Be careful here Dave.

For the record, the reason I post the way I do here is because the bears basically cheered non events and refused to open their eyes on what truly needed to be done.

They are easily swayed by trolls here who want to appear as bears and think I’m the pumper FFS.

I don’t think there is any hope for people after a certain age. They’re set in their ways.

And I’m also of the opinion that there bottom is near but damn the Fraser valley had a very minor correction. And regardless of what the people say here, rents continue to go up in the valley.

Dave
Member

We both come here on a mission of mercy, but many just don’t see it.

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

So Oracle how will you know when its time to buy?

Dave
Member

Don’t forget your ABC’s – Always Buy Condos.

Don’t wait to buy real estate. Buy real estate and then wait.

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

That worked well in Vegas.

Dave
Member

They’re not the Best Place on Earth now are they? While they have a lot of casinos, they have very little HAM. If you’re going to place a bet, put your money on HAM, especially in the year of the pig.

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

That’s been a losing bet so far. You should probably leverage your watch 20:1 so in the future you can afford more than one.

Oracle
Guest
Oracle

For valley detached, the time may be now.

Make Trudeau a Drama teacher again!
Guest
Make Trudeau a Drama teacher again!

That’s not really an answer.

What specifically has to happen for you to realize its time to pull the trigger?

Laibach
Member
Laibach

The reason why Richard Mille watches are coming to Vancouver is well known, nothing new to see there.

“Assuming the wearer is not extremely large, the size of a watch face is inversely proportional to the dick size of the wearer.”

https://gawker.com/5978737/why-do-assholes-love-watches

bullwhip29
Guest
bullwhip29

GC.TO taken out the woodshed today…

Simple Solution
Member
Simple Solution

Casino business model doesn’t work quite as well when you remove the laundry services….

Dave
Member

She’s probably more wong than white at this point, but I don’t think the bottom is far off.

bullwhip29
Guest
bullwhip29

she’s more yang than yin imho…

bullwhip29
Guest
bullwhip29

ABC’s….always be corrupt!

Laibach
Member
Laibach

“It sold on Feb. 25 for $4.75-million. She says…”

That’s not good, apparently, locust is alive and money is leaking in. The rest is default bullshit.

Dave
Member

Good time to buy an affordable house. She has a good point there.

Simple Solution
Member
Simple Solution

It spent 98 days on the market with a listing price of $5.75M. It also spent 100+ days on the market at $5.99M.

bullwhip29
Guest
bullwhip29
Doomcouver
Guest
Doomcouver

…except if hikes at the Federal Reserve devalue the Canadian dollar much further. Then we’ll hike anyways.

xyz
Guest
xyz

Don’t Assume That the Fed Is Done Raising Rates

https://www.bloomberg.com/opinion/articles/2019-03-06/don-t-assume-that-the-fed-is-done-raising-rates

@ Doomcouver…..that’s exactly what I was thinking

Doomcouver
Guest
Doomcouver

Yeah Poloz likes to pretend he has more power than he actually has. He’s only been allowed to leave the interest rates this low because dollar inflation is being masked by non-existent wage growth and anemic economic activity. Eventually dollar inflation is going to get so bad it’s going to push well beyond their inflation target and force a rate hike.

Simple Solution
Member
Simple Solution

No inflation… only people who don’t spend money on things like food and shelter believe that BS….

Poloz is FUBAR here… recession in Canada is all but confirmed. Next thing he does is lower…

We are about to find out how easy it is to push on a string

Canada is for Canadians
Guest
Canada is for Canadians

Radio ad today for Hope Street Property Management:

Client: “our condo was sitting empty and with these CRAZY new vacancy taxes we decided we need to rent it…”

>>> so I have to wonder are they on to something or does this mgmt co. know how many vacant condos there really are in YVR? They are targeting a specific demographic with that ad.

bullwhip29
Guest
bullwhip29

what is the “something” you are referring to?

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

They know how many empty home declarations there were and a proportion of those will be condos. It’s not rocket science, is it?

Which demographic would you say they’re targeting? Boomers who still listen to the radio?

bullwhip29
Guest
bullwhip29

China’s foreign ministry said Wednesday that it is blocking some imports of Canadian canola due to fears of insect infestation
https://www.richmond-news.com/china-cites-pest-concerns-as-the-reason-for-a-ban-on-canadian-canola-1.23654306

Simple Solution
Member
Simple Solution

Locust?

Hyper-mega-Bull
Member
Hyper-mega-Bull

what’s the point of trade agreements with china? china breaks them whenever it wants. so they only tie our hands.

Simple Solution
Member
Simple Solution

Contracts, like Laws – only if it suits them…

Best place on meth
Member
Best place on meth

If we have to put up with their insect infestations then they should have to put up with ours.

bullwhip29
Guest
bullwhip29

Wendy Yuan officially joins Tory race for Steveston-Richmond East
https://www.richmond-news.com/federal-election-2019/wendy-yuan-officially-joins-tory-race-for-steveston-richmond-east-1.23653799

>>> what’s with the spray painted sign? trying to look relatable to the honest, hard working blue collar type? just plain old cheap? or decided to throw something together on the spur of the moment? and good luck finding out what her company actually does while operating of her non-descript Rmd warehouse

Laibach
Member
Laibach

They all got a memo from Beijing to get their shit together and get organized. Just note those Mao’s mummies behind Yuan and expressions on their faces. Maoism all over again…

Best place on meth
Member
Best place on meth

“Wendy Yuan, who wanted to run as a Liberal in the last federal election in Steveston-Richmond East, submitted her Conservative Party’s nomination application in that riding yesterday.

“I am seeking this nomination because I fundamentally believe in what the Conservative Party of Canada stands for,” said Yuan on Tuesday.”

Truly believes in the party that took her only after her first choice rejected her.

Didn’t we see this same shit from the turfed candidate in Burnaby last month?

Canada is for Canadians
Guest
Canada is for Canadians

Anybody else hear about the three Lamborghinis pulled over on the Burrard Street bridge by the VPD yesterday? Apparently there are some pictures but I can’t find them.

Dave
Member

Probably on their way to the sales centre at Oakridge. If you want to find bargains, you gotta move fast.

StupidityCheck
Guest
StupidityCheck

Lol. If you want bargains, you’ll need to go south of the 49th.

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

The dealership is right there….

Simple Solution
Member
Simple Solution
https://www.bankofcanada.ca/2019/03/fad-press-release-2019-03-06/ Recent data suggest that the slowdown in the global economy has been more pronounced and widespread than the Bank had forecast in its January Monetary Policy Report (MPR) Consumer spending and the housing market were soft, despite strong growth in employment and labour income. Both exports and business investment also fell short of expectations. After growing at a pace of 1.8 per cent in 2018, it now appears that the economy will be weaker in the first half of 2019 than the Bank projected in January. Governing Council judges that the outlook continues to warrant a policy interest rate that is below its neutral range. Given the mixed picture that the data present, it will take time to gauge the persistence of below-potential growth and the implications for the inflation outlook. With increased uncertainty about the timing of future… Read more »
xyz
Guest
xyz

Just sold in West Vancouver for almost 50% below 2017 assessed value…

https://mobile.twitter.com/mortimer_1/status/1103136620515975169

DaMann
Member
DaMann

Holy Shit! I dunno, whacky and weird shit was happening on the way up and it’s certainly happening on the way down. Someone was desperate to get some cash at all costs.

Dave
Member

Are you saying the missing $1Million was a side deal, made in cash? Good hunch if so.

DaMann
Member
DaMann

haha, no. That’s a good old fashioned hair cut

Oracle
Guest
Oracle

FFS it’s not a haircut. It’s a cash side deal as well.

Otherwise all homes in the neighbourhood would be selling at 50% of assessed.

But nope let’s bury our heads in the sand and say the market has crashed 50%. Lol.

Laibach
Member
Laibach

I know you mentioned it before but how about the side sexual advances in this case? Buyer’s wife and extended female family?

Oracle
Guest
Oracle

Whatever you say. Ok prices have crashed 50%.

Happy?

Doomcouver
Guest
Doomcouver

It’d have to be more than 50% to make me happy……

Dave
Member

A few years of a “Nanny” could have been included, maybe live in with a basement suite.

Dave
Member

Full Service Nanny if you missed the quotes. Urban Dictionary it if you’re still confused you Caucasian Clowns.

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

Yes, what sane seller wouldn’t enter into such a deal where they suddenly find themselves with a million in cash and all the questions about where it came from? It’s a no brainer!

Canada is for Canadians
Guest
Canada is for Canadians

And then they could put it in a red envelope give it to an old lady and lose it on public transit.

Oracle
Guest
Oracle

when the million is exchanged overseas, it benefits both the buyer and seller when they’re of the same nationality.

Dave
Member

Exchange it wherever you want or with whatever asset you want. You avoid the new taxes, PTT and capital gains if it was an investment property. Give the agents a Rolex each and everybody is made whole.

People reacting like this is out of left field or a new thing. Nah, everybody in that deal had brass balls because they did what it took to get it done. Mitch and Murray would be proud.

Dave
Member

Use it to buy a couple discount condos or a bunch of condo assignments. Buy a couple cars, watches, bitcoin and escorts once a week. This is Vancouver. Easy.

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

That explains all the empty condos – people just buy them for their parking spots.

bullwhip29
Guest
bullwhip29
i suspect a number of these transactions could be non-arms length in nature. if the CRA is coming after folks for big cap gain wins, then it makes perfect sense to generate a superficial loss at lowball valuation. besides, in all likelihood no one will be asking questions. for the inconvenience of possibly having to act the part and laying low for a while, you’d at least have the cash in hand not to mention a significantly lower cap gains hit (if any in this particular case). the buyer obviously gets a sizeable discount on the FBT and property taxes too. i would say authorities would have to tread lightly if they intend to dig further into such sales and demand definitive proof that buyer and seller are not related in any way. well, good luck with that…
Simple Solution
Member
Simple Solution

How does he get a discount on the property tax?

Laying low with 1M in cash? LOL…

Bag it and tag it
Member
Bag it and tag it

Don’t panic Oracle. Why don’t you sound like a renter that his hoping for lower prices, as you claim.? I like how you’re backing up the earlier comment by your new Dave sock puppet account, as Meth would say.

Make Trudeau a Drama teacher again!
Guest
Make Trudeau a Drama teacher again!

Oh interest to you Orcle. From the Twitter Feed.

Abby? TH complexes that had bidding wars two years ago now sit idle for months even with reduced pricing, older houses with potential, same. But construction still going on stupidly.

Simple Solution
Member
Simple Solution

NO WAY… the open houses are overflowing,

Dave
Member

When your grandkids look back at this period of time and ask about how money was literally being giving away free and at the lowest rates recorded in history, what will you tell them? You took that free money, manned up and bought assets that always go up? Or will you tell them, I made fun of people who observed signs of the next leg up? We write our own history. Choose wisely.

Canada is for Canadians
Guest
Canada is for Canadians

@vandave on Twitter LOL

Selective Memory
Guest
Selective Memory

All homes in the neighborhood just got a new comp.

paulb
Member

New
214
Price Change
76
Sold
65
TI:12439

http://www.clivestevepaul.com

Specuskeptic
Member

“Dave says the days of double digits deals are done Doomcouver.”

ABW, just like Oracle.

Always
Be
Wrong

LOL

stagnate
Guest
stagnate

indeed going to see more tax avoidance manouvers like this. most immigrants I know see Canadian politicians as a collection of Caucasian clowns and bafoons that look after their own. e.g.. teachers, pot smokers,homeless, etc.

Dave
Member

I’m going to start telling people I’m an immigrant so they don’t think I’m a naive dummy. I’ve see a lot of white looking brown guys and I might be able to pull off being Davinder with a spray tan. Or maybe one of those Korean surgeons can do the reverse of that eyelid surgery they’re doing over there.

Specuskeptic
Member

Pretending to be an immigrant to give cover for things that are otherwise dodgy is called the Oracle maneuver. Wait a minute….

Oracle
Guest
Oracle

Another genius.

Wow this blog is so full of them that they must have called the real estate market correctly the last decade.

Laibach
Member
Laibach

What happened to Dave, sounds like space when goes amok. Impostor or schizophrenic break? Hope all is well with the “right” Dave.

Canada is for Canadians
Guest
Canada is for Canadians

This new Dave is not the original Dave.

Canada is for Canadians
Guest
Canada is for Canadians

Further thinking is that Dave is Oracle.

Oracle
Guest
Oracle

You guys are geniuses. Lol. You guys are all seeing.

You guys attack Dave on his altered view based on recent market activity and you expect him to toe your line? Give your head a shake. You guys are more lost via groupthink than I thought.

Bag it and tag it
Member
Bag it and tag it

Thanks for confirming that you are in fact new Dave…you even upvoted yourself with your Dave account.

Oracle
Guest
Oracle

Geniuses i tell you.

Dave
Member

Lois Einhorn is Ray Finkle

Best place on meth
Member
Best place on meth

Who’s “Dave”?

Make Trudeau a Drama teacher again!
Guest
Make Trudeau a Drama teacher again!

I was thinking the same thing. The real Dave was reasonable and rational.

Boombust
Guest
Boombust

Easy. He’s becoming unglued and showing his real persona the longer this crash goes on. Just another phoney.

Dave
Member

Somebody has to help you get to the finish line. Opportunity is knocking. I’m trying to motivate you to get with program. Think of your grandkids. Time to man up.

Strata hacket
Guest
Strata hacket

That’s the point Dave, these worthless losers have no children or prospects for grandchildren. They are not connected to the future just their own retirement watching cnn.

Dave
Member

Dave’s not here man.

https://youtu.be/rtDAK7Umk7A

Laibach
Member
Laibach

Canadian Housing Market This Bad Normally Means Recession: BMO

https://m.huffingtonpost.ca/2019/03/06/canadian-housing-market-bmo-recession_a_23685930/

Doomcouver
Guest
Doomcouver

If you look at our recent GDP numbers, Canada is literally teetering on the brink of recession right now. A weak spring market in real estate nation-wide will push it right over the edge.

Simple Solution
Member
Simple Solution

There are some nice price drops on anyone looking for a pre sale apartment assignment…

I wonder how easy it will be for these people to close if/when they cannot assign…

bullwhip29
Guest
bullwhip29

State intimidation and electronic surveillance can be highly effective. It’s affecting China’s 180,000 students in Canada, as well as journalists
https://vancouversun.com/opinion/columnists/douglas-todd-chinas-long-surveillance-arm-thrusts-into-canada

Doomcouver
Guest
Doomcouver

Oh yeah we should totally let Hauwei install 5G in Canada… What could go wrong?

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

The UK and Germany seem to think that the answer to your question is “not much”.

Best place on meth
Member
Best place on meth

And of course, Germany and the UK are always right.

We should trust their judgement.

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

I’d say their track record is better than the US. Or maybe you don’t remember Colin Powell and his mobile biological weapons factories.

Best place on meth
Member
Best place on meth

What does the Bush admin’s lies about Iraq have to do with the lying, thieving vermin from china?

Bag it and tag it
Member
Bag it and tag it

Both countries know full well it’s not wise to go with Huawei, but China is making all kinds of threats that if they don’t, they’ll restrict imports.

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

Which threats are these then?

Best place on meth
Member
Best place on meth

Why are you pulling for Hwaway, you fucking asshole?

Oracle
Guest
Oracle

Why is no one questioning why we have 180,000 foreign students from one country?

Simple Solution
Member
Simple Solution

that number is wrong…. there are more

International students in Canadian universities
353,000 — The number of international students with a valid study permit in Canada in December 2015, up from 84,000 in December 1995.

Oracle
Guest
Oracle

This should be the ground zero target for housing policy.

Wind down the foreign student program to manageable levels. If some ‘professors’ get unemployed, So be it.

Dave
Member

We need more students to get a bit more juice into this market. A lot of these students are great. They buy west side mansions sight unseen. After a few years of school, they get their PR by creating a “job” and pick up a few more condos. Then bring the family and relatives over to buy some more. Lots of sales, commissions, construction and even school fees. Everybody wins.

Oracle
Guest
Oracle

Those numbers are old. They were increased way more in early 2016. That was the deal between Christy and Turd. “I will bring in FBT and you increase Students”.

That’s what set off rents and subsequent FOMO.

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

Wow, that’s less than 1% of the population. And students never ever share a single dwelling, of course.

They must clearly be the root cause of housing woes.

Simple Solution
Member
Simple Solution

All students are billionaires coming here to run up home prices. Those that are mere millionaires come here to run up rents in the valley.

Oracle
Guest
Oracle

Are you a commie as well? When you outing yourself?

Make Trudeau a Drama teacher again!
Guest
Make Trudeau a Drama teacher again!

Oracle you ignored my question so I pose it again:

What specifically has to happen for you to realize it’s time to pull the trigger?

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

They buy condos in bulk just by drag-selecting a box on Google Earth.

Best place on meth
Member
Best place on meth

“Why is no one questioning why we have 180,000 foreign students from one country?”

Especially THAT country.

That evil shithole that’s always up to no good.

Dave
Member

Say what you want but one thing they have learned before coming here are their ABC’s. Always Buy Condos. Nothing wrong with an easy sell.

Best place on meth
Member
Best place on meth

If only those assholes from china could actually learn our language before coming to study/steal in our country.

KickThemOut
Member
KickThemOut

The nerve of Huawei! Expecting to dictate what other sovereign countries can and cannot do!
https://ca.finance.yahoo.com/news/huawei-fights-back-against-u-113706538.html

Best place on meth
Member
Best place on meth

Huawei HQ deserves a few cruise missiles from the US Navy.

bullwhip29
Guest
bullwhip29

After a year of work, a massive piece of public art has been installed outside the new Minoru Centre for Active Living that incorporates the silhouettes of hundreds of locals
https://www.richmond-news.com/arts/300-silhouettes-of-locals-make-up-this-richmond-sculpture-1.23656124

>>> certainly more tasteful than chalk outlines or shadows of Hiroshima victims, but at a cost of $200,000 one must simply shake their heads in bewilderment…

Doomcouver
Guest
Doomcouver

$200,000 for a total eyesore.

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

Looks great. Richmond needs more public art. It’s a bit of a dump and could do with some jazzing up.

Ddhg
Guest
Ddhg

You see public art as decorations?

bullwhip29
Guest
bullwhip29

work should be titled, “memories of locals from years gone by…”

will become yet another selfie attraction. wow, look at me standing where this local used to exist!

bullwhip29
Guest
bullwhip29