It’s the weekend and that means its time for another open topic discussion thread!
So what are you seeing out there? Are you putting your money into condos, land or a tin can in the back yard?
Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!
CBC Marketplace and AIrBNB – https://www.cbc.ca/news/business/marketplace-airbnb-covert-listings-banned-units-1.5066673?fbclid=IwAR2KxY5TiopDr9UWFXiKSuF9DPGLZbd9PvBjUDLlLGhCQthENvELFLGa8YI
“‘I felt like a criminal’: Airbnb hosts ask guests to lie, sneak around in covert rentals”
Well, not “criminal”, but yes, a scumbag.
Unlicensed short term rentals are illegal, this guest knew it was illegal when they rented it, thus they’re complicit in a crime. She felt like a criminal because she WAS a criminal.
With one foot in recession and the other one in debt, and with our clowns in Ottawa in meltdown mode, there’s nowhere to go but down.
https://www.bnnbloomberg.ca/canada-in -the-top-of-the-ninth-as-recession-looms-rosenberg-1.1211617
but the top of the ninth was almost 2 months ago.
Sell now or be priced in forever!
Australis seems to the first one to fall (200% debt, interest-only mortgage and housing bubble bursted):
https://www.youtube.com/watch?v=kZGBmQx9EHk
Being the geographically closest haven for dirty Chinese cash, it will be the least surprising thing ever if Australia leads the global debt collapse.
Sydney is roughly 500km further from Beijing than Vancouver.
Nobody said anything about Chinese dirty money coming to Vancouver until SIDA brought it up. LOL.
Yes, nobody ever brought up that topic here. Not once.
Incidentally, both Sydney and Vancouver are also about 1000km further from Beijing than London.
So much for geography.
You are implying dirty Chinese money is going to London now? That is racist!
Try again, moron.
What were you implying was happening in London?
London is where the Russians launder their stolen loot, when they’re not colluding with Trump.
Should have specified I’m mostly talking about Hong Kong because that’s where a lot of mainland cash is exported. Interesting factoid about Beijing though.
Brisbane is 5000km closer to Hong Kong than Vancouver….and similar time zone.
Quite busy traffic today at new west townhouses
Was Oracle there?
Any more fake anecdotes you’d like to share with us Oracle?
Ask admin. He’ll tell you it’s not me.
different IP addresses are easy to fake.
People in the lower mainland no longer have any money left to spend on activities like normal people do in other places, so they spend their time looking at open houses.
Mueller witchhunt is over, no more indictments.
Didn’t some idiot on this site who fails at 100% of his predictions say that Don Jr would soon be indicted?
A. Witch-hunts don’t find hundreds of crimes.
B. Does the term “false flag” ring a bell?
C. You haven’t seen the report.
D. The Trump crime family is still being investigated by:
✅SDNY
✅EDNY
✅EDVA
✅USDC-DC
✅NYCDA
✅NYAG
✅NJAG
✅MDAG
✅DCAG
✅SCO*
✅FBI
✅CIA
✅HPSCI
✅SSCI
✅HJC
✅HOC
✅HFSC
✅HWMC
Ah, there’s the idiot.
Thank you for reminding me who you were.
A. It ain’t over yet.
B. People who shout “false flag” shouldn’t call anyone an idiot.
C. All my points ignored. As usual.
You didn’t make any points.
LOL. Hey SC, your liberal tears are delicious.
Please don’t stop posting. The entertainment
value in your posts is amazing-and it’s free too!
Good morning, have a great day!
This is cognitive dissonance at it’s best. Compare and contrast today with 18 months ago. The shifting of goalposts is like never before. Most people don’t have enough self reflection to see they’ve been had. And they continue to buy the BS from the mainstream media. That said, a lot of people will wake up in the next few weeks.
Which goalposts have shifted? No one has even seen Mueller’s report! Barr didn’t even consult with him wrt his letter! There are still a lot of unanswered questions.
From the looks of today’s letter, it looks like Mueller only looked at whether anyone on team Trump worked with the hackers or the IRA. NO ONE has ever accused them of that! The (as of yet, not disproven) allegation is that Trump was offering sanctions relief to Russia in exchange for help winning the election. I suspect Congress is going to have to figure that out, since (apparently) Mueller wasn’t investigating it.
You’d better up[ those meds. It only gets worse from here.
“How Trump is on track for a 2020 landslide”
Economic models point to a Trump blowout in 2020.
if the election were held today, he’d likely ride to a second term in a huge landslide, according to multiple economic models with strong track records of picking presidential winners and losses.
https://www.politico.com/story/2019/03/21/trump-economy-election-1230495
Right now, he wins for sure. Things change quickly though so it’s too early to call.
Turn off the news for a week. I’m totally serious. Stop reading and watching whatever you normally consume.
Don’t believe me that you’re in cognitive dissonance. You’ve been lied to for two years. 99% of people can’t just unwind that. It takes time and you need to cold turkey the crap that got you in that place. The media is toxic and it’s destroying our society. If I’m wrong, nothing changes for you other than I helped you free up a few hours of time.
Turn off the garbage and then discuss it later with a fresh mind.
“The media is toxic and it’s destroying our society.”
No kidding, that little scumbag Don Lemon is still stirring up shit as we speak.
Liars, rumour peddlers, agitators, that’s what they are.
They’re not journalists.
He’s now bringing on people who are suggesting that the Russians have compromising information on Trump that they are using to blackmail him.
No evidence whatsoever.
What a piece of shit he is.
Dirty business. You have to be a total sociopath to pull that off.
Yah, you’re totally a nicer person than he is….
There might be more indictments. It will just be Bill Barr bringing them investigating the Obama regime.
“How to end our National nightmare – probe Hillary Clinton again”
Trump’s vindication is a devastating rebuke to Democrats and their media handmaidens, all of whom insisted his guilt was guaranteed. Their legacy is that they ruined their own credibility, and their continuing efforts to destroy him by innuendo and investigation can only add to their disgrace. For them, too, Friday night was like a repeat of Trump’s election victory.
https://nypost.com/2019/03/23/how-to-end-our-national-nightmare-probe-hillary-clinton-again/
Twitter Bans User For Laughing At Rachel Maddow’s Tears Of Despair Over Mueller Report
As left-wing news outlets were forced to cover the completion of the Mueller report sans high-level indictments (Trump Jr., for example), Rachel Maddow had a grand-mal meltdown after having been forced by MSNBC to cancel a fishing trip and drive in to work on a Friday night. Maddow fought back tears as she reported on her own collapsing narrative
The fact the liberals were desperately HOPING that treason was committed just shows what kind of lowlifes they are.
They actually wanted the nation to be put into peril.
They prefer to see North Korea keep their nuclear weapons just so Trump can’t take credit for it. They tried to sabotage the last summit by bringing Cohen to testify on the exact day of the summit. Really a pathetic bunch who will do anything for power at any cost.
The Democrats now should “SHUT IT DOWN ALREADY”
The Democrats don’t care that the report found zero guilt.
They’re still saying he’s guilty……of something……they’re quite sure of it.
Australia: Home builders start laying off workers as they face sharp downturn
https://www.abc.net.au/news/2019-03-22/home-builders-face-big-housing-downturn/10925890
Since building its first house in 1957, Zuccala Homes has seen its fair share of highs and lows in Melbourne’s residential construction market.
“Builders are just battening down the hatches and looking after their costs,” Mr Zuccala told ABC’s The Business.
Melbourne house prices have fallen 9.6 per cent since their 2017 peak, and that is having big implications for home builders.
RE: Open house crowds
A lot don’t know this but people in the interior design industry (my girlfriend included) go to open houses to see what’s “in” in the home decor world. Also, lots of realtors go to them undercover to see how the competition’s doing.
CBSA looking to collect information as people leave the country, but raises privacy concerns
Our already high emigration numbers from Canada are rising. The Canadian government doesn’t like it when their newly enslaved tax slaves try to go back to their home country. Expect increased scrutiny leaving Canada as net migration approaches zero during the next recession.
Lol. You’re going to out yourself to the minions here.
Net migration to zero. Lol
Online real estate auctions try to shake up sales with novel approach
22-year-old kidnapped by masked men near Toronto: police
https://www.citynews1130.com/2019/03/23/kidnapped-masked-men-toronto-police/
“Lu is a Chinese student studying in Canada and lived in the condo building where he was taken. Police have been in touch with his family in China and the Chinese consulate, and on Sunday released photos and descriptions of the suspects.”
“The first suspect was a male wearing a mask, blue pants and a black jacket. Another is described as a dark-skinned male, around six foot one, wearing a black Canada Goose jacket.”
Canada Goose jacket and 6 foot 1.
This doesn’t make sense.
no, nothing sketchy about this story whatsoever. after money changes hands, all parties involved will go into hiding and we’ll never hear a word about this story again. just to think that there are possibly 1000’s of these little f-tards running around all over the country doing whatever the eff they please, thinking they are above the law
75% chance he kidnapped himself because his parents would not give him money for a new car.
Apparently this guy is “known for his high-end rides”
Online B.C. home auction openly targeting foreign buyers
https://www.richmond-news.com/online-b-c-home-auction-openly-targeting-foreign-buyers-1.23769242
>>> this story was so amusing, why not read all about it again. fast forward a number of months or even years and it will be re-listed as an investor alert/land assembly/re-zoning type of speculation opportunity for someone looking to think outside the box and/or just happen to be in the right place at the right time.
“60 people filled the room, only one was an interested buyer so the auction was cancelled.”
It sounds like they didn’t want to sell that one badly enough… or, just like at open houses…
I also like how Richmond News cropped out the railway line directly in front of the property. I see what you guys did there…
“I also like how Richmond News cropped out the railway line”
The fine print at the bottom right says “Artist Rendering”, Looks to me it’s more than a crop, the RE agents must have photoshopped out the RR crossing sign right at the corner of the house, there’s no way to take a picture without it being in the frame. Note also the For Sale sign from Sep 2015.
At least there is a crossing, I suppose….
First capsule hotel in Lower Mainland opening in Richmond
https://www.richmond-news.com/living/first-capsule-hotel-in-lower-mainland-opening-in-richmond-1.23768447
>>> this will naturally inspire many of the illegal, underground “student” and “housewife” operations to redesign their accomodations themselves. think about what one could do with a studio or 1-bdrm condo now…
This seems ridiculous. In Tokyo or New York it makes sense because population density is so high. But a capsule hotel in Richmond? Give me a break. The only reason why this happened is due to the temporarily ludicrously high suburban land values in the GVR. I expect in the future this capsule hotel will be seen as yet another oddity of our housing mania.
this isn’t about population density but rather repurposing existing commercial and likely residential space. one would think that the city should tread very carefully in this regard, but somehow this so called pod hotel got the green light is up and running (right across the street from city hall…lol). hey, what do i know anyway? in a city that seems to allow illegal spas, hotels, gambling establishments, money exchanges, safehouses, autobody shops, amusement parks built on farms and so on and so forth, why not add this to the list of available services? how long before some clever entrepreneur out there gets proactive and crams a few of these pods into his garage, condo or in the rear of his grocery store?
A bit off topic….
Renewed ICBC insurance…had a few questions for the agent.
—-Expensive cars……( ie that foreign locusts children drive and crash )
They don’t have much impact on overall premiums…BUT each of these high end cars is independently assessed and then the premium is calculated.
—-Currently..the owner of the car is responsible for what happens to it…but coming this year is if say you let another party use it and they have an accident..the driver at the time gets nailed with blame…not owner…and affects their insurance,not owners.
—If you have a vehicle that you use LESS than 5,000 km /year…you get a $300 discount on premium.
—-Used vehicles…maybe check into this….you have the ability to insure it in a manner that avoids depreciation….if 10 years old or less.
Thanks SIDA, appreciate the info.
Vancouver’s rental development program under review due to sky-high rents
“A bachelor rents for $1,400 and some, on the west side a three-bedroom goes up to $3,700 and that’s considered affordable,” says Councillor Jean Swanson.
This entire program should be scrapped. Without control over what rents are charged these developers / owners shouldn’t be getting taxpayer handouts. This was a gift from Gregor to all his real estate buddies and nothing more.
Wow.
TD Bank has just lowered its 5 year posted by a record breaking amount.
Peak rates are officially behind us. They are trying to light the low end on fire.
Open houses very busy today. Agents ran out of feature sheets.
Speak up minions and contact your NDP MLAs to bring in more housing policy. Otherwise the last chance ever to get in is going to quickly pass by.
Are they offering a negative rate, like -0.99%?
I hope those crowded open houses aren’t just looky-loos with nothing better to do on their days off because last week averaged 94 sales per day which is absolutely pathetic for this time of year.
I think most are look a loos like me gauging the market. People like me that fear FOMO 2.0.
But the longer the low sales continue, and the population keeps rising, there will come a time when the buyer floodgates open.
The lower rates are but one stimulus. The CMHCI is another. The backtracking of the SpecTax was another. The failure to do anything about money laundering is another. See the trend?
My worst fears are coming true. I wish people would have pressured the damn NDP to do more and sooner. The minion she have to realize that it is China capital controls that have primarily slowed the market and NOT the NDP. The NDP just did minor tweaks.
Oracle: “My worst fears are coming true”.
Your worst fears are coming true alright: Sales have tanked to 30 year lows, and prices are coming down. Steve Saretsky has hinted that March is on track to be another 30 year low.
Sales are now lower than when the population of Vancouver was half what it is today, so your 500,000 TFW’s/students and their 4 parents each don’t appear to buying anything.
If your dream growing up was to be a bag holder than you’re about to realize that dream.
Oracle for the 4th time, what has to happen for you to pull the trigger and buy?
OMG… they ran out of feature sheets???? FOMO FOMO FOMO
I will call my MLA and make sure there is legislation brought to make sure there are more feature sheets available!
Can we get this kid off this site?
Sorry dad… Im here to learn from your super awesome insights. And your massive experience
But mainly to be entertained by your nuclear powered random bullshit generator…
Heavy fines levied for Bacelona empty buildings:
For some years now, Barcelona has been making a threat to landlords: If you don’t find tenants for your empty buildings, we will fine you.
The tone emerged as the city’s affordable housing crisis deepened, exacerbated in part by the fact that some buildings lie vacant even as housing has become more scarce. This month, however, the city has gone further than ever before to act on its threat, levying fines of €2.8 million ($3.17 million) against two investment funds that each own an unoccupied building in Barcelona’s center.
I noticed Oracle continues to call out bears as having low IQ.
Oracle, you have boasted on occasion of having an IQ in the 2nd percentile. At that percentile, people in comas would score higher than you in an IQ test.
You might want to stop bringing up IQs from now on, yours, or anyone else’s.
Oracle has taken an IQ test?
Oracle knows how to spell IQ?
Could bulls comment on this please?: https://twitter.com/VanRELeaks/status/1110067516661854209
Full on Banana Republic status for Canada….
https://globalnews.ca/news/5084587/hezbollahs-canadian-money-laundering-ops/
“Canada has been aware of this for over a decade.”
We are such idiots in this country. We should cut the pensions of anybody who worked in these government departments.
Everyone getting their cut. I stand by my conviction that we are one of the most corrupt countries in the world.
Too see it, one just has to take off the veil put there by MSM and schooling.
I’d say we’re second in the G7 behind Italy. Easily the most corrupt in the Anglosphere.
“Easily the most corrupt in the Anglosphere.”
Transparency International disagrees with you. They rank New Zealand #2, Canada #9, the UK #11, Australia #13, and the US #22. Least corrupt is Denmark at #1. Also they say that Canada is the least corrupt country in the G7.
I think what happens is that people in relatively uncorrupt countries are more sensitive to small scandals, so they get the impression their countries are more corrupt than they really are.
Notice the poster who whines about corruption is the same douche who brags about having a sugar baby. That’s not corrupt at all…. Or exploitive…
It’s legal to have a sugar baby. I’m proud to help somebody get through college.
Nothing corrupt about it at all.
LOL, the only people who complain about sugar babies are the people without sugar babies. Don’t hate until you try it.
Wow a bunch of bureaucratic dorks without a clue. I’m guessing our inept bureaucrats are the ones cooking up the stats. You really fall for things like that?
If MacDonalds had a 5 star Yelp rating, you’d say it’s the best restaurant in town.
Speaking of Italy, they just committed suicide in the worst possible way.
A deal with the devil.
Unfortunately, they had it coming, greed loves greed.
“Many locals who worked in the textile and leather industries resented the Chinese immigrants, complaining that they cared only about costs and speed, not about aesthetics, and would have had no idea how to make fine clothes and accessories if not for the local craftsmen who taught them. Simona Innocenti, a leather artisan, told me that her husband was forced out of bag-making by cheaper Chinese competitors. She said of the newcomers, “They copy, they imitate. They don’t do anything original. They’re like monkeys.”
Fuck that, at least monkeys are somewhat cute.
“Native residents have accused Chinese immigrants of bringing crime, gang warfare, and garbage to the city. Chinese mill owners, they complain, ignore health laws and evade taxes; they use the schools and the hospitals without contributing money for them. ”
Damn, this all sounds so familiar.
The residents are clearly racists, nobody should ever complain about the barbaric behaviour of these newcomers.
Corruption like everything else comes with migrations. In the same way as culture, habits, beliefs, hopes, and expectations. As more, you bring people from the shitholes more shitty your system will be.
First U.S., now Canada’s yield curve inverts for first time in 12 years
https://business.financialpost.com/news/economy/canadas-inverted-yield-curve-signals-holding-pattern-for-poloz
“reinforcing concerns that consumers may no longer be able to drive the economy with household debt at record levels and borrowers facing higher costs following five rate hikes by the Bank of Canada”
So basically because interest rates were held so low for too long, the population adjusted to those lower rates and borrowed accordingly. Now when the CBs raise those too low rates it puts us into a recession. Can you see the incompetence of these guys?
Three card dealers working at Vancouver’s recently opened Parq Casino were fired last year for cheating and “collusion” with players, records obtained by CBC reveal
https://www.cbc.ca/news/canada/british-columbia/vancouver-casino-dealers-fired-for-cheating-collusion-1.5066805
AWESOME… I love the ROT in EVERY SINGLE part of the city….
You might also be shocked — shocked! — to find gambling going on at that establishment.
Vancouver company combines real estate and veganism
https://www.citynews1130.com/2019/03/25/vancouver-vegan-real-estate-company/
What an angle. And it’s always about real estate in Vancouver. Nothing else matters.
Because there are elements of cult and cult thinking in both veganism and real estate, how could someone have not thought of this already?!!
TD cancels mortgage rate drop and changes posted rate back up to 5+%.
Maybe someone in government told them not yet!??
It still on their website…
Term Featured Rate APR3,4
5 Year Variable Closed 3.45%
(Special Rate is TD Mortgage Prime Rate – 0.65%)
3.47%
5 Year Fixed Closed 3.49% 3.51%
3 Year Fixed Closed 3.19% 3.22%
No Simpleton.
The ‘posted’ 5 yr rate they use for all sorts of things like stress tests and penalties.
Dad,
isn’t the stress test based on the HIGHER interest rate of either Bank of Canada conventional 5 year OR the interest rate you negotiate with lender or in the case insured mortgage BOC 5 year or negotiated rate +2?
What does the “posted rate” have to do with the stress test?
Thank you once again for your vast vast knowledge on all things!
Canadian man charged with spying in China gets visit by consular officials
we can not forget about these two guys who are being held as hostages by the Chineeze.
Can’t wait until we turn over the huawei locust over to the US.