Friday Free-for-all! April 19th 2019

A very Good Friday to you all!

It’s the end of another work week and that means it’s time for another Friday Free-for-all, our open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!

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paulb
paulb
1 year ago

New
240
Price Change
105
Sold
125
TI:14914

http://www.clivestevepaul.com

Make Trudeau a Drama Teacher again!
Make Trudeau a Drama Teacher again!
1 year ago
Reply to  paulb

Dave Bull Index = 7.5

Laibach
Laibach
1 year ago

Very plausible…

Douglas Todd: Immigration won’t replace Canada’s aging workforce

“The Liberals repeatedly maintain higher immigration will, as Hussen says, “help us to ease the great challenges of the coming years, such as the slowing labour force growth and labour shortages linked to Canada’s aging population.”

But do the minister’s claims check out?

The short answer is: Not really. Leading Canadian economists say the Liberals’ claim that higher immigration levels will offset the aging of Canada’s workforce is, at the least, extremely exaggerated.”

Comment:

James Smith

It’s not about workers. It’s about voters. We will never have a conservative govt again if they keep the doors open to 3rd world mass immigration.

https://vancouversun.com/opinion/columnists/douglas-todd-alas-immigration-wont-replace-canadas-aging-workforce

Canada is for Canadians
Canada is for Canadians
1 year ago
Reply to  Laibach

We can’t replace an aging workforce with untrained 3rd world immigrants with no educations who will only cost Canadian taxpayers who have to pay for their social services support while they have multiple babies on the taxpayers dime. The entire western world is dealing with this same problem because we just don’t have the population growth as the baby boomers die off.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago

You’re a fool if you believe that all immigrants are uneducated. But that sort of stands to reason, doesn’t it?

Make Trudeau a Drama Teacher again!
Make Trudeau a Drama Teacher again!
1 year ago

Its the process of dilution. The good immigrants go back to their home countries to make a mint after living in Canada and reaping the benefits. The useless ones suck on the system stay and bring their families costing Canada millions.

A sweeping generalization but certainly true in most cases.

JT sucks
JT sucks
1 year ago
Reply to  Laibach

No matter how far Truedope (love that moniker) opens the floodgates, there is no way in hell he can import enough voters from “shit-hole” countries to save his ass. The tide has so obviously turned against him, that by October, a Conservative majority will be a mere formality. The only remaining question will be if he will resign after the ballots are counted or wait for the Libs to kick him out.

Make Trudeau a Drama Teacher again!
Make Trudeau a Drama Teacher again!
1 year ago
Reply to  JT sucks

I wish that were true.

Voters don’t trust the Cons and its still that useless c@nt’s election to lose.

Bag it and tag it
Bag it and tag it
1 year ago
Reply to  Laibach

Yes, it’s about voters otherwise why would the increase the number of family unification visas like they did recently. Solve the aging population issue by increasing the number of elderly people.
But more important is that immigrants increase the # of customers for banks and other big business that lobby/donate/bribe politicians to keep/increase the tap flow of immigrants.

Oracle
Oracle
1 year ago
Reply to  Laibach

It’s about the real estate industry. They’re calling the shots. The big time developers. #corrupt

Stand up for Canada
Stand up for Canada
1 year ago
Reply to  Oracle

It’s not just RE that benefits. Banks, telcos, etc all benefit. The key is to invest in them as well.

Oracle
Oracle
1 year ago

The key is to change the balance of power so they have none.

YVR
YVR
1 year ago
Reply to  Laibach

I love how they tell us on one hand how great immigration is for us and the economy and then on the other tell us we need to pay higher taxes for infrastructure. You would think if immigration was good it could pay for itself and things would be improving, not deteriorating. On top of the extra taxes we get longer waiting lists for medical treatments, emergency rooms with hours waits, no family doctors, road congestion, gang violence, higher ICBC rates and of course sky high housing costs. What were the benefits again?

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  YVR

Next time you’re in hospital please do the honourable thing and decline to be attended to by anybody not born in Canada. Something tells me that you won’t…

YVR
YVR
1 year ago

Why would I go to the hospital in Canada? It would be faster to drive to the US and visit one there with no wait.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  YVR

They don’t have immigrants working in US hospitals? Incredible!

YVR
YVR
1 year ago

I am not opposed to immigrants working in hospitals or any other job. I am opposed to bringing in too many immigrants to the determent of our country. Let me do a simple analogy for you since you are not that bright. It would be like if you got on an airplane designed to seat 200 passengers and you and 199 other passengers are already on it. Then they bring in another 20 passengers, tell you it is for your flight enjoyment then delay the flight for 1 hour to load them. They also ask you to pay an extra $100 to pay for the fuel for the weight on the plane. You may complain. That does not make you hate other passengers. You just don’t want the plane to be overloaded which is bad for everyone. Get it? Now… Read more »

Oracle
Oracle
1 year ago
Reply to  YVR

Hahaha. SIDA owned again. Not in the same league.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  Laibach

The doors are not “open” to “mass” immigration.

There’s a process. Perhaps you had to go through it?

Best place on meth
Best place on meth
1 year ago
Reply to  Laibach

Liberals have been pandering to ethnic groups since the 60’s when Turd Sr. came up with his idiotic multiculturalism scheme.

Now you see Le Petit Turd dressing up in costume like every other liberal politician of the last 50 years.

Spec
1 year ago

The Cons got religion on this political ploy as well. There’s no shortage of Jason Kenney photos that seem to have raised the bar for Justin on the “look how ethnic I am” olympics.

YVR
YVR
1 year ago
Reply to  Spec

It is Jason Kenney’s fault Trud dresses in pajamas like a fool and pathetically panders to ethnic groups? Hilarious. Did Kenny tell Turd the budget would balance itself too?

Spec
1 year ago
Reply to  YVR

Sooo sensitive…

StupidityCheck
StupidityCheck
1 year ago

Without immigrants, Canada would be 100% First Nations. Is that what you wish demographics looked like? Or are you only cool with European immigrants?

bullwhip29
bullwhip29
1 year ago

Chinese Family Paid Rick Singer $6.5M to Get Their Daughter Yusi Zhao, also known as Molly, Into Stanford
https://www.nbcbayarea.com/news/local/Chinese-Family-Paid-Rick-Singer-65M-to-Get-Their-Daughter-Into-Stanford-509335321.html

Stand up for Canada
Stand up for Canada
1 year ago
Reply to  bullwhip29

Google Shelly Guo.

bullwhip29
bullwhip29
1 year ago

SCMP: From starving pigs to disappearing chairmen: Chinese companies offer some bizarre excuses for plunging profits, missed deadlines amid worst earnings season on record
https://www.scmp.com/business/china-business/article/3008598/starving-pigs-disappearing-chairmen-chinese-companies-offer

KickThemOut
KickThemOut
1 year ago

Right up VCI’s alley and favorite food of BPOM & Co:
https://thetakeout.com/locust-maggot-bug-sausage-meats-protein-research-1834475011

bullwhip29
bullwhip29
1 year ago
Reply to  KickThemOut

forever obsessed with stuffing your sausage hole, hey space?

Best place on meth
Best place on meth
1 year ago
Reply to  KickThemOut

I saw a package of cricket powder for sale, being touted as a wonderful source of alternative and sustainable protein.

It was $40 for a pound.

I’ll stick to chicken.

bullwhip29
bullwhip29
1 year ago

Peace Arch border crossing closed due to fiery 3-vehicle collision
https://globalnews.ca/news/5233075/peace-arch-closed-crash/

Photos from the scene show a black Porsche Cayenne SUV T-boning a burned out mini van in a flower bed

Video from the scene appears to show police escorting a person in handcuffs away

BubbleTea
BubbleTea
1 year ago
Reply to  bullwhip29

How can this happen when the speed limit is 30km at Peach Arch?

Laibach
Laibach
1 year ago

Why there are so many Chinese students enrolling to the top US universities? A hint, it is not “tiger-mom” upbringing or some extraordinary “math skills”.

“The family of a Chinese student who was admitted to Stanford University paid $6.5 million to the central figure in the US college admissions scandal, a source with knowledge of the investigation says.”

https://www.cnn.com/2019/05/02/us/china-stanford-college-admissions-scandal/index.html

KickThemOut
KickThemOut
1 year ago
Reply to  Laibach

Meanwhile, people on this blog will be worrying about getting their kids into prestigious universities like Kwantlan, UNFV, Capilano because that’s all their kids can qualified for and they can afford. Who’s the bigger loser here? Assuming people here can even get married and have kids in the first place. Notice there are absolutely no females on here because really, who would want a dream catch like BPOM?

bullwhip29
bullwhip29
1 year ago
Reply to  KickThemOut

i love how you completely veer off course and start whining about being a terminally single loser who couldn’t even hook up on PoF…

Canada is for Canadians
Canada is for Canadians
1 year ago
Reply to  bullwhip29

He wouldn’t even qualify for Kwantlan without a bribe …

Best place on meth
Best place on meth
1 year ago

Or PoF.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  KickThemOut

How do you know who’s female here and who isn’t?

southseacompany
southseacompany
1 year ago

“Vancouver home sales sink 29.1% in April as slowdown deepens”, BNN

https://www.bnnbloomberg.ca/vancouver-home-sales-sink-29-1-in-april-1.1252807

“There has been a growing chorus of calls for mortgage stress test rules to be revisited “

Make Trudeau a Drama Teacher again!
Make Trudeau a Drama Teacher again!
1 year ago

I don’t see the repealling stress test saving this market. It might help at the very bottom end but if you can’t afford to buy know you prob shouldn’t be buying.

Best place on meth
Best place on meth
1 year ago

Yes, the cartel crybabies even whined about it in the sales summary.

They are pathetic.

“Government policy continues to hinder home sale activity. The federal government’s mortgage
stress test has reduced buyers’ purchasing power by about 20 per cent, which is causing people at
the entry-level side of the market to struggle to secure financing,” Ashley Smith, REBGV
president said. “Suppressing housing activity through government policy not only reduces home
sales, it harms the job market, economic growth and creates pent-up demand.”

realist
realist
1 year ago

southseacompany, thank you for your excellent contributions to this blog.

southseacompany
southseacompany
1 year ago

“Vancouver home sales fall nearly 40% in January as prices pull back”, CBC

https://www.cbc.ca/news/canada/british-columbia/vancouver-housing-prices-falling-1.5004892

“Vancouver’s once red-hot housing market continued to cool last month as the number of home sales fell to the lowest level seen in January in 10 years.”

southseacompany
southseacompany
1 year ago

“Vancouver home sales plummet, mortgage stress test rule blamed”, Georgia Straight

https://www.straight.com/news/1235506/vancouver-home-sales-plummet-mortgage-stress-test-rule-blamed

“The Real Estate Board of Greater Vancouver is reporting another painful month for the housing market”

southseacompany
southseacompany
1 year ago

“Metro Vancouver home prices slide again, March sales hit 33-year low”. Global News

https://globalnews.ca/news/5231210/vancouver-march-real-estate-prices/

“In yet another sign of Metro Vancouver’s cooling real estate market, regional sales last month hit their lowest March total since 1986 — while prices were down across all housing types.”

southseacompany
southseacompany
1 year ago

‘Metro Vancouver home prices still sliding as listings pile up: REBGV”, Vancouver Courier

https://www.vancourier.com/real-estate/metro-vancouver-home-prices-still-sliding-as-listings-pile-up-rebgv-1.23809662

“Board reports sales down 31 per cent from a year ago, causing housing inventory to accumulate”

southseacompany
southseacompany
1 year ago

“Vancouver home sales slump to 24-year low as prices continue to fall”, Globe & Mail

https://www.theglobeandmail.com/real-estate/vancouver/article-vancouver-home-sales-slump-to-24-year-low-as-prices-continue-to-fall/

“In April, the benchmark price for detached homes, condos and townhouses dropped month over month for the 11th consecutive time.”

southseacompany
southseacompany
1 year ago

It’s the 2nd day of the month, the stats are in, and the headlines are rolling in;
“Vancouver House Prices Fall By $7,000 A Month As Sales Hit Record Lows”, Huffington Post

https://www.huffingtonpost.ca/2019/05/02/vancouver-house-prices-fall-by-7-000-a-month-as-sales-hit-record-lows_a_23720784/

‘The latest data from the Real Estate Board of Greater Vancouver, released Tuesday, shows no letup in the region’s housing correction”

“The benchmark price for all housing types in the area is down 8.5 per cent from a year ago, to $1.008 million. This works out to a decline of about $7,000 a month over the past year, and it puts the benchmark price back to where it was in June, 2017.”

bullwhip29
bullwhip29
1 year ago

Some temporary residents not paying debts before leaving Canada
https://vancouversun.com/opinion/columnists/douglas-todd-some-temporary-residents-not-paying-debts-before-leaving-canada

>>> some real zingers in this article…enjoy!

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  bullwhip29

I’m sure some permanent residents aren’t paying their departure tax either if and when they choose to leave Canada.

In fact, I’m sure every form of taxation has less than 100% compliance.

Oracle
Oracle
1 year ago

The apologist. It’s a fact that most of these tax evaders are from Asia.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  Oracle

Share the source of that fact or fuck off. On second thought, why not so both?

YVR
YVR
1 year ago

Yes but when it comes to locust the non compliance is the norm, not the exception like it is for everyone else.

KickThemOut
KickThemOut
1 year ago
Reply to  YVR

Sounds like every UBC Compsci and Engineering grade that went south for jobs.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  YVR

The fact you have zero evidence to back up your poorly-chosen words is exactly what defines you as a racist prick.

But you already knew that.

Best place on meth
Best place on meth
1 year ago

It’s a fact they’re liars, cheaters and scammers by nature.

Fuck off.

Oracle
Oracle
1 year ago
Reply to  bullwhip29

I’ve known people in the past from Mexico and Pakistan who did this all the time. They would run up the debts and ‘go back’ to their country. And not pocket change. About $200,000 each time.

Then they would come again. I’d see them. Nickname same but real name changed.

The Mexican guy still at it. Hahaha.

That’s what you get with open borders and no border exit monitoring system. The creditors are probably still searching for John Doe while now he’s called Peter Pan. Hahaha. You can’t make this shit up.

Banana Republic Canada.

Oracle
Oracle
1 year ago
Reply to  Oracle

And that story where Canada is number #1 for those overstaying their visas, guess what? Those people have secretly gone and come back again under a new name. Rinse and repeat.

Canada so behind the times on purpose as the only goal is to flood the country with people for the real estate industry.

bullwhip29
bullwhip29
1 year ago
Reply to  Oracle

Peter, aka Miaofei Pan…

Laibach
Laibach
1 year ago
Reply to  bullwhip29

Locust term is for a reason. An excellent summary of the ubiquitous pattern going in high volume over a long period of time.

“The Canadian system,” Sung said, “simply has no effective way to deal with those who want to come here temporarily, take advantage of our system for their own selfish gain and then move on.”

Best place on meth
Best place on meth
1 year ago
Reply to  bullwhip29

“Like many students of higher education, they are bombarded with credit card offers from companies looking for new, well-heeled clients, Pendakur said. “I know of at least seven young foreign students, under 20 years of age, with three credit cards each. With a $5,000 limit on every card.”

Serves the credit card companies right for offering credit to the least trustworthy vermin on earth.

southseacompany
southseacompany
1 year ago

“Luxury home market experiencing ‘carnage’ in some spots”, CTV
https://bc.ctvnews.ca/luxury-home-market-experiencing-carnage-in-some-spots-1.4404275

“When it comes to some high-end mansions in the tony West Vancouver community called British Properties, it turns out looks can be deceiving. Case in point, the 9,000+-square-foot home perched on Eyremount Drive, with an infinity swimming pool fit for a resort and a view over the water that seems to stretch past the horizon.”

“Real estate records show the mansion last sold for over $11.2 million in 2015, as a new build.
And, according to the listing agent, it just sold again last week. The price tag: $5.5 million.””

Oracleo
Oracleo
1 year ago

Cash exchanged hands in china. Bet the buyer and seller are both Chinese.

YVR
YVR
1 year ago
Reply to  Oracleo

Maybe. But the selling price is now the market price that all other buyers will not want to pay one dime more for comparables.

Laibach
Laibach
1 year ago
Reply to  YVR

Good point, perhaps soon the whole method “Cash exchanged hands in China” will be used for all other types of RE like condos, THs, etc. and drive them 50% down overnight. Why not, Oracle?

Best place on meth
Best place on meth
1 year ago
Reply to  Oracleo

Why don’t they just do an all cash deal and list the official selling price for $1?

We can be like Detroit, only our $1 houses are mansions.

Laibach
Laibach
1 year ago

How market would look if locust is taken away.

““I suspect that prices will continue to soften,” said Eilers, a life member of the Greater Vancouver Real Estate Board. “And where will they go? They’ll go as far as it takes to get the local buyer into the market from a qualification point of view.”

Make Trudeau a Drama Teacher again!
Make Trudeau a Drama Teacher again!
1 year ago
Reply to  Laibach

Like he’s been reading this board.

This is the most simple thing people don’t get.

And que… “but look at Paris, London and Hong Kong locals can’t buy there”

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago

Locals are buying in those places. Locals are buying here, too – approximately 90% of all sales, in fact.

Best place on meth
Best place on meth
1 year ago

We know that you dumb fuck, and it still doesn’t matter.

Spec
1 year ago

Which comes first: 15K party or new thread?

paulb
paulb
1 year ago

New
334
Price Change
125
Sold
114
TI:14900

http://www.clivestevepaul.com

BubbleTea
BubbleTea
1 year ago
Reply to  paulb

Lots of expiry today?

Spec
1 year ago
Reply to  BubbleTea

Comparatively few, actually. Some sellers may be getting serious….or not. We’ll see.

Make Trudeau a Drama Teacher again!
Make Trudeau a Drama Teacher again!
1 year ago
Reply to  Spec

I’ll taken a 3-1 anytime

Laibach
Laibach
1 year ago

How many times you heard someone says “My landlord lives in China or Hong Kong”?

“If there’s any place where there’s a huge leakage, it’s in the rental income from places owned by non-residents,” Usher said. “I’d be shocked that there’s not an awful lot of rent being collected that is not being properly reported to CRA.”

Usher said he hopes the CRA uses data collected by B.C.’s new speculation and vacancy tax to identify non-resident owners earning rental income. ”

https://www.burnabynow.com/news/non-residents-own-a-quarter-of-new-burnaby-condos-are-they-paying-their-taxes-1.23808252

Oracle
Oracle
1 year ago
Reply to  Laibach

Look at Surrey basement suites.

No one is declaring rental income to the CRA. All 80,000 suites.

Why is there not a suite registry? Or rent rebate?

This is legalized tax evasion.

Laibach
Laibach
1 year ago
Reply to  Oracle

I guess Surrey is a “family business” all cousins and relatives, slavery, sexual advances and Omertà.

yvr2zrh
1 year ago
Reply to  Laibach

If the owner is a non-resident, the tenant is required to make the tax withholding unless there is an agent making an undertaking to pay the tax. Ultimately, if the owner does not pay the tax, it goes to the tenant and it is very punitive – ~25% of the rent.
So – perhaps there should be some awareness given to people of their obligations and risks for having a non-resident owner.

SilentBob
SilentBob
1 year ago
Reply to  yvr2zrh

I’m not sure if you’re aware how tight the rental market is here, friend. Besides, if the government/CRA won’t enforce compliance on the owners, what makes you think they’ll do it to tenants?

Make Trudeau a Drama Teacher again!
Make Trudeau a Drama Teacher again!
1 year ago
Reply to  yvr2zrh

That information is completely and utterly false.

It is not the tenants responsibility to know the residency of his landlord

Laibach
Laibach
1 year ago

Right calls to start cleaning the shit up. Canada got immensely fucked up by those vermins at all levels so any reduction in that direction would be the right move.

Shelve any talk of a free trade deal; complain to the WTO; expel China’s Winter Olympic athletes. Kick out the ambassador himself.

https://nationalpost.com/news/politics/pressure-mounts-for-canada-to-push-back-against-china-in-largely-one-sided-feud

franko
franko
1 year ago
Reply to  Laibach

Our “sunny ways” policies obviously aren’t working, and it’s high time to start using elbows instead of hugs.

Canada is for Canadians
Canada is for Canadians
1 year ago
Reply to  franko

Trudope has to go so hopefully he is done in October.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  franko

Yeah, Canada has enormous leverage in any negotiation with a country 30x its population and 8x the GDP. It’s just a straightforward matter of choosing the right PM for the job.

Is that what you think?

Best place on meth
Best place on meth
1 year ago

We don’t need those chinese cunts for anything.

Cut them off.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago

Of course. There’s only a $40bn+ trade deficit with China because of all the things we don’t need from them but import anyway just for fun.

Best place on meth
Best place on meth
1 year ago

We can shift our trade away from the vermin and replace it with other countries.

After all, Canada was much better off before we started doing business with those evil scumbags and we will be much better off once again when we tell them to go fuck themselves.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago

I’m sure your analysis on the topic is thorough and sound.

LOL.

Best place on meth
Best place on meth
1 year ago

Great argument, you fucking cunt.

YVR
YVR
1 year ago

Not inly could we live without the toxic cheap junk from China, we would be better off without it. Besides manufacturing is shifting out of China. Too risky with the US dropping the hammer. Six more years of Trump and China will nothing more than bad memory.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  YVR

Right, just like Obama will be in handcuffs?

Your predictions are ridiculous.

YVR
YVR
1 year ago

You don’t negotiate with criminals who can’t be trusted. Besides the only thing Canada sells to China are commodities. We can sell those to anyone. There is finite supply and demand for commodities world wide. And yes a new PM with more than 2 years drama teaching experience could figure that out.

Laibach
Laibach
1 year ago
Reply to  Laibach

Speaking of a crap cleaning and vermin…

Non-residents own a quarter of new Burnaby condos. Are they paying their taxes?

https://www.burnabynow.com/news/non-residents-own-a-quarter-of-new-burnaby-condos-are-they-paying-their-taxes-1.23808252

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  Laibach

What income? I thought all new properties were cash flow negative?

YVR
YVR
1 year ago

The ones that are financed are. Money laundered paid for houses not so much. Still you must file a tax return with revenue and expenses either way or it is tax evasion.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  YVR

Right, because somebody who owes zero wouldn’t bother to submit that.

YVR
YVR
1 year ago

Locust are always cheating on something. They can’t help themselves.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  YVR

Just admit you were wrong for once in your pointless life.

YVR
YVR
1 year ago

Wrong about what? Thinking you can actually have a debate without responding with a slur? Nope, I knew the slur was coming. They always do with you.

Laibach
Laibach
1 year ago
Reply to  YVR

Yep, it’s pathetic but at the same time laughable to see a dick eater asking for someone’s confession.

Shut It Down Already (original)
Shut It Down Already (original)
1 year ago
Reply to  YVR

You can’t even stay on topic, can you? Always looking to weasel your way out. How pathetic.

Best place on meth
Best place on meth
1 year ago
Reply to  YVR

That’s why any trade deal with the US will fall apart soon after signing.

The serial cheaters will get tripped up by the compliance mechanisms.

They are literally incapable of being honest and trustworthy.

Best place on meth
Best place on meth
1 year ago
Reply to  Laibach

A good first step would be to ban all post and packages from that shithole.

Just say that traces of fentanyl have been found on an alarming number of them.

Toss it all into an incinerator.

southseacompany
southseacompany
1 year ago

Vancouver Real Estate Flip Flops

https://twitter.com/vanreflipflops?lang=en

southseacompany
southseacompany
1 year ago

Nice headline in the international press; “Vancouver house prices plummet”, Financial Times

https://www.ft.com/content/20699e8e-676f-11e9-b809-6f0d2f5705f6

“Just a few years ago, it seemed the sky was the limit for Vancouver property values. By May 2017, the average sale price of a detached home in Greater Vancouver — prized for its beaches, mountain views and cosmopolitan downtown (and a park bigger than London’s Hampstead Heath or Manhattan’s Central Park) — hit a record C$1.83m (US$1.36m) after a decade of growth.”

“By February 2019, the average sales price for detached homes in Greater Vancouver stood at C$1.47m; in the city’s West Side, considered one of the area’s most desirable markets, prices have fallen as much as 30 per cent since the 2017 highs, says Tom Gradecak of Westside Realty.”

bullwhip29
bullwhip29
1 year ago

The price to keep Richmond’s drivers from parking on a sidewalk – underneath a “no vehicles on sidewalk” sign – appears to be $2,000, paid for by Richmond residents
https://www.richmond-news.com/news/price-to-pay-for-keeping-richmond-drivers-off-sidewalk-is-2-000-1.23807324

Canada is for Money Launderers
Canada is for Money Launderers
1 year ago

Former B.C. casino supervisor blows whistle on when Macau-style money laundering may have exploded

https://globalnews.ca/news/5215614/money-laundering-canada-bc-casinos-whistleblower-journal/?utm_source=Article&utm_medium=MostPopular&utm_campaign=2014

“in May 1997, the NDP government increased bet limits from $25 to $500 per hand, introduced baccarat tables and extended gambling hours.”

This article is mind-blowing !

Oracleo
Oracleo
1 year ago

Both parties corrupt. That’s why NDP hasn’t launched a inquiry or charged anyone. Or even fired anyone. Lol

They playing the public as fools.

Oracleo
Oracleo
1 year ago
Reply to  Oracleo

Plus Fraser valley riding association presidents/board members have added to their residential real estate holdings since the election. Need any more proof?

Selective Memory
Selective Memory
1 year ago

Hilarious! You’re trying to equate a $500 betting limit to the $100,000 per hand limit permitted by the BC Liberals. More than two orders of magnitude larger!

YVR
YVR
1 year ago

It was millions increased over 1 month in each casino.

In May, the total casino revenue after paying out bet wins was $1,617,000, B.C. Gaming Commission documents obtained by Global News show. The majority went to B.C.’s government, and Great Canadian’s share was $647,000. In June, after the baccarat and higher bet limit changes, revenue in the Richmond casino surged to $2,490,000, with Great Canadian taking $996,000. In July, the Richmond casino win had nearly doubled to $3,035,000. And in August, total Richmond casino revenue was $2.65 million, B.C. government documents show.

Selective Memory
Selective Memory
1 year ago
Reply to  YVR

So lets say 50 million a year? Not quite enough to buy Chip Wilson a mansion. Of course, we know from RCMP reports that Liberal-era money laundering was over a billion dollars a year.

One of those numbers is much, much bigger than the other.

YVR
YVR
1 year ago

Actually according to the NDPs own report it was about the same last year inflation adjusted as when the NPD were in power previously and started the whole money laundering scheme.

YVR
YVR
1 year ago

Poor NDP. Everything is falling apart. No wonder they don’t want a public inquiry.

Best place on meth
Best place on meth
1 year ago
Reply to  YVR

Who said they don’t want a public inquiry?

Besides you, I mean.

YVR
YVR
1 year ago

Eby and Horgan. It may be a bit embarrassing for it to come out the NDP started the whole thing, kept it going and even expanded it. The NDPs own budget shows record revenues over the next 3 years for casino revenue. Where is that coming from with no Chinese money laundering? Filipinos?

Best place on meth
Best place on meth
1 year ago
Reply to  YVR

I don’t recall either Eby or Horgan being opposed to a public inquiry.

YVR
YVR
1 year ago

Premier John Horgan continues to disappoint supporters and others calling for a public inquiry into money laundering and related corruption in B.C. “An inquiry, as you know, there’s been many over the years in B.C.,” said Horgan on Friday when pressed by host Jon McComb on CKNW. “They tend to cost a lot of money and lead to a report that’s a few inches thick that sits on a shelf. “That’s not what the public wants, that’s not what we want.”
https://vancouversun.com/opinion/columnists/vaughn-palmer-good-reasons-to-avoid-public-inquiry-into-money-laundering

YVR
YVR
1 year ago
Reply to  YVR

Attorney-General David Eby voiced a related objection to calls for a fault-finding inquiry into lax regulation and money laundering in the casino sector.

Best place on meth
Best place on meth
1 year ago

Anybody here going to see Bill and Hillary Clinton give a speech at Rogers Arena this Thursday?

If so you should be able to get a whole section for yourself.