Saturday free-for-all! Money laundering edition.

It’s been our position for years that money laundering isn’t a primary driver of the Vancouver real estate market, but we’re now willing to admit it may be a factor.

So, does anyone have any good money laundering tips? The government doesn’t seem to mind and it looks like a good way to fund retirement.

As always post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!

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Canada is for Money Launderers
Guest
Canada is for Money Launderers

Premier makes no immediate commitment on public inquiry into money laundering

https://www.citynews1130.com/2019/05/10/premier-no-commitment-inquiry-money-laundering/

VANCOUVER (NEWS 1130) – There is no immediate decision from Premier John Horgan on whether or not the province will hold an inquiry into B.C.’s money laundering problem.
This comes a day after we learned more than $7 billion was washed clean in this province by criminals last year.

is this where the finger-pointing starts ?

Canada is for Money Launderers
Guest
Canada is for Money Launderers

“This comes a day after we learned more than $7 billion was washed clean in this province by criminals last year.”

Chief HAM denier Garth Turner will have a hard time twisting this fact to fit his narrative.

stand up for canada
Guest
stand up for canada

Garth is an idiot. He will say that these are “Canadians” who are washing money. Not “overseas”. FYI, everytime I post something related to money laundering and Chinese people I get my message deleted at CBC. The elites don’t like the truth.

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

Perhaps it’s because you’re posting like a racist shithead?

Best place on meth
Member
Best place on meth

Another slur from the hypocrite.

Also, what did he say that was racist?

Oracle
Guest
Oracle

Eby saying that it’s a federal responsibility now to take action. LOL.

Hyper-mega-Bull
Member
Hyper-mega-Bull

are HAM deniers cynical scum, useful idiots, blind to the obvious, have a hidden agenda, hyper politically correct, or all of the above?

Which adjective best fits patriotz?

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

Patriotz probably left after finally realizing that not speaking out against the extremist shithead racism here is incompatible with their Ottawa career.

Best place on meth
Member
Best place on meth

You’re wrong again.

Always wrong it seems.

Oracle
Guest
Oracle

Patriots is a globalist shill working for the immigration department in Ottawa.

Guy buys a house and tells everyone to rent. Hahahaha

Oracle
Guest
Oracle

Bigger idiots are those that defended him for years here.

Now those same idiots are defending the NDP.

Something tells me I’m going to be saying the same thing with regards to NDP-idiots here when I tell them ‘told you so’ in 1.5 years time.

Royce McC
Guest
Royce McC
It’s not mutually exclusive to hold the positions that 1) foreign $ are a massive factor in this market and 2) that the bulk of participation in this market is from locals (not “locals”). The push at the top end of the market, drying up now, and the explosion in prices after the CAD took a >30% haircut after 2014 supports the foreign $ argument. And the explosion in debt for “average” households speaks to how many people were willing to play the FOMO game. There obviously needs to be a clean-up of the corruption and money laundering (known about for a long time but now facing an undeniable public glare). Who has faith in any level of government or media on this topic? The NDP are getting accolades for doing the bare minimum – and not quickly enough. That… Read more »
Joe Money
Guest
Joe Money

Yes. The massive increase in the money supply after both the Dot.Com bubble and the Financial Crisis has created worldwide asset bubbles, especially in real estate. This only encourages foreign buyers, money launderers, FOMO, massive personal debt, etc.

That is still the root of our problem.

How will it end?

https://www.nytimes.com/2014/07/08/upshot/welcome-to-the-everything-boom-or-maybe-the-everything-bubble.html

Canada is for Money Launderers
Guest
Canada is for Money Launderers

Why criminals look to Canada to launder their money through real estate

https://vancouversun.com/pmn/business-pmn/why-criminals-look-to-canada-to-launder-their-money-through-real-estate/wcm/a92ff0e2-50d7-4336-90fc-d859a8ee0c92

They often start by mixing ill-gotten gains with legitimate proceeds — from a restaurant or other cash business — and depositing them in a bank.
The funds are then funnelled through a series of shell companies and trusts registered in tax havens such as the Seychelles or British Virgin Islands. These states have tiny corporate taxes and, like Canada, offer anonymity by allowing the real, or “beneficial,” owner to go undisclosed.
Last year some $7.4 billion overall was laundered in B.C., out of a total of $47 billion across Canada, according to Thursday’s report by an expert panel led by former B.C. deputy attorney general Maureen Maloney.

Canada is for Money Launderers
Guest
Canada is for Money Launderers

Panel found some B.C. money laundering estimates ‘unreliable’

https://vancouversun.com/business/real-estate/panel-found-some-money-laundering-estimates-unreliable

The panel that produced the German report said it didn’t include dollar estimates for money laundering in B.C. for the years 2016 and 2017 because it wasn’t confident in the data available for those years, which happen to be when the Vancouver real estate market was at its hottest and money flowing out of China was at its highest.

Its omission of the years 2016 and 2017 is glaring because that is when the Vancouver real estate market was at its hottest, with price gains of over 40 per cent in some areas. Those years were also when money coming out of China seeking safer havens sharply surged to highs of over $725 billion US.

Canada is for Real Canadians
Guest
Canada is for Real Canadians

Canada wants more international students — but getting a visa isn’t easy for some

https://globalnews.ca/news/5267063/canada-international-students-visa/

International Students: the crack cocaine of the educational system.

Oracle
Guest
Oracle

This will push up already high rents.

This will also allow more money laundering as foreign students are exempt from the foreign buyers tax. The low end in the lower mainland will have a higher floor.

patriotz
Member

“This will also allow more money laundering as foreign students are exempt from the foreign buyers tax.”

In fact the lawsuit against the FBT was filed by a Chinese foreign student who was required to pay the FBT. Google “Foreign buyers tax on trial — but B.C. claims crisis called for action”.

Here’s some advice for you – if you’re going to lie, stick to things that aren’t publicly documented. Like lying about where I work, which you seem to enjoy.

https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/additional-property-transfer-tax#exemption

Laibach
Member
Laibach

It is important to understand that Oracle is avant-garde artist therefore his “lies” are rather abstract expressions like surrealism and speculative poetry.

https://en.m.wikipedia.org/wiki/Speculative_poetry

Laibach
Member
Laibach

Of course, get the shit going and have them show where money came from otherwise take it. Easy come, easy go and don’t forget to ship them back home.

“Expert panel recommends allowing government to confiscate property without linking it to crime”

https://www.cbc.ca/news/canada/british-columbia/bc-money-laundering-unexplained-wealth-order-1.5132202

Canada is for Canadians
Guest
Canada is for Canadians

In the normal world I’d say this is a bad idea but we no longer live in a normal world, but we live in a world distorted by illegal money laundering inflows that needs to be stopped somehow.

stand up for canada
Guest
stand up for canada

Agreed. I normally would be against this type of thing but drastic times call for drastic measures. The student or housewife declaring zero income should have their McMansion confiscated. That will put further downward pressure on the market.

Best place on meth
Member
Best place on meth

All of these scumbags should have their property confiscated, citizenship stripped, and sent back to china.

Everything they’ve done since applying to come to Canada has been a lie.

Oracle
Guest
Oracle

Apparently Eby “shocked” and Trudeau “extremely alarmed” over money laundering.

You can’t make this crap up. Hahaha

Like they don’t know what’s happening. Now they will point fingers at each other. And do nothing.

Specuskeptic
Member

“You can’t make this crap up. Hahaha”

You do it all the time. It’s called “lying”. Hahaha.

Oracle
Guest
Oracle

Oh so has the inquiry been called? Has any organization lost their licence? Any lawyer disbarred? Has anyone been charged? Has there been any policy put in place that’s already in action??

Just reminding you we are closer to the next election than we are away from the past election. !!!!

And NO WAY NDP allows housing prices to fall in the final year of their 4 year mandate.

Are you still with me?

I’ll be here to remind you in 12 months time. Oh, and you’ll get a card in the mail from the NDP in the next 12 months for a donation for the upcoming election. Vote NDP for housing action. Hahaha. And you’ll send your $100. Enough said.

Specuskeptic
Member

Your desperation is showing….

realist
Member
realist

Repost: the PM has no excuse for ignorance. Amongst other advantages he has to inform himself of the facts, he spent much time school teaching in West Point Grey, where the “irregularities” of the local RE market have for many years been on florid display.
Captain Renault puts it is well in “Casablanca”:

“I am shocked, shocked! to find that gambling is going on here!” (Croupier walks up to Renault and hands him a pile of money, saying “Your winnings, Sir!” )

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)
Where’s EBY ??? squawk …squawk… Lots of reports and news releases about the $$$ Laundering.. NDP is NOT going to touch this much anymore… as their last batch of tactics seems to have been a combination of useless and/or making things worse. NDP is in survival mode…the Leftie parties are seeing the Voters across Canada losing any confidence in what are traditionally useless NDP……BC Liberals simply wait it out. Keg Waiter Premier has got his shite – eating grin on auto- pilot..move along..nothing to see here. The 2008 GLOBAL crash would have been worse except for liquidity provided by injection of criminal – sourced aka laundered funds..this is why they don’t dare lift up the rug too far. EBY should look at ending ICBC..too many parties are sucking this cash cow dry..it needs to go(Or again…this would have a devastating… Read more »
Oracle
Guest
Oracle

If they’re not going to touch housing then they can kiss themselves goodbye.

Oracle
Guest
Oracle

Or even if low end doesn’t correct in the valley, they are done. They will lose the housing votes.

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)
Re Foreign/International Students… This is going to end up a friikin disaster. Cash Cows: Australian universities making billions out of international students | Four Corners https://www.youtube.com/watch?v=Sm6lWJc8KmE Universities have long ago whored themselves out of much credibility and instead propaganda arms of Big Brother and Oligarchs. In Australia… some universities are looking to waive such basic requirements as English proficiency……WTF ? Back in my High School days… only 10% of the students went on the University. Once you got there…… only 25% of 1st year actually graduated. Given the recent college admission scam…employers will be increasingly leery of “graduates” even from so-called top universities. Now this: https://www.dailywire.com/news/22073/berkeley-students-protest-exam-demand-take-home-frank-camp QUOTE: A video has surfaced on YouTube showing students at the University of California, Berkeley protesting an exam, and demanding a “take-home essay with significant time to prepare.” The reason? “Our well-beings are being… Read more »
Best place on meth
Member
Best place on meth

Universities have become garbage institutions.

Far left indoctrination combined with selling out to china is not a good look for these formerly admired places of higher education.

Today they would be best used as target practice for the US Armed Forces newest weapons, and that goes triple for the shithole known as UBC.

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)

I normally respect GT….

…..but today he’s getting involved in a pissing match defending shill and hypocrite David Suzuki…ignoring blatant evidence.

Canada is for Canadians
Guest
Canada is for Canadians

And the Garth Turner echo chamber is out in full force over there as well …

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

“Suzuki has a Ph.D in Zoology and was a UBC professor for more than 40 years. He’s written 52 books, hosted TV series seen in 50 countries, won the Order of Canada plus a UN medal for environmentalism. Now tell us about you”

He has a point.

Canada is for Canadians
Guest
Canada is for Canadians

David Suzuki is an entertainer and an opportunist. There is nothing wrong with that but people should be aware of where he’s coming from. He also owns 4 houses one of which is co owned with an oil company. He his only in it for the money. In typical Garth Turner fashion, we only get his half story spin on this.

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

Then you should have no trouble at all identifying the property and the oil company.

Canada is for David Suzuki Fanboys
Guest
Canada is for David Suzuki Fanboys

You can Google that because it is public information.

YVR
Guest
YVR
Shut It Down Already (original)
Guest
Shut It Down Already (original)
He’s already responded publicly to that, a long time ago: https://davidsuzuki.org/story/false-allegations-pollute-well-public-discourse/ “As for the claim that David owns land with an “oil company”, we did what journalists are supposed to do before running a story. We checked with the company’s owners, a couple living on the Sunshine Coast. They told us the husband’s father ran the company in the 1950s and ’60s to distribute oil to households and small businesses, mostly for furnaces. When the company folded, they used the assets to buy into co-owned land on remote Nelson Island, and it has not operated as anything other than a holding company since the late 1960s. David and a friend, who knew nothing about the company, bought into the property many years ago with the express purpose of protecting it from development. He has made other investments in real estate… Read more »
Canada is for David Suzuki Fanboys
Guest
Canada is for David Suzuki Fanboys

I don’t need to refute what Suzuki says, he can deny and say whatever he wants to about it, but he is an entertainer who profits from other people’s gullibility and his foundation accepts donations from US environmental groups for political purposes and to fulfill their agendas . His carbon footprint is enormous. It’s all documented.

Selective Memory
Guest
Selective Memory

The right-wing attacks on David Suzuki are kind of reminiscent of China’s demonization of the Dalai Lama. It makes them look so stupid I’d kind of hate to see them stop.

Specuskeptic
Member

I generally agree. Criticism is fine as long as it is fact-based. Criticism of his stance on GMOs and nuclear power might be a good place to start, for example, as his romantic notions about the environment cloud his views. (He opposes the scientific consensus on those issues.)

YVR
Guest
YVR

David Suzuki agrees with what ever special interest pays him the most.

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

Was he the headline topic of some far-right fuckwit blog today? You’re all wielding your pitchforks for no apparent reason.

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

I’d love to know what Lost Not Leased’s dumbass reply was to Garth, as it was enough to get him DELETED.

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

You’re a loser and he isn’t. It’s really that simple.

Canada is for Canadians
Guest
Canada is for Canadians

Wow what an intelligent rebuttal !

What a simpleton you are SIDA and you are a traitor to Canada, same as Suzuki is also a traitor to this country.

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

Haha, Suzuki has dedicated a lifetime to an important cause which he is fiercely passionate about and gets called a traitor by a fuckwit who has previously posted links to a neo-Nazi website.

You also failed to acknowledge your mistake regarding him co-owning property with an oil company, btw. At the very least you could clarify your position to remove any possible confusion about you apparently trying to imply that he’s some sort of hypocrite or otherwise has evil intent for that land. But, no, I don’t think you’ll be doing that. Loser.

YVR
Guest
YVR

“Suzuki has dedicated a lifetime to an important cause”

Google David Suzuki on Immigration.

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

His personal opinions are irrelevant to me.

YVR
Guest
YVR

You seem to be defending his personal opinions (until you knew what they were) and you just said it was an important cause? See how fake news works. You had no clue who David Suzuki was.

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

I’m able to separate the topics he’s qualified to talk about from those that he isn’t. Confusing, isn’t it?

YVR
Guest
YVR

LOL, confusing for you when you get schooled.

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

So show me where I was “defending his personal opinions”, liar?

You’re just disappointed that I didn’t react to your commment about immigration the way it played out in your head. I can’t help you with that, I’m afraid.

YVR
Guest
YVR

An environmentalist with a family of 2 who has 4 houses? A little hypocritical no?

YVR
Guest
YVR
Best place on meth
Member
Best place on meth

No surprise that a far left hypocrite who scolds people for their excesses while he lives in a mansion would have a huge carbon footprint while sounding a false alarm about man made global warming.

He’s as much of a fraud as Al Gore.

Best place on meth
Member
Best place on meth

Another slur from the fucking slur machine.

Fuck off and die.

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

You’d love to believe that me calling you a racist piece of shit is equivalent to you actually being a racist piece of shit, wouldn’t you?

Loser.

Best place on meth
Member
Best place on meth

“His primary abode is a sprawling mansion in the Kitsilano neighbourhood of Vancouver, worth approximately $8.2 million.

At Occupy Vancouver, Suzuki extolled the virtues of his anti-corporate agenda and condemned excess.”

Leftist hypocrites make me puke.

Ultra Bear
Guest
Ultra Bear

Good doom porn regarding YVR real estate: https://openhousing.ca/

Bubble
Guest
Bubble

A falling knife: start with $11.5 million, now $6 million. Finally the realtor did an open house today, great views.

Date Comments
2019-May-07 Listed $5,988,000
2019-Jan-23 Terminated $7,500,000
2019-Jan-22 Listed for sale
2018-Sep-13 Listed for sale
2018-Sep-13 Terminated $7,988,000
2018-Jul-12 Listed for sale
2018-Jul-01 Expired $9,000,000
2018-Apr-05 Listed for sale
2017-Dec-27 Terminated $11,500,000
2017-Sep-16 Listed for sale

Bubble
Guest
Bubble

5537 CHANCELLOR BOULEVARD
Vancouver
BC Assessment 2018: $7,757,400 (-15% compared to 2017)

Doomcouver
Member
Doomcouver

Saddest part is it’s kind of dumpy inside. Definitely the land that’s 99% of the price here. It’ll probably bottom out at like $900k after the collapse. http://www.century21.ca/creeksiderealtyltd/Property/BC/V6T_1E4/Vancouver/5537_CHANCELLOR_BLVD

Big Bear
Guest
Big Bear

The funny thing is that bulls everywhere are yelling “it’s only temporary like 2008-2009…. minor correction… you’ll be priced out soon”.

Sure…

bullwhip29
Guest
bullwhip29

this all said, the harder things fall, the more desperate the powers that be will be to prop things up. initially i expect them to be measured, patient and seemingly thoughtful about such actions but once a certain threshold is crossed, human nature will kick in and full on panic will ensue

southseacompany
Member
southseacompany

“Forecasting a Bank of Canada rate hike”, BNN Video

https://www.bnnbloomberg.ca/video/forecasting-a-bank-of-canada-rate-hike~1681116

“The Canadian economy added more than 106,000 jobs in April. It was the biggest monthly increase on record and Derek Holt, head of capital markets economics at Scotiabank, says it bolsters his belief that the Bank of Canada will hike interest rates this year.”

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)

Shut It Down Already (original)
I’d love to know what Lost Not Leased’s dumbass reply was to Garth, as it was enough to get him DELETED.

=======================================================================================

Good old SIDA……put on the turban and access a crystal ball..back to jury duty.

BTW how did they allow a perpetual Sino -apologist on the jury panel…….very rare .

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

I bet David Suzuki would know how to use a “Reply” button, too.

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)

Actually…..Suzuki and Rolf Harris look like they could be twins.

Best place on meth
Member
Best place on meth

That would be David’s greatest skill in life, he’s fucking useless at everything else.

No wonder you would bring up something so trivial.

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

You’re far more qualified than he, I’m sure, what with that education of yours and all.

Best place on meth
Member
Best place on meth

Education in this country isn’t what it used to be.

You and hundreds of thousands of semi-literate, borderline retarded chinese students are proof of that.

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

Haha, as if you have a clue how it is today or how it used to be. You’re on form tonight! Good one.

Best place on meth
Member
Best place on meth

You’re in very poor form tonight.

Normally weak and useless with your attempted arguments but especially so now.

Perhaps you’re ill.

patriotz
Member

Actually Suzuki attended university entirely in the US, during Eisenhower’s time as president. His PhD is from the University of Chicago.

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

Actually how is that even relevant, actually?

Actually.

Best place on meth
Member
Best place on meth

Who gives a fuck why Garth would delete a comment, he’s a lying china loving cocksucker with zero credibility.

Canada is for Canadians
Guest
Canada is for Canadians

UWOs, or unexplained wealth orders.

First up, David Suzuki

Big Bear
Guest
Big Bear

RE: Unexplained Wealth Orders

The NDP will probably go the route of UWOs instead of the public inquiry simply because it can be used against their political opponents. Imagine the province owning half of British properties.

Laibach
Member
Laibach

“Cultural” issues?

“Evans says Scheer’s approach is “pretty close to a call for a Cold War with China.”

“I’m afraid there are elements of it,” he said. “It’s not a Cold War like the Cold War we knew with the Soviet Union because of the interaction of the economies, but in terms of it being framed as a battle of social systems — our system versus theirs, different history, different traditions, different institution — it has elements of that Cold War.”

https://globalnews.ca/news/5264467/canada-china-relations-worst-since-tiananmen-square/

Best place on meth
Member
Best place on meth

The war with china is just beginning.

The world has finally recognized what an evil country it is.

Laibach
Member
Laibach

“Illegal house hotels, birthing hotels, hundreds of unlicensed Airbnb suites, homes being used as casinos and brothels, barren stucco mansion ghettos that were once thriving neighborhoods and the City of Richmond goes after the one guy who actually brings a community together.”

https://www.richmond-news.com/community/richmond-haunted-house-could-be-about-to-disappear-1.23799585

bullwhip29
Guest
bullwhip29

this was likely the result of one of his caucasian neighbors whining and complaining to city hall about these so called illegal activities out of simple frustration for buying at the top, buying in the least expensive region of Rmd, for already having lost his DP (and then some…), not being able to flip and left with no option to settle for living at the end of an airport runway for the next 15-20 yrs.

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)

Re SIDA

We shouldn’t pick on ” it…”

He has much to be proud of …like this competition he won hands down.(….2nd over from the left…no pun intended)

https://www.youtube.com/watch?v=vZ9myHhpS9s

YVR
Guest
YVR
Best place on meth
Member
Best place on meth

Clinton, Bush and Obama should be strung up.

Fucking traitors.

Doomcouver
Member
Doomcouver

The whole thing started back in 1969 when the USA lowered trade barriers with China. They should have been frozen out of international trade until their citizens were granted the rule of law, and basic human rights. Corporate greed is the only reason why China was allowed to participate in global trade.

bullwhip29
Guest
bullwhip29

trudeau basically left with decision to $hit or get off the pot now. the more things ratchet up between US and China, the greater the wedge that potentially grows between Canada and the dance partner it will have to turn its back on.

Dave
Member

If the public supports Trump and getting tough on China, then we’ll win. Economically, they are going to suffer more. Delaying a deal is bad for China in my view because international companies are going to shift production to other Asian countries.

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

What affect (if any) do you think this will have on Vancouver RE?

Dave
Member

I think China will continue to tighten capital controls to keep that money in the country, rather than leaking out. But we’ve already realized most of that effect already with the Chinese money having dried up. This will keep it away for now.

The second issue is their slowing economy. They’ll need fewer resources from us, which hurts our economy, which in turn should hurt real estate.

So, I see it as being mostly bearish for YVR real estate.

Big Bear
Guest
Big Bear

Is it allowed in Richmond? : https://www.airbnb.ca/rooms/33807740

bullwhip29
Guest
bullwhip29

“This home locates in the quiet neighbourhoods in Richmond BC.”

>>> fugitives, drug traffickers and money launderers can feel safe that the home will re-locate itself should conditions warrant it and like a chameleon can also change colours and decor to throw off even the most competent authorities

bullwhip29
Guest
bullwhip29

how could a new home like this not have CO2 and smoke detectors installed?

Bubble
Guest
Bubble

What’s your home worth? | A Current Affair (Australia)

https://youtu.be/J_o2ehWj9jo

patriotz
Member

Ontario’s foreign buyers tax figures are now a mystery — and the finance minister says he doesn’t know why

“Those statistics were last published in April 2018. Since Doug Ford’s PCs were elected last June, no new figures have been released…

The head of Transparency International Canada, a corruption watchdog group, believes the foreign buyers tax statistics ought to be available. “The Ontario public has a right to know,” the group’s executive director, James Cohen, said in an interview. “

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

Recent events have totally discredited a decade’s worth of your drivel. Now go away, you Ottawa bureaucrat! #MVCA

Canada is for Canadians
Guest
Canada is for Canadians

International student arrested, facing deportation for working too many hours

https://globalnews.ca/news/5269138/international-student-arrested-facing-deportation-work-permit/

“when he switched colleges and his schedule changed, he started working full time as a truck driver — roughly 35 to 40 hours a week, he said. In a written statement, a spokesperson for the government said Sandhu’s study permit authorized him to work 20 hours a week while going to school.”

Even though this guy ran afoul of the law, I actually do feel somewhat sorry for this guy because he is a hard worker who is trying to make something of himself for his future. This is the type of person we do need in Canada.

Dave
Member

Exactly. In contrast, if you launder money and pay no taxes from your income, you’re welcome to stay here. We need people like him that want to work and go to school.

Make Vancouver Canadian Again
Guest
Make Vancouver Canadian Again

I disagree. We do not need international students like this. They take jobs away from domestic students (personal experienced that when I was in university) and they add to rental demand but their income is external to the local economy so they bid up rents. NO INTERNATIONAL STUDENTS! #MVCA

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)

What Australia is finding is these International Students are using their status as a backdoor to ultimately achieve citizenship.

What happens is too many are allowed in and then its to difficult to remove them…….then possible blanket amnesty.

Shit It Down Already(Original)
Guest
Shit It Down Already(Original)

From Vancouver BC

Developer abandons condo project, puts land up for sale

https://openhousing.ca/2019/05/09/developer-abandons-condo-project-puts-land-up-for-sale/

QUOTE:
A developer who bought up seven Cambie Corridor properties with plans to redevelop the site as a low-rise development appears to have abandoned the project and put the land up for sale.

Buffalo Properties Inc had planned to develop apartments along the 500 block of 65th and 64th avenue, which fall under Cambie Corridor Phase 31.

Every property is priced at $6,828,000.

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

I wonder what he paid for them?

YVR
Guest
YVR

Developer bailing…

Cambie and Marine Dr area

6 houses on W 64th and W 65th

Bought over 2017 & 2018: $27,768,000

Now asking $40,968,000

Seller: Buffalo Properties Inc

https://mobile.twitter.com/mortimer_1