Everybody wants to help you buy a house

Pointed out by southseacompany: all the major political parties want to help you buy a house and the promises are piling up.

They all love the idea of taking taxpayer money to drive up house prices, the current government even wants to get in on the speculation and help out with a 5-10% shared equity program.

The government also confirmed that, because the program gives it an equity stake in the mortgage, it will share any gains or losses in the value of the home over the life of the loan. Any money the government makes on the program will go back into general revenues.

Read the full article here.

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bullwhip29
Guest
bullwhip29

More than 50 “super cars” were on show Saturday off No. 3 Road, for the grand opening of Drive Motorsports’ newly renovated showroom
https://www.richmond-news.com/news/more-than-50-super-cars-line-up-in-richmond-1.23867302

bullwhip29
Guest
bullwhip29

Hunt for Porsche Cayenne leads from Winnipeg to Kelowna to ‘possibly in Asia’
Porsche Financial Services is now suing Siyu Liu, the woman who allegedly signed a purchase contract for the vehicle in Winnipeg in August 2016
https://www.cbc.ca/news/canada/british-columbia/porsche-stolen-kelowna-money-laundering-1.5190021

Best place on meth
Member
Best place on meth

One of Bill Clintons lackeys defends china, of course.]

https://www.theguardian.com/commentisfree/2019/jun/23/china-america-economic-system-xi-jinping-trump

And it’s published by the Guardian, of course.

StupidityCheck
Guest
StupidityCheck

Don’t have much of a life do you? Sad.

Best place on meth
Member
Best place on meth

I don’t know how to respond to such a brilliant argument.

Laibach
Member
Laibach

Some good analysis and graphs here although the US but probably relevant to Canada more than ever…

The Most Splendid Housing Bubbles in America: First Year-Over-Year Drops Since Housing Bust 1

https://wolfstreet.com/2019/06/25/the-most-splendid-housing-bubbles-in-america-first-year-over-year-drops-since-housing-bust-1/

Laibach
Member
Laibach

Beside reducing official Chinese presence in Canada, the government should start ASAP confiscating and auctioning businesses and properties in Canada owned by Chinese individuals and companies with links to the Chinese government and party to recuperate damages to the economy.

China Bans All Canadian Meat Over Arrest Of Huawei Executive Meng Wanzhou

https://www.huffingtonpost.ca/entry/china-canada-meat-ban-huawei-meng-wanzhou_ca_5d129c9ce4b0a394186a171a

SilentBob
Guest
SilentBob

Presumably this means prices for meat will come down for local consumers. Wtf, I love international extradition treaties now.

Best place on meth
Member
Best place on meth

Excellent!

Let’s cut all ties with those filthy chinese cunts.

Back to the 60’s we go!

esterner
Guest
esterner

see, stupid shit like this spewed by the resident racist. why don’t you go back to your mom’s womb, dick head?

Best place on meth
Member
Best place on meth

Ooh, look at all those slurs.

I think one of your relatives is here on the board with us.

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

Misrepresenting others views is really his best chance. It’s therefore no surprise that the proudly uneducated racist moron reaches for it every opportunity he thinks he’s been given.

southseacompany
Member
southseacompany

“How government policies are impacting B.C.’s real estate market for better or worse”, Global News with video

https://globalnews.ca/news/5430196/government-policy-bc-real-estate-market/

“British Columbia’s housing market has cooled to a level that some experts call “recessionary.” But the slowdown appears to have come largely by design. The brakes were applied intentionally, in some respects, by multi-level government policies put in place to rein in a frenzied market.”

xyz
Guest
xyz

In contrast, wasn’t the housing market inflated….by policy as well…but just a different flavour?

ie: Artificially low interest rates

Laibach
Member
Laibach

“Unless [developers are] in a position to self-finance a project, where they don’t need the banks, they’re giving a long, hard thought to how they proceed,” Marsden said.”

Perhaps it’s about the time for capable developers to step up and do what any other businesses are supposed to do in order to be successful instead of relying on foreign, dirty money, laundering, flipping, corrupted politicians and all other kinds of shit that completely destroyed the meaning of the local market and its relevance to the local economy.

bullwhip29
Guest
bullwhip29

Local governments from at least seven provinces and one autonomous region—Hainan, Guangdong, Fujian, Zhejiang, Sichuan, Shanxi, Shaanxi, and Ningxia—have ordered a number of businesses and residential complexes to “rectify” names that suggest “Western-worship,” “feudal practices,” or “exaggeration,” official documents and news reports show
https://qz.com/1648853/chinas-rectifying-western-worship-real-estate-names/

Nom Nom Nom
Guest
Nom Nom Nom

yet we are branded xenophobic when suggesting that we raise issue with storefront signage that include neither of Canada’s national languages!?

Best place on meth
Member
Best place on meth

The people who are “branding” you as such are lowlife dirtbags.

Feel free to tell them so.

bullwhip29
Guest
bullwhip29

SCMP: Foreign ownership main culprit for unaffordable housing in Vancouver, a top destination for Chinese funds, ‘unimpeachable’ study says
https://www.scmp.com/news/china/money-wealth/article/3016074/unimpeachable-study-calls-foreign-ownership-primary-culprit

Best place on meth
Member
Best place on meth

“The white paper by Josh Gordon, an assistant professor at Simon Fraser University’s school of public policy, found a near-perfect 96 per cent (or 0.96) correlation between various metro Vancouver municipalities’ price-to-income ratios (a common measure of unaffordability), and the proportion of their detached houses in which at least one owner was a non-resident.
A leading researcher who was not involved in Gordon’s study said its findings were “unimpeachable”: the more that a Vancouver municipality was favoured by non-resident owners, the more unaffordable its detached houses tended to be.”

Case closed.

Dave
Member

No. It just shows that foreigners prefer to buy luxury homes. And there are more luxury homes in expensive neighbourhoods. Statistically irrelevant.

Best place on meth
Member
Best place on meth

I didn’t know Richmond and Burnaby had so many exclusive and expensive neighborhoods.

Is that why the prices there are so out of whack?

Dave
Member

No question foreign money has displaced local buyers and inflated prices. But this isn’t the way to do the evaluation in my opinion. I think you need to track the total volume and distribution of foreign money in the market. It’s also affected Victoria and Kelowna despite those markets having a low percentage of HAM because displaced buyers pursued more affordable options. It’s not a simple thing to study.

Best place on meth
Member
Best place on meth

You have it partly figured out, it’s called the ripple effect.

Chinese buy in the most expensive and most desirable areas enriching the sellers beyond their wildest dreams who then move into lower cost areas nearby.

Those areas become inflated due to the new demand from enriched owners and the sellers there move further out with their windfall just like the sellers did in the first wave.

Prices continuously inflate further and further out until a piece of shit house in Abbotsford costs a ridiculous $1 million.

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

Meanwhile 90% of sales are to locals who coincidentally have run up massive mortgage debt, blown their brains out with HELOCs, scarified all forms of savings, and left themselves one missed pay cheque from financial distress.

That totally sounds like they’ve been beneficiaries of trickle-down enrichment, doesn’t it?

At least Dave understands that correlation is not necessarily causation.

Best place on meth
Member
Best place on meth

Oh god, here we go again with this fucking retard.

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

I really feel overcome by pity when I see you struggling like this.

Not really. I’m still laughing at you.

Oracle
Guest
Oracle

Hahaha. SIDA owned again.

He sounds like a total moron lacking a brain.

bullwhip29
Guest
bullwhip29

FT: Why China fell out of love with New York property
https://www.ft.com/content/3c5d0292-8c50-11e9-a1c1-51bf8f989972

bullwhip29
Guest
bullwhip29

Large advertisements that ran in the Sing Tao and Ming Pao newspapers in the last two weeks denounce the protesters as “radicals” and appear to support the Communist Party’s position on a since-suspended extradition bill between China and Hong Kong
https://vancouversun.com/news/local-news/local-chinese-groups-take-out-pro-communist-party-ads-amidst-hong-kong-protests

Best place on meth
Member
Best place on meth

These communist propaganda outlets need to be shut down.

We cannot allow supporters of Nazi china to operate on Canadian soil.

Jail sentences must follow for those who write this hate speech.

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

Prosecutions for hate speech? Finally something we can agree on.

YVR
Guest
YVR

You could be prosecuted daily for hate speech. Although maybe retarded parrots would get a pass.

Best place on meth
Member
Best place on meth

I bet you didn’t notice your words in all three sentences, did you hypocrite?

Watcher
Guest
Watcher

CRA Is thankfully getting more aggressive with penalties on these cameras. So now they have to pay penalties equal to 50% of the tax evaded, plus the tax, plus interest on the tax.

“Whereas penalties accounted for 8.3 % of assessments in the Toronto and Vancouver region, from 2015 to 2018, they accounted for 17.7% of assessments in the first three months of 2019, when the CRA collected $30 million. Penalties are not broken down by province.

The CRA states it will apply a penalty equal to 50% of the additional tax payable if a taxpayer knowingly makes a false statement when filing a return. That means about 22% of the total assessments (or $201.8 million) derived from what auditors determined to be intentional false statements.”

Watcher
Guest
Watcher

Massive real estate related income tax evasion in BC:

“The 539 B.C. audit assessments conducted between January and March this year average $208,163, for a total of $112.2 million. By comparison, the 2,565 Ontario audits in the same three months have resulted in an average assessment of only $22,261.”

https://biv.com/article/2019/06/potential-cases-tax-evasion-bc-real-estate-rising

Best place on meth
Member
Best place on meth

“The 539 B.C. audit assessments conducted between January and March this year average $208,163, for a total of $112.2 million. By comparison, the 2,565 Ontario audits in the same three months have resulted in an average assessment of only $22,261.”

Wow, CRA has the locusts figured out now and are hitting them hard.

Hopefully they sell and go home.

YVR
Guest
YVR

LOL in BC $208,163 average assessment versus an average assessment of $22,261 in Ontario.

Oracle
Guest
Oracle

They will play the naive card. Won’t get an additional penalty on top of taxes evaded.

Little Chinese lady looking stunned and saying No angrish.

Meanwhile, she has said ‘Stah Lee Pak!!” In the past.

And she probably supports the Chinese holding the Canadians hostages.

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

Perhaps you would be so kind to link to your source which breaks things down by nationality?

Oh, you don’t have one because you’re an uneducated dumbfuck racist. I forgot.

YVR
Guest
YVR

Is locust a nationality?

Oracle
Guest
Oracle

China is a country. BPOM likes the HK protesters.

Best place on meth
Member
Best place on meth

Go ahead and keep defending our enemies.

Go ahead and keep calling Canadians who defend our country every nasty name you can think of.

That’s who you are.

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

You’re the defender of nothing except other hate-fueled pricks.

And you’ll have to direct me to the official position of the government of Canada classifying China as an “enemy”, too. I missed that one.

Idiot.

Now shriek “traitor” at me?

Best place on meth
Member
Best place on meth

The official position of a lowlife who admires the totalitarian regime in china is irrelevant.

We will expel this piece of trash from our government in a few short months, much to your dismay.

Now, did you see how I made my point without hurling slurs and childish insults at you?

Of course not, you’re incorrigible.

bullwhip29
Guest
bullwhip29

“The 2019 audits show an uptick in penalties for knowingly making false statements on returns – which can lead to criminal prosecution for tax evasion. However, no charges have been laid.”

paulb
Member

New
223
Price Change
103
Sold
110
TI:15902

http://www.clivestevepaul.com

Canada is for Canadians
Guest
Canada is for Canadians

China is at it again …

https://www.ctvnews.ca/politics/china-asks-for-suspension-of-canadian-meat-exports-1.4482411

This is ironic when china is the world’s worst food polluter …

Best place on meth
Member
Best place on meth

Enough of this already, just ban all their crap from coming here.

And that includes their “people”.

Laibach
Member
Laibach

Absolutely, that should be an ultimate objective. The Canadian “system” is falling apart due to their inexhaustible contribution of all kinds of shenanigans and unprecedented crap at all aspects of ordinary life.

“A Liberal MP hired his girlfriend as a constituency assistant, then fired her at his wife’s behest and refused to provide child support to their daughter, according to allegations contained in two lawyers’ letters obtained by the National Post.”

https://nationalpost.com/news/liberal-mp-hired-girlfriend-to-work-in-riding-office-then-fired-her-and-refused-to-support-their-baby-lawyers-allege

Best place on meth
Member
Best place on meth

“The accusations have surfaced days after Tan — who made history in 2015 as the first Mandarin-speaking, mainland-China native to be elected to Parliament — unexpectedly announced that he would not run for re-election in October.”

What a combination. A locust and a liberal. If there was a math equation for that it would be Vermin to the power of 8.

southseacompany
Member
southseacompany

“Condo incentives aim to kick-start stalled market”< Business In Vancouver

https://biv.com/article/2019/06/condo-incentives-aim-kick-start-stalled-market

"“The magic number is 50%,” said Vince Taylor, president of Platinum Project Marketing, referring to the percentage of sales condo developers must achieve before they can secure construction financing from increasingly nervous lenders."

"In the current market, developers may set out a nine-month marketing window as they attempt to sell half the units in a project. Just two years ago, it was not uncommon for an entire condo project to sell out within days."

YVR
Guest
YVR

‘Pile of hypocrisy’: Trudeau called out for single-use plastic forks in photo

I guess the drama teacher meant everyone else should be banned from using plastic forks. Just like when he excluded himself from women must always be believed when he was accused of sexually assaulting a woman.

https://www.ctvnews.ca/canada/pile-of-hypocrisy-trudeau-called-out-for-single-use-plastic-forks-in-photo-1.4481728

Best place on meth
Member
Best place on meth

Perfect example of utter hypocrisy I was referring to.

Why can’t he eat pizza with his hands anyway?

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

This is how desperate you are. The cutlery is nowhere near him, there’s no sign that he used it, no indication that he requested it, and it might not even be made of plastic. But don’t let that stop your imagination.

Ultimately, as a result of this however, I’m sure he’ll give clear instruction about how such items are prohibited in future meetings – which is what you want, isn’t it? Oh wait….

YVR
Guest
YVR

You are confused again. That was an article photo and quote from CTV News. I guess Turd didn’t give them enough money.

Best place on meth
Member
Best place on meth

Wrong, clown.

I don’t want plastic forks banned forever, I want hypocritical traitorous politicians banned forever.

I want them to pay a heavy price for their treason.

Jail time, or worse.

YVR
Guest
YVR

That wouldn’t be very lady like to eat with his hands. Doesn’t he carry metal cutlery in his purse?

Canada is for Canadians
Guest
Canada is for Canadians

maybe the Turd saw this one ?

https://www.youtube.com/watch?v=UxB-H6f3crY

Laibach
Member
Laibach

Good old strategy perhaps not working as much any longer?

Trudeau needs to cool it with the ‘Conservatives = racists’ talk

https://torontosun.com/opinion/columnists/agar-trudeau-needs-to-cool-it-with-the-conservativesracists-talk

Best place on meth
Member
Best place on meth

The hypocrisy of liberals on full display.

They like to think they are tolerant, inclusive, welcoming, loving….as long as you think the way they do.

If you don’t, they are as nasty, viscous, intolerant and divisive as anyone on this earth.

Identity politics and the race card are their favorite tools to shame you.

YVR
Guest
YVR

They have no ideas other than to stoke fear. Racism and climate change are their favorites. I can’t believe people are stupid enough to fall for this stuff. These progressives fail everywhere they are elected. Trudeau is just another example.

Best place on meth
Member
Best place on meth

You can’t believe people are stupid enough?

Just look who slithered out from under his rock right on cue, like a trained animal.

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

The people who despise scumbag racists are the stupid? Not the proudly-uneducated ones spouting nonsensical hatred 24/7? LOL.

Now call me a “traitor”. You’ll feel better.

YVR
Guest
YVR

Right on queue the retarded parrot squawks racists. Even the lefties are calling Joe Biden a racist now. Hilarious.

Who spouts hatred 24/7 retarded parrot? Didn’t they put a mirror in your cage? Have a look in it.

You sound just like the dumbest prime minister in Canadian history. The guy who can’t win an argument with the opposition so he squawks racist. It seems that is what all dumb people do. If you wan’t to parrot someone pick someone smart.

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

I think you meant “cue”.

Now call me dumb again?

Best place on meth
Member
Best place on meth

You’re dumb again.

YVR
Guest
YVR

LOL insults and grammar. That is all you got. You’re dumb.

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

“All you HAVE”.

YVR
Guest
YVR

Like I said. That is all you got. Funny how you keep proving my points.

Best place on meth
Member
Best place on meth

People use slang sometimes for the fun of it, it doesn’t mean they don’t know proper English.

Do you understand, you pretentious cunt?

Did I spell that word correctly? C-U-N-T?

Specuskeptic
Member

Charges laid against money-laundering dickheads.

https://omny.fm/shows/the-simi-sara-show/fraud-money-laundering-charges-laid-against-4-exec

Gotta keep the pressure and publicity up to make sure word gets out that dirty money is not welcome and that there are potential penalties. I’d like more, but I’ll take this first step as a small victory.

bullwhip29
Guest
bullwhip29

to be more specific, these fine folks were just providing a service to the money launderers.

YVR
Guest
YVR

Charges laid by the US. Still waiting on Eby to do more than a press conference.

southseacompany
Member
southseacompany

“As sales stall, Metro Vancouver caught between a buyer’s and seller’s market”, Global BC with video

https://globalnews.ca/news/5418388/as-sales-stall-metro-vancouver-caught-between-a-buyers-and-sellers-market/

““Prices now are back to where they were around, say, mid-2015,” Brendon Ogmundson of the B.C. Real Estate Association said.” In some cases, asking prices have dropped dramatically below assessed values in a bid to attract buyers.”

“It’s a similar story in other parts of Metro Vancouver. Detached properties in the Tri-Cities have sold at a loss, going for well below assessed, with attached units and townhomes following suit. Those plunging prices are paired with a tangible drop in buyers.”

southseacompany
Member
southseacompany

“dropped dramatically ” “sold at a loss” “well below assessed” “plunging prices” “declined 30 per cent” “plunged 34 per cent.” “sliding further this year”

Great phrases in the MSM.

southseacompany
Member
southseacompany

“Vancouver home prices grew over 200% faster than New York City since 2000”, Daily Hive

https://dailyhive.com/vancouver/vancouver-home-prices-global-comparison-2019

“Better Dwelling looked at housing data between January 2000 and March 2019, and it found that Vancouver’s home prices grew 207% faster than New York City over this period”

“Canada’s two largest cities also experienced relatively huge price growth when compared with major American housing markets, but none nearly as high as Vancouver’s rates; Toronto grew by 240%, while Montreal climbed by 189%.”

Best place on meth
Member
Best place on meth

Well, that makes perfect sense.

New York has so much more land than Vancouver.

Laibach
Member
Laibach

Of course it was 200% faster while it was running on Chinese turbo-charging with fucking high-pressure direct injection of dirty money and all other kind of their shit. It is strange it didn’t explode in the process…

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

RateHub now offering a 2.59% 5yr fixed.

Oooof.

Best place on meth
Member
Best place on meth

You’re loving it aren’t you, oracle?

Cocksucker.

Specuskeptic
Member

Although Boracle has a pile of sockpuppets, I don’t think SIDA is one of them.
SIDA keeps their story straight and is consistent. The other one? Not so much…..

Best place on meth
Member
Best place on meth

Didn’t mean it literally.

Just meant that they’re two rotten peas in a pod.

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

Somebody’s touchy.

paulb
Member

New
246
Price Change
153
Sold
133
TI:15908

http://www.clivestevepaul.com

Screwed
Guest
Screwed

It will never be 16k :-((

Dave
Member

Thursday. And back under by Tuesday.

squeak
Member
squeak

“Meng Wanzhou’s lawyers say Canada should end extradition for ‘national interests'”

Being humble and knowing that just about anybody can be replaced by a snap of fingers, nobody is unreplaceable :

When I see a headline like this in the papers, I get even more suspicious. Some very higher ups are desperate to hide something..
I really they are not that worried about Meng, probably a dispensable puppet, It is something else..

Best place on meth
Member
Best place on meth

Throw the worthless cunt in jail and dare the chinese to do something about it.

esterner
Guest
esterner

We will occupy your country. Do something about it, take action, instead of sitting in a basement and spewing garbage. F@#@K stupid shit!

Simple Solution
Member
Simple Solution

https://www.parkgeorge.com

Due to MASSIVE demand Concord offering to pay 1/2 the mortgage for 2 years for anyone stupid enough to buy…

Must be lineups at the open house and sales centre that is driving this.

Laibach
Member
Laibach

Some good and encouraging news but numbers must further go down significantly in order to meet a healthy demographic and social balance.

“Applications from Chinese tourists wanting 10-year visas to visit Canada were down by almost half this January compared with last, with immigration industry insiders pinning the drop in large part to the continuing political fallout from Huawei executive Meng Wanzhou’s arrest.”

https://www.theglobeandmail.com/canada/british-columbia/article-visa-applications-from-chinese-tourists-down-since-meng-arrest/

Best place on meth
Member
Best place on meth

Great news, now let’s throw the worthless cunt in jail and we can get those numbers down by 95% instead of just 50%.

Chinese are NOT welcome here.

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

Says you, an unemployable racist twat.

Best place on meth
Member
Best place on meth

Eat shit, race baiting meng-meng fanboy traitor.

aaaaahhahahahaha
Guest
aaaaahhahahahaha

Probably getting PR instead.

Oracle
Guest
Oracle

Work permits have quietly been changed. Now temps can work anywhere within their sector.

The same organization says anyone that gets a work permit should get instant PR. WTF?

Looks like floodgates are open.

Doomcouver
Member
Doomcouver

A good development, and what most housing bears were hoping for really. Many Chinese just use these 10 year visas to speculate and flip real estate here, so the less of them coming, the more sane our housing market should be.

Oracle
Guest
Oracle

Many use it to come here and then find a job/pay employer and get a work permit.

If your poor, make some money. Indians.

If your Rich, buy a home without the FBT. Chinese.

Losers in this: locals.

Canada is for Canadians
Guest
Canada is for Canadians

Even if less in total, still astoundingly high numbers….
Thanks to Turd and his cronies, Canada has really sold itself out to the chineeze,

“If you live in China all your life you get used to their system, you don’t understand that in Canada we don’t grab other nationals just as a retaliation measure,” Mr. Ning said.

so let’s start …

Oracle
Guest
Oracle

Misleading.

They give you Jan and Fev figures. They are usually the lowest.

Dec highest. Was 85,000 last year.

Doomcouver
Member
Doomcouver

WTH are you talking about? They’re comparing Jan and Feb 2019 to Jan and Feb 2018, a perfectly valid comparison. Meng was only arrested Dec. 1 2018, and the flood of applications in December was due to visa changes December 31 trying to leave China. The government propoganda in China to avoid Canada obviously didn’t start to have an effect until 2019.

Oracle
Guest
Oracle

Fingerprint requirement now. You can’t come here via multiple aliases.