Sales rise in July but prices slide

We saw and increase in prices last month, but so far that isn’t showing an impact on prices which continue to fall.

That’s according to the latest data from the Real Estate Board of Greater Vancouver (REBGV), which said that despite the bump, sales remained 7.8 per cent below the 10-year July sales average.

“Despite the bump in sales, prices have continued to slide. The benchmark price for a detached home across the region in July was $1.4 million, down 10.5 per cent from July 2018 and down 0.5 per cent from June this year.

Read the full article here.

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Bestplaceonearth
Guest
Bestplaceonearth
Doomcouver
Member
Doomcouver

Owen’s the biggest shill in real estate. What a clown.

Moderated Posts
Guest
Moderated Posts

He actually used the “they aren’t making any more land” meme and then he says “condos will double in price in 20 years or less” then in almost the next sentence he says “I don’t make predictions…” Then he compares condo prices to chocolate bars. LOL is that guy for real ? I stopped listening after the first 4 minutes of that tripe. If anybody can predict where any market will be in 20 years time then they would be wealthy now.

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

Doubling every 20 years is about half the rate of return of a balanced portfolio and more than twice the hassle.

Doomcouver
Member
Doomcouver

Yeah at 4% return a year in an investment portfolio, an extremely conservative amount, you would double your money in about 18 years. Add to that that the base case for a return to normalcy in the property market would be a prolonged period of price underperformance against inflation, housing is probably the worst investment you could decide to make right now. Just for the record, condos aren’t an investment. They’re a skybox you live in that suck money from you for maintenence, strata fees and property taxes. It should be a lifestyle choice when anyone buys a condo, “investment” shouldn’t be a word in any condo-buyers vocabulary.

No Moderated Posts
Guest
No Moderated Posts

Absolutely. Anybody touting a condo as an “investment” has no clue about investing.

Doomcouver
Member
Doomcouver

Agreed, sadly that’s the mindset of your average condo buyer in Canada.

Bestplaceonearth
Guest
Bestplaceonearth

He is a millionaire for a reason…and you are not!

No Moderated Posts
Guest
No Moderated Posts

I could tell you how much money I have made in just the last 2 days in the markets but you wouldn’t believe me so I won’t bother but it’s more than you earn in a year. That little dip over the last few days was very profitable for me…

Bestplaceonearth
Guest
Bestplaceonearth

Just listen to the guy and you will come out ahead! Don’t hang out with whiners. And of course, the same song sings all the time…you make ton of money and your pillows stuff with cash…

Doomcouver
Member
Doomcouver

The same could be said for Dutch tulip salesman in the 1600’s, and we know how that turned out.

Best place on meth
Member
Best place on meth

How do you know he’s a millionare?

Did Bigland the liar say so?

Bestplaceonearth
Guest
Bestplaceonearth

He touched some nerve, didn’t he! Had the pessimists listened to him, they would not whine no more. Unfortunate, they choose Steve-the-landless camp instead.

No Moderated Posts
Guest
No Moderated Posts

and as expected the real estate chimps chime in …

Best place on meth
Member
Best place on meth

Touched a nerve? No, can’t stop laughing at this liar. He may have touched some children though.

Best place on meth
Member
Best place on meth

“These bloggers that are out there, it’s crazy! Just get away from it!”

Haha, good one Owen.

eastender
Member
eastender

One of the best summaries on RE I have read in a long time:

Governments Created the Housing Crisis. Here’s How They Can Fix It
By Michal Rozworski

https://thetyee.ca/Analysis/2019/08/01/Gov-Created-Housing-Crisis-Now-Fix/

Nothing eye-opening here, but all in one place. Just perfect.

Dave
Member

Not a bad summary. But I don’t agree with the solutions. The biggest problem in the last 5-10 years was the massive influx of foreign money that outcompeted locals. We made condos a place for foreigners to park money. The second problem is one of supply and the cost of creating supply. We’re not able to build enough housing units to satisfy market demand at a price point that makes sense for the average person. This causes of this are many-fold and include restrictive zoning, excessive rules, slow permitting, high taxes, etc… Until those things are fixed, housing will never be affordable here.

eastender
Member
eastender

I guess free capital flow is a sacred cow for CCPA (the author writes for them), so they won’t mention foreign money as a problem.

patriotz
Member

“and 10 years of exploding housing prices, of renovictions and demovictions, of working people pushed out of some cities and a real estate investment bonanza for the homegrown and foreign rich.”

That’s just one example from the article of where you are wrong. Also CCPA is left wing and is hardly an advocate for free capital flow. Not asking you to agree with this article, just proving my point.

https://www.policyalternatives.ca/publications/monitor/more-few-bad-apples

eastender
Member
eastender

Before posting my comment, I searched for “foreign” in the article and saw the piece you are referring to. Still, I got an impression that the author does not see it as a problem as proposed solutions never mention foreign capital.

As for the left-vs-right – you seem to be right, here is an interesting research mentioning CCPA:
https://www.macleans.ca/economy/economicanalysis/the-ideologies-of-canadian-economists-according-to-twitter/

YVR
Guest
YVR

From the article:

“Capital, in significant part domestic but also international, alighted on Canadian real estate as a safe, relatively high-return asset. Developers were only too happy to keep building safety deposit boxes in the sky, helping domestic and foreign capital — rather than people — find a home.“

But obviously they guy is wrong that more needs to be done. The NDP have already solved housing according to their followers.

Dave
Member

The NDP deserve credit for doing something about the problem. I don’t think they fully understand what the problem is though. I don’t think anybody does. We don’t know what the flows of money have been and are.

YVR
Guest
YVR

Doing something? Marginally increasing taxes is all they did. Rents up 15% and the overall benchmark still up since the election. Like giving an aspirin to a trauma victim then leaving him to dye and saying you did something.

Dave
Member

The housing market is in a downturn and has been since about 6 months after they took power. I think you could criticize them for a slow start, but at least they ended up doing something. And it wasn’t just an attempt at putting lipstick on a pig. Even if their efforts end up failing, they took a legitimate shot at it. Believe me, behind closed doors, developers are pissed. That’s all you need to know.

YVR
Guest
YVR

Down turn? What about open house traffic?

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

Locals were “outcompeted” yet still somehow responsible for 90-95% of sales?

A laughable proposition.

Moderated Posts
Guest
Moderated Posts

Areas like Richmond have 25-30% foreign ownership… Burnaby is 25% …

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

False.

Moderated Posts
Guest
Moderated Posts

Those numbers have been presented here previously and are well documenbted.

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

The numbers you’re likely referring to are for recently built condos only, which represent a very small fraction of the overall market.

What’s the point in furnishing you clowns with the data you beg for if you completely fail to comprehend it?

YVR
Guest
YVR

What you call a local is considered by most to be a foreigner. PR does not make you a local.

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

You think PRs are foreigners?

Clown.

Best place on meth
Member
Best place on meth

Of course they are.

If they’re not Canadian citizens then what else would they be?

Clown.

YVR
Guest
YVR

Yes they are and they use foreign capital to buy housing. Foreign buying by any definition other than an alt left wing nut bar.

Bag it and tag it
Member
Bag it and tag it

Construction costs have outpaced official inflation by a large margin over the past 30yrs. At least 5 times more expensive now.
All those factors you mentioned should theoretically put deflationary pressure on vacant land, but even with cheap land, building costs are prohibitively expensive for local incomes to afford.

Dave
Member

Exactly. People who aren’t in the business, don’t realize how much price inflation this industry has had. Nor, do they see the causes of it. It’s thousands of little things…

This problem has been masked by falling interest rates. The system, as it is, couldn’t exist if rates didn’t crash after the Great Recession.

patriotz
Member

” We’re not able to build enough housing units to satisfy market demand at a price point”

That’s right – so the solution is to reduce market demand. Make it unattractive to use housing as a piggy bank or retirement fund. The problem, of course, is that so many people already do.

YVR
Guest
YVR

Maybe you should send Eby that suggestion. He seems to be caught in the headlights. Either that or he wants housing prices and rents to go up. Or Horgan has over ruled him.

Dave
Member
That’s not the solution. We want to reduce demand from foreign money and increase demand from local money. We want locals to be able to buy real estate. To increase demand, you need to lower prices. While changes like you suggest help get us there, it’s not the fundamental problem, which is the fact that construction costs and timelines are through the roof. If you have built real estate like I have, and gone through the whole process, you would know that the demands on a developer from the regulators are massive. It takes a long time and effort to rezone a property. It takes a long time and effort to get development permits. And finally, it takes a long time and effort to build and meet all the requirements of today. We need to make development easier and less… Read more »
patriotz
Member

“To increase demand, you need to lower prices. ”

Demand is defined as the quantity of something that the public is willing to buy at a given price, i.e. it’s a function. Demand and supply determine prices. Price is not something that exists independently of demand.

If you reduce demand, i.e. take some buyers out of the market at a given price, prices will go down.

YVR
Guest
YVR

Or add supply.

eastender
Member
eastender

“We need to make development easier and less costly!”

Won’t help. As long as foreign money has virtually limited access to the local RE market, it can buy as much stock as it wants. Even if we increase supply two-fold, foreign “investors” will have no problem buying it provided that cost of maintenance is the same. The amount of money looking for a parking spot is way too big. Globalization, you know.

Oracle
Guest
Oracle

**Chinese Yuan devaluation leading to capital flight and Hong Kong unrest are extremely bullish for YVR housing.

**Mortgage rates headed for record lows as bond yields are crashing.

**Immigration levels at record highs still.

Will NDP allow this money back into housing?

Will the central banks give rise to QE5 as housing too big to fail?

The only bear case I see is a massive recession. And we all know what central bankers will do if that is the case.

1.99% 5 year mortgages meat mean another boom just around the corner.

Oracle
Guest
Oracle

By the way, look at the capital flight figures for July. Unbelievable amount of money left China.

Dave
Member
China’s financial system is very murky and who knows what the real picture is. Most commentators said the Yuan devaluation was pushback against Trump. But, it also could just as likely be caused by the Chinese running out of money to defend their currency. While a lower Yuan is good for trade in theory, it also increases the cost of imports including fuel and food, which make life tougher for their growing middle class. It’s not obvious to me they really want a lower Yuan. The rich in China are trying to get their money out. Is that a vote of confidence in the stability of China? Or is that money flow a vote of confidence in the West? The Chicoms are going to crack down on money leakage because they’re going to need it more and more to settle… Read more »
Don\'t go to moderation
Guest
Don\'t go to moderation

If I was a chineeze crook right now I’d be loading up on GOLD and not Vancouver real estate. Gold is going to skyrocket and it’s a lot more liquid and portable than any Vancouver house is.

Hyper-mega-Bull
Member
Hyper-mega-Bull
Hyper-mega-Bull
Member
Hyper-mega-Bull

“every rich person in china wants to get their money out and into VANCOUVER” (paraphrasing)
http://www.youtube.com/watch?v=v53LOXy9kvA&t=1m36s

Don\'t go to moderation
Guest
Don\'t go to moderation

Bass and Hyper-mega-Bull just talking their book …

Hyper-mega-Bull
Member
Hyper-mega-Bull

it’s 2019 and bears are still denying HAM

Doomcouver
Member
Doomcouver

Immigration numbers are meaningless, It’s net migration you want to watch. It doesn’t support your bull narrative though net migration to Canada has been falling steadily since 2008. The next recession will likely turn net migration negative.

Mortgage rates are near the zero bound. A few fractions of a percent off won’t change anything.

New Chinese capital controls means it doesn’t matter how much Chinese want to get money out of China, it isn’t happening.

Simple Solution
Member
Simple Solution

The ONLY bear case you see is recession? You must have bot up the whole valley by now!

Don\'t go to moderation
Guest
Don\'t go to moderation

Nasty ‘clean up’ letter unites community behind mom whose son has cancer

https://globalnews.ca/news/5735747/mom-son-cancer-gets-spiteful-note/

“Please take pride and straighten up the exterior of your house. Your eyesore is affecting the resale value of our homes,” the note, shared to Facebook, reads. “It does not take that much effort, all you have to do is give a s**t.”

yup it’s always about the money and the “resale value” fukkin’ homeowners greedy scum everywhere …

Bubble
Guest
Bubble

Ending single family zone in the whole city:

The city council approved the Minneapolis 2040 comprehensive plan, which declares the city’s intent to abolish single-family-home zoning and allow duplexes and triplexes to be built anywhere in the city.

https://www.washingtonpost.com/realestate/as-cities-rethink-single-family-zoning-traditional-ideas-of-the-american-dream-are-challenged/2019/06/25/8312a512-4ca3-11e9-93d0-64dbcf38ba41_story.html

patriotz
Member

The city of Minneapolis has only a little more than 10% of the metro population (380K versus 3.6 million) so it’s not really that big a deal Very much inner core.

stagnate
Guest
stagnate

it appears conditions have aligned for massive government monetization and negative interest rates. the next bubble might be precious metals? nonethess I anticipate local real estate to look relatively stagnant for years.

Doomcouver
Member
Doomcouver

The stagnant real estate narrative seems to ignore the massive cohort of recent buyers that have only done so expecting future price appreciation. Buyers’ pro-speculative mindset will only survive so much misery in the property market before they decide to unload en-masse. In my mind the only way you’d see sideways movement in real estate would be coupled with hyperinflation, but hyperinflation is nowhere on the horizon for Canada. As such there are only two likely outcomes over the short term: temporary reinflation of the bubble, or further acceleration to the downside on prices.

stagnate
Guest
stagnate

well dude it sounds good but unfortunately it’s not that simple. with a fiat money system and immigration program forced upon a fixed land base higher prices in the future is a mathematical certainty. how far into that future depends on a multitude of variables we try to measure. if demand and supply are balanced prices stagnate.

Doomcouver
Member
Doomcouver

Sorry price stagnation isn’t in the cards, there’s too much speculative capital parked in real estate for prices to stay in one place for too long. Land isn’t the problem prices have skyrocketed all across Canada even in places where there’s tons of available land. Immigration isn’t the problem housing supply has been exceeding housing formation in Vancouver for a long time now and prices still went up. I’m not even sure what case you’re making for our fiat monetary system causing price stagnation, doesn’t seem related to me.

stagnate
Guest
stagnate

you’re bright enough that I could explain it to you but there’s no point. you’re desperate for a deflationary collapse and you’ve let it incorporate into your psyche.

paulb
Member

New
540
Price Change
220
Sold
235
TI:14819

http://www.clivestevepaul.com

paulb
Member

that’s 2 days 🙂

Specuskeptic
Member

Thanks Paul *thumbsup

Folks all over the interwebs await your crucial input on a daily basis 🙂

As a percentage, how many are re-lists by your reckoning? Extrapolated over two days, that’s 270 per day – quite high for this time of year (while I acknowledge it was a long weekend).

Specuskeptic
Member

“Extrapolated over two days, that’s 270 per day – quite high for this time of year” was referring to listings….

Shit It Down Already (original)
Guest
Shit It Down Already (original)

Richmond’s new aquatic center problem is because the tunnel from China was about to be exposed.

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

I forgot that it’s Welfare Wednesday. Knock yourself out.

Best place on meth
Member
Best place on meth

It’s a special day that reminds you of of the old times, doesn’t it?

What a colourful upbringing you must have had.

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

Once again you have nothing to say but are compelled for reasons unknown to reply. How sad.

YVR
Guest
YVR

Do you ever read your own replys?

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

*replies

YVR
Guest
YVR

I put a grammar error in to see if the retarded parrot takes the bait. Well done retarded parrot you took the bait again.

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

You’re damaged.

YVR
Guest
YVR

Stick with grammar checks and parroting fake news. You have nothing to contribute.

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

Anything you don’t want to believe is “fake news”. It’s pathetic.

Best place on meth
Member
Best place on meth

So why did you reply to your superior when you had nothing to say and weren’t asked for comment?

At least my reply was completely related to the idiotic unrelated comment you just made.

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

Using my handle is inviting me to comment. Duh.

Shit It Down Already (original)
Guest
Shit It Down Already (original)

Sorry …

I refuse to endorse your foreign locust welfare cheques under your foreign locust handles such as Mai Kundt , ……Hoo Flung Poo etc.

Best place on meth
Member
Best place on meth
Bernier’s Peoples Party is up to 5% on the polls and climbing, hopefully they can get to 7-8% by the election and keep growing into 2023. Here is their excellent immigration reform platform: – Substantially lower the total number of immigrants and refugees Canada accept every year, from 350,000 to between 100,000 and 150,000, depending on economic and other circumstances. – Reform the immigration point system and the related programs to accept a larger proportion of economic immigrants with the right skills. – Accept fewer resettled refugees (see Refugees policy – Coming up) and limit the number of immigrants accepted under the family reunification program, including abolishing the program for parents and grand-parents. – Limit the number of temporary foreign workers and make sure that they fulfil temporary positions and do not compete unfairly with Canadian workers. – Change the… Read more »
Shut It Down Already (original)
Guest
Shut It Down Already (original)

150,000 face to face interviews of candidates who aren’t even in the country?

Good luck with that.

Best place on meth
Member
Best place on meth

There are these buildings called embassies and consulates located in foreign countries.

They do a bunch of stuff that you’re likely not familiar with.

Also, many applicants will already be in Canada on other types of visas, many of which you’re probably not familiar with.

Shit It Down Already (original)
Guest
Shit It Down Already (original)

BPOM…..

Why argue with a troll who has all the parameters of someoene who would endorse LGBQT rights for taxidermy specimens?

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

Oh, if he plans to interview those already present who are simply renewing existing documents then the numbers will be far higher. Good point.

But almost 20% of immigrants currently come from India alone. I’m sure their consular offices will welcome the extra responsibility.

Although it’s all hypothetical anyway, as it’s unlikely that he’s actually going to wield any power.

YVR
Guest
YVR

“Although it’s all hypothetical anyway”

Yup just like you said about Trump. It may take another election but change is coming.

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

In your dreams.

You’ve had your little moment. I do hope you enjoyed it.

YVR
Guest
YVR

If the cost is $200 per interview the cost is $30 million per year. I guess if you think 150,000 immigrants per year is not worth $30 million then we could always reduce that number. Didn’t the drama teacher spend that on his last trip to the Caribbean?

Bag it and tag it
Member
Bag it and tag it

Pass the cost of the interviews on to the immigrant as a processing fee.

Oracle
Guest
Oracle

They will instead probably pass it on to you. Based on experience.

MTADTA
Guest
MTADTA

He won’t even win his seat. A vote for him is a vote for Trudeau.

Bag it and tag it
Member
Bag it and tag it

Doesn’t matter if he does or not…all that matters is that their popularity continues to grow which puts pressure on the other parties to reform their immigration policies. Look at the power the Green Party wielded in BC.

MTADTA
Guest
MTADTA

It matters if a vote for him leads to a Trudeau re-election! Do you think he has any intention of reforming immigration? Regardless of Max siphons 5% of the Cons votes.

You are voting for Justin.

southseacompany
Member
southseacompany

“House prices in Vancouver continue to edge lower”, CBC News video

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

“New numbers show a long-term cooling trend in what was once Canada’s hottest housing market.”

No Moderated Posts
Guest
No Moderated Posts

6-year-old South Korean YouTube star Boram buys $10-million property

https://globalnews.ca/news/5697098/boram-10-million-property/

is this who Owen Bigman is referring to when he mentions young people with 6 figure jobs buying condos while inferring everyone else is a loser because they can’t afford YVR real estate?

bullwhip29
Guest
bullwhip29

Chinese tycoon Li Jianhua fights daughter over Canada real estate fortune in lawsuits depicting knife violence, fraud and corporate turmoil
https://www.scmp.com/news/china/money-wealth/article/3021721/chinese-tycoon-li-jianhua-fights-daughter-over-canada-real

Moderated Posts
Guest
Moderated Posts

What a waste of the court’s time just because these greedy foreigners can’t get along.

bullwhip29
Guest
bullwhip29

Erratic driver caught in multiple hit-and-runs in Richmond and Delta
https://www.richmond-news.com/news/erratic-driver-caught-in-multiple-hit-and-runs-in-richmond-and-delta-1.23909056

>>> don’t you just love the news posts photos of a speeding BMW X5 cruising down No 3. Shame on the silly MSM for trying to unnecessarily stir the pot…

bullwhip29
Guest
bullwhip29

however, in other news…more luxury SUVs in Richmond inexplicably flipping over and hitting random obstacles…

High-speed car accident sends three people to hospital in Richmond
https://www.richmond-news.com/news/video-high-speed-car-accident-sends-three-people-to-hospital-in-richmond-1.23907658

Simple Solution
Member
Simple Solution

Traffic Cameras would be of no use here right? Just an invasion of privacy. I am 100% supportive of traffic cameras. Also, any N driver or anyone caught excessive speeding should have a monitoring device in their vehicle.

YVR
Guest
YVR

Traffic cameras give a fine to the vehicle owner. Do you think someone who spends millions on a house and 100s of thousands on vehicles cares about a small fine? Fines are regressive and severely punish the poor but have no impact on wealthy people. Just like carbon taxes.

Simple Solution
Member
Simple Solution
I am not suggesting a fine for going 10KMH over the limit. Traffic camera would be useful when it comes time to renew insurance. Drive like an asshole? Then insurance doubles…. Dont want a fine? Dont break the law. Want cheaper insurance? Dont drive like an asshole…. While we are at it, the should also update our driving laws. Perhaps a system like some European countries would be a bit of a deterrent for idiots on the road? From Swiss government website: Repeat offences If you are caught speeding repeatedly, you will be banned from driving for a much longer period. In the case of excessive speeding violations, you will be banned from driving until it has been decided whether to permanently disqualify you. In addition, you will be assessed by a psychologist to see whether you are fit to… Read more »
YVR
Guest
YVR

Don’t tell me. Tell the NDP who set up the speed cameras with fines which are nothing more than a tax grab and just punish poor people.

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

“… just punish poor people who speed.”

Fixed that for you.

Selective Memory
Guest
Selective Memory

In what parallel universe is YVR concerned about regressive taxes?!?

Doomcouver
Member
Doomcouver

One in 10 ultra-wealthy Hong Kong residents lost their millionaire status in 2018, and an expert says the extreme wealth loss highlights the volatility of their net worths:
https://www.businessinsider.com/hong-kong-billionaire-net-worths-most-volatile-2019-8

patriotz
Member

‘We are helpless’: Calgary woman loses life savings in failed real estate deal

If there’s any sure thing in RE, it’s that rent to own is a bad deal, at best.

YVR
Guest
YVR

“If there’s any sure thing in RE, it’s that rent to own is a bad deal, at best.”

I think anything that has the label rent to own is a bad deal. Kind of like payday loans. No need to ask what the terms are.

MTADTA
Guest
MTADTA

For the HAM deniers.

Winnie Chung sold $172 million worth of properties between January and July 2016, the last 7 months before foreign buyer tax, but has barely managed $30 million during the same period this year – an 84% drop.

MTADTA
Guest
MTADTA

But I’m sure her clients were all locals.

Laibach
Member
Laibach

Winnie-the-Chung & Winnie-the-Poong, a fucking dream team…

https://s3.amazonaws.com/storage-ubertor-com/cl2954/content/image/131308.jpg

YVR
Guest
YVR

Yup, so far the foreign buyers tax implemented by the BC Liberals it the only measure that has worked to cool housing.

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

Bank of Canada disagrees with you. But you’re smarter than them, of course…

Oracle
Guest
Oracle

CCP pumper who wants nothing but then Canada into China.

Filth.

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

I pity you.

Oracle
Guest
Oracle

India just took control of Kashmir and told China to Fuck off.

The USA should eliminate communist China off the the face of the earth if they don’t smarten up.

I pity them.

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

Drunk Oracle was always my favourite.

Oracle
Guest
Oracle

That and the Chinese capital controls.

The NDP has basically done nothing. Can’t believe the minions think they have.

Totally unbelievable.

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

20K party!

Oh wait.

Oracle
Guest
Oracle

The peak happened a few months ago.

Good to see others can see your true colours.

But the minions will be blind and call me a pumper.

Laibach
Member
Laibach

Usual pattern, usual suspects, usual vermin…

Ontario Provincial Police have charged a 20-year-old man for driving 228 km/h on Highway 403 in Mississauga.

https://www.cbc.ca/news/canada/toronto/opp-mississauga-403-speeding-1.5239830

YVR
Guest
YVR

Lucky for him he was not driving in BC at 228 km/h with our new speed cameras. He would have gotten a $175 fine if he drove at that speed through the marked intersection with the big sign that says speed camera. That would have taught him.

bullwhip29
Guest
bullwhip29

Richmond dentist charged patients thousands for work not done
https://bc.ctvnews.ca/richmond-dentist-charged-patients-thousands-for-work-not-done-college-of-dental-surgeons-1.4541913

>>> business as usual in the fraud capital of Canada

Moderated Posts
Guest
Moderated Posts

Years ago I went to a chineeze dentist in Burnaby named Dr. Ow (I’m not making this up) and when he discovered I had 100% dental coverage he wanted to replace every filling in my mouth and even x-rayed my front teeth (which no dentist has ever done with me) needless to say I did not go back there and when the receptionist asked mt why I cancelled I told her flat out that the guy was a greedy crook who wanted to do unneeded work on me.

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29

China’s food prices jump 9.1% in July as the country battles African swine fever
https://www.cnbc.com/2019/08/09/china-inflation-july-2019-producer-prices-ppi-and-consumer-price-index-cpi.html

Bubble
Guest
Bubble

Yes, banning Canadian pork at the same time. The Party leaders are never short of pork or anything.

Hyper-mega-Bull
Member
Hyper-mega-Bull

Kyle Bass@Jkylebass 28 Jun 2019
china’s plan with Canadian pork shipments is twofold: attempt to bullyCanada into releasing huawei PLA member AND make the West think they don’t need pork. The reality is that china DESPERATELY needs pork due to its entire pig population being killed

https://twitter.com/Jkylebass/status/1144649303564009472

i’d say it worked. dumb canadians were so focused on crying and wailing over the injustice of the and irrelevant details about ‘forged certificates’ they completely missed the strategy behind it.

once Trump is gone do naive north americans have any hope of gettting the better of china? better hope Trump cripples them or it’s back to the slow decline for all of you.

xhistory
Guest
xhistory

One shorting strategy is to buy a years worth of product, knowing that there is a good chance the farmer can’t deliver exactly what he is initially offering.This attracts the honeybees. You sell a years worth to the bees. Mmmmm, yummy pork, bully or bass. When the product can’t be delivered as promised originally, present the honeybees with planned alternative: Vegan pork, bully or bass,

The point is the Alternative is cheaper to you, but the same price to honeybee.. the honeybee is locked into a years commitment of supply… you screw him on the fine print of the deal.

BAG the profits!!!

Pay off the politicians, security exchanges, media companies, and other insiders. Speaking of insiders.. celebrate with Inbreeding orgy at one of your empty “house”

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