It’s the last Friday of the of the month, let’s do another free-for-all!
–Market healthy, will bounce back
–Seizing property and RSPs
–Helping BC Affordabiltity?
–Speculation tax info disclosure
So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have a fantastic weekend!
Looks like this site is dead.
Gordon G. Chang
“Han nationalism” is Chinese racism. Nothing good ever happens when a militant state uses racism to justify its rule over others. That is exactly what #China is doing now.
Gordon G. Chang
#China’s Communist Party will stop at nothing to implement its genocidal “Han nationalist” policies. It is at its core vile and inhumane. #EastTurkistan #Xinjiang
@parlabest
Appointed Chinese male official sharing same bad with Uyghur Muslim women. This is gross violation of human privacy, dignity and basic safety of women.
Communists provocateurs are far and wide. This one in Germany trying to provoke incidents with HK supporters. Stand with HK and freedom!
https://www.youtube.com/watch?v=x_SqKY5haqg
Everyone should watch this video.
Mainland woman:
“We are growing strong, we are threatening the world because we are united”
link to where the comment is made
https://youtu.be/x_SqKY5haqg?t=60
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Over 2,000 illegal short-term rentals gone after one year of new Vancouver regulations
They should all be torn down and destroyed too, as an example to anyone else who want to pull the same shit.
The price of being in endless love with locust.
Planned Squamish Nation development near Kits doubles in size
https://www.citynews1130.com/2019/11/05/kits-squamish-development/
The Squamish Nation will prove what many have been saying for over a decade – the single largest reason for the housing mess is the incoherent and overbearing amount of regulation present in our housing market.
You want more units? Don’t create additional layers of regulation, year after year, after year expecting more expedient and cost effective housing options.
Bravo to the Squamish people. Time to show the bureaucrats whats possible without miles of red tape in the way.
It’s empty land near the water and downtown. Of course it is going to be turned I to high density. just like expo lands, Olympic village, coal harbour, etc. And all those are zoned by the city.
So your point doesn’t fit the facts.
So you think this could happen if it was subject to approval by the city?
How many decades would it take the city to approve this kind of density?
For reference:
Coal Harbour is about 50 Acres it has 2300 units…. the squamish nation development will be 6000 homes on 11 acres
Tis would NEVER happen if it needed city approval.
The original Athletes Village at Olympic village was 1100 units on 16 acres….
There is somewhere around a 0% chance that even the original 3000 unit plan would have ever been approved by the City, let alone this 6000 unit plan with 50+ story towers.
This parcel is awkward and small. If this had to go through Rezoning, UDP and City you might end up with 500 units spread over a few short mid rise building, none of which would exceed height of bridge.
I would go as far to say that it would take longer to come to agreement on rezoning and final build form with CoV, than it will to build what the Squamish are proposing right now.
Good call while dealing with scumbags…
The unanimous vote means the city will now pay a nominal fee of $1 for each of the Sahota family-owned Regent and Balmoral hotels, which are located across from each other on East Hastings near Main Street.
https://www.vancouverisawesome.com/2019/11/06/sahota-family-hotels-expropriation/
Metro Vancouver First Nations ‘buying their own land back’: Thousands more housing units ready to break ground
could this be a black swan event in local real estate ?
If I was an amateur landlord whose business model is feeding my negative geared “investment” condo while hopping for ever increasing prices to make up the difference I would be terrified right now. Mind you, most of the amateur landlords have no idea what they are doing so are probably thinking this is just another sign of EVERYONE wants to move here….
ZERO cost land works really well in pro formas… Squamish Nation will reshape the city
“First Nations have first right of refusal when the provincial or federal government disposes of land and they are actively making those deals,” said Indigenous planner Ginger Gosnell-Myers, formerly with the City of Vancouver.
“The nations are going to buy everything, they are buying their own land back and they will develop it so that they have income security,” she said.
Unfortunately when they buy land it is subject to the same city zoning and red tape. They just get the land at a slight discount.
A new federal law allows First Nations to add lands to their reserve to advance reconciliation and create economic opportunities.
Not sure how that works exactly…. will try to look into it
In any case 6,000 new units at the foot of the Burrard St bridge is huge. At least half will be rentals.
Addition of Lands to Reserves and Reserve Creation Act This new legislation, which came into force on August 27, 2019 facilitates the setting apart of reserve land for the use and benefit of First Nations and the addition of land to reserves. New legislation All First Nations will have access to the same procedural tools currently available in Manitoba, Saskatchewan and Alberta. All Additions to Reserve will be approved by Ministerial Order rather than by Governor in Council. All First Nations will have the option to designate or zone the land prior to transfer and facilitate the transfer of third-party interests, through the issuance of leases or permits, prior to the lands being added. This will increase viable economic development opportunities in First Nations communities. Expected results an increase in economic development opportunities through increased access to lands and resources… Read more »
Yes, it would be as you wish. They would be giving away all the units to whoever wants them!
Surrey RV park evicting more than 100 people investigated by tenancy branch: councillors
poor people get picked on again …
step 1. Openly allow the commodification of real-estate making it impossible to afford for your average Canadian.
step 2. Kick the poorest out the bottom of the property ladder onto the street.
step 3. Evict them from their shantytowns and RV’s.
All levels of Canadian government, keep up the good work! I like what I’m seeing out there. Next I recommend making it illegal to be poor/homeless. That way you can just round up 90% of the population and put them in work camps, and have them work for free!
A class structure is being set up here.
Only will the land holders live like kings of families are homeless on the other end. Cheap servants etc.
It’s like that in most places in the world.
Lawyer for hotel owners says Vancouver risks litigation with $1 expropriation
https://www.citynews1130.com/2019/11/06/vancouver-expropriate-balmoral-regent-hotels/
not sure this will fly …
Emily Yu, everyone’s favourite SlumBnB operator, is quickly approaching judgement time. In Nelson voice, “Ha Ha”
Locusts are incorrigible.
You just can’t change someone from that toxic and diseased culture.
It’s like trying to change Hillary.
So she owes $52,100 to her strata for legal fees and has a 30 day extension to pay up. If she doesn’t have the money now she won’t have the money in 30 days. So at that point they will need to have the court force her to sell her unit. What a piece of work she is.
It seems the bidding war worked for the seller (a nearby house sold for $1.36 million lately):
4777 SHEPHERD STREET, Burnaby
2019-Nov-04 Sold $1,675,200 R2415994
2019-Oct-28 Listed $1,299,000 R2415994
Sutton Group-West Coast Realty
some fool really overbid…
Sadly the going rate for a tare down in Burnaby. It sold for almost exactly 2018 assessed.
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Don’t let the fake news and housing pumper brothers, aka YVR and Oracle fool you. 1) Rents are not up 25% since the election 2) Prices are down YOY in all categories. 3) the BC liberals would not make things better for housing. 4) Mansions are still coming down the fastest in price. 5) NDP Foreign Buyer’s Tax is working, since all foreign activity appears to have moved elsewhere. 6) ICBC has nothing to do with housing, but the Pumpers and Fake News brothers will want to distract you with ICBC stories instead of real estate facts which continue to show downwards or balanced market conditions. 7) Ross Kay has stated today, that Nov shows some of the lowest listings rates across Canada, which in his interpretation means less sales in the future. Like him or hate him, he has… Read more »
Nice of you to offer your opinion but like to deal with facts. 1) CMHC data shows rents up 16% over 2 years. Next data out in a month and they are forecast to rise by another 7%. I bet we will be close to 25% since the election. A disaster for renters no matter what the next CMHC report says. 2) Greater Vancouver Housing HPI: April 2017 $966,400, September 2019 $990,600, October 2019 $992,900. Prices are higher now than at the election in 2017 and higher today than September. Are we supposed to be happy about that? 3) Back when the Liberals were in power things were better if you like lower rents and lower housing prices. 4) Yes mansions are coming down in price and I am sure HAM loves it. Unfortunately with the index up overall and… Read more »
YVR, Can you link to your source for Greater Vancouver HPI showing Oct 2019 is higher than Oct 2017? Here is what I see from the REBGV data for Greater Vancouver: Residential Detached: Oct 2017: 295.3 Benchmark Price $1,608,400 Oct 2019: 259.5 Benchmark Price $1.410,500 Condos: Oct 2017: 262.2 Benchmark Price $656,000 Oct 2019: 259.5 Benchmark Price $652,500 Source: https://www.rebgv.org/market-watch/MLS-HPI-home-price-comparison.hpi.greater_vancouver.detached.2017-10-1.html Clearly even the realtor’s own stats show prices have declined since 2017. Please link to your sources. What’s more, the HPI method is a rolling average with undiclsoed adjustments to smooth it out. The Case Schiller method is superior for measuring true prices, and I linked to the OpenHousing.ca data showing declines across the board for all categories of housing in Greater Vancouver. PS. By your own rules, please call the NDP Foreign Buyer Tax by its proper name. Your… Read more »
I know it is tough for you to accept the NDP have failed on housing but it is what it is. Accept it and learn from you mistakes. It only gets worse from here. Prices appear to be heading higher so you misery will continue. Please learn to read and you will know where the data came from and which months.
Greater Vancouver Housing HPI: April 2017 $966,400, September 2019 $990,600, October 2019 $992,900
Greater Vancouver All Types.
https://www.rebgv.org/market-watch/MLS-HPI-home-price-comparison.hpi.all.all.2019-10-1.html
https://www.rebgv.org/market-watch/MLS-HPI-home-price-comparison.hpi.all.all.2017-4-1.html
Would you like the NDP to better or would you like the Liberals to come back?
Be honest YVR.
If the NDP did better and they were the best choice I would gladly support them. Right now they are failing miserably and show no competence to govern with no plan going forward.
This is where you guys are stupid. Just em because the NDP is being called out doesn’t mean that we want the Libs in. They are both corrupt.
But you guys just see one being corrupt. So delusional.
Finally something we agree on!
“PS. By your own rules, please call the NDP Foreign Buyer Tax by its proper name. ”
If the NDPs hallmark achievement on housing is keeping the BC Liberals housing policy in place then I don’t know what to say. I guess it is better than the NDPs own policies they brought in like legitimization of Airbnb, shipping containers for homes and exempting credit unions from B20 .
They are in surrey and the valley. That’s where the action is.
Thank you YVRacle for your non-partisan hard work in exposing the NDP for the frauds that they are.
Let’s bring back the Libcreds!!!
You have to admit things were better under the Liberals. All the things you whined about are worse now under the NDP. Unless you are a foreign driver who needs car insurance or want to purchase a mansion, then things are better.
Haha NO. The Liberals did absolutely NOTHING to fix systemic issues of money laundering, unaffordable housing, and ICBC aka. the flaming trash-fire. Complaining the NDP haven’t fixed all of the problems from the Liberal’s ridiculous mis-management of the government is the height of stupidity. Quite frankly, any effort more than NONE is better than what the Libtards did.
But “doing nothing” as you call it produced a better result. Cheaper rents and cheaper housing prices for everything but mansions. Add in cheaper ICBC, cheaper gas and less taxes. If the NDP are putting in an effort they are completely incompetent unless their effort was to make everything more expensive for everyone but foreign drivers and HAM house purchasers.
My ICBC is cheaper than last year…
Gas prices go up and down…
Taxes are too high. Now, then and in the future…..
Home sales surged in Vancouver area in October
The board says there were 2,858 sales for the month, up from 1,966 sales a year ago, to come in 9.8 per cent above the 10-year sales average for October.
https://www.cbc.ca/news/canada/british-columbia/vancouver-october-home-sales-numbers-1.5347882
Anyone know when the NDP is going to start on those 120,000 affordable homes? What a bunch of flunkies. 9.8 per cent above the 10-year sales average for October and rents up 25% since the election with sub 1% vacancy. We currently have the worst housing situation in BC history. That is saying a lot.
Who had 16 years to get a handle on our runaway housing market? Oh that’s right the Liberals did I almost forgot.
And in just over 2 years the NDP have made EVERYTHiNG worse. Quite an accomplishment.
NDP completed wait for it 71 rental units out of a promised tens of thousands. Hahaha
Three years in.
But keep lauding them. Hahaha
You’re right, we should go back to ignoring the housing crisis under the Liberals. Great plan.
WOWowowo
38 offers and sold at 2018 assessed.
3777 Shepard Burnaby
Market is back. Wheresssss Eby?
Is he gonna do anything??
Just like I predicted 3 years ago. These guys lied.
Oh well. Here come the liberals back in power in a year.
4777 Shepard…. Sold at 2018 Assessed
38 Offers probably had something to do with the list price being 400K under assessed
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Planned Squamish Nation development near Kits doubles in size
https://www.citynews1130.com/2019/11/05/kits-squamish-development/
“It’s breathtaking,” he says, laughing. “The initial plan, let’s call it, that I heard of was the 3,000 units several months back, which was surprising to me, a little bit. And this is just, quite big.”
this is what happens when we have an autonomous special interest group who is not beholden to the community at large…
You worry too much about other things that beyond your control. Had you diligently taken care of your own business the way you have taken care of these nonsense, you would be laughing to the bank already. By the way, it’s a bit lonely to be a sole whiner here, eh!
They should double the size of the development again…
just wait… they will… and nobody can stop them.
And what’s the problem exactly? You’re arguing against more supply in a housing crisis?
Im not saying there is a problem… they should double the size of the development again. Looks like a good plan. A large amount of rentals close to downtown.
Which is why I wasn’t directing my reply at you, duh.
Rampant and unrestrained development isn’t the answer either. The exisiting infrastructure can’t support it and we end up with slums in the middle of the city. That’s why we have city planners.
These are the same city planners who threw up a couple dozen towers on West 2nd while leaving 25 square blocks to the south as low rise industrial and RV dwellers?
City staff just hangs around doing what developers want until they cn retire and get a no show job with the developers….
“That’s why we have city planners.”
How is their plan working so far? I love those grass roofs, solar powered garbage cans and bike lanes nobody uses but I think Squamish Nation may know more about what the city needs.
I applaud what Squamish Nation is doing. I truly hope they make the project bigger. Hopefully they do the same at the Jericho lands.
The extra traffic will suck but it is our only hope to reign in prices and create some rentals…
Refreshing to see something actually getting done the City of Vancouver cannot delay, control and ruin with some left wing agenda. There is a bunch more native land to get developed after this. Maybe it will be the natives that finally fix the massive supply problem by actually building something.
Bring on the supply! If I was Squamish Nation I’d build whatever the F&%k I wanted and not give a crap what anyone thinks.
Seems like that is their pln… cant wait to see what they do with the Jericho lands
Squamish Nation have already done more for BC housing than the NDP flunkies which have done nothing. Unless you consider 100 converted shipping containers doing something.
Well actually they have not “done” anything yet. It’s just a bunch of hot air. My guess is they never will do anything with this property but will continue to use it as a bargaining chip for other stuff they want. They have had years (decades really) to “do something” with it and they have done squat.
“It’s just a bunch of hot air.”
Which is way ahead of the NDP who have not even gotten to this point after 3 years. The Squamish nation has made more progress with 1 vacant lot under a bridge than the NDP with 100s of similar lots to work with across Metro Vancouver. Why can’t the NDP partner with developers, put up the land and then split the revenue on rents with the big benefit being more rental housing stock. Instead they make a few temporary homes out of shipping containers. Same goes for the City of Vancouver. A bunch left wingers way over their head.
“cant wait to see what they do with the Jericho lands”
The Kits Squamish lands are a restored reserve of the Squamish Nation and as such development is not subject to city bylaws, like development on other reserves in metro Vancouver.
The Jericho lands are being jointly developed by 3 local first nations and Canada Lands, are not a reserve, and are subject to city bylaws.
https://vancouver.ca/home-property-development/jericho-lands.aspx
Sales up 45% year over year in Vancouver.
FOMO is back with Trudeau.
We are going to 600,000 annual immigration if you include temps.
Prices going to go ballistic by springtime. Mark my words.
Warreeeeeess Eby?
#Liar
VPD impounds car going 92 km/h over the speed limit near school, park
https://www.citynews1130.com/2019/11/04/vpd-impounds-car-92-km/
Given the area and the type of vehicle involved, it’s guaranteed this is was an azian kid…
Should have insurance cancelled immediately and license plates confiscated. “N” driver should have license suspended indefinitely.
If they want to stop this behavior it is EASY. Just adopt the Swiss system.
Deport them back to their shithole of origin immediately, it’s unlikely this vermin has attained citizenship yet.
You’re one sick, damaged fuck.
yes.. i am so sick… would like to be able to cross the street without some asshole going 100KMH over the limit
What a piece of shit you are, when your problem is a whistleblower and not retarded insatiable lowlifes driving on streets of the Lower Mainland and waiting to kill someone. Aren’t you a fucking sick moron pulling the race card whenever possible?
You’ve no idea who was behind the wheel. To make such assumptions makes both of you dumb racist fucks, by definition.
Actually it makes us logical and deductive reasoners.
No, it makes you a dumbfuck racist. But you seem quite comfortable with that label.
I’m not a racist I am a realist.
The reality is a speeding chineeze kid in a BMW makes the most sense.
N plate – check
BMW – check
3 times the speed limit – check
Offender has nothing but contempt for rules of the road or public safety
99% chance this is another worthless, cocksucking teenager from nazi china.
China is reportedly sending men to sleep in the same beds as Uighur Muslim women while their husbands are in prison camps
https://news.yahoo.com/china-reportedly-sending-men-sleep-120625885.html
It’s 2019 and we are part of a system that does business with this country.
We are part of a system that bends over backwards to let this country take advantage of us as they please…
As long as we have Truedope running (ruining) the show we will be catering to the locust scumbags. Why doesn’t he get on the release of Michael Kovrig and Michael Spavor? Because he’s a spineless wimp is why.