Vancouvers empty home tax is bringing in some decent coin – almost $40 million in 2018.
If you believe in a vibrant vancouver and want to do your part to support it, you can own a home here and keep it empty – that extra tax income goes to support affordable housing and rent protections.
If you really want to go the extra mile, don’t report your empty home: Audits raises $22.1 million in taxes and fines from empty home owners.
Read more here.
S&P about to hit 3300.
I was ridiculed here for saying it will hit 2200. Lol Few years ago.
Now the Fed says they will inflate their way out of this mess. Much higher inflation coming.
So will Bond yields spike? Nope. They said they will put a lid on them by buying treasuries.
Looks like people who loaded themselves in debt won.
No wonder Dow is going to 30,000.
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In Their Own Words: Creating An Official Record of the Trump Presidency—Doug Wead
https://www.youtube.com/watch?v=FI-aLLG7zXw&list=PLKDm1nJ92oesqNBPr0EfO4sJjnDS3AlxQ
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Wow, the numbers are impressive, but nothing to see. Let find more negative posts and links about the Chinese.
Sure beats admitting being wrong, I suppose?
This blog started in 2006. Van Housing blog started in 2005. There were others before that, possibly starting in 2004. That’s 15 years of waiting for doom.
I pity the fool who bought in Point Grey in 2004.
I used to be one of the doomers posting regularly here and on other housing blogs. But eventually, I woke up and realized that the real world doesn’t always correspond to what we think should happen. The market can stay “irrational” for a very long time and our time is limited.
So I ended up buying. Now I have only 5 more years left on my mortgage.
Well done! Congratulation!
And who is to say that the market is irrational right now? Low rates, population growth, professionals making lots of money have to buy somewhere and they are buying in East Van. When a blue collar homeowner living close to Trout lake dies their house is bought by a married couple, medical professionals who make $300,000 to $600,000 per year and they send their kids to Stratford Hall private school. That is one example. There Are many permutations of that kind of think across the east side.
They “have to buy”?
You’re funny.
Well that is the phrase these people use. They feel they have to buy.
There is Bill Ferguson on facebook; they have group hug every day of 7,000+ members.
Make that 7,958 members and it’s an excellent site called the Metro Vancouver Housing Collapse.
Rent cheque is due on Sunday. Time for group hug, Bill?
How many times do I have to tell you? Rent cheques are for amateur landlords!
Professionasl do direct withdrawal.
Fuck I hate dealing with amateurs. This cesspool of a city is full of them.
“There were others before that, possibly starting in 2004. ”
South of the border, yes for sure. But if you’re going to make that claim for Vancouver, you’re going to have to back it up.
Anyway, the crash did start in Vancouver early in 2008. It was reversed by unprecedented government actions. I didn’t see that coming. But I don’t think it can be done again.
Most people never saw that coming. If they did, they’d now be 1% ers. You’re right, it won’t be happening again.
“Anyway, the crash did start in Vancouver early in 2008. It was reversed by unprecedented government actions. I didn’t see that coming.” I didn’t see that coming either. The “crash” may have started in 2008 and was quickly reversed, but many people here didn’t adjust to the new reality. It doesn’t matter what “should be”, only what “is”. “But I don’t think it can be done again.” We didn’t think that the first time either. And right now, we are certainly NOT in a crash. “South of the border, yes for sure. But if you’re going to make that claim for Vancouver, you’re going to have to back it up.” I wrote “possibly starting in 2004”. Possibly. It’s a long time ago and I don’t remember everything exactly. Anyway, Van Housing started on 22nd March 2005. Just a few months… Read more »
“Home buyers who make unconditional offers had better be ready to follow through, even when unforeseen events such as Ontario’s foreign-buyers tax cause the market to drop, a court has ruled.”
Paywall, but you get the message.
Seems like this blog has lots of fans in Toronto as well – dumping pail of poop on unsuspecting people
https://www.thestar.com/opinion/star-columnists/2019/11/26/torontos-poop-attacks-are-alarming-and-disgusting-in-every-way-possible.html
D.B. Pooper
student eyewitnesses claim that, in both cases, the person attacked was Asian
Man, 23, is arrested after ‘dumping buckets of FECES on five Asian victims on two college campuses in Toronto in a matter of four days’
This is the brilliant video of the American teenager banned from TikTok for speaking out about Uighurs in China. Be a shame if this went viral
does anyone know of any churches that are trying to convert mainland chinese living in the west?
i see bringing religion to mainland chinese as win-win. will improve them. will improve society in general. also can be a vector to undermine CCP in china.
Doctors in China were shocked when an MRI revealed over 700 tapeworms living inside a man’s brain and chest. The patient, identified as 43-year-old Zhu Zhongfa, began losing consciousness and suffering from seizures not long after eating a hot pot containing undercooked pork. Tapeworms eggs can be found in the feces of infected animals and can be spread to humans if infected meat is not washed or cooked correctly.
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Oracle called the peak almost to the day. LOL.
Now I’m calling for massive inflation while holding yields low.
Basically pensioners are going to get killed. So much for the government lifetime jobs.
Good grades for Premier Horgan and NDP
https://www.citynews1130.com/2019/11/26/good-grades-horgan-ndp-criticisms/
51 per cent of the public approving of a premier’s performance, those are pretty good numbers.”
That is a slight increase from 48 per cent in June and Horgan continues to rate much higher than other party leaders.
You can tell Horgan and Eby are doing a good job cleaning up this corrupt province by the complete lack of negative stories.
Literally nobody is saying anything bad about the NDP other than Wilkinson and a couple of idiots on blogs like this one.
Did you read the article? The headline is fake. All the key things the NDP ran on they have massive disapproval.
But the report card finds British Columbians are not so happy with the NDP government on the issues of housing prices and affordability (58% disapproval rating), homelessness (56%), poverty (51%), and the province’s energy and pipelines. Transportation is also a theme with a 57 per cent disapproval rating for how the government is managing changes at ICBC and 49 per cent for ride sharing.
The NDP are still several points more popular than Trump (who remains to this day this most unpopular president in modern history).
Really? I am counting the day to the next election to vote out this NDP. They inherited a good economy when they got in bed with the Green. Look at where we are now, burdened with taxes, and the surplus is shrinking to minimal on the next budget. This BC NDP will be the Federal NDP on the next election.
I’m really surprised that you support the extremely corrupt BC Libs.
“CMHC head sounds the alarm on housing policies that push up prices”, Financial Post
“The real-estate industry is getting all the help it needs from the drop in mortgage rates that followed the U.S. Federal Reserve’s decision to cut its benchmark rate this year. Yet it still advocates for “tweaks” to the measures the federal government put in place to stop the credit binge, and too many politicians continue to treat the housing lobby as if its members are the buyers, not the builders and brokers who are enriched by bubbly markets.”
A price drop and from the listing history you can see the change of the market (down from $12 million to $6 million): 1896 WESBROOK CRESCENT, UBC https://realtylink.org/en/house~for-sale~university-vw-vancouver/262442665 Date Comments MLS® Number 2019-Nov-19 Listed $6,388,000 R2421038 Dracco Pacific Realty 2019-Oct-10 Terminated $8,380,000 R2397498 2019-Aug-16 Listed $8,380,000 R2397498 Dracco Pacific Realty 2019-Apr-23 Terminated $6,980,000 R2351669 2019-Mar-22 Listed $6,980,000 R2351669 Royal Pacific Realty Corp. 2019-Mar-22 Terminated $7,980,000 R2348747 2019-Mar-11 Listed $7,980,000 R2348747 Royal Pacific Realty Corp. 2019-Mar-01 Terminated $11,900,000 R2334241 2019-Jan-21 Listed $11,900,000 R2334241 Homeland Realty 2019-Jan-21 Expired $11,900,000 R2304292 2018-Sep-10 Listed $11,900,000 R2304292 Homeland Realty 2018-Aug-17 Terminated $11,900,000 R2285926 2018-Jul-01 Listed $11,900,000 R2285926 LeHomes Realty 2018-Jun-19 Terminated $9,980,000 R2263908 2018-Apr-27 Terminated $11,780,000 R2232948 2018-Apr-26 Listed $9,980,000 R2263908 Royal Pacific Realty Corp. 2018-Jan-17 Listed $11,780,000 R2232948 Royal Pacific Realty Corp. 2017-Dec-01 Terminated $11,680,000 R2215054 2017-Oct-17 Terminated $11,680,000 R2188320 2017-Oct-16 Listed $11,680,000 R2215054… Read more »
Wow, good job NDP. Now that regular Vancouverites can afford a six millions house. Free rentals are just around the corner.
Metro Vancouver real estate rebounding faster than expected: report
https://www.citynews1130.com/2019/11/25/metro-vancouver-real-estate-rebounding-report/
A “report” by Central1 Credit Union … so take it for what it’s worth.
I am sure kkk is more intelligent than the economists at CU. The doom and gloomers missed … Again.
“intelligent economists” LOL
“It is difficult to get a man to understand something when his salary depends upon his not understanding it.” – Upton Sinclair : quotes.
The idiot racist boomer who has spent decades getting increasingly angry at the fact that educated immigrants left him for dust is once again asserting his superiority?
Fascinating.
so says the idiot who cannot contribute anything to society or this blog other than acting like a dumbass… meanwhile guys like me who support you people gets no thanks from you people.
Channeling your inner Don Cherry?
Hush now, you irrelevant incomprehensible racist fuck.
You sure get triggered easily, but you’re fun to bait, simple minded goof that you are .
PS: have some gratitude for living in this land of milk and honey.
My my, don’t you make a lot of assumptions? You can barely even cobble together simple sentences. You’ll be eating cat food within 5 years wishing that you had paid attention at school, no doubt about it.
Never mind cat food, isn’t cat a delicacy in China?
Yes, cut and paste are valuable contribution to the blog.
Keep posting links and quotes, kkk. Your mama is proud of you!
Yup and it’s more than you do …
Not worth much at all, Not only does Brian Yu work for Central 1 Credit Union, he also worked for the BC Real Estate Assoc. from 2007-2010. So, what does that tell you?
Well, these guys have been in the right; doom and gloomers have been in the wrong …what…20 years and counting? What does that tell you?
It tells me that you’re an idiot; The market was correcting in 2008=2009, was goosed and is now correcting again.
Wow, so touchy these guys. Why angry all the time? Have you look at where the market is now or read Paul’s daily report? You just missed a two years correction…yes…again!
Sales are up because prices are down and that’s what a correction is about. You didn’t know that?
Price decreases often slow sales. Who wants to buy in a withering market when you can simply wait for a better deal?
Either way the price decline stopped a few months ago.
They are still dropping all over the GVRD and for all housing types, too.
Not in any of the data I’m looking at.
You must be looking in the wrong place.
Then why not share what you have?
Even you said it, sales are up. You didn’t know sales are up because demands are back? What will happen to prices when demands are up? And please don’t cherry pick a ten million dollars listing.
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