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[…] Some people even thing this could have an effect on the Vancouver real estate market: […]

Werner Stein
Werner Stein
4 months ago

It does not matter if sales are up or down on a short-term daily basis.
There will be a few up and downs along the way to the abyss.

Projection
Projection
4 months ago

Today could be the first slow sales day of this month.

Werner Stein
Werner Stein
4 months ago

There is not point in being polite with the goons.

Much like the Ferengi, it is in their DNA, to be conniving, devoid of any ethics, and they have an insatiable aberrant hankering for possessions, so much so that even Lacanian psychoanalysis may not be able to fully explain.

Oracle
Oracle
4 months ago

An appeal to those on this blog who have western values:

Please go help the elderly stuck at home. Especially widows. Maybe ask if they need help with chores and ask for them to make a grocery list. It doesn’t hurt to buy extra for them when shopping for your own family.

And if you’re on the fence, ask yourself if it was your daughter in the same situation 50 years from now.

Cheers.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Oracle

You think nobody sees what you did here?

Oracle
Oracle
4 months ago

Thanks for proving my point.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Oracle

Should I chalk up another failed fishing expedition?

Werner Stein
Werner Stein
4 months ago

Shut It Down Already (original)
“There’s really nothing worse than a confident moron.”

Yes, you are proof of that.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Werner Stein

Ah, the good old “I know you are but what am I?”

It’s a go-to choice for the idiot bears. Well done.

Oracle
Oracle
4 months ago

Mass immigration will need a rethink here in Canada.

No way they can keep up the numbers without USA closing the northern borders. Too much of a risk to the USA.

This is the first path to a lower mainland real estate crash I have seen in a decade.

It will sink in after a month or two if no progress on a cure. Expect the freefall to start in the investor condo market.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Oracle

But what about all those condos you bought in Abby?

Werner Stein
Werner Stein
4 months ago

“You are like a little kid. No wonder you screwed up.”

You are just a nasty person, and cannot see that the study projects you in a good light.
It was meant as a compliment.
Even with an estimated IQ of 87 you achieved so much.
Be proud you have the privileged status of proprietor.

Dr. Stein\'s Assistant
Dr. Stein\'s Assistant
4 months ago

Dr. Stein has asked me to publish the following for immediate press release.
Here is your advanced copy.

Abstract
Through analysis of available readings and various techniques of linguistics and communications, the study has produced significant reliable findings:

105+88+87= 280 Total IQ
93.33 Average IQ
*Projection’s IQ = below average among the goons, and general public.

The above can be cited without written permission.

*Details of data and calculations on files and available by written request.

Projection
Projection
4 months ago

You are like a little kid. No wonder you screwed up.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Projection

There’s really nothing worse than a confident moron.

Projection
Projection
4 months ago

He isn’t even confident. Just a moron.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Projection

I know you are, but what am I?

Oracle
Oracle
4 months ago

Can someone ask Trudeau why Permanent Residents of Canada can fly back and forth between China/India and Canada BUT Canadian Citizens can’t??????

Looks like HAM and HIM more important.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Oracle

More misinformation.

jim
jim
4 months ago

The global economy was deathly sick long before now, but Covid-19 will take the blame if it crashes

The illness is the result of years of diminishing business investment in new technologies and ways of operating, and the propping up by governments of companies that should have gone out of business. The end result? Almost stagnant productivity. People at work are no longer producing more in the same time. This is a significant break from the dominant pattern during the past two centuries of economic expansion. This waning in productivity growth – sinking to little more than flatlining in Britain – is what accounts for most people no longer benefiting from regular increases in living standards.

Best place on meth
Best place on meth
4 months ago

US media once again sides with china, they truly are the enemy of the people.

https://www.youtube.com/watch?v=5W9vjsFQUUU

Oracle
Oracle
4 months ago

The Globalists had a plan for 2 decades now. Slowly buying up all the media assets. Glad people finally woke up south of the border. Trump 2020 Landslide.

And Chinese Americans better hope deaths don’t go into the hundreds of thousands there. Massive backlash against China will occur.

southseacompany
southseacompany
4 months ago

“‘Sucker-punched’ banks might hold back rate-cut impact: Mortgage expert”, BNN Bloomberg

https://www.bnnbloomberg.ca/sucker-punched-banks-might-hold-back-rate-cut-impact-mortgage-expert-1.1407082

“Canadians hoping to nab a cheaper mortgage may be setting themselves up for disappointment, according to one mortgage market expert.”

“Vancouver realtor Steve Saretsky is similarly skeptical. In an email to BNN Bloomberg, Saretsky said he believes banks will look to avoid any measures that could increase mortgage demand out of concerns about increasing their exposure to the household sector in times of economic uncertainty.”

Projection
Projection
4 months ago

Mortgages are already cheap. They don’t need to go lower.

Doomcouver
Doomcouver
4 months ago

We’re fully in a liquidity trap now. Monetary policy is becoming completely ineffective.

southseacompany
southseacompany
4 months ago

“‘Unprecedented paralysis of activity’ to curtail B.C. home sales: BCREA”, Vancouver Is Awesome
https://www.vancouverisawesome.com/real-estate/bc-home-sales-bcrea-forecast-paralysis-covid-19-recession-2174465

” Interest-rate drops usually fuel housing sales, but this time they will be more than offset by the “unprecedented paralysis of economic and social activity” during the COVID-19 pandemic, causing B.C. homes sales to drop this spring, the B.C. Real Estate Association predicted March 17.”

“All four scenarios predicted home sales in the province would drop in the spring and early summer. The market would then likely rebound in the second half of the year “contingent on the outbreak resolving.” However, only one of the scenarios found that home sales in the province would recover to a point of activity higher than if there had been no pandemic, with the other three forecasting a more muted recovery”

Best place on meth
Best place on meth
4 months ago
xyz
xyz
4 months ago

So….what exactly does the following actually mean? I could quite easily drug myself up enough to hide symptoms…..observe the signage etc etc Seams rather lame considering that this is where most of the virus is coming from…..airports and borders. In comparison, the Lower Mainland is being shut down and I can’t even have a coffee outside on the patio at Starbucks. VANCOUVER — With significant travel restrictions increasing globally, Vancouver International Airport is stepping up its measures to address the spread of COVID-19 as it becomes one of four Canadian airports accepting international flights. Airport CEO Craig Richmond said travellers will be screened before they board their flights to Canada and anyone who presents symptoms of the virus won’t be allowed to board. As well, YVR is increasing signage throughout its facilities telling people about the new requirements to self-isolate… Read more »

Oracle
Oracle
4 months ago
Reply to  xyz

The rich are trying to protect their assets and friends. Nothing more.

The can easily solve this by grounding all flights like 9-11 and then blocking access between cities and towns using the military. Anyone violates it sentenced to 5 years in jail.

Werner Stein
Werner Stein
4 months ago

RE: Coronavirus mortgage relief for homeowners:

Is “stupids” a real word? If not it should be.

It is it describes perfectly people who see the mortgage relief as celebratory.
They do not realize it is an indication of how dire the situation is.

The banks know just how indebted the mortgage slaves are, and they also know there would be no buyers for the foreclosures.

But here is the real deal stupids, (you know who you are, one of them is a peddler who said there were no black swans on the horizon) the private lenders might be forced to flood the market with foreclosures.

BTW there is a flock of black swans on the way.

xyz
xyz
4 months ago
Reply to  Werner Stein

What about working people (single mothers for example) who still have to pay rent who might be getting hours cut…it would seem that .only debt (mortgages) matter?

Oracle
Oracle
4 months ago
Reply to  xyz

No relief for renters. Trudeau thinks they’re are third class citizens. First homeowners, second mass migrants and third renters.

Best place on meth
Best place on meth
4 months ago

198,422
+15,824 (+8.7%)

7,987
+816 (+11.4%)

Global death rate from RESOLVED cases 8.8%, down from 9.0%

Italian death rate from RESOLVED cases 46.0%, up from 44.0%

US and Canada total cases rise overnight by 39% and 35% respectively, the highest increases in the world.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago

Or just visit the worldometers site…..

Oracle
Oracle
4 months ago

Breaking news:

Government of Canada to provide 6 months mortgage payments to homeowners. Talk about a lotto jackpot for homeowners.

Nothing for renters.

Wowowow.

In the Globe and Mail.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Oracle

They’re asking banks to allow payments to be deferred for 6 months, not gifting money.

Oracle
Oracle
4 months ago

Trudeau will never allow interest payments to be added to principal. This will give Trudeau a majority. Bailout coming.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Oracle

Nice walk back.

Keeping you honest really is a full time job.

Oracle
Oracle
4 months ago

Quiet!

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Oracle

Nope.

Projection
Projection
4 months ago
Reply to  Oracle

It’s just deferral. Still a big help so early.

“Canada’s six largest banks announced that hard-hit customers will be allowed to defer mortgage payments by up to six months, as part of a co-ordinated relief effort by the banking sector.

The Department of Finance had asked the banks to commit to up to six months of breathing room on mortgages, according to financial industry sources.

In a joint statement Tuesday evening, all of the Big Six banks said they would provide “flexible solutions,” on a case-by-case basis, for people facing pay loss, additional child-care burdens or illness due to COVID-19.”

Oracle
Oracle
4 months ago
Reply to  Projection

It will be a bailout for homeowners with mortgages. Just watch. No way they allow mortgage interest to be added to principal.

Best place on meth
Best place on meth
4 months ago
Reply to  Oracle

It’s not a government bailout, the banks will take the hit.

Oracle
Oracle
4 months ago

Banks take a hit in Canada?

Hahahaha.

My stomach. They will be bailed out with YOUR money! Haven’t you learned anything?

Best place on meth
Best place on meth
4 months ago
Reply to  Oracle

Thank god it’s not taxpayer money. The banks can deal with this, it’s their responsibility as they made the loans.

Werner Stein
Werner Stein
4 months ago

“Most of these sales happened over the previous 2 weeks, but there are some sales from yesterday too, even from today and over asking. A full week after the stock market crash.:

I guess the lesser goon is trying to say that there is no rational reason behind these sales.

Projection
Projection
4 months ago
Reply to  Werner Stein

The lesson, over the past 15 years and before, is that reality doesn’t always match the theory. You should try comprehend that and maybe you will stop screwing up.

paulb
paulb
4 months ago

New
236
Price Change
46
Sold
130
TI: 10611

http://www.clivestevepaul.com

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  paulb

LOL

Projection
Projection
4 months ago

Most of these sales happened over the previous 2 weeks, but there are some sales from yesterday too, even from today and over asking. A full week after the stock market crash.

Dave
4 months ago

It’s a game of musical chairs now. Grab a chair before the music stops if you want a free chair. The banks and government aren’t going to be taking your keys away in the worst case scenario. Trust me on this.

Oracle
Oracle
4 months ago
Reply to  Dave

Possibly. They’re looking to giving PR status to all the foreign students currently in Canada. That way the immigration machine continues as these will sponsor their immediate families.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago
Reply to  Oracle

Sure they are.

Projection
Projection
4 months ago

This sums up the virus hysteria pretty well: http://thezman.com/wordpress/?p=20077

Oracle
Oracle
4 months ago

180+ cases now in BC. Mostly in Vancouver.

Gov refuses to say how many incoming travellers were the ones tested. Ridiculous.

These cases are like sales. The ‘infected-sold’ date was 2 weeks ago.

Thousands walking around with China virus now here.

Projection
Projection
4 months ago

Still seeing a lot of sales being reported this morning.

Best place on meth
Best place on meth
4 months ago
Reply to  Projection

My god you’re a fucking piece of shit.

Shut It Down Already (original)
Shut It Down Already (original)
4 months ago

How so?

You’re the one posting misleading sensationalist numbers that anybody else can find on the worldometers website (along with the more accurate numbers used by epidemiologists and other reasonable people) just so you can feel like you’re providing a useful service. Newsflash: you’re not.