It’s that time of the week again, Friday Free-for-all time!
Here are a few recent links to kick off the chat for the weekend:
–Big banks increase cash for bad loans
–CMHC housing outlook
–The ‘panic inducing’ Realtor
–
So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an excellent weekend!
[…] Southseacompany pointed out these latest stats. […]
“Canada could see 170,000 fewer new immigrants this year “, Financial Post
“Canada could see 170,000 fewer new immigrants this year, serving another blow to the country that has relied on the influx of immigrants to drive housing and consumption sectors.”
“Benjamin Tal, an economist at CIBC World Markets Inc., also believes immigration flow will drop precipitously this year with no clear path to recovery.”
“Vancouver Real Estate Prices Slide, With Typical Home Dropping $7,600 Last Month”, Better Dwelling
“Real Estate Board of Greater Vancouver (REBGV) data shows the price of a typical home made a significant monthly decline in May. Inventory fell from last year’s levels, but didn’t drop nearly as much as sales did.”
“The year-over-year rate of growth is higher than last month, but prices are down using monthly or peak numbers. The 2.9% annual increase for May is higher than it was in May 2019. However, prices are down 0.73% from April 2020 – about $7,600 lower over the span of a month. “
Here’s a stock tip… buy AMZN. Protestors are destroying their competition.
Those aren’t protesters.
Anyone buy ? We almost got one . Central coquiqulam . Bought 1,55 in 2017. Renovated and sold today 1.3. We only couple hundred grand off.
Anyone have luck wit here offers ?
Laibach:
Where is the laugh today, whoever is laughing?
Here we go
Another triple
LOL LOL LOL LOL LOL LOL
Renters of Vancouver unite! Can’t pay, won’t pay. No shame, only solidarity. The burden of this pandemic will not be placed on the backs of tenant
New
276
Price Change
56
Sold
77
TI: 10922
Where is the laugh today, whoever is laughing?
Canadian Mortgage Delinquencies Expected To Rise 200%
In the severe scenario, they expect the mortgage market will be hit fairly hard. By Q3 2020, they expect mortgage originations to drop by 43%. Average balances rise by 20%, as people stop aggressively paying off balances. Most interesting – the delinquency rate could rise 200%. The end of the third quarter would be around when the surge in mortgage deferrals begin to expire.
Canadians are getting smarter…
“Telus was among the Canadian telecom companies that had been waiting for federal officials to decide whether it would ban Huawei from operating and inking deals in Canada because of concerns the Chinese company could pose a cybersecurity risk.
But, as of late May, the federal government had not yet made an official decision.”
Isn’t Trudeau just fucking pathetic when it comes to protecting Canada from the evil chicoms?
Concord Pacific are offering to pay half the mortgage for 2 years as a “sales center reopening incentive”.
Could buy two then?
Yep, you buy two, and husbah buys two. It is less than three each but still very good.
That couple made a fortune. Yet the idiots here laughed at them.
Sounds bullish. I am sure they are doing it as a gesture of good will and not because there are no buyers.
May numbers out. Sales and listings down… duh. 3 Month HPI is up 1.5%, unchanged MoM. The ‘bubble case’ just isn’t playing out in the numbers. The bubble case now hinges on what happens when the government support measures end. The early numbers clearly show that nobody is rushing to the exits though. That’s a pretty major blow for the bear thesis, but it’s not yet terminal. Bears need to see some huge jumps in inventory to get us up to 20,000. If it doesn’t happen, it tells you that speculators were not driving this market. The next bear case is then the ‘deep and prolonged recession case’, not ‘bubble case’. Some economists are predicting the Covid downturn won’t even register as a recession! Keep in mind Q1 was positive growth. Q2 will be highly negative, but many are calling… Read more »
“but many are calling for a return to growth in Q3.”
Who exactly? Moody’s? CHMC?
Next month prices start falling.
Just like in 2008.
“MMetro Vancouver homes sales fall 44 per cent in May, but prices are high as ever”, Time Colonist
“The Real Estate Board of Greater Vancouver says residential sales totalled 1,485 in May, a nearly 44 per cent decrease from May 2019 and 54 per cent below the 10-year average for the month.”
“Home prices in the Greater Vancouver area remain steady despite the recession triggered by the COVID-19 pandemic.”
“But this is great news for the bears. More instances like this and rich immigrants will stay away.”
NO NO NO!
We bears do not to gloat over bad news, and spin it.
No need. The end is inevitable.
The pumpers are focused on the weather, we bears know the difference between weather and climate.
And the climate is changing, and it will be perfect for the RE malaise.
Hi cost region, low wages, service economy, neglected for two decades, while the criminals ran the province by proxy.
The pandemic is not the problem, it only exposed the problems that RE pumpers were denying all along.
LOL. Get your head on straight. Immigration a and Planes were never halted. Population growth is still driving the market.
Ontario cases set to explode.
Migrant farm workers from Mexico have brought in a huge number of cases. 125 infected yesterday at ONE farm.
How did these people get here? Turd lied to you.
But this is great news for the bears. More instances like this and rich immigrants will stay away.
AC992
Duh.
I know. Finally they list 1 flight because the outbreaks are now at the Mexican migrant Camps in Ontario.
People slowly going to find out.
Check the historical records for the same flight number, liar.
What a dummy you are!!! Took the bait. Hahaha
Owned again. Hahaha
Flight numbers are set via route assignments. Why here they fly is another matter.
Thanks for the many laughs.
PS. Seriously get a BF
Liar, there are records of the transponders available in many places.
Let me guess – you’re now going to expand your already ridiculous conspiracy theory?
NOBODY believes your dumbfuck lies. NOBODY.
Hahaha. I worked in the airline industry dumbass.
Owned.
Record of transponders????
Hahaha. Stop for gods sake. Stop making a fool of yourself.
Want a link? LOL
There’s literally no end to your lying, and nobody gives a that you used to drive for Gate Gourmet.
You got caught with your pants down. AGAIN.
Hope most here are not falling for the msm /globalist latest psy-op. 41 unarmed Americans were shot and killed in 2019. Only 9 were black. There are 44 m total population.
This video of a white guy being killed by police is similar to the Minneapolis one except in this video the cops are laughing.
https://mobile.twitter.com/mattwalshblog/status/1266715217398030336
This one is horrific. White guy sobbing pleading for his life saying the cops are going to kill him.
And that’s exactly what they did. Truly horrific video.
Imagine if they were black? But they’re white so no Outrage/protests or msm coverage.
Oh and the cops got off with no charges.
https://twitter.com/MattWalshBlog/status/1266715785923309569
So blacks make up 12.7% of the population yet 22% of such deaths? Which means they’re over represented in such instances.
Owned.
We all knew a retard like you would view it that way. You fool no one. 96% of shootings are against men . By your logic police are over targeting men. Normal people see it as men are committing most crimes so naturally they will be involved in more shootings.
Dumbass, it was you who made the numbers argument in your first paragraph. But, surprise, right wing morons can’t count.
You got owned again.
You get owned every time you post.
Blacks commit far more crime per capita that’s why you see higher percentages. We don’t know the circumstances around the 41 deaths but probably a crime was being committed.
Now fuck off you worthless piece of shit troll.
Idiot, this is exactly what’s at stake here. Ending up as a crime statistic requires that the police choose to arrest you and the courts choose to convict you. Ending up in jail requires the judicial system to elect to use that form of punishment over any other.
Black people end up over represented in crime statistics because of the systemic bias which chooses one path for them and the lesser path for whites.
So in your 41 deaths I’d say it’s likely the white people were in the process of committing a serious crime whereas the black people were simply driving the wrong car or placing their weight on the wrong foot while standing.
Fuck you for trying to pretend there is no problem in the US.
Fuck racism. Fuck racists.
Yes this is the official line that the Chicoms are pushing on social media to stoke racial animus in the US but most know it is not true.
But the reason blacks commit far more crimes is because……slavery?
I think that’s it!
Could be slavery but I think our resident virus would say Trump has lot’s of blame too.
Hey BPOM. Notice how racist the “anti racist” crime fighter is.
I said we don’t know the circumstances around the 41 deaths but a crime was likely taking place in all incidents. But our resident racist thinks the whites were likely committing crimes and the blacks were basically wrong place wrong time. Lol. That’s racism right there.
Here is 2016 FBI crime stats by race. Says it all even if some don’t want to see.
https://ucr.fbi.gov/crime-in-the-u.s/2016/crime-in-the-u.s.-2016/topic-pages/tables/table-21
This might be the greatest twitter own I’ve ever seen.
When Trump went to the church that was set on fire last night and held up a bible.
Father Edward Beck:
“Has the Bible ever been used in a more disingenuous and exploitative way?”
Beck is a CNN religion commentator who condemned the Covington kids which turned out to be another msm hoax. Zero credibility.
Someone replied:
“Sure i’d say when the catholic church hid behind it when they abused children“
Lol.
Trump rarely attends church, the bible is just a prop in a twisted photo opportunity for him.
He’s desperate and knows he’s now a one-term president (impeached).
CNN itself is a hoax.
They claim to be a “news” network that employs “journalists”.
LOL!
Radical left needs to be destroyed. Now is the time. Trump needs to send in the MOABs.
It wouldn’t at all be surprising if he turned the military on his own citizens. That’s the kinda guy he’s going to be as his desperation increases by the day.
How is that a problem for you? Chicoms do it with great regularity.
Lol yep. Tiananmen square anyone?
Oh and this poll. Half of all dummycrats support military intervention. Lol.
“Would you support or oppose cities … calling in the military to supplement police forces … to address protests in dozens of U.S. cities in response to the death of George Floyd?”
Support: 58% (R 77% / I 52% / D 48%)
Oppose: 30% (R 15% / I 31% / D 43%)
https://twitter.com/JerryDunleavy/status/1267858438450806786
Note how the words “hoax” and “phoney”, the parlance of an out-of-touch grandpa, were barely used in modern language until an entire tribe of morons needed to be told how to think. Now they use both as a sentence. LOL!
The market is frozen, I guess
New
298
Price Change
80
Sold
58
TI: 10802
LOL!!
1st of the month.
LOL.
May 1st
New
124
Sold
47
April 1st
New
117
Sold
76
LOLOLOLOLOLOLOL!!!!
Phase 1 vs Phase 2
ROFLMAO
At this rate phase 3 will bring.
New
536
Sold
61
And it’s RO”T”FLMAO.
You’re welcome, Special Ed!
False. Like everything else you’ve ever written.
ROFLMFAO!!
I could never figure that LOL shit in response Paul’s numbers.
I guess SIDA just wants us to think she’s having a good time.
He’s actually retarded, for real.
That’s why the constant LOLing, like a giggling special ed kid.
I believe your on to something! It lol’s about 90% of its’ posts.
Ouch. Apostrophes are hard.
You missed the “you’re” typo in your haste to be a worthless fucking piece of shit again.
ROR!!
Nope. I counted that as one of the 3 (three!) apostrophe fails.
“Media hyped it up beyond reality”
Home debtors better hope that is the case.
If not, bond market will crash, and mortgage rates, will climb so fast and high, you will vomit.
LOL.
You better hope for a 2nd massive wave. Otherwise this market is going to the moon.
Just like NASA, we’re going back to the Moon.
Sold for $180,000 above assessed in East Vancouver after four days on the market.
1153 11TH AVE E
Assessment
(2020) $1,422,100 =
$1,390,000 (Land) + $32,100 (Bldg)
PID 014-898-811
Lot Size 0.09 acre
MLS® History
2020-May-19 Sold $1,602,000
2020-May-15 Listed $1,450,000
R2456338 • Multiple Realty Ltd.
Sold at a loss if you include the major renos, taxes & expenses 🙂
House was described as “original condition”.
What do you expect with the Pandemic over. Media hyped it up beyond reality. At least they now know they can control sheep via media.
It’s not over. Hundreds per day are still dying from Trump Virus just over the border which is still closed. Unemployment is at a historic high, and we’re in an artificial holding pattern until the government’s emergency economic supports have been removed.
LOL
Foreign students and TFW pouring into Canada the last 10 weeks. Hahaha. Who’s right now minions????
A rate of 2000 a DAY at 4 airports!!!!
Minions will never get it. They believe the headlines.
By the way, the rate now is up to 80,000 per month!!!
Word went out that Trudeau is handing out free money; a stampede ensued.
How many are leaving Canada, Oracle? How many will leave when the gravy train ends?
None are leaving. India is not accepting flights.
Trudeau will announce acceleration of time to get immigration.
Candian dollar at pre pandemic levels.
The pandemic is over.
Could be. That’s what the stock market thinks.
Plus immigration really never shut down.
The main airports stopped listing incoming flights and the sheep believed ‘the links’ LOL.
Not one listed flight from Mexico on YVR website in the last 6 weeks. Yet 20,000 have arrived here from Mexico in that time. Hahaha.
How they get here? USA border is closed to Mexico. Oh yeah, cruise ships…..wait.
LOL
The supply of people that will want to come to YVR has increased the last couple months… I think a lot of people are going to see this as a good place to be or to put money. We don’t have riots and Covid is barely a thing.
As an aside, watch the traffic tomorrow. Going to be a busy day.
It’s all about confidence. People now know that if virus happens again, it CAN be contained.
IMO, the pandemic thing is a nothing burger.
False.
Joe Biden and Sen. Tammy Duckworth Trump’s encouragement of racism against Asian Americans is an affront to all Americans
This is the despicable lying left doing the bidding of china.
These are the globalists fighting for their very survival. Trump was unlawfully spied on by Obama in Obamagate. Trump was then accused of colluding with the Russians, which turned out to be a complete lie. What’s really criminal is the people who accused Trump knew all along that the trumped-up charges were a hoax from the get-go. Heads should roll over this. Then there was the ridiculous and farcical Kavanaugh hearings. Ukrainegate and the impeachment came next, and were a complete joke as it’s now being revealed that Biden and his son were funneling U.S. aid money out through Ukraine and into their own pockets. Next came the Covid-19 pandemic where hospitals, on orders from their Leftie governments, sent Covid-infected elderly patients into old-age homes, causing thousands of further deaths. And big Pharma, Gates and Fauci warn us against using… Read more »
All this only makes Trump more powerful. The majority can see what is going on. The media has never been less trusted. It all results in a 2020 landslide for Trump along with democrats losing power from every level of government. Who would vote for these losers? Trump states and cities are thriving while the democrat run cities and states are being burned to the ground after being unnecessarily locked down for 3 months.
Well the majority then have to fight. Not lay back and watch (or post on the internet) as the radical left destroys their way of life.
Antifa are terrorists. If I see any, they better watch out.
Media is generally trusted by most not self-identifying as morons by wearing a silly red hat who’d swear the sky was green if their loser leader tweeted about it. Trump states and cities are generally the sickest of the US economy, with many red states needing annual subsidies. I wonder who funds those?
The most unpopular president in modern history can’t even be bothered to address the nation in a time of crisis. Perhaps there’s a golf course buried in that underground bunker? He’s going to be relying on the hardcore racists in November, all of them too stupid to blame him for squandering the incredible economy his predecessor left him.
Lol. Only brainwashed fucktards like you believe in the msm.
You’re overly confident and under educated. That’s the real issue here. The far right alternative media appeals to you because it makes you believe you’re somehow enlightened and have a special level of knowledge and understanding that others should aspire to. Like you’ve solved the biggest riddle of all. But you’re actually a moron, not at all special, and your stupidity is being exploited. It’s quite simple. People laugh at you.
The level of disconnect with reality you’re willing to force upon yourself if simply stunning. It should be painful to be that dumb.
Your not worth my time your so dumb. Your hopeless.
You parrot out the msm talking points like a well trained seal.
CNN ‘s Brian stelter.
With trust in media at record low levels, the pressure is on us media types to better explain WHY we do what we do
https://www.cnn.com/videos/tv/2016/10/23/trust-in-media-what-do-voters-think.cnn
You will eventually realize that the hysterical race baiting left is not worth even speaking to, let alone debating.
They’re a complete fucking waste of time.
If they get in your face just hit them with a stick and move on.
You are exactly right. It’s like talking to and trying to reason with a brick wall. I will mainly ignore the troll, not worth my time.
LOL
Actually, Trump was impeached, a Senate Republican voted for his conviction, and the Mueller report found that he likely committed over 10 criminal acts of obstruction. Meanwhile there is no evidence at all of wrong doing by either Biden, Barr concedes that neither Joe Biden nor Obama are in any sort of legal peril, and Trump nor anyone else can actually explain what “Obamagate” even means apart from being a catchy hashtag.
Yet you think others have the wool pulled over their eyes. LOL.
LOL. Obamagate, Russiagate, Ukrainegate, Kavanaughgate, FBIgate, Crowdstrikegate, CIAgate, and on and on…..all these gates were an attempt to overthrow a duly-elected President. That’s sedition. No, they probably won’t see jail time, but at least the people WILL get to see the evidence of collusion to overthrow a President, which is coming out now. What Obama, the FBI and the CIA did was a thousand times worse than what Nixon did. They will all go down in disgrace, alongside the Mueller Report which came up empty. The globalists have fought tooth and nail to remove Trump. Obama, had he been subjected to what Trump has been subjected to, would have folded up tent and slithered back to Chicago. Obama was treated with kid gloves by the bought-and-paid-for media. No, Obama played ball with the globalists and has been richly rewarded for… Read more »
5 year rate at 2.14%
LOL
So what? Nobody qualifies since the lockdowns.
Yes they do, and we were never in lockdown.
Listen you naive minion. Read my story above. Country is being flooded with people. Your gonna end up on the street. Mark my words.
*you’re
Please contact Ben Rabidoux about that topic.
Rabidoux? LOL
Research his track history. He denied immigration and foreign money was a cause of house prices runup.
He’s in it for his career only. MSM pays him well for his research.
Looting is the new “free market”. Everything is “free”.
Best place on meth:
“First triple since March 25, Dave.”
I would not be surprised at all to see a string of triples.
There are still a few kool aid drunks left.
The RE bubble is sustained by psychology; that will not change until the media reports on a string of foreclosures and price reductions.
The upside is that the longer the pumpers can keep the illusion going, the more supply build up there will be, and the more spectacular the stampede.
Perfect bull trap.
Locusts are getting courageous after keeping a low profile for some time. With malls and luxury stores reopening fucks are annoying the city again.
Luxury sedan caught speeding on Vancouver bridge with learner driver at the wheel