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Some comment threads may not make a lot of sense at the moment. We have a persistent commenter who clearly has some issues that are not best dealt with here. We sincerely hope they are able to get the help they need.

We have tried in the past to remove only the most inflamatory or wildly off-topic comments and we’ve tried IP bans, neither of which have been effective. Our new policy will be to randomly go through and delete all comments from this visitor.

To the politically minded that think they can persuade people of opposing viewpoints, we recommend you start your own blog or find another platform to berate strangers. We hear Facebook is nice this time of year.

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No Way

Resident lobbies Burnaby to stop ‘unethical’ $33K fee
https://www.burnabynow.com/news/resident-lobbies-burnaby-to-stop-unethical-33k-fee-1.24186833

This guy has been fighting the City of Burnaby over this fee for more than a year now and he still hasn’t started to build a new house.

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No Way

Big money bets big on B.C. rental: ‘Good news’ for investors, ‘worst fears’ for residents
https://vancouversun.com/news/local-news/rental-housing-investment-feature/wcm/2280e263-21f7-4582-b133-b1518b0fc6a3/

Renters ultimately pay the price for the commodification of real estate.

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Werner Stein

“The staff didn’t even have time to do a good sales pitch on all the after market stuff like normal.”

No, it was not because of lack of time.
They knew you from before, and did not want to spend any more time with you than necessary.

You are oblivious as to how repulsive you are to humans.

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Werner Stein

“Australia extends mortgage deferrals to a year.
Canada soon to follow suit.”

No need for that in Canada.
Your sociopath colleague has reported that the economy is Boom Boom.

Could his Trafficometer be wrong? 

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Saretsky

Australia extends mortgage deferrals to a year.

Canada soon to follow suit.

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Spec

No.

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Best place on meth

Proof?

Just kidding, Oracle.

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Spec

The most compelling piece of evidence that “saretsky” is Oracle is that he’s so quickly, demonstrably, wrong LOL https://financialpost.com/real-estate/mortgages/mortgage-insurers-cool-to-extending-six-month-pandemic-payment-deferrals/wcm/69e4fafe-580e-4322-86e9-821c54757860/amp/

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Best place on meth

Mortgage deferrals end next month, rent payments must resume Sept 1, and for those who weren’t paying rent they will have to pay a surcharge of up to 50% starting Oct 1 for the next 10 months.

August is the calm before the storm as the government kept crowds enjoy spending their time and CERB money on local patios soaking up the sun.

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xhistory

Refi mortgage for transgender operation tourism opioid? Or contract psychopath opioid?

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xhistory

Derivative rental. This has grown in scope. You can take an idea, expressed thru an artwork, and use it in an advertising campaign. We’re seeing this right now with the Art Basel Banana derivative(idea) used at the DMC. It stands to reason, since the Creator measures housing very unusually, that this New form of Rental would take the opposite side of the exchange with the Old form of Rental (commodity RE). Thus the Art Basel Banana, $535,000 Canadian dollars, on Dec 5, 2019. Where would that dollar amount fix today?

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southseacompany

“Condo rental prices have fallen over 10% across Canada: report”, Daily Hive
https://dailyhive.com/vancouver/condo-rental-prices-fallen-across-canada-report

“Toronto and Vancouver average rents for apartments and condominium rentals declined 8% year over year, while Calgary rents were down 9%. York, Saskatoon, North York, Regina, Red Deer, and Winnipeg also all experienced double-digit drops from July 2019 to July 2020.”

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Spec

No suburbs or exurbs to flee to in those non T.O./Couv locales…. What’s the term to describe the opposite of household formation?

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Best place on meth

Empty apartments in Manhattan reach record high, topping 13,000
https://www.cnbc.com/2020/08/13/empty-apartments-in-manhattan-reach-record-high-topping-13000.html?__source=twitter%7Cmain

The number of empty apartments for rent in Manhattan soared to their highest level in recent history, topping 13,000, as residents fled the city and landlords struggled to find new tenants.
The number of apartments for rent, or listing inventory, more than doubled over last year and set a record for the 14 years since data started being collected, according to a report from Douglas Elliman and Miller Samuel. As the number of apartments listed for rent hit 13,117, the number of new leases signed fell by 23%.

July also saw the largest fall in rental rates in nearly a decade, dropping 10%. Landlords are now offering an average of 1.7 months of free rent to try to lure tenants, according to the report, which is also a recent high.

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paulb

N 172
PC 64
S 70
TI 13411

MTD
N 2731
S 1239

http://www.instagram.com/clivestevepaul

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Dildo

seems like more people want out than are getting out

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Spec

On pace for a bottom of range sales month while surpassing a listing record. More distortion from the delayed season, I suspect… plus other factors.

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southseacompany

“The Greater Vancouver Condo Market Should Prepare for Volatility.”, Eitel Insights, Aug 11

https://www.eitelinsights.com/marketupdateblog/2020/8/11/the-greater-vancouver-condo-market-should-prepare-for-volatility

“The Greater Vancouver Condo market is experiencing another stagnation period in price movement. Over the past three months prices have remained within a three thousand dollar bracket. Current prices are retesting the higher echelon of the middle threshold in the current market cycle. The average sales price is down 9% from the peak, signalling there is plenty of room to drop. Eitel Insights forecasts that during 2022 prices will have dropped nearly 30% from the peak experienced during 2018.”

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Dave

I just bought another car this week. The dealer was insanely busy. It took two hours to do all the paperwork last night and normally I can be in and out in 45 minutes. Car sales in Canada were only down 5% in July and based on my experience, I wouldn’t be shocked if they’re up in August.

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Spec

ATVs, motorhomes, boats also up. It’ll be a craiglist/kijiji banquet buffet in a few months….

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Best place on meth

They’ll all get repo’d before they ever hit craigslist.

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Todd

what kind of car did you buy Dave?

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Dildo

Domestics all have had their lines shut down and can’t get cars.

Guess what’s happening to dealership staff as we speak — both high and low earners.

You are a fucking clown.

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Dave

The staff didn’t even have time to do a good sales pitch on all the after market stuff like normal.

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Saretsky

Lumber prices through the roof.

So much demand for builders out there and it’s costing me an extra 20% to build right now. Absolutely crazy.

125/sq Ft now.

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Shut It Down Already (original)

I’d been shopping around in February. Once the shutdowns hit I decided to wait under the expectation of getting a better deal in summer. That turned out to be a mistake. There’s nothing like the sort of incentives being offered in 2009, it’s almost as if nothing changed.

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Dildo

Dealers don’t have to discount because inventory is constrained due to manufacturing lines shut down, plus production staff hiding at home / on ventilators / dead RIP. What few cars they can get here in Canada will be sold, (Canadian dealers suck the hind tit at the best of times — gratefully taking whatever limited inventory the manufacturers feel like sending them) so price incentives are suspended. Don’t believe me? Call one and ask. I am loving the conversation this month because it is teaching me about how and why fake news is manufactured and spread. Watching it be born and grow in real time is fascinating. I don’t know many people but I do know people in some of the industries that you guys have referenced. Your fabrications are not only glaring, but they are nonsensical. Yet to the… Read more »

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Shut It Down Already (original)

What’s wrong with you?

I told you that there are no incentives, and you call that a fabrication but then still agree with me?

So weird.

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Dildo

I don’t really read your posts if I’m being honest

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Best place on meth

That is a wise move.

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Shut It Down Already (original)

No, you just feel compelled to launch yourself at the keyboard.

Like I said – weird.

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Dildo

Guilty as charged.

Dave’s blatant manipulation and ramping make me want to punch the screen.

It’s not my best look. Dave really owns me with it.

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Dave

I was able to negotiate a great deal, but that’s every deal for me.

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Dildo

Bait taken

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Best place on meth

You should write a book about making deals Dave and give it a really catchy name, something like…..I dunno, “The Art of the Deal” or something like that.

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Dave

I asked every employee I dealt with how their business was doing (after I made the deal) and they all expressed how busy they have been. Even though they had two insurance agents, the sales agents were jockeying to get into the queue. When I gave my name, they said, “Which one because another Mr. _____ just bought a car too. You guys related?”

Apparently insurance rates drop September 1st. Word went out a couple days ago. Add that to evidence of a Fall Provincial election.

Moves are being made to get Trudeau out. PM Freeland for Christmas maybe and Spring election.

We shall see.

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No Way

You don’t lease your vehicle ?

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Dave

This was for my current wife.

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No Way

And a new car for your sugar baby ?

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Best place on meth

He had her deported back to Estonia.

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Roger

Current wife? How many did you have?

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No Way

Prices on used cars are also up now.

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Big Bear

Always like that in a weak economy.

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Shut It Down Already (original)

Of course. People don’t want to use transit.

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Best place on meth

There are so many people riding bikes now it looks like Beijing in the 70’s.

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No Way

There is a shortage of new bicycles too.

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xhistory

Opioid refi mortgage travel, opioid transgender operation, opioid rescue pet, opioid money laundry. Opioid servants we’ll Allow Them to sleep in their vehicles employer, opioid guilt trip you, my ailing wife bulshit story, cause I gotta protect opioid entitled elites

Opioid to the Moon!!

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No Way

Record lumber prices adding thousands of dollars to new home building costs
https://app.tmxmoney.com/news/cpnews/article?locale=EN&newsid=14rrm1

Homebuilders say increases this year to date will translate into $8,000 to $10,000 more to build a typical single-family house in Canada. Prices for other building products are rising just as quickly.

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xhistory

https://www.mortgagebrokernews.ca/news/deferrals-in-canada-far-outpacing-rate-of-forbearances-in-u-s–331885.aspx

This is because housing prices didnt correct during the financial crisis 12 years ago. They did in the USA, and they learned their lesson.

Instead Canadians went back to the broker every chance the banks gave em.. Opioid mortgage, opioid immigration, opioid capitalism, opioid contract psychopath, opioid opioid opioid marcia. Yeah, twas a crisis

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Dildo

LOL but Dave ™ PREC says

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bullwhip29

B.C. modelling shows potential second surge in September bigger than the first

https://www.richmond-news.com/b-c-modelling-shows-potential-second-surge-in-september-bigger-than-the-first-1.24186268

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Dildo

Too bad New York doesn’t have Mountains ™.

I wonder why all that free money isn’t juicing their transactions to the sky?

(Considering that Manhattan is cheaper in local incomes than Yaletown?)

https://www.zerohedge.com/economics/real-estate-collapse-q2-record-44-nyc-neighborhoods-closed-fewer-five-deals?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Real Estate Collapse: In Q2, A Record 44 NYC Neighborhoods Closed Fewer Than Five Deals

[…]during the last quarter, a record 44 NYC neighborhoods closed fewer than five deals — a metric we consider to be the lowest minimum threshold for calculating a neighborhood’s median sale price[…]

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Strata Hacker

Too bad the loser bears don’t live in NYC

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Spec

https://www.bnnbloomberg.ca/siddall-s-stark-warning-on-canada-mortgages-wins-cdic-support-1.1480175

Siddall’s stark warning on Canada mortgages wins CDIC support
McLister’s and Nixon’s whining gets pushback. Their motivation to clap back at Siddall is obvious. What could possibly motivate Siddall and Routledge to speak out the way they did? 😉

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Spec

https://betterdwelling.com/canada-doubled-down-on-real-estate-in-2005-now-its-the-biggest-bubble-the-g7-has-ever-seen-and-its-getting-bigger/

“Canada Doubled Down On Real Estate In 2005. Now It’s The Biggest Bubble The G7 Has Ever Seen, and It’s Getting Bigger”
We’re “special”

Screen Shot 2020-08-14 at 11.20.12 AM.png
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Dildo

This could be the banner image for the whole site.

The article could be this site’s thesis

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Best place on meth

Looks like Japan’s massive bubble lasted about 15 years and roughly doubled, that bubble was epic.

Meanwhile ours lasted about 15 years and nearly tripled. Ruh-roh!

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Spec

Japan’s example is probably as close as an economy can get to a “soft landing”. Still not a flight I’m interested in taking….

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Shut It Down Already (original)

France’s graph looks the most like a soft landing to me.

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Best place on meth

Japan was more of a flaccid landing because they were never able to get it back up again.

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Laibach

What’s missing on the chart is China graph, certainly mirrors Canada. Another proof that Canada is rather part of Sinosphere and not The Western world since the Expo 86, chart apparently proves that.

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Dildo

China, with $52T in real estate booked as “assets” by developers.

For comparison, all of the stock markets in all of the world are worth about $85T.

And China has decided that for accounting and wealth-conjuring purposes, their empty and falling down apartment buildings are worth 52 trillion dollars. (Sound familiar?)

It’s actually such a massive bubble that it alone could collapse the world’s economies.

Nice to have our wagon hitched to that, of all things.

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Shut It Down Already (original)

Yet the HPI is dismissed outright.

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Werner Stein

Maybe the emotional cripple SIDA could supply the data on manufacturing in BC.


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Werner Stein

Speaking of data….

Does the sociopath know just how little manufacturing contributes to BC GDP?
Very little.

Smoke, mirrors, shallow knowledge with a good sprinkling of lies.

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Dildo

But..but..the wingtips of the F35 are made in Richmond. There is a guy who makes the coat hangers that dry cleaners use.

And don’t forget the main thing we manufacture: Housing to flip to each other!!

You can’t deny that we manufacture the shit out of that.

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Laibach

Who needs local manufacturing (keeps environment clean) in BC when global businesses generously contributes to BC GDP. It is how contemporary world function according to shill-brain-trust on VCI.

Criminal syndicates that control chemical factories in China’s booming Guangdong province are shipping narcotics, including fentanyl, to Vancouver, washing the drug sales in British Columbia’s casinos and high-priced real estate, and transferring laundered funds back to Chinese factories to repeat this deadly trade cycle, a Global News investigation shows.

https://globalnews.ca/news/4149818/vancouver-cautionary-tale-money-laundering-drugs/

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Dildo

More bullish news for world economies and consumer confidence:

https://fivethirtyeight.com/features/why-were-planning-for-an-election-day-that-could-last-months/

We will probably not know who is in charge of the largest economy in the world for weeks or months. Also civil war.

Dave ™ PREC, how will the unabashed implosion of Canada’s largest trading partner make our economy and ability to spend million dollar increments on basic necessities go up?

I know you can come up with something.

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Werner Stein

“Burnaby rents up 9% Year over Year! Victoria up 15% Year over Year! Kelowna up 16% Year over Year and 4% in one month!………….”

And you are giddy because more and more honest working  people are being squeezed.

Low life.

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Dildo

As has been pointed out, there is no metric for rents being paid because rental contracts are not public data.

Rents could be up or down; there is no way to know.

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Shut It Down Already (original)

CMHC’s rental report is good enough.

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Dildo

Dave ™’s Traffic Report ™ is good enough!

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Shut It Down Already (original)

For somebody who keeps saying we don’t have any data you don’t seem to be particularly well informed about what’s already available.

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Dildo

Post the data on rents. Have never seen a link and I have never had a rental contract that would have been indexable by any agency.

Rents are private and any metric cannot come from data. It must be an estimate or a survey. Like the kind that said we would have 4 years of Hillary.

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Shut It Down Already (original)

Feel free to swing by the CMHC website. All your questions will be answered. But it still won’t be enough for you.

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Dildo

I looked for it but all I could find was that they had conducted a survey of the average rent across all rental types, and relied on tenants to self-report what they were paying. My searching skill must not be as strong as yours. Can you please post a link to market data and the statistical analysis thereof? One that would include all current rental contracts and how they are distributed? Because survey data is only as reliable as the respondents. And as you spooge eaters point out every single day, an Average is irrelevant because it will change upwards and downwards due only to the the changing of the mix. So in this case, we can guess that a flood of SFH has hit the rental market due to the death of AirBnB. Thus skewing the mix skywards without… Read more »

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Best place on meth

CMHC publishes data once a year, the latest is from October 2019.

Do you have any idea how useless that is after all that’s happened this year?

LOL! Idiot.

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Dildo

LOL 2019 data being printed as “prices going up during COVID!!”

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Shut It Down Already (original)

Who made that claim? Not me.

You’re both pretty clueless, really. LOL.

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Dildo

“Shut It Down Already (original)
 2 hours ago

 Reply to  Dildo
CMHC’s rental report is good enough.”

You made that claim.

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Best place on meth

It’s “good enough” to wipe my ass with just like SIDA’s liberal arts diploma.

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Shut It Down Already (original)

I didn’t claim that the report is current as of the present day or that it can explain what’s been happening during the pandemic.

As usual you claim we have no data. I showed you that we do. And what you seem to be actually asking for – a real-time stream of rental contract prices – will never exist. Which makes whining about its absence totally pointless.

This is the standard bear pattern.

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Dildo

Sorry I must have missed your link to the data?? All I saw was a written reference to a voluntary survey from before COVID. Lots of cultures are secretive about money and would sooner send you pictures of their mom’s tits than tell you how much they are paying for something. Surveys also tend to bias towards landlines which is a very specific, dwindling, and non-representative demographic. Just ask the people at fivethirtyeight.com how out in left field a survey can be. You think that someone calling random Vancouverites as asking them to tell you how much they are paying for their living situation will get you candid and representative data? You advocate for taking the average of those voluntary and self-selecting responses across all housing types, not correcting for the mix, and printing it as a single trend. Or… Read more »

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Best place on meth

“Feel free to swing by the CMHC website. All your questions will be answered.”

Backpedaling weasel. LOL!

Clown.

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Shut It Down Already (original)

It’s hardly my fault that you’re incapable of the most basic comprehension. The other moron was asking me questions before they’d even bothered to check the website. Hence my sarcastic reply. Duh.

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Best place on meth

It’s merely a survey, says so right on their website.

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Dildo

What language was the survey conducted in?

LOL

In a city of cash payments between family members, and cultures in which asking financial questions to a stranger is as rude as asking them how often they beat off, what kind of information are you going to get from an anonymous survey about intra-family financial arrangements?

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Shut It Down Already (original)

You’ll always be able to find a “Aha! But what about….?” for any source of data. My suggestion is you learn to work with what we do have rather than pretending it doesn’t exist.

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Dildo

WHAT SOURCE OF DATA?

YOU HAVE NOT POSTED ONE

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Shut It Down Already (original)

The CMHC Rental Market Survey is a source of data, like it or not.

As I say, you’ll never get the entirety of every single tenancy agreement in real-time – which is apparently the only thing you’ll settle for.

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Best place on meth

“Feel free to swing by the CMHC website. All your questions will be answered.”

Moron.

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Shut It Down Already (original)

Duh, questions about what data is available, the methodology behind how it was collected, and so on. You know, the sorts of things you might discover by visiting a website for the first time.

Life must be so hard for you.

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Best place on meth

“All your questions will be answered”

Except for the most important ones. Are rents going up or down during an unprecedented economic event and by how much?

Moron.

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Werner Stein

Cannot break the habit of smoke and mirrors:
Manufacturing go boom.

“Despite the gains, total manufacturing sales in June were 13.2 per cent below their pre-pandemic level in February.”



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Dave

I have a good feeling that today’s sales numbers are strong heading into a sunny weekend.

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