It’s beautiful out.
Time for a new thread!
What are you seeing out there? Will a wave of autumn infections drive up the price of real estate?
653 Comments
1) Because you’re full of shit, again. The border isn’t “wide open” and the government does not pay for quarantine, you have to present a viable plan to the border when or be refused entry.
*border agent
Interesting range of possibilities. If delinquencies are at the 1% range, valuations will likely survive the next few months assuming the 760K number is accurate and that the liquidation of that stock transpires in an orderly fashion. 7600 additional domiciles in the supply chain across a 6 month to one year span spread out over a number of locales does not add to available stock in any deeply impactful way IMVHO. If closer to 5%, the impact will be felt. So, the waiting game it is….
Link/evidence or GTFO, liar.
“Perhaps because you never attended one you imagine universities to be a heavily-guarded vault full of technological secrets of national importance?”
Now i question if you have.
Ever meandered around TRUIMF, or Forestry?
Obviously not.
Burnaby owner dodges $13,500 in fines for renting unit without strata permission
https://www.burnabynow.com/news/burnaby-owner-dodges-13-500-in-fines-for-renting-unit-without-strata-permission-1.24194165
All the usual excuses used here; can’t speak English well, didn’t understand the rules, ignorance of the law, etc.
And of course, RACISM!
Of course she was discriminated against, because the strata would not let her representative communicate with them on her behalf. But that’s the sort of thing to expect from power-hungry strata bozos who have nothing better to do with their time.
This News Is Bullish ™
https://globalnews.ca/news/7302194/canada-coronavirus-vaccine-deal-china/
This News Is Bullish ™
“Canada’s economy shrank at fastest pace on record in Q2 despite sharp bounceback in May and June”, CBC
https://www.cbc.ca/news/business/statscan-gdo-1.5703354
“Statistics Canada reported Friday that the country’s gross domestic product shrank by 11.5 per cent in the three-month period between April and June. That’s a 38.7 per cent pace of contraction for the year as a whole, far and away the steepest and fastest decline on records that date back to 1961.”
This News Is Bullish ™
“Uncertainty, lower demand expected in Canada’s housing market: CMHC”, Global News
https://globalnews.ca/news/7304001/cmhc-housing-market-coronavirus/
“The housing market will have to reckon with significant short-term uncertainty, as well as falling housing demand from weaker household incomes in the medium term, the Crown corporation said on Friday.”
“CMHC said the economic shock of the pandemic has not yet been fully reflected in the latest housing market data, predicting the process of containing COVID-19 could still pose a risk to prices, sales and new building projects.”
This News Is Bullish ™
CMHC readies for housing market risks in wake of COVID-19 downturn
https://app.tmxmoney.com/news/cpnews/article?locale=EN&newsid=828axbCMHC&mobile=false
CMHC said the economic shock of the pandemic has not yet been fully reflected in the latest housing market data, predicting the process of containing COVID-19 could still pose a risk to prices, sales and new building projects.
This News Is Bullish ™
“Young people cannot get into the housing market, buy stocks or other assets because they are too expensive, thanks to negative interest rates, quantitative easing and large deficits.” Maxime Bernier tweet
https://twitter.com/MaximeBernier/status/1233791025950404609
This News Is Bullish ™
Canadian stocks are expensive? LOL.
Sometimes doing NOTHING is the best strategy.
Dildo:
“ This scenario ends one way, and one way only. And not the way you are implying.”
Exactly, correctly, 100%
We are NOT going back to feudalism.
This is hard for the three pigs on this board to accept or understand.
They have been gorging on societies hard work for far too long, and at some level they do know the reset is coming.
But as I said many times before, they have a lotto ticket with an expiry date; thankfully they are to stupid and greedy to cash it.
They know.
Billionaires have built literal bunkers, and quietly commissioned megayachts that can stay at sea for years.
As a delay tactic, they have rendered civil discourse and democratic participation criminal acts.
They have seized control of old media and new media, and are curating the spread of information.
These are the hallmarks of a terrified ruling class digging in for the fight of their lives.
Anyone who thinks that they are in solidarity with a billionaire class, and that that class is going to lift “the smart ones” up to a position of permanent financial dominance over some mythical submissive underdog class, has been eating too much farmed caviar and driving their leased nouveau-riche douchevertible with the top down for too long.
“The Trump International Hotel and Tower Vancouver, which closed its doors in March due to the COVID-19 pandemic, has shut down permanently.
Reservations are no longer being taken at the 147-room Trump-branded hotel. A staff member answering phones on Friday told Postmedia that the hotel was ‘closed for good.’”
(Vancouver Sun)
This News Is Bullish ™
The world is upside with the stock market and real estate market inflating to such heights. Welcome to the Great Divide everyone, and its everywhere! The rich will get richer, and the poor will eat cake!
“People don’t go hungry for very long.”
Make no mistake, any such divide would be torn down and pulverized, then burned for fuel by the stupid masses.
There is currently a greater wealth gap in the world than there was at the start of the French Revolution. Let that sink in.
The planet is also currently stacking corpses faster than we did during world wars.
We are doing this as a direct result of a wealthy ruling class that chose not to perform even the most basic tasks in recognition of the humanity of 99% of the planet.
This scenario ends one way, and one way only. And not the way you are implying.
The central banks (especially the Federal Reserve) have really dropped the ball in the last 25 years. By persuing MMT and ever lower interest rates rather than letting the economy reset naturally they have painted themselves into a corner where we are spiraling downwards to the point of economic destruction. When the dollar has inflated to the point of oblivion then we are done.
We also should not hve sent all our manufacturing jobs offshore. China now manufactures more cars than the USA. The companies that off-shored their manufacturing are traitors IMO.
We can’t run an economy on consumerism, we need manufacturing to create real wealth. Real wealth isn’t debt.
That may not be “done” for a long time (read hundreds of years). Just look at the past 40 years of Vancouver real estate. Here is one example of the West Vancouver Housing market. Clocking in just about $5 million dollars on average: https://www.strawhomes.com/mls/west-vancouver-homes/ and North Vancouver housing market clocking in at $2.3 million: https://www.strawhomes.com/mls/north-vancouver-homes/
This is mostly correct. Those that buy real assets using free central bank money are going to be the winners. The Fed just said rates are going to be low for a LONG time.
There isn’t really poor anymore though. It’s the pleb class that will get free stuff like CERB and such. Those people will have enough to eat and get by, but they’re not going to get rich like me.
[…], And Other Myths
Trump pops to 52%: ‘Best job approval rating on record,’ up with blacks, even Democrats
https://www.washingtonexaminer.com/washington-secrets/trump-pops-to-52-best-job-approval-rating-on-record-up-with-blacks-even-democrats
Buoyed by blacks and independent voters, as well as urban dwellers shocked by the Black Lives Matter protest violence raging in some cities, President Trump’s approval rating has hit a new high, according to a survey heavy with minority voters.
The latest Zogby Poll just shared with Secrets had Trump’s approval at 52%. “The president has recorded his best job approval rating on record,” said pollster Jonathan Zogby.
What’s more, his approval rating among minorities was solid and, in the case of African Americans, shockingly high. Zogby said 36% of blacks approve of the president, as do 37% of Hispanics and 35% of Asians.
It’s an online poll, LOL. Even Rasmussen currently puts him at a pathetic 46%.
Some Oracle insights: 1. Remember those ALR mansions the BCNdp was going to stop? Well here’s what’s happened. When the NDP got elected, a 5 acre ALR parcel of land went for about $800,000 in Surrey. Then NDP said they were going to stop this!!! What actually happened was the NDP gave everyone 2 years to get mansion approvals. Now there are thousands of properties approved and grandfathered. No timeline to build. So, guess what the going rate is for these properties? $4 million for a 5 Acre ALR property WITH permits to build 14,000 square foot mansions. Justification is you can’t get the permits anymore. Source: call and ask your realtor. 2. BCNDP needs to annually tax owners who own multiple properties in the lower mainland. Say 2-5% of assessed value with no exemptions. Where’s Carole James??????? The FOMO… Read more »
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180,500 Covid-19 deaths in the USA as of today.
Don’t worry, it’s just 15 cases and the 15 within a couple of days are going to be zero.
10,000 of them New York nursing home patients murdered by the Democrat governor.
Due to a directive issued by a federal agency, thanks for reminding us all about that.
You’re lying again.
Pfft, you’ve not even read it.
Liar.
You suck at this, much like you suck at pretty much everything else.
If only he hadn’t been denying the severity of the Trump virus while playing golf earlier in the year. Tens of thousands of lives could have been saved – especially those in New York after his badly-announced European travel restrictions caused panicked people to pack the arrivals halls on the east coast.
If only somebody had left him with some sort of playbook….
Now you try to cover up your lie by changing the subject.
Nope. Totally standing by my claim. There was no need to repeat it again as you provided no counterargument.
No need to counter argue as you provided zero proof with your outrageous false statement (lie).
If you were telling the truth, which you aren’t, you could very easily back it up but you won’t, because you’re a filthy, shameless, disgusting liar.
Now THAT is a true statement.
I’ve posted details about it in the past, including the agency and date of publication.
Pay attention.
But whatever it takes to avoid acknowledging the other 170,000 (soon to be 200,000) deaths, I guess.
Trying to divert my attention by sending me on a wild goose chase is further proof that you are lying.
You continue to refuse to back up your false claim (propaganda) with evidence.
It’s well documented, even Cuomo makes the same claims. You’re just unwilling to subject yourself to anything which doesn’t fit into your tiny mind’s view of the universe.
Let me help you out here, because you’re clearly flailing around and YVR isn’t here to bail you out, but it might be more appropriate to debate the meaning of the agency’s directives than to deny its existence entirely.
Just imagine if Obama killed 200,000 people through an utterly inhumane response to a pandemic. Now you clowns are simply shrugging it off because you’ll bend over backwards to support anything a fellow racist says or does.
Blah, blah, blah, deflection, evasion, back pedaling, insults, name calling…..
Just post the fucking evidence to back up your claim or shut up.
You refuse to do so because it doesn’t exist.
Liar.
Fingers in the ears time, I see.
Sad.
You’re done, liar.
Thoroughly owned.
Have a fabulous day and try not to lie too much. It’s not nice.
Ta-ta!
Of course you’re taking the chance to walk away. Pathetic, but also expected.
Hey asshole, yes you AIDS. Tell us why 45 governors did not send CHINA virus patients to nursing homes?
“Vancouver Condo Sellers Are Listing At The Fastest Pace In Over Half A Decade“, Better Dwelling
https://betterdwelling.com/city/vancouver/vancouver-condo-sellers-are-listing-at-the-fastest-pace-in-over-half-a-decade/
“Vancouver real estate has seen a big boost in buying activity, even condos. Real Estate Board of Greater Vancouver (REBGV) data shows sales jumped in July. The increase isn’t translating into the price gains seen in the general market though. This is due to the large number of new listings for condos, which hit the highest level in at least half a year.”
“Immigration to Canada drops 64%, threatening economic growth”, BNN
https://www.bnnbloomberg.ca/immigration-to-canada-drops-64-threatening-economic-growth-1.1481270
“Canadian immigration plummeted by almost two thirds in the second quarter as border restrictions remained in effect, threatening one of the country’s main drivers of economic growth.”
“Douglas Todd: Sharp drop in foreign students and immigrants slowing real estate”, Vancouver Sunhttps://vancouversun.com/opinion/columnists/douglas-todd-sharp-drop-in-foreign-students-and-immigrants-slowing-real-estate
“Rental prices are softening in Vancouver and Toronto and housing prices are soon to follow as the number of new immigrants and foreign students falls sharply because of border restrictions aimed at combatting the spread of COVID-19.”
“Despite a summer uptake of pent-up buying, house prices are more or less flat in both metropolises”
“The populations of Vancouver, Toronto and Montreal, noted Agopsowicz, would be declining if it weren’t for foreign-born migrants. That is because people have not been moving to those cities from other parts of the country, and “Canadian-born millennials fled for more affordable outlying areas.””
Evan not tarring all Realtors ™ with the same Dave brush.
Something something not taking shit from the slimy self-serving commissioned salesmen lobby.
If anyone is interested in my prediction, it’s that this guy is flying a little too close to the sun.
Speaking too much truth to the power brokers in Ottawa does not a stable bureaucratic career make in our corrupt little backwater banana republic of a colony.
“But I doubt we see more than 16,000, well short of 20,000.”
Inventory swells after the crash.
The only thing that is keeping the bubble afloat is FOMO fed by your unscrupulous borderline criminal cabal.
FOMO is a phantom, its effects can vanish instantly.
The artificial demand will turn off with the speed of a light switch.
There will be no perceptible warning.
FOMO is an emotion.
Fear of density during COVID is an emotion.
Emotions are not durable economic events.
deferral rates, with most July data, by province: AB – 21.0%, SK – 14.8%, NL – 14.8%, BC – 11.1%, ON – 10.1%, 3 territories – 9.9%, NS – 9.9%, MB – 9.6%, NB – 9.3%, PEI – 8.4%, QC – 5.6%. Deferrals in oil producing regions are evidently elevate
And the pumping parasites keep claiming that homedebtors are not affected by the job losses.
Note BC is at 11.1% even with a huge underground economy.
A Vancouver Island hotelier accused in connection with a U.S. Ponzi scheme is suing Facebook for $50 million over the existence of an “imposter” account set up in his likeness
https://www.cbc.ca/news/canada/british-columbia/ponzi-durkin-facebook-sooke-hotel-1.5701245