Page 1 of 3 123>
Topic Options
#8762062 - 08/16/16 05:41 AM Vancouverís real estate tax sparks backlash from Chinese buy
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 17711
Loc: Wiesloch-Walldorf, Germany
http://www.theglobeandmail.com/news/worl...rticle31404771/

_________________________
-wir machen druck lebendig

Top
#8762076 - 08/16/16 06:14 AM Re: Vancouverís real estate tax sparks backlash from Chinese buy [Re: c2k]
porschetr Offline
Post Master Supreme


Registered: 05/15/01
Posts: 19985
Loc: WBridge
Now all those Vancouver Chinese buyers will come here instead.
_________________________




Top
#8762078 - 08/16/16 06:15 AM Re: Vancouverís real estate tax sparks backlash from [Re: porschetr]
Risky Business Offline
Post Master Supreme


Registered: 05/17/10
Posts: 29820
Loc: Toro-nuh
Aren't Chinese super stuck up when it comes to this shit?

Like they will scoff at you if you go to Toronto from Van because you can't afford it, so you are therefore a peasant bottom feeding dirt peep?

It's like Chinese here, if you can't buy in Markham and go to Scarborough you are basically cut off

Top
#8762090 - 08/16/16 06:38 AM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 27742
Loc: Toronto
Good! It's the exact reason the tax was implemented. It's a problem right now driving up prices to rediculous levels so people that actually live here can't afford a home.
_________________________
-Jeff

Top
#8762098 - 08/16/16 07:13 AM Re: Vancouverís real estate tax sparks backlash from [Re: JEFFOS]
Choco 'Nuck Offline
Proud Member of BLM
Post Master Supreme


Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
So you are saying we should violate all the treaties that we have with other countries regarding equal treatment of investors? Treaties like NAFTA, and then put tax payers on the hook for settlement so that people in Vancouver can buy a cheaper house. Yeah, fuck that. If you can't afford Vancouver, move.

http://www.straight.com/news/746041/trad...-violates-nafta




Top
#8762112 - 08/16/16 07:46 AM Re: Vancouverís real estate tax sparks backlash from [Re: Choco 'Nuck]
Screamin DC2R Offline
Honda CEO's personal fluffer
Post Master Supreme


Registered: 02/20/01
Posts: 39100
Loc: T.O. - Canaduh
cry me a riveeeeeerrrr
_________________________

"Ban low performance drivers, not high performance cars"

Top
#8762187 - 08/16/16 09:24 AM Re: Vancouverís real estate tax sparks backlash from [Re: Screamin DC2R]
hyper-s2k Offline
Post Master Supreme


Registered: 12/01/05
Posts: 14320
Loc: T dot O dot, Canada
Not surprised. When someone has a way for a get rich quick scheme; the gov't will find a way to take their cut.

China will bitch but will still pay - Canada is a safe(r) haven to store their money than back home. They'll just eat this up as overhead / cost of doing business.
_________________________
'13 x1 - 07-27-16 - present - 46,xxx km - wtf?
'10 x3 - 03-19-10 - present - 110,xxx km - wife-mobile
'03 s2k - 08-27-03 - present - 77,xxx km - a2a car
'08 535i - 10-28-13 - 07-27-16 - 149,421 km - cashed out!
'08 impreza 2.5i - 01-xx-08 - 10-24-13 - 64,147 - smh
'01 rav4 - 08-21-01 - 01-04-10 - 155,879 km - RIP old friend

"Driving in the snow is like sex. If you want to avoid accidents, abstinence is the best policy. If you're gonna take her for a spin, use protection." - Rick Mercer

Top
#8762233 - 08/16/16 09:48 AM Re: Vancouverís real estate tax sparks backlash from [Re: hyper-s2k]
TheRealCSnapper Moderator Offline
Post Master Supreme


Registered: 12/05/02
Posts: 31711
Loc: Toronto, Canada
sucks for the foreign nationals that are trying to settle here without an excessive amount of money
Top
#8762242 - 08/16/16 09:51 AM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
Just A Troll Offline
Curved Street Thug Life
Post Master


Registered: 09/24/09
Posts: 2159
 Originally Posted By: Risky Business
Aren't Chinese super stuck up when it comes to this shit?

Like they will scoff at you if you go to Toronto from Van because you can't afford it, so you are therefore a peasant bottom feeding dirt peep?

It's like Chinese here, if you can't buy in Markham and go to Scarborough you are basically cut off


Right

So all those million dollar homes in the GTA being scooped up by Chinese are bottom feeding peasants.

They really don't give a shit about Vancouver vs. Toronto. So long as their investment is protected from the government, that they can launder their ill gotten gains and their investment is gaining value, they really don't care if its Toronto or Vancouver.

The only reason they favored Vancouver in the past had everything to do with Vancouver home prices increasing at a greater pace than anywhere else in North America. They'll just repeat the same scheme elsewhere. Next logical target: Toronto.

In fact, they're already starting! Bro in Law from Gaungzhou wants to move 3 mil out of China and he's been asking about this 15% tax in Vancouver. He's now asking us to start looking around for a $2 Mil property in the GTA. I'm getting a bit excited about it! He has no plans to move to Canada, just park his money here. Hopefully we can "house sit" this 2 mil place.
_________________________
I don't need to use this space to show off my car or my camera gear.

Top
#8762268 - 08/16/16 10:10 AM Re: Vancouverís real estate tax sparks backlash from [Re: Choco 'Nuck]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 27742
Loc: Toronto
 Originally Posted By: Chocolate Canuck
So you are saying we should violate all the treaties that we have with other countries regarding equal treatment of investors? Treaties like NAFTA, and then put tax payers on the hook for settlement so that people in Vancouver can buy a cheaper house. Yeah, fuck that. If you can't afford Vancouver, move.

http://www.straight.com/news/746041/trad...-violates-nafta





Yes. Also I can afford Vancouver but I know that 90% can't. I'm more concerned with the rest of Canada.
_________________________
-Jeff

Top
#8762271 - 08/16/16 10:13 AM Re: Vancouverís real estate tax sparks backlash from [Re: JEFFOS]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 27742
Loc: Toronto
FYI I'm in open houses every weekend and it's all Chinese (mostly investors a lot of agents not even with clients). If you're just a regular person buying a house for your family to live I don't care what you are. When you're an outside investor driving up these rediculous prices and "game" that's going on I do have a problem. Having said that I get why is happening and I don't blame those doing it but measures have to be taken to curb what's happening to the destruction of affordability in Canada as a whole.

I'm not even exaggerating at all 98% of everyone there is speaking Chinese. A little more than a coincidence.

Like I said I'm all for anyone buying and living if you're actually living here and contributing and being part of society.
_________________________
-Jeff

Top
#8762276 - 08/16/16 10:18 AM Re: Vancouverís real estate tax sparks backlash from [Re: TheRealCSnapper]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 27742
Loc: Toronto
 Originally Posted By: TheRealCSnapper
sucks for the foreign nationals that are trying to settle here without an excessive amount of money



It really is unfortunate - but what is happening here is even making it more unaffordable to them vs the tax. 10-20-30% annual increases in average selling price per year is much worse than a 1 time 15% tax.
_________________________
-Jeff

Top
#8762277 - 08/16/16 10:19 AM Re: Vancouverís real estate tax sparks backlash from [Re: hyper-s2k]
xza8 Offline
Member


Registered: 12/18/09
Posts: 963
According to my agents, it is already driving up Toronto housing
Top
#8762313 - 08/16/16 10:45 AM Re: Vancouverís real estate tax sparks backlash from [Re: Just A Troll]
Risky Business Offline
Post Master Supreme


Registered: 05/17/10
Posts: 29820
Loc: Toro-nuh
 Originally Posted By: Just A Troll
 Originally Posted By: Risky Business
Aren't Chinese super stuck up when it comes to this shit?

Like they will scoff at you if you go to Toronto from Van because you can't afford it, so you are therefore a peasant bottom feeding dirt peep?

It's like Chinese here, if you can't buy in Markham and go to Scarborough you are basically cut off


Right

So all those million dollar homes in the GTA being scooped up by Chinese are bottom feeding peasants.

They really don't give a shit about Vancouver vs. Toronto. So long as their investment is protected from the government, that they can launder their ill gotten gains and their investment is gaining value, they really don't care if its Toronto or Vancouver.

The only reason they favored Vancouver in the past had everything to do with Vancouver home prices increasing at a greater pace than anywhere else in North America. They'll just repeat the same scheme elsewhere. Next logical target: Toronto.

In fact, they're already starting! Bro in Law from Gaungzhou wants to move 3 mil out of China and he's been asking about this 15% tax in Vancouver. He's now asking us to start looking around for a $2 Mil property in the GTA. I'm getting a bit excited about it! He has no plans to move to Canada, just park his money here. Hopefully we can "house sit" this 2 mil place.


so cool man, humblebrag some more!!!

Top
#8762321 - 08/16/16 10:49 AM Re: Vancouverís real estate tax sparks backlash from [Re: JEFFOS]
Risky Business Offline
Post Master Supreme


Registered: 05/17/10
Posts: 29820
Loc: Toro-nuh
 Originally Posted By: JEFFOS
FYI I'm in open houses every weekend and it's all Chinese (mostly investors a lot of agents not even with clients). If you're just a regular person buying a house for your family to live I don't care what you are. When you're an outside investor driving up these rediculous prices and "game" that's going on I do have a problem. Having said that I get why is happening and I don't blame those doing it but measures have to be taken to curb what's happening to the destruction of affordability in Canada as a whole.

I'm not even exaggerating at all 98% of everyone there is speaking Chinese. A little more than a coincidence.

Like I said I'm all for anyone buying and living if you're actually living here and contributing and being part of society.


Is it even worth buying at this point? Unless you find some private sale deal I don't know

Top
#8762330 - 08/16/16 10:52 AM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 27742
Loc: Toronto
Probably isn't to be honest but what can you do. Pretty funny these days a high income means you can own a normal decent house. Can't last forever unfortunately.

To be honest at what point do people just say F-it and move somewhere else where at least the weather is good and without all of the excessive taxing? Cali pricing without the weather.
_________________________
-Jeff

Top
#8762346 - 08/16/16 10:58 AM Re: Vancouverís real estate tax sparks backlash from [Re: JEFFOS]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 27742
Loc: Toronto
Can you tell I'm passionate about this? Lol
_________________________
-Jeff

Top
#8762356 - 08/16/16 11:02 AM Re: Vancouverís real estate tax sparks backlash from [Re: JEFFOS]
Risky Business Offline
Post Master Supreme


Registered: 05/17/10
Posts: 29820
Loc: Toro-nuh
Well if you are adamant about home ownership there are always condos, that's probably one not so overpriced option where you can get a 2 story (decently sized unit) for like 7ish in a good location?
Top
#8762359 - 08/16/16 11:03 AM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
Risky Business Offline
Post Master Supreme


Registered: 05/17/10
Posts: 29820
Loc: Toro-nuh
Or do the warehouse conversion thing I talked about before... \:D
Top
#8762375 - 08/16/16 11:16 AM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
Lost^ Online   troll_face
Post Master Supreme


Registered: 03/19/06
Posts: 44141
Loc: Alberta
The Chinese have started to buy in Quebec, will buy a house, leave it vacant and just move to Vancouver.
Top
#8762378 - 08/16/16 11:18 AM Re: Vancouverís real estate tax sparks backlash from [Re: JEFFOS]
TheRealCSnapper Moderator Offline
Post Master Supreme


Registered: 12/05/02
Posts: 31711
Loc: Toronto, Canada
 Originally Posted By: JEFFOS
 Originally Posted By: TheRealCSnapper
sucks for the foreign nationals that are trying to settle here without an excessive amount of money



It really is unfortunate - but what is happening here is even making it more unaffordable to them vs the tax. 10-20-30% annual increases in average selling price per year is much worse than a 1 time 15% tax.


on top of the increases, they're double fucked with the one time tax hit tho!

Top
#8762380 - 08/16/16 11:19 AM Re: Vancouverís real estate tax sparks backlash from [Re: Lost^]
Risky Business Offline
Post Master Supreme


Registered: 05/17/10
Posts: 29820
Loc: Toro-nuh
That makes as much sense as c2k's posts, possibly more.
Top
#8762407 - 08/16/16 11:28 AM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
TheRealCSnapper Moderator Offline
Post Master Supreme


Registered: 12/05/02
Posts: 31711
Loc: Toronto, Canada
 Originally Posted By: Risky Business
That makes as much sense as c2k's posts, possibly more.


it may make sense if they just want to park their money outside of china to hide from the gov't and not concerned with growth.

Top
#8762414 - 08/16/16 11:30 AM Re: Vancouverís real estate tax sparks backlash from [Re: JEFFOS]
TheRealCSnapper Moderator Offline
Post Master Supreme


Registered: 12/05/02
Posts: 31711
Loc: Toronto, Canada
 Originally Posted By: JEFFOS
Probably isn't to be honest but what can you do. Pretty funny these days a high income means you can own a normal decent house. Can't last forever unfortunately.

To be honest at what point do people just say F-it and move somewhere else where at least the weather is good and without all of the excessive taxing? Cali pricing without the weather.


cali pricing without the weather but we got teh jerbz!

given our fairly decent climate (seasons exist, but nothing shitty like earthquakes/tornadoes etc), cultural diversity, job opportunities, political stability etc...i'm surprised that housing is not MORE expensive...

Top
#8762431 - 08/16/16 11:37 AM Re: Vancouverís real estate tax sparks backlash from [Re: TheRealCSnapper]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 27742
Loc: Toronto
Our pay isn't in line with more expensive housing markets.
_________________________
-Jeff

Top
#8762442 - 08/16/16 11:41 AM Re: Vancouverís real estate tax sparks backlash from [Re: TheRealCSnapper]
eddie_82 Offline
Post Master Supreme


Registered: 01/09/03
Posts: 30027
Loc: CaÔŅĹada
 Originally Posted By: TheRealCSnapper
 Originally Posted By: JEFFOS
Probably isn't to be honest but what can you do. Pretty funny these days a high income means you can own a normal decent house. Can't last forever unfortunately.

To be honest at what point do people just say F-it and move somewhere else where at least the weather is good and without all of the excessive taxing? Cali pricing without the weather.


cali pricing without the weather but we got teh jerbz!

given our fairly decent climate (seasons exist, but nothing shitty like earthquakes/tornadoes etc), cultural diversity, job opportunities, political stability etc...i'm surprised that housing is not MORE expensive...


Average sale prices in the GTA are up 3% since you finished typing that post.

Top
#8762449 - 08/16/16 11:44 AM Re: Vancouverís real estate tax sparks backlash from [Re: JEFFOS]
Choco 'Nuck Offline
Proud Member of BLM
Post Master Supreme


Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
Obviously Jeff isn't speaking about himself ;\)
Top
#8762502 - 08/16/16 12:18 PM Re: Vancouverís real estate tax sparks backlash from [Re: eddie_82]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 27742
Loc: Toronto
 Originally Posted By: Not Dank
 Originally Posted By: TheRealCSnapper
 Originally Posted By: JEFFOS
Probably isn't to be honest but what can you do. Pretty funny these days a high income means you can own a normal decent house. Can't last forever unfortunately.

To be honest at what point do people just say F-it and move somewhere else where at least the weather is good and without all of the excessive taxing? Cali pricing without the weather.


cali pricing without the weather but we got teh jerbz!

given our fairly decent climate (seasons exist, but nothing shitty like earthquakes/tornadoes etc), cultural diversity, job opportunities, political stability etc...i'm surprised that housing is not MORE expensive...


Average sale prices in the GTA are up 3% since you finished typing that post.


Wynne just added on a "Cali pricing mention" tax for saying that. Of course this tax has pst, hst and zht on it. (If you don't know what zht is then trust me we can't afford it)
_________________________
-Jeff

Top
#8762515 - 08/16/16 12:23 PM Re: Vancouverís real estate tax sparks backlash from [Re: porschetr]
markw Offline
Post Master Supreme


Registered: 01/31/00
Posts: 13277
Loc: Toronto
 Originally Posted By: porschetr
Now all those Vancouver Chinese buyers will come here instead.


Funny enough, the last three homes sold on my street have been the highest prices for the street... one was 160k over, one was 140k over, and the other 125k over.

Also the first three Chinese buyers on the street..
_________________________
Team Q.W. ftw

Top
#8762527 - 08/16/16 12:29 PM Re: Vancouverís real estate tax sparks backlash from [Re: JEFFOS]
Risky Business Offline
Post Master Supreme


Registered: 05/17/10
Posts: 29820
Loc: Toro-nuh
This just in, Wynne introduced ZHT tax:




Monitoring CSI paid off




Oh, you make 500k a year? Sure you can have a little scarborough war home at a generous 650 sq. ft:





Millions to mark trasgender as a gender? Problem?


Top
#8762529 - 08/16/16 12:31 PM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
Risky Business Offline
Post Master Supreme


Registered: 05/17/10
Posts: 29820
Loc: Toro-nuh
Yes, yes little man, you must choose a gender in grade 1:


Top
#8762532 - 08/16/16 12:33 PM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
markw Offline
Post Master Supreme


Registered: 01/31/00
Posts: 13277
Loc: Toronto
_________________________
Team Q.W. ftw

Top
#8762555 - 08/16/16 12:44 PM Re: Vancouverís real estate tax sparks backlash from [Re: markw]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 27742
Loc: Toronto
Haha
_________________________
-Jeff

Top
#8762603 - 08/16/16 01:06 PM Re: Vancouverís real estate tax sparks backlash from [Re: JEFFOS]
TheRealCSnapper Moderator Offline
Post Master Supreme


Registered: 12/05/02
Posts: 31711
Loc: Toronto, Canada
Jeff, you better buy soon before this spills over to the GTA

Victoria can't be that attractive to the chinks


Top
#8762648 - 08/16/16 01:26 PM Re: Vancouverís real estate tax sparks backlash from [Re: TheRealCSnapper]
Screamin DC2R Offline
Honda CEO's personal fluffer
Post Master Supreme


Registered: 02/20/01
Posts: 39100
Loc: T.O. - Canaduh
LMAO at wynn pics above.

bros $1.75 mil asking sells for $2.55 mil, such prestigious much richmond hill, vas triggered. L E L

(yes this happened, got the flyer last week to show the sale...the amt of those chinese agent flyers i get it becoming annoying as hell. yes i know you sold EVERY house for a bazillion over asking, now fuck off)
_________________________

"Ban low performance drivers, not high performance cars"

Top
Page 1 of 3 123>


Moderator:  c2k, LNXGUY, TheRealCSnapper 
Hop to:
Shout Box

CSi Sponsors

DallasColo
Dallas Colocation
Brake Kits
StopTech.Sale BBK Clearance
Brake Kits
Brake Kits Cheap
EBC Brake Kits
EBC Brakes
BuyBrakes
Brake Kits-Pads & Rotors Sets
Cruchfield
Audio/Video/Cameras
DeadWood Knives
Knives, Home & Hunting
Samys Camera
GoPros, Cameras, Gear
TireRack
Tires/Wheels/Suspension
Truck Accessories
Tonneaus, Running Boards
1-800-Flowers
Flowers & Gift Baskets
WeatherTech
Coupon Code "take10"
Porsche Brakes
Porsche Brake Upgrades
Artisan Soap Lab
Handcrafted Bodycare
Advertisement

| Brake Kits Cheap | EBC Brake Pads & Rotors | Performance Brake Kits | Porsche Brake Upgrades-Big Brake Kits | WeatherTech Mats -Coupon Code weathertech10