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#8762655 - 08/16/16 01:31 PM Re: Vancouverís real estate tax sparks backlash from [Re: Screamin DC2R]
Choco 'Nuck Offline
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Registered: 07/10/01
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too many wynne pictures....
triggered

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#8763778 - 08/17/16 11:32 AM Re: Vancouverís real estate tax sparks backlash from [Re: Choco 'Nuck]
OracerO Offline
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Registered: 10/07/02
Posts: 3799
Loc: GTA
What's crazy is that these chinese investors aren't even considered "wealthy" in china. They're all "middle class rich".

These rich mainlanders don't care about the tax. They are only concerned with taking their money out of China and storing it. The appreciation in real estate is just a bonus.

Unless a recession hits Canada (recession come every 10 years, its been 8 years now since 2008), the money will keep coming.

In China, it's like a dog eat dog world. Man they are not civilized like Canadians, theyre just down right grimy and willing to do whatever it takes to survive. I think this is why the Mainlanders are taking the world by storm. They just don't give a f.


Edited by OracerO (08/17/16 11:39 AM)

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#8763836 - 08/17/16 12:07 PM Re: Vancouverís real estate tax sparks backlash from [Re: OracerO]
TheRealCSnapper Moderator Offline
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Registered: 12/05/02
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Loc: Toronto, Canada
in china, humans eat dog doe.
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#8763847 - 08/17/16 12:14 PM Re: Vancouverís real estate tax sparks backlash from [Re: TheRealCSnapper]
OracerO Offline
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Registered: 10/07/02
Posts: 3799
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They eat everything
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#8763857 - 08/17/16 12:20 PM Re: Vancouverís real estate tax sparks backlash from [Re: OracerO]
Screamin DC2R Offline
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Registered: 02/20/01
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then they shit it out on airplane seats, shopping mall garbage cans or out on the street curbs.
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#8763872 - 08/17/16 12:27 PM Re: Vancouverís real estate tax sparks backlash from [Re: Screamin DC2R]
Hatorade Online   crying
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And sleep in IKEA.
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I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr

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#8763908 - 08/17/16 12:53 PM Re: Vancouverís real estate tax sparks backlash from [Re: Hatorade]
Screamin DC2R Offline
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Registered: 02/20/01
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 Originally Posted By: Hatorade
And sleep in IKEA.


Yiiiisssss
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#8763935 - 08/17/16 01:05 PM Re: Vancouverís real estate tax sparks backlash from [Re: Screamin DC2R]
Choco 'Nuck Offline
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On airplane seats? Backstory?
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#8763975 - 08/17/16 01:22 PM Re: Vancouverís real estate tax sparks backlash from [Re: Choco 'Nuck]
Screamin DC2R Offline
Honda CEO's personal fluffer
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Registered: 02/20/01
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Loc: T.O. - Canaduh
 Originally Posted By: Chocolate Canuck
On airplane seats? Backstory?


http://www.dailymail.co.uk/news/article-...ECATE-seat.html

http://hongkong.coconuts.co/2015/03/03/n...ids-poop-toilet

http://shanghaiist.com/2015/08/17/parents-let-child-defecate-cabin-guangzhou-bound-plane.php

and that's just what's been reported. i wouldn't want to know what's happened on tons of domestic china airlines flights lol.

more recently though is the shit behaviour of mainlander adults on planes and even at gate terminals apparently. lady throwing coffee into flight attendants face, another slapping one, then fights amongst passengers more than a few times (even a co-pilot coming to get involved or something in one story). Then you have passengers bitching at and almost assaulting gate staff because the customer themselves was LATE for their own fucking flight.


Edited by Screamin DC2R (08/17/16 01:58 PM)
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#8766090 - 08/19/16 10:14 AM Re: Vancouverís real estate tax sparks backlash from [Re: Screamin DC2R]
f22b-dohc Offline
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Registered: 09/09/05
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**shit son**

hk washroon PWNED by mainlander
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#8766139 - 08/19/16 10:41 AM Re: Vancouverís real estate tax sparks backlash from [Re: f22b-dohc]
c2k Moderator Offline
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Registered: 05/21/00
Posts: 17984
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: f22b-dohc
**shit son**

hk washroon PWNED by mainlander


*shudders*

that brings back horrid flashback from working at a shop that's dominated with Vietnamese workers who often skydump on the toilet.
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#8766319 - 08/19/16 11:43 AM Re: Vancouverís real estate tax sparks backlash from [Re: f22b-dohc]
Choco 'Nuck Offline
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Registered: 07/10/01
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 Originally Posted By: f22b-dohc
**shit son**

hk washroon PWNED by mainlander



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#8769256 - 08/22/16 04:38 PM Re: Vancouverís real estate tax sparks backlash from [Re: Choco 'Nuck]
titty sprinkles Offline
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Registered: 08/22/05
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#8770372 - 08/23/16 04:43 PM Re: Vancouverís real estate tax sparks backlash from [Re: OracerO]
SuPeR-MaRiO Offline
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Registered: 06/28/01
Posts: 4662
Loc: Toronto, Ontario
 Originally Posted By: OracerO
recession come every 10 years, its been 8 years now since 2008

The only problem with this statement is that there was no true recession in 2008, at least not in Canada.

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#8770379 - 08/23/16 04:52 PM Re: Vancouverís real estate tax sparks backlash from [Re: SuPeR-MaRiO]
Euphoricuck Offline
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Registered: 11/05/03
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We've already been in one
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#8770400 - 08/23/16 05:07 PM Re: Vancouverís real estate tax sparks backlash from [Re: Euphoricuck]
SuPeR-MaRiO Offline
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Registered: 06/28/01
Posts: 4662
Loc: Toronto, Ontario
How do you define/identify the recession and when did it begin? This is a thread re: real estate and unless I've been living in a cave, I don't see any recession impacting our real estate market such as the one in the U.S.
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#8770414 - 08/23/16 05:25 PM Re: Vancouverís real estate tax sparks backlash from [Re: SuPeR-MaRiO]
Risky Business Offline
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Registered: 05/17/10
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Euphoric is all about that doom and gloom, i believe we were all supposed to be homeless by now, we are always in depression as far as he is concerned.

Let's all wait for the good old days:


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#8770687 - 08/23/16 11:28 PM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
xza8 Offline
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Registered: 12/18/09
Posts: 1056
The recession is coming... got an offer today on one of my houses for 500K below asking.
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#8770774 - 08/24/16 07:35 AM Re: Vancouverís real estate tax sparks backlash from [Re: SuPeR-MaRiO]
Euphoricuck Offline
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Registered: 11/05/03
Posts: 92703
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We were in one. The Govt refused to call it one. There was plenty of reporting in the news on it. This was near the end of harper.
And no it didn't do anything to real estate at the time.
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#8770775 - 08/24/16 07:35 AM Re: Vancouverís real estate tax sparks backlash from [Re: Euphoricuck]
Risky Business Offline
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Registered: 05/17/10
Posts: 32526
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"plenty of reporting"

cites zero evidence, le l

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#8770824 - 08/24/16 08:30 AM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
TheRealCSnapper Moderator Offline
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Registered: 12/05/02
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http://www.ctvnews.ca/business/technical-recession-in-canada-despite-strong-june-statscan-1.2542274

it was around this time last year that we were in a "technical recession"

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#8966734 - 03/07/17 02:37 PM Re: Vancouverís real estate tax sparks backlash from [Re: TheRealCSnapper]
fatso Offline
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Registered: 12/12/06
Posts: 2319
Loc: Ontario
No surprises here... curious to see when the market will get crazier.


 Quote:
The report, released Tuesday by Sotheby's International Realty Canada in conjunction with Juwai.com, said Chinese inquiries for listings in the Vancouver market slumped by 81 per cent year over year in July 2016, the month the 15 per cent tax was announced.


 Quote:
The report says interest from prospective real estate purchasers on Juwai.com immediately shifted into other Canadian markets following the tax's implementation.

Property inquiries shot up by 1,050 per cent and 420 per cent year over year in Calgary during August and September, respectively. Searches of the Toronto market rose 62 per cent year over year in August and 72 per cent in September. In Montreal, there was a dip in August, before a resurgence of 152 per cent year over year in September.


Link:
http://www.cbc.ca/news/business/juwai-sotheby-china-canada-searches-1.4013285

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#8966896 - 03/07/17 04:26 PM Re: Vancouverís real estate tax sparks backlash from [Re: fatso]
JEFFOS Offline
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Registered: 01/27/00
Posts: 28070
Loc: Toronto
This is fantastic
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#8966935 - 03/07/17 05:25 PM Re: Vancouverís real estate tax sparks backlash from [Re: JEFFOS]
87ZCSi Offline
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Registered: 09/06/00
Posts: 6015
Loc: Portland and Toronto
It's funny to hear people here in Oregon complaining about real estate prices with all the Californians moving up and Seattle people moving down since it's the cheapest city on the West.

Sure, it's gone through the roof! Now married 20-somethings get a detached bungalow in a good area rather than 2 story house for their $3xx.

Toronto is stupid. Jeff what's your latest update?
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#8967247 - 03/07/17 09:56 PM Re: Vancouverís real estate tax sparks backlash from [Re: 87ZCSi]
xza8 Offline
Sr Member


Registered: 12/18/09
Posts: 1056
Jeff, I hope you got over your emotions and just picked something up as the prices probably went up by 500K? since you started looking (except Oakville... seems like this stuck up city (nice "downtown" though) has been the slowest in the GTA to appreciate)?

I recently saw on the news that a teardown bungalow at Danforth/Pape sold for 1M?!?! Fuck! I sold my fully renno'd 2 storey detached (3 beds 2 baths upstairs, 1 ensuite in basement) for only 1.1M almost a year ago (paid 780... was content with 100K profit at the time).

And before we bash the foreign Chinese buyers for causing this real estate "bubble"... I highly doubt its the Chinese that wants a teardown bungalow in East York/Danforth Village. I've sold 2 homes in the area and they were both to young white people, domestic buyers.


Edited by xza8 (03/07/17 10:03 PM)

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#8967258 - 03/07/17 10:06 PM Re: Vancouverís real estate tax sparks backlash from [Re: 87ZCSi]
xza8 Offline
Sr Member


Registered: 12/18/09
Posts: 1056
 Originally Posted By: 87ZCSi
It's funny to hear people here in Oregon complaining about real estate prices with all the Californians moving up and Seattle people moving down since it's the cheapest city on the West.

Sure, it's gone through the roof! Now married 20-somethings get a detached bungalow in a good area rather than 2 story house for their $3xx.

Toronto is stupid. Jeff what's your latest update?


It's also funny that my neighbours are complaining that people are destroying the neighbourhood by cutting down mature trees and building McMansions but they are silent that their 50 year old tear down bungalow in suburb MARKHAM on a 60 x 110 lot is worth $2.2 million.

My buddy (domestic buyer, raised in Ottawa) recently bought this


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#8967271 - 03/07/17 10:20 PM Re: Vancouverís real estate tax sparks backlash from [Re: xza8]
Risky Business Offline
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Registered: 05/17/10
Posts: 32526
Loc: Toro-nuh
Some shady shit going on my hood now, some foreign family is buying up homes exclusively (private) for 200-300k over bidding war prices as long as you sell private on specific streets - i happen to be on one of them.

Let's say a bungalow will go for 1.3 through the normal process, they will give you 1.5 if you sell direct without listing with some INSANE deposits. I have the agent's card on my table (thanks to an anon CSIer) and i am looking at it every hour, they've already picked up a few homes in the last month all well over a mil for their "family members".

\:\|

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#8967588 - 03/08/17 10:10 AM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
xza8 Offline
Sr Member


Registered: 12/18/09
Posts: 1056
 Originally Posted By: Risky Business
Some shady shit going on my hood now, some foreign family is buying up homes exclusively (private) for 200-300k over bidding war prices as long as you sell private on specific streets - i happen to be on one of them.

Let's say a bungalow will go for 1.3 through the normal process, they will give you 1.5 if you sell direct without listing with some INSANE deposits. I have the agent's card on my table (thanks to an anon CSIer) and i am looking at it every hour, they've already picked up a few homes in the last month all well over a mil for their "family members".

\:\|


They are trying to control supply. They don't want to go through MLS because that would be very public (details for private sales can still be found through the Land Registry but if not advertised, how would one know what's been sold?).

In a few years, they will sell their custom homes for a very high price and since they own several properties, they can "collude" (not sure if I'm using the right term) and not give in to lowballs.

A good example is the Angus Glen - West Village neighbourhood. The owners are generally well off and don't need to sell but will sell for a good price. Everyone slaps on a retarded list price, no major discounts, and eventually they get the price.

My 50' lot, 2 car garage was asking for $3M and I sold it for $2.8M after 7 months on the market (no breaks and showings every weekend). Got a few lowballs of $2.5M but if I was desperate and accepted the lowball offer, it would fuck up the comparables for everyone in the area.

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#8967802 - 03/08/17 12:18 PM Re: Vancouverís real estate tax sparks backlash from [Re: xza8]
Risky Business Offline
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Registered: 05/17/10
Posts: 32526
Loc: Toro-nuh
Your theory sounds pretty far fetched, but I honestly wouldn't be surprised if it's exactly what they are thinking.

They also aren't Chinese \:o

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#8967821 - 03/08/17 12:29 PM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
Screamin DC2R Offline
Honda CEO's personal fluffer
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Registered: 02/20/01
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Loc: T.O. - Canaduh
yeezusss
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#8967886 - 03/08/17 01:01 PM Re: Vancouverís real estate tax sparks backlash from [Re: Choco 'Nuck]
iamfob Offline
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Registered: 09/06/02
Posts: 24607
Loc: Out There
 Originally Posted By: Choco 'Nuck
 Originally Posted By: f22b-dohc
**shit son**

hk washroon PWNED by mainlander







*DEADED*
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FTMFW!!!

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#8968004 - 03/08/17 02:02 PM 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: 2221
 Originally Posted By: Risky Business
Some shady shit going on my hood now, some foreign family is buying up homes exclusively (private) for 200-300k over bidding war prices as long as you sell private on specific streets - i happen to be on one of them.

Let's say a bungalow will go for 1.3 through the normal process, they will give you 1.5 if you sell direct without listing with some INSANE deposits. I have the agent's card on my table (thanks to an anon CSIer) and i am looking at it every hour, they've already picked up a few homes in the last month all well over a mil for their "family members".

\:\|


Sounds like gentrification.
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#8968298 - 03/08/17 04:25 PM Re: Vancouverís real estate tax sparks backlash from [Re: Just A Troll]
Screamin DC2R Offline
Honda CEO's personal fluffer
Post Master Supreme


Registered: 02/20/01
Posts: 39440
Loc: T.O. - Canaduh
http://www.msn.com/en-ca/money/homeandpr...21yD?li=AAggNb9

ffffuuuuuuuuuuuuuuuuuu
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#8968805 - 03/09/17 08:09 AM Re: Vancouverís real estate tax sparks backlash from [Re: Screamin DC2R]
TheRealCSnapper Moderator Offline
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Registered: 12/05/02
Posts: 31795
Loc: Toronto, Canada
 Originally Posted By: Screamin DC2R
http://www.msn.com/en-ca/money/homeandproperty/big-homes-little-prices-you-can-buy-a-lot-for-a-little/ar-AAo21yD?li=AAggNb9

ffffuuuuuuuuuuuuuuuuuu


man, look at all these reasonably priced gigantic homes in all these diverse metropolitans! god damn Toronto Liberal! #Horseface #JustineTrudeau #MAGA

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#8968916 - 03/09/17 09:43 AM Re: Vancouverís real estate tax sparks backlash from [Re: Risky Business]
A2B-Lexus Offline
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Registered: 04/19/01
Posts: 45092
Loc: Canuckistan
 Originally Posted By: Risky Business
Your theory sounds pretty far fetched, but I honestly wouldn't be surprised if it's exactly what they are thinking.

They also aren't Chinese \:o


moniessssss laundering!

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