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Title: Vancouver Housing super-bubble explained: "long a receptacle for Chinese hot and laundered money"
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URL Source: http://www.freedomsphoenix.com/News ... rage-home-price-plunges-20.htm
Published: Aug 19, 2016
Author: Durden
Post Date: 2016-08-19 23:32:01 by NeoconsNailed
Keywords: None
Views: 602
Comments: 2
Vancouver Housing Market Implodes: Average Home Price Plunges 20% ... Three weeks ago, when we looked at the long-overdue sudden change in the Vancouver housing market, long a receptacle for Chinese hot and laundered money, we found that as a result of the implementation of the 15% property tax implemented by British Columbia (something we recommended over a month earlier), that the Vancouver housing bubble has burst. We concluded this based on anecdotal evidence by local real estate professionals: "As a new dawn breaks in Metro Vancouver's real estate market, realty companies and real estate boards are reporting the first anecdotes of deals falling through as foreign buyers forfeited deposits on binding deals rather than pay the new tax. Worse, if only for the unprecedented local housing bubble, and certainly better for potential local homeowners who were locked out from the massively overpriced market, they report evidence of local buyers withdrawing offers in expectation that the market will soften." Less than a month later, there is also hard evidence to confirm this assessment. According to Global News, evidence from realtors and MLS data is showing the Vancouver real estate market is in the midst of a major slow down, with prices dropping and sales plummeting........... Poster Comment: The borderless NWO wreaks havoc with a classic old Canadian city. Of course this is part of a larger picture -- the crazy wacko high cost of living in Vanco and prolly Victoria.
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#1. To: NeoconsNailed (#0)
I wonder what portion of Vancouver house price is (serviced)land alone? Maybe half? In response to complaints bureaucrats have added to costs with their regulations and inspections.
Good question..... they're bound to be rapacious as hell up there. I have wacko-liberal relatives in Nanaimo, and in this case they're so far left they're almost right. He'll (can we talk) just suddenly start emailing about some new age conference he's bopped into and then go silent again for years. Stayed with my cornsoyvative uncle in NC who reported it was exactly the same as 40 years earlier -- R. just sat there telling him everything that was wrong with his bourgeois lifestyle. _____________________________________________________________ USA! USA! USA! Bringing you democracy, or else! there were strains of VD that were incurable, and they were first found in the Philippines and then transmitted to the Korean working girls via US military. The 'incurables' we were told were first taken back to a military hospital in the Philippines to quietly die. – 4um
#2. To: Tatarewicz (#1)
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