#8762062 - 08/16/16 05:41 AM
Vancouver’s real estate tax sparks backlash from Chinese buy
|
c2k
Post Master Supreme
Registered: 05/21/00
Posts: 19291
Loc: Wiesloch-Walldorf, Germany
|
|
Top
|
|
|
|
#8762078 - 08/16/16 06:15 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: porschetr]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
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: Vancouver’s real estate tax sparks backlash from
[Re: Risky Business]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
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: Vancouver’s real estate tax sparks backlash from
[Re: JEFFOS]
|
Choco 'Nuck
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
|
|
|
|
#8762187 - 08/16/16 09:24 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Screamin Type ARGH!]
|
hyper-s2k
Post Master Supreme
Registered: 12/01/05
Posts: 14556
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.
_________________________
'08 //M3 - now @ 90,xxx km - wtf did i do? '13 x1 - now @ 99,xxx km - a2b car '10 x3 - now @ 123,xxx km - time 2 go? '03 s2k - now @ 80,xxx km - a2a car '08 535i - sold @ 149,421 km - cashed out just in time! '08 impreza 2.5i - sold @ - 64,147 km - smh POS '01 rav4 - killed @ 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
|
|
|
|
#8762242 - 08/16/16 09:51 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Risky Business]
|
Just A Troll
Curved Street Thug Life
Post Master
Registered: 09/24/09
Posts: 2221
|
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: Vancouver’s real estate tax sparks backlash from
[Re: Choco 'Nuck]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
|
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: Vancouver’s real estate tax sparks backlash from
[Re: JEFFOS]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
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: Vancouver’s real estate tax sparks backlash from
[Re: TheRealCSnapper]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
|
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: Vancouver’s real estate tax sparks backlash from
[Re: hyper-s2k]
|
xza8
Sr Member
Registered: 12/18/09
Posts: 1065
|
According to my agents, it is already driving up Toronto housing
|
Top
|
|
|
|
#8762313 - 08/16/16 10:45 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Just A Troll]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
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
|
|
|
|
#8762330 - 08/16/16 10:52 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Risky Business]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
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: Vancouver’s real estate tax sparks backlash from
[Re: JEFFOS]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
|
Can you tell I'm passionate about this? Lol
_________________________
-Jeff
|
Top
|
|
|
|
#8762356 - 08/16/16 11:02 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: JEFFOS]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
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: Vancouver’s real estate tax sparks backlash from
[Re: Risky Business]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
Or do the warehouse conversion thing I talked about before...
|
Top
|
|
|
|
#8762375 - 08/16/16 11:16 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Risky Business]
|
Lost^
Lost^
Unregistered
|
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: Vancouver’s real estate tax sparks backlash from
[Re: JEFFOS]
|
TheRealCSnapper
Post Master Supreme
Registered: 12/05/02
Posts: 31955
Loc: Toronto, Canada
|
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: Vancouver’s real estate tax sparks backlash from
[Re: ]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
That makes as much sense as c2k's posts, possibly more.
|
Top
|
|
|
|
#8762431 - 08/16/16 11:37 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: TheRealCSnapper]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
|
Our pay isn't in line with more expensive housing markets.
_________________________
-Jeff
|
Top
|
|
|
|
#8762442 - 08/16/16 11:41 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: TheRealCSnapper]
|
Senor Eduardo_82
miataist
Post Master Supreme
Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
|
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: Vancouver’s real estate tax sparks backlash from
[Re: JEFFOS]
|
Choco 'Nuck
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: Vancouver’s real estate tax sparks backlash from
[Re: Senor Eduardo_82]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
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. 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: Vancouver’s real estate tax sparks backlash from
[Re: porschetr]
|
markw
Post Master Supreme
Registered: 01/31/00
Posts: 13980
Loc: Not Toronto
|
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: Vancouver’s real estate tax sparks backlash from
[Re: JEFFOS]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
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: Vancouver’s real estate tax sparks backlash from
[Re: Risky Business]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
Yes, yes little man, you must choose a gender in grade 1:
|
Top
|
|
|
|
#8762555 - 08/16/16 12:44 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: markw]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
|
Haha
_________________________
-Jeff
|
Top
|
|
|
|
#8762603 - 08/16/16 01:06 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: JEFFOS]
|
TheRealCSnapper
Post Master Supreme
Registered: 12/05/02
Posts: 31955
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
|
|
|
|
#8762655 - 08/16/16 01:31 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Screamin Type ARGH!]
|
Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
|
too many wynne pictures.... triggered
|
Top
|
|
|
|
#8763778 - 08/17/16 11:32 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Choco 'Nuck]
|
OracerO
Post Master Sr
Registered: 10/07/02
Posts: 3949
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)
|
Top
|
|
|
|
#8763847 - 08/17/16 12:14 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: TheRealCSnapper]
|
OracerO
Post Master Sr
Registered: 10/07/02
Posts: 3949
Loc: GTA
|
They eat everything
|
Top
|
|
|
|
#8766090 - 08/19/16 10:14 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Screamin Type ARGH!]
|
f22b-dohc
Post Master Supreme
Registered: 09/09/05
Posts: 11227
Loc: canadia
|
**shit son**
hk washroon PWNED by mainlander
_________________________
JB weld is your friend Chewbacca makes me yawn *Yawn* "rolling -----on my 2.0, with the rag top down so my hair can blow..."
|
Top
|
|
|
|
#8766319 - 08/19/16 11:43 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: f22b-dohc]
|
Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
|
|
Top
|
|
|
|
#8770414 - 08/23/16 05:25 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: SuPeR-MaRiO]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
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:
|
Top
|
|
|
|
#8770687 - 08/23/16 11:28 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Risky Business]
|
xza8
Sr Member
Registered: 12/18/09
Posts: 1065
|
The recession is coming... got an offer today on one of my houses for 500K below asking.
|
Top
|
|
|
|
#8770775 - 08/24/16 07:35 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Euphoricuck]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
"plenty of reporting"
cites zero evidence, le l
|
Top
|
|
|
|
#8770824 - 08/24/16 08:30 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Risky Business]
|
TheRealCSnapper
Post Master Supreme
Registered: 12/05/02
Posts: 31955
Loc: Toronto, Canada
|
|
Top
|
|
|
|
#8966734 - 03/07/17 02:37 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: TheRealCSnapper]
|
fatso
Post Master
Registered: 12/12/06
Posts: 2323
Loc: Ontario
|
No surprises here... curious to see when the market will get crazier.
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.
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
|
Top
|
|
|
|
#8966896 - 03/07/17 04:26 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: fatso]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
|
This is fantastic
_________________________
-Jeff
|
Top
|
|
|
|
#8967247 - 03/07/17 09:56 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: 87ZCSi]
|
xza8
Sr Member
Registered: 12/18/09
Posts: 1065
|
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)
|
Top
|
|
|
|
#8967271 - 03/07/17 10:20 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: xza8]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
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".
|
Top
|
|
|
|
#8967588 - 03/08/17 10:10 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Risky Business]
|
xza8
Sr Member
Registered: 12/18/09
Posts: 1065
|
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.
|
Top
|
|
|
|
#8967802 - 03/08/17 12:18 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: xza8]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
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
|
Top
|
|
|
|
#8967886 - 03/08/17 01:01 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Choco 'Nuck]
|
iamfob
Post Master Supreme
Registered: 09/06/02
Posts: 24697
Loc: Out There
|
|
Top
|
|
|
|
#8968004 - 03/08/17 02:02 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Risky Business]
|
Just A Troll
Curved Street Thug Life
Post Master
Registered: 09/24/09
Posts: 2221
|
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.
_________________________
I don't need to use this space to show off my car or my camera gear.
|
Top
|
|
|
|
#8969624 - 03/09/17 04:38 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: c2k]
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
"again"
|
Top
|
|
|
|
#8969898 - 03/10/17 01:29 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Screamin Type ARGH!]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
|
We might, we might, we may.
Man our government is terrible and slow. Also no shit the real estate association doesn't want the tax lol
_________________________
-Jeff
|
Top
|
|
|
|
#8970242 - 03/10/17 12:56 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Screamin Type ARGH!]
|
OracerO
Post Master Sr
Registered: 10/07/02
Posts: 3949
Loc: GTA
|
The Chinese here in Canada aren't even in the top top 7% of wealth.
They are more like the bottom 10% of wealth.
But think about it, 1.3billion people and 10% are "rich".
|
Top
|
|
|
|
#8970244 - 03/10/17 01:00 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Just A Troll]
|
OracerO
Post Master Sr
Registered: 10/07/02
Posts: 3949
Loc: GTA
|
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.
200k over is to cheap already these days.
With supply being super limited. I would still list it on the open market. Doesnt hurt to try and if you don't get what youre asking for, you don't have to sell.
|
Top
|
|
|
|
#8970451 - 03/10/17 03:31 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Screamin Type ARGH!]
|
BroKe
Post Master Sr
Registered: 09/15/01
Posts: 3833
Loc: Markham, Ontario
|
I'm all for the tax. Intact. Increase it. They gonna pay anyways, might as well gouge back.
Did anyone see the article in cp24 saying the reason Chinese are buy all the property is for schooling. I call bullshit
|
Top
|
|
|
|
#8970477 - 03/10/17 04:08 PM
Re: Vancouver’s real estate tax sparks backlash from
[Re: BroKe]
|
Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
|
I'm all for the tax. Intact. Increase it. They gonna pay anyways, might as well gouge back.
Did anyone see the article in cp24 saying the reason Chinese are buy all the property is for schooling. I call bullshit
Ugh that's actually somewhat true. But what do I know, it's not like I have family friends that have done this.
_________________________
'07 997.1 GT3 '08 E90 M3 '11 E90 d '02 Rota Grid - 195-55-16FR (RIP) '04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi) 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
|
Top
|
|
|
|
#8973641 - 03/15/17 10:03 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: Hatorade]
|
c2k
Post Master Supreme
Registered: 05/21/00
Posts: 19291
Loc: Wiesloch-Walldorf, Germany
|
|
Top
|
|
|
|
#8973849 - 03/15/17 11:45 AM
Re: Vancouver’s real estate tax sparks backlash from
[Re: c2k]
|
SuPeR-MaRiO
Post Master Sr
Registered: 06/28/01
Posts: 6117
Loc: Toronto, Ontario
|
http://www.huffingtonpost.ca/2017/03/13/toronto-housing-bubble-24-months_n_15335246.html
Bring it.
Really?!?
the rate of home construction in the Toronto area is “well above historical norms.” Really?!? Toronto is setting records for the building of new homes? I can only see this as being true if they're including teardowns and rebuilds, which wouldn't make sense.
|
Top
|
|
|
|
Moderator: c2k, LNXGUY, TheRealCSnapper, Professor Paki
|
|