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#8968921 - 03/09/17 09:48 AM Re: Vancouver’s real estate tax sparks backlash from [Re: Risky Business (he/him)]
markw Offline
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Registered: 01/31/00
Posts: 14014
Loc: Not Toronto
 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".

\:\|


If you think they'd be interested in a spot by the new 412.... pass that card over my way asap
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#8969599 - 03/09/17 04:03 PM Re: Vancouver’s real estate tax sparks backlash from [Re: markw]
c2k Moderator Offline
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Registered: 05/21/00
Posts: 19309
Loc: Wiesloch-Walldorf, Germany
I hope this happens!

http://m.metronews.ca/#/article/news/tor...ing-market.html

Although if this does happen, does that mean Markham will become a ghost town again?

\:\|
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#8969624 - 03/09/17 04:38 PM Re: Vancouver’s real estate tax sparks backlash from [Re: c2k]
Risky Business (he/him) Offline
Provides a Great Work Environment.
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Registered: 05/17/10
Posts: 45592
"again"
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#8969898 - 03/10/17 01:29 AM Re: Vancouver’s real estate tax sparks backlash from [Re: Scumbag Type RACIST!]
JEFFOS Offline
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Registered: 01/27/00
Posts: 29176
Loc: Toronto
 Originally Posted By: c2k
I hope this happens!

http://m.metronews.ca/#/article/news/tor...ing-market.html

Although if this does happen, does that mean Markham will become a ghost town again?

\:\|


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
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#8970043 - 03/10/17 09:41 AM Re: Vancouver’s real estate tax sparks backlash from [Re: JEFFOS]
c2k Moderator Offline
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Registered: 05/21/00
Posts: 19309
Loc: Wiesloch-Walldorf, Germany
Liberals are just trying to "buy" votes from the millennials bc of the upcoming election next june. Meh, still won't vote for them - ever.
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#8970242 - 03/10/17 12:56 PM Re: Vancouver’s real estate tax sparks backlash from [Re: Scumbag Type RACIST!]
OracerO Offline
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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".
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#8970244 - 03/10/17 01:00 PM Re: Vancouver’s real estate tax sparks backlash from [Re: Just A Troll]
OracerO Offline
Post Master Sr


Registered: 10/07/02
Posts: 3949
Loc: GTA
 Originally Posted By: Just A Troll
 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.


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.
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#8970258 - 03/10/17 01:14 PM Re: Vancouver’s real estate tax sparks backlash from [Re: OracerO]
87ZCSi Offline
Post Master Sr


Registered: 09/06/00
Posts: 7228
Loc: Portland and Toronto
Just read most of this thread below real quick.

Pure comedy and depression in one. The best part is reading posts by people who are still very much active.
http://forums.clubsi.com/ubbthreads.php/ubb/showflat/Number/7320859/fpart/1
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#8970442 - 03/10/17 03:22 PM Re: Vancouver’s real estate tax sparks backlash from [Re: OracerO]
c2k Moderator Offline
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Registered: 05/21/00
Posts: 19309
Loc: Wiesloch-Walldorf, Germany
 Originally Posted By: OracerO

200k over is to cheap already these days.


TIL 200k over is cheap these days. \:\|
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#8970451 - 03/10/17 03:31 PM Re: Vancouver’s real estate tax sparks backlash from [Re: Scumbag Type RACIST!]
BroKe Online content
Post Master Sr


Registered: 09/15/01
Posts: 3881
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
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#8970477 - 03/10/17 04:08 PM Re: Vancouver’s real estate tax sparks backlash from [Re: BroKe]
Hatorade Offline
pheggit
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Registered: 11/05/99
Posts: 26908
Loc: Toronto, ON
 Originally Posted By: Low_Budget_Honda
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.
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#8973641 - 03/15/17 10:03 AM Re: Vancouver’s real estate tax sparks backlash from [Re: Hatorade]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19309
Loc: Wiesloch-Walldorf, Germany
http://www.huffingtonpost.ca/2017/03/13/toronto-housing-bubble-24-months_n_15335246.html

Bring it.
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#8973838 - 03/15/17 11:37 AM Re: Vancouver’s real estate tax sparks backlash from [Re: c2k]
iamfob Offline
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Registered: 09/06/02
Posts: 24698
Loc: Out There
 Quote:
ON TORONTO'S ROARING HOUSING MARKET:
“The housing market in Toronto is definitely something that’s going to come down, and come down with a bang. Not enough is being done in order to control it. This is just an accident [waiting] to happen.”


https://www.bnn.ca/toronto-housing-will-come-down-with-a-bang-stephen-jarislowsky-1.696204
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#8973849 - 03/15/17 11:45 AM Re: Vancouver’s real estate tax sparks backlash from [Re: c2k]
SuPeR-MaRiO Offline
Post Master Sr


Registered: 06/28/01
Posts: 6218
Loc: Toronto, Ontario
 Originally Posted By: c2k
http://www.huffingtonpost.ca/2017/03/13/toronto-housing-bubble-24-months_n_15335246.html

Bring it.



 Quote:
continued income growth
Really?!?

 Quote:
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.
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