Canadian Politics Thread

[Ricky Ravioli]

37 minutes ago, RupertKBD said:

 

Good to know. What about the Brussels Sprouts?

Unless they are slathered in a ungodly amount of processed cheese, I don't like them either. Look at us finding common ground on the important issues

[RupertKBD]

Just now, Ricky Ravioli said:

Unless they are slathered in a ungodly amount of processed cheese, I don't like them either. Look at us finding common ground on the important issues

 

There isn't enough cheese in Wisconsin, Ricky....

[Elias Pettersson]

16 minutes ago, bishopshodan said:

 

I dont know if there is a real way to know just how much...but 100% ?

Do you have any source that states even close to that?

 

I remember listening to a real estate expert and he didn't think it had the massive impact that many did. I know you call youself and expert so you must be able to show something?

 

For me, even 5% is too fricking much. 

 

5% is peanuts.  That's like $50k on a $1 million property.  Because of money laundering, Asian buyers were able to buy properties with cash, flip them later and buy more properties with cash.  They were buying presale condos like it was an auction.  Some were buying entire floors of high rises.  You gotta be kidding me if someone actually thinks the impact to prices was only 5%...

[Elias Pettersson]

10 minutes ago, Ricky Ravioli said:

Unless they are slathered in a ungodly amount of processed cheese, I don't like them either. Look at us finding common ground on the important issues

 

I can feel the love between you and Rupert, I got that warm and fuzzy feeling inside just thinking about it...

 

Maybe there is still hope with me and him...   

[bishopshodan]

27 minutes ago, Elias Pettersson said:

 

5% is peanuts.  That's like $50k on a $1 million property.  Because of money laundering, Asian buyers were able to buy properties with cash, flip them later and buy more properties with cash.  They were buying presale condos like it was an auction.  Some were buying entire floors of high rises.  You gotta be kidding me if someone actually thinks the impact to prices was only 5%...

 

I'm not saying I dont believe that it is higher....but you got any report for a fella to read? There are tons of articles, but the highest i have seen puts it at 7.5%, so i figured I'd ask your expertness for some source material. 

 

Do you remember the stink about Vancouver House? Apparently it was listed in China before Vancouver, or something like that.

 

BTW, $50k is expensive peanuts, You'd think they might throw in a cashew or something.

I could buy a '68 Firebird for that. 

[The Arrogant Worms]

Alberta threatens new legal action over Ottawa's revised environmental assessment act

EDMONTON — Alberta Premier Danielle Smith is threatening another legal challenge against Ottawa's environmental assessment law, a move federal Environment Minister Steven Guilbeault is dismissing as a political stunt.

 

https://www.timescolonist.com/national-news/alberta-threatens-new-legal-action-over-ottawas-revised-environmental-assessment-act-9616620

[Warhippy]

3 hours ago, Elias Pettersson said:

 

CTV literally admitted they are fake news, they aren't even hiding it anymore.  They had to fire several employees because of their admission...

NO, they admitted that two or three individuals fudged things and immediately fired them

 

VERY different than the nonsense you find on twitter because they actually held themselves accountable for the actions of their own employees

[aGENT]

7 hours ago, Warhippy said:

Go all the way back to 2002, it's insane how much was blown through real estate and casinos before the 2018 German report exposed all of them.

 

Amazingly, there's more than a significant few from that same Liberal party now under the Conservative brand

BC Voters:

 

"Lets elect those guys!!" 

 

 

9 minutes ago, Warhippy said:

NO, they admitted that two or three individuals fudged things and immediately fired them

 

VERY different than the nonsense you find on twitter because they actually held themselves accountable for the actions of their own employees

 

They're also, centre-right leaning... so I'm not sure why the righties are celebrating...?

[Elias Pettersson]

1 hour ago, bishopshodan said:

 

I'm not saying I dont believe that it is higher....but you got any report for a fella to read? There are tons of articles, but the highest i have seen puts it at 7.5%, so i figured I'd ask your expertness for some source material. 

 

Do you remember the stink about Vancouver House? Apparently it was listed in China before Vancouver, or something like that.

 

BTW, $50k is expensive peanuts, You'd think they might throw in a cashew or something.

I could buy a '68 Firebird for that. 

I don’t have an actual report no. But there is no way it was only 5%. Vancouver House was sold entirely in China at presale. That building alone inflated downtown prices by at least 20%. They were pumping those out at $2000 per foot when the market was only at maybe $1500. 

[aGENT]

26 minutes ago, Elias Pettersson said:

I don’t have an actual report no. But there is no way it was only 5%. Vancouver House was sold entirely in China at presale. That building alone inflated downtown prices by at least 20%. They were pumping those out at $2000 per foot when the market was only at maybe $1500. 

 

Your VERY anecdotal example is still "only" 33%, not 100%.

 

 

[6of1_halfdozenofother]

15 minutes ago, aGENT said:

 

Your VERY anecdotal example is still "only" 33%, not 100%.

 

 

 

Maybe he lost track of his calculation somewhere (forgot to carry the 1 perhaps?) in those three pages of math question answer.  

[4petesake]

1 hour ago, Warhippy said:

NO, they admitted that two or three individuals fudged things and immediately fired them

 

VERY different than the nonsense you find on twitter because they actually held themselves accountable for the actions of their own employees

 

So a news organization that sets standards, holds its employees accountable and owns up to it when those standards are not met? Sort of refreshing in this day and age, no? One might even say kinda the exact opposite of fake news.

[Elias Pettersson]

45 minutes ago, aGENT said:

 

Your VERY anecdotal example is still "only" 33%, not 100%.

 

 

That is only one example I can think of off the top of my head. 
 

But please tell me how anyone can tell you it was only 5%?  $50k on a $1 million condo?  Seriously?  There are condos in the exact same building that sell at the exact same time that have a bigger variance than that. 
 

But I could understand how people who don’t have a clue how real estate prices work could fall for the bullshit. 

Edited 5 hours ago by Elias Pettersson

[Elias Pettersson]

1 hour ago, Warhippy said:

NO, they admitted that two or three individuals fudged things and immediately fired them

 

VERY different than the nonsense you find on twitter because they actually held themselves accountable for the actions of their own employees

They only fired those employees after they got caught pumping out fake news red handed. God only knows how many other times they pumped out fake news without actually getting called out on it. 

[aGENT]

3 minutes ago, Elias Pettersson said:

That is only one example I can think of off the top of my head. 
 

But please tell me how anyone can tell you it was only 5%?  $50k on a $1 million condo?  Seriously?  There are condos in the exact same building that sell at the exact same time that have a bigger variance than that. 
 

But I could understand how people who don’t have a clue how real estate prices work could fall for the bullshit. 

 

Because it's taking in to account the effect on the ENTIRE market, not an individual deal here or there. Individually, yes, they likely raised a given money-laundering property's price more than 5%. The  OVERALL effect on market prices would be lower.

[Elias Pettersson]

11 minutes ago, aGENT said:

 

Because it's taking in to account the effect on the ENTIRE market, not an individual deal here or there. Individually, yes, they likely raised a given money-laundering property's price more than 5%. The  OVERALL effect on market prices would be lower.

A detached home in East Van in 2009 was selling for $600k. In 2016 it was selling for $1.5 million.  That’s a 250% increase.  How do you think that actually happened?  Do you think it was local buyers that did that?  
 

There were Asian buyers who were buying houses on the west side and then flipping them a few months later for a $500k profit. Heck, some were even assigning them before completion for a massive profit. Where do you think all this money was coming from?  
 

The laundering of money into the real estate market from offshore Asian buyers might have been the single biggest reason for the boom of the real estate market over the last 15 years. There isn’t even a question of doubt on that from industry professionals. 
 

Entire condo buildings were being sold overseas. That directly affected prices everywhere. That’s how real estate prices work. Yes one pocket does affect the overall market because that’s how you price real estate. You buy property on the west side and inflate that market and it directly affects all of the other areas. I’m surprised I even need to explain this given all the so called experts around here. 

[4petesake]

22 minutes ago, Elias Pettersson said:

They only fired those employees after they got caught pumping out fake news red handed.

Agreed.
How do you fire someone before they get caught?

 

 

 

 

 

 

[aGENT]

4 minutes ago, Elias Pettersson said:

A detached home in East Van in 2009 was selling for $600k. In 2016 it was selling for $1.5 million.  That’s a 250% increase.  How do you think that actually happened?  Do you think it was local buyers that did that?  
 

There were Asian buyers who were buying houses on the west side and then flipping them a few months later for a $500k profit. Heck, some were even assigning them before completion for a massive profit. Where do you think all this money was coming from?  
 

The laundering of money into the real estate market from offshore Asian buyers might have been the single biggest reason for the boom of the real estate market over the last 15 years. There isn’t even a question of doubt on that from industry professionals. 
 

Entire condo buildings were being sold overseas. That directly affected prices everywhere. That’s how real estate prices work. Yes one pocket does affect the overall market because that’s how you price real estate. You buy property on the west side and inflate that market and it directly affects all of the other areas. I’m surprised I even need to explain this given all the so called experts around here. 

 

A lot of things.... Immigration, Covid, wealthy boomers, corporate purchasing, nimbyism, normal inflation  etc, etc, and yes money laundering all contributed to inflated housing prices. 

 

No, I don't need it explained to me, and you can frankly cut the snarky tone.

[4petesake]

10 hours ago, Boudrias said:

Not sure who Mayor Moonbeam is. This all started with the BC Liberals and one has to wonder who was paid off. The fact that no one was charged is a disgrace. Then the NDP took over and they did not pursue the investigation? Eradicating this problem should be at the top of the 'to do' list of both provincial and federal governments. Yet it is not? Your 5% number is very low IMHO. 

 

l can’t say whether the NDP did enough but they certainly took their concerns to Ottawa.

 

Details of the Vancouver Model are outlined in a November 2017 report obtained by Global News from B.C.’s provincial government, in a freedom of information request. The report, by John Langdale of the department of security studies and criminology at Macquarie University, was presented to Australian intelligence officers and Austrac, the country’s anti-money laundering agency.

B.C. Attorney General David Eby has reviewed the report, and recently travelled to Ottawa to inform a federal committee of his concerns. His message was blunt. Eby testified that Canada’s anti-money laundering system has completely failed. He told the committee that gangsters have been openly carrying hockey bags stuffed with hundreds of thousands in drug cash into B.C. casinos, and there has not been a single prosecution.

In an interview with Global, Eby said the Australian report shows “that Vancouver is now recognized internationally as a hub of transnational money laundering.”

 

https://globalnews.ca/news/4149818/vancouver-cautionary-tale-money-laundering-drugs/

[Alflives]

41 minutes ago, Elias Pettersson said:

A detached home in East Van in 2009 was selling for $600k. In 2016 it was selling for $1.5 million.  That’s a 250% increase.  How do you think that actually happened?  Do you think it was local buyers that did that?  
 

There were Asian buyers who were buying houses on the west side and then flipping them a few months later for a $500k profit. Heck, some were even assigning them before completion for a massive profit. Where do you think all this money was coming from?  
 

The laundering of money into the real estate market from offshore Asian buyers might have been the single biggest reason for the boom of the real estate market over the last 15 years. There isn’t even a question of doubt on that from industry professionals. 
 

Entire condo buildings were being sold overseas. That directly affected prices everywhere. That’s how real estate prices work. Yes one pocket does affect the overall market because that’s how you price real estate. You buy property on the west side and inflate that market and it directly affects all of the other areas. I’m surprised I even need to explain this given all the so called experts around here. 

Alf’s bought many years ago for a fair price at the time.  Sold for market value, which (imo) wasn’t fair value. Good for the Alf’s, but way way too much. 

[aGENT]

1 hour ago, 4petesake said:

 

l can’t say whether the NDP did enough but they certainly took their concerns to Ottawa.

 

 

Details of the Vancouver Model are outlined in a November 2017 report obtained by Global News from B.C.’s provincial government, in a freedom of information request. The report, by John Langdale of the department of security studies and criminology at Macquarie University, was presented to Australian intelligence officers and Austrac, the country’s anti-money laundering agency.

B.C. Attorney General David Eby has reviewed the report, and recently travelled to Ottawa to inform a federal committee of his concerns. His message was blunt. Eby testified that Canada’s anti-money laundering system has completely failed. He told the committee that gangsters have been openly carrying hockey bags stuffed with hundreds of thousands in drug cash into B.C. casinos, and there has not been a single prosecution.

In an interview with Global, Eby said the Australian report shows “that Vancouver is now recognized internationally as a hub of transnational money laundering.”

 

https://globalnews.ca/news/4149818/vancouver-cautionary-tale-money-laundering-drugs/

 

Maybe we should vote for this Eby guy @Boudrias ?

[Warhippy]

4 hours ago, Elias Pettersson said:

They only fired those employees after they got caught pumping out fake news red handed. God only knows how many other times they pumped out fake news without actually getting called out on it. 

Dangerous statement when you peddle lies from twitter on such a consistent basis and claim them as credible mate 

 

Nobody holds your sources accountable, the individuals in question here were fired immediately and an apology was laid out 

 

Keep that in mind when you make these claims or statements because that mirror has a reflection 

Edited 1 hour ago by Warhippy