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8 hours ago, Elias Pettersson said:

 

COVID wasn't around in 2009-2016.  Immigrants can't buy property right away, it takes years for them to save and get a PR card.  All the wealthy boomers got rich off real estate in the 70's, 80's and 90's.  Corporations don't buy individual properties for the most part, their main focus is apartment buildings, non-strata and commercial properties.  That leaves NIMBYS and inflation.  Do you think NIMBYS and inflation caused a 250% increase in the price of a detached home over a 7-year period from 2009-2016?  

 

Think about this.  The offshore buyer frenzy was so bad they had to change the tax laws in order to try and stop it.  It got even worse, so they literally stopped all foreigners from buying a residential home in ALL OF CANADA period, maybe forever.  Just think about that.  A foreigner can't even buy a home in CANADA right now.  Mattias Ekholm makes $6 million per year and can't even buy a home in a shithole like Edmonton.  But money laundering only affected prices by 5%.  Like seriously?

Money laundering by the PRC is a indirect attack on Canadian society. It undermines the ability for many people to house their families. It introduces corruption on a large scale. Various levels of government throwing their hands up is not good enough. Canada has to start jailing or extraditing these people. The penalties must be extreme. This is a social issue and a national security issue. 

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17 hours ago, Elias Pettersson said:

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

 

Well, I kinda gave you the assist there pal.

You really just filled in the blanks for a project I baited you into talking about, Vancouver House.

 

So, in conclusion, you dont have any source for anything close to 100%.

 

Many of us are skeptical of the expert reports that say only 5%.... but a jump to 100% and you cant back it up, I had to challenge.

See, Bouds was tying the BC Casino thing to JT, which I dont have an issue with as a topic. I just want to learn what the real impact is, the real numbers, cause so far yours seem very inflated. 

Now, I know you hate 'fake news'. You go on about it a lot. So, maybe a link to anything that has the stats close to 100%?

 

And remember, we are talking about all of BC. Not just greater Van. 

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1 hour ago, Boudrias said:

Money laundering by the PRC is a indirect attack on Canadian society. It undermines the ability for many people to house their families. It introduces corruption on a large scale. Various levels of government throwing their hands up is not good enough. Canada has to start jailing or extraditing these people. The penalties must be extreme. This is a social issue and a national security issue. 

100% agree Boud.

 

I would also add in the exact same for corporate entitities that engage in the same practices of extreme control over vital aspects of canadian social fabrics.  Such as housing or transportation

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1 hour ago, Boudrias said:

Money laundering by the PRC is a indirect attack on Canadian society. It undermines the ability for many people to house their families. It introduces corruption on a large scale. Various levels of government throwing their hands up is not good enough. Canada has to start jailing or extraditing these people. The penalties must be extreme. This is a social issue and a national security issue. 

 

One loop hole I hope they will close is something I heard about years ago... I dont know the details, hearsay.

 

i heard something like.. if you ' plan to open a business in BC' but are not a citizen, you can buy a house. I heard that people would sign into a lease for a small commercial space and I guess submit a business plan. Then the person could buy real estate. They then would never open the business, never had intention to. 

A few thousand wasted on a short lease is nothing to many of these buyers. 

Edited by bishopshodan
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Stats Can median earnings per person dated 2017 shows the average American income is 27.5% higher than Canadian. The top 5 states have incomes 65% higher. Canadian provinces of MAN, QUE, BC, NS, NFL, NB, PEI: in descending order were at the absolute bottom of the combined listing of Canadian provinces and American states. SASK, ONT were above, only Idaho, on the list. Alberta ranked 13th from the top of the list. 

 

This is the real world. I am sure these standings remain true going back many years. Canadians should be outraged and should be questioning why. This is especially true of an economy that is so resource dependant. Combine that with a per capita debt based on government debt + personal debt that is unsustainable. Yet we have politicians who throw gasoline on the fire as they make unfunded promises in an attempt to buy votes. IMHO politicians who do not address the real status of our economy are failures and have no place in public life. Our media is an absolute failure as they do not spend anytime discussing the problem or holding politicians to account.  

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2 hours ago, Boudrias said:

Money laundering by the PRC is a indirect attack on Canadian society. It undermines the ability for many people to house their families. It introduces corruption on a large scale. Various levels of government throwing their hands up is not good enough. Canada has to start jailing or extraditing these people. The penalties must be extreme. This is a social issue and a national security issue. 


 

I’ve always felt that the one with the most to answer for in BC is Rich Coleman who did as close to zero as humanly possible to deal with the issue. His testimony before the Cullen Commission was nothing less than an insult to British Columbians. “I never turned a blind eye to the problem” after undermining RCMP Inspector Barry Baxter who put the finger on B.C. casinos.

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Just now, 4petesake said:


 

I’ve always felt that the one with the most to answer for in BC is Rich Coleman who did as close to zero as humanly possible to deal with the issue. His testimony before the Cullen Commission was nothing less than an insult to British Columbians. “I never turned a blind eye to the problem” after undermining RCMP Inspector Barry Baxter who put the finger on B.C. casinos.

The BC Liberals had lots to answer for and never did. Started with Campbell when he started issuing casino licenses when he campaigned against them. COntinued with Christy Clarke who never acted when it was clear that money laundering was happening. Coleman was the Minister in charge. NDP have continued by not acting strongly enough. 

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16 minutes ago, Boudrias said:

Stats Can median earnings per person dated 2017 shows the average American income is 27.5% higher than Canadian. The top 5 states have incomes 65% higher. Canadian provinces of MAN, QUE, BC, NS, NFL, NB, PEI: in descending order were at the absolute bottom of the combined listing of Canadian provinces and American states. SASK, ONT were above, only Idaho, on the list. Alberta ranked 13th from the top of the list. 

 

This is the real world. I am sure these standings remain true going back many years. Canadians should be outraged and should be questioning why. This is especially true of an economy that is so resource dependant. Combine that with a per capita debt based on government debt + personal debt that is unsustainable. Yet we have politicians who throw gasoline on the fire as they make unfunded promises in an attempt to buy votes. IMHO politicians who do not address the real status of our economy are failures and have no place in public life. Our media is an absolute failure as they do not spend anytime discussing the problem or holding politicians to account.  

While seemingly accurate this also ignores very important aspects such as the discrepancy of cost of goods, items.  Health care, socialised education and services etc.  While the wage earnings do seem overwhelmingly in favour of the US when balanced out after just strict earnings and when weighed against the benefits of Canadian services canadians almost overwhelmingly come out ahead.

 

Also, BC would be 17th on that list now I believe between the provinces and states.

 

Fraser institute between 2010-2022

 

https://www.fraserinstitute.org/studies/our-incomes-are-falling-behind-earnings-in-the-canadian-provinces-and-us-states-2010-2022?language=en

 

There is more to the story than just strict income/earning.  Especially now that so called "vice items" in both nations no longer favour the US in terms of pricing even with having the #1 economy in the world and the highest performing currency

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4 minutes ago, Boudrias said:

The BC Liberals had lots to answer for and never did. Started with Campbell when he started issuing casino licenses when he campaigned against them. COntinued with Christy Clarke who never acted when it was clear that money laundering was happening. Coleman was the Minister in charge. NDP have continued by not acting strongly enough. 

Bang on again!

 

Probably the single most damning thing they have done is not act tough enough.  I know the issues exist in that the feds need to be just as tough, and that if they truly stamp it out it would potentially shatter the real estate sector but they need to get tough, if they cannot or will not the next party in power should.

 

But sadly probably won't because $$$

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21 hours 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 🥰

 

Why would you waste/ruin perfectly good cheese....?

 

21 minutes ago, Boudrias said:

Stats Can median earnings per person dated 2017 shows the average American income is 27.5% higher than Canadian. The top 5 states have incomes 65% higher. Canadian provinces of MAN, QUE, BC, NS, NFL, NB, PEI: in descending order were at the absolute bottom of the combined listing of Canadian provinces and American states. SASK, ONT were above, only Idaho, on the list. Alberta ranked 13th from the top of the list. 

 

This is the real world. I am sure these standings remain true going back many years. Canadians should be outraged and should be questioning why. This is especially true of an economy that is so resource dependant. Combine that with a per capita debt based on government debt + personal debt that is unsustainable. Yet we have politicians who throw gasoline on the fire as they make unfunded promises in an attempt to buy votes. IMHO politicians who do not address the real status of our economy are failures and have no place in public life. Our media is an absolute failure as they do not spend anytime discussing the problem or holding politicians to account.  

 

This is what happens when vast swaths of people allow themselves to be grifted in to selling off pieces of our country, our resources, our IP'S etc to wealthy Americans instead of retaining them, and the jobs and wealth they produce, in Canada. This is the "right", Neo Con/Lib playbook.

 

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