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11-28-2018, 12:26 PM
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#13576 | | Rs has made me the woman i am today!
Join Date: Dec 2009 Location: Burnaby
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Originally Posted by Hondaracer  Been going to the Price Mart attached to station square there now for lunch a few times, I’ve been the only non-Asian person in the entire store (including staff) the last 3 times I’ve been in there.
In 5 years we’ll be arguing over 100% Chinese signs for businesses surrounding metro. | I agree, I work in Tower 3 and see the same thing. In fact, I'm pretty sure there are illegal residential suites in Towers 1 and 2, because I literally see Chinese nationals with their children and luggage going up in the morning to either tower, clearly not heading to an office or work of any sort.
It's very strange.
My father immigrated here in the 60's, and anytime he visits me at Metrotown for lunch, he's absolutely stunned by the demographic changes. I grew up in Burnaby, and even for me, I'm finding it surprising how much different Metrotown's demographics have changed even from my High School days.
It's jarring.
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11-28-2018, 02:37 PM
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#13577 | | I *heart* Revscene.net very Muchie
Join Date: Oct 2013 Location: The Fruit Loops
Posts: 3,640
Thanked 7,539 Times in 2,046 Posts
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| https://www.vancourier.com/real-esta...ars-1.23505823
Between the Lougheed Mall development and now this one, this whole area is going to be interesting.
Anthem properties is the company that bought my building up but I'm near the tip of northern Burquitlam. Didn't realize how much land this company has absorbed.
Condo cartels. The future is here!
__________________ Quote:
Originally Posted by GS8 When I think about ewe, I touch myself | | |
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11-29-2018, 04:56 PM
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#13578 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,596
Thanked 1,022 Times in 450 Posts
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One of Canada’s Biggest Money Laundering Probes Has Collapsed https://www.bloomberg.com/news/artic...robe-collapses Quote:
One of the biggest money laundering investigations in Canadian history won’t go to trial because the case has collapsed, British Columbia’s top law enforcement official said Wednesday.
B.C. Attorney General David Eby said he was informed that the high-profile case into suspected drug money circulating in Vancouver-area casinos had “collapsed.” The investigation by the Royal Canadian Mounted Police, which began in 2015, was set to go to trial in January, according to CBC.
It’s unclear to provincial officials why the federal government stayed -- or discontinued -- the criminal charges, Eby said. “Something obviously went terribly wrong,” he told reporters in Vancouver. “We have to figure out why this is happening, why it is that we appear unable to prosecute these criminal activities.”
Five counts were included in the original indictment, including laundering the proceeds of crime and possession of property obtained by crime, CBC reported. The charges didn’t meet the threshold of a reasonable prospect of conviction and serving the public interest, the report said, citing Public Prosecution Service of Canada spokeswoman Nathalie Houle.
Since taking power last year, Premier John Horgan’s New Democratic Party-led government has been spearheading an anti-money laundering drive after finding that casinos in the Vancouver area served for years as "laundromats" for domestic and international crime organizations. Eby’s office has hired an independent investigator to review potential links between criminal proceeds flowing into the province’s casinos, real estate, luxury cars and horse betting.
Vancouver Is Now the World’s Lab for Controlling Foreign Wealth
Earlier this week, Global News reported that a secret police study into more than 1,200 luxury real estate purchases in the Vancouver area in 2016 found that more than 10 percent were tied to buyers with criminal records -- of those, 95 percent were believed to be linked to Chinese crime networks.
“This is a crisis for our province,” said Eby, who has pleaded with the federal government for resources and a coordinated national approach to combating money laundering. “It is a disturbing signal that a prosecution of this magnitude collapses.”
The investigation was the largest into money laundering in B.C. history, in terms of data and money involved, and one of the biggest in Canada, Eby said.
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11-29-2018, 05:35 PM
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#13579 | | I *heart* Revscene.net very Muchie
Join Date: Oct 2013 Location: The Fruit Loops
Posts: 3,640
Thanked 7,539 Times in 2,046 Posts
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__________________ Quote:
Originally Posted by GS8 When I think about ewe, I touch myself | | |
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11-29-2018, 05:52 PM
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#13580 | | Rs has made me the woman i am today!
Join Date: Jan 2012 Location: PENIS
Posts: 4,314
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__________________ There's a phallic symbol infront of my car Quote: |
MG1: in fact, a new term needs to make its way into the American dictionary. Trump............ he's such a "Trump" = ultimate insult. Like, "yray, you're such a trump."
| bcrdukes yray fucked bcrdukes up the nose
dapperfied yraisis
dapperfied yray so waisis
FastAnna you literally talk out your ass
FastAnna i really cant
FastAnna yray i cant stand you
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11-30-2018, 11:48 AM
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#13581 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,828
Thanked 17,623 Times in 5,902 Posts
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Too many politicians and "legitimate" business people's names coming up I'm sure... time to torpedo it.
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11-30-2018, 01:01 PM
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#13582 | | My dinner reheated before my turbo spooled
Join Date: Jan 2008 Location: Vancouver
Posts: 1,738
Thanked 939 Times in 308 Posts
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Cash is king. People turn a blind eye aslong as they get a piece of the pie.
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12-01-2018, 12:39 PM
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#13583 | | Rs has made me the woman i am today!
Join Date: Dec 2009 Location: Burnaby
Posts: 4,268
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It's crazy because this story will be forgotten by next week in this stupid city. I've said it once and I'll say it again, this Province carries one of the most corrupt governments in Canada, by far.
BC has been known as the wild west of Canada for decades now, this is only another example.
The criminal justice system, and the local government are not on your side.
The RCMP can't catch a cold, and they are either complicit, woefully inept, or both. The dropping of this case will only embolden those to continue these illegal practices, and jesus it's so damn frustrating.
It's really time to start accelerating our 5 year plan to move out of Vancouver. Quote:
Originally Posted by Spoon | | |
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12-01-2018, 05:14 PM
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#13584 | | I *heart* Revscene.net very Muchie
Join Date: Oct 2013 Location: The Fruit Loops
Posts: 3,640
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Only reason I stick around here is because of my retired parents. The more I learn about our political environment and how its trickled down to us (like sewage), the more I'm ready to pack and move. Love this province but it's been raped pretty good for a long time. it's almost supernatural how they've gotten away with it.
But hey let's talk about a fucking otter some more. Gotta prioritize them issues.
__________________ Quote:
Originally Posted by GS8 When I think about ewe, I touch myself | | |
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12-01-2018, 07:04 PM
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#13585 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
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I still don't see how the gov can say we are in a healthy economy while most economist is saying the exact opposite. I see major brands closing its door (Toys R Us, Sears, The Gap, Townshoes etc etc). With GM closing its plant, and the fact we are losing in terms of trading to the US and China and energy sector slowing down (low gas price and LNG not being build) what's there to support our economy?
I see more and more people out of a jobs everyday. With raising interest rate and our debt level at a all time high how long we can keep this going before things get really bad and the gov admit we are in a recession?
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12-01-2018, 07:07 PM
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#13586 | | RS has made me the bitter person i am today!
Join Date: Apr 2014 Location: Van
Posts: 4,798
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^^^ then interest rates will drop, prices go down and time to sweep up more condos  | |
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12-01-2018, 07:34 PM
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#13587 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
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One bedroom is roughly around 550k right now. Even if it drops 20% it is still 440k. In order for price to drop to 2014 price (300k) Price will have to drop close to 50%. If that's the case I am pretty sure a lot of Canadians would commit suicide already.
Even if price drops 50% how many people that complain about high pricing will be able to afford it then? I mean back then when it was cheap people didn't have money to buy them so what's the difference now? What have change so that they can afford a place?
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12-02-2018, 05:50 PM
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#13588 | | in the butt
Join Date: Aug 2016
Posts: 2,882
Thanked 3,659 Times in 1,331 Posts
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^ facepalm
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by mikemhg
Clothes come off and my car is permeated with the smell of fillet-o-fish and canned tuna.
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12-02-2018, 07:35 PM
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#13589 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,756
Thanked 32,637 Times in 7,615 Posts
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Originally Posted by Mr.HappySilp I mean back then when it was cheap people didn't have money to buy them so what's the difference now? What have change so that they can afford a place? | You know how jobs, paycheques, savings, aging and career progression work, right?
The 23 year old straight out of college didn't have money because they were, well, going to college.
Now that they've been working for 5 years, they have been getting paid a real wage for 5 years.
That's the most annoying thing for me about this. So many people just seem to disregard the next generation. Don't get me wrong, I'm not some saint thats giving some kid my car, but I don't, and neither does anybody, deserve to make a penny off of their home just because they got it, 5, 10, 15, 20, etc years ago.
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98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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12-02-2018, 07:43 PM
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#13590 | | "They call me Bowser...RawR!"
Join Date: Jul 2001 Location: Vancouver
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That's how it's supposed to work... save up for their downpayment for when the time is right to buy... but current savings rate is at 0.8% https://www.bloomberg.com/news/artic...or-a-rainy-day
__________________
"Damn fine car Dodge... Ran over me wife with a Dodge!", Zeke
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12-02-2018, 08:16 PM
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#13591 | | My dinner reheated before my turbo spooled
Join Date: Mar 2011 Location: NYC
Posts: 1,705
Thanked 1,554 Times in 563 Posts
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| Quote:
Originally Posted by Mr.HappySilp I still don't see how the gov can say we are in a healthy economy while most economist is saying the exact opposite. I see major brands closing its door (Toys R Us, Sears, The Gap, Townshoes etc etc). With GM closing its plant, and the fact we are losing in terms of trading to the US and China and energy sector slowing down (low gas price and LNG not being build) what's there to support our economy? | I feel like a lot of these are more shifts in consumer preference and companies failing to adapt. I wouldn't say that the failure of these companies indicates economic performance.
Toys R Us has had junk bond status since Jan 2005, Sears sales have remained in the ~50B range while Walmart was doing ~100B since the late 1990s, and only the Canadian branch of Town Shoes is claiming significant losses due to competition.
What you're seeing here is mid tier brands being squeezed out of the market by value (i.e. Walmart/Target/Winners), extreme-value (i.e. Dollarama), and in fashion - fast fashion (Zara), and luxury brands.
Keep in mind, Gap's bankruptcy is Chapter 11, so they're remaining in operation but looking to restructure.
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12-02-2018, 08:20 PM
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#13592 | | Willing to sell a family member for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,756
Thanked 32,637 Times in 7,615 Posts
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A bunch of shitty box stores closing also isn't my idea of the doomsday whistle for the economy. Some people are actually considering where their money is spent, and putting in a effort to support smaller businesses that offer superior products.
On the other end, the people who don't care are spending their money at amazon because it offers the same shit for cheaper, with more convenience. That leaves those giant archaic stores in no mans land.
__________________
98 technoviolet M3/2/5 Quote:
Originally Posted by boostfever Westopher is correct. | Quote:
Originally Posted by fsy82 seems like you got a dick up your ass well..get that checked | Quote:
Originally Posted by punkwax Well.. I’d hate to be the first to say it, but Westopher is correct. | | |
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12-02-2018, 08:30 PM
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#13593 | | My dinner reheated before my turbo spooled
Join Date: Mar 2011 Location: NYC
Posts: 1,705
Thanked 1,554 Times in 563 Posts
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| Quote:
Originally Posted by westopher That leaves those giant archaic stores in no mans land. | +1. The internet has been a game changer in how consumer interact with brands and spend. Reducing friction for routine purchases online seems to key, while retail will focus on luxury brands.
Think about "1 click buy" and it shows up the next day, or even "Subscribe and Save" where Amazon ships you laundry detergent automatically.
Applied to cars.... you could order Care by Volvo via an app... and for US$650 a month get an XC40 with insurance and wear and tear included (yes, brakes and wipers)...
or you could spend half a day in the dealership, talk to salesman, finance manager, maybe sales manager, call your insurance broker, come back a week later to pick up car all to get locked at US$512 a month on an X1 and still have to pay extra for insurance + wear and tear.
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12-02-2018, 10:57 PM
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#13594 | | RS has made me the bitter person i am today!
Join Date: Oct 2006 Location: van
Posts: 4,530
Thanked 1,170 Times in 625 Posts
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| Quote:
Originally Posted by mikemhg It's crazy because this story will be forgotten by next week in this stupid city. I've said it once and I'll say it again, this Province carries one of the most corrupt governments in Canada, by far.
BC has been known as the wild west of Canada for decades now, this is only another example.
The criminal justice system, and the local government are not on your side.
The RCMP can't catch a cold, and they are either complicit, woefully inept, or both. The dropping of this case will only embolden those to continue these illegal practices, and jesus it's so damn frustrating.
It's really time to start accelerating our 5 year plan to move out of Vancouver. | You realize it was the federal government who axed this right?
__________________
Gold is the money of kings;
Silver is the money of gentlemen;
Barter is the money of peasants;
But debt is the money of slaves.
-Norm Franz
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12-02-2018, 10:58 PM
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#13595 | | RS has made me the bitter person i am today!
Join Date: Oct 2006 Location: van
Posts: 4,530
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__________________
Gold is the money of kings;
Silver is the money of gentlemen;
Barter is the money of peasants;
But debt is the money of slaves.
-Norm Franz
Last edited by welfare; 12-02-2018 at 11:38 PM.
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12-03-2018, 03:46 PM
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#13596 | | Banned (BBM)
Join Date: Sep 2009 Location: None
Posts: 3,137
Thanked 667 Times in 265 Posts
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Originally Posted by GS8 https://www.vancourier.com/real-esta...ars-1.23505823
Between the Lougheed Mall development and now this one, this whole area is going to be interesting.
Anthem properties is the company that bought my building up but I'm near the tip of northern Burquitlam. Didn't realize how much land this company has absorbed.
Condo cartels. The future is here! |
If I remember correctly, Onni is holding onto a large parcel (currently a two level strip mall with that chinese restaurant) on the corner of North Rd. and Cameron.
Lougheed will be totally different for sure..  | |
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12-04-2018, 04:59 PM
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#13597 | | Rs has made me the woman i am today!
Join Date: Dec 2009 Location: Burnaby
Posts: 4,268
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Originally Posted by welfare You realize it was the federal government who axed this right? | Which is why I mentioned the RCMP, is that not obvious?
As well, if you don't think the Provincial and local governments play a factor to this problem, you have your head in the sand.
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12-05-2018, 11:16 AM
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#13598 | | RS controls my life!
Join Date: Apr 2004 Location: Vancouver
Posts: 721
Thanked 235 Times in 92 Posts
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Some light presales update before holidays - been hectic on business front with re-sales lately (better rebrand as Resales-VIP.com.. )
50% is still selling but trend has definitely slowed down.
Richmond
Going gangbusters!
Galleria Concord Pacific brand is insane - after selling out (nearly) Park George in Surrey last month, Galleria (basically Concord Gardens) is selling fast. $1100/ft but nicely laid out units and modern setup. New Skytrain next door helps
Paramount
$600K under units no parking basically (500ft and under). Across from Richmond Center. Going well, Tower 3 starting soon Dec.
Brentwood
AKIMBO0
No percentages but most VIP guys have 10% off so make sure you get that if you're buying - obviously price is higher for a smaller dev but decent deal for Brentwood.
Marcon / Brentwood
Near the Costco region - likely on lowrise near Dawson/Willingdon. $800/ft.
Surrey
Centra
Smaller developer but $750/ft to start and reasonably priced.
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Vancouver
Oakridge by Westbank Super expensive - but still selling off to a good start it sounds like. My clients aren't in the $2M 1BR range so I can't speak too much about it.
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We have been selling quite a few assignments (10 active now) - anyone that's bought 2 years ago are still up quite a bit. Gone are the crazy $200-300K lifts that people are buying Maseratis with though I'll say, more conservative structured and room for buyer to make some money in 1-2 years generally.
Keep in mind Dec/Jan is usually slower with holidays and such - sellers who have to sell now are really in a bad situation with volume and amount of eyeballs looking at deals.
Good time to snatch up desperate Assignments (can't get mortgage) and/or existing deals.
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12-06-2018, 07:16 AM
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#13599 | | RS has made me the bitter person i am today!
Join Date: Oct 2006 Location: van
Posts: 4,530
Thanked 1,170 Times in 625 Posts
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| Quote:
Originally Posted by mikemhg Which is why I mentioned the RCMP, is that not obvious?
As well, if you don't think the Provincial and local governments play a factor to this problem, you have your head in the sand. | Canceling an investigation like this is far beyond the rcmp's authority
__________________
Gold is the money of kings;
Silver is the money of gentlemen;
Barter is the money of peasants;
But debt is the money of slaves.
-Norm Franz
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12-12-2018, 12:01 PM
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#13600 | | RS has made me the bitter person i am today!
Join Date: Nov 2010 Location: /
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Thanked 2,647 Times in 1,021 Posts
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__________________
2022 Velo N
2005 S2000
2007 CSX Type-S [Sold]
2002 RSX-S [T-Boned]
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