Price Drops Spread amid Slowing Sales, Rising Supply, Bank of Canada Tightening. Now what could go wrong???? This disaster is politically driven through allowing a 100k’s of wealthy foreigners to drive prices sky high. #vanRe#inflation https://t.co/tpZuKZugDd
Welcome to the new improved Canada!!!!!! Politicians in power have dug an economic hole that is going to financially destroy a lot of people. They need to pay a price for this. OUT OF POWER!!
#inflation#depression
Respectively David, the Bank of Canada doesn't control the mortgage rates. They can only influence it.
Inflation is out of control due to insanely high levels of money printing by the BoC during COVID and deficit spending by the federal gov't and your gov't.
If you want to help British Columbians, tax them less and stop running fiscal deficits.
And if you don't believe me, ask the AI at ChatGPT.
Shanghai's Top Immigration Firm Owner Arrested, 16K Client Data at Risk. So how much illegal money has been dumped into #vanRe.
#MoneyLaundering. If I was a wealthy mainlander living in Vancouver I would be a little nervous.
https://t.co/dKwcJNKrS6 via @YouTube
The housing market affordability index in the US is now ~10% BELOW the 2006 lows.
This is officially the least affordable housing market in US history.
Mortgage rates in many states are approaching 8% and the median house now costs 560% of the median income.
#inflation#housing
It is finished for Vancouver real estate and Vancouver. https://t.co/yp3KJLtjuZ
The fault is on the politicians who allowed this influx of speculative and dirty money to inflate the vancouver real estate to such a level that it has become unaffordable to many #vanRe#cndpoli
A sustained exodus over the next few years will likely continue to drive Chinese property investments abroad.
Australia, Canada and the United Kingdom are among the most popular property destinations for these buyers, says a real estate firm https://t.co/BZQoOWXMGC
How is life in beautiful vancouver?
Here is a very good letter that was written by a bike shop owner that has nailed the sentiment amongst a great many people living in vancouver. #inflation#vanRe#TrudeaMustGo
People are reaching the breaking point!
https://t.co/K4TNBLgDs8
Watch real estate in Toronto and vancouver if the Chinese money starts fleeing back to Asia. China has big problems in their economy and their real estate developers are billions in debt. Cracks starting to appear
#china#vanRe
One thing I keep hearing is the abrupt slowdown in the construction space. Projects no longer pencil, trades are asking for work, renovation pipelines are thinning out. Jobs and incomes are next.
How to destroy a city!!! Let drugs and crime run rampant! Stimulate that by allowing shoplifting under $950 to go unpunished. Capital does not like uncertainty. San Francisco faces an uncertain future. #crime#sanfrancisco#politicians https://t.co/Jyh4RJXHqK
Thind Properties has halted its Richmond condo project and is returning the 20% deposit to its pre-sale buyers. More of this coming.
https://t.co/bZb7OHvwMT