This week in Canada.

[subtle plague]

One would think that the second largest country with only 40,000,000 people would have cheap real estate, lol.

You can get cheap lots on ellesmere Island!

[TBS]

Surprised this didn’t make the list so far - from Kelowna

9-Year-Old Girl With Short Hair Left Sobbing After Being Attacked for Being Trans

https://newrepublic.com/post/173635/...attacked-trans

A 9-year-old girl was left sobbing after she was falsely accused of being transgender just because she has short hair, in a clear sign of how transphobia harms everyone.

The girl was competing in a shot put event at her elementary school in British Columbia, Canada, last week, when the grandfather of another girl demanded to know why a boy was competing in a girls’ event.

One of the mothers, Heidi Starr, said Tesar insisted, “If she is not a boy, then she is obviously trans,” and repeatedly shouted for people to “get that boy off the field.” Starr said her daughter is female, identifies as a girl, and wears a pixie haircut.

She also said his wife called her a “genital mutilator, a groomer, and a pedophile.”

The asshole, one Josef Tesar, has been banned from school property, and may be brought up on hate speech charges.

[XXX-er]

One would think that the second largest country with only 40,000,000 people would have cheap real estate, lol.

In Vancover the average house price is 1.3 million

[johnnyg82]

Point Roberts for the southern part of Vancouver Island (plus around a dozen smaller islands) was a pretty good deal for Canada.

This is more of a wtf?

Attachment 462149

Oh, and there’s that piece of France too that is just south of Newfoundland and Labrador. Saint Pierre and Miquelon

https://en.wikipedia.org/wiki/Saint_Pierre_and_Miquelon

[bad dancer]

To make it worse the average "detached" home price in YVR is 1.9 mil
So yeah, we have that going for us.

[riser4]

Shit, you have to be hiding foreign ill-gotten gains to afford that

[XXX-er]

not only that consider mortgages at the big 6 canadian banks are amortised over 25 or 30 years

but usually the term is only 5 yrs and then the mortgage needs to be renewed at the going rate

which has gone up in the last year to the point that as the renewal comes due

many Canadians holding a mortgage are screwed

[bennymac]

You can get cheap lots on ellesmere Island!

Exactly. All kinds of cheap real estate in Canada if you want 10 months of winter and 2 months of biblical mosquitos.

[Beaver]

not only that consider mortgages at the big 6 canadian banks are amortised over 25 or 30 years

but usually the term is only 5 yrs and then the mortgage needs to be renewed at the going rate

which has gone up in the last year to the point that as the renewal comes due

many Canadians holding a mortgage are screwed

I fluked out and remortgaged fixed 5 year term for almost free a couple years ago.

[Kenny Satch]

One would think that the second largest country with only 40,000,000 people would have cheap real estate, lol.

That's because in smaller cities and surrounding the big ones we have this land servicing scam that's been going on since the middle 80s. I was privy to what was going to happen because I know and knew many of the players. 40 years as a Commercial Broker as well as a former custom Home Builder I've seen it all and now hate what's allowed to go on. It's a not lack of land but services. As an example a detached home's land value was 25% in the early 80s and now it's about 75%.

Once home builders made money only building homes and now almost all of them make so much more money sitting on thousand of acres of land until it becomes serviceable. Imagine land that sold for $30k to $150k an acre becoming worth $3 to $4 million an acre before a shovel hits the ground. It's fucking nuts. Sure we made money playing this game but as time went by I hated it and knew by the early 2000's small and medium size home builders would be replaced by only the big ones. By 2006 no small or medium builders could afford to build in the GTA (greater Toronto area) unless they owned the land for many years prior. Not fair for 1st time buyers and young families. Home ownership is for many the only major investment they make for the future and now for many it's becoming unobtainable.

Because all the big builders take care of the politicians key to allocating services to only their land no real competition exist. It's gotten worse since Doug Ford took power and with so many corrupt mayors there is no end to this.

What pisses me off to no end is that a detached home in the GTA should be just over a million rather than 2-2.5 million.

Ok. End of rant.

[neufox47]

^^ how does that work? The local government determines when the land gets utilities and is buildavle?


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[LeeLau]

^^ how does that work? The local government determines when the land gets utilities and is buildavle?


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Yup. It allocates priorities too and approves zoning

[Kenny Satch]

^^ how does that work? The local government determines when the land gets utilities and is buildavle?


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Yup. It allocates priorities too and approves zoning

Yup x2. When the feds talk about more housing they are blowing it out of their asses.
It goes Provincial to Regional to Municipal.
I should have added that the DC (development charges) are so astronomical that only the big companies can afford them but it's the end user/buyer that pays for them.

[Ted Striker]

As an example a detached home's land value was 25% in the early 80s and now it's about 75%

In much of Vancouver, it's at or near 100%

[XXX-er]

I fluked out and remortgaged fixed 5 year term for almost free a couple years ago.

good one ^^ I just waited for mom to die and was able to pay off the mortgage with all the inheritance

IME good finacial decisions were completely arbitrary

i suspect as much with many people

[LHutz Esq]

You can get cheap lots on ellesmere Island!

Nope - some not crazy expensive homes in Tuk or Inuvik - but nothing for sale on Ellesmere that I can find.
https://www.realtor.ca/map#ZoomLevel...0&Currency=CAD

[Kenny Satch]

In much of Vancouver, it's at or near 100%

I thought it would be higher.

[Ted Striker]

I thought it would be higher.

Ha! Although that could be sorta true when the house is an empty knock down - which shouldn't exist there with the surtaxes, but they do.

[XXX-er]

In Vangroovy pay millions fo knockdown, assemble property build condo development make lotsa money fo hevansake !

A was at bank in east Van fixing something where there were some of my people dealing on something so they mentioned to the bank person they had the legal house adress changed which apparently is possible

Too many sixes in the address is bad feng shui they say ... everyone smile and nod

[Kenny Satch]

Ha! Although that could be sorta true when the house is an empty knock down - which shouldn't exist there with the surtaxes, but they do.

Vancouver is in world of its own. I can see why some properties are in the 10's of Millions. I was there in 92 before things really took off. Stayed in house that the tenants were trying to stop from being knocked down. It was close to you city hall if I remember correctly. When I left in I counted maybe 10 cranes and a month later when I returned I counted 19 of them. A lot had to do with Hong Kong money. The few people I did business with from Hong Kong all said we are grossly under valued. I think they were at $1000 psf and we were $100 to $150 psf for a condo. Last time I inquired before mainland China took over they were above $10k psf or maybe that was some years before.

In Vangroovy pay millions fo knockdown, assemble property build condo development make lotsa money fo hevansake !


A was at bank in east Van fixing something where there were some of my people dealing on something so they mentioned to the bank person they had the legal house adress changed which apparently is possible

Too many sixes in the address is bad feng shui they say ... everyone smile and nod

Gone around the sun 60 times so I guess I'm in trouble eh?
Never knew that.
I thought 4 was a no no.
I know 8 is huge.
Funny the 1st deal I ever did was a townhouse with the number 48. The seller told me it was ok to buy but not ok to live in. He was original from Hong Kong.

[XXX-er]

yeah there were 2 waves and actulay the first wave of honkies were nothing compared to the 2nd wave of the mainlanders

in any case there are lot of types of chinese so my mom spoke queens english but when she came over nobody in Vangroovy spoke her dialect and me i identify as a white kid from Burnaby


It had to be 30 yrs ago but i can still see her in my minds eye that woman saying " too many sixes "

but you only got the one 6, in any case you only in trouble if you are AZN

and make sure your front and back doors are staggered

[Kenny Satch]

Roger that.

[paulster2626]

Brother in law lives in North Van. Asked him why there are a lot of asians south of stanley park but not many in north van. He said "they don't like the hills." Not sure if there's any truth in that, sounded mildly racist to me...

[XXX-er]

there is a big Persian influence in North Van but I don't know about the hill thing

Flatter-than-piss-on-a-plate Richmond is like 60% AZN also lots of AZN in east van,

the original chinese that mom couldn't understand were Cantonese, the HK came in the mid 90's on some import-a-millionaire scheme thot up by the fed gov of the time ( didnt work ) and the latest group is the mainlanders, billions in laundered money


Vangroovy has probably the mildest weather in canada, also closest to Asia and the big one is ... lots of great restaurants eh


Vangroovy has alwasy been pretty multi cultural

[grinch]

https://www.instagram.com/reel/Ctko0...c4MmM1YmI2Ng==

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