![2016_2mline[1].jpg](https://i.imgur.com/wmUAQvJ.jpg "2016_2mline[1].jpg")
The $1 million mark is old news. According to researchers, significant chunks of the city are now $2 million and up, with some sections surpassing the $5 million mark. How do you normal Canadabros deal with these prices?
http://bc.ctvnews.ca/1m-line-for-vancouver-homes-has-vanished-off-the-map-research-shows-1.2949581
>>77554834
And, the provincial government being bought by real estate industry, refusing to even start tracking how many of the houses are being bought by chinks who are letting them sit empty.
How are the asians and other immigrants able to afford those prices? Yeah I get that they pack 8-10 people in 1 house, but at 2 million, each immigrant would have to make a minimum of 6 figures.
![2015_2mline[1].jpg](https://i.imgur.com/OxY3yjl.jpg "2015_2mline[1].jpg")
>>77554834
Here is that same map from 2015, to show how quickly prices are rising:
>>77554834
Can't wait for it to peak and then crash like Japan back during the 90s.
>>77554834
Kids these days are just lazy.
It's going to be great when the bubble pops, especially with no gold reserves. Hopefully it takes the entire economy down with it and we get invaded by Russa and China or the U.S.
>>77555015
The "immigrants" are wealthy businessman who know that their native country is volatile a shithole and thus are trying to protect their assets by investing in foreign real estate (which is generally considered a safe investment.)
>>77555015
mostly they are hiding ill gotten money
they dont need "8-10 people"
![2016_1mline_multiple[1].jpg](https://i.imgur.com/fgLWNC4.jpg "2016_1mline_multiple[1].jpg")
>>77555043
And here's a map with finer value gradations, up to 5 million:
>>77555131
It'll be nice to finally have a land bridge to Alaska.
Plus, we get the Yukon. Wonderful bit of land.
My dream is to own a small house in a 1 or 2 acre property at least 5 miles outside of Vancouver. Would a middle class working man be able to afford this in the next year or two?
>>77555015
China has tends of millions of millionaires with ill-gotten gains who are deathly afraid the day of the rope is going to come for them when the unemployment rate starts ticking up with the eventual economic slow-down.
They're buying safe houses in developed countries so that they have somewhere to escape to.
>>77555015
They own factories that use slave labour in China.
Poorfag immigrants get subsidized housing from the government and run gangs.
>>77555069
>And can you believe they're refusing to have children and save the country from immigrants?
>Oh, hold on...
>Yes? Mr. Chang? Come by at 3 to look at the house.
>>77555303
Hahahahahahahaha
Maybe look at Kelowna or Kamloops. There are lots of tarpaper shacks in the desert there in your price range.
>>77555303
Your dream is to live 5 miles outside of Vancouver? Reconsider your life my friend
Personally I choose to not live in Vancouver. Still plenty of cheap whites only land outside of the major cities
>>77555303
Don't do it, my friend.
t. someone who lives in Vancouver
>>77555303
>5 miles
Either a suburb or part of the agricultural land reserve. Parts of Surrey still aren't that pricey, but then you'd have to live in Surrey.
Better options are either further inland (out to Abbotsford or even Chilliwack) or on Vancouver island outside of Victoria (Victoria is also quite expensive now).
>>77555015
About 18% of condos are empty, and most Chinese are avoiding the new president who is clamping down on corruption.
I rent a 100 year old cottage and it's worth well over a million, but I am in white rock.
I do residential masonry and my God these house are insane. So big yet so empty. It's sad knowing I'll never own a house in a city so beautiful, for its natural landscape.
Driving here is fucked though too
>>77555487
Boomers are retarded no doubt about that.
>Oh look at that the price of housing doubled in 2 years
>Huhh I wonder why there are so few children during Halloween.
>>77555015
Indians pack a family of over ten in big ass houses in surrey. Doesn't cost much when you have incomes from everywhere
>>77555726
No fun city.
>hiking
>kayaking
You can't fucking hike or kayak in the city motherfuckers. Vancouver is shot. Nothing to do. Metro shuts down at 1 am. Clubs are shit. Can't dance on patios.
>>77555303
Yeah try like 50 km. South langley is rather nice, but it's still going to cost you well over a million.
The catch with this place is mountains to the north, ocean to the west, borders on the south. The only place left is the valley but there is no rural spots left. Osoyoos is amazing but it gets hot as fuck.
>>77556001
Why is the skin around her butt hole brown? That's gross as fuck
>>77556313
Virgin detected.
>>77554834
Ban chinks from purchasing houses. Problem solved.
>>77554834
>>77555043
Thanks $360 billion trade deficit with China. Good going kikes.
Vancouver should become a country like Singapore
>>77556001
>dat brown booty hole
AbsolutelyDisgusting.jpg
>>77556001
I want to lick her butthole. Am i a degen?
>>77556313
You must be 18 or older to use this website
>>77556386
They would find a way around that. An easier way to discourage them from using housing as an investment would be to simply start taxing home owners more if they aren't living in their home for more than 3 months a year and are not renting to others. The tax would have to be fairly large in order to incur a loss though.
>>77556364
>>77556518
Assholes are supposed to be brown? I thought it was poo.
>>77556647
But the politicians have to approve that and they are probably making money off this whole ordeal
>>77556421
No we should just kick out the Chinks.
>>77556313
time to stop watching porn
>>77555314
It's gotta be this, I live in a tiny basement of a really nice house in Vancouver and no one has lived in the rest of the house for almost a year now. They just get these million dollar houses that they can afford to not even live in
>>77554834
I fucking hate asians.
All I've ever wanted was to live in this shitty rainy city and buy a nice house and get a girlfriend and not have to work too much and get married and have some kids and retire. And instead I'm going to be working for 30 years just to buy a shitty old shack in someone's backyard.
Worst fucking thing is that the municipal government WANTS to fucking change it. They want to crack down hard. But they don't have the actual legal power to do so. Only the provincial government can. And you just fucking know that those corrupt bastards are getting huge profits out of the situation.
My life is being ruined by some faceless Chinese guy in a suit a million miles away. Guy sits there in a bar drinking, having fun with his friends. Glances at his smartphone for a second. There's a new house for sale in Vancouver, that's a nice market, solid investment. Buys it. Ruins my life just a little bit more with that button press. Sticks his phone back in his pocket. Laughs at a joke his buddy made. He doesn't even know how many houses he owns.
>>77558506
Just move somewhere else faggot.
>>77555936
Surrey here, fuck hindus. You Americans are lucky the worst thing you need to deal with is blacks.
At least Justin Trudope cares about the little guy, right?
>>77556518
fixed
>>77558431
Flippers, too. Some guy buys a beautiful, perfectly good, modern 2 million dollar house. Orders it torn down. Builds a 5 million dollar house. Sells it to someone who does the exact same thing. Nobody lives in the house at all.
I honestly don't even know how these homes are gaining value. They have no use. It's not like anybody can afford them. It's just a bunch of rich guys investing, renovating, gaining millions of dollars of interest on worthless houses. It's not helping the economy, they're not producing anything, they're just creating this feedback loop of monetary gains where they invest, improve, and sell to another fucking investor looking to get in on the 'lucrative' Vancouver housing market.
I just want it to stop, man.
>live in small mostly white christian community near fraser valley
>over an hour of driving to reach vancouver
>chinks are already in my small town buying up everything
Im starting to think living in BC is a lost cause. Maybe I should just move up north where its nice and cold.
>>77558913
The colder the whiter
>>77558506
Why can't you leave if it's that bad?
>>77558848
It's speculation driven by demand which is driven by more speculation. The bubble will pop the moment the Chinese economy stalls.
>>77558725
I don't want to. I'm going to have to, but I don't want to. I can't live in a continental climate, I do terribly in low-humidity or high-temperature areas.
>>77558913
Great white flight to the territories when?
>>77558725
>Giving up your homeland because of foreign investors
Literally the most cucked advice. Canadabro should fight this, not run like syrian cuckfugees.
>>77558506
Chinkocaust when?
I have family in Coquitlam that I'm trying to convince to sell their house and fuck off out of Vancouver before the bubble bursts.
They don't believe me. Fucking NDP voters.
>>77558992
>being this much of a sissy faggot
>>77558725
>>77558959
That's actually happening. Young people are leaving the city by the truckload. It's a huge issue. We're losing relatively small portions of our population, but it's a really important part. The baby boomers are retiring really soon. All the 40-50 year olds in the work force will be taking their jobs. But there won't be any younger people to take THOSE peoples' jobs.
>>77558848
Bubble has to pop at some point.
>>77559155
That's what foreign workers are for silly. Millennials are a lost cause.
>>77558848
>They have no use. It's not like anybody can afford them.
Rich fags can and are for some reason.
> It's not helping the economy, they're not producing anything
They kind of are by making better houses.
>>77559020
I'd never be able to handle 22 hours of darkness in the winter. Everything is expensive as fuck in the territories too.
>>77559448
Move to Lethbridge, Winterpegg, Kingston, whereever.
>>77559396
>They kind of are by making better houses.
I guess. It's not like they aren't contributing at all, there is construction and stuff. The guys who just buy a house and let it sit there for three years before selling it are the ones really contributing nothing.
But the problem is that when the housing price rises this high, there are just tons of detrimental effects to the local economy. Young people leave because they can't afford anything. Landowners become filthy rich and gain massive amounts of market power. People take out massive loans they'll never even manage to pay the interest for. Nobody can gain any sort of financial foothold because the cost of renting is more than most jobs earn in a month, which means no savings, no wealth, no increase in standard of living. Nobody can invest money anywhere. Nobody can afford to eat healthy. Quality of live drastically decreases.
It's just a fucking mess.
>>77559831
>I guess. It's not like they aren't contributing at all, there is construction and stuff. The guys who just buy a house and let it sit there for three years before selling it are the ones really contributing nothing.
It's kind of a waste of resources if they do that too often but I don't think the trash and re-build happens too often.
>But the problem is that when the housing price rises this high, there are just tons of detrimental effects to the local economy.
They're not supposed to live there, it's a rich fags place now.
>Landowners become filthy rich and gain massive amounts of market power. People take out massive loans they'll never even manage to pay the interest for. Nobody can gain any sort of financial foothold because the cost of renting is more than most jobs earn in a month, which means no savings, no wealth, no increase in standard of living. Nobody can invest money anywhere. Nobody can afford to eat healthy. Quality of live drastically decreases.
the bubble will crash at some point, just dont buy into it, it's the american housing market all over again and whoever buys last loses.
gas the slants
I am living in West Vancouver right now motha fukas... in my mom''s basement. Got a degree in mechanical engineering and can't find work for 2 years now.
If only I was a US citizen I would be working as a technician or engineer right now. Canada is garbage: no jobs, super expensive, feminists, socialists. There is literally NO PROS in living here other than breathing clean air. Even the food portions here are so little compared to the US.
Someone from the US hire my ass!!!
>>77560758
You probably have a shit resume, tb.h.
And, if your Mom is so rich she can afford a house in West Van, can't she buy you a career like other rich people?
I live just east of Vancouver in Burnaby. Our landlords are pretty nice and charge us much less than they probably should, but I'm worried they're going to sell soon and I'll have to move out to the middle of nowhere. Houses on my street are selling for 2+m now ;_;
>>77555015
It's the result of corruption. The rich in China got there due to mainly illegal means, though legal there because their government allows exploitation of workers and all that shit, so they buy foreign properties in coastal cities like San Francisco and Vancouver as a means of insuring their wealth against any backlash should their government fail and international condemnation occur or their economy crashes.
Oh and the housing market isn't crashing any time soon because of 3 reasons:
1. Laundry money
2. Easy to immigrate (van is 2nd most top destination for immigrants)
3. City is ranked as one of the top 5 livable cities in vancouver. There will always be demand.
Never understood the animosity some Canadians have against foreign investment, especially here in Vancouver.
The foreign investment is what's allowed us to become one of the richest cities in Canada and the province currently having the lowest unemployment rate and highest gdp/capita rates across the country. People think that most of these homes are unoccupied but that's a meme. And even if they are, they have to pay property taxes like everyone else and can rent it out to facilitate the desperate renters market. Our infrastructure from utilities, roads, bridges, and public transit remain one of best in North America. Also one of the cleanest; look at the slum Toronto/Montreal has become. Cities like New York, SF, and LA are filthly incoherent shitholes in comparison. Construction happening everywhere is definitely a good sign and promises continued economic growth.
If you want to see a poor city, look at sorry state of Montreal. The entire province of Quebec is literally crumbling with soaring unemployment and third-world tier infrastructure. Their roads/bridges are almost unusable at this point and certainly wouldn't pass current codes. It's a good thing they're not really in a region of high seismic activity cause they'd be wiped off the map. What's worse is they also have one of the highest provincial tax brackets across the country accompanied by the lowest salaries.
We're now doing better than Alberta and don't have to live in Alberta.
>>77561269
Foreign investment in building new things create jobs.
Foreign investment in residential real estate speculation kills cities by displacing people who work there.
>>77561269
>they have to pay property taxes like everyone else
No, they don't.
>and can rent it out to facilitate the desperate renters market
They don't. Too much work.
>>77560908
My parents bought the house back in 2003 just before prices started going insane. Now it is worth 4x as much.
You don't really understand Canada, we don't have diverse industries like you do. In Toronto we have banks, in vancouver we have real estate. If you think NAFTA was a bad deal for you guys well it is 10x times as worse for us... we no longer have any manufacturing jobs.
When I was applying for jobs on indeed (texas) as a US citizen I was getting a 50% call back rate THE NEXT DAY compared to the 0% from vancouver. Going to keep applied for jobs in TX, hopefully work there using the TN visa.
>>77561269
NOBODY WANTS CHINKS. CHINKS GO HOME.
>>77562119
WHITE PIGGU GO HOME
>>77560758
Apply for a work visa senpai
>>77562772
Sum ting wing?
>>77562119
Sum ting wong**
>>77556001
Welcome to Eastern Europe, enjoy your stay
>>77562962
Fuck you
I am living just outside of Vancouver.
It is awful.
Aside from being expensive as fuck, there are chinks everywhere.
If I could get a visa I'd move to the states in a heart beat. Right now I'll have to settle for the interior.
>>77554834
We cant.
>>77555015
Asians pack 0 people into their houses
Got out of that shit hole in 2011, moved north. My wage doubled and my pay cheque tripled from overtime instantly, already paid off my house, 160,000 for 5 bedrooms. leave that shithole to the chinks.
>>77563095
>>77563353
>Plebs blaming the city for their shitty wages
>>77554834
> $2 million
> $5 million
Like in Moscow before the devaluation. If you are common man and have brothers-sisters you will never get your own apartments in such conditions, because you will not be able to earn a $5kk to buy apartments.
We don't. Our major cities are being sold to the highest foreign bidder under our feet and both provincial and federal governments are actively aiding it.
Good luck ever owning a home in this country in Toronto or the lower mainland.
>>77563657
Where did I say that?
