Sunday, May 27, 2018

Vancouver is one of the most Beautiful Cities in the World

You can go Swimming and Skiing all in the same day

Or you can sit in a coffee shop and watch the World walk by

Everyone would love to Buy or Rent a Home in Vancouver BC.

For most People [ It’s almost impossible ]




In January, after the U.S. rejected the Keystone XL crude oil pipeline from the

Alberta oil sands to the U.S. Gulf,  

Stephen Harper courted the Chinese more aggressively,

China is now the biggest investors in the Alberta oil sands

More than two-thirds or 71% of the ownership of oil sands production in

Canada is Owned by foreign entities

They now call him Chairman Harper
 Chairman Harper and the Chinese Sell-Out
Premier Christy Clark sets her sights on 
Asia after our biggest trade partner in the U.S.

Reeled during the economic crisis of 2008.

Premier Christy Clark sets her sights on

B.C. becoming Asia’s first financial hub in the West

Making B.C. a very safe harbour for investment and Chinese money
In a bid to lure more Chinese investment into the province,

The government spent $961,175 on 

17 missions and investor trips 

British Columbia Premier Christy Clark has billed Vancouver

“Vancouver is the most Asian city outside of Asia.”

Vancouver, the closest major city to East Asia and with a high quality of life,

Vancouver It's the most popular destination, for over

240,000 Chinese immigrant investors

Especially the wealthiest investor newcomers,”

The vast majority of whom concentrate on real estate.

This is why three Vancouver real-estate firms when to China with her

Making Vancouver the least affordable housing markets in the world

Premier Christy Clark was asked later about what the

Government is doing to regulate or

Vet investors to ensure the money filtering into the province is legitimate.

Premier Christy Clark said

“We don’t regulate the private sector from that perspective in British Columbia,”

She told reporters,

“We only regulate to ensure that we are looking after the environmental and
Social needs of the province.”

Our goal is to

Make BC. a safe harbour for investment and foreign money

Dirty money or clean money it all looks the same in B.C. Coffers

“B.C.is a jurisdiction where the rules do not apply to white collar crime, fraud,
Tax evasion and money laundering,

Maybe this is why

Vancouver is Number One in the world for

Laundering Drug Money through BC. Real Estate

Vancouver is know as the


Premier Christy Clark goal was to establish 

Vancouver as the first offshore settlement centre

For the Chinese currency renminbi — also known as RMB or yuan

Clark said the federal government will be instrumental by making the connection

Between the Bank of Canada and People’s Bank of China

Last fall, the B.C. Government also became 

The first foreign government to issue bonds into the Chinese RMB market,

Issuing a one-year-term bond that raised about $428 million Canadian.

Making BC. a safe harbour for investment and foreign money

Vancouver is now one of the world’s

Vancouver a one Industry City

[ Housing ]

Where People are

Trading and Profiting in Properties as Commodities

Where people invest in the real estate rather than the community.

This is pushing Housing and Rents

Beyond the reach of Non-Millionaire

Making Vancouver the least affordable housing markets in the world

Other Cities, you know, they might be expensive

But they’re not as unaffordable as Vancouver.

Vancouver has experienced the greatest housing affordability 

Deterioration among major markets in the 

Demographia Annual International Housing Affordability




The Royal Bank of Canada


Quietly reported this month that housing costs in Metro Vancouver have reached


“the worst affordability levels ever recorded anywhere in Canada.”


Vancouver’s real estate disaster


Canada Mortgage and Housing Corp. just


Increased Its Risk-Rating for Vancouver to its Highest Level


Number of ‘poor’ million-dollar homeowners unusually high in Vancouver


The problem is not the general public 
But rather inadequate governance by 
Federal, Provincial and municipal politicians 
Who have not updated tax regulations 
To be fair or to reflect the modern economy.

Vancouver’s real estate “bubble risk” is the worst in the world, according to the


Global Real Estate Bubble Index compiled by the Swiss bank UBS.



. Vancouver's median home sale price is
(almost four times as much as the U.S.)

Roughly 99 per cent of all single detached houses within

Vancouver’s city limits are now valued in excess of $1.5 million

Transparency International reckons that perhaps half of Vancouver’s most expensive properties are owned by shell companies or trusts

With the nominal owners commonly listed as

53% of the people living in Vancouver are Renters

43 per cent of renters are living in homes they can’t afford:


Vancouver’s rental vacancy rate is hovering just below one per cent

a close up of a map: Home ownership costs in Canada have hit another "multi-decade high" and are the highest they've been since around 1990, Royal Bank of Canada says.
Canadian home ownership costs hit 'multi-decade highs': 
British Columbia has the highest rate of seniors living in poverty across the 

Country and that number has more than doubled since 2000, 

According to a new report.

It's because our Government turned Metro Vancouver’s

Real estate market into an international housing affordability basket case and a

The Citizenship-by-Investment Program

For at least 240,000 Chinese immigrant investors that are

Trading and Profiting in Properties as Commodities

These Chinese Immigrant investors do not pay

The Foreign Buyers Housing Tax of 20% 

For years, foreign money has been identified as a key factor jacking up

Vancouver’s home prices beyond anything that local residents can bear.

“I think this speaks to the government ignoring the pleas—and not just ignoring,

But going against the pleas—of a lot of local citizens here,”

Maybe this is why you can Kiss Affordable Housing and Rents Goodbye Forever

B.C. Housing Minister Rich Coleman, found it possible to argue in 2015 that

Vancouver housing prices were “pretty reasonable”

And that foreign ownership of property had nothing to do with government.

The truth is

No foreign housing tax of 20% can touch the 

240,000 Chinese immigrant investors

It's all because of the Citizenship-by-Investment Program

This program made these 240,000 Chinese immigrant investors , 

Permanent residents,

Making them 100% Canadian Citizens

The Government is trying to say that

Foreign ownership of property had nothing to do with government.

Vancouver’s Expo 86, which took shape during the 1980s’

Recession as a transportation fair,

And the 2010 Vancouver Whistler Winter Olympics

The truth is

The Government used Vancouver’s Expo 86, and 

The 2010 Vancouver Whistler Winter Olympics

They were both key events in the BC. Governments’ Strategy to 

Sell

Vancouver and BC. to Chinese immigrant investors ,

You really

Have to follow the Money and the Votes

The government spent $961,175 on 

17 missions and investor trips 

We must Start with

Premier Christy Clark’s October 2015

Vancouver real-estate firms with an eye on sales abroad

That Premier Christy Clark took with her

Premier Christy Clark used the tool of business immigration to draw in

Entrepreneurs and their capital to BC.

This program, which gave preferential treatment to wealthy migrants,

Proved extremely popular in Hong Kong and Taiwan and in Mainland China

Plus the 10-year visas, instituted in 2012,

It provide all the flexibility that most Asian and other millionaires 

Want in order to invest and live seasonally in Metro Vancouver

Canada’s banks have mastered the manipulation of clandestine back channels around China’s currency control regulations

So these people can buy their homes raise their kids in Vancouver 

These are the people that have to pay the

 Foreign Buyers Housing Tax of 20% 

Not the ones that are


Trading and Profiting in Properties as Commodities


Premier Christy Clark sets her sights on

“Most of the world thinks of Asia still, or calls Asia the Far East.

She told about 80 senior business executives with the APEC

China Business Council to Canada,

Which represents some of the largest private and state-owned 

Enterprises in China.

B.C. Liberal Party Leader Christy Clark had a little-known

 Provincial tax rebate program that they expanded in 2014

 To attract international banks and investment firms to

Vancouver and is possibly linked to greater amounts of overseas cash

Coming into the local real estate market.

Maybe this is why

The Vancouver real-estate firms went to encourage international speculation
and investment in agricultural and residential lands in British Columbia

Some of Canada’s biggest banks are in on this.

Canada’s banks have mastered the manipulation of clandestine back channels around China’s currency control regulations

Premier Christy Clark said the federal government will be instrumental

By making the connection between the 

Bank of Canada and People’s Bank of China.

Roughly 80 per cent of the deals involved a mortgage,

Half of the mortgages were held by two banks – CIBC and HSBC.

Canada’s banks have mastered the manipulation of clandestine back channels around China’s currency control regulations

It’s not just about shady Chinese money “not by a long shot.

Vancouver’s old establishment property developers and real-estate companies

Fed the frenzies and made a killing

In Vancouver’s political circles, and in polite company,

One simply didn’t mention the way the City’s housing market was being restructured to serve as an offshore investment bolthole

For billions of dollars’ worth of shadow currency being spirited out of
China, Iran, Russia and other such kleptocracies.

Along the way, they greased the skids by pouring buckets of money into

Gregor Robertson’s now-dying Vision Vancouver civic party

Robertson is now a sad figure, his legacy a shambles, his term up in October,

Even his celebrated relationship with his glamorous girlfriend,

Chinese pop star Wanting Qu, fell apart last year.

Qu’s mother, a Communist Party official in Harbin,

Remains on trial on charges of embezzling $70 million in a land swindle.

Qu’s mother should of stayed in Canada

[ It’s called good business here ]

British Columbia’s international reputation as

“a jurisdiction where the rules do not apply to white collar crime, fraud,
Tax evasion and money laundering,

Maybe this is the reason why

Where even if the rules do apply, enforcement is absent.”

British Columbia Premier Christy Clark said

Fifteen global investors are already doing big business in B.C.,

Our government will introduce legislation in the fall to help convince new,

Major investors from China to come on the board, Clark added.

She outlined a list of reasons why the room should view B.C.

As a very safe harbour for investment and your money

Explaining the government looked to Asia after its biggest trade partner in the
U.S. reeled during the economic crisis of 2008.

She was asked later about what the government is doing to regulate or
Vet investors to ensure the money filtering into the province is legitimate.

Premier Christy Clark said

“We don’t regulate the private sector from that perspective in British Columbia,”

She told reporters,

“We only regulate to ensure that we are looking after the environmental and
Social needs of the province.”

Is this why

Vancouver is Number One in the world for

Laundering Drug Money through BC. Real Estate

Vancouver is know as the

“a jurisdiction where the rules do not apply to white collar crime, fraud,
Tax evasion and money laundering,

A former Metro Vancouver realtor who has been leasing luxury properties to 

Charged with international money laundering.

Took over

B.C.'s largest retirement home chain of 24 retirement homes

In BC. in November 2016.


A suspected international money-launderer who was arrested last month

At the River Rock Casino will be deported back to his home country

Her government was toppled last year by

John Horgan’s New Democrats.

With at least 200,000 Chinese immigrant investors 

Sloshing their moneys around

Metro Vancouver real estate over the past few years, federal politicians, too

Have been more than happy to rake it in at cash-for-access soirees and in generous donations to election campaign war chests.

This Asian money is so Important to the Economic Growth of BC.

“His mission to China, South Korea and Japan is about establishing new

Government-to-government relationships and expressing that

Under John Horgan’s New Democrats Government

BC is still a safe harbour for investments and your money

This is the same trip that Christy Clark made in 2015

In a bid to lure more Chinese investment into the province,

British Columbia Government has billed Vancouver

[ BC. is know as Asia west ]

Documents obtained via a freedom-of-information request reveal that an

October 2015 trade mission to China

Premier Christy Clark was joined by at least three real-estate companies

It is important to note that the “immigrant investor program”

That Premier Christy Clark took with her

Also know as the Citizenship-by-Investment Program

Which effectively sold Canadian Residency,

And created devastation in the BC Housing Market still continues today

For Premier Christy Clark’s Liberal Party.

“It’s was a brilliant financial strategy for the Government,

John Horgan’s New Democrats Government

Is still cashing in today.”

Metro Vancouver Real Estate is a Gold mine

The huge volume of Mainland Chinese multimillionaires who are coming to

Metro Vancouver to buy property is out of proportion to the 

City’s relatively small size,

Some are paying 50% or more over asking price

Some Homes went for one , two million over asking price

Realtors in Vancouver came under question 

For advertising property information in China, 

Before the same opportunity to buy was advertised in Canada.

Information about B.C. properties for sale

Translated into Chinese from the Multiple Listing Service used by agents

Was published through a Shanghai-based company

To give new clients a jump on bidding,

According to the Victoria Times Colonist report on April 13.

Making this a real Gold Mine for our Government and the City of Vancouver

Because of this

City of Vancouver said homes have gone up over 250%

National Bank of Canada economist Peter Routledge has “hypothesized” that

Vancouver, accounting for 33 per cent of the city’s sales.

Premier Christy Clark trip to China

It was the most expensive at $289,191.

It included $60,056 for the premier’s entourage travel costs.

The biggest item was $176,101 for meetings and functions.

Unspecified sponsors kicked in another $132,838 for those events.

The Government Plan

“Is geared towards people bringing money in from offshore.”

That’s profiting in properties as commodities not Homes

With over 200,000 wealthy foreigners,

Many of whom wanted nothing more than

“passports of convenience”

As permanent residents,

They are Canadian Citizens

They are entitled to all the social -benefits

Including health care- that those taxes might pay for

OR

They declared lower incomes than refugees.

Plus they get Canadian Citizenship so

These people are 100% Canadians

Because our Government

Caters to this particular already privileged set of people

No foreign buyers tax can touch these people in “immigrant investor program”

That are profiting in properties as commodities

Because of our Government

The Globe and Mail, in a 2011 investigation,

Found a striking willingness to engage in fraud by consultants working with

Immigrant investors to Canada.

Of 22 contacted, more than 80 per cent offered to help doctor documents,

Including many who promised to make even past prison sentences disappear.

Jason Kenney, then the immigration minister,

Acknowledged that “crooked consultants” were a problem for the program.

Christy Clark has resisted aggressive intervention in a hyper-inflated market

That’s soured the dream of Home Ownership and Rents for non-millionaires.

Why did Clark fiddled while the market burns?

Maybe it’s the $12 million donated by

Real Estate Tycoons and Property-Development Companies to

Clark’s governing Liberal party over the last decade.

But here’s another reason

Clark might not want to spoil the real estate profit-palooza:

Maybe this is why you can

Kiss Affordable Housing and Rents Goodbye Forever

It’s

The vast sums of money flowing into government coffers

From just the property transfer tax.

Asian Money is so Important to the Economic Growth of BC.

John Horgan made his first trip to Asia since being elected B.C. premier

When a B.C. home is sold, the government takes a percentage cut.

The higher the price, the more the government collects.

With house prices soaring, the government is making a transfer-tax killing:

An astonishing $1.49 billion in the last fiscal year,

A 40-per-cent increase in one year.

The transfer-tax take was $562 million more than

The government budgeted at the start of the year,

Allowing the Liberals to balance the books

This is a Gold Mine for our Government

That's why

John Horgan made his first trip to Asia since being elected B.C. premier

It gave Christy Clark a key re-election talking point.

How big is this pot of money?

It’s more than the government got from lotteries and casinos.

More than the carbon tax.

More than tobacco. More than liquor.

More than royalties from forestry, mining and natural gas combined.

As the government rakes in money from real estate sales,

Clark says she’s worried about taking steps that would reduce home prices and erode existing homeowners’ equity.

Polls and demographic studies suggest those 

Homeowners are more likely to vote and vote Liberal.

“Rich Homeowners were much more likely to vote than renters

71 per cent versus 54 per cent,” concluded a 2012

Statistics Canada study on voter turnout rates.

“Rich Homeowners tend to have lived in the area longer,

So they are more familiar with the candidates and where to vote,”

Explained pollster Greg Lyle of Innovative Research.

The same Stats Can study said older, wealthier voters

(who tend to be homeowners) are also more likely to vote than

Younger, less-wealthy voters (who tend to be renters).

“Renters tend to be more likely to support parties on the left,

While homeowners are more likely to vote for those on the right,” Lyle said.

In other words,

Rich Homeowners show up on election day more than renters.

And Rich Homeowners tend to vote Liberal to boot,

While renters tend to vote NDP if they bother to vote at all.

Is it any wonder Clark doesn’t wish to anger homeowners

Who now represent a crucial

Liberal voting bloc across a Metro Vancouver

Packed with critical swing ridings in the election?

Watch for Clark to continue to protect the interests of existing homeowners,

As the red-hot housing market increases their equity and pumps more

Millions into the coffers of the Liberal party and government. today

Vancouver should be one of the Richest Cities in the world but

Because Quebec, alone among provinces,

Admits thousands each year,

Collects the millions in “fees” for doing so,

This is how over 46,000 wealthy immigrants took a back door into

If each of these households owned

One benchmark single-family home,

Their financial impact on the market would be just over $24 billion

An estimated 67 per cent of the Vancouver market in a single year.

So as long as that narrative continues to play out,

For our Government and the City of Vancouver Higher Prices

Means the more the Government Collects

For our Government and the City of Vancouver this has to continue

Maybe this is why the BC. Government and the City of Vancouver are

Pushing Housing and Rents beyond the reach of Non-millionaires
[Working People]

If people can’t afford to Work or Live in Vancouver,

Vancouver's university-educated adults earn the lowest wages on average in

Canada’s 10 largest cities, .

Many are “disillusioned” and leaving the City

from $10.45 to $10.85 an hour on Sept. 15 / 2018

30 cents more than an original slated increase indexed to inflation.

Metro Vancouver has risen to $20.68, up 58 cents from 2014.

For the year 2018, the city of Vancouver will reward developers

If the starting rates for their “for-profit affordable rental housing”

in the West End are as follows:

$3,702, three bedrooms;

$2,756, two bedrooms;

$1,903,one bedroom;

$1,646, studio.

In East Vancouver, the rates are:

$3,365, three bedrooms;

$2,505, two bedrooms;

$1,730, one bedroom;

$1,496, studio.




http://www.britishcolumbiahousing.com/

http://www.bcresidentialtenancybranch.com/

http://www.residentialtenancybranch.com/

http://www.residentialtenancybranchbc.com/

http://www.residentialtenancybranch.ca/

https://vancouversrentalboard.com

http://www.vancouverrentalboard.com/

http://www.rentalboardbc.com/

http://www.bcrentalboard.com/

http://www.helpstopkangaroocourtsincanada.com/

http://www.vancouverseviltenant.com/

http://wwwrentalboard.com

http://www.residentialtenancyboard.com/

http://www.cityofvancouverhousing.com


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Vancouver is one of the most Beautiful Cities in the World You can go Swimming and Skiing all in the same day Or you can sit in a c...