Be McWilliam Homes

For those that can't wait to shell out big bucks on property taxes every year . You are blessed again with larger bills!

Remember 2019 monthly sales were some of the lowest in vancouver history

Bravo! Long overdue. The community should have never danced with Maple Ridge on parks matters. Huge mistake from day one!

We have lift off. Buckle yer' seatbelts and enjoy the ride uppa uppa and away... FXHedge@Fxhedgers 10YR YIELD 1.01%

At such a slow rate of inoculations across the Province, BC would be better off enlisting the boy scouts and brownies to kick start the program. They would put in some dedicated efforts and energy into protecting their grandparents and family members far more effectively

Now you have to put with them all over again along their significant others and off spring. There is a sure fire way to ruin your retirement. One million adults plan to move back home

The First US downturn in the 1990's was when the Savings and Loans shops went bottoms up in the mid 1990's This is about where Canada's Credit Unions could find themselves with all the loose lending that has gone on for decades. Certainly a lot of Credit Unions have packed it in

This is what happens when reality bites you in the ass. Your best laid plans go up in smoke especially when the governments have their hooks into you all the non declared income over many years from illegal suites and B&B rentals. Ha Ha!

This is what happens when you have bet the farm and all the animals

RUN GLOBALISTS RUN! DouglasTodd@DouglasTodd Congrats to @kathytomlinson. She has tracked down #internationalstudents & foreign workers who've been told by #immigration advisers to "buy fake jobs" to get permanent resident status in Canada. Kathy shows Ottawa does not care. #CDNimm #CDNpoli #BCpoli https://vancouversun.com//douglas-todd-fake-jobs-help-fas/

Sounds like a good way to screw over the population. Make them pay too much for a home over a longer period of time. Steve Saretsky@SteveSaretsky Denmark unveils 20 year mortgage at 0%.

Funny how the banks and politicians stack the mortgage rates against buyers who get duped into shelling out big bucks for places over a longer period of time.

ac_eco@ac_eco Replying to @ac_eco Current status of Toronto Rents -> Free Falling This investor accepted the new Toronto rental reality & took a massive haircut of $1000/month or a 30% drop in revenue Who would have thought neg cash flow may be the prick that bursts the bubble!... Low rates dont help! # cdnecon See more

Be careful there are no homeless camped out behind the building

RUN FOR COVER! KABOOM! Hutchyman@Hutchyman "sales in Vancouver are dropping big time. Compared to record highs in August, early numbers for September show a ...steep decline in transactions ... demand is largely spent, the markets momentum is expected to decelerate in the fall."#vanre@carlitopablo https://twitter.com/Hutchyman/status/1309588041120407553 See more

This is the main strike against the success of condos in downtown Maple Ridge, a drug problem is everywhere. What senior or young person wants to live around this?

Public Citizen@Public_Citizen billionaires love donating 0.0000043% of their wealth to problems they personally exploited in order to amass their fortunes

History shows when condos are overpriced they don't sell and sooner or later developers turn them into rentals

Another shining example of Coquitlam rushing to approve development while leaving the most vulnerable to fend for themselves. VOTE OUT THE BC NDP!

The shortage in student housing was never addressed by the BC NDP in all the years it was in government

Speculators are in for a rude awakening when the prices correct.

Get ready to Vulch. Toronto always drops first. Vancouver drops six months later.

Never count all your chickens before they hatch. Aging populations and increasing deaths across the country will empty out neighbourhoods faster than you think.

Remember it was shown by the Parliamentary Committee that Trudeau and others used public tax dollars to boost their own fortunes under the guise of public programs. Totally illegal and should mean jail time.

People are seeing better returns from stocks like Tesla so expect the downturn to continue National Post@nationalpost Canadians enter 2021 on wave of optimism thinking worst is over

STILL STICKING TO MY EARLIER PREDICTION THAT BY THE TIME THESE MARKETS ALL SIFT OUT - WE ARE LOOKING AT EARLY 1990'S PRICING. ALL THE PRINCIPAL, INTEREST AND TAXES WILL BE FOR NOTHING. BC BOOM AND BUST AGAIN AS IT HAS SO MANY TIMES IN THE PAST.

People must have got the memo - don't count your chickens before they hatch Stephen Punwasi@StephenPunwasi Crap. The market is down almost 2%. Why haven't they thrown another trillion dollars at it yet?

Old broken down cars have shot up in value - doesn't mean anyone wants to own or maintain them. The same is true with old houses and condos. The monthly costs to own, repair and maintain them kill your funds

KABOOM! RUN FOR COVER! ALL THAT WORK AND YEARS OF SAVING ALL FOR NOTHING! https://www.cbc.ca//calgary-housing-prices-data-cmhc-stats

Ridiculous how anyone could feel a plot in the ground or a spot in a wall is an estate.

"Despite a recession, joblessness and massive uncertainty, families have been taking the plunge. Its weird. Emotional. Probably dangerous. CHMC still thinks so. The federal housing agency said it again this week. When I look at the housing market there are a tremendous number of risks, warns chief economist Bob Dugan. Im not convinced that we have a sustainable basis for housing demand in the economic disturbance thats going on related to COVID-19. Thats why I say I stand by the forecasts." https://www.greaterfool.ca/2020/09/22/chill-5/

PUCKER UP AND KISS IT ALL GOOD BYE! Mortimer@mortimer_1 KABOOM! Originally tried to sell for a $2.1 million gain in 2018.. Ended up with a $1,320,000 loss (+ expenses)... Wiltshire St, Vancouver Sold for $7,180,000 Bought 2016 $8,500,000 2019 Assessed: $6,823,000 2018 Assessed: $7,781,000 "Owner" occupied twitter.com/mortimer_1/sta See more

Brad West@BradWestPoCo Not surprised at all by the # of politicians caught far from home. Elitism permeates the political class, they think they’re better, rule...s are for the people they govern. The examples of this are many, policy & otherwise, but this has hit public nerve. Don’t stop here. See more

Being house rich but cash poor is no way to live.

GET READY TO VULCH! xelan@xelan_gta Toronto Condo sector continues weakening due to the added supply. Demand is currently relatively strong so any demand shock will cause MOI to ... Very dangerous setup for Toronto condos. https://twitter.com/xelan_gta/status/1308522790241349650

Let China build its own free market economy under communist rule. Let's see how well that goes! Who else is tired of China's whining?

Andrew Wilkinson@Wilkinson4BC The campaign bus sure looks different this election. h #COVIDCampaignBus #bcpolittps://twitter.com/i/status/1308179562996666369

Get ready to Vulch! Travis Kimmel@coloradotravis My recent bearishness is wrong, this is obviously a new paradigm.

INSANITY Hutchyman@Hutchyman #vanre "Two trillion dollar's worth of transactions ... HSBC is one of several international banks whose name appears most in the cache ... HSBC continued shuttling funds through to accounts in Hong Kong months after it was warned about the Ponzi scheme"... https://twitter.com/Hutchyman/status/1307922165560295426

It is a sad and tragic day for our country that 140 members of the U.S. House, 13 U.S. senators and a defeated president are attempting to undermine American democracy and the U.S. Constitution. They will not succeed.

NOW YOU KNOW....

How dumb does the governments think we all are? Rohana Rezel@rohanarezel .@CityofVancouver wants you to live in a 600 sqft condo with windowless bedrooms and take the bus to work.... https://thinkpol.ca//vancouver-city-manager-runs-thriving/ #vanre #vanpoli #YIMBY

Where is Canada's Prime Minister? On Vacation again?

My wife hits the nail on the head! What is going on is Absolutely irresponsible! Although , yes, there are a great deal of people that are following the covid r...ules, restrictions etc.....there are a lot of covidiots that are not! Unfortunately, it wont be until their spouse, child, parent, best friend or Grandparent dies of this, until it sinks into their heads, or maybe not even! I think the Governments both Provincial & Federal should do a lot more then they are doing re restrictions, because they can not just assume everyone is being honest, quarentine after exposure, travel etc..there is no way to enforce this. People are having parties everywhere, testing positive for covid, but not being honest about the results. What is the common denominater re the care homes?. THE COOKS, THE HOUSEKEEPERS, AND THE CARE AIDES!!!! Its not rocket science. Also, it is a huge contradiction in B.C on the health briefings, making a huge deal re your household bubbles, no one outside your house etc...meanwhile there have been hundreds and hundreds of flights, and thousands of people flying into Canada and B.C. over the past month from all the places with a high rate of covid: Ontario, Quebec, USA, India, China, UK etc..etc.. and they are wondering why the numbers are going up? SERIOUSLY? Ground all travel, except, for medical reasons, and services, International, or from Province to Province until everyone is vaccinated. So what if family gets upset that you cant visit, that is what skype, facebook, email, letters, zoom, facetime and phone is for. Better to miss 1 year not seeing them , then maybe never being able to see them again if they get covid. Better safe then sorry. Sorry for the rant, just am upset about all of us that are trying hard to follow all the rules, and everyone out there turning a blind eye...when people are dying ! See more

To put elderly citizens in a state of worry for their health on voting day due to his political aspirations is disgusting Richard Zussman@richardzussman Just s...poke to one of John Horgans constituents. Piss on an election was her comment when I told her what was going on. #bcpoli #bcvotes Replying to @richardzussman See more

Foreign students should not be used to drive housing shortages and goose demand. Universities and Colleges should be building on campus housing to accommodate the students from other places. Every body else should not have to pay. Time for them to step up and take responsibility for where their students are going to live. https://www.afr.com//the-pandemic-s-potential-232-000-hit-

#yougetwhatyoupayfor Lets get back to Canadian standards of care, in house management and people who can communicate effectively with patients and elderly in care.

The public institutions, the colleges, universities and other post secondary schools which have boosted enrollment of foreign students while not investing in ho...using for the students have a lot to answer for what has happened in the housing market in BC over the past 20 years. They have profited immensely while everyone else has had to suffer and be out of pocket BECAUSE OF THE IMMENSE HOUSING SHORTAGES THEY HAVE CAUSED. You watch!.

You deserve a lot for your money. Don't let Realtors or anyone else ever fool you in Canada. Never pay more than you can afford to lose.

ac_eco@ac_eco Wouldnt touch Toronto real estate unless I had money to throw away or was looking to gamble. Actually did quite well in real estate over the past 5 yrs, much better than had I invested in Toronto Still enjoying the time in the sun https://twitter.com/ac_eco/status/1308004550125780992?s=20

Diamond in the rough There is no justification for insanely high home prices anywhere in Canada. Don't let Realtors or anyone else ever fool you

The Reckoning Begins@TimeofRevealing Housing Market is "Booming" just don't mind the fire sales and panic selling everywhere https://twitter.com/TimeofRevea/status/1307931810198728704

There is no justification for insanely high home prices anywhere in Canada. Don't let Realtors or anyone else ever fool you

THIS IS WHAT HAPPENS WHEN THE MARKET CORRECTS xelan@xelan_gta Investment in pre-construction condos comes with risks.... Quote Tweet FIVRE604@FIVRE604 Replying to @FIVRE604 @ronmortgageguy and 14 others Imagine walking away from a 20% D.P. I guess if you're on the hook for possibly another 26% in tax on completion https://twitter.com/xelan_gta/status/1307882176982257664 See more

There are urban renewal opportunities like this available throughout North America

NEVER PAY MORE THAN YOU CAN AFFORD TO LOSE Quote Tweet Takurua @Takurua2... 17h Hey Vancouverites who think youve earned your $$$$ #VanRe by buying at the right time. Without drug money & money laundering your houses would be average housing, not the second highest priced compared only to HK. Show this thread See more

Only idiots compete with speculators. Rent your way to riches! mysocalledlife@mynewlife2017 Replying to @TOCondoCrash They LOSS ~$108K VS renting for same perio...d! Good R/E investment - NOT! *$20K LOSS *$35K R/E comm + GST *$26K LTT *$5K reno *$17.1K differ b/t mort/carry cost ($3.1K/[email protected]%) VS rent ($2.2K) x 19m *$5K legal fees PLUS $1000s to break mortgage contract! #ToREFail #TOHousingCrash See more

Canada in the new Cold War@Plan200_ca See @kbolanand @scoopercoopers overnight tweets about the Chinese Communist Party proxy group/money launderer guy who got ...shot in Vancouver. Note Jins recent anti-Canada work includes training fighters in the name of the CCPs Belt & Road global colonialism project.

CAN'T WAIT FOR THE DAY WHEN BANKERS, POLITICIANS AND BEAURACRATS ARE LED OUT OF THE COURTROOMS IN LEG CHAINS JJ el Vindicado en casa @Schtaunkhauser Sounds like Vancouver. Quote Tweet... H Ahmed@Amexken Money laundering is a crime that makes other crimes possible. It can accelerate economic inequality, drain public funds, undermine democracy, and destabilize nations and the banks play a key role. https://buzzfeednews.com//fincen-files-financial-scandal-c #moneylaundering

He should resign his seat and get a gig with Skip CTV News Vancouver@CTVVancouver Ontario's finance minister has resigned from the position after being criticized for a trip to the Caribbean during the pandemic.

That is the shits eh? REALITY BITES!! ac_eco@ac_eco This condo was just rented for $600 (23%) below 2019 price & ~17% below the 2018 rented price... After purchasing this condo for $650K in 2019, this investors pocket will literally be on Fire from all the neg cash flow ( > $1000/month neg cash flow assume 20% down & 1.99%) #cdnecon ac_eco @ac_eco Sep 18 This unit was just recently purchased for ~689K & leased for $1950/month Assume 20% down & 1.99% rate The condo will sustain $1350/month in negative cash flow A whopping $16K/yr or 2.35% of the condos value in annual neg cash flow Brand new world of condo investing! #cdnecon ac_eco @ac_eco Sep 19 This Toronto condo was recently purchased for $695K The investor is easily ~$1400/month negative cash flow or > 16K/yr - (assume 20% & 1.99% rate) After 5 yrs this investor will have lost > 12% of condos value to negative cash flow alone How can this be sustainable? #cdnecon ac_eco @ac_eco The Latest in Toronto Rents This condo was just leased for a whopping $900 below the 2018 leased price. Revenue just plummeted 32% The kicker is that it still took a month to lease out after taking a massive haircut #cdnecon

Always trust your best instincts. People are focused on saving money - not wasting or losing money. Bloomberg@business Tesla short sellers lost billions more on the electric-vehicle maker than any other company in 2020 https://trib.al/g7HbuYB

THE FISH ALWAYS ROTS FROM THE HEAD DOWN YVR Housing Analyst*@YVRHousing A reminder of an Andy Yan study of west side housing that dug up mortgage details and it... absolutely stunk. If you think Canadian banks haven't abetted small time money laundering at a local level and this certainly has had the effect of goosing demand, you're not paying attention Replying to @YVRHousing See more

Smart people will put it away for a rainy day and wait to Vulch when everything goes off the rails and others become desperate to sell what they could not afford in the first place. Good things come to those that wait.

Keeping the balloon aloft seems to be what every government is trying so hard to do. Guess what no one cares about the game any more. There are a lot of other ways to make money than real estate. Give your heads a shake and look around before you miss out.

NUTS. https://www.zerohedge.com//global-debt-exploding-shocking-

Prices falling like a rock. Rent your way to riches and buy good dividend paying stocks instead. Toronto Condo Crash@TOCondoCrash 43 Whisperwood, Vaughan -Sold Feb 2017 for $968k -Just Resold for $928k -Prev Sold in July 2016 for $790k Sidenote, how good a year was 2016? #GTAtowns https://pic.twitter.com/E84BykoYw0In the latest round York Region semi scrubbingWinking face with tongue

ONLY UNTIL THEY DON'T - THEN THEY CAN FALL REAL FAST LIKE A PLANE THAT STALLS AND LOSES ALTITUDE BEFORE PLUMMETING TO THE GROUND. YOU WATCH! Mortimer@mortimer_1... "A 20+ holding period will remove any downside and Guaranteed Massive Returns"... a different Vancouver realtor... If you can survive the potential negative carry... # vanre Quote Tweet Steve Saretsky@SteveSaretsky Replying to @TravisDowle @ronmortgageguy and 10 others I had a guy call me that is losing $3k per month on a detached house rental property. Prices only go up baby! See more

Forget about buying overpriced homes and rent your way to riches. Wait for the prices to fall and get ready to Vulch

By the time the price gouging disappears - we are looking at early 1990's pricing in the markets at best. No buyer should have to pay for decades of realtors fees tacked onto /built into prices. Never pay more than you can afford to lose

ONLY FOOLS RUSH IN...

Canada is becoming a banana republic faster than ever thought possible. pierrepoilievre@PierrePoilievre When a press release or a hashtag is the end goal of fiscal policy, there’s not much need for a Finance Department.

People are not going to saddle themselves to a huge mortgage for many years. They will rent and wait to vulch after the prices collapse John Pasalis@JohnPasalis "Now, the overall affordability is better with these lower interest rates, and so that's why we're seeing people purchase (homes)" BOC Mortgage payments are lower but if you can only borrow 4X income and homes cost 9X income you need a BIG down payment

Now cross tabulate with home delivery alcohol sales John Flag of Canada #Free2Michaels@johnny_33 Interesting chart...... https://twitter.com/Callum_Thomas/status/1342931485192499200

Nobody wants to pay big bucks to live in a shoebox in the sky any more. Toronto Condo Crash@TOCondoCrash 219 Fort York Blvd, Toronto -Leased July 2017 for $1500 -Asked $1500 around Halloween, no takers it was delisted yesterday... Prev Leased for $1280 in July 2016, then $1200 in May 2013 My 2 cents, why can't it get to the 2013 rate? #TorontoRentCrash https://pic.twitter.com/NI4IY7rV8w See more

Only idiots compete with speculators buy some good dividend stocks instead. SiilyWorkMedia@SillyWorkMedia Replying to @mortimer_1 I strongly believed 2020-2021 ...will be a repeat of 2017-2018. But I am not betting against it. If someone can afford and needs a place to live, See more

Why pay for overpriced real estate when you can make more and have less costs with dividend stocks ? THINK!!!

Gotta' love that! When customers get to screw their own banks out of money!

Only idiots compete with speculators rent your way to riches instead. John Pasalis@JohnPasalis This is a big problem in Canada!... Our government has bent over backwards to support real estate investors both foreign and domestic twitter.com/MarketCdn/stat

KABOOM! RUN FOR COVER! WAIT TO BUY FOR PENNIES ON THE DOLLAR! The Reckoning Begins@TimeofRevealing A wholly debt based financial system MUST expand the debt, which is the economy itself, so when we see this happen, look out below. https://pic.twitter.com/kzpSUpWpwM

That's the shits. Bagholder got burned! Mortimer@mortimer_1 Bagholder confirmed... Lions Ave, North Van Sold $1,880,000... Bought 2017 $2,350,000 2019 Assessed: $1,567,900 2018 Assessed: $1,898,300 2017 Assessed: $1,848,800 #vanre twitter.com/mortimer_1/sta See more

Why buy a house when Tesla stock could have made you a millionaire instead?