This is not your first comment here. It is merely your first comment under your current pseudonym. You have commented previously under the names Zhang, Ketchup Chips, Frank Diesel, and others. Speaking of trolls, showing up under multiple screen names to bash the website and dole out insults while making zero contributions to the discussion sounds pretty trollish to me.

Having said that, while there is a lot of bad sh!t that comes out of China, there’s also a lot of good sh!t. However, that does not give China a free pass to do their corrupt activity at other’s expenses. Canadian Real Estate being one of them. The Chinese are covert operators. They’re passive aggressive. They do things on the down-low by learning the rules and then finding ways to bend or break those rules, undetected, without ruffling too many feathers. Like fudging timber numbers, injecting gelatinous goo into shrimp, laundering real estate money, building mysterious new islands in the South China Sea and declaring it their territory, or running a cash-only business from their basement without declaring income to Canada Revenue. Again, the good things that come out of China should not excuse the bad things. China needs to play by the same rules as everyone else. Race is not the issue. Cultural norms on corruption and ethics are.

Yes, he is a Chinese troll. He likes to thump his pale little chest with his miniature hands from behind the safety of his computer screen. Trigger him easily with any mention of a verifiably corrupt China and he’ll pretend he’s got an army behind him LOL. What a sad little Millennial child. Go back to playing Fortnite and Battlefield and eating mommy’s chow mein.

@Justin Thyme – Hahaha China has firmer moral grounds than the Trump government?? Explain Sino Forest then. Chinese dudes start a Canadian shell company in Vancouver claiming they own X amount of timber…and then when people actually look at their cooked books, they realize, nope, no timber, all fudged numbers…whoops sorry investors! Classic pump-n-dump scheme. Classic China.

You can stop defending your corrupt China countrymen now. It just looks childish and sad. Accept the reality that they play by different imaginary rules and they’re sketchy. Heck, just the fact that Chinese shrimp producers individually inject their shrimp with some clear gelatinous ooze (which they claim is safe) just to increase the weight of their catch is beyond violation of any food health codes. Whenever I hear the word China, I raise one eyebrow, and so should you.

Furthermore, I once worked for a Chinese businesswoman who ran an entire business out of her house based on cash under the table. She was also an accountant. She obviously didn’t declare any income on her taxes. Ironic? Classic China.

And that’s not being racist. That’s making observations based on FACTS and ACTUAL EVENTS. The Canadian government is so scared to call them out on it because they would damage international relations because they love their illicit Chinese money in all the forms that it pads their bank accounts.

Honestly, I’m thinking the exact same thing. The RE purchases during the later years were probably refinanced due to the booming RE market. It’s the initial purchases that raises the big question and how exactly they got the $6M out of China. One possible solution may have been through cryptocurrencies, which were not well known at the time and transactions were possible.

And about as narcissistic as Trump, if that is even possible.

Blue, is that you?

What makes you think 2.5% is ‘taps off’? If 2.5% is accurate, it’s probably still a decent marginal demand level to keep the party flowing. Remember that it’s cumulative. Vancouver has been sold at 2-6%/year for the past 15 years. Since much of that is buy and hold, the offshore-owned stock percentage continues to climb. It takes very little marginal demand to keep the prices high.

If the offshore demand became offshore selling, even a few percentage points, then you would have a serious collapse, since local incomes cannot support the market in any way, shape or form.

JT, you’ve said some stupid things here, but you just topped them with that one. There has never been a communist dictatorship to stand on any sort of moral ground whatsoever. Such a thing does not exist.

I think Justin needs to take a nap. Lol…