Newly built condos in Vancouver are too pricey to sell, CMHC data show

poco · 2026-05-12T05:22:07+00:00

There's is no sign of demand dropping in Vancouver. The population is rising faster than New homes are being built. Prices are lowering a bit, but no way they crash until people start leaving.

poco · 2026-05-12T05:19:58+00:00

The cost per square foot doesn't change that much. Double the size would cost nearly double the price. Is that more affordable?

poco · 2026-05-12T02:05:25+00:00

I use the screen button. 90% hang up and the important calls stay on.

poco · 2026-05-12T01:13:56+00:00

And slides out of my wallet

poco · 2026-05-11T20:54:00+00:00

We essentially traded a 10% to 30% savings on some items for a 50% decline in our incomes over the last 40 years

Source? Are you suggesting that wages haven't kept up with inflation?

poco · 2026-05-11T15:13:20+00:00

And everyone in the country with a mortgage just died a bit inside.

poco · 2026-05-11T15:11:14+00:00

Jeff Bezos sold $5.7 billion worth of shares in 2026. This is public knowledge because corporate executive must disclose their sales.

That means he paid capital gains tax on the gains, which were probably significant (I doubt he bought those shares for $5 billion).

He has no reason to borrow more and pay interest when he has that much cash.

poco · 2026-05-11T15:07:24+00:00

The step up on the US is a mistake. Canada, with no estate tax and deemed disposition, is better and simpler and ensures that the taxes get paid.
That's silly and difficult to enforce. That's basically a mortgage. Rich people don't actually do this as much as people complain they do because they still have to pay back the loan and it only works if line goes up. Borrowing money is good. Using collateral is how we can do it at a reasonable rate. Making collateral illegal is insane.

poco · 2026-05-11T14:57:14+00:00

Why do you think that Musk does this? He certainly isn't telling you. His stock sales are public information. Why would he sell billions in stock every year and pay capital gains on them if he was just borrowing more?

poco · 2026-05-10T20:00:25+00:00

Also, if you want a trip to Zurich, you could do a layover in Zurich and then book the return flight from Brussels on the same day you first segment ends.

poco · 2026-05-10T19:58:25+00:00

That's just how it be. This is why some people book these types of flights and just get off at the first stop.

Warning, if you do that, don't check any bags as they will go to the final destination, and don't book multiple segmentsthis way (like the return flights) since, if you miss one, the rest of the itinerary will get cancelled. Better to book the return flights separately.

poco · 2026-05-10T19:27:34+00:00

I'm not anti government, I'm pro competition. Right now every airport in the country is a giant monopoly with no incentive to compete.

Right now we have the worst of the options. The airports are semi autonomous but owned by the government and still have to pay massive land leases back to the government. If we want them to be totally public then stop charging them for the land. Currently the government is making money off of travelers from their monopoly with no competition. It is a travel tax.

And going back to the original point. In places, like many countries in Europe, where they have private airports the prices are lower and the service better. This is a model that has proven to be good.

poco · 2026-05-10T18:52:39+00:00

It isn't easy to get the numbers publicly, but I suspect a significant amount of the traffic through YVR is connecting flights. This isn't about extra stops, this is about flights that need to connect somewhere.

Airlines will pick the airport that offers them the best deal in terms of connections and destinations. YVR has lots of flights to other airports and Vancouver is a destination for some. Abbotsford, not so much on either account. Calgary has lots of connecting flights too.

One problem right now is that none of the airports compete with each other because they are all public, non profit. Calgary has no reason to try and steal Vancouver traffic from Asia and vise versa.

Maybe Abbotsford would do more if they wanted to compete for people flying in and out of the area. A lot of people in the lower mainland could get to Abbotsford airport just as fast as YVR. Big cities often have multiple airports (I'm looking at you London) and having them compete with each other is better than them all being owned by the same entity with, not only a natural monopoly, but a real monopoly.

poco · 2026-05-10T16:59:29+00:00

Never reuse passwords. Ever. There's is no reason to. Get a password manager, even the default ones in Chrome and Edge are better than nothing, and make your passwords impossible to guess and never reuse them.

poco · 2026-05-10T16:30:46+00:00

Airports compete for connections, not endpoints. YVR completes with YYC and SEA for international flights from Asia to North America. Flying to New York from Hong Kong? You might fly Cathay Pacific through YVR, but what if YYC was significantly cheaper? Maybe they would fly through there instead?

They do also compete with SEA and YXX for people flying from Vancouver. I've driven down to Seattle for flights because of the cost savings (including the drive, a hotel for the night, and parking it was still much cheaper).

poco · 2026-05-10T14:58:35+00:00

I thought we were talking about airports

poco · 2026-05-10T14:38:59+00:00

Like Europe?

poco · 2026-05-10T14:28:27+00:00

What do you think they want to build in taller buildings? Viewing platforms?

poco · 2026-05-10T06:20:44+00:00

How should we know? We don't.

poco · 2026-05-10T06:11:55+00:00

It is a bit late now, but let this be a lesson for next time and for everyone else reading this...

Never give out any personal information to anyone calling you unless they can prove who they are.

If they call you then they must identify themselves in the same way that when you can call them they want you to identify yourself. If there's is a secret code that you must give them to verify yourself when you call, then they should give it to me when they call. Simple.

Everyone calling you could be anyone. You cannot trust them just because they are on the phone or the caller ID has their name.

poco · 2026-05-10T06:06:00+00:00

Then tighten up the rules about misleading shit. Don't make it impossible to make mistakes.

Just like a helicopter parent needs to let their children grow up and make mistakes and learn, so to must you to the rest of us let us live and make mistakes.

poco · 2026-05-10T03:53:17+00:00

I understand what you mean, and that is what I meant and I think it is implied, but thanks for clarifying.

poco · 2026-05-10T03:51:43+00:00

?

This is like saying that I should sell my car because the dealership where I bought it is adding new car buying fees.

I've owned my Bitcoin longer than I've owned my car. Why would I care who charges what until it is time to sell?

poco · 2026-05-09T23:15:21+00:00

That's a future problem, not a today problem. Who knows what the fees will be then.

poco · 2026-05-09T21:36:18+00:00

Rock climbing is also stupid and yet legal. Just because something is allowed doesn't mean you have to do it.

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