quote:

Location, Location, Location! This centrally located home sitting on 1/7 acre (50 X 124) is minutes from Downtown, freeway, schools, shopping and transit. Livable house and workshop can be rented. Build now or hold as neighborhood is developing quickly. Appointments anytime.

Cultural Imperial posted:

https://www.realtor.ca/Residential/Single-Family/16434147/1828-GRAVELEY-STREET-Vancouver-British-Columbia-V5L3B3



$1,488,000

Somebody is going to buy all of this poo poo. I'm not even mad.

Cultural Imperial posted:

https://www.realtor.ca/Residential/Single-Family/16280957/2750-E-1ST-AVENUE-Vancouver-British-Columbia-V5M1A7



This house is right on a defacto highway.

$1,398,000


https://www.linkedin.com/in/lora-pecchia-renzullo-09626742

The face of vancouver's economic engine.

Grand Theft Autobot posted:

That listing lol

"A livable house."

Perfect. You know, being able to live in it is my number one priority when choosing a house to live in. And facing a highway you say? How convenient.

Grand Theft Autobot posted:

That listing lol

"A livable house."

Perfect. You know, being able to live in it is my number one priority when choosing a house to live in. And facing a highway you say? How convenient.

Grand Theft Autobot posted:

That listing lol

"A livable house."

Perfect. You know, being able to live in it is my number one priority when choosing a house to live in. And facing a highway you say? How convenient.

Fuzzy Mammal posted:

Has anyone seen the big short yet? It feels very Vancouver.

quote:

Celda 17 points 21 hours ago
No, you are doing the math wrong.
If you rent, you are paying $800 a month and getting nothing in return except a place to live. That $800 is just gone.
If you buy $500K condo and get a $400K mortgage (for example), then now you're looking at $1,000 a month in mortgage interest, $150 a month in property tax, $150 a month in maintenance, etc. That isn't including the principal that you're paying off - that's just the money you're throwing away for nothing other than having a place to live.
And - then you have the opportunity cost of the money that you're paying into extra housing costs that you would otherwise have if you were renting. That extra $500 a month could have been invested into index funds getting you maybe 6 or 7% per year.
When we run the numbers, we are not coming out ahead even for a cheap condo that's 250K. A condo would have to be under 200K for it to be financially wise for us.

etalian posted:

How expensive are rents in Vancouver?

Furnaceface posted:

Last report from the CMHC I read had Vancouver at 4th most expensive city to rent in Canada at ~$1100/mo for 2 bedroom apartments. Might have gone up a bit since then.

Cultural Imperial posted:

https://www.reddit.com/r/vancouver/comments/3y8p2j/do_you_think_buying_an_apartmentcondo_in/

Holy moly vancouverites are *dumb as gently caress*


hey look it's reverse centaur

HookShot posted:

idiots for not buying back in like 2004 when we were 13 years old like he did.

quote:

HSBC on Canada, “there is evidence that non-resource sectors have recently lost momentum.” https://t.co/21inc7fJjA

MikeSevigny posted:

I saw it for something like twelve bucks a pint at Rootcellar once. Even by local standards that's a lot for (admittedly pretty good) ice cream. I was surprised at the time that there wasn't much labelling on the product, either.

I hope she works something out, she always seemed very nice at the farmers market and I feel like most of the customers who want her really weird flavours just go to her directly anyway. I doubt the save on foods was ordering a lot of pine cone crunch to begin with.

quote:

Add robots to the list of woes killing jobs in Canada’s oilpatch

Truck driver Craig Huzulak is unemployed after losing his job four times since December — the new normal in a Canadian oilpatch still reeling from a downturn.

Huzulak, 49, was working at a mine last year near Fort McMurray, Alberta, when crude prices plunged and work dried up. He lost two more positions in the following months and then had a job offer yanked at the end of June before he could even start.

In addition to the market rout, the father of two now worries about the self-driving trucks Suncor Energy Inc. is rolling out in its oilsands mining operations that will replace workers like him to save companies money.

“It’s really, really hard for heavy-equipment operators,” said Huzulak, who has driven trucks and worked on drilling rigs in Western Canada for 15 years. “There’s a lot more fear now that this might last longer.”

The burgeoning use of robots is one more reason there probably won’t be a quick jobs rebound in Canada’s energy industry as it grapples with cheap crude, tougher environmental controls, higher taxes and elevated costs.

The shelved projects and job reductions are helping to shore up the balance sheets of companies. They’re also a reflection of the upheaval weighing on producers’ stocks as they strive to keep projects competitive.

Jobs have disappeared as the U.S. crude benchmark tumbled 54 per cent from last year’s high to about US$50 a barrel. Unemployment doubled to 8.2 per cent in June from a year earlier in Alberta’s northern oilsands region. That may be just the beginning.

Canada will lose 185,000 positions due to the energy slump, according to projections from Petroleum Labour Market Information, a division of work-safety association Enform, in Calgary.

The industry had been a jobs machine, with more than 720,000 people directly and indirectly employed last year, according to the group. Employment in the country’s oil and gas, mining, forestry, fishing and quarrying industries increased 32 per cent in the last 15 years, compared with 22 per cent for jobs nationally, according to the federal statistics agency.

“The industry right now is simply thinking that we are in a new world,” said Greg Stringham, vice president of markets and oil sands at the Canadian Association of Petroleum Producers. The group last month cut its outlook for the nation’s crude output in 2030 by 17 per cent.

Suncor, which eliminated 1,200 positions this year, plans to save $200,000 annually for each of the 800 truck drivers it replaces with autonomous vehicles by 2020, Alister Cowan, chief financial officer, said at an investor conference in June. Husky Energy Inc. is saving money with a walking drilling rig, Chief Operating Officer Rob Peabody said at the conference. The rig doesn’t need workers to tow it from one spot to another.

The replacement of workers with machines is on top of slower growth, as companies scrap or delay projects.

“We think because this environment is unpredictable, that we can’t afford to be building five different projects simultaneously,” said Harbir Chhina, executive vice president of oilsands at Cenovus Energy Inc., which has cut about 800 positions this year. Instead, “we build two of them.”

North American energy companies, and their stocks, are in for another tough year-and-a-half of low oil prices, as global supplies are poised to increase faster than demand with a wave of production set to come from Iran, said Sam La Bell, an analyst at Veritas Investment Research in Toronto. U.S. producers also have an edge over the Canadians in attracting investment because their oil is generally lower cost, he said.

“Companies are going to be reluctant to hire people back quickly,” La Bell said. “The trend line for North America for any of these swing producers is pretty much that anyone outside of OPEC can’t make money below US$60 in any steady way.”

The Standard & Poor’s/TSX Energy Index is down about 19 per cent since the beginning of May, compared with a 14 per cent decline for U.S. peers on the S&P 500 Energy Index.

Production forecasts may still be too high for Canada, as the world shifts away from carbon-heavy fuels with vehicles increasingly running on electricity, said Michal Moore, an economist and the director of energy and environmental policy at the University of Calgary. He predicts only half the Canadian jobs lost in the rout will come back in a recovery, because of slower output growth, consolidation among companies and machines replacing workers.

“The industry in a lot of different ways has fundamentally shifted, and there are a lot of dinosaurs left out there who don’t see it and can’t imagine it isn’t going to all work out,” Moore said.

Cultural Imperial posted:

https://twitter.com/SBarlow_ROB/status/681096733397532672?s=09

Guigui posted:

An informative post

Guigui posted:

Another challenge, is that mixing psychotropic

B33rChiller posted:

Thanks for the insight, but I think you missed a couple keystrokes in this part:

Maybe it's autocorrect's fault. Shouldn't it be psychrotrophic? (Thanks for making me learn a new word today)
Pretty sure HC and CFIA frown on putting mind altering substances in desserts.

FB posted:

jm20 posted:

jm20 posted:

Picture

Helsing posted:

Oilpatch Bust 2: Rise of the Machines


That last lines feels like it could apply to more poo poo in this country than just energy companies in Alberta.

etalian posted:

The price crash for the energy will also encourage even more automation and other labor cost cutting measures for the energy industry.

quote:

How difficult is it to understand the words "flood plain"?