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Baronjutter
Dec 31, 2007

"Tiny Trains"

Here's a readable non-mobile link http://business.financialpost.com/news/retail-marketing/help-us-hire-foreigners-or-we-may-leave-canada-lululemon-tells-ottawa

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Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
https://www.facebook.com/FinancialPost/posts/10154628045328594

Femtosecond
Aug 2, 2003

Maybe we should zone part of kits for exclusive yoga accessory research to incentivize them to stay.

Furnaceface
Oct 21, 2004





Clicking on that eventually led to this http://business.financialpost.com/personal-finance/mortgages-real-estate/canadas-mortgage-brokers-find-ways-around-new-lending-rules

Holy loving :lol:

Money Mart for mortgages!

Square Peg
Nov 11, 2008

Furnaceface posted:

Clicking on that eventually led to this http://business.financialpost.com/personal-finance/mortgages-real-estate/canadas-mortgage-brokers-find-ways-around-new-lending-rules

quote:

Canada’s biggest non-prime lender Home Trust is already selling a “bundled” product, twinning a conventional mortgage with a second loan by private lenders
Yeah I heard a radio ad for similar “bundled” product the other day.
You'd think with all the regulation changes made they would have made it so you couldn't use loans as down payment, but nope!
Leverage your way onto the property ladder by any means necessary! Debt to income levelsHouse prices can only go up!

peter banana
Sep 2, 2008

Feminism is a socialist, anti-family, political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians.

k bye

Dreylad
Jun 19, 2001

i don't care if we lose ayn rand's yoga studio

Baronjutter
Dec 31, 2007

"Tiny Trains"

Those yoga pants really show off your Galt's Gulch.

Juul-Whip
Mar 10, 2008



Buy now or be priced out foreverrrrr

Mantle
May 15, 2004

Found this in my mailbox today. Guys i know where the next big bubble is going to be

https://imgur.com/gallery/w8YO5

JawKnee
Mar 24, 2007





You'll take the ride to leave this town along that yellow line

oh darn, where will I get my Altas Shrugged quote plastered clothing now

Fuzzy Mammal
Aug 15, 2001

Lipstick Apathy
Anyone been getting cold calls from realtors recently? It's up to about monthly for me now in Seattle.

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

ocrumsprug posted:

Who are they trying to fool with that 1200 person HQ claim?

What is it actually?

ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN

Subjunctive posted:

What is it actually?

No idea, but if they have 1200 people in that building someone might want to tell them they aren't already in Bangladesh. (And send a fire marshall.)

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

ocrumsprug posted:

No idea, but if they have 1200 people in that building someone might want to tell them they aren't already in Bangladesh. (And send a fire marshall.)

Ah, haven't seen the building. What's it hold?

They may not all be FT workers, so there could be space sharing going on.

ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN

Subjunctive posted:

Ah, haven't seen the building. What's it hold?

They may not all be FT workers, so there could be space sharing going on.

This is the place. If they have half that number in there, the employees may be wanting them move off shore too.

They have a couple of other small non-retail store fronts placed sprinkled around town, but they look like they only have a couple of people in them.

Like I am sure they have lots of employees, but 1200 seems like it just has to be including retail employees for their actual corporate footprint.

Lexicon
Jul 29, 2003

I had a beer with Stephen Harper once and now I like him.

ocrumsprug posted:

This is the place. If they have half that number in there, the employees may be wanting them move off shore too.

They have a couple of other small non-retail store fronts placed sprinkled around town, but they look like they only have a couple of people in them.

Like I am sure they have lots of employees, but 1200 seems like it just has to be including retail employees for their actual corporate footprint.

I think it seems like a relatively big building :confused:

Lobok
Jul 13, 2006

Say Watt?

My office building is a fraction of the size and holds 500-600.

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
They probably have an open concept office aka sweatshop-like layout

Powershift
Nov 23, 2009


quote:

The building is 130,000 square feet; approximately 70,000 square feet have been occupied by more than 300 lululemon athletica employees since late Fall 2010.

ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN

Lobok posted:

My office building is a fraction of the size and holds 500-600.

Maybe my spoiled software developer side is showing, but if there are 1200 people working there, holy poo poo. :cripes:

Subjunctive
Sep 12, 2006

✨sparkle and shine✨


If they have the whole thing now then 100sqft/person is pretty reasonable I think. 10m2 is average for one-person closed offices. If they're open plan then in 70Ksqft things are still not oppressive.

Rime
Nov 2, 2011

by Games Forum
Bombardier is laying off 2000 people back east, and closing their rail division in Germany.

Mandibular Fiasco
Oct 14, 2012

Subjunctive posted:

If they have the whole thing now then 100sqft/person is pretty reasonable I think. 10m2 is average for one-person closed offices. If they're open plan then in 70Ksqft things are still not oppressive.

If it's anything like the ground floor of their newish downtown offices off Hornby it's all long tables with workstations. But they have an air hockey table in the lunch room.

jet sanchEz
Oct 24, 2001

Lousy Manipulative Dog

peter banana posted:

The concept of "the cottage" just came up at work and I implied that maybe, just maybe no one needs to buy a cottage because it's unnecessarily expensive, of minimal benefit, that's what resorts and rentals are for and it's weird and pathetic to spend all of your holidays and weekends in the same podunk town on the same podunk lake. My coworker (who often talks about how much she dislike her kids, apropos of nothing, but in fairness that's all of my coworkers) said that I would have to tell that to "her son's vanity," as he "often ask when they are getting their cottage." And therefore she is seriously considering buying one "as an investment."

Her son is 11.

This country is so hosed.

I feel the exact same way about cars, no one in Toronto needs a car. I used to be alone with this opinion but I think more people are seeing the light since ride sharing has become so popular.

Professor Shark
May 22, 2012


I was under the impression that Lululemon was dying anyway. They seem to have taken the "gently caress what our customers want" approach and started selling what they want people to buy instead of what their customers actually want, and people are finding alternatives.

Professor Shark
May 22, 2012

In Nova Scotia News, the fresh new bitter taste of Conservative Lite® has taught me to hate everyone!

Dreylad
Jun 19, 2001

jet sanchEz posted:

I feel the exact same way about cars, no one in Toronto needs a car. I used to be alone with this opinion but I think more people are seeing the light since ride sharing has become so popular.

Lots of people my age who grew up in the city don't even have their driver's license so I think you're right.

Femtosecond
Aug 2, 2003

quote:

Vancouver home prices to fall as much as 20 per cent: bank

Canada’s National Bank is predicting home prices in Vancouver will fall as much as 20 per cent in the next year.

In a report issued Friday, the financial institution reported Vancouver’s curious housing market will see an “imminent pullback” as the number of home sales continue to fall.

Beginning in March 2016, sales began dropping after a long period of sustained growth. But it wasn’t until July that many observers started noticing the slowdown, in part due to a less intense benchmark price growth.

It was also the month when the B.C. government introduced a 15-per-cent foreign-buyers tax aimed at limiting the number of offshore buyers, who many had blamed for rapidly escalating prices.

After the tax came into effect on Aug. 2, the Vancouver market hit a literal standstill as sales dropped and prices froze. The trend continued for the most part in September.

National Bank says there were several factors leading up to the March peak that contributed to the downturn.

For instance, the minimum down payment for insured mortgages was raised to 10 per cent from five per cent for homes priced over $500,000. Also, the B.C. government introduced a three-per-cent tax on homes sold for over $2 million.

The bank also cites China’s anti-corruption campaign for slowing the flow of capital out of that country.

But that didn’t stop prices from rising at an unprecedented rate. The Teranet-National Bank House Price Index showed an average monthly increase of 2.5 per cent from February through to August.

Now, with October almost at a close, the bank believes prices may finally start to catch up to all the other indicators of a collapsing market.

It is expecting the Teranet-National Bank index to show a decline of 10 per cent over the next 12 months, with detached home prices dropping 20 per cent, townhomes dropping nine per cent and condos falling five per cent.

That would send a $2 million house back down to the $1.5 million price point and a $1 million house would be about $730,000.

The report comes a week after real estate firm Royal LePage said Vancouver real estate had experienced its “final hurrah.”

CEO Phil Soper said home prices in Vancouver will slow or even reverse over the coming months, despite growing nearly 31-per cent year-over-year in the third quarter.

He added it can take about six months for prices to catch up with a change in demand and pointed to last month’s 32-per cent plunge in home sales in Greater Vancouver.

Furthermore, the latest on Canada’s housing market as a whole comes with a dire warning.

Canadian Mortgage and Housing Corporation CEO Evan Siddall said in an op-ed in the Globe and Mail this week that for the first time ever, the federal agency will be issuing a “red” level warning for the entire Canadian housing market.

According to CMHC, a “red” warning indicates evidence of problematic conditions in the housing market, including overheating of demand, price acceleration, house price overvaluation and overbuilding.


:waycool:

Also Kathy Tomlinson won an award in the Best News Reporting of the Year category for her investigative reporting about Foreign capital in Vancouver RE. Well deserved.

MickeyFinn
May 8, 2007
Biggie Smalls and Junior Mafia some mark ass bitches

Femtosecond posted:

:waycool:

Also Kathy Tomlinson won an award in the Best News Reporting of the Year category for her investigative reporting about Foreign capital in Vancouver RE. Well deserved.

20% isn't enough, 50-75% and bust.

Furnaceface
Oct 21, 2004




Femtosecond posted:

:waycool:

Also Kathy Tomlinson won an award in the Best News Reporting of the Year category for her investigative reporting about Foreign capital in Vancouver RE. Well deserved.

Meanwhile, back in Ontario...

http://barrie.ctvnews.ca/study-suggests-barrie-s-housing-market-to-be-hottest-in-canada-1.3126225

:smithicide:

tagesschau
Sep 1, 2006

D&D: HASBARA SQUAD
THE SPEECH SUPPRESSOR


Remember: it's "antisemitic" to protest genocide as long as the targets are brown.

Barrie: Bridgeport, without the advantages.

EvilJoven
Mar 18, 2005

NOBODY,IN THE HISTORY OF EVER, HAS ASKED OR CARED WHAT CANADA THINKS. YOU ARE NOT A COUNTRY. YOUR MONEY HAS THE QUEEN OF ENGLAND ON IT. IF YOU DIG AROUND IN YOUR BACKYARD, NATIVE SKELETONS WOULD EXPLODE OUT OF YOUR LAWN LIKE THE END OF POLTERGEIST. CANADA IS SO POLITE, EH?
Fun Shoe
Before leaving Ontario I'd basically given up on visiting my family up north on regular long weekends because I wouldn't be able to show up until well after midnight thanks to the terrible traffic between Toronto and Barrie. Now that it's officially a bedroom community for Toronto I can't imagine how horrific it is now.

Furnaceface
Oct 21, 2004




EvilJoven posted:

Before leaving Ontario I'd basically given up on visiting my family up north on regular long weekends because I wouldn't be able to show up until well after midnight thanks to the terrible traffic between Toronto and Barrie. Now that it's officially a bedroom community for Toronto I can't imagine how horrific it is now.

On the Canada Day long weekend they estimated that there was well over 1 million individual vehicles that traveled up the 400 between Toronto and Barrie. And that was just the Friday traffic!

I seriously cant wait for this cottage fad to die off.

Arivia
Mar 17, 2011

Furnaceface posted:

On the Canada Day long weekend they estimated that there was well over 1 million individual vehicles that traveled up the 400 between Toronto and Barrie. And that was just the Friday traffic!

I seriously cant wait for this cottage fad to die off.

I have to buy a cottage for my eleven-year old first though. Peer pressure is a terrible thing.

flashman
Dec 16, 2003

I hit up the cottage to escape the hustle and bustle of life in a big city of 16 thousand. It is quite nice not sure what you folks are on about...

etalian
Mar 20, 2006

MickeyFinn posted:

20% isn't enough, 50-75% and bust.

Well just look at a the Big Short, it only takes a small amount of failures to collaspe things like mortgage security bonds.

peter banana
Sep 2, 2008

Feminism is a socialist, anti-family, political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians.

quote:

A new study by Moody’s Analytics predicts Barrie will soon become the top performing housing market in Canada. The study suggests housing prices in Barrie will go up by 8 per cent every year over the next five years.

Nah. Maybe based on housing bubble stats but that's already cooling off with the new regulations. My neighbours in Collingwood bought for $1M a few months ago and their parents just bought too and there was already a drop in prices. They'll lose value on their houses, but they're not using them as investments, so they don't care.


It's over here. It's done. Just ride it out.

cowofwar
Jul 30, 2002

by Athanatos
Hamilton subsidizing speculation. There are already too many parking lots and undeveloped properties being squatted in Hamilton.

http://www.cbc.ca/news/canada/hamilton/city-gave-out-7m-in-rebates-to-vacant-building-owners-over-2-years-1.3814232

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Femtosecond
Aug 2, 2003

cowofwar posted:

Hamilton subsidizing speculation. There are already too many parking lots and undeveloped properties being squatted in Hamilton.

http://www.cbc.ca/news/canada/hamilton/city-gave-out-7m-in-rebates-to-vacant-building-owners-over-2-years-1.3814232

Wow that's baffling

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