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Rime posted:I have my doubts the rest of the building is actually sold either, because there's a lot of listings still up on MLS for it. Paul Bosa himself is involved now, and they're making GBS threads bricks over here on tiny deficiencies, so things must be pretty grim. Are those listed as assignments? If so, they're some dickhead who bought the units during pre-sale and are now reselling them (probably with a decent markup). If not, then lol, because I guarantee that building was plastered with "over 90% sold" signs on day one.
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Jan 17, 2017 07:26
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China just announced it ain't doing coal anymore, cancelling 85 planned coal power plants. Another blow to Canada's/Vancouver's economy. This is off the coast of Delta, basically just for China: Largest coal terminal in North America. And there's another one in North Van. Hexigrammus posted:I was in that area about ten years ago taking delivery of a piece of industrial equipment. It's gotten worse. Yeah that area is definitely not getting better. Newton's reputation is going down the toilet too.
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Jan 17, 2017 10:02
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Thank Christ my sister in law got her family out of there.
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cowofwar posted:What was the name of that real estate analyst who CI retweeted in this thread all the time? Luke Kawa.
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Jan 17, 2017 10:37
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UnfortunateSexFart posted:China just announced it ain't doing coal anymore, cancelling 85 planned coal power plants. Another blow to Canada's/Vancouver's economy. This is off the coast of Delta, basically just for China: Australia exports garbage thermal coal to Asia, Canada exports metallurgical coal. Closing coal plants in China will have a big effect on Australia and its real estate markets in the boonies. Out domestic consumption of coal has been decreasing for a decade. Export is about $5 billion of GDP. http://www.coal.ca/main-markets/
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Jan 17, 2017 15:47
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Yeah, until we stop building things with steel we're going to be mining and shipping coal out of BC. Good luck with that happening, really.
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Jan 17, 2017 16:08
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UnfortunateSexFart posted:Yeah that area is definitely not getting better. Newton's reputation is going down the toilet too. How can Newton's reputation worsen?
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Jan 17, 2017 16:59
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The following article on Whalley was written over ten years ago... What's been happening in Whalley since? ****** Condo-mania transforms Whalley into 'urban village' Attractive prices see entire 346-unit development sold out in seven hours Gillian Shaw Vancouver Sun Wednesday, June 01, 2005 It was late at night when marketing manager Dan Thomson left a condominium development that was to go on the market the following morning, and he made a bet with a colleague that the first buyers would be lined up before he returned. By 5 a.m. the lineup had already formed, and in seven hours the entire project -- 346 condominiums worth a total of $79 million -- was sold out. That would come as no surprise if the address was at the gates of the University of B.C. or trendy Yaletown or waterfront Coal Harbour, but the project is in Surrey, where Infinity at Central City is helping to transform Whalley into what it calls "urban village living." With Tower One sold out, Infinity at Central City is now gearing up for the launch this month of Tower Two, which promises to be a repeat of the buying frenzy that marked the project's first sale. Already 1,150 people who arrived too late to get dibs on the first tower, expected to be completed in a little over two years, have pre-registered for the second sale. And another 700 signed up on the project's website after the first tower sold out. It's a striking illustration of a trend sweeping out from downtown Vancouver, as condo-mania shifts to the suburbs. The difference in bottom line between a city condo and one farther out can be as much as hundreds of thousands of dollars. "Vancouver, geographically, is limited by its land area, and the easiest way to not have to live in Chilliwack is to create vertical living," said Thomson, MAC Real Estate Solutions' project manager for Infinity, which is the creation of Jung Developments, a division of the South Korean-based Jung Group. "Ten years ago, vertical living was not a positive for a lot of people," he continued. "Now, high-rise living is well received." While suburban status used to be found in a humongous house and a lawn and garden that could fill up much of a homeowner's time, today's suburban chic is as likely to be a view condo with a Starbucks and a SkyTrain stop on the doorstep. "People want an active lifestyle, and having a big home with big property that needs to be maintained doesn't fit with that," said Thomson. "This is carefree living -- you lock your door and go away. It's simple. "You want to enjoy a yard, but don't have the time to take care of it, it's taken care of. You want a fitness area at your home, it's taken care of." Bill Morrison, a partner in MAC with Jason Craik & Cameron McNeill, said he was surprised at the sales frenzy at Infinity, a response that once would have been reserved for city core developments. "None of us would have believed there would be that dramatic a response," he said. "There is a pent-up demand in the suburbs, especially for concrete product that is affordable. "Go four or five stops on a SkyTrain [toward downtown] and you will spend $50,000 to $60,000 more for the same product. "It seems Vancouver is the core, and every time the price goes up a dollar per square foot in the core, it works its way right out to the suburbs." The Lower Mainland is experiencing a trend long seen in other centres linked by rapid transit, where each stop outward from the city centre can carry a price reduction for the real estate around it. On the same day that MAC launched Infinity, it also opened another project, Park 360 at Edmonds in Burnaby. Half of that project's 200 units sold, with the overall price points well over those in the Surrey project. "It was four SkyTrain stops away, and the difference in price for a one bedroom was $70,000," said Craik. One-bedroom condos in the Infinity towers start at $139,900, or about an average of $300 per square foot. Contrast that to downtown Vancouver, where the company is doing some smaller loft projects as high as $600 a square foot, and a development on Homer in the $530-per-square-foot range. Buyers were split between investors taking advantage of the increased equity higher home prices have brought them to buy more real estate, and first time buyers. "Our investors and our buyers came from everywhere," said Craik. "I didn't think people would come across the bridge to buy, but they did. "There were a lot of people from Vancouver, from West Vancouver, White Rock, Langley. "Some doctors came out and bought because Surrey Memorial hospital is just a stone's throw away and it would give them a place to stay if they didn't want to drive home." TO INFINITY, AND BEYOND: Buzz Lightyear's rallying cry from the 'Toy Story' movies could apply to Jung Developments' Infinity at Central City, the Surrey condo megaproject that can't seem to build units fast enough for its market. 7 hours: Time it took for Phase One of Infinity at Central City to sell out all 346 units. $79 million: Value of sold Phase One units. 1,150: Number of potential buyers pre-registered for Phase Two, to go on sale this month. $300: Per-square-foot cost of one-bedroom condos in the Infinity towers. $600: Per-square-foot cost of some of Jung Developments' smaller downtown Vancouver lofts. Source: Jung Developments Ran with fact box "To Infinity, and Beyond", which has beenappended to the end of the story. The Vancouver Sun 2005
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Jan 17, 2017 17:24
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Lexicon posted:How can Newton's reputation worsen? You spelled Shootin' wrong
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Jan 17, 2017 17:42
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UnfortunateSexFart posted:Surrey towers have never sold well, that's why their 10 year vision of a skyline to match Vancouver's has been in the works for 30 years now. Like why would anyone who can afford a penthouse in Surrey choose that over a better area? Even if it means a slightly smaller penthouse in New West, that's a big step up. Yeah Surrey is uh, very ambitious. I mean I think the idea of them densifying and trying to become the main regional centre South of the Fraser is a good idea, and it's good that they're trying, but they have a very steep hill to climb here. Coincidentally their updated downtown city centre plan was approved by council last night. quote:
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Jan 17, 2017 18:30
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UnfortunateSexFart posted:China just announced it ain't doing coal anymore, cancelling 85 planned coal power plants. Another blow to Canada's/Vancouver's economy. This is off the coast of Delta, basically just for China: You're mixing up how coal works here. Westshore Terminals (the one you posted a photo of) is typically used for sending off metallurgical coal, which is the type used in steel production. China nor nobody else can ween themselves off of this stuff because you cannot efficiently smelt steel cheaply using say an electric furnace. The coal typically found in Australia and the Appalachians are the garbage type and are meant for producing electricity. cowofwar posted:Australia exports garbage thermal coal to Asia, Canada exports metallurgical coal. Closing coal plants in China will have a big effect on Australia and its real estate markets in the boonies. Exactly. As long as China continues to want to build skyscrapers and cars, Canada will be exporting coal to them for the foreseeable future.
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Jan 17, 2017 18:58
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OSI bean dip posted:
As long as anyone wants to, really. China is the world's largest exporter of steel now that the US industry is dead. All the those towers going up downtown aren't using Canadian steel, largely because there is no such thing in any meaningful volume.
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Jan 17, 2017 20:24
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my bad on coal types. Sux to be Australia then.
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Jan 17, 2017 21:09
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I have a friend who plans on moving to Australia soon. I don't know anything about Australia or its economy - would you guys think this move is a good or bad idea?
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Jan 17, 2017 21:28
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what's he or she going to do once tjey get there?
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Jan 17, 2017 21:38
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Also are they white?
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Jan 17, 2017 21:44
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Skizzzer posted:I have a friend who plans on moving to Australia soon. I don't know anything about Australia or its economy - would you guys think this move is a good or bad idea? If he has skills in racism and mining then he'll do okay. Maybe not be able to buy four properties downtown and become a slumlord like last decade though.
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Jan 17, 2017 22:09
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Skizzzer posted:I have a friend who plans on moving to Australia soon. I don't know anything about Australia or its economy - would you guys think this move is a good or bad idea? As long as he's a millionaire chinese real-estate investor, he'll do fine. If he's smart, being chinese and having someone mail you passports with other people's names on them so you can take university entrance exams for them is also good.
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Jan 17, 2017 22:52
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okay, some context:
Powershift posted:As long as he's a millionaire chinese real-estate investor, he'll do fine. Seriously? You can do that? I thought Australian universities are easy to get in, whether you pay or test for entry.
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Jan 17, 2017 23:29
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Skizzzer posted:okay, some context: Is she Australian? You can't just move to another country and get a job unless it's under the table. Does she even has a visa?
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Jan 17, 2017 23:38
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Doesn't Australia have work+tourist visas that are a gimme to get?
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Jan 17, 2017 23:39
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Femtosecond posted:
And yet it's all centred on a huge road apparently? loving lol.
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Jan 17, 2017 23:41
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Subjunctive posted:Doesn't Australia have work+tourist visas that are a gimme to get? Yeah, i did it. All you need is to be under 30, have a clean criminal record and $4k in the bank to prove you can support yourself if(when) you can't find a real job. You have to apply well before you go, and then travel within a year or approval though. It's hard to get a real job there though because most companies know you'll be gone in a year. If you have skills or credentials, you can use the time to prove yourself, and then the company can apply to keep you, but that's really rare. Pretty much the only jobs are the backpacker poo poo where they pick you up in a van, give you a pile of magazines to hand out on a street corner, tell you they'll pick you up at 5pm and pay you, and then you never see them again. that and bartender/waitress stuff. You also get megafucked on exchange rate/purchasing power. The dollars are nearly 1:1, but the purchasing power there is nearly half, meaning every dollar you earned in canada buys you 50 cents worth of poo poo in Australia.
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Jan 17, 2017 23:45
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It's pretty easy to find work as a Rope Tech in Australia and New Zealand. I'm headed to the latter as soon as I get my Siemens B cert for turbine repair. Also IT, suprisingly easy to get into IT if you have the resume. Rime fucked around with this message at 23:58 on Jan 17, 2017 |
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Jan 17, 2017 23:55
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^ That's good to know. Do you have the name of that visa? Looking briefly over their list of visas, it looks like sponsorship is needed if she's looking for serious jobs. I also agree that's unlikely to happen based on the assumption that you'll be leaving in a year. I know for sure she'll start with bartending/waitressing. It sounds like she's more looking to go for the experience rather than actually trying to start a career there. It also sounds like that's the more practical expectation from what I'm hearing. Just for my own interest, are the salaries there in line with living costs? If purchasing power is half, it doesn't sound very livable. How did you find it? cowofwar posted:Is she Australian? You can't just move to another country and get a job unless it's under the table. Does she even has a visa? She's not. Likely doesn't have a visa yet either. I had another friend who did the same thing (and apparently worked for and was sponsored by some real estate company) but I don't have all the details and haven't kept in touch with him.
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Jan 17, 2017 23:58
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It's a working holiday visa. https://www.border.gov.au/Trav/Visa-1/417- On the low end, minimum wage is like $17 an hour so you can probably afford rent or food. mid-range though, they're not a whole lot higher than canada, If she's just going for the experience, it's entirely worth it to do it, just expect to be a waitress working for peanuts.
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Jan 18, 2017 00:02
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It's usually called a Youth Commonwealth Visa. Canada, the UK, Australia and NZ all have their own versions.
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Jan 18, 2017 00:02
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dope, thanks for the info guys (girls?).
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Jan 18, 2017 00:15
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If she has the intention of doing anything remotely "masculine" as a job (including sales) she's also not going to find anything because Australia is a sexist hellhole as well as a racist one.
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Jan 18, 2017 00:24
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I found that dollar for dollar when I moved back to Canada I had wayyyyyy more purchasing power while still making the same amount of money. Like yeah $17 an hour is great and all but when you're paying $25+ for a meal at a low-end/average restaurant and $17/kg for extra lean ground beef that goes away pretty quickly. If I had to put a figure to it I'd say there was probably a 25-30% difference. That was almost five years ago now though, things might have changed. Stuff has gotten more expensive here, I don't know about down there.
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Jan 18, 2017 00:27
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As a chinese guy, australia sounds like a shithole. Would love to visit, but I have no interest in moving there. Then again, I'm considering moving within Canada and the majority of cities (Winnipeg, Edmonton) sound similar too, so I dunno. Right now I'm looking at Calgary and Toronto, so we'll see. Canada feels really small when there's only a couple of cities to consider.
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Jan 18, 2017 00:40
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ive never met a really good australian ever. if im ever inappropriately propositioned in a gas station bathroom its ALWAYS an australian accent
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Jan 18, 2017 00:44
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I haven't been there myself but from everyone else around me who has been to both Canada and Australia it's no comparison, Canada - > Australia is like Coastal North America -> The deep south of the US. Plus everything costs 3x as much because it's so far away from everything, and you can't ever leave because it's so far away from everything. If you can deal with everything being really far away and expensive New Zealand is a much better choice, and the NZ economy is actually doing much better too. If you are in the armed forces the Australian army is somewhat less hosed than the Canadian one (IIRC Australian defense spending per capital is quite a bit higher) and you get more opportunities to shoot brown people. Not really a factor for me anymore at this point in my life.  EDIT: Also Australia is pretty warm I guess. EDIT: ANd this is in comparison to major Canadian cities like Calgary and Vancouver. I've never been to loving Newfoundland or whatever so who knows Throatwarbler fucked around with this message at 00:55 on Jan 18, 2017 |
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Jan 18, 2017 00:52
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Throatwarbler posted:If you are in the armed forces the Australian army is somewhat less hosed than the Canadian one (IIRC Australian defense spending per capital is quite a bit higher) and you get more opportunities to shoot brown people. Not really a factor for me anymore at this point in my life. Noooooooooooppppppppppeeeeeeeeeeeeee http://www.news.com.au/national/off...cb9e2a931abfc83 http://www.australianetworknews.com/adf-sex-scandal-cadets-forced-sex/ http://www.news.com.au/national/day...c5a7d1197d1e730 http://www.couriermail.com.au/news/...fef3-1484698476 http://www.smh.com.au/nsw/sex-abuse-revelations-will-spur-change-adf-vicechief-tells-royal-commission-20160630-gpvlyn.html http://www.abc.net.au/news/2016-06-30/vice-chief-of-defence-force-apologises-for-child-sexual-abuse/7556744
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Jan 18, 2017 01:15
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HookShot posted:Noooooooooooppppppppppeeeeeeeeeeeeee Well yeah, but they weren't yelling "bang bang!" at each other when training before they got to the raping, so it is definitely a better situation.
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Jan 18, 2017 03:12
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Meanwhile in Australia:quote:Combustible cladding to be stripped off Docklands tower in multi-million-dollar operation http://www.theage.com.au/victoria/combustible-cladding-to-be-stripped-off-lacrosse-docklands-tower-20170116-gtslcj.html
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Jan 18, 2017 03:27
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Australia and New Zealand are both way better than Canada and you all have Stockholm Syndrome. Sure Aussies 50km from the coast are racist, just like Canadian rednecks. But nothing in Canada compares to Sydney or Melbourne.
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Jan 18, 2017 03:38
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LOL
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Jan 18, 2017 04:26
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Remember that time when countries like India and China were literally advising their citizens to NOT go to university in Australia because so many foreign students were being beaten half to death in Melbourne?
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Jan 18, 2017 04:26
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Or that time when Cronulla had race riots?
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Jan 18, 2017 04:27
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Remember when Australia was racist?
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Jan 18, 2017 04:34
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