Snuffman posted:

I can't tell, is that a converted garden shed or really oddly shaped tiny-house?

leftist heap posted:

actually municipalities can't do anything about housing stock. people in this very thread have told me so.

quote:

At present, local governments in BC must continue to rely on policy, density bonus and negotiation to secure affordable housing from development.

quote:

Man gets $10K fine in Toronto's first conviction of an Airbnb owner

Justice of the peace wants to send message to stop short-term rentals. The defendant was “thumbing his nose at the community and the city,” he said.

A justice of the peace has imposed a $10,000 fine on the owner of a Willowdale home who violated city bylaws by accepting short-term renters, often using web sites such as Airbnb to find them.
Justice of the Peace Gerry Altobello rejected a submission from the city prosecutor that the fine be set at $1,000 because that was “not enough” to send a message of deterrence to others doing the same thing.
Altobello said the defendant was “thumbing his nose at the community and the city,” by continuing to rent the home at 5 Glenelia Ave., for periods of less than seven days after being told to stop. The maximum penalty for a conviction is $50,000.

The home has been the site of problems.

Neighbors complained about the high turnover of occupants and loud parties. Last March during one party nearby residents heard four or five shots ring out inside the home, and saw partygoers fleeing. A young man who received a gunshot wound to his head survived, Toronto police say.

Last November, Yan Pan Zhao pleaded guilty on behalf of 2391324 Ontario Ltd., which owns the two-storey home at the corner of Bayview Ave.

Zhao told the Star on Wednesday that he was acting as “an agent,” for the homeowner. He acknowledged his wife, Dan Wei, is the sole officer and director of the numbered company. Zhao said that after the city told them to stop the short-term rentals, “there were no new bookings. There was existing bookings but no more new bookings.”

The company has 90 days to pay the fine.

Prosecutor Geoffrey Uyeno told court the “defendant corporation” had lessened the penalty, by co-operating with the city, selling the house last November and agreeing not to rent it on a short-term basis until the March 31 closing.
But Altobello said $1,000 fine “would just be an expense of doing business,” and failed to take into account the soaring value of the property in today’s explosive housing market.
The Star has learned the detached house sold for $2.038 million, more than $230,000 over asking price.

The guilty plea related to a zoning bylaw violation in October 2015 that came after inspectors interviewed a couple from Ottawa who were renting the house for four nights.

Altobello agreed to the prosecutor’s request to impose an order prohibiting the company from renting any property in this fashion in Toronto, unless the law changes.

He said it’s “essential that this doesn’t happen somewhere else” and disrupt and upset communities “and not making it a good atmosphere for people to live in.”

In court Wednesday was Glenelia Ave. resident Jan Morrissey, who said she was “absolutely thrilled” the justice of the peace imposed the harsher financial penalty in order to send a strong message.
“I hope people have to balance, ‘Gee I could rent my place out and get some money,’ with ‘I could also, perhaps be fined, big time.”
Morrissey also praised the bylaw enforcement officers for their persistence.

“I hope this now helps in turn to prod city politicians to get their act in gear and speed up on this and get the regulation that’s needed.”
It is the first conviction and sentence for the city’s municipal and licensing department, which is grappling with Toronto’s fast-growing short-term rental market. The licensing division will make recommendations on how to regulate the burgeoning industry in June. Under an old North York bylaw, which still applies while the review is underway, short-term home rentals must be seven days or more.

DariusLikewise posted:

Clearly housing is so expensive because no buildings have opened in over 6 years in Vancouver

https://twitter.com/Trump/status/836220778085564416

quote:

http://www.cbc.ca/beta/news/canada/edmonton/canada-real-estate-prices-1.4001828?cmp=rss

What 770k gets you

YVR


YEG Edmonton


YQR Regina


Yukon


YWG Winnipeg


YYZ


YUL Montreal


YHZ Halifax


PEI

Rime posted:

Ask not for whom the bell tolls, it tolls for hootsuite

The best piece of bullshit spin I've seen since Bre-X, goddamn.

Baronjutter posted:

Holy poo poo that asymmetrical vinyl siding and stone veneer box. I can't handle that.
Also gently caress referring to places by their airport code.

namaste faggots posted:

loving lolling at the thought of a sales guy becoming a product manager.

namaste faggots posted:

de jong sez get ur parents to buy you a house

UnfortunateSexFart posted:

gently caress him. My parents (and in-laws) say "you aint getting my money until I'm six feet under"

Risky Bisquick posted:

namaste faggots posted:

loving lolling at the thought of a sales guy becoming a product manager.

Rime posted:

I would like to follow up my previous Hootsuite post with Ryan Holmes telling a reporter to eat a dick for questioning his $1 Billion valuation claim today.

They're under fire for sexual harassment in the workplace, too? Oh myyyyy.

quote:

For more than two years, it has been widely accepted that Hootsuite is one of Canada’s very few unicorns – startups worth at least $1-billion (U.S.). Turns out it was never worth that much.

Hootsuite Media Inc., whose software helps businesses manage their social media accounts and advertising campaigns, raised $60-million at a reported valuation of $1-billion in September 2014. In fact, the true valuation was between $700-million and $750-million, according to people familiar with the matter.

Hootsuite and its investors have never publicly contradicted its unicorn status, which can help startups attract top-drawer talent and brings with it a hefty dose of free marketing. As Hootsuite approaches a potential initial public offering, it’ll need all the positive publicity it can get.

Before publication, a spokeswoman for Hootsuite declined to comment on the company’s valuation or its status as a unicorn. After the story was published, chief executive officer Ryan Holmes said on Twitter that “Hootsuite is definitely north of 1b today.”

The term unicorn became a buzzword at the end of 2013 after venture capitalist Aileen Lee used it to describe the kind of billion-dollar exits the biggest venture funds now needed to justify their size. Lee found 39 so-called unicorns that November. Over the next two years, as valuations ballooned and pension managers, sovereign wealth funds and private-equity investors chased venture capitalists into private tech, that number grew to more than 150.

Hootsuite’s $60-million funding round and corresponding valuation were certainly large, especially by Canadian standards. And the company attracted some big backers, including Fidelity and the VC arm of the Ontario Municipal Employees Retirement System pension fund. Canadian journalists and politicians, keen to show that Silicon Valley-type success was possible north of the border, heaped attention on Hootsuite. The valuation, when translated into Canadian dollars, was closer to the billion-dollar mark anyway, so investors and executives left the unicorn label unchallenged, said one of the people, who requested anonymity discuss private information.

Valuations at private companies are based on whatever factors backers think are most important, and can differ widely from investor to investor. Fidelity, which led the $60-million round, has since written down the value of its investment in Hootsuite. Another investor in the round has kept its valuation around the same as it was at the time of the deal, one of the people said.

CB Insights, a popular resource for venture capital and startup data, has Hootsuite on its list of unicorns, one of only two Canadian companies to make the cut (the other one is messaging app Kik). Publications, including Bloomberg News, have cited CB Insights when calling Hootsuite a unicorn in the past.

Hootsuite’s inclusion on the CB Insights list was based on a September, 2014, TechCrunch story that reported on the company’s $60-million funding round, a spokeswoman for CB Insights said. That story isn’t concrete about the valuation though, saying only “there are murmurs that it’s now valued at around $1-billion.”

TechCrunch’s own unicorn list doesn’t include Hootsuite.

The revelation reveals the limits of the unicorn moniker. The term has surpassed buzzword status and become an eye-roll inducing annoyance. Last April, influential venture investor Bill Gurley called the end of the age of unicorns in a 5,700 word essay, arguing the industry’s obsession with high valuations was contributing to toxic deal terms.

Hootsuite is still one of Canada’s most promising tech companies. It hit cash-flow positive last year and recently bought social media advertising tool AdEspresso and analytics company LiftMetrix. It’s on a short list of Canadian tech firms considering going public in 2017, people familiar with the matter told Bloomberg in November.

Rime posted:

Shiiiiiiiiiiiit, the press be ravaging these fuckers today. Goddamn.

Hootsuite never really was a Canadian unicorn after all


Odd that the G&M wouldn't throw in that they were found guilty of abusing unpaid internships and fined hugely by the BC Goverment, considering the G&M broke that story.

Fried Watermelon posted:

Fun fact if you buy that house in Winnipeg you get to smell a garbage dump

A Typical Goon posted:

That house is in Royalwood and no where near the dump though? Even Bridgewater Forest is far enough away that you won't get any smell to ruin your equity, the only people that the landfill effects are those living in St. Norbert, and lol at any of those houses being worth even close to 800k

Subjunctive posted:

What are they worth?

A Typical Goon posted:

I forgot that there was some newer 'nice' houses built along the river, but the majority of St. Norbert is lovely townhouses or old SFH that are being rented out to poor university students.

Subjunctive posted:

So you're saying what, $250K?

namaste faggots posted:

https://twitter.com/dbcurren/status/836954435565805568

Oh well lol

Fried Watermelon posted:

Fun fact if you buy that house in Winnipeg you get to smell a garbage dump

Rime posted:

Ask not for whom the bell tolls, it tolls for hootsuite

The best piece of bullshit spin I've seen since Bre-X, goddamn.