The Source Of Vancouver's Dangerous Housing Bubble

Heads in sand, Federal and Provincial governments have stood by as out of control forces abuse Canada's immigration largesse and place financial pressures that are already harming Canadian taxpayers.

Now Canadians get a glimpse at the sources of the cash that has corrupted the whole Immigration industry, and created a strange anomaly that has become known around the world as the Vancouver Housing Bubble.

The Financial Times has revealed, "Corrupt officials took $124bn out of China" outlining the size of the fraud perpetrated on China by corrupt officials. Canada has not been the recipient of the "investment" part of that stash, but its real estate has been impacted by large amounts of "cash sheltering." For twenty years the stories of Chinese "buyers," purchasing real estate in Vancouver, as well as Toronto, sight unseen, have been common place.

These ill gotten billions have created an unusual situation for Vancouver. As the Vancouver Sun reported, "Chinese are parking money in Canadian land like a bank." Its real estate prices have no economy to support them.

British Columbia produces very little that anyone outside its borders wants to purchase, other than the natural resources it digs out of its soil. And yet, it's real estate is among the most expensive on earth. Young people cannot afford to house themselves in Vancouver, and even find other parts of the British Columbia lower mainland too expensive.

The aberration of corrupt Chinese officials offshoring their cash has placed a massive burden on Canadians whose homes are in majority owned by banks. Canadians now shoulder more personal debt than Americans. The housing bubble that will inevitably burst, will begin a wave that will start in Vancouver, and will rapidly spread across the country. Neither Ottawa, nor Victoria, can do anything to temper the damage the burst will bring.

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Canada Welcomes Illegal Sri Lankan Asylum Seekers

Canada, the world's leader in the immigration business, is about to welcome the first of many ships carrying illegals from Sri Lanka.

The Canadian immigration industry is licking its lips at the imminent arrival of a ship load of illegals, with lawyers lining up to leach off the Canadian taxpayers, and the Courts are making sure that endless days will be cleared from the dockets, so judges can enjoy the stories of downtrodden Sri Lankans well into the next decade.

The Canada Border Services Agency (CBSA) will pretend to filter the good from the bad, not having a clue about much, since no human being on earth can vouch for the veracity of any documentation presented in pretense on the origins of any asylum seekers. There are few countries in the world where documentation cannot be purchased, names changed, false birth certificates magically created, and new family members materialized.

Canadian taxpayers seem to rest easy in the knowledge that the CBSA will investigate thoroughly, then make sure that Canada becomes the destination of choice for Tamil asylum seekers, replacing the formerly more convenient Australia. Canada will enjoy the unique distinction of being the only country on earth not overly concerned with allowing Tamil Tigers into its midst. Pretending otherwise, is pretending that the CBSA has the capacity to know the difference between terrorists and non-terrorists, and also further pretending that it has the capability of tracking them once they’ve allowed them into the Canadian society at large.

Canada has no way to track anyone. The immigration industry knows this and takes advantage. Daily abuses of the many loopholes in the country’s laws result in the government having no idea of the country's real population.

There are almost 7 billion people on earth, most of whom live in abject poverty, in overpopulated corners of the earth. Canada’s doors seem wide open. Canadians have for generations attempted to build a country that could support itself. For some reason, the current version of Canadian governance is following the Jean Chretien belief that “Anyone who wants to live in Canada, should be allowed to live in Canada.” Such genius thinking now brings a need to increase taxes (such as HST) to feed a rapidly breaking system, . . . a system controlled by too many lawyers who were elected to the National Legislature over the last century.

Canadians should know that their government is under no international obligation to accept a ship arriving under false pretenses. Ottawa should stop aiding and abetting the human smuggling operations of international criminal organizations.

Those pretending that Canada is a wealthy country and that it should “share,” haven’t spent much time with the average Canadian household working multiple jobs, and carrying personal debts second only to their neighbors to the South.

The concern here isn’t even about Tamils, but about an attitude toward the preservation of a fast disappearing lifestyle. Overcrowding was once not a Canadian objective. The clogged arteries of Vancouver and Toronto are evidence that the balance has tipped.

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