Dominic Darmanin

Cell: 604-788-1476 |

The Tangled Web The Chinese Are Weaving:

 

This week I was going to write about the Toronto housing market where the average price of homes has fallen 12% from its peak since the introduction of the 15% foreign buyers tax. We saw a similar reaction in the Vancouver housing market back in August of last year. However, the gyrations of the housing market in Vancouver and Toronto in particular, are to a significant extent, merely a reaction to the financial machinations of the Chinese government...

Read full post

“Ghost Collateral” ~ Pretty Spooky Stuff!

Here's another contrived financial illusion out of China that can best be described as nothing more than a massive Ponzi scheme. Essentially, multiple prospective borrowers use the same asset as collateral to qualify for a bank loan and when that asset is physically inspected it simply may not exist at all.

 

This gets even more complicated because if a banker did go out to inspect a pile of iron or copper that may have been put up as collateral,...

Read full post

Government Duplicity ~ Makes Your Head Spin...

 

This is a follow up to the May 6, 2017 “Duplicity of the B.C. Provincial Government -Anyone Surprised!” Although this “program” has been widely reported by the mass media, the implications and importance hasn't sunk in to the public consciousness yet – maybe it never will! To clarify, by “Provincial Government” I'm not singling out any one particular political party here, they're all the same in my book,...

Read full post

Panda Bonds ~ Ever Heard of Them?

It never ceases to amaze me how naive the B.C. Government is or thinks we are. Panda Bonds are issued by the B.C. Government in yuan in mainland China and of course these bonds earn interest to the bond holders. The proceeds from the bond sales are then reinvested in Asian markets at a higher interest rate which generates revenue for B.C. or supposedly you and me. I wonder why the Chinese don't just invest directly into the “Asian markets” to earn the...

Read full post
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.