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Quantum 1 Cannabis $QQ.ca to Open Flagship Location near Oakridge Centre, Vancouver’s Largest Retail and Residential Development $TPX.A.ca $ACB.ca $WEED

Posted by AGORACOM-AB at 10:38 AM on Tuesday, February 16th, 2021
  • The 2,400 sq ft retail location is in one of Vancouver’s most diverse neighborhoods
  • Quantum has 20 days to complete its due diligence and finalize terms

Vancouver, BC – TheNewswire – February 16 th , 2021 – Quizam Media Corporation (“the Company”) (CSE:QQ) (CNSX:QQ.CN) (OTC: QQQFF) is pleased to announce that its subsidiary, Quantum 1 Cannabis (“Quantum”), one of Canada’s fastest growing and leading recreational cannabis retailers, has signed a Memorandum of Understanding (“MOU”) to acquire an approved, municipal cannabis retail location in one of Vancouver’s most diverse neighborhoods at 41 st and Cambie Street in Vancouver, BC.

“This flagship location expands our footprint in the Lower Mainland and has exceptional potential for growth. With over a billion dollars of development being spent at Oakridge Centre, density will significantly increase in what is already a high traffic area,” stated CEO Russ Rossi.  “Our dedicated team of experts is excited to serve our growing base of customers with a service and retail experience unlike anything seen in BC before.”

Under the terms of the MOU agreement, Quantum has 20 days to complete its due diligence, finalize terms in a definitive agreement, and ensure the smooth transfer of all licenses and permits.

The new 2,400 square foot location will feature a full service, recreational cannabis retail experience featuring an upscale, contemporary design and a staff of highly trained cannabis consultants.

Read More: https://agoracom.com/ir/QuizamMedia/forums/discussion/topics/755420-quantum-1-cannabis-to-open-flagship-location-near-oakridge-centre-vancouver-s-largest-retail-and-residential-development/messages/2303833#message

15% Foreigner Land Transfer Tax Guarantees Vancouver Real Estate Crash and Toronto Real Estate Boom

Posted by AGORACOM at 4:16 PM on Monday, July 25th, 2016

Real Estate - Vancouver LTT

 

I had to read the headlines multiple times.  At first, I thought the British Columbia government was simply increase land transfer tax fees to foreign buyers by 15%, so if LTT on a $2,000,000 home was $40,000 (for example), a foreign buyer would pay $46,000.  That isn’t so bad.  Jack up foreign buyers by an amount that wouldn’t hurt them too much, while adding significant $$ to the government coffers …….. because there is no way you could seriously implement a 15% additional tax on the entire purchase of that same $2,000,000 ….. and then I read this:

Real Estate - Vancouver LTT 02

WHAAAAAAAAAAAAAAAATTTTTTTTTTTTT?????????????????

The Province Of British Columbia just committed real estate suicide. If they expect foreign buyers to get jacked and say thank-you, they simply don’t understand the world of global finance.  Money is liquid and highly personal.  When you tell money it’s not wanted, it takes it very personally and quickly starts looking for another home (pardon the pun).

Add in the fact that 95% of foreign buyers are Chinese and that rule of thumb really kicks in.  Why?  Chinese people aren’t stupid.  They didn’t build enormous wealth and survive for thousands of years by being stupid – especially when it comes to their money.  When you tell them THEIR real estate is going to cost 15% more than EVERYONE ELSE’s real estate, they’re out, gone, on a bullet.

WHAT WILL BE THE IMPACT OF THIS NEW 15% FOREIGNER LAND TRANSFER TAX

  1.  Wave bye-bye to Chinese buyers.  Expect them to head for Toronto and California
  2. A near instant liquidity freeze on Vancouver real estate –  including DOMESTIC buyers who will have no appetite to buy into a frozen market.
  3. A crash in Vancouver real estate prices …  that will spread to all other surrounding municipalities.  Why buy anywhere when you can wait and see what happens to previously untouchable real estate.
  4. A hit to Canadian bank mortgage portfolios in the GVA (Greater Vancouver Area).
  5. DECREASED real estate tax revenue for government coffers.
  6. A simultaneous. massive boost to Toronto Real Estate prices

So sorry for all my friends in Vancouver … but a Vancouver Real Estate crash is now inevitable.