A B.C. property company says a lender has pulled out of financing a new building because of the recent Cowichan Tribes ruling that granted Aboriginal title to more than three square kilometres in Richmond.
Montrose Property Holdings, which develops industrial warehouses on land it owns, some of it in the Aboriginal claims area, said it had been in “advanced discussions” with the lender which it had successfully dealt with several times before, and a prospective tenant.
But talks ended because of “uncertainties and risk allocation issues” raised by the B.C. Supreme Court ruling in August, the company says in an application to reopen the court case that will be filed soon.
Montrose said it spent about $7.5 million advancing the project and expected to borrow another $35 million to complete construction.
The company said discussions have also ceased for the same reason with companies such as Fortis and Enbridge to develop a facility to capture landfill gas, rather than flare it. Those discussions had been underway for six years.
The 31-page application to reopen the case and a 1,200-page supporting affidavit, which have been sent to the parties involved in the case, were shared with Postmedia.
Article contentThe business effects Montrose says it is experiencing from the Cowichan decision are among the first specific examples to be aired publicly.
If you make major investments in a province that votes NDP, what follows is really your own damned fault.
I watched the entire “Making a Killing” documentary via the link posted in an earlier thread. There were two Richmond homeowners interviewed who stated that their banks would not be renewing the mortgages *on their homes*.
As a BC resident, and never a Dip supporter, I wonder what the tipping point is for Dip voters to finally abandon them?
Is it losing your home? No?
Okay then, how about the loss of all corporate investments, spending and worst of all, shutting down their operations. No?
Well then, how about the end of towns and cities? Yes, very possible, since the Richmond decision, all city lands are to be turned over to the GimmeGimmes. If the City has no land to occupy or “own”, it does not exist. Nor does its bureaucracy, jobs, or taxes.
Are these ideas extreme? Yes. Are they possible?
Oh, yeah, entirely.
Eby and the NDP have really fcked this up. No one is coming to his rescue, nor ours.
The economic collapse will be spectacular. Anyone with a mortgage is in deep do-do.
Voting for free stuff has consequences. Unfortunately, those who vote for free stuff don’t care as long as the hand-outs continue.
In my experience they never abandon their beliefs. They move somewhere else and carry on as they always do.
To do that they have to be able to sell their house. If the bank won’t renew their mortgage no one will be able to afford to buy it, either.
Remember that BC adopted UNDRIP. Drip drip drip…whoosh. Floodgates open. Here is another example of the implications, from Juno news…
https://www.junonews.com/p/another-bc-court-affirms-undrip-as
I know I’d be mad if this happened to me, but I’m really enjoying this.
If cities don’t own the land, sewer, water, etc. do the residents have to pay taxes?
Someone with standing, i.e. living in BC, should take this to court, asking for an injunction against paying taxes to the local municipalities.
If the natives take them over, how the hell are they going to get drinking water?
I’m reading the UN definition of indigenous (https://www.un.org/esa/socdev/unpfii/documents/5session_factsheet1.pdf) and I have to say, it fits my family fairly closely. For example:
• Self- identification as indigenous peoples at the individual level and accepted by the community as their
member. (I am currently doing exactly that.)
• Historical continuity with pre-colonial and/or pre-settler societies (My family migrated here about 400 years ago, before colonization began)
• Strong link to territories and surrounding natural resources (we were historically farmers until our land was expropriated)
• Distinct social, economic or political systems (capitalism within a parliamentary democracy)
• Distinct language, culture and beliefs (distinct language: English, distinct culture: Canadian, distinct beliefs: Christian)
• Form non-dominant groups of society (we were in the past, we will be again in the future)
• Resolve to maintain and reproduce their ancestral environments and systems as distinctive peoples and
communities. (were are attempting to maintain our cultural belief of equality of the individual despite pressure to conform)
So I have self-identified as being indigenous, have briefly shown my ancestors pre-colonial presence, attachment to the land, and listed a few of our distinct, and vanishing, cultural beliefs. That, as far as I can tell, meets the UN’s definition. Looking forward to discussing the flaws in my argument. 😉
I identify as “Ingenious”, ie., as a clever mockery of the indigenous.
L – Visit: Beautiful, Untamed British Columbia, run by Stoned-Age people!
Guy I know just sold his cabin in the Flathead Valley in Montana. He was in Invermere area last weekend looking at holiday properties. Told him he had bigger cajones than I did, considering dropping 7 figures on property that may be claimed by the injuns next week/month/year.
Canada will be wiped out to the extent we continue down this path of reconciliation. The legal downside of just the Cowichan issue in BC is ~$3 trillion of losses to be borne by the federal government.
https://cassius133.substack.com/p/cowichan
I know people leaving the province.
At some point, people will realize they have to leave the country instead.
This idiocy makes Separation more plausible..every day.
Fiscal Sanity ?
Separation.
Law and Order?
Separation.
Government by adults?
Separation.
Can Ahh Duh is done,the stupid is so thick in the “Free Stuff” ridings that salvage is impossible.
Confederation can be compared to having “Flood Insurance”,where in the event of a flood,the insured are forbidden salvage of their treasures..As the official assessor must make their call first.
So nothing gets done for weeks as your lifes worth of memories turns to a rotten mouldy mess and your home becomes unsalvable.
Our new national anthem should be “Flakes” by Frank Zappa.
Well, the Liberals have tried this before. In Manitoba in the 1980’s, they declared, entirely falsely, that French had been made an official language permanently and could not have been removed, as it actually was, by the Legislature. On this openly dishonest basis they were prepared to declare all the laws of Manitoba invalid, and all property in the province forfeit to the Crown. But when push came to shove, they didn’t dare. The Supreme Court recognized all the laws as unchallengeably valid and life went on. Of course, public opinion was by that point fully mobilized and there was no doubt that Manitoba would repudiate Confederation rather than submit. At the moment, the people of BC look ready to be trampled on, so maybe they’ll try it now.