This is a court ordered sale that has been completely gutted. The unit is in good condition but is just bare down to the walls. This would be great for an investor, rentals allowed & the only reno required are installation of finishings. The flooring is concrete, the kitchen is just piping, no cabinets in the bathroom. Sound silly but the hard part of a reno is done & the place is clean. Complex is under new management, great for families right next to Newport Village. First time buyer may be able to get mortgage plus improvements & take advantage of this low price.

Just spent around $12,000 for exterior & interior painting. Superior quality home built by European builder. Elegant grand foyer with 18' high ceiling and oak hardwood throughout foyer, living room and dining room. Home features acrylic stucco beaut crown moulding, crystal chandeliers, double staircase with aluminum casting railing to upstairs. Large master bedroom has view, granite fireplace and deluxe ensuite. All bedrooms have their own ensuite. Dream kitchen has spacious and bright nook, granite countertop and a second wok kitchen. Basement fully finished with a huge recreation room with 3 more bedrooms. It also contains 1 bonus bedroom suite with separate entrance. 3 car garage.

Amazing City, Water & Sunset views in one of Upper Lonsdale's finest neighbourhoods! Custom built to last for generations to come, this solid 4 bdrm/4 bath home features an ingenious floor plan w/ living area on top floor to take advantage of the incredible views from all rooms. A huge enclosed solarium extends entire front length of home offering views galore! Brand new gourmet kit w/ big island. New H/W in LR & DR, new carpet in bdrms & new paint throughout! This property is a gardener's dream w/ lovingly nurtured gardens, rockeries, fruit trees & a giant 20 ft palm that looks over the inground pool & hot tub which has a cabana w/ a full bath. Easy to suite down or use for rec and storage!

"Young families welcome" call now to view. This one owner 3 bdrm home with unfinished basement. Features: sunken family room, south facing, easy to maintain, private back yard. Close to school, shopping & transit. Easy to view on short notice!!!

Excellent area with nice neighbours + walk to Coquitlam Center, bus at your door! This home is very well layed out with 2 full ensuit baths, big family room with spacious kitchen has lots of counter space. The owner of this park just put 2 new homes in so it seems your rental would be quite secure here. Pets allowed. Quick possession posible.

Excellent area with nice neighbours + walk to Coquitlam Center, bus at your door! This home is very well layed out with 2 full ensuit baths, big family room with spacious kitchen has lots of counter space. The owner of this park just put 2 new homes in so it seems your rental would be quite secure here. Pets allowed. Quick possession posible.

Beautiful home in Canyon Springs. Four bdrm up, spacious master w/ensuite & Jacuzzi tub. Main floor features huge kitchen with eating area & island all looking over a large sunken family room. Traditional style living & dining room off of large inviting entrance way. New carpets & paint. Basement features 2 bdrm suite & an extra rec room. Walking distance to all levels of schools, including Douglas College, close to everything. Located on a cul-de-sac. Mountian views from kitchen and family room.

Perfect 2,418 sf, 6 large bedroom family home on a cul-de-sac no traffic super safe for the kids. This home features 3 bedrooms up, family room off the kitchen overlooking your huge private yard 7,976 sf flat lot. Large open & bright formal living & dining area. Downstairs is a legal 2 bedroom suite that is very bright & spacious perfect for in-laws, mortgage helper or ideal for a daycare. There are 2 rooms down that could be kept for upstairs use & make it a 1 bedroom suite. This 15 year young house will not be available for long so be the first to view. Call now.

Bright south west corner unit in The Brockton. Award winning Unimet builders with a west coast inspired design. Large bright two bedroom home. Beautiful laminate hardwood floors, upgraded appliances, detailed tile entry,kitchen and bathroom floors, Acoustic double windows, makes this a quite comfortable place to call home. Open modern floor plan allows tons of natural sunlight to pour in. Master bedroom has a generous walk in closet that will satisfy the fussiest wardrobe collection. There may even be room for his clothes. Convienently located walking distance from all amenities; transit, shops, schools and wonderful Queens Park where you can walk fido. All measurements are approx. Please verify if important.Open Sat Feb 21 2-4pm.

Truly 1 of a kind! 2 bdrm + den loft or 3 bdrm, 1,372 sq. ft. penthouse corner unit with 2 large balconies and a private roof top deck. Great room style layout perfect for entertaining, shows better than new with all high end features. 16" vaulted ceilings in the living room, mountain and park views north, east and west. 3 parking stalls, newer very well run building, walking distance to everything, guest suite is free to use. 2 dogs allowed. Call to view!

The best unit available! 2 bdrm 2 bath 1344sqft. All the comfort and luxury of a single family home at a fraction of the price. This home features new engineered hardwood floors, brand new roof, newer appliances, designer paint colours, bright spacious layout, 2 x 6 construction, insulations exceeds code and so much more. This is a modular not a mobile and is legal for city lots as well. Situated in a prime location, walk to shops, and transit, easy access to Hwy 1. Open House Sun Feb 1st, 2-4pm. Call now to view.

Perfect family townhouse, 3 bdrms, 2.5 baths, 2 levels in super central location 1/2 block to elementary school easy commute everywhere. Nicely renovated with new tile floors, new appliances and washer/dryer, meticulously kept, shows great. Large private patio at front door and balcony off the living room. Safe area in the complex for children to play. Master bdrm large enough for a king bed and features high ceiling window. 2 parking insuite storage + additional locker, call for private viewing, open house Sun Feb 8, 1-3pm.

Located directly across from Gates Park, yet still just down the street from Shaughnessy Village boutiques, South Verde offers a unique blend of peaceful parkside living with urban convenience. Minutes from schools, transit, restaurants and shopping including Coquitlam Centre. This two bedroom & den is sure to impress you with its open floor plan and stylish features including solid granite countertops in the kitchen & bathroom, sleek stainless steel appliances and contemporary laminate wood flooring. South Verde's amenities include a fitness studio with outdoor patio, a meeting room and a theatre room. Exceptionally priced and ready to move in now. Additional parking available if required.

Really spacious floor plan that is open and bright. Both bedrooms have ensuite full baths, the master has a huge soaker style tub. Big kitchen, lots of cabinettes and counter space. Built in china cabinette in the bright dining area. All rooms are large and there is lots of big closets. Storm windows with screens and the vendor is having a new roof installed. The furnace is updated as is the hot water tank. Nicely set up in a pet friendly park with a good sized garden area. Parking for 3 vehicles and xtra guest parking close by. The bus stops at your door and it is 5 minutes to Coquitlam Center for shops, dining,etc.

Spacious 1 bedroom in rainscreened building facing courtyard in super central location! Great open layout perfect for entertaining absolutely huge master bdrm w/ W/I closet. Walk to Coquitlam River Trail, West Coast Express, downtown PoCo, shopping, easy access to hwy. Building features rec room, guest suite, new roof, pet friendly, 1 parking and storage locker incl. Call now for private viewing!

Spacious 1 bedroom in rainscreened building facing courtyard in super central location! Great open layout perfect for entertaining absolutely huge master bdrm w/ W/I closet. Walk to Coquitlam River Trail, West Coast Express, downtown PoCo, shopping, easy access to hwy. Building features rec room, guest suite, new roof, pet friendly, 1 parking and storage locker incl. Call now for private viewing!

Spacious 1 bedroom in rainscreened building facing courtyard in super central location! Great open layout perfect for entertaining absolutely huge master bdrm w/ W/I closet. Walk to Coquitlam River Trail, West Coast Express, downtown PoCo, shopping, easy access to hwy. Building features rec room, guest suite, new roof, pet friendly, 1 parking and storage locker incl. Call now for private viewing!

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Marx’s Proposal Number Five seems to be the leading motivation for those backing the Wall Street bailout 

By Martin Masse
In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.”
If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him.
Indeed, analysts at the Heritage and Cato Institute, and commentators in The Wall Street Journal and on this very page, have made declarations in favour of the massive “injection of liquidities” engineered by central banks in recent months, the government takeover of giant financial institutions, as well as the still stalled US$700-billion bailout package. Some of the same voices were calling for similar interventions following the burst of the dot-com bubble in 2001.
“Whatever happened to the modern followers of my free-market opponents?” Marx would likely wonder.
At first glance, anyone who understands economics can see that there is something wrong with this picture. The taxes that will need to be levied to finance this package may keep some firms alive, but they will siphon off capital, kill jobs and make businesses less productive elsewhere. Increasing the money supply is no different. It is an invisible tax that redistributes resources to debtors and those who made unwise investments.
So why throw this sound free-market analysis overboard as soon as there is some downturn in the markets?
The rationale for intervening always seems to centre on the fear of reliving the Great Depression. If we let too many institutions fail because of insolvency, we are being told, there is a risk of a general collapse of financial markets, with the subsequent drying up of credit and the catastrophic effects this would have on all sectors of production. This opinion, shared by Ben Bernanke, Henry Paulson and most of the right-wing political and financial establishments, is based on Milton Friedman’s thesis that the Fed aggravated the Depression by not pumping enough money into the financial system following the market crash of 1929.
It sounds libertarian enough. The misguided policies of the Fed, a government creature, and bad government regulation are held responsible for the crisis. The need to respond to this emergency and keep markets running overrides concerns about taxing and inflating the money supply. This is supposed to contrast with the left-wing Keynesian approach, whose solutions are strangely very similar despite a different view of the causes.
But there is another approach that  doesn’t compromise with free-market principles and coherently explains why we constantly get into these bubble situations followed by a crash. It is centered on Marx’s Proposal Number Five: government control of capital.
For decades, Austrian School economists have warned against the dire consequences of having a central banking system based on fiat money, money that is not grounded on any commodity like gold and can easily be manipulated. In addition to its obvious disadvantages (price inflation, debasement of the currency, etc.), easy credit and artificially low interest rates send wrong signals to investors and exacerbate business cycles.
Not only is the central bank constantly creating money out of thin air, but the fractional reserve system allows financial institutions to increase credit many times over. When money creation is sustained, a financial bubble begins to feed on itself, higher prices allowing the owners of inflated titles to spend and borrow more, leading to more credit creation and to even higher prices.
As prices get distorted, malinvestments, or investments that should not have been made under normal market conditions, accumulate. Despite this, financial institutions have an incentive to join this frenzy of irresponsible lending, or else they will lose market shares to competitors. With “liquidities” in overabundance, more and more risky decisions are made to increase yields and leveraging reaches dangerous levels.
During that manic phase, everybody seems to believe that the boom will go on. Only the Austrians warn that it cannot last forever, as Friedrich Hayek and Ludwig von Mises did before the 1929 crash, and as their followers have done for the past several years.
Now, what should be done when that pyramidal scheme starts crashing to the floor, because of a series of cascading failures or concern from the central bank that inflation is getting out of control? It’s obvious that credit will shrink, because everyone will want to get out of risky businesses, to call back loans and to put their money in safe places. Malinvestments have to be liquidated; prices have to come down to realistic levels; and resources stuck in unproductive uses have to be freed and moved to sectors that have real demand. Only then will capital again become available for productive investments.
Friedmanites, who have no conception of malinvestments and never raise any issue with the boom, also cannot understand why it inevitably leads to a crash.
They only see the drying up of credit and blame the Fed for not injecting massive enough amounts of liquidities to prevent it.
But central banks and governments cannot transform unprofitable investments into profitable ones. They cannot force institutions to increase lending when they are so exposed. This is why calls for throwing more money at the problem are so totally misguided. Injections of liquidities started more than a year ago and have had no effect in preventing the situation from getting worse. Such measures can only delay the market correction and turn what should be a quick recession into a prolonged one.
Friedman — who, contrary to popular perception, was not a foe of monetary inflation, but simply wanted to keep it under better control in normal circumstances — was wrong about the Fed not intervening during the Depression. It tried repeatedly to inflate but credit still went down for various reasons. This is a key difference in interpretation between the Austrian and Chicago schools.
As Friedrich Hayek wrote in 1932, “Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion. ... To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about ...”
The confusion of Chicago school economics on monetary issues is so profound as to lead its adherents today to support the largest government grab of private capital in world history. By adding their voices to those on the left, these confused free-marketeers are not helping to “save capitalism”, but contributing to its destruction.

Financial Post
Martin Masse is publisher of the libertarian webzine Le Québécois Libre and a former advisor to Industry minister Maxime Bernier.

Photo: Karl Marx

The Ultimate Peace and Quiet. This one owner, one bedroom plus den is located in a rain screened building right beside a quiet park. Perfect place to play with the dog, read a book or tend the baby! The home is nicely updated with laminate and ceramic floors, crown mouldings and very nice colours. In "move in" condition you will not be disappointed with this one. The den is large enough for a nursery or guest bedroom. There is a separate laundry room with great storage. The kitchen had lots of cupboards and a pass through to the dining room. Pets are allowed. Home is a short walk to schools, Starbucks and West Coast Express (takes you downtown Vancouver in 45 Minutes).