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Victoria's housing market, home prices and values


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#5801 Nparker

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Posted 08 March 2024 - 11:52 AM

Locally, BC Transit has proven to be unreliable. It's a risk to choose your home based on its proximity to transit.



#5802 MarkoJ

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Posted 10 March 2024 - 02:01 PM

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#5803 dasmo

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Posted 11 March 2024 - 08:27 PM

House prices vs. incomes in Canada from 1984 to 2022

https://www.threads....ost/C3Kuiv2ONv2



#5804 Matt R.

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Posted 11 March 2024 - 09:53 PM

Here’s an unusual one, awfully new for nickel bros! Funny, no kitchen. Wonder if it was built as a carriage house or a garage conversion?

https://www.nickelbr...od-coach-house/

#5805 dasmo

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Posted 11 March 2024 - 10:42 PM

Funny because when I built my house and went to get my 40% done draw they told me “you’re 40% done when the kitchen is in!”

#5806 Victoria Watcher

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Posted 19 March 2024 - 11:37 AM

The Bank of Japan's lending rate for overnight borrowing by banks was raised to a range of 0 to 0.1% from minus 0.1% at a policy meeting that confirmed expectations of a shift away from ultra-lax monetary policy.

It was the first rate hike since February 2007.

https://abcnews.go.c...pting-108262514

Edited by Victoria Watcher, 19 March 2024 - 11:38 AM.


#5807 dasmo

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Posted 19 March 2024 - 12:45 PM

Free money. Crazy. I’m curious what it’s actually like there if you are looking to borrow money.

#5808 Mike K.

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Posted 19 March 2024 - 01:06 PM

Probably high service fees.

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#5809 dasmo

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Posted 19 March 2024 - 01:19 PM

Probably high service fees.

Must be something like that.  There are a lot of cheap properties there. 



#5810 Victoria Watcher

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Posted 19 March 2024 - 01:21 PM

15% of Japanese housing is vacant. 8 million homes empty.

Edited by Victoria Watcher, 19 March 2024 - 01:22 PM.


#5811 Nparker

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Posted 19 March 2024 - 01:34 PM

15% of Japanese housing is vacant. 8 million homes empty.


Sounds like we have a solution to Canada's housing "crisis".

#5812 Tony

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Posted 19 March 2024 - 04:16 PM

Cities like Kyoto, which is planning to introduce a vacant house tax, are beginning to roll out new initiatives aimed at promoting the use of empty homes. 



#5813 aastra

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Posted 19 March 2024 - 06:02 PM

 

15% of Japanese housing is vacant. 8 million homes empty.

 

Lucky for them there's no shortage of land over there like there is in Canada and the US.


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#5814 lanforod

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Posted 19 March 2024 - 08:53 PM

I thought their issue is lack of population, not surplus of empty houses. Why would they tax empty homes??



#5815 lanforod

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Posted 19 March 2024 - 08:55 PM

Lucky for them there's no shortage of land over there like there is in Canada and the US.

 

But aastra, Canada has a land shortage! We can't allow that gravel pit in the ALR to have racist single family houses on it!  And that one precious oak tree is far too rare to make room for those rowhomes! We can't afford to give up any government land, we must buy jazz clubs and broke restaurants to ensure our spending quota is met!


Edited by lanforod, 19 March 2024 - 08:56 PM.

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#5816 Matt R.

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Posted 19 March 2024 - 11:17 PM

Sorry, who’s buying restaurants? Asking for a friend.
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