6072 replies to this topic

[Victoria Watcher]

 

 

 

 

 

$2,995,000

 

 

1096 Maple Rd
North Saanich, British Columbia V8L5P5

 

https://www.realtor....anich-deep-cove

Edited by Victoria Watcher, 10 June 2025 - 05:35 AM.

[Citified.ca]

 

Q&A on Victoria's development industry with Niall Paltiel of Island View Land Mgmt.

https://victoria.cit...view-land-mgmt/

[aastra]

What's the deal with this field?

[aastra]

It's just the extended yard for 2645?

[Victoria Watcher]

Housing reform advocacy groups representing Victoria and communities across B.C. are calling on the province to take greater action to fight the housing crisis.

Victoria housing advocacy group Homes for Living YYJ – a mix of homeowners and renters, including policy analysts, mapping/zoning specialists and students – is among the eight signatories. The group advocates for more homes through policy reform to make Greater Victoria more affordable for people across the income and housing needs spectrum.

“There are still far too many barriers to building housing,” director Sam Holland said in a news release. "Exclusionary zoning, high fees, and lengthy permitting timelines are keeping new homes scarce and rents and prices high."

While the province has made significant progress permitting new apartment buildings near transit as well as small-scale housing in local neighbourhoods, more work is needed to expand the supply of apartments, multiplexes, and townhouses in major cities.



https://www.vicnews....-change-8075078

[Mike K.]

There is going to be a huge push among voters to back off on the existing housing measures, not to increase the pressure even further.

[Citified.ca]

 

Decade in review: Greater Victoria added 22,000 high density rental and condo units since 2015

https://victoria.cit...its-since-2015/

[Victoria Watcher]

Canada is facing a housing crisis. Could it take a page from Europe?

In the Austrian city of Vienna, more than half of its residents live in some form of subsidized housing


https://www.cbc.ca/n...odels-1.7565611

Edited by Victoria Watcher, 22 June 2025 - 02:42 AM.

[Victoria Watcher]

I think Hitler did too.

[LJ]

So in London average rent for a one bedroom is &2200 which is over $4000. So I think Canada's housing crisis is way overblown. There are lots of place you can rent for $2500 or less a month, the only crisis we have is people don't want to pay that price.

So the answer in the UK is applying for a council flat where the rent is about &140 a week or about $1200 monthly. However you have to apply for it, there are waiting lists, you can be black balled, single people are the bottom of the list, it's means tested and many other requirements/conditions.

[Mike K.]

My SIL has had enough of London and recently moved to Manchester where things aren’t as insane, in terms of the pace of life and the cost of living. She’ll be here in a week, so I’ll get the full scoop. Her guy is in finance, based in Manchester. He’s got some good stories on the spending habits of British high society.

[Mike K.]

CBC on Vancouver’s condo market problems:

Industry experts say it's the result of a "perfect storm" of four major forces converging: high interest rates and softening rental income, reduced foreign capital and lower immigration — all of which have created a challenging environment for both buyers and builders.

- https://www.cbc.ca/n...arket-1.7573303

It’s the taxes, the tenancy regulation changes and the taxes. It’s not low immigration. Although foreign capital falls under taxes, and then there’s the ban.

The NDP have killed the condo market. Even if interest rates fall, the property taxes, purchase taxes, holding taxes, flipping taxes, rental taxes and provincial building code changes leading to higher costs, are what’s doing in the industry. Add to that the still dragged out permitting process and it’s no better today to build condos than before the government tried to fix an industry that by comparison was doing well.

[Victoria Watcher]

My SIL has had enough of London and recently moved to Manchester where things aren’t as insane, in terms of the pace of life and the cost of living. She’ll be here in a week, so I’ll get the full scoop. Her guy is in finance, based in Manchester. He’s got some good stories on the spending habits of British high society.

 

Manchester is pretty sad compared to London though.  In terms of things to do.