This makes no sense. I choose the single person over the couples. The current tenant in the suite I help rent is a single guy.
Dunno, that was what I figured when I seemed to get turned down or ignored for anything barely over 600 sqft.
Posted 16 June 2020 - 08:01 PM
This makes no sense. I choose the single person over the couples. The current tenant in the suite I help rent is a single guy.
Dunno, that was what I figured when I seemed to get turned down or ignored for anything barely over 600 sqft.
Posted 17 June 2020 - 07:43 AM
Dunno, that was what I figured when I seemed to get turned down or ignored for anything barely over 600 sqft.
A landlord might see DINKs as a better financial risk (ie one loses a job and the other can still pay).
Posted 22 June 2020 - 07:18 PM
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Posted 22 June 2020 - 08:16 PM
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Posted 26 June 2020 - 03:58 PM
Starting to see downward pressure on rental rates...
https://victoria.cra...7145883846.html
Posted 29 July 2020 - 10:15 AM
https://victoria.cit...housing-crunch/
Posted 07 October 2020 - 05:40 AM
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Posted 07 October 2020 - 07:13 AM
Horgan is imposing a rental rate increase ban through the end of 2021, including overriding any leases signed between tenants and landlords prior to the increase ban.
As housing values rapidly rise in the CRD, whatever suppression is used now will eventually be overcome later out of basic economic necessity. So while the rent increase ban is politically good today, it’s not going to have the intended affordability impact over the medium term, and as we start paying back the debt accrued due to covid rental rates will reflect the higher costs of doing business.
Further to this, rental development is drying up on the West Shore.
You have a source for this?
Posted 07 October 2020 - 07:18 AM
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Posted 07 October 2020 - 07:29 AM
Horgan is imposing a rental rate increase ban through the end of 2021...
Presumably, this ban extends to my property taxes and strata fees as well. Why are property owners being asked to carry an unfair burden of costs in a time of crisis?
Posted 07 October 2020 - 07:32 AM
In this instance my friend, Google is your friend.
Ah found it. Buried under all the $1000 bribe headlines.
Posted 07 October 2020 - 07:34 AM
Bribes with the taxpayers' own money.
Posted 07 October 2020 - 07:37 AM
Coupled with the inability to evict individuals, lost rental revenues, and now the rental increase ban, there is going to be a serious reckoning when the dust settles by 2022. The market can't sustain property tax and operating cost increases at the levels they continue to increase, and now facing unprecedented debt, the future is not going to be pretty.
The NDP planned to build 100,000-units of housing within several years, and at the pace they have brought social housing units to market thus far, they will not reach the 100,000-unit figure until 2118. I'm not kidding.
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Posted 07 October 2020 - 07:46 AM
Bleak.
Posted 07 October 2020 - 09:15 AM
Presumably, this ban extends to my property taxes and strata fees as well. Why are property owners being asked to carry an unfair burden of costs in a time of crisis?
It will backfire when things open back up and we have more in-migration (economy humming, uni students back in full swing). Landlords will increase to accommodate for the extra risk when new units hit the market.
Posted 07 October 2020 - 09:53 AM
And did most of those units go to people who do not work in the cities they are housed in, many of them homeless newly arrived in town, therefore not making things better for the low income workers but actually worse by taking inventory out of the existing pool?Coupled with the inability to evict individuals, lost rental revenues, and now the rental increase ban, there is going to be a serious reckoning when the dust settles by 2022. The market can't sustain property tax and operating cost increases at the levels they continue to increase, and now facing unprecedented debt, the future is not going to be pretty.
The NDP planned to build 100,000-units of housing within several years, and at the pace they have brought social housing units to market thus far, they will not reach the 100,000-unit figure until 2118. I'm not kidding.
Posted 07 October 2020 - 09:53 AM
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Posted 07 October 2020 - 10:03 AM
No problem.. the city will take over the business of providing housing ... exactly what they want...The risk is in government policy.
So now you’ll have built is risk in rental prices, knowing there could be economically damaging government intervention at any point.
Ie, someone who would have rented a suite at $900 might now push for $1,000, just to ensure any adverse policies are buffered.
Of course in Victoria it’s more like charging $1,700 in lieu of $1,600.
Posted 07 October 2020 - 12:41 PM
Toronto in trouble.
Condo Listings Surge 215% in Signal of Downtown Toronto Weakness
https://www.bloomber...of-new-listings
Posted 07 October 2020 - 06:48 PM
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