1903 replies to this topic

[Victoria Watcher]

There are 400,000+ additional reasons each year why the housing "crisis" in Canada isn't going to improve.

 

400,000 is low.

 

[Nparker]

I was deliberately erring on the low side, so as not to appear to be exaggerating.

[Victoria Watcher]

Plus the 800,000 students:

 

 

 

[Victoria Watcher]

Sorry, make that 900,000.

 

 

Canada is experiencing a significant surge in international student enrollment this year. The country poised to welcome a record-breaking 900,000 international students by the end of 2023. 

 

 

This achievement comes as a testament to Canada’s reputation as a top destination for students from around the world.

 

Last week, the new Immigration Minister Marc Miller spoke to CBC about the likelihood hosting a record number of foreign students in Canada by the end of 2023. 

 

 

 

 

https://canapprove.c...00000-scholars/

 

 

 

 

 

I like how they use a white person as the model.

 

 

Edited by Victoria Watcher, 25 November 2023 - 08:50 AM.

[Victoria Watcher]

https://www.settler....ents-to-canada/

 

 

[dasmo]

It’s a sign of insane clown world that the demand is never mentioned in the equation of price. It’s a slap in the face every day from our officialdom. This is why the pendulum is swinging hard in other countries…. Unreasonable will potentially be matched with unreasonable. This is why it’s so dangerous.

[Victoria Watcher]

 

 

 

 

705-711 Johnson Street presents the opportunity to acquire a mixed-use retail/residential building. The opportunity spans three floors, with the main floor comprised of two commercial retail units over approximately 6,900 SF, the 2nd and 3rd floors are each 5,168 SF and have a total of 41 residential units. The total building area is 17,236 SF. The two retail spaces boast 16’ ceilings and prominent Johnson St frontage. 705 Johnson St is occupied by Board with Friends, a local board game café. 707 Johnson St is currently vacant and is purpose built for a gym but can accommodate a range of other uses. Each space features its own washrooms, with an additional shower amenity in 707 Johnson St. The upper levels house 41 single occupancy rooms, known as York Hotel, each level is equipped with half and full washrooms, with a laundry room on the 3rd floor. The residential units are currently rented at below market rates, offering a potential to increase the overall income of the property. 

 

$4,700,000

 

 

707 Johnson St
Victoria, British Columbia V8W1M8

 

https://www.realtor....ctoria-downtown

 

Edited by Victoria Watcher, 16 January 2024 - 03:11 PM.

[LJ]

100% better than a tent.

[Matt R.]

Anyone know the rent on these? $400? Do they come with an electric car charger?

[Nparker]

...Do they come with an electric car charger?

Do they even come with electricity?

[Matt R.]

The cars? No that’s why you need a plug.

[Nparker]

I was thinking more of the luxury accommodation pictured above. 

[Ismo07]

 

 

 

 

 

705-711 Johnson Street presents the opportunity to acquire a mixed-use retail/residential building. The opportunity spans three floors, with the main floor comprised of two commercial retail units over approximately 6,900 SF, the 2nd and 3rd floors are each 5,168 SF and have a total of 41 residential units. The total building area is 17,236 SF. The two retail spaces boast 16’ ceilings and prominent Johnson St frontage. 705 Johnson St is occupied by Board with Friends, a local board game café. 707 Johnson St is currently vacant and is purpose built for a gym but can accommodate a range of other uses. Each space features its own washrooms, with an additional shower amenity in 707 Johnson St. The upper levels house 41 single occupancy rooms, known as York Hotel, each level is equipped with half and full washrooms, with a laundry room on the 3rd floor. The residential units are currently rented at below market rates, offering a potential to increase the overall income of the property. 

 

$4,700,000

 

 

707 Johnson St
Victoria, British Columbia V8W1M8

 

 

 

 

Can we get a VV buying group and cash in on this?

[Harry]

Annual Property Taxes

$36,224

[Ismo07]

 

Annual Property Taxes

$36,224

 

 

Covered by one month of rents

[Victoria Watcher]

Victoria third most expensive city to rent in Canada

 

The average price for a two-bedroom purpose-built rental unit in Greater Victoria was $1,839 in 2023

 

https://www.timescol...-canada-8193066

 

 

 

 

 

 

 

 

‘Incredibly stressful time’: Rents continue to rise in Greater Victoria, with low vacancy rates

https://www.cheknews...-rates-1188812/

Edited by Victoria Watcher, 01 February 2024 - 04:57 AM.

[Nparker]

I am sure the CoV's recent property tax increase will rectify this situation in no time. 🙄

[Victoria Watcher]

$33,000,000

 

https://www.realtor....?view=imagelist

 

 

Attention DEVELOPERS!! Very rare opportunity to purchase 2.01 acres of ideally located re-development land. Current use is a near 100% rented 87 unit apartment building built in 1977 with a site coverage ratio of 26%. The apartment consists of 11 one bed, 6 studio, 3 three bed, 1 two bed + Den and 66 two bed units. The subject property is designated as part of a Neighborhood Centre under Saanich’s OCP 2008, Appendix to Bylaw 8940. The District of Saanich OCP supports the following building types and land uses in Major and Neighborhood “Centers”: Townhouse (up to 3 storeys), Low-rise residential (up to 4 storeys), Mid-rise residential (up to 8 storeys), Live/work studios & Office (up to 8 storeys), Civic and institutional (generally up to 8 storeys) and Commercial and Mixed-Use (generally up to 8 storeys). Buyer to verify the potential land use with Saanich prior to writing an offer. Financials only provided as a condition of an accepted offer.

 

Edited by Victoria Watcher, 22 February 2024 - 10:54 PM.

[Matt R.]

Did we see this yet?

“1 Part 3 of the Residential Tenancy Act, S.B.C. 2002, c. 78, is amended by adding the following section:

Prohibition on rent increase if unit becomes vacant
43.2 If a rental unit rented under a tenancy agreement becomes vacant, the landlord must not require an amount of rent payable in respect of the unit that is greater than the amount that the landlord could have required under this Act had the unit not become vacant and continued to be rented by the tenant who caused the vacancy.”

https://www.leg.bc.c...-reading/m201-1

[Mike K.]

Here we go!

Are there any other jurisdictions in Canada that have this stipulation?