3483 replies to this topic

[Mike K.]

There is no rationale for prices dropping in 2023 well beyond where they are today.

If anything, prices might actually rise as lenders start competing for business and introducing rate deals. If banks aren’t banking, they’ll do whatever they have to do.

[dasmo]

The only thing I see is a return to normalish via nominal dollars. That might take a while. But you never know. Things have proven to be unpredictable lately.

Sorry, I meant real dollars. Those two names should be swapped.
So if rates stay high, wages continue to stagnate so house prices do too but the cost of goods and services continue to rise at this pace then the charts will show a return to normal. Then wages catch up and the next cycle begins.

That’s what I meant anyway.

[Victoria Watcher]

Eby housing plan calls for flipping tax, fund for non-profits to buy rentals

Other measures proposed by NDP leadership hopeful include using public land to fast-track construction of affordable housing, allowing single-family homes to be replaced by up to three units on same footprint


https://www.timescol...rentals-5885341

Edited by Victoria Watcher, 28 September 2022 - 04:12 PM.

[Nparker]

When's the next election?

[dasmo]

If it’s on public land we should get dividends on the rent and own part of the appreciation value in a separate public trust.

[grantpalin]

Surprised Eby came out with that now. Had the impression he was holding off on it until after the election, but had broadly hinted that if he became premier he would be implementing measures to aid housing. Cat's out of the bag now. The proposed measures look reasonable, coming at availability and affordability from different angles. Commentary on Twitter (1, 2) points out that municipal candidates now need to distinguish on more than just housing, or expand on the topic beyond it being a mere talking point.

[Mike K.]

Ontario allows a basement suite province-wide, and they’ll be allowing a third suite province-wife within two years. The big cities (TO, Ottawa and Brampton) already allow three suites.

[lanforod]

Eby said this was in the works long before Horgan stepped down.

[lanforod]

I don't particularly think this is going to make much difference.

[spanky123]

I don't particularly think this is going to make much difference.

 

As usual, it will be the unintended consequences that screw things up.

 

So now BC Housing will now support NPOs in aggressively bidding against developers for properties? Can't see how that would go wrong.

What happens if you are offered a promotion or job transfer at work and you have to move? 

Upzoning everything to a duplex or triplex won't increase pricing but MMI would?

 

Eby has so badly managed BC Housing that the board and CEO had to be 'exited'. Now we want to trust him with more money and more responsibility?

[Victoria Watcher]

No kidding.

[Victoria Watcher]

New figures provided to The Canadian Press show nearly 4,500 service members and their families who applied for military housing were sitting on a waitlist administered by the Canadian Forces Housing Agency in July.

 

The situation underscores what defence chief Gen. Wayne Eyre has identified as a significant shortage of affordable housing for Canada's military. Earlier this year Eyre said it was as one of the top concerns for his troops.

 

The Defence Department has about 12,000 military housing units available to rent on Canadian Forces bases and wings but Eyre has said that between 4,000 and 6,000 more units are needed.

 

The waitlist is close to 700 at CFB Esquimalt near Victoria, B.C.,where the local base commander has started letting new sailors live in their training quarters for months after their initial training is finished.

 

“Something that I have done out of empathy and concern for the position that our junior sailors find themselves in is to absorb those sailors into what are meant to be training and operational accommodations,” said navy Capt. Jeffrey Hutchinson.

 

Other bases and wings with large waitlists include Halifax, Comox, B.C., and Ottawa, Borden, Petawawa, Kingston and Trenton, all in Ontario.

 

 

 

https://www.timescol...housing-5901350

[LJ]

The trouble with providing cheap housing to the armed forces is that when they retire, they are turfed out of the PMQ's and have no ability to purchase anything at market rates. The first couple of years you are in you can live in barracks, which is fine, but after that you should be looking to provide for yourself.

In the navy a lot of guys would share with someone else on another boat, when they were away you were at home and vice versa.

The weather ships Vancouver and Quadra were good like that as well, out for seven weeks and then in for seven.

[Victoria Watcher]

Esquimalt looks to have all new construction be emission-free by mid-2025

Township to join neighbouring communities in beating the province to the requirement

https://www.vicnews....ee-by-mid-2025/

Edited by Victoria Watcher, 05 October 2022 - 07:22 AM.

[sebberry]

Esquimalt looks to have all new construction be emission-free by mid-2025

Township to join neighbouring communities in beating the province to the requirement

https://www.vicnews....ee-by-mid-2025/

 

So instead of having a natural gas hookup for the BBQ, you get to hop in your V8 truck and drive to the gas station for propane.  

 

The only reason more turkeys weren't ruined is because people had gas or propane as a backup

https://www.cbc.ca/n...island-1.755840

[Victoria Watcher]

https://twitter.com/TristinHopper

 

[Mike K.]

We’re building record numbers of houses. We just keep growing so fast through in-migration and immigration, that it doesn’t make much of a difference for lower income earners.

[Victoria Watcher]

We’re building record numbers of houses. We just keep growing so fast through in-migration and immigration, that it doesn’t make much of a difference for lower income earners.

 

Not sure.

 

 

https://www.statista...rts-since-1995/

 

 

1950 population:  13.7M - average 4 persons per household

Today:  38.4M - average 2.5 persons per household  

 

https://www150.statc...2015008-eng.htm

 

Edited by Victoria Watcher, 10 October 2022 - 07:44 AM.

[Mike K.]

I’m referring to our region, which Hopper is referring to as well, I assume?

We have shown that locally we cannot build our way out of an affordability problem. We have also taxed vacation properties, we’ve restricted AirBnBs in Victoria, and are building the smallest units we’ve ever built en masse, but it’s still not enough.

And now we’re making it tougher for small time investors to make their investments work, which is going to cause more condo projects from moving forward.

[Victoria Watcher]

I’m referring to our region, which Hopper is referring to as well, I assume?

We have shown that locally we cannot build our way out of an affordability problem. We have also taxed vacation properties, we’ve restricted AirBnBs in Victoria, and are building the smallest units we’ve ever built en masse, but it’s still not enough.

And now we’re making it tougher for small time investors to make their investments work, which is going to cause more condo projects from moving forward.

 

I agree.