3510 replies to this topic

[dasmo]

Only need to build ten of these!

 

https://www.boredpan...national-china/

[Tony]

At even 300,000 , a record high,  a year for 8 years it is only 2.4 million.

[dasmo]

Maybe just redirect the students to China? Most of them aren't attending physical schools anyway. 

 

Even 1.4 billion people can’t fill all of China’s vacant homes, ex-official admits
https://www.cnn.com/...-hnk/index.html

[Victoria Watcher]

The dirty secret of the housing crisis? Homeowners like high prices

 

Large chunk of housing demand in Canada comes from investors

 

https://www.cbc.ca/n...state-1.7170775

 

 

 

 

Well, the headline is certainly true.   Homeowners do like high prices (for the homes they already own) and most Canadian adults are homeowners.

[Victoria Watcher]

Eight communities on Vancouver Island are among the list of the next 20 that will have housing targets set by the B.C. government.

 

Central Saanich, Colwood, Esquimalt, Nanaimo, North Cowichan, North Saanich, Sidney and View Royal are the Island communities identified on the list. The remaining 12 elsewhere in the province are Chilliwack, Kelowna, City of Langley, Maple Ridge, Mission, New Westminster, City of North Vancouver, Port Coquitlam, Prince George, Surrey, West Kelowna and White Rock.

 

The province says the 20 communities were chosen due to being high-growth and high-needs areas where more action is needed to build more homes, quicker.

 

“We are addressing the housing crisis with our municipal partners so thousands more affordable homes can be built for people who need them,” said Ravi Kahlon, minister of housing.

 

“Our goal for the next 20 communities is to build on the work they are already doing, while they continue to implement the recent provincial legislative changes. This group includes communities that are doing well on housing and some that need to do more.”

 

The province announced 10 communities in May 2023 to have housing targets, with three Island communities on that list — Victoria, Saanich and Oak Bay.

 

 

https://www.cheknews...ovince-1200712/

[Nparker]

...We are addressing the housing crisis with our municipal partners so thousands more affordable homes can be built for people who need them...

Even using spurious NDP logic, I fail to see how forced quotas create more affordable homes.

[Victoria Watcher]

Even using spurious NDP logic, I fail to see how forced quotas create more affordable homes.

 

I don't even understand how it creates more homes.   You can't just will them into existence.  Or spend them into existence like the feds are trying.

Edited by Victoria Watcher, 23 April 2024 - 02:31 PM.

[Nparker]

I don't even understand how it creates more homes. You can't just will them into existence.  Or spend them into existence like the feds are trying.

You don't believe Justin will create 3.87 million new homes over the next 7 years?*

*that's over 1500 new homes completed every single day across Canada

[Victoria Watcher]

You don't believe Justin will create 3.87 million new homes over the next 7 years?*

*that's over 1500 new homes completed every single day across Canada

 

 

Nope.

[Tony]

Toronto Condominium Apartment Sales Q1 2024

 

Condominium apartment unit sales numbered 4,747 units in the first quarter of 2024, rising 5.3% compared to the same quarter in 2023.

 

https://creastats.cr...les-by-category

Edited by Tony, 24 April 2024 - 07:35 AM.

[Mike K.]

Up 5.3% over there, down 85% over here.

Brutal.

...sales of new condo units in The Greater Toronto and Hamilton Area (GTHA) reaching levels reminiscent of the late 1990s in the first three months of the year, with just 1,461 new condo units sold. That marked a decline of 85 per cent from the sales peak recorded in the first quarter of 2022 and a 71 per cent drop from the 10-year first quarter average.

 
https://financialpos...inally-hit-wall

[Victoria Watcher]

Toronto Condominium Apartment Sales Q1 2024

Condominium apartment unit sales numbered 4,747 units in the first quarter of 2024, rising 5.3% compared to the same quarter in 2023.

https://creastats.cr...les-by-category

You are indeed a master of sleight of hand.

The article I posted referenced NEW condos as in nobody is building them. Investors are not buying them to add to the rental stock. That’s a problem. Not the number of condo resales.

Edited by Victoria Watcher, 24 April 2024 - 10:31 AM.

[Mike K.]

I must say, Tony is a bit of an enigma here. I’ve seen government spin doctors work less tirelessly to push a positive image of tragically failing governments.

[Victoria Watcher]

The Mayor of New Westminster is pushing back after being added to the provincial government’s housing targets list.

 

“I don’t need new orders to get housing built,” said Patrick Johnstone, Mayor of New Westminster. “This council is approving and doing its work.”

 

The Housing Supply Act, announced last year, allows the B.C. government to set housing targets for select municipalities. Initially, 10 communities were told they’d have to build a certain amount of housing over the next five years, but on Tuesday, 20 more were named — including New Westminster.

 

“I was surprised, I was shocked about it, I think it demonstrates the minister doesn’t really understand the work we’ve been doing at New Westminster and in the last decade to meet and exceed our housing targets,” Johnstone said.

 

Johnstone says from 2011 to 2021, 5,000 units of new housing were built in New West, adding the city currently has 6,000 units of housing sitting in the development permit or construction phase.

 

“New Westminster leads the region actually in getting new housing built, we lead the region in purpose built rentals, in transit-oriented development, and the kind of housing that this region needs,” Johnstone said.

 

The City of North Vancouver was also surprised it’s being given housing targets.

 

“In my previous conversations with the minister I have been very clear that the city’s growth cannot be scaled up as a result of ordering target. However, in the spirit of collaboration, we will continue to engage with the province on housing and infrastructure,” Mayor Linda Buchanan said.

 

 

https://vancouver.ci...hlon-johnstone/

 

 

 

 

New West only has a current population of about 70,000, so the numbers above are quite good, I think.

 

 

 

Edited by Victoria Watcher, 25 April 2024 - 02:25 AM.

[Victoria Watcher]

Greater Victoria municipalities are feeling confident that they will be able to meet new provincial housing targets after a number of them were named as priority communities with “high-need” for housing.



https://www.vicnews....targets-7350090

Edited by Victoria Watcher, 25 April 2024 - 04:46 PM.

[Victoria Watcher]

Oak Bay unlikely to meet provincial housing target, says report

Oak Bay’s goal was set at 664 new housing units over five years, with 56 in the first year, but only seven net new units have been completed in the six months since the targets were set.


https://www.timescol...-report-8655977

Edited by Victoria Watcher, 26 April 2024 - 04:39 AM.

[Victoria Watcher]

On track for 90. Rather than 664.

[Nparker]

Good for Oak Bay. More municipalities need to defy these NDP fascists.

[Victoria Watcher]

Good for Oak Bay. More municipalities need to defy these NDP fascists.

 

 

 

If a municipality is not making sufficient progress on its targets, the municipality needs to submit a report outlining the actions it will take over the next two years to reach targets, a spokesperson for the Ministry of Housing said in a statement.

 

If there is still no progress, the housing minister can appoint an advisor to review municipal processes to assess its effectiveness in approving housing. The minister can consider making directives or approving a building permit, the ministry spokesperson said.

 

The spokesperson acknowledged it will take time for projects to be developed and said the province is committed to helping municipalities address barriers preventing them from meeting targets.

 

 

 

 

 

 

Doesn't sound so bad.

[Nparker]

The province is over stepping its boundaries. This needs to stop.