Ah yes, I see that now.
The author of the G&M op-ed is also averse to discussing who the big players in Canada's rental industry are, and their ties to Canadian pension funds.
Posted 18 June 2021 - 06:53 AM
Ah yes, I see that now.
The author of the G&M op-ed is also averse to discussing who the big players in Canada's rental industry are, and their ties to Canadian pension funds.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 21 June 2021 - 08:18 AM
$2,358,800
770 Lands End Rd
With almost two thirds of an acre on the waterfront, this property has a magnificent view of Cowichan Bay and one of the most amazing sunsets you will ever lay eyes on. Cleared and ready for you to build your dream home, this location is one of the most sought-after oceanfronts you can find. If you're looking to build in an area that everyone can't wait to move into, don't hesitate in this busy market!
https://www.realtor....anich-deep-cove
Posted 22 June 2021 - 04:22 AM
Edited by Victoria Watcher, 22 June 2021 - 04:26 AM.
Posted 22 June 2021 - 05:24 AM
Edited by Victoria Watcher, 22 June 2021 - 05:33 AM.
Posted 02 July 2021 - 01:25 PM
$1.22M was the average paid for a single-family-home in June, the highest average (and a corresponding median) ever.
June set new record for house prices in Victoria amid 17% real-estate sales uplift
https://victoria.cit...e-sales-uplift/
Posted 05 July 2021 - 11:31 AM
Posted 05 July 2021 - 11:43 AM
Pro-SFD residents against multi-family development encroachment in their neighbourhoods will change their tune once Aryze knocks on their doors with seven figure cheques.
Posted 05 July 2021 - 02:46 PM
Mayor Helps wants to put a stop to council’s gatekeeping of development proposals that meet the OCP guidelines.
The mayor says such a clause should remain in effect until a 7,000-unit under-supply of housing is rectified.
7,000-unit under-supply of homes in the City of Victoria has mayor advocating fewer political obstacles to development
https://victoria.cit...to-development/
Posted 05 July 2021 - 03:54 PM
Posted 05 July 2021 - 04:05 PM
Pro-SFD residents against multi-family development encroachment in their neighbourhoods will change their tune once Aryze knocks on their doors with seven figure cheques.
The problem is, where do you buy after the cheque gets cashed? We have such a low inventory environment at the moment, that people are afraid to sell their homes. That's why active inventory is nearly half of what it was one year ago, which was then considered ultra-low.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 05 July 2021 - 04:55 PM
Inventory to buy is part of the problem but it may equally be that people have simply settled in for the long term. These things tend to go in cycles.
Posted 13 July 2021 - 07:17 AM
tristan hopper on housing prices:
Critics of this notion will often point out that only 10 per cent of the Vancouver housing market is owned by non-residents. However, given that only a small fraction of a city’s housing market will come up for sale in a typical year, even a moderate amount of outside cash thrown into the mix can tip the scales into the realm of $1 million teardowns. Stock prices, for instance, are routinely sent into the stratosphere by buyers bidding up a small fraction of a company’s available shares.
“While many downplay this factor (“it’s only X% of the buyers!”), Economics 101 will tell you that the marginal buyer sets the price,” wrote BMO Chief Economist Douglas Porter in a 2016 report.
https://nationalpost...house-in-canada
Nevertheless, it would be wrong to characterize foreign capital as the singular factor blowing up the price of Canadian real estate.
New Zealand, for instance, maintains an outright ban on any foreign ownership of an existing property within the country. This means that if you’re a non-resident who wants to live amongst Kiwis (such as Canadian-born director James Cameron), you’ve got to be prepared to build your own home. Despite this, New Zealand housing prices have still managed to rise an eye-watering 24 per cent over the last 12 months.
Edited by Victoria Watcher, 13 July 2021 - 07:18 AM.
Posted 13 July 2021 - 07:30 AM
Pro-SFD residents against multi-family development encroachment in their neighbourhoods will change their tune once Aryze knocks on their doors with seven figure cheques.
It's going to have to be well over market value for anyone to be interested. Seven figures is pretty much every lot in the core now. I'd be surprised if anyone with a 1.2m house would accept less than at least 1.5-1.6 at the moment. That 300-400 will evaporate pretty quickly too.
Posted 13 July 2021 - 10:46 AM
Jeff Bray: “We need to build lots of low-income housing, lots of purpose-built rentals, high-end condos, housing for workers. But really it’s the purpose-built rental housing that is so critical, as it brings in the young professionals, the downtown workers, and ensures our employers operate in a community that provides attainable housing for their employees, and through this diversity our businesses can be more resilient to withstand any future downturn in the economy.”
Posted 13 July 2021 - 08:15 PM
Posted 14 July 2021 - 04:10 AM
Posted 14 July 2021 - 04:51 AM
we have no shortage of space.
never have.
the UK is 8 times larger than the Island and and has 90x the population. and still has lots of countryside.
Edited by Victoria Watcher, 14 July 2021 - 04:54 AM.
Posted 14 July 2021 - 05:00 AM
Posted 14 July 2021 - 06:54 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 14 July 2021 - 08:35 AM
^ Good for them. Let them build their own house.
Here is a perfect example in todays TC. They sell their Toronto home and then start whining in the local press that they are having trouble finding what they want.
What did they think was going to happen? Didn't they do their research? What ....Toronto doesn't have an internet or a telephone?
I'm sorry Mike but people have been moving here until they have filled it up. Now they move here and whine about it being full. If they do find a roof over their head they complain about it not being affordable. Of course it's unaffordable.....it's full.
Retired couple Skip Dean and Denbigh Atack Dean, who have a small dog, sold their Toronto-area home to move here. They’ve discovered “it’s a tough go,” to find a two-to-three bedroom house with a garage in the $2,000 to $3,000 range.
https://www.timescol...rent-1.24341920
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