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Victoria's housing market, home prices and values


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#5041 Mike K.

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Posted 15 June 2023 - 12:34 PM

Looking at the prices, I see one home listing in Greater Windsor at 2+ acres. $3 million.

We’re not doing this right.
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#5042 Mike K.

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Posted 15 June 2023 - 12:35 PM

Oh! Hold on. There’s one for $1.6 million. And another for $4.2M.

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#5043 Victoria Watcher

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Posted 15 June 2023 - 12:37 PM

Detroit seems like a high demand area, with 4.3 million people.

 

 

https://www.macrotre...roit/population

 

screenshot-www.macrotrends.net-2023.06.15-16_35_58.png

 

Canada population is increasing by about 3% per year, and almost all go to Vancouver and Toronto.



#5044 Mike K.

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Posted 15 June 2023 - 12:42 PM

^Bad data.

It has a metro population of 4.3M, and it’s growing.

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#5045 dasmo

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Posted 15 June 2023 - 12:42 PM

When “hyper-local” news for the island is broadcast from Vancouver maybe we need to look at how our governments are “fixing” this problem with new eyes. Clown World requires clown glasses.
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#5046 Mike K.

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Posted 15 June 2023 - 12:43 PM

Anyway, if you think our housing costs are a good thing, we’re on different parallels.

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#5047 Victoria Watcher

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Posted 15 June 2023 - 12:44 PM

^Bad data.

It has a metro population of 4.3M, and it’s growing.

 

Link?  I do not believe this.

 

You can't just simply say this, and expect us to believe it.   I post a link every single time I try to show a fact.


Edited by Victoria Watcher, 15 June 2023 - 12:46 PM.


#5048 Mike K.

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Posted 15 June 2023 - 12:49 PM

Link? I do not believe this.

You can't just simply say this, and expect us to believe it. I post a link every single time I try to show a fact.

Hopefully the Detroit News is a little more reliable than some random data website.

https://www.detroitn...wth/3495025002/

The six-county Detroit metropolitan area grew by about 4,700 residents as of July, remaining 14th largest in the nation at about 4.3 million people. Oakland and Macomb led that gain, adding more than 3,000 and nearly 2,800 people respectively. But their increases slowed by nearly 2,000 in Oakland and 500 in Macomb.



"Southeast Michigan is gaining population, albeit slowly, because we still have more births than deaths, and we are attracting immigrants," said Xuan Liu, manager of research and data analysis for the Southeast Michigan Council of Governments, in an email.

People are fleeing the cities for the suburbs all over the Midwest. Detroit is a desirable city, just not in its inner core and central areas.

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#5049 Victoria Watcher

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Posted 15 June 2023 - 12:50 PM

That's an April 2019 article, my friend.   :rtfm:  Before Covid, before WFH.

 

Well over 4 years old.  No good.    :cop:


Edited by Victoria Watcher, 15 June 2023 - 12:55 PM.


#5050 Mike K.

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Posted 15 June 2023 - 12:56 PM

Ok, let’s find one that’s more recent. But it has to include the full metro, not some random cherry pick. Your link was focused on too small a geographic region.

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#5051 aastra

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Posted 15 June 2023 - 01:05 PM

Pinning down a reasonable outline of any metro area in the USA is a bit of a voodoo exercise. Even in Canada we have some ridiculous exaggerations. But in the USA you'll see people trying to include half a state in a city's metro area.


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#5052 Mike K.

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Posted 15 June 2023 - 01:29 PM

And so they should, because the commuter shed in those cities can be massive.

In the US they have the urban population, the MSA and the CSA. Census State Area can be huge, but MSA (Metro Stat Area) is what we would consider Sooke to Sidney. CSA would be the CRD, urban would be what we call Greater Victoria.

Also, we don’t have any point of reference for the sheer size of a large American city. Vancouver from West Van to Mission is small, by American standards. Toronto is more on that level but it’s still not crazy.

Metro Detroit can fit TWO metro Torontos/GTA.

But if you want to get silly, check out the Wikipedia entry for Toronto. It lists something called the Toronto “Region,” with a population of 10 million (Golden Horseshoe). Yeah, ok Toronto. Whatever you say. Victoria’s Golden Horseshoe reaches to Port Hardy, then.

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#5053 aastra

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Posted 16 June 2023 - 10:39 AM

 

And so they should, because the commuter shed in those cities can be massive.

 

When you review some of the included areas and see nothing but farms and isolated towns you should be able to realize different places are using different standards. Otherwise you (Mike K.) would have to accept the legitimacy of the following:

 

Metro Area A:
Population: 465,703
Land area in square kilometres: 7,276

Metro Area B:
Population: 397,237
Land area in square kilometres: 695

 

--

 

In reality the first metro area is most definitely NOT actually one-quarter the size of Vancouver Island. But I'm supposed to believe Mike K. would staunchly insist that it is?



#5054 Mike K.

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Posted 16 June 2023 - 11:44 AM

Victoria’s tiny CMA is a political construct protecting the CVRD turf from the CRD.

Halifax has a realistic CMA, while ours is nonsensical (it defies logic, like pretending the social and economic dependence of a place like Malahat on Victoria does not exist).

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#5055 spanky123

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Posted 16 June 2023 - 12:23 PM

I see the Liberals blew past their target immigration of 500K last year and we welcomed 1.1M newcomers to Canada. At an average these days of 1.7 people per home that means we needed to add just under 650K new homes.

 

Canada passes 40 million population milestone amid immigration push (msn.com)


Edited by spanky123, 16 June 2023 - 12:24 PM.


#5056 aastra

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Posted 16 June 2023 - 12:27 PM

 

 

Halifax has a realistic CMA

 

Come on, there was absolutely nothing realistic about the physical size of Halifax's CMA before this recent enlargement, when it was only 5,000+ square km. But to expand it beyond 7,000 square km is truly absurd. For purposes of comparison, that's three times the size of Luxembourg, 1.6 times the size of Trinidad, 80% the size of Cyprus, or 70% the size of Lebanon or Jamaica.

 

Dude, we're supposed to accept the premise that metropolitan Halifax is actually and legitimately 1.25 times the land area of metropolitan Toronto? How can you not laugh at that idea?
 

Halifax CMA: 7,276 square km
Toronto CMA: 5,902 square km
Montreal CMA: 4,670 square km
Vancouver CMA: 2,878 square km

Edited by aastra, 16 June 2023 - 12:30 PM.

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#5057 lanforod

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Posted 16 June 2023 - 12:28 PM

I see the Liberals blew past their target immigration of 500K last year and we welcomed 1.1M newcomers to Canada. At an average these days of 1.7 people per home that means we needed to add just under 650K new homes.

 

Canada passes 40 million population milestone amid immigration push (msn.com)

 

Old news. I swear, we talked about this like, in February.


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#5058 aastra

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Posted 16 June 2023 - 12:35 PM

Fake-a-pedia says:

 

 

The New York metropolitan area, broadly referred to as the Tri-State area, is the largest metropolitan area in the world by urban landmass, encompassing 4,669.0 sq mi (12,093 km 2).

 

Stats Canada says Metro Halifax is 60% the land area of metro NYC. Mike K. says that's realistic. Now I'm starting to wonder if someone123 has bought you off.



#5059 Mike K.

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Posted 16 June 2023 - 01:01 PM

Come on, there was absolutely nothing realistic about the physical size of Halifax's CMA before this recent enlargement, when it was only 5,000+ square km. But to expand it beyond 7,000 square km is truly absurd. For purposes of comparison, that's three times the size of Luxembourg, 1.6 times the size of Trinidad, 80% the size of Cyprus, or 70% the size of Lebanon or Jamaica.

Dude, we're supposed to accept the premise that metropolitan Halifax is actually and legitimately 1.25 times the land area of metropolitan Toronto? How can you not laugh at that idea?

Halifax CMA: 7,276 square km
Toronto CMA: 5,902 square km
Montreal CMA: 4,670 square km
Vancouver CMA: 2,878 square km

It captures everything. In our case, we capture the absolute bare minimum and even defy gravity by rejecting where our CMA border should have been 20 years ago.

If we looked at our regions more realistically, Nanaimo would be a suburb of Victoria. Everything in between would be a no brainer.

But we’ve chosen to create distinct government entities in the name of regional districts, and now we’ve pigeonholed ourselves because no district wants to give the other any semblance of control. I mean Salt Spring, despite its land mass paralleling Cowichan and Nanaimo districts, is in fact in the Capital Region. Another big part of the problem here is our infrastructure splits us up, it doesn’t join us together. It’s the exact opposite in Halifax.

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#5060 Mike K.

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Posted 16 June 2023 - 01:04 PM

Halifax is interesting, in that its freeways connect to the city seamlessly from large distances away.

Living in Wolfville, 100km from downtown Halifax, is no different commute-wise than living in Sooke, 40 km from downtown Victoria. So anything within that distance in Halifax, is absolutely in the commutershed.

Our infrastructure is ridiculous in BC. Vancouver is no exception.

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