5333 replies to this topic

[LJ]

Immigration targets.... targets.... if it is being managed at all it should be managed to account for the needs of our economy and the needs of our existing residents. Things like our overcapacity health care system, housing affordability, infrastructure etc are all reasons to manage immigration. This is not being done. Instead the department is focused on juicing it without consideration for these factors. This is my concern. Not people moving here, not immigrants, not other cultures here. The melting pot concept is what makes us great. But there is no need to force us into a vision dreamed up in seminars held in Davos by billionaires... WE should have a say in our communities. Otherwise it's colonisation not immigration.  

But we are not a melting pot, we are a cultural mosaic. A melting pot might be an improvement.

[LJ]

Love the high interest rate chat, my last mortgage was 10%, and we thought we got a steal.

[Matt R.]

We started about where we are now, but the housing wasn’t a million plus…

[Citified.ca]

Despite high interest rates, July sales in Victoria saw $1.37M average for houses; condos, townhomes maintained plateau

https://victoria.cit...tained-plateau/

[LJ]

This is not about housing exclusively, but how investing in housing has hurt our economic output..

 

 

https://youtu.be/XomvuLPiTWM

[spanky123]

 

Despite high interest rates, July sales in Victoria saw $1.37M average for houses; condos, townhomes maintained plateau

https://victoria.cit...tained-plateau/

 

 

GDP growth rate in China is currently 6.3%. Canada is 1.4%. Lots of wealthy Chinese to keep driving up prices.

[Victoria Watcher]

Forty percent of Trudeau’s new cabinet are landlords or real estate investors, up from 30%

 

https://tnc.news/202...ords-investors/

[spanky123]

^Well if they have mortgages against their rental properties and are in markets with rent controls then they probably deserve our pity rather than disdain!

 

I wonder if the author feels that having rental properties owned by REITs and large corporations is better than individual ma and pa landlords?!

[Citified.ca]

We can expect costs to continue to rise as government fees and costs are becoming a huge factor in the rising cost of new housing.

 

Q&A with developer Jordan Milne on factors impacting housing prices, and Victoria's rental market

https://victoria.cit...-rental-market/

[Victoria Watcher]

New listing:

 

 

 

$9,380,000

 

Prime opportunity to own 3 acres in Queenswood on the ocean front.

 

https://www.realtor....nich-queenswood

 

1st time to market in 50 yrs!

 

Sweeping ocean views out to the San Juan Islands and 85 M of foreshore provide a picturesque backdrop with plenty of peace & privacy. Development possibilities include subdividing into 3 lots, or live in the current residence while constructing your ocean front dream home! Current residence provides 3,000sqft of living space over 3 levels, with main floor living, plus 4 bedrooms above & lots of storage below.Exceptional outdoor living with sprawling patio areas, several decks & stone pathways. Park like property includes mature trees, lush landscaping & an outdoor pool overlooking the active waterways. Envision a custom designed home with lavish finishings throughout, bringing new life to this treasured property, the possibilities are truly endless. Nearby amenities include lots of shopping & dining options, golf courses, recreation centres, marinas, extensive trails, parks & beaches. 

 

 

 

Edited by Victoria Watcher, 11 September 2023 - 05:11 AM.

[Victoria Watcher]

[Victoria Watcher]

Oak Bay ‘masterpiece’ finally sells after 14 years on Greater Victoria market

https://www.vicnews....-market-4337992

The home sold for $7.5 million, according to Scott Piercy of Engel and Volkers Vancouver Island, but a look through this listing’s history reveals a real estate price roller coaster.

The mansion, which features more than 14,000 square feet of living space, was originally listed in 2009 for $11.5 million. Then the house, which has five bedrooms, two kitchens and 10 bathrooms, sat on the market at that price until 2016, when the price was dropped to $9.7 million.

Edited by Victoria Watcher, 16 September 2023 - 04:46 AM.

[Victoria Watcher]

This house is good for anyone that has sudden bladder issues. You are never far from the closest bathroom.

Designer: now what should we do with this space here off the kitchen?
Owner: another bathroom, of course.
Designer: what about here adjacent the laundry?
Owner: another bathroom
Designer: how about here at the front door?
Owner: you know the drill

Edited by Victoria Watcher, 16 September 2023 - 05:00 AM.

[Nparker]

I just assumed there were 2 bathrooms attached to each bedroom so you'd be equidistant from both sides of the bed.

[Victoria Watcher]

$7,688,000

 

 

 

4035 Locarno Lane
Saanich, British Columbia V8N3Z9

 

 

So picturesque it was once the setting of a Hollywood movie featuring Matthew McConaughey. This luxurious 6-bedroom 5-bath 6,044-foot residence is stationed on a manicured 1.01-acre waterfront lot with 370 feet of shoreline. Just 2 mins drive to UVic and 10 minutes from downtown Victoria, BC, this gated property offers ultimate privacy, 270-degree water and island views, expansive patios, an infinity pool, 20-foot primary room ceilings, heated granite floors and more. While this residence is virtually move-in ready, 4035 Locarno Lane is also ripe with opportunities for transformation: Angular exterior features harken to contemporary Scandinavian design that could be readily brought to life with a new metal roof and HardiePlank siding. Similarly, this residence’s north and south wings offer distinct living spaces that could be devoted to an owner’s suite, and quarters to house children / young adults, guests, or home support staff to allow the future owner to gracefully age in place.

 

 

https://www.realtor....saanich-arbutus

 

 

 

 

 

 

 

 

 

 

 

So picturesque it was once the setting of a Hollywood movie featuring Matthew McConaughey.

 

 

 

 

Can't find this.  aastra?

Edited by Victoria Watcher, 17 September 2023 - 04:15 AM.

[Mike K.]

Annual inflation rose to 4% in August, up from 3.3% in July, driven largely by rising fuel costs.

Looks like interest rates are going to go up again, probably 2-3x more by next spring.

What’s the average now for 5 year rates. 5.75% or thereabouts? So what can we expect by spring, about 6.5%, maybe closer to 7%? Is that what it’ll take? Those mortgage rates convert to 11-13% for lines of credit.

[dasmo]

Good plan. Make people’s houses even more expensive. Reduce spending even more. Bankrupt more businesses. Clown World economy edition.

[Matt R.]

^ at least the higher rates are bringing inflation under control!

Edited by Matt R., 19 September 2023 - 09:51 AM.

[dasmo]

THEY printed billions for nothing except advertising and buying/distributing/coercing government juice from foreign companies. Inflation is unstoppable. It’s called currency debasement. This isn’t rocket science.

[Mike K.]

BC still charges you a luxury car tax if your vehicle is worth $55k or higher.

The Ford F-150 bare bones 2x4 regular cab short bed starts at $50k for 2024. It was $29.9k several years ago, in 2017. Now you add 4x4 to a bare bones pick-up and you’re paying luxury tax.

That’s why your plumber is charging $175/hour, kids.