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Victoria's housing market, home prices and values


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#5601 Citified.ca

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Posted 02 December 2023 - 08:42 AM

Victoria's-townhome-values-rose-in-November-and-overall-sales-overtook-last-year,-but-market-still-chill.jpg

A view towards Vic West's growing skyline from along Douglas Street near Bay Street in Burnside Gorge. The Capital's real-estate market is slowly moving towards a buyer's market, but fixed-term interest rates are potentially in-store for a drop from their roughly 6% perch.

 

Mortgage rate drop looks likely this winter, while Victoria's housing market saw ups and downs in November


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#5602 max.bravo

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Posted 04 December 2023 - 08:40 AM

Definitely some political Trudeau-bashing in this video, but overall it's an excellent look at the insanity of Canadian housing prices. 

 

Poilievre's 15 min Housing Hell doc https://www.youtube....h?v=RxKI9zKhDNE

 

Addresses the reasons behind high housing costs. Pretty good watch.



#5603 Mike K.

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Posted 04 December 2023 - 08:43 AM

It’s going to get much, much worse.

Governments are using necessities as cash cows. It started with gasoline. Now it’s entrenched in the cost of housing. It’s coming for other forms of energy. And soon, your food.

Look at your municipal budgets.
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#5604 lanforod

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Posted 04 December 2023 - 09:41 AM

A few key points left out - for good reason I'm sure. I.E. Immigration and student visa numbers (being careful not to alienate immigrant voters?). Provincial impacts (Poilievre needs to be careful there as some province governments are his ally).


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#5605 Nparker

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Posted 04 December 2023 - 09:42 AM

Agreed. It was a very selective look at the housing "crisis". 



#5606 Victoria Watcher

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Posted 04 December 2023 - 09:46 AM

A few key points left out - for good reason I'm sure. I.E. Immigration and student visa numbers (being careful not to alienate immigrant voters?). Provincial impacts (Poilievre needs to be careful there as some province governments are his ally).

 

Indeed.



#5607 Mike K.

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Posted 04 December 2023 - 09:50 AM

He’s not pointing out immigration because when talking about immigration as a contributor to the housing issues, it unfairly blames -the immigrants- themselves.

Immigration is not the problem. Government policies are the problem.

Just like airline passengers are not the problem, when an airline double books their seats.

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#5608 Victoria Watcher

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Posted 04 December 2023 - 09:51 AM

He’s not pointing out immigration because when talking about immigration as a contributor to the housing issues, it unfairly blames -the immigrants- themselves.

 

If you let it.  I don't think anyone here has that opinion.



#5609 Nparker

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Posted 04 December 2023 - 09:52 AM

...Immigration is not the problem. Government policies are the problem...

Government immigration policy is the problem. The numbers are FAR too high.



#5610 max.bravo

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Posted 04 December 2023 - 09:53 AM

He’s not pointing out immigration because when talking about immigration as a contributor to the housing issues, it unfairly blames -the immigrants- themselves.

Only people who get off on this thing would point this out. Nobody else is thinking that.

#5611 Mike K.

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Posted 04 December 2023 - 09:57 AM

I am an immigrant, Max.

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#5612 Victoria Watcher

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Posted 04 December 2023 - 10:02 AM

I'm not an immigrant but my parents are.

 

I don't think many say "immigrants are the problem", but yes many of us say "immigration" is a significant part of the problem.  And it is.  And students.



#5613 max.bravo

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Posted 04 December 2023 - 10:03 AM

I know that. I'm pointing out your double standard re: your smackdown of my 'racism' in the movie thread. (How do you know I'm not part Jewish with the attendant stereotypical proboscis?)



#5614 Mike K.

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Posted 04 December 2023 - 10:09 AM

Are you also part First Nations, Max? You were unnecessarily rude, and fully aware of it, on the heels of making rude comments about First Nations.

I’m not enjoying moderating this forum of late. That sort of content is not why it’s here.

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#5615 LJ

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Posted 04 December 2023 - 07:43 PM

He’s not pointing out immigration because when talking about immigration as a contributor to the housing issues, it unfairly blames -the immigrants- themselves.

Immigration is not the problem. Government policies are the problem.

Just like airline passengers are not the problem, when an airline double books their seats.

Poilievre does talk about immigration elsewhere, and it's common sense as well, bring immigrant workers in in trades and professions that we are short of, makes perfect sense and everybody would support it.


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#5616 Matt R.

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Posted 04 December 2023 - 07:49 PM

^ we do bring in skilled labour, but then we make them wait and wait and wait and wait and jump through ridiculous hoops to allow them to stay where they want to stay.

I see the new housing minister is the previous useless minister of immigration. I’m assuming he’s got his pension locked down now?

#5617 Nparker

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Posted 04 December 2023 - 08:35 PM

...bring immigrant workers in in trades and professions that we are short of...

Are we currently short 500,000 skilled workers each year in Canada? 



#5618 Matt R.

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Posted 04 December 2023 - 09:08 PM

Think of all the housing we could build with that.
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#5619 spanky123

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Posted 05 December 2023 - 07:48 AM

Think of all the housing we could build with that.

 

At least housing for the 500,000 workers I would guess.


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#5620 spanky123

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Posted 05 December 2023 - 07:51 AM

Poilievre does talk about immigration elsewhere, and it's common sense as well, bring immigrant workers in in trades and professions that we are short of, makes perfect sense and everybody would support it.

 

Already did that. Only so many doctors and nurses and engineers want to come to Canada. Instead what is now happening is that we are getting low skilled, low wage workers to help fill jobs that employers don't want to invest in to increase productivity. Once those workers arrive, they then bring in parents and grandparents who are retired but need medical care and a social system to support them.



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