Inventory: Double Double
While you’ve been watching the big milestones on the growing number of houses, condos and townhouses for sale in Vancouver (15,000! 16,000! 17,000!) there’s a little milestone you may have missed: The doubling of number of units for sale since the beginning of the year. We started off 2010 with 8724 units for sale, which means 17,448 is the magic number.
Could we triple inventory this year? To do that we’d need to hit an inventory of 26,172 places for sale, which would be far higher than any year in recent memory. Have we ever had that many units for sale in Greater Vancouver? The West Side has the biggest head start – they’re already close to 150% of the number of listings from January 1st.
May 13th, 2010 at 9:37 pm
Whybuywhenyoucanrent I've been waiting for you here. You'll like this site so much more.
McLovin
May 13th, 2010 at 8:20 pm
Double Double…
Protein-style with grilled onions, extra tomatoes, extra letture, and fries!
Mmmmm.
WBWUCR't'13?
May 13th, 2010 at 8:40 am
Yes, please understand that those regulators, bankers and politicians did indeed know this would end bad.
They engineered it to.
And they will also give you the solution too.
Problem – Reaction – Solution
Learn it. Live it.
May 13th, 2010 at 2:05 am
@chip:
They know damn well there's a bubble, indeed the Canada-wide bubble was created deliberately by many of these people.
They're lying.
May 13th, 2010 at 12:39 am
I graduated from UBC engineering in 2003 and tuition was about 15k total for a 5 year program (with co-op). I looked at the fees on their page today and it's roughly $150 per credit or $450 for a 3 credit course. Was $100 per credit just when I graduated. Cost of books hasn't changed much. Gas, parking, transit, housing, food, I'm guessing, has increased?
http://www.students.ubc.ca/finance/fees.cfm?page=…
I do think students have it easier today (remote computing, technological advances, more opportunities) but based on the numbers above, costs did go up.
May 13th, 2010 at 12:14 am
Would like to add for courses like engineering amongst the biggest costs were textbooks. Those have stayed the same in nominal terms or dropped as it is much easier to get copies online now. Sorry don't buy the more expensive part. Can someone show me numbers to back up there claims.
May 13th, 2010 at 12:11 am
I think people have brought up a lot of points with regards to education. I agree with real paul success is determined by who you know rather than what you know in BC. For those who know no one I am not sure if a degree helps, my experience tells me its arbitrary as to who succeeds. Sure if you have no degree its hard to get a job that requires one but those jobs don't pay anymore than unskilled jobs now adays.
As for online degrees or not it doesnt have anything to do with education costs. I can't speak for baby boomers but educations has not increased drastically from 15 years ago. The biggest costs are still rent and food. So being someone in my mid 30's I don't get the original argument that people like me had it easy. I don't think education is higher if you consider inflation. In fact I would reckon its cheaper.