BC Ferries: Losing money by cutting service

Think of the money the government could save by closing down the Trans Canada highway! No more expensive road maintenance, and the land could be sold off to build more condos!

…Of course there may be some negatives associated with closing that highway.

Here on the coast much of our province is across water, which means the transportation system we rely on is BC Ferries.

An economic analysis shows that the expected $725k savings from recent cuts is actually causing a loss of $870k in tax revenues as tourism plunges $3.9 million following deep service cuts.

About one in five tourism- ism-based businesses in the Coast-Chilcotin region report foreclosure is a near-term possibility.

More than 40 per cent report losing most or all of their tourist bookings when agencies couldn’t sell the Discovery Coast package due to worries over ferry service.

And three in four businesses report decreased income in the year after the service cuts, according to the report by Larose Research Strategy.

Read the full article here.

Sort by:   newest | oldest | most voted
Zero Down Forty
Guest
Zero Down Forty

Vancouver Ferry Info?

George
Guest
George

I want to thank West Coast Woman for her posts. On the previous thread, your post #48 captured exactly how I feel and how I know many others feel. Your post #60 was very informative about fees and taxes. It did make things clearer in my mind. Thank you so much for your contributions to this blog. I enjoy reading everything you write.

I also want to thank Bull!Bull!Bull! I agreed with every single one of your posts on the previous thread. Please keep it coming.

George
Guest
George

And I want to thank my Mom for helping me learn to tie my shoes when I was thirteen years old.

Thanks Mom.

George
Guest
George

Airnb is a service that allows homeowners to rent out their homes for vacationers here on short stay. It’s causing conflict in condos when residents find out their neighbouring units are essentially operated as hotels. From CBC:

“Ulrike Rodrigues accidentally discovered that three suites in her East Vancouver condo building were available for short term rental when she was checking the Airbnb website for a visiting friend looking for lodging.

“I was mortified,” said Rodrigues, who owns her suite.

She said she’s concerned about building security and losing the community feel of the building.

“This is residential building, and this is a residential neighbourhood. The building is intended for renters and owners, and not hotel guests,” she said.

http://www.cbc.ca/news/canada/british-columbia/airbnb-causing-condo-conflict-in-vancouver-1.2839010

Slagathor
Guest
Slagathor

…An economic analysis shows that the expected $725k savings from recent cuts is actually causing a loss of $870k in tax revenues as tourism plunges $3.9 million following deep service cuts….

I have to question the logic behind this. So, if the Island lost 3.9M in tourism dollars, doesn’t that suggest that the $3.9M was spent somewhere else so that, as far as the BC GOV is concerned, their revenue stays the same, plus they save the original $870k.

Slagathor
Guest
Slagathor

Sorry, should read: ‘they save the original $725’.

crikey2
Guest
crikey2

@Slagathor #4:
By extension, anything that any government does that loses a lot of revenue but saves (less) money is great, because after all lthat money must be spent elsewhere, right? Lol! Great, let’s shut down and sell the Coq like the post above says! Money savings! Why stop there, there’s so much more we can defund, its like money from the sky!

I’ll have to remember that one! Especially next time I’m down in Bellingham spending money instead of taking the increasingly more expensive ferry to the island.

space889
Guest
space889

@George – West Coast Women rant from last post sounds more like: wahhh, I don’t want more people moving into my neighborhood. I want everything to stay the way it was and only the priviliaged few that I approve can move in. Oh it’s only ok to redevelop after my family leaves.

Geez….deal with it woman. More people are moving into Vancouver and that means higher density. Don’t like it? Move! No one is forcing you to stay in Vancouver. I’m sure a lot of First Nation people would like to have their old land back from all the foreigners too. The boat has sailed and if you want live in your own little protected bubble, put up the money and go buy your own Stepford town.

She is the epitomy of NIMBYism.

Billy Bob
Guest
Billy Bob

I’ve got a suggestion for BC Ferries – get rid of the majority of the stooges directing traffic at the terminals! Must feel good doing a job which could be replaced by an arrow painted on the road, as done in most other high traffic areas!

space889
Guest
space889

@George & @West Coast Woman – btw, if you want things to remain like the idyllic past where Vancouver is a small town where nothing happens, run for city council and then freeze all developments. No more mansion, no more high rises on West Side, no more new density, yah things will be perfect again!

Prince Charles was advocating about low rise and such for density in UK in the name of community, family friendliness, and such. Didn’t work out too well and the residents were still complaining about too many people moving in and ruining their neightborhood.

Slagathor
Guest
Slagathor

…I’ll have to remember that one! Especially next time I’m down in Bellingham spending money instead of taking the increasingly more expensive ferry to the island….

Sorry, I missed that part that assumes everyone that would have gone to the island went to the US instead. OK then, it all makes sense.

space889
Guest
space889

Canada Housing in 6 Questions from RBC – Looks like Much Ado about nothing. Maybe that’s why Patriotz bought, admitting he’s wrong and defeat.

http://media.rbcgam.com/pdf/economic-compass/rbc-gam-economic-compass-cdn-housing-201411.pdf

ostritch
Member
ostritch

From last thread…

West Coast Woman you are wasting your breath. Patriotz has a need to correct. You, admittedly, are West Coast, he is no coast. You are a woman. He is a woman. You know the travails of the westside development intimately. He has his books. You experience and have investigated the profits for the city. He has his theories. You have lived and owned on the westside and raised a family there. He has lived in a basement, denied his girlfriend a place in Vancouver and now had to move to Ottawa to make ends meet. Not even central Ottawa. You post once, twice maybe even thrice. He posts a clarification on every point made.

If you are looking for the living embodiment of can’t see the forest for the trees, it is Patriotz.

Garbage
Guest
Garbage

Slagathor,

People go to Vegas instead of Tofino. Have you also noticed more people are riding bikes, Our public services no longer service the public.

When the Skytrain PR tells you bad train services means good business for coffee shops, the games is over. Remember this statement came our from a PR person. The lack of common sense tells you Skytrain is run by morons and their moronic friends.

southseacompany
Member
southseacompany

“Housing bubble begone. Turns out we just might need all those new condos and houses” Financial Post

http://business.financialpost.com/2014/11/19/housing-bubble-begone-turns-out-we-just-might-need-all-those-new-condos-and-houses/

“Are we really overbuilding, constructing too many condominiums and creating too much sprawl? A new report maintains we need that housing more than ever.”

Dave
Member
Ya, those numbers on tax revenue are a joke. Most of that money probably got spent on the Mainland. Business is down in Victoria and Island because it’s a bad place to do business. It’s NIMBY central. The CRD has something like 13 municipalities with a population smaller than Burnaby. BC Ferries are a joke too with their golden handcuff union jobs. Salt Spring Island has 3 ferry terminals for 10,000 people yet, the Mainland has 2 terminals for 3 million. If you tried to build them a bridge from the Island, it would be impossible. If you try to densify the Island to increase Ferry ridership, they’d lynch you. Just because you want to live your idyllic hippy lifestyle, doesn’t mean the taxpayer should foot the bill. I’d like to live at the top of Seymour Mountain, but I… Read more »
southseacompany
Member
southseacompany

“What happens when Canada’s housing bubble bursts?” More from Hilliard MacBeth on CTV. Video.

http://www.bnn.ca/Video/player.aspx?vid=490033

Richardson GMP’s Hilliard MacBeth talks housing bubbles in the context of his upcoming book “When the Bubble Bursts: surviving the Canadian real estate crash,” with BNN real estate reporter Greg Bonnell.

Guy Smiley
Member
Guy Smiley
“More people are moving into Vancouver and that means higher density. Don’t like it? Move!” Or fight it with clear and persuasive arguments like WCW. I’d buy her vision of Vancouver over yours any day Spacey. If we allow this place to be bought, developed and densified without planning or thought, which is exactly what is happening, it will just become a big crowded shithole with insufficient infrastructure. We already have that, do you think current densification is making it better? The quality of life here has been on a steep downward trajectory for a long time. Densification might be inevitable, but would you rather live in Orbit City (George Jetson for those who are unfamiliar) or Kowloon Walled City? And if you hear racism in that last comment Space – ‘deal with it’ as you say. I place much… Read more »
space889
Guest
space889
@Guy Smiley – WCW would be complaining about the same thing if we densified using Paris method of rowhouses/low rise everywhere. She will still not have her little SFH with a backyard just the way she likes it. More people move to city means more people live in the same amount of space, and inefficient use of land like SFH becomes a luxury, and luxury have costs. Simple as that. If you don’t like, you can either run for government and prevent people from moving into your city, freeze development so only the really rich can buy, or densify. If that means you start losing your precious SFH then you have to move where you can still get your SFH and “perfect community” like say Surrey, Coquitlam, Langley, etc. Frankly, building towers along major arterial roads, major transit stations, and… Read more »
space889
Guest
space889

@southseacompany – Looks like RBC’s chief economist disagree with this guy with a very detailed arguments that shred some common bear arguments. See the link I posted about his report.

Remember, you can’t simply seeking confirming arguments cuz that just leads to confirmation bias and group think. Seeking out opposing views is what makes you see things you missed, expand your mind and horizon. You don’t have to agree to it at the end of the day but closing your mind to things that don’t conform to your preconceived view like ardent bulls and bears are what is going to cost you.

space889
Guest
space889

@Dave – We have stopped considering Vancouver Island for vacation now because the roundtrip ferry ride with a car will cost us over $200. And the hotels are bloody expensive as well. Throw in another $500 and we can fly our family down to Vegas/LA/San Diego with cheaper hotel. Or just drive down to and spend that $200 on hotels for Seattle/Woodburns for some cheap retail therapy.

Even taking the bus and get on the ferry as foot passengers is not cheaper and frankly not worth the hassle.

patriotz
Member

@14: “A new report maintains we need that housing more than ever.”

Clearly this report didn’t look at household size (record lows), or square foot per occupant (record highs). Or something like the post-WWII housing crisis.

patriotz
Member

@19: “Looks like RBC’s chief economist disagree with this guy with a very detailed arguments that shred some common bear arguments”

How about the “buying is more expensive than renting even at record low interest rates” argument. Hard to shred since it’s true.

Note to trolls: I’m talking about Vancouver, Toronto, Calgary, not every dwelling in the country.

Joe Mainlander
Guest
Joe Mainlander

Re: #14. ” Turns out we just might need all those new condos and houses” ”

Asset inflation has little to do with supply/demand. Vancouver was growing faster in the 80’s/90’s and there was no housing bubble.

Hand out $500k to everybody who want to buy a home, prices will go up by $500k quite quickly, regardless of supply/demand. That hasn’t exactly happened, but every potential homebuyer has doubled the amount they can borrow since 15 years ago.

It’s the continual real estate industry meme, immigration will keep fuelling home prices, so buy now. Seen this ad before.

Best place on meth
Member
Best place on meth

Latest Vancouver weather forecast:

Rain beginning tonight after midnight, ending in early June.

wpDiscuz