Archive for the ‘Open Topic’ Category

FFFA! Bubble, Oil, Toil

Friday, October 17th, 2014

You made it to the weekend!

And that means its time for another Friday Free-for-all! This is our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

-End of the boom?
-A look at bankruptcy and foreclosure
-Alberta anxious over dropping oil
-HAM or BCM?
-Prices wont go up or fall

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

FFFA! Income, Losses, Investment

Friday, October 10th, 2014

Its the end of another beautiful week and a long weekend to boot!

And that means it’s time for our regular Friday Free-for-all post, this is our end of the week news round up and open topic discussion thread for the weekend.

Here’s a few recent links to kick off the chat!

-19.8% Avg loss at Olympic Village 2011-2014
-Retirement savings at risk?
-Oliver sees no bubble
-CMHC brings risk to taxpayers
-BC buyers seek investments
-Canadian RE among most overvalued
-$1000 house

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

The problem isn’t prices, it’s the buyers

Tuesday, October 7th, 2014

Over on Medium there’s an Op-Ed by Spencer Thompson on the high cost of Vancouver Real Estate.

Not just the literal high cost of property, but the risk of a greater price paid by the city .

The secret that no-one actually wants to talk about is that the quality of a city is mostly determined by a simple factor — the number of smart, ambitious people who live there. These people are the ones who want to drive that city forward by investing in opening businesses, donating their time to the arts & community, participating in city planning, etc… Without them, growth wouldn’t happen and you wouldn’t get all of the benefits that great cities enjoy.

The biggest contributor to the decline of a great city is simple — it’s the decline of those smart people. When they decide that the cost of living in a place outweighs the benefit, they move. They don’t just take their money with them, they take their intellectual and future capital with them. This is dangerous. When people aren’t willing to make an investment in a place to live any more, the city doesn’t just lose their taxes for the year, they lose a massive function of potential jobs created, culture added and future capital they can put to work.

Read the full article here.

Now clearly Mr. Thompson is a believer in foreign investors as a primary driver of prices in this city, but whatever the cause, HAM, Drugs or Credit, does he have a point? Do high real estate prices risk driving out ‘smart people’ who would contribute to a brighter future for the city?

FFFA! Houses, Garbage, Income, Listings

Friday, October 3rd, 2014

Hey! It’s Friday already, that means it’s Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

Here are a few recent links to kick off the chat:

-Housing Bubble set to burst?
-Surge of listings in metro Van
-Realtor Hunger Index a bit over avg.
-Garbage piling up around charity bins
-We have lowest incomes for educated

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Historic accord splits control of properties

Thursday, October 2nd, 2014

They’re not making any more land, but we still seem to be finding some to build on.

The 21 hectare Jericho lands in Point Grey is part of an agreement to split control of three Vancouver properties between a crown corporation and three First Nations – the Musqueam, Squamish and Tsleil-Waututh Nation.

David Eby, MLA for Vancouver-Point Grey, said he was heartened to learn that a deal had been made regarding the Jericho Lands.

“There had been a lot of people in the community, myself included, that believed this land would be tied up in negotiations – potentially in court – for many years,” he said. “There’s a very clear and well-established traditional use of this land by First Nations. They were certainly entitled to it and it sounds like they received a fair share of their lands. It was certainly a surprise to hear that it has happened at all, let alone so quickly.”

Mr. Eby said the significance for the community he represents is that development will proceed faster than many anticipated.

“I would not be understating it to say that many members of the community that are neighbours to this property are incredibly concerned about the type of development that could potentially be located at this site,” he said.

“I can tell you everybody from affordable housing advocates to environmental groups … to the West Point Grey Homeowners’ Association has weighed in with different perspectives about what should happen here. That consultation will be challenging, but it’s critically important that it happen.”

Read the full article here.

 

Vancouver: Getting better or worse?

Monday, September 29th, 2014

Pete McMartin has an editorial over at the Vancouver Sun about the ‘amenity paradox‘ – that is that the attributes that make a city attractive to live in eventually erode liveability.

“It’s funny that you should mention the Amenity Paradox,” said author and urban planner Lance Berlowitz. “I was thinking about that very thing last month when I was in Barcelona. It’s one of my favourite cities and I’ve been there many times, and local people I know there were complaining that they can no longer afford to live in the city, that it has become too tourist-oriented, that, like Paris, it has become a caricature of itself.”

That is not the case in Vancouver. As much as our Chamber of Commerce would convince us of our global significance, we are not anywhere near being in the league of Barcelona, Paris, or even Toronto, for that matter. And we have a long way to go in terms of becoming truly urbane.

Wrote Bob Ransford, consultant and bi-weekly columnist for The Sun on urban design:

“We are quite delusional about what we are in Vancouver. We’re a small regional city that has seen a population spike, changing quickly some of our old ways. Those old ways were not that impressive. We’re like the 14-year-old — neither an adult nor a child, but we think we’re pretty special and we pretend we’re more gorgeous than any other teen — yet we’re terribly insecure.

So what do you think? Is Vancouver getting better as it grows more mature or are we still an adolescent insecure city in many ways?

Read the full article here.

Friday Free-for-all Fall Edition!

Friday, September 26th, 2014

Hey! You made it to the end of another work week and into the autumn. It’s another sunny day in paradise as the air turns crisper.

Lets do our regular end of the week news round up and open topic discussion thread for the weekend – Friday Free-for-all time!

Here are a few recent links to kick off the chat:

-Another housing bubble alarm
-2 million east of Fraser
-Petronas threatens LNG cancelation
-Conference board knocks high prices
-Absent homeowners fee
-Free money to jumpstart economy

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Friday Free-for-all! Here comes Autumn.

Friday, September 19th, 2014

It’s the end of another work week and you know what that means…

Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend, here are a few recent links to kick off the chat:

-World warns of Canada risk
-Fed renews zero rate, hints at hike
-BC too laid back for China business
-HAM a myth?
-How locals afford homes
-Slackers are Debtors?
-FIPA is coming

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Friday Free-for-all!

Friday, September 12th, 2014

Well well well, you made it to the end of another work week!

That means it’s time for our regular Friday free-for-all post. This is our regular end of the week news Roundup and open topic thread for the weekend. Here are a few recent links to kickoff the chat:

-Canadians feel financial squeeze
-Growing number lack emergency funds
-Fitch: Canadian market 20% overvalued
-CMHC could force banks to pay deductible
-Van & Toronto: Record building permits
-How to go broke on $400k a year
-Live with renters to help pay mortgage
-Complaints over monster homes
-Rejection of Chinese steel delays bridge
-Can China end BC school strike? (1:45)

So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!

Friday free-for-all!

Friday, September 5th, 2014

Its the end of another week and that means it’s Friday Free-for-all time!

This is our regular end of the week news round up and open topic discussion thread for the weekend.

-news links to come?

So what are you seeing out there?

Post your news links, thoughts and anecdotes here and have an excellent weekend!

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