Tag Archives: affordable

Friday Free-for-all! August 19th 2016

It’s that time of the week again, Friday Free-for-all time!

This is our standard 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:

How to deal with 200+ comments
Canada a real estate nation waiting to crash
Industrial market nothing like residential market
Housing Action for Local Taxpayers
Auditor warnings on real estate ignored for 20 years
Subprime lending is booming
Working for free in Vancouver
Is real estate market in free fall?
Agent: best time to buy in 2 years
Absorption rate at 25%
Sold as percent of inventory by day
Vancouver moves ahead with affordable housing

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

Friday Free-for-all! April 14th 2016

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

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

Eby on Real Estate Fraud
Affordable Housing Program
Nothing free-market about boom
Concord Pacific buys Molson land
Gentle jaw-boning for looney
Southseacompany on YouTube
Tricks of the trade
Millennials scramble before priced out
Downgraded growth for Canada
Your parents made money, you won’t
Poloz stuck in corner?
Research Chair escapes from UBC
Harsher penalties needed?

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

Where are the 3 bedroom condos?

M- and MarKoz brought up this topic – Vancouver seems to be seriously lacking in affordable family housing.

There are lots of 1 and 2 bedroom apartments, but not much available for 3-4 bedrooms until you go to houses.  M- suggest the city requires more large units to be built to provide future homes for Vancouver families:

CoV could require condo developers to include a much larger percentage of 2-bed and 3-bed units in the towers that they’re approving, and require some of those units to have a more family-sized square footage. Maybe in exchange for higher density, to make it less controversial.

It won’t help much of anything today, but it will prevent today’s towers from becoming tomorrow’s ghettos.

My wife and I used to have an 800 sq.ft condo. It was too small for the two of us. Then we got a 1000 sq.ft apartment, and it was enough space for the two of us (we would have liked more, but it was good enough).

Then we had a kid.

The 1000 sq.ft unit slowly became too small for our family, so we’ve upgraded to a house (rental, of course).

We keep an eye on the condo/house markets, and there’s not much selection of 3-bed units out there, until you get into houses.

MarKoz adds:

When I went condo hunting I could find nothing similar. You would have marginal master bedrooms and second bedrooms the size of a closet. The master bathroom was usually huge at the cost of a smaller living room etc. All had fireplaces – a waste of precious wall space in a small unit. Stainless and granite with barely enough counter space to lay a pizza box. Closets were minimal as was out of suite storage.

I moved on to townhouses. 1200 square feet spread over 3 floors is worse than 800 square feet on one floor. So much space given over to stairs and landings.

Who wants these places? Apparently everyone but me. They sure are selling. In the US they have plenty of 3 bedroom units but I guess those don’t attract specuvestors like 565 sq ft one bedrooms.

 

Downtown jail to become affordable housing

The vacant remand center in the downtown eastside is going to see new life as affordable and low income housing.

In a $13 million dollar project, the former jail cells are being converted into homes.

In addition to the residential units, the development will include the conversion of the existing jail gymnasium to a multi-purpose room, a community garden in the courtyard, a communal lounge and a bicycle storage facility.

“By combining affordable housing with support services and job training opportunities, we’re providing quality housing and strengthening the Downtown Eastside economy at the same time,” said Vancouver mayor Gregor Robertson.

The remand centre functioned as a jail for those not yet convicted of crimes, including the Air India bombing suspects, for 30 years before closing in 2002. The property has sat vacant ever since, prompting Vision Vancouver to recommend repurposing the space in 2006.

Read the full article over at Global News.

Friday Free-for-all!

It’s that time of the week again!

lets do our regular end of the week news roundup and open topic discussion post for the weekend!

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

Vancouver sales decline 32%
Vancouver drags down national numbers
Time to panic
Vancouver market cooling too quickly?
Last September was a different season
Realtors forced to change jobs
What did Billy do wrong?
HPI vs the San Diego bubble graph
Policies will not make housing affordable
House rich, lifestyle poor
Condos best rented, not owned

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