Tag Archives: bubble

BC, Canada, data, economy, opinion, prices, supply

Is more supply the answer?

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Southseacompany posted a link to this story about housing supply in the Vancouver area.

“What’s causing the supply shortage is the restrictive single-family home neighborhood zoning on 85% of our residential land base. That keeps out young families, middle income earners and renters, who can’t afford single-family homes,” said Anne McMullin, president and CEO of the Urban Development Institute, Pacific Region.

“We clearly need a regional housing strategy with more homes for more people,” she added. “That means more high-rise apartments along rapid transit corridors and more townhomes, rowhomes [and] multi-family low-rises.”

But recent studies show the reverse is true: fewer people can afford to buy condominiums in the Metro suburbs that have seen the greatest increase in supply over the past two years.

Read the full article here.

Open Topic

Friday Free-for-all! September 29 2017

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It’s that time of the week again, 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:

–what happening with housing policy?

–what could be done for housing?

–20% of homeless have jobs

–risk of housing bubble

–lose 25% of buying power?

–

So what are you seeing out there? Post your news links, thoughts and anecdotes in the comments below and have an amazing weekend!

BC, opinion, politics, prices

Ask David Eby anything at noon today

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David Eby is definitely one of the most vocal politicians in Vancouver when it comes to issues around housing.

Have you ever wanted to ask him a question?

Now’s your chance. Eby will be hosting an ‘ask me anything’ thread on reddit today at noon (June 22nd)

His first comment on that thread:

I’m looking forward to it. A bit nervous, I’m expecting challenging questions on this important issue. I’ll do my best to answer, or to find the answers for you. I’m also interested to hear suggestions for policy opportunities and what you think needs to be done to respond to the housing crisis. See you then!

Let us know in the comments below if you spot anything note-worthy.

David Eby AMA June 22nd 12pm on Reddit.

 

Open Topic

Friday Free-for-all! June 17th 2016

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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:

–Lowest interest rates in 5000 years
–Tales from a line-up
–Careful with that equity Eugene
–Would ‘Brexit’ affect our prices?
–Bank of mom & dad
–More tales from a line-up
–Housing bubble alarm

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

BC, debt, economy, mortgage, opinion, predictions, prices

Gentleman says “It’s not if, but when bubble bursts.”

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CCEC Credit Union is a vancouver-based lender.

Their CEO has the delightful name of “Ross Gentleman” and is interviewed over at BNN where he says that the Vancouver housing market is in a bubble and it’s not if, but when it bursts:

He says they are seeing a number of people ‘trolling’ lenders looking for financing on speculative purchases.

He calls the upper end of the market potentially more volatile and says that CCEC is committed to more conservative lending and tends to focus mainly on primary residences.