Tag Archives: permits

Friday Free-for-all!

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!

FFFA! Condos! Arson! Flat! Plummet!

It’s that time of the week again, time to 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:

Great Canadian crash of 2013
Permits plunge into basement
BC condo market on fire
Prices falling faster than USA
Sales people say soft landing
Fence-sitters will be sorry
Price reductions by area
Inventory Graphs
Construction quality issue
Ending debt binge leaves $50bn hole
Ping Pong Pricing Principle

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

We built this city on real estate

From a Vancouver Sun article about shifting tax burdens for the province posted by New Junky:

The convention comes on the heels of a business taxation report that suggests provincial and federal government decisions have had negative financial implications for local government.

The report by an expert panel also suggests the province doesn’t have any more money to dole out, Moore said. But he takes heart in a recommendation that the province work with municipalities to find alternate forms of funding to provide services.

“We really feel there hasn’t been a lot of cooperation,” he said.

Delegates’ resolutions include using development cost charges to fund projects such as recreation centres, fire halls and flood mitigation. Moore said other suggestions will focus on grants and shifting existing taxes — such as income, corporate and sales taxes — from the province to the municipalities, where they originate.

Moore noted changes in everything from improved workplace standards in fire halls to cameras in jail cells and rifles for RCMP vehicles have a financial effect on local government.

“We have to pay the price with no revenue coming with it,” he said.

It seems that local governments are becoming increasingly dependent on Development Cost Charges.

It seems like a bad way to pay for essential services like fire halls. How are we going to pay for these things after all the real estate development stops/slows because of a real estate crash???

Are city councils going to approve real estate development projects that are bad for the community simply because city finances are addicted to Development Cost Charges just to keep the fire halls functioning???

Read the full article here.

Friday Free-for-all!

Yeah, it’s the weekend!  That means it’s time for our regular end of the week news round-up and open topic discussion thread, here are a few recent links to kick off the chat:

18k Inventory party!
Updated inventory graph
Taxpayers victims of ‘hot money’
Welcome to Effluent Richmond
1 month later Telus still not sold out
special offer, $510,000 off
CMHC dismisses bubble talk
The CMHC board of directors
Silver linings of slow growth economy
Condo craze gets crazier
Wolverine moves down under
Huge drop in Chinese immigrants
Building permits rise, just not here
Pastrick thinks prices might fall
Buying with 5% down?
Time to cash out?
Condo owner, why so glum?

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