👀 🤔 https://www.cmhc-schl.gc.ca/blog/2025/condominium-apartment-market-risks-toronto-vancouver #toronto #vancouver #tore #vanre #cdnecon #econ #realestate
28-storey Jameson tower going up at 2538 Birch St and West Broadway is revealing an artful detail. Northwest corner is being clad with varigated pattern of brown, black and tan brick to the height of 14 storeys it looks like. #Vancouver #VanRE
🤔 To make housing more affordable, drop the tax hammer on real estate investors (🎁 link) https://www.theglobeandmail.com/gift/4ef08e3f17e3e79da7da921dff91e650ad61f5aae765a74cd327766b274581e6/APG4OJGABNGWRDVBABTGPBIIBM/ #tore #vanre #toronto #topoli #cdnecon #cdnpoli #speculation #realestate #econ #housing
"Crafting the narrative: wealth migration, growth machines and the politics of housing affordability in #Vancouver, Canada"
An important paper from Joshua Gordon, David Ley, and Andy Yan, a must read for those concerned with housing reflecting local wages. The article has full and open access for now
https://www.tandfonline.com/doi/epdf/10.1080/1369183X.2025.2474171?needAccess=true
A #Vancouver tech real estate company "admits to trading $26 million in securities over 7 years without being registered, contrary to the Securities Act"
"Vancouver Mayor Ken Sim, an investor in Addy, appeared at events hosted by the company both before and after his election in 2022."
https://vancouversun.com/news/local-news/addy-vancouver-unregistered-trading
While Wilson "loads up on Vancouver properties" through his family's Low Tide Properties company. Old article (May 2016), but very relevant. #VanRE
Didn't Wilson back Sim's campaign in Vancouver?
https://www.biv.com/news/real-estate/lululemon-founder-chip-wilson-loads-vancouver-prop-8246300
"Vancouver pays the highest amount of user fees out of any municipality already... the [proportion of tax] that goes to parks and recreation is lower than any other municipality. Trying to corporatize the parks and recreation system isn't a panacea — it doesn't solve anything"
https://www.cbc.ca/news/canada/british-columbia/park-board-naming-rights-1.7437559
Meanwhile, since #VanRE and #TorRE are gridlocked investor-driven megabux markets, the national real estate market is "frozen" 🙄
Fall housing market expected to be 'abnormally' hot in Edmonton | Edmonton Journal
https://archive.ph/IuNmB
The Little Mtn housing project is described as “a disaster” and “a travesty”
It also a scandal
Now the Vancouver developer is apologizing for yrs-long delays, promising to get the social housng on track 1/
Watch👇#vanre #bcpoli
https://bc.ctvnews.ca/vancouver-developer-apologizes-for-housing-scandal-at-little-mountain-1.6862710
Everyday I get closer to becoming a Scooby-Doo villain in an attempt to scare #RealEstate investors away to from #Vancouver and to lower housing prices
Pulls monster mask off... "And I would have gotten away with it too, if it weren't for you meddling kids!"
Very interesting 🧵 (from 2019) currently trending again on 🐦-site (sorry). Architect, now @alfredtwu, examined how low- to mid-rise buildings (approx. 6 stories, similar to Europe) are *more efficient*.
Why is the current ABC #Vancouver party mayor & city council pushing for more high rises (40+ stories) and to abolish the #VancouverParkBoard?
Who actually benefits? Vancouverites or developers? 🤨
Tonight at #Vancouver city hall re Mayor Sim's #VancouverParkBoard motion. @jenstden covering:
Former MP Libby Davies is asking "what is the secret deal you have with powerful developers to sell public park land?" That gets her a point of order violation!
WTH is going on w/current Mayor of #Vancouver and his ABC council??
Today's presser w/ mayor Swagger Sim: A submission to BC govt to change the city charter in order to remove the *elected* Vancouver Park Board -- which overlooks the parks that locals and tourists LOVE. Full of corp tech buzzwords, conflating social issues + obfuscating real reason for significant change to charter.
Worse: Mayor already fired *elected* city park board members + removed from ABC poli party. #VanRE #democracy
If adopting a pet is on your radar, until Dec. 15, B.C. SPCA is sweetening the pot by halving adoption fees. 😀 #furbaby #fureverhome #vanre
Thanks to #VanRE #shadowflipping #casinogate + luxury condos:
"The loss of rental stock due to redevelopment has made the net number of purpose-built rental units in B.C. comparable to what it was in the early 1990s — while the population has grown by 50% since that time."
#Vancouver #affordablehousing #bcpoli
https://www.cbc.ca/news/canada/british-columbia/b-c-rental-protection-fund-applicants-1.7045233
"Transit Oriented Development (TOD)" touted as "providing missing middle housing" + "creating cities accessible, inclusive to all people"
Housing expert Andy Yan found 43% existing low-rise purpose-built rental bldgs fall in TOD areas
Vancouver Tenants Union raised concerns of #renoviction as #VanRE drives up land values
Housing Minister Ravi Kahlon absolves responsibility: "proposed legislation leaves the power to implement rental safeguards with local governments"
https://globalnews.ca/news/10109029/bc-transit-oriented-development-renter-worries/
Sadly unsurprising. #VanRE w/ land speculation, shadow flipping, and luxury condos has been a growing issue for 10+ years. Reading this makes #costofliving and greedflation even more painful.
Majority of current city council —except Christine Boyle and Adrienne Carr— have supported luxury developers.
“Report highlights income inequality… Vancouver actually has very much the housing prices of San Francisco, but the local median household incomes of Columbus, Ohio“
https://www.cbc.ca/news/canada/british-columbia/vancouver-centi-millionaires-1.6994843
#VanRE luxury condos with shadow flipping + land speculation has dominated the market for 10+ years.
Renters in British Columbia at #affordablehousing "crisis level".
16% of B.C. renters spent more than 50% of income to cover rent + utilities. The B.C. Non-Profit Housing Association (BCNPHA) says, "the latest numbers reflect years of failure to invest in rental housing".
https://www.cbc.ca/news/canada/british-columbia/rental-housing-index-2023-1.6881939
The long-tail of #VanRE, shadow flipping and land speculation, occurring well over a decade.