So when’s the housing bubble bursting?

[Helico-pterFunk]

First home savings account getting 'phenomenal' uptake since April launch: RBC

Both RBC and National Bank say demand for new tax-free savings vehicle has exceeded expectations

ca.yahoo.com

Financial Post

Read latest breaking news, updates, and headlines. Financial Post offers information on latest national and international events & more.

financialpost.com

Financial Post

Looking to buy your first house ? We got you covered on all the news, stories and tips on what to expect in Canadian real estate.

financialpost.com

 

[DC_Dude]

 

[praetor]

 

[Helico-pterFunk]

'We scrounge for that money': Victoria family struggling to afford parking in low-income building

A family living in low-income housing in Victoria, B.C., says they're struggling to afford their $400 monthly parking fees, which amount to one-third of their rent.

bc.ctvnews.ca

 

[Helico-pterFunk]

Tenant calls on Victoria council to mandate accessible parking spots in rental buildings for people with disabilities

For Aeryn Donald, a car is essential. Finding an affordable place to park it on limited funds has become a major problem.

vancouverisland.ctvnews.ca

'It's ridiculous': Annual income of $177,000 needed to afford to buy a home in Victoria

The cost of a home in the B.C. capital region is rising again. Between May and June, the average home price on the Canadian Real Estate Association price index rose by $6,500, according to James Laird, co-CEO of Ratehub.ca.

vancouverisland.ctvnews.ca

B.C. renters spending more on housing, utilities than they can afford: study

A new survey is painting a discouraging picture of how unaffordable housing has become for many in British Columbia.

vancouverisland.ctvnews.ca

 

[praetor]

The majority of young, educated, Democrat leaning Asians (which SF has plenty of) would prefer a smaller house that's closer to things.

The majority of older, uneducated, Republican leaning Whites (which Texas has plenty of) would prefer a larger house further away from things.

Even so, a majority of Americans including a majority of black folks would prefer the larger house.

Source:

Majority of Americans prefer a community with big houses, even if local amenities are farther away

57% of Americans say they would prefer to live in a community where houses are larger and farther away from amenities — compared to 42% who say the opposite.

www.pewresearch.org

 

[praetor]

 

[praetor]

 

[Politic Negro]

The majority of young, educated, Democrat leaning Asians (which SF has plenty of) would prefer a smaller house that's closer to things.

The majority of older, uneducated, Republican leaning Whites (which Texas has plenty of) would prefer a larger house further away from things.

Even so, a majority of Americans including a majority of black folks would prefer the larger house.

Source:

Majority of Americans prefer a community with big houses, even if local amenities are farther away

57% of Americans say they would prefer to live in a community where houses are larger and farther away from amenities — compared to 42% who say the opposite.

www.pewresearch.org

I'd like a good acre with a house under 2k sqft with good amenities nearby that don't require a car to get there.

 

[praetor]

I'd like a good acre with a house under 2k sqft with good amenities nearby that don't require a car to get there.

Me too. It blew my mind when I first found out that some New Yorkers don't even know how to drive. I'd love to have everything close by and open 24/7.

 

[Helico-pterFunk]

Tens of thousands of Canadians taking advantage of the new First Home Savings Account: RBC

The Royal Bank of Canada says it has seen a 'phenomenal early uptake' in the First Home Savings Account, a new program where prospective homebuyers can start saving and investing for a down payment tax-free.

www.ctvnews.ca

 

[Helico-pterFunk]

Canadian Workers Are Being Crushed Between Low Wages and Soaring Rents

The typical Canadian worker, whether earning minimum wage or an average income, cannot afford housing in any of the country’s major urban centers — which happen to be where most jobs are located.

jacobin.com

https://www.cbc.ca/news/canada/toronto/60-rise-use-of-food-banks-programs-canada-2023-1.6711094

 

[havelcok]

 

[Helico-pterFunk]

 

[Helico-pterFunk]

Private island in B.C. lake on sale for half the price of an average home in Vancouver

For those dreaming of a more rustic way of life, there’s an entire island for sale at less than half the average price of a home in Vancouver.

bc.ctvnews.ca

Looking to own your own island? Check out this amazing property! .4...

View photos and detailed information for 45400 PAVILLION LAKE, Lillooet, BC - Canadian Real Estate Association (CREA), MLS#173043, don't miss your chance to own this hot property!

tnrdhomes.com

 

[DC_Dude]

 

[DC_Dude]

 

[DC_Dude]

 

[praetor]

 

[Helico-pterFunk]

20 fire safety violations alleged before Vancouver building destroyed by flames: court records

The owners of a Vancouver apartment building that was destroyed by flames are currently involved in court proceedings related to allegations they violated 20 separate fire safety regulations last year, according to records.

bc.ctvnews.ca

Blocked exits, combustible waste, exposed wires: Allegations of fire safety violations by Vancouver building owners detailed

Months before flames ripped through an apartment building in Mount Pleasant, fire inspectors were sounding the alarm on the safety of the building.

bc.ctvnews.ca

 

[Helico-pterFunk]

Vancouver homeowners could get several years of near-double-digit property tax increases

The City of Vancouver is in dire financial straits that could leave homeowners on the hook for property tax increases of close to 10 per cent in each of the next five years, according to city staff.

bc.ctvnews.ca

 

[Helico-pterFunk]

Katy Perry and Orlando Bloom legal battle with veteran over $15m home

Katy Perry has been embroiled in a legal battle with Veteran Carl Westcott, 83, over his $15million Santa Barbara home for the last three years.

www.dailymail.co.uk

 

[Helico-pterFunk]

 

[Helico-pterFunk]

 

[DC_Dude]

 

[praetor]

 

[Coldchi]

Housing market bout to be insane in Hawaii with the wildfires destroying thousands of homes.....
a 2bdrm bout to run u 2 milly.....

 

[praetor]

 

[DC_Dude]

Housing market bout to be insane in Hawaii with the wildfires destroying thousands of homes.....
a 2bdrm bout to run u 2 milly.....

Reddit - Dive into anything

reddit.com

 

[DC_Dude]

Housing market bout to be insane in Hawaii with the wildfires destroying thousands of homes.....
a 2bdrm bout to run u 2 milly.....

Reddit - Dive into anything

reddit.com

 

[Coldchi]

Reddit - Dive into anything

reddit.com

that shit looks like Hiroshima after WWII

 

[DC_Dude]

that shit looks like Hiroshima after WWII

Yup

 

[Helico-pterFunk]

'Do not walk on property,' warns listing for $1.8M teardown in Vancouver

A "fire-damaged house of no value" has been listed for sale for $1,799,000 in Vancouver, a stark example of how much real estate prices are driven by land in the city.

bc.ctvnews.ca

 

[Helico-pterFunk]

B.C. real estate: Here's what $2 million can buy

In northeastern B.C., $2 million can buy you an 11,000-square-foot lodge that sleeps 28 and boasts more than 100 acres of land. On Vancouver's west side, it can buy you a teardown or a townhouse, but not much else.

bc.ctvnews.ca

Dilapidated, uninhabitable Vancouver home on the market for $1.5 million

The stairs are crumbling and unusable. The windows and doors are boarded up. The roof is old and growing weeds. But this two-bedroom home on Broadway in East Vancouver is on the market for $1.5 million.

bc.ctvnews.ca

Vancouver teardown listed for $3.5M one year after selling for $2.5M

A teardown on Vancouver's west side has been listed for just under $3.5 million, a year after it was purchased by a numbered company for $2.5 million.

bc.ctvnews.ca

 

[Helico-pterFunk]

'No showing of property at seller's request': Land value behind $10.5M listing for Vancouver teardown

A modest, four-bedroom, two-and-a-half-bathroom home on Vancouver's west side is currently listed for sale for more than $10 million, but prospective buyers aren't allowed to take a look inside.

bc.ctvnews.ca

Land lift: How Vancouver zoning policy creates multi-million-dollar teardowns

When the city rezones a property to allow more density, its value can increase many times over, basically overnight. Vancouver has a strategy for dealing with that fact. Is it still working?

bc.ctvnews.ca