What happened to those rental-restricted condos?
This post is 3 years old. The data and my views may have since evolved.Just under a year ago, the BC government abolished rental restrictions in BC condos. As a reminder, at the time the...
Category: Trends
Priced out forever?
This post is 3 years old. The data and my views may have since evolved.I’ve spilled a lot of virtual ink on affordability on this blog and why I believe it matters. In short, there...
Mortgage rates are up, does it make sense to pay it down?
This post is 3 years old. The data and my views may have since evolved.Two years ago the average Canadian borrower was paying just under 2% for a new mortgage while bank accounts were paying...
Suites and home values
This post is 3 years old. The data and my views may have since evolved.Suites are extremely common in Victoria. With a stagnation in purpose built rental construction (until recent years), chronically low rental vacancy...
Unemployment is likely about to increase, will it drag on housing?
This post is 3 years old. The data and my views may have since evolved.Despite an epic rise in rates in the last year, the rates of mortgages in arrears have barely budged in BC. ...
Did we get more 55+ housing?
This post is 3 years old. The data and my views may have since evolved.Last fall on November 24th, the provincial government curtailed the ability of strata corporations to set limits on the age of...
A mix of good and bad indicators on debt
This post is 3 years old. The data and my views may have since evolved.There’s a new tool out there for monitoring indicators around mortgages, housing, and financial vulnerability on a national level. The...
The Vancouver Connection is Alive and Well
This post is 3 years old. The data and my views may have since evolved.Vancouver buyers have been a significant force in the Victoria market in the last few years, starting to increase quickly in...
The (Garbage) New Home Price Index
This post is 3 years old. The data and my views may have since evolved.It’s nothing but puzzles on the blog lately, and here’s the latest one: The New House Price Index (NHPI) is an...
How to build enough housing
This post is 4 years old. The data and my views may have since evolved.There’s no doubt that we have a severe housing shortage in Canada and BC is especially bad. We can see that...