This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Moderator: admin

 
hunainlalani
Newbie
Posts: 4
Joined: Tue Oct 10, 2017 3:04 am

Re: Why I am not afraid of being a renter!

Mon Nov 20, 2017 10:40 pm

LoL, lots of funny talks here :D
 
jimtan
Real Estate Talker
Topic Author
Posts: 5441
Joined: Tue Jul 31, 2007 10:59 pm

Re: Why I am not afraid of being a renter!

Fri Nov 24, 2017 1:12 am

As I have pointed out repeatedly, the time will come when the tide will turn. There is now so much anguish that there is a political backlash. The politicians have discovered the will to act.

The first chart shows the dramatic improvement in 2016 housing starts. The Federal and provincial governments are chipping in with 10-year affordability programs. CoV has a new 10-year program

“Vancouver unveils new housing strategy for the next decade
City aims for 72,000 units of housing to be built in next 10 years, two-thirds of which are rental...”

http://www.cbc.ca/news/canada/british-c ... -1.4416669

Hopefully, this will inspire other municipals to step up. The second charts shows how badly Burnaby has done.
Attachments
Vancouver housing starts.JPG
Vancouver housing starts.JPG (31.69 KiB) Viewed 142 times
Metro Vancouver rental apt increases.JPG
Metro Vancouver rental apt increases.JPG (42.54 KiB) Viewed 142 times
 
jimtan
Real Estate Talker
Topic Author
Posts: 5441
Joined: Tue Jul 31, 2007 10:59 pm

Re: Why I am not afraid of being a renter!

Mon Dec 11, 2017 1:12 pm

No surprise here...

"Province acts to stop landlords from raising rents based on higher rates in an area"

https://www.straight.com/news/1006241/p ... rates-area



Pity all those new owners of old apartment blocks. Being a landlord is never easy.

Who is online

Users browsing this forum: No registered users and 4 guests