'There is no province in Canada where workers can afford an apartment at minimum wage. The neighborhood-level data paints a dire picture of out-of-control rents.' https://monitormag.ca/reports/cant-afford-the-rent #cdnecon #canlab #tore #vanre #inflation

Financial Consumer Agency of Canada publishes industry guideline to help protect Canadians with existing mortgages. https://www.canada.ca/en/financial-consumer-agency/news/2023/06/financial-consumer-agency-of-canada-publishes-industry-guideline-to-help-protect-canadians-with-existing-mortgages.html #inflation #cdnecon #tore #vanre

Canada immigration explained. https://omny.fm/shows/the-big-take/canadas-ambitious-immigration-experiment-explained (Randy Thanthong-Knight, Bloomberg) #demographics #cdnecon #canlab #tore #vanre

Gap Between Canada’s Rich and Poor Is Widening at Record Pace https://bit.ly/46Aupv9 #inequality #cdnecon #tore #vanre #inflation

Canada bank regulator says lenders should urgently tackle risks from mortgage extensions https://reut.rs/3NqQxjd #tore #vanre #cdnecon #inflation

🤔 https://www150.statcan.gc.ca/n1/daily-quotidien/230613/dq230613b-eng.htm #tore #vanre #cdnecon #housing #inflation

🏘 A co-op housing renaissance?
👀 just $450k to buy a 2-bed condo?
 
It’s not conventional, but there are some interesting home ownership options growing in BC — though they come with pros and cons that may not be for everyone 👇
#bcpoli #vanre

https://beta.ctvnews.ca/local/british-columbia/2023/5/25/1_6414098.amp.html

Building methods in BC have barely changed in 100 yrs 🤯
The housing industry has been slow to adopt prefab construction (the norm elsewhere)
Given the inertia, it’s no wonder we’ve been slow to adopt mass timber, which is also prefabbed 👇
#bcpoli #vanre
https://bc.ctvnews.ca/time-for-mass-timber-and-prefab-b-c-eyes-changes-to-bias-in-building-code-1.6412355

An excellent video about Vancouver’s Missing Middle Housing from Uytae Lee and the City of Vancouver.

I'm proud to say I live in one of the rare mid-density neighbourhoods mentioned in the video. The walkability and community feel is amazing. I wish it was available to more Vancouverites.

https://youtu.be/sJFn20hzccI
#MissingMiddle #housing #vanre

Blanket 4-plex zoning has justifiably drawn a lot of attn but #bcpoli has more in the works to get more #vanre housing built faster, incl:

🤖 AI + a BC-wide approval process
✂️cutting layers of bureaucracy
🎯 imposing targets on munis

Can they deliver?
https://bc.ctvnews.ca/artificial-intelligence-and-mandated-targets-strategies-behind-b-c-s-housing-push-1.6410612

I’ve calculated my clearable debts vs my disability payments until September and I only have $951 not earmarked for those. Not factoring in cost of living like food and my phone I have nothing to create a savings “nest” with Please click the go fund me in my pinned post 🙏🏾 #disability #mutualaid #crowdfund #disabledmastadon #vancouver #canada #vanpoli #canpoli #vanre

meeting my gofundme goal means raising $1000/week or $132/day i'm going to CRY but please, maybe even consider putting a reminder in your phone to throw be $3-$5 next payday
#housing #vancouver #vanre #canpoli #disabilityaid

https://gofund.me/94de6657

'The only one who hedges their risk is the builder. The buyers are the ones who suffer.' https://www.theglobeandmail.com/real-estate/toronto/article-looking-for-blood-condos-nearing-completion-with-mortgage-appraisals/ #tore #toronto #vanre #cdnecon #inflation

'It won’t surprise you to hear that we are not wearing rose-coloured glasses.' https://www.theglobeandmail.com/business/article-banks-high-risk-mortgages-osfi/ #tore #vanre #cdnecon #inflation

oof
---
RT @DailyHiveVan
Kitsilano rental apartment building to be redeveloped into single-family houses 🏡 #vanre https://dailyhive.com/vancouver/1000-cypress-street-vancouver-kitsilano
https://twitter.com/DailyHiveVan/status/1637926990337523715

The homeowner horror story: ‘My mortgage is up for renewal.’ https://bit.ly/3mq3TSX #tore #vanre #cdnecon #econ

RT @iamkennethchan@twitter.com

Vancouver City Council is expected to create new policies that strengthen and expand the ability to create new tech hub spaces & districts.

This includes looking into intensifying industrial land uses. #vanre #vanpoli

https://dailyhive.com/vancouver/vancouver-tech-hub-industrial-space-shortage-protection

🐦🔗: https://twitter.com/iamkennethchan/status/1619841411670740992

Common Vancouver W

RT @iamkennethchan@twitter.com

The London Drugs redevelopment in Hastings-Sunrise is going ahead.

Rezoning application cancelled, replaced with a new development permit application with essentially the same design.

157 market rental homes over the new London Drugs. #vanpoli #vanre

https://dailyhive.com/vancouver/london-drugs-redevelopment-2585-hastings-street-vancouver

🐦🔗: https://twitter.com/iamkennethchan/status/1619843434206085121

And yet homeowners keep demanding that housing remain banned in North American cities.

RT @iamkennethchan@twitter.com

Yet another example of overwhelming demand for housing for middle-income households...

Over 500 applications were received to live at a newly-built rental housing building in East Vancouver. #vanpoli #vanre
https://dailyhive.com/vancouver/3737-rupert-street-vancouver-the-peak-rental-housing

🐦🔗: https://twitter.com/iamkennethchan/status/1617936664311267330

Common Vancouver W

RT @iamkennethchan@twitter.com

Vancouver City Council has approved two 18-storey rental housing towers north of Oakridge Centre.

- 392 rental homes: 313 market units, 79 below-market units
- Childcare facility for 37 kids

And of a course, a #TOD at #SkyTrain Oakridge. #vanpoli #vanre

https://dailyhive.com/vancouver/5562-5688-manson-street-vancouver-rental-housing-approved

🐦🔗: https://twitter.com/iamkennethchan/status/1616268410744369154