As many as 21 in total have the potential to be shut down. If residents of the east side are forced to move into more expensive neighbourhoods just in order to find a school for their children, homeowners may be forced to turn into renters as they arrive outside the comfort zone of their financial capabilities.
From foreign buyers gobbling up properties sight unseen to young families trying to raise kids in condo towers, the Canadian housing market is a hot topic of discussion these days. But what do houses really cost these days?
Robertson wants a 70 per cent cut in natural gas use by 2020, and 90 per cent gone within 10 years. This will cost individual residents thousands of dollars -- and was approved by Robertson and his council without any thought to the affordability crisis in Vancouver.
Getting a first-time mortgage from a Canadian bank is like getting security clearance to work at NORAD. Income, credit history, source of down payment funds... are all key measurements to qualifying. These rules, of course, only apply to Canadians. Foreign buyers, some have speculated this week, may be receiving preferential treatment.
Sip some craft brews, stock up on fresh local veggies, dine on the streets, and dance until the sun rises. Fall is many Vancouverites' favourite time in the city, but many travellers are missing out on the action-packed and picturesque season. These five must-visit festivals are ones you don't want to miss in Gastown.
When you buy a home, you don't buy a national market, or even a provincial, regional or municipal one. You buy one property in a local market. What's happening in your area could be completely different from that in another province, or certainly at the other end of the country.
The "Socially Responsible Van" tour is, to be blunt, completely and totally irresponsible. The tour capitalizes on and monetizes the misfortune of others. It lumps all residents of the Downtown Eastside into the same dismissive, downtrodden boat of addiction, poverty and illness.
For months the government had been in denial over the issue: overblown, isolated to a few neighbourhoods, it said. Since then its approach has gone from "the market will correct itself," to a "bold action plan," to legislating a retroactive 15 per cent tax on foreign ownership.
The 18th century was a dangerous time to dance. I learned this along with other invaluable life lessons, at Early Music Vancouver's inaugural Bach Fe...
It is time that Metro Vancouver bands together to form a regional strategy that collectively concentrates tech into a defined area that can serve as the catalyst for greater overall success for the industry. Toronto's tech community understands its value in being close to the financial centre of the country, and clustering will similarly allow Vancouver to better develop our brand and competitive advantage for the future.
These days there are so many five-star accommodations, offering such a stunning array of luxury amenities, that it seems like they pop up on every block. But which one stands out? I asked a few celebrities about their favourite places to stay when visiting the Best Coast.
There are multiple ways to identify as a minority in Canada with language, ethnic, religious and/or racial/racialized status amongst the principal basis. Even if in certain situations you identify as a minority, that may not be how you're seen by others and/or how you feel in day-to-day interaction.
Shots fired! While our media has been pointing out how Chinese buyers are driving up real estate prices, the Chinese media has been dissecting our economy and government, and warning Chinese buyers of the dangers of owning Canadian real estate.
Every city has its hotspot -- the coolest community, the hippest 'hood. It's the place where the stylemakers go, where the trendsetters do their thing. It's about knowing where to go, where to be seen.
As Gord Downie closed the show with kisses to the cheeks of his bandmates and nods of gratitude to the 20,000 fans in Vancouver, the courage the lead singer displayed overwhelmed me. It saddened me, too. Downie, my cultural hero, is battling the same awful disease -- glioblastoma multiforme -- that took the life of my wife, Julia Pelish-Brijbassi, 137 days ago.
There's no tax quite as popular as a tax on someone else. But will the people still be on board once the bills come in for collecting the Vancouver vacancy tax, or when the foreign investment tax has to morph to catch the money coming into the country? Or if housing prices are unaffected? Or if housing prices plunge and Canadian homeowners owe more than their home is worth?