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The government is stepping in.
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Housing markets in Toronto and Vancouver are extremely hot, and average prices are skyrocketing. Every new data release, real estate report, and housing related comment is scrutinized, debated and analyzed in painstaking detail. A red flag is raised, an alarm bell is sounded, a stern warning is issued or extreme caution is urged by both domestic and international housing analysts and economists almost daily. How does this end?
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Affordability in Toronto is the worst since the 1990 housing bubble. In Vancouver, it just hit the worst level ever recorded anywhere in Canada. It's time to admit it's not enough to slow house prices -- they have to come down.
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The sixth annual Indian Summer Festival is fast approaching, and arts and culture lovers all over our city are gearing up for what promises to be the most intellectually stimulating ten days of the year. Taking place from July 7th to 16th, the festival combines a range of events featuring thinkers, artists, and leaders from Canada, South Asia, and beyond into a program that promises to be enlightening, entertaining, and inclusive.
For several years, BC's tech sector has grown at double the rate of the provincial economy, in spite of the fact that our province lags behind other jurisdictions when it comes to tech exports, jobs, GDP contribution and availability of investment. In other words, the sector is succeeding in spite of a lack of attention from policymakers.
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Panicked is an understatement.
“Vancouver housing is first and foremost for homes, not a commodity to make money with," said Mayor Gregor Robertson.
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The city is putting a million dollars towards a mental health hub. Councillor Jang called it "a big health investment for the city." This hub will help about 5,000 people in need per year. How many people die by jumping from Burrard Bridge every year? The answer is .08 people, but the suicide barriers will cost $3.5 million.
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These bylaws are so restrictive because they were written under the shadow of the Harper government. Now that we have the Liberals in power, and with such clear opposition to the current bylaws from the people of Vancouver, it is time for Mayor Gregor Robertson and Vision Vancouver to rethink their plan.
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With so much of the attention focused on Victoria's tent city and Vancouver's skyrocketing home prices in the housing debate, one group is left hollering, "Hey, what about us?" That group is all of the Province's renters, and it's a group worth listening to.
Many people are thinking: Vancouver embraced density, so where's the affordability? If last year's speech was controversial for being blunt about how we need to change our housing expectations to live in the city, this year's speech was surprising for another reason -- Bob Rennie insinuated that Vancouver was inevitably going to get too expensive for middle-class people.
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Ten homes were evacuated briefly.
Landlords normally know what they want -- a good, clean tenant that pays on time and doesn't destroy the rental unit. You know what you want if you're looking for your own place. But when you're selling yourself as a roommate, it's a little harder.
Three men told a female passenger they were going to follow her home.
Santa Ono takes the reins at at difficult time for the institution.
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"These things don't just happen in Russia or in faraway places."
Are micro units, small condos and bachelor suites the way of the future; able to douse our city's precariously overheated housing market in a cool shower of affordable, convenient rental units? It seems the question is still up for debate here in the third least affordable housing market on the globe.
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Barre is hard to describe, but I would say it's a fitness class based on small movements, core strength, using muscles you don't even know you have, and perfecting your form. After just one class, I discovered that barre has much more to do with yourself than the people or even the music around you.
Housing and rental markets aren't quite as clear cut as we'd like to believe. Which means if you're looking to live in Vancouver, New York, Los Angeles or other so-called "cost-prohibitive locations," there may be more options than you realize.
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"... it's important that the rest of the country, our concerns and our successes, are communicated," said Gregor Robertson.
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A money launderer and wealthy entrepreneur from abroad may both be considered "Foreign Investors" with similarly disparate outcomes. A great deal of the former (money launderers) are infiltrating a porous Canadian financial system to purchase real estate in Vancouver and Toronto and have contributed to the out of control housing prices in both cities.
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The outbreak started in Whistler and spread to Metro Vancouver.
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It's June and school will soon be out for the summer. What better time to teach your kids about... real estate? Why? There's actually more than 500,000 reasons to do so. The number is really 508,097 -- as in dollars, the average price of a home in Canada as of April 2016, according to the Canadian Real Estate Association. This represents a 13.1-per-cent year-over-year price gain. We need to educate our kids about the realities of property ownership before it overwhelms them.
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But somehow, prices keep going up.
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What were once staples of daily living in our communities -- butchers, bakers, fishmongers, and greengrocers -- are now seen as inefficient when large chain grocery stores deliver all-in-one convenience. But "fast and convenient" has weakened our communities. As the African proverb says, "If you want to go fast, go alone. If you want to go far, go together."
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All 60 B.C. school districts will receive some cash.
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It's a nice problem to have: When you achieve your lifelong goal, what do you do next? That's the question Spencer O'Brien has been wrestling with. Earlier this year the 28-year-old British Columbian found herself atop the snowboard world with a slopestyle gold medal at the Winter X Games in Aspen, a moment she had dreamed about for years.
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Salaries haven't kept up with the cost of living.
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Is an historical apology meaningless if those who were wronged are no longer around to receive it? In the case of the Komagata Maru, the passengers, politicians, immigration officials, and crew have all passed away. Yet, what does remain is the injustice.
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Canadians have come to expect that politicians will take a few liberties with facts as they spin issues to suit their purpose. A master practitioner of the art form is the B.C. government, with spin that can be light in the accuracy department.
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Don't forget, way back in January 2014 Trudeau said about Kinder Morgan, "I certainly hope that we're going to be able to get that pipeline approved." Unless we make things uncomfortable for him politically, the prime minister will force this pipeline through our communities against our will -- the public's will.
"I had some tears through the next weeks of selling."