Homebuilders fault politics for woes
Filed Under Main Content · Tagged: British Columbia, Canadian Homebuilders Association, Casey, Driven, Executive Director, Municipalities, Politics, Unstable Political Situation, Victoria, Woes
"Housing is being driven by politics in British Columbia and the situation is being made worse by the unstable political situation," said Casey Edge, executive director of the Canadian Homebuilders Association in Victoria. "B.C. is unique in the sense that the province is hesitant to interfere with community charters, so there is a constant theme of municipalities adding new requirements to developments — which to builders is cost."
Homebuilders fault politics for woes
Affordable units included in proposal near Mayfair
Filed Under Main Content · Tagged: Address, Affordable Housing, Business Proposal, Critical Need, Developer, Mayfair Shopping Centre, Victoria
A Victoria developer wants to build a 224-unit residential complex across from Mayfair Shopping Centre and designate nearly half as affordable housing to address the critical need for lower income workers and families in the region.
Affordable units included in proposal near Mayfair
BC house prices too high by national and global standards – Cayo
Filed Under Main Content · Tagged: Abbotsford, Bc Cities, Developed Countries, Global Standards, House Prices, International Survey, Kelowna, Vancouver, Victoria
Four out of four BC cities included in an international survey earned rankings of “severely unaffordable.” Vancouver was judged to be the third-worst of 325 cities in developed countries world-wide. The number of years of annual income required to by a home — between 5.9 and 7.1 — in Victoria, Abbotsford and Kelowna was also found to be worrisomely high.
BC house prices too high by national and global standards – Cayo
Finance Minister Flaherty not worried about slumping markets, tougher mortgage rules
Filed Under Main Content · Tagged: Calgary Herald, Canadian Markets, Consumers, Federal Finance Minister, Federal Government, Finance Minister Jim Flaherty, Financial Risk, Greater Vancouver, Housing Sales, Housing Slowdown, National Securities, Ottawa, Proposal, Reverse Mortgage, Securities Regulator, Victoria
Calgary Herald- Federal Finance Minister Jim Flaherty said Thursday he is not concerned about slumping housing sales in some Canadian markets and has no plans to reverse mortgage restrictions imposed earlier this year.
Housing sales plunged dramatically last month in cities such as Calgary, Victoria and Greater Vancouver compared with one year ago.
But Flaherty, in Calgary to deliver a speech on Ottawa’s proposal for a national securities regulator, said he believes the housing slowdown is a sign that consumers are being more careful about financial risk-taking. He hinted the federal government wouldn’t shy away from additional mortgage restrictions, if needed…
Finance Minister Flaherty not worried about slumping markets, tougher mortgage rules
