More evidence of the cooling housing market in Greater Vancouver and the Fraser Valley. The "BC Real Estate Association" says the dollar volume of homes sold in November through the Multiple Listing Service was down 24.6 per-cent compared to a year ago. The number of residential units sold was down 17 per-cent and the average price was down 9 … [Read more...]
Metro Vancouver housing sales on the decline
Saying consumers are taking a 'bit of a break,' the chief economist for the BC Real Estate Association is downplaying new housing stats, which show overall sales in Metro Vancouver continue to fall. "It's really quite isolated in terms of the decline in Vancouver." Cameron Muir says last month's drop of nearly 20 per cent compared … [Read more...]
Woman Slams BC Housing
A Burnaby woman looking for subsidized housing for the past 15 years says she's fed up waiting for BC Housing to help her. Tricia Lovegrove is blind and can only find work two days a week as a massage therapist therefore she's finding it tough to pay her rent. What she wants is subsidized housing. However getting that is proving difficult and she's … [Read more...]
Housing suggestions welcomed at City Hall
The winners of an online contest aimed at the future of affordable housing in the City of Vancouver have been announced. The Re:think Contest say more than 70 entries were received from all over the world. Councillor Geoff Meggs says the ideas range from re-designing city streets to building on top of existing structures, "Whether or not … [Read more...]
Interim report released on affordable housing in Vancouver
An interim report from the Mayor of Vancouver's housing affordability task force is recommending the establishment of a city-run authority to manage affordable housing developments. Mayor Gregor Robertson says other highlights include providing more homes close to transit hubs. "And the zones around them to have stacked townhouses, row … [Read more...]
Coleman vs Jang over housing for the homeless
BC's Housing Minister is slamming the City of Vancouver over comments made by Vision Councillor Kerry Jang. Jang had suggested the Province needs to take some responsibility for an increase in city street homelessness, blaming a shortage of shelter funding. Rich Coleman says the city needs to realize where it gets its funding, citing … [Read more...]
City Councillor Blasts Housing Minister
The ruling party at Vancouver City Hall vows to continue to fight to end homelessness by 2015. This despite the latest numbers showing "street" homelessness has doubled over last year from 154 to 306. Vision Vancouver Councillor Kerry Jang says the province has to take some of the blame for the spike - namely housing minister Rich Coleman - for … [Read more...]
New co-chair named to mayor’s task force on housing affordability
A former Liberal cabinet minister is going to help Vancouver's mayor figure out how to make housing more affordable. Gregor Robertson has named Olga Ilich to co-chair the mayor's task force on housing affordability. Robertson says she brings a valuable background in real estate development and what he calls a 'thoughtful, pragmatic approach' as a … [Read more...]