The more I read about this the more it seems like a move to protect our big Canadian Banks from losses.
'Moral Hazard on Steroids': The Investor Who Called the Big Short Says Carney's Condo Bailout Is Worse Than 2008 Subprime Fiasco https://t.co/mUSNC8oqW1
I'm glad this is being reconsidered. The complaints seem equivalent to moving next to a jail and then lobbying for the Jail to be moved.
Starkly opposing views voiced on Chemtrade's North Vancouver chlorine plant proposal https://t.co/EBL2MWOgZF
Westbank in the news again 🫣 Millwork on the Butterfly ballooned from $759,886 to $3,682,945.34 🤐
Construction firm alleges unpaid work on Westbank’s Butterfly, seeks $300K https://t.co/NzKpTYNZyu
No Vancouver Condo's will be bought as the math doesn't work. I'm fine with buying whole buildings out of bankruptcy. Anything else is a mistake.
Rob Shaw: B.C.'s condo bailout debacle leaves Eby on the defensive https://t.co/w8dmWHoGgs
Reducing DCCs is great. Buying recently completed units for affordable housing is nuts.
Carney-Eby housing deal met with mixed reactions and desire for more detail https://t.co/Xty1JFIl7r
Gaming revenues going down while many Casinos have recently been acquired by Indigenous groups.
Indigenous-led companies acquire River Rock Casino Resort in Richmond https://t.co/ZEeuwiLmW9
This doomed project may finally start moving towards a new future.
B.C. appeals court allows sale of Atmosphere on Richmond's No. 3 Road https://t.co/JCftDsxtLX
Canada has a backlog of 300,000 unprocessed refugee claims
A 2024 PBO report estimates avg cost of processing each claim at $16,500
That's $5 BILLION in embedded costs to taxpayers even before benefits/supports. JUST processing!
$5B could build 2-3 major regional hospitals
Reliance coming through with a cool heritage proposal for this site!
Developer aims to turn art deco-style Victoria office building into hotel https://t.co/kt3IqInjsN
A long read on tall towers.
City's chief planner emphasizes creating a 'Vancouver approach' to taller towers | Daily Hive | Urbanized https://t.co/3Ya2SqUWe9
Are Developers trying to use the slow down to get approvals on projects that don't meet City guidelines?
North Vancouver housing project sent back for revisions - BC | https://t.co/ruOeHGkqBy https://t.co/VF2M2oU7JV
Minglian sells a Winery as it facing receivership on its Broadway project.
West Kelowna's Terralux winery sold for $3.2 million https://t.co/Gym5DaqPwg
Not a cure all, but it will increase the number of viable projects!
Slashing development fees is not a cure-all for housing affordability: CMHC https://t.co/fdssAXOqmg
How many years before we see this sort of square-footage costs again?
Luxury condos at Vancouver's Oakridge redevelopment sold for 'crazy high' prices. What happens now? https://t.co/uNN51hsH4r
Good to see a project getting the green light these days!
Old Town rental building gets unanimous thumbs-up from Victoria council https://t.co/w9kh05CVxe