A new doomsday report warns Vancouver’s housing market could be hit by a burst bubble — and a drop in prices by as much as 30 per cent.
The threat of a giant, synchronized real estate bubble looms over all six of Canada’s major cities, says the report released by the Canadian Centre for Policy Alternatives.
Steep housing price increases in six of Canada’s hottest real estate markets since 2002 have all the hallmarks of an “accident waiting to happen” if mortgage rates rise too sharply, warns a new report.
Canada’s major metropolitan housing markets are looking awfully bubbly and are due to burst, says a report released Tuesday.
The report, entitled Canada’s Housing Bubble: An Accident Waiting to Happen, by the Canadian Centre for Policy Alternatives, looks at prices in Toronto, Vancouver, Calgary, Edmonton, Montreal and Ottawa.
Fishermen are all geared up for the largest Fraser River sockeye run in nearly a century, but many say this will not help the struggling industry recover.
The Crazy Sustainable Commute is all about raising awareness on taking sustainable transportation to and from work via one day of craziness!
For one day, August 27th, the goal is to inject enthusiasm and obtain exposure to sustainable transportation. Rethink the way you get to work! Commute to work in non-traditional, yet sustainable ways like canoeing, stilt walking, rollerblading, skateboarding, horse-backing…etc.
With momentum building from a strong finish to 2009, the British Columbia commercial real estate investment market enjoyed record sale transaction dollar volume of $1.026 billion in the first half of 2010.
For the first time in the province’s history, commercial real estate investment volume surpassed $1 billion in a six-month period as 45 sales transactions completed. In the first half of 2010, the total volume of office, retail and industrial property sales rose 43% from $715 million in the second half of 2009 and $643 million in the first half of 2009. As a result, the year-end 2010 total is expected to surpass the year-end 2009 mark of $1.36 billion by a wide margin.
PARK(ing) Day Vancouver is on Friday, September 17, 2010. PARK(ing) Day is a annual open-source global event where citizens, artists and activists collaborate to temporarily transform metered parking spaces into “PARK(ing)†spaces: temporary public places.
Join fellow bicyclists, skaters, and bladers for this leisurely and spirited celebratory ride and roll through the streets of Vancouver. Meet at the Vancouver Art Gallery on the Georgia Street side between 5:00 and 5:30 p.m. — and roll and ride at 6:00 p.m. The ride is on rain, shine, or snow! Decorated bicycles, trailers, signs, flags, noisemakers, gettoblasters, sound systems, drums, and wildly modified bicycles are all highly encouraged!
Sat, Sept 4th, 2010
Hilary Grist Imaginings CD Release Show!
‘The Cultch’ Vancouver East Cultural Centre
