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With ‘jaw-dropping,’ ‘astounding’ and ‘extraordinary’ weather, Vancouver just had its rainiest fall ever
With ‘jaw-dropping,’ ‘astounding’ and ‘extraordinary’ weather, Vancouver just had its rainiest fall ever Weather bombs, seven atmospheric rivers in a month and a tornado, among other things, plus lots (and lots) of rain Rain drenched Vancouver this fall, smashing records in city and across the province.Brendan Kergin / Vancouver is Awesome The fall of 2021 […]
Disastrous Flooding Cuts Vancouver Off From Rail, Road Service
Disastrous Flooding Cuts Vancouver Off From Rail, Road Service Food and toilet paper have been stripped from grocery store shelves across British Columbia as panic buying follows the realization Wednesday, Nov. 17 that the previous day’s Biblical flooding means road and rail connections with Vancouver and southwestern British Columbia could be disrupted for months. There […]
Weather whiplash in Canada: extreme rains hit wildfire-devastated British Columbia
Weather whiplash in Canada: extreme rains hit wildfire-devastated British Columbia Climate change is likely to increase extreme flooding from atmospheric river events like this one. Flooding in British Columbia on November 15, 2021. (Image credit: BC Hydro) An intense low-pressure system brought an atmospheric river of water vapor and torrential rains to southern British Columbia and […]
Vancouver is now completely cut off from the rest of Canada by road
Vancouver is now completely cut off from the rest of Canada by road There is currently no way to drive between Vancouver and the rest of Canada. The Lower Mainland and Fraser Valley are now completely cut off from the rest of British Columbia and the country by road. Photo Credit: Linda Corscadden The southbound […]
Vancouver Council Votes Against Delay for Climate Emergency Plan
Vancouver Council Votes Against Delay for Climate Emergency Plan City bylaw will require new homes built after Jan. 1 to use zero-emissions heat and hot water systems, effectively banning natural gas hookups. ‘What’s clear to me after years of doing climate work is that climate delay is the same as climate denial,’ said Coun. Christine […]
Vancouver Council Pushed to Weaken Climate Emergency Plan
Vancouver Council Pushed to Weaken Climate Emergency Plan An industry group wants the city to delay a deadline for shifting from natural gas in new homes. At least one councillor says no. Photo by Mark Bonica, Creative Commons license CC BY 2.0. A natural gas lobby group could delay action on a pillar of the City of […]
Where Does Vancouver’s Urban Forest Need to Grow Next?
Where Does Vancouver’s Urban Forest Need to Grow Next? The city strategy faces a tricky challenge: inspiring the growth of trees on private land. Most of the tree loss in Vancouver’s urban forest has been caused by the removal of trees on private lands. Some say more can be done. Photo by Kaitlyn Fung. Over the […]
Why this Vancouver suburb is putting 950 new homes right next to a farm
Why this Vancouver suburb is putting 950 new homes right next to a farm This ‘agrihood’ integrates suburban living with farming, so people are more connected to their food. [Image: courtesy Southlands] Since 1989, Sean Hodgins’s development company Century Group has owned about 500 empty acres of agricultural land in the Vancouver suburb of Tsawwassen, and […]
The Most Splendid Housing Bubbles in Canada Deflate Further
The Most Splendid Housing Bubbles in Canada Deflate Further Vancouver prices drop. Toronto down 3.7% from peak, flat for 10 months. Winnipeg plunges most since at least 1990. Quebec City flat for 6 years. In Greater Vancouver, BC, Canada, house prices fell 0.4% in April from March, the ninth month in a row of month-to-month […]
A “Cancer On Our Economy”: Report Finds Over $7 Billion Laundered Through British Columbia In 2018
A “Cancer On Our Economy”: Report Finds Over $7 Billion Laundered Through British Columbia In 2018 It may have taken a while, but now that housing prices are starting to crash in Vancouver, BC legislators are finally starting to get wise to the fact that the province has been a hot bed for money laundering. It was an easy […]
“Ghastly” Vancouver Home Sales Crash By 33%, Lowest Since 1985
“Ghastly” Vancouver Home Sales Crash By 33%, Lowest Since 1985 On Monday, the Real Estate Board of Greater Vancouver reported February results that could be classified as ghastly, with residential home sales plummeting 32.8% year-over-year to 1,484 units. That’s the lowest February sales total since 1985 and 42.5% below the 10-year average. Prices have also broken […]
Vancouver Home Prices Turn Negative, First Time Since 2013
Vancouver Home Prices Turn Negative, First Time Since 2013 The sudden shift in the Vancouver housing market has been well documented. In November, home sales across all property types sank to a ten year low for the month. The drop is rather unprecedented considering the current economic backdrop suggests unemployment across Canada has plunged to […]
Anatomy of the Housing Downturn in Vancouver, Canada
Anatomy of the Housing Downturn in Vancouver, Canada It’s not pretty. In 2018, “each month has brought weaker than normal sales, rising inventory, and continued downward pressure on prices” in Vancouver, British Columbia, writes Steve Saretsky, a Vancouver Realtor and publisher of real-estate blog, Vancity Condo Guide. The market faces another headwind: “With the Bank […]
Vancouver Housing Starts Flash Red As Chart Rolls Over
Vancouver Housing Starts Flash Red As Chart Rolls Over Canadian housing construction starts slowed in August, coming in at a seasonally adjusted annual rate of 200,986 vs. 205,751 in July – missing expectations of 210,300, according to CBC. The decrease came as the annual pace of urban starts fell 2.5 per cent to 184,925 units. Starts of urban multiple-unit […]
CMHC Finds Irrational Exuberance in Vancouver & Toronto
CMHC Finds Irrational Exuberance in Vancouver & Toronto There is much to learn from financial mania’s. In particular, the role of human behaviour responsible for inflating asset prices to previously unimaginable heights. Economist Robert Schiller has done some excellent work on this topic in his book Irrational Exuberance. In essence, Schiller highlights a few key […]
