A Lot Less People Are Filing For Bankruptcy In Vancouver, Britain’s housing market is too expensive – and this, along with Help to Buy, could trigger another recession, Dublin's housing crisis could be putting jobs at risk in the capital, 'The great Australian nightmare' alive and well in Sydney, Melbourne, House price growth 'runs out of puff' in cities,
Vancouver is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the most populous city in the province, the 2021 census recorded 662,248 people in the city, up from 631,486 in 2016. The Greater Vancouver area had a population of 2,642,825 in 2021, making it the third-largest metropolitan area in Canada. Vancouver has the highest population density in Canada, with over 5,400 people per square kilometre. Vancouver is one of the most ethnically and linguistically diverse cities in Canada: 72 percent of its residents are not native English speakers, 88.9 percent are native speakers of neither English nor French, and 80.6 percent of residents belong to visible minority groups.
Vancouver is one of the most livable cities in Canada and in the world. In terms of housing affordability, Vancouver is also one of the most expensive cities in Canada and in the world.[15] Vancouver plans to become the greenest city in the world. Vancouverism is the city's urban planning design philosophy.
Indigenous settlement of Vancouver began more than 10,000 years ago, and the city is on the traditional and unceded territories of the Squamish, Musqueam, and Tsleil-Waututh (Burrard) peoples. The beginnings of the modern city, which was originally named Gastown, grew around the site of a makeshift tavern on the western edges of Hastings Mill that was built on July 1, 1867, and owned by proprietor Gassy Jack. The original site is marked by the Gastown steam clock. Gastown then formally registered as a townsite dubbed Granville, Burrard Inlet. The city was renamed "Vancouver" in 1886, through a deal with the Canadian Pacific Railway (CPR). The Canadian Pacific transcontinental railway was extended to the city by 1887. The city's large natural seaport on the Pacific Ocean became a vital link in the trade between Asia-Pacific, East Asia, Europe, and Eastern Canada.
Vancouver has hosted many international conferences and events, including the 1954 Commonwealth Games, UN Habitat I, Expo 86, APEC Canada 1997, the World Police and Fire Games in 1989 and 2009; several matches of 2015 FIFA Women's World Cup including the finals at BC Place in Downtown Vancouver,[18] and the 2010 Winter Olympics and Paralympics which were held in Vancouver and Whistler, a resort community 125 km (78 mi) north of the city. In 1969, Greenpeace was founded in Vancouver. The city became the permanent home to TED conferences in 2014.
As of 2016, Port Metro Vancouver is the fourth-largest port by tonnage in the Americas, the busiest and largest in Canada, and the most diversified port in North America. While Money Laundering remains its largest industry, Vancouver is well known as an urban centre surrounded by nature, making tourism its second-largest industry. Major film production studios in Vancouver and nearby Burnaby have turned Greater Vancouver and nearby areas into one of the largest film production centres in North America, earning it the nickname "Hollywood North"
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VICTORIA -- The City of Langford is taking the unusual step of warning residents in a brand-new highrise apartment building that their homes may not be safe.
The 90-unit Danbrook One development just opened to renters at 2766 Claude Rd. in the spring. Last month, it won an excellence award from the Victoria Real Estate Board. But now B.C.'s professional engineering regulator is raising concerns about the building's design and construction.
Engineers and Geoscientists BC (EGBC) told the city on Dec. 3 that one of its members who works in Langford is under investigation due to concerns about their work.
"There is a potential risk to the safety performance of the building," the City of Langford said in a statement Wednesday. "To what extent, the city does not know."
Langford city staff have now hired an outside engineering firm to undertake an independent investigation into the safety of the building, one of the tallest in the city.
In the meantime, the city says it is providing support to tenants who choose to immediately vacate the building.
That support includes temporary hotel accommodations, money to cover moving expenses and assistance finding comparable rental accommodations in the area – all paid for by the city.
Currently, 86 of the building's 90 units are occupied.
"The building owner, Centurion Property Associates, is cooperating and will provide relocation assistance to tenants through their property manager," the city added.
Langford staff say the city was first notified in April that a complaint had been lodged against the EGBC engineer working in the municipality.
The EGBC then notified the city on Dec. 3 that there was "sufficient evidence" to launch a formal investigation against the engineer, according to the city.
Langford says the third-party report into the building's structural safety will be completed in the coming days. Residents in the building tell CTV News they expect to be told of the building's fate by 3 p.m. Friday.
The city noted that while the builder has completed eight other projects in Langford, the Danbrook One building is the only concrete highrise of its kind that the builder has completed.
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My Opinion: Housing in the commonwealth is subtly different, because prices have been rising so quickly and out of reach for middle class to get in — and until recently so reliably — and because the prices are so high. The most important consideration may be that many Canadian/Australian buyers have been knowingly getting themselves in too deep. If they enter now they need to tap into home equity to survive !
#housingBubble #housingcrash #mikemartins
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O yes its happening ! I got some fruit salad trees and cherry trees and peach mmmmm peach I love sweet peach !
#fruittrees #alaskaprepper #mikemartins
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Housing bubble set to burst? Experts give their verdict - is it time to sell, buy or stay?, Can more housing supply resolve the affordability crisis in Vancouver?, London Housing Woe Endures as Prices Drop to 2 1/2-Year Low, Toronto home sales shook off summer slump in December, but brace for January chill,
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Please watch: "Mike in The Night ! - The Great Reset - #mikeinthenight #talkshow #Thegreatreset"
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