All tagged Transparency
Recycled listings consistently skew statistics, like average days on market and sales-to-new listings, to make the real estate market look hotter so that home buyers will feel rushed and offer more money for their home than the true market statistics would support.
The City of Vancouver recently announced the beginning of 18 months of consultation that will result in a “Making Room” rezoning which is intended to find neighbourhoods to add more duplexes and laneway homes. Making room implies, there isn’t room already and this is far from the truth. Vancouver has loads of space, but it is poorly used. Vancouver’s land use has barely changed since we paved over the orchards and farms to build suburbs south of the downtown core after WWI. Rather than just “Making Room”, it’s time for Vancouver to evolve from Citified Suburbia with families stuffed in laneway houses and basement suites to a network of purposefully designed “Urban Family Districts”.
The housing supply problem is real and could get worse.
We’ve all heard people in Vancouver who blame lack of supply for housing unaffordability. Many will have heard the opposing “Supply Myth” argument. Our analysis at Mortgage Sandbox shows that the supply problem is real and could be worse than any of us imagined.
We need to settle this once and for all, so that government can act quickly to solve our housing crisis.
Modernizing the Real Estate Exchange Process to Balance the Scales
There are many arguments blaming supply or demand for the Canadian housing crisis. We need to look at the role of the exchange process and modernize it to support our current real estate market.
There are many arguments blaming supply or demand for the Canadian housing crisis. We need to look at the role of the exchange process and modernize it to support our current real estate market.
