The stories of the great depression still seem far away for most of us in North America, sure there are housing foreclosures, but breadlines?Rising alcoholism? Families sharing houses? Is this North America?
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From the category archives:
Housing
While the following article represents some of the least investigative of all investigative journalism that I’ve had the pleasure of reading in recent months, it does raise a question – how much risk is Canada’s real estate market really at in this global crisis? globeandmail.com: Canada’s dirty subprime secret Since the subprime mortgage meltdown in [...]
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Image via Wikipedia It is interesting to see “business as usual” quotes like these popping up from people who’s whole business has been based on expendable income, cheap fuel, and demand for new housing in cities. At a recent Urban Development Institute event focused on forecasting the future, developers Rob Macdonald and Michael Audain were [...]
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In a genius marketing move that should assist in the long term flexibility and sustainability of the condo form of housing, studio suites, or “mortgage helpers” are being planned for condos… Vancouver condo marketer Bob Rennie as well as former chief city planner Larry Beasley, have both suggested that perhaps condominiums need “secondary suites” or [...]
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Our family has lived in some pretty diverse neighborhoods both in Canada and Australia, and typically, we’ve found that those with the highest diversity have also been the most vibrant. The idea that single family housing is the norm is a product of cheap oil and the spread of the baby boomers across the suburbs… [...]
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For a leisure activity/sport that underwent such a massive rise in popularity across Western countries over the past 20 years, the current financial situation has slammed the brakes on new projects, and seen a slump in memberships and appetite for golf course properties. New residential golf developments in the U.S. are few and far between, [...]
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That time of the year in BC again folks. Check out your local municipality’s listings of Tax Sale Properties. If you are thinking that it’s a good opportunity to get some property on the cheap, know that sometimes the auction competition can be pretty hot, and that there are a number of rules that must [...]
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What would it take for you to buy a condo in the current real-estate market in BC? Price corrections are happening in specific locations and among specific property types as the market adjusts to one in which homeowners are the dominant buyers and investor buyers exit the scene, according to Jennifer Podmore-Russell, managing partner of [...]
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Mike Thomas