Posts Tagged ‘Olympic Village’

Quick hits

Posted by Jonathan Ross

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Daunting housing statistics from RBC

Posted by Jonathan Ross

The expression "house rich, cash poor," seems like it was coined specifically for the Vancouver housing market.

RBC’s just-released report detailing the percentage of household income going towards mortgages is frightening, particularly in the case of Vancouver.

According the statistics:

“Ontario and B.C. saw the most significant deterioration in affordability in the second quarter;”

“RBC’s Housing Affordability Measure for a detached bungalow in Canada’s largest cities is as follows: Vancouver 74.0 per cent (up 1.7 percentage points from the last quarter)”

That is referring to the proportion of median pre-tax household income required to service the cost of a mortgage on an existing housing unit.

What was the next city on the list?  Toronto, at 50.2 per cent.

Unbelievable.  Absolutely unbelievable.

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Quick hits

Posted by Jonathan Ross

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Monday’s news roundup: OV social housing, Vision Vancouver, Olympic electrical safety, Vancouver School Board, UFC, and a blogging superstar!

Posted by Jonathan Ross

I got caught up in work towards the end of last week, and also had some family health matters to deal with.  So here is an extended mash-up of all the topics that have been on my chest most recently:

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Wed May 23, 2012

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FACT OF THE DAY

In 2010, Vancouver had fewer than half the number of murders than it had in 2009.  There were nine homicides within Vancouver’s city limits, down from 19 killings the previous year.

Quote OF THE DAY

“Perhaps it was my silk dress or the new perfume I’ve been wearing lately. When I asked Suzanne Anton what her New Year’s resolution was, she replied, “To kiss a pretty girl!” and pecked me on the cheek.”  – Writer Emily Barca describing her encounter with the lone NPA City Councillor on New Year’s Eve.

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