this post was submitted on 14 May 2025
143 points (98.6% liked)
Canada
9677 readers
632 users here now
What's going on Canada?
Related Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Local Communities
- Calgary (AB)
- Comox Valley (BC)
- Edmonton (AB)
- Greater Sudbury (ON)
- Guelph (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Windsor (ON)
- Winnipeg (MB)
Sorted alphabetically by city name.
🏒 Sports
Hockey
- Main: c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL): incomplete
Football (CFL): incomplete
Baseball
Basketball
Soccer
- Main: /c/CanadaSoccer
- Toronto FC
💻 Schools / Universities
- BC | UBC (U of British Columbia)
- BC | SFU (Simon Fraser U)
- BC | VIU (Vancouver Island U)
- BC | TWU (Trinity Western U)
- ON | UofT (U of Toronto)
- ON | UWO (U of Western Ontario)
- ON | UWaterloo (U of Waterloo)
- ON | UofG (U of Guelph)
- ON | OTU (Ontario Tech U)
- QC | McGill (McGill U)
Sorted by province, then by total full-time enrolment.
💵 Finance, Shopping, Sales
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
- General:
- Federal Parties (alphabetical):
- By Province (alphabetical):
🍁 Social / Culture
- Ask a Canadian
- Bières Québec
- Canada Francais
- First Nations
- First Nations Languages
- Give'r Gaming (gaming)
- Indigenous
- Inuit
- Logiciels libres au Québec
- Maple Music (music)
Rules
- Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
We definitely need more housing across canada, but BC has been notorious for vacant homes and airbnb units, thus the ban on airbnb and the added vacancy tax out here.
And it should be obvious that despite new regulations being put in for Foreign buyers, Vacant units, and Airbnb, the prices haven't dropped to even pre-pandemic levels, let alone any useful amount, and they're expected to keep climbing this year.
These are all small red herrings that are easy PR wins for the government, but don't actually do anything useful to the prices.
They did drop for us in Vancouver. I'm not suggesting it accounts for the high prices everywhere but it definetly had a market affect as airbnb people dumped their additional units. One owner had over 40
Or it just happened to coincide with a massive jump in interest rates which also affected prices elsewhere that didn't implement these policies.
No there are articles about the affect upon announcement and then institution
and yet if you go look at the charts for say Vancouver and Toronto over the same period of time you can clearly see there's little to no effect from BC's policy changes.
And it's still a couple million dollars to buy a detached home in Vancouver, and the cheapest 2 bedroom condo is a half million (and it's literally on East Hastings) with most normal 2 bedrooms being listed at $600-700k
These policies haven't made anything affordable, and they aren't going to make things affordable.
Oh they didn't make it affordable, I just meant we saw price drop in market and assessments. Prices here are ridiculous. We paid 415k for 2 bedroom apartment, now it is 575k but before the changes they were selling for 675k sight unseen, just buyers snapping them up
And thus many of those buyers moved to other Canadian cities and did the same thing as Vancouver.