The best things in life all start with the letter B
Hooray for: Bacon, Bikeys, Boobies, Boards, and Beer!
The Decline of Vancouver.
Hey, what's the deal with the COV outlawing Natural Gas? Just came out of nowhere!
Wrong. Always.
Hey, what's the deal with the COV outlawing Natural Gas? Just came out of nowhere!
They want to mandate 'greener' alternatives in new constructions. Getting off of baseboard heaters, electrical/gas boliers kinda thing and generally make it harder for gas as part of a long term phase out. They've been pushing for this for a while now which is all well and fine, but two things.
1 - One of the big alternative they're pushing for: wood-fired pellets in boiler systems. I shit you not. Rationale is that wood pellets are renewable. :crazy:
2 - VP of Fortis attended a council meeting some time ago and spoke to council/answered questions about gas. He was the last to speak, gave his two cents and had his comments completely struck from the council meeting record.
Hey, what's the deal with the COV outlawing Natural Gas? Just came out of nowhere!
The deal is, they are doing no such thing.
There will be a push for other alternatives, such as biogas but that will be more based on incentives not anything like an attempt to 'outlaw' natural gas.
http://www.cbc.ca/news/canada/british-columbia/vancouver-natural-gas-ban-2050-1.3775085
When one person suffers from a delusion, it is called insanity.
When many people suffer from a delusion, it is called religion.
Hey, what's the deal with the COV outlawing Natural Gas? Just came out of nowhere!
You're thinking of the proposed the law to outlaw oxygen. No oxygen, no combustion, no C02. Its simple. I, for one, look forward to an Oxygen-Free future.
One of the most efficient ways to reduce housing costs is to create the most convoluted permitting and building code system known to man.
It is proven fact, that when fully and completely confused, trades at the mercy of city inspectors, do some of their most efficient and inexpensive work.
Uncertainty and complications are known to be primary drivers of lower costs.
One of the most efficient ways to reduce housing costs is to create the most convoluted permitting and building code system known to man.
It is proven fact, that when fully and completely confused, trades at the mercy of city inspectors, do some of their most efficient and inexpensive work.
Uncertainty and complications are known to be primary drivers of lower costs.
Just so everyone knows, this is sarcasm at its finest!
So Feds just tossed the principal residence exemption for non-residents. I wonder if this will keep them from bringing in busloads of foreigners from YVR to the Brentwood pre-sales office? What will this do for transactions in process?
Bumpy ride ahead..
NSMBA member.
Good! Keep the countermeasures coming.
Meanwhile builders planned on foreign buyers and they now will go bust.
It is easy to dodge our responsibilities, but we cannot dodge the consequences of dodging our responsibilities.
- Josiah Stamp
Every time I see an adult on a bicycle, I no longer despair for the future of the human race.
- H.G. Wells
Good! Keep the countermeasures coming.
exactly…:rave:
Meanwhile builders planned on foreign buyers and they now will go bust.
We don't know what our limits are, so to start something with the idea of being limited actually ends up limiting us.
Ellen Langer
So Feds just tossed the principal residence exemption for non-residents. … What will this do for transactions in process?
Bumpy ride ahead..
More interesting than that will be what happens with the new mortgage regulations. People put downpayments on pre-sale condos based on pre-approval at today's stress testing, which is based on the lowest lending rate. Meanwhile, when their closing date comes, they will have to requalify at the new regulation, which is based on the 5 year rates. They may not qualify, if they originally maxed out, or what if the condo drops in value between now and closing?
Interesting times ahead for sure.
:canada: :swiss:
More interesting than that will be what happens with the new mortgage regulations. People put downpayments on pre-sale condos based on pre-approval at today's stress testing, which is based on the lowest lending rate. Meanwhile, when their closing date comes, they will have to requalify at the new regulation, which is based on the 5 year rates. They may not qualify, if they originally maxed out, or what if the condo drops in value between now and closing?
Interesting times ahead for sure.
Many Canadians didn't like the socialization of the risks taken by those who will no longer meet the stress tests. So pain for those risk takers, but they're not the masses who re-elect governments. If lots of condo projects don't get built b/c foreign buyers bail for another jurisdiction, the fall-out to watch for is the trades job losses. BC's economy is hinged on the business of building and selling housing, and we're the #1 provincial economy right now. How scary is that?
NSMBA member.
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