Podcasts about prec

For the first time in 2025, Vancouver home prices have declined—and combined with multi-year lows in sales activity, have we finally reached the bottom of this market cycle?In this week's episode, we dive into the May market update for Vancouver, examining why—after four consecutive years of declining home sales—we may be approaching a cyclical turning point. Vancouver just posted its lowest April sales figures since 2019, and for context, this is now the longest recorded slowdown in the GVRD since 2005. But what's fascinating is that some early signs of life are emerging in other major Canadian markets—especially Toronto. TRREB reported a modest 1.8% increase in sales in April, breaking a brutal two-month, 27% drop. Is this a blip, or the beginning of the stabilization phase?We break down affordability and consumer confidence, two key drivers of real estate cycles. With mortgage payments on a typical home now at $2,600—the lowest since May 2022—affordability is quietly improving. And with consumer sentiment indexes showing their first significant jump in over a year, buyer psychology could be shifting. Should the Bank of Canada cut rates in June, as markets are pricing in, it could bring payments back to 2022 levels—when sales volumes were 52% higher.We then turn to Toronto, where the situation is more extreme. GTA sales remain 21% lower year-over-year, with condo sales down a staggering 30%—the lowest sales figures seen in 25 years (excluding COVID lockdowns). Inventory is ballooning, up 51% overall and 83% for condos in the 416. And prices across all asset types have dropped: condos are down 6.8%, detached homes 5.4%. Meanwhile, the rental market is under pressure too. With 16,000 rental listings, GTA rental inventory is at an all-time high. Rents are now 13% below peak levels, and investor demand has fallen off a cliff. But with prices and rates declining faster than rents, even cash flow metrics are beginning to improve—though we're still far from equilibrium.We then circle back to Vancouver. Despite the sales slowdown, condos have shown surprising resilience—both in sales and price. Condo transactions are down just 56% from peak levels (compared to 71% for detached homes) and prices have only slipped 2% from their highs,  outperforming detached and townhouse segments. In fact, when looking at the broader GVRD—excluding downtown Vancouver—condo prices have barely moved.New listings in Vancouver came in slightly below 2024 levels but remain steady, and inventory continues to climb, reaching an 11-year high for April. With buyers still largely on the sidelines, the sales-to-active ratio has held in balanced market territory for 12 straight months—14% overall. The days-on-market average ticked up to 16, and foreclosure activity rose slightly but remains a minor share of total listings.Finally, we close with price movement: The Home Price Index fell by 0.5% this month, the first drop of the year, bringing the average Vancouver home price to $1.184M. The average price dropped by $20,000, and prices are now 1.8% lower than they were a year ago.Whether we've hit the bottom or are simply sliding along it remains to be seen—but the data suggests that a turning point could be on the horizon. Be sure to tune in for our full analysis, charts, and predictions—so you're prepared for what's next in this shifting market. _________________________________ Contact Us To Book Your Private Consultation:

Top of the Tower talks with Inrush Broadcast's Rob Bertrand about the future of broadcast engineering as a service

When is the right time to buy a home? For many, it's when they feel ready—personally and financially. But even then, timing the market, understanding future price direction, and interpreting shifting economic signals can complicate the decision. In this episode, we break down everything you need to know to make a confident, informed choice about buying a home in 2025.First, we examine the all-powerful & predominant force of interest rates. The Bank of Canada held steady in April, but with two more rate cuts expected in June and September, we could see the overnight rate drop to 2.25% by year-end. Variable-rate holders may feel relief by the fall, while fixed rates have remained mostly unchanged—making the 3.99% offers available now historically attractive, even if there's potential for further dips.But rates don't act alone. Sentiment plays a massive role. Despite consumer confidence hitting all-time lows, April brought a slight rebound—too soon to call it a trend. However, business sentiment continues to deteriorate, dragging down the Real Estate Outlook Index at its fastest pace since the 2022 rate shock. Sales volumes remain sluggish, and we don't expect a sharp bounce anytime soon.Real estate moves in cycles, and Vancouver's decades-long climb may be entering a slower phase. We revisit Toronto's 1989 peak, when prices fell 27% over seven years and took 22 years to recover in inflation-adjusted dollars. Could Vancouver follow a similar path after peaking in 2022? If so, prices may not reach those highs again until 2028 or later. Buying today means thinking long-term—and accepting that appreciation might not arrive on your timeline.Meanwhile, first-time buyers are getting older. In Canada, the average is now 33—up from 32 in the early '80s—while in Ontario it's hit 40. Surprisingly, Americans, with cheaper homes but more student debt, wait even longer (age 38 on average). What's driving Canadians to buy sooner? But supply is failing to keep up. March housing starts missed expectations by 14%, and condo construction is in freefall—down 45% from last year. Remove purpose-built rentals, and we're at 15-year lows. Ontario and BC, the provinces with the greatest need, are down 38% and 30% year-over-year. CMHC says we need 3.1 million more homes by 2030. At this rate, that's a pipe dream.On top of that, inventory levels are rising, especially in the pre-sale market. Vancouver could hit 3,500 unsold new condos by year-end—a 60% surge. With investor demand almost vanished (down from 50%, then 25% and now 7%!), developers are cancelling projects, and hundreds of homes won't break ground. Even with record immigration—Toronto just became North America's fastest-growing city—new supply is evaporating.We close with a mini-market update: May sales in Vancouver are trending at a six-year low (outside of COVID lockdowns), while inventory is at an 11-year high. Median prices are up slightly, but average prices are slipping. Could this be the inflection point?So… is now the right time to buy? That depends on your goals, your timeline, and your outlook. This episode delivers the data, trends, and insights to help you decide—with eyes wide open.Are you prepared to buy with the long-term in mind, even if prices don't rise during your ownership? Let's chat about it. _________________________________ Contact Us To Book Your Private Consultation:

Foi o centro do poder durante os meses quentes do PREC. Juntou políticos, intelectuais e militares. E foi lá que Melo Antunes corrigiu o Documento dos Nove. Sabe de que bar estamos a falar?

Building major housing projects in Canada is a deeply complex and often misunderstood process — one that requires more than just permits and plans. It's about aligning the vision, values, and needs of developers, cities, and the communities they aim to serve. And at the centre of that delicate balance is Gary Pooni, President of Pooni Group, a renowned Urban Planning and Land Development consultancy based in Vancouver. With nearly 30 years of experience, Gary has played a critical role in shaping some of the most significant developments across Metro Vancouver, Vancouver Island, the Sea-to-Sky Corridor, Alberta, and Ontario.In this episode, we sit down with Gary to uncover the nuanced and often unseen world of urban planning in Canada why it seemingly takes an inordinate amount of time to build anything. With over 800 projects successfully guided through all stages of the development process in more than 25 Canadian municipalities, the Pooni Group has become the gold standard in bridging the gap between municipal regulations and private development. Gary shares how his team helps developers navigate the red tape of rezoning, permitting, and compliance — particularly in markets like Vancouver, where the approval process for major projects can take years and often results in a stifled housing supply and elevated prices.We ask Gary to shed light on why this process takes so long, what the biggest systemic bottlenecks are, and what practical solutions might look like. From there, we zoom out to a national lens, exploring the broader challenges that slow the pace of housing construction across Canada — and what must change if we're serious about addressing affordability and supply.But this conversation goes far beyond bureaucracy. We explore the future of Canadian cities and what urbanization might look like by 2050. Gary shares his bold predictions about how technology — particularly AI and robotics — will shape the way we design and build communities. He also discusses how the post-pandemic landscape has fundamentally shifted the office and retail sectors, and how the concept of “experience” is becoming the cornerstone of these spaces.We also dive into demographic shifts — with millennials and downsizing boomers now dictating what types of homes are being built, what features matter most, and how planners need to adapt their strategies to meet evolving lifestyles and expectations.Finally, Gary introduces his brand-new development course — a must for anyone looking to understand the ins and outs of real estate development in Canada. Whether you're a new developer, a seasoned investor, or a curious policy enthusiast, this course promises to deliver practical knowledge from one of the most experienced professionals in the field.This episode is a masterclass in how real estate development really works in Canada — from behind-the-scenes negotiations to the visionary thinking needed to build the cities of tomorrow. Don't miss it.Join The Course Here:https://laidleracademy.com/pooni-new-era-course _________________________________ Contact Us To Book Your Private Consultation:

Fernando Alvim conversa com Rui Cardoso sobre: Breve história do PREC.

Estamos no mês da Revolução de Abril e o podcast da secção de internacional do Expresso decidiu ir à procura de um ângulo estrangeiro para um história muito portuguesa. Neste episódio ouvimos Isabel Mões, atriz, encenadora, dramaturga e autora do podcast narrativo “Eu Vim de Longe”, onde entrevista pessoas que viajaram até Portugal na altura do PREC e se juntaram à Reforma AgráriaSee omnystudio.com/listener for privacy information.

In this week we cover some of the most consequential turning points in Canada's housing narrative to date including the breakdown of the Federal Conservative and Liberal housing plans. New home construction is collapsing at a national level—plummeting in cities like Vancouver by as much as 36% year-over-year—just as Canadians are being asked to decide who should lead the country through the next era of growth, or decline. We begin with the Bank of Canada's latest rate decision: after seven cuts in the last 12 months, the BoC held steady at 2.75%, citing uncertainty caused by the ongoing U.S. tariff war. Governor Tiff Macklem emphasized that monetary policy can't fix trade disputes but must focus on maintaining price stability. Although unemployment is rising and growth is slowing, the threat of inflation led the Bank to pause further cuts. At the same time, bond yields are surging, which could soon push mortgage rates higher, adding yet another affordability challenge for buyers.Inflation data offered a brief reprieve, coming in at 2.3% for March—cooler than expected—thanks largely to lower gas prices. Shelter costs remain high but are decelerating, and rents continue to trend downward. National home sales, however, paint a more sobering picture. Volumes fell 5% month-over-month and 9% year-over-year, making this past March the slowest on record since 2009. Despite that, prices have only dipped modestly—just 2.1% year-over-year by HPI, and 3.7% by average price—suggesting the market remains surprisingly resilient even as sentiment erodes.But it's the housing start data that really underlines the problem: Canada posted the lowest monthly housing starts in six years, and it's getting worse. Toronto's pre-sale condo market has all but collapsed. Sales are 88% below the 10-year average, and unsold inventory now sits at a staggering 78 months of supply! That's 6 years! Developers are pulling out, projects are being cancelled or converted to rentals, and there's zero profit margin left in many builds. As construction slows, a severe future housing shortage feels inevitable as the roller coaster continues.Finally, we break down the election housing platforms of both the Liberal and Conservative parties. The Liberals plan to double annual home construction to 500,000, reintroduce tax incentives for rental construction, and create a new government housing agency—yet offer little in the way of realistic execution given Canada hasn't built more than 270,000 homes in a single year in over four decades. Meanwhile, the Conservatives propose slashing GST on new homes up to $1.3M, punishing cities that fail to meet housing targets, and offering financial rewards to those that exceed them. They aim to unleash supply by freeing up federal land and cutting red tape, though critics argue their platform lacks implementation details.If housing affordability matters to you—and it should—then this episode is essential listening. We examine not only the data but the direction each political party is trying to take Canada. With construction grinding to a halt, affordability still out of reach for most, and developers hitting pause across the country, the decisions we make now will define the housing market for the next generation.  _________________________________ Contact Us To Book Your Private Consultation:

Quando chegou a Mato Grosso, nos anos 70, a região que hoje é Nova Canaã do Norte nem sequer tinha esse nome. Estradas? Precárias. Comunicação? Bilhete enviado por ônibus. Luz elétrica? Um sonho distante. Foi nesse cenário que o curitibano Mário Wolf Filho começou a construir uma trajetória inspiradora no agro mato-grossense. Visionário e apaixonado pela pecuária, foi pioneiro na adoção de tecnologias como a integração lavoura-pecuária-floresta, e o uso de genética de ponta na bovinocultura da região. Não por acaso, as propriedades dele estão entre as mais produtivas do estado. Ao longo dos anos, o “seo" Mário cultivou muito mais que soja e pasto: semeou amizades! No bate-papo, revisita desafios e conquistas da história que escreveu até aqui, reflete sobre o papel das novas gerações e faz questão de homenagear os verdadeiros heróis do campo: os pioneiros anônimos que transformaram a terra bruta em solo fértil de oportunidades. Ele também fala sobre legado, sucessão familiar, e reforça o valor de princípios como compartilhar conhecimento e pensar coletivamente. Aliás, afirma que, “o sentido da vida é ser útil para a sociedade.” Uma conversa que é um verdadeiro presente para quem nunca se esquece que o agro é feito, antes de tudo, por pessoas.See omnystudio.com/listener for privacy information.

Bahreinas GP Oskars Piastri izcīna pole un pārvērta to pārliecinošā uzvarā sacīkstē, tomēr aiz viņa muguras izvērtās liela jautrība.#BahreinasGP #Piastri #Noriss

The spring market is all but dead in 2025. That much is clear. The traditional seasonal surge in home sales that typically arrives in March and April has simply failed to show up. Home sales across Canada remain at multi-decade lows, with April currently trending a shocking 33% below last year—an already sluggish benchmark in itself. The market remains paralyzed under the weight of higher interest rates and high home prices, both of which are now colliding with a wave of mortgage renewals, Trump-imposed tariffs, and an upcoming federal election. These compounding pressures have Canadians turning their attention away from housing, choosing caution and savings over real estate.And yet, below the surface, the long-term trajectory of the Canadian real estate market is beginning to reveal itself. This episode dives deep into the undercurrents—employment, arrears, monthly payments, national inventory, and new housing construction—to show you where the market is heading next, even if you're not planning a move anytime soon. One revealing example is a recent court-ordered sale we just attended. Despite going through a complex legal foreclosure process, the property still attracted multiple offers and sold over asking—showing us that demand isn't dead, just dormant and highly specific.But here's where the tone starts to shift. Monthly mortgage payments have started to trend downward from their 2023 peak of $3,400, and if the Bank of Canada cuts rates to 2% as forecasted by many Banks, we could see payments fall by 30%. Combine that with the fastest wage growth in 25 years and the highest household savings rate in three decades, and you begin to understand why buyer intentions are beginning to creep back into the market —albeit modestly. Renters planning to buy are up from 17% to 19%, and existing homeowners considering a purchase rose from 14% to 16%. With sales at 30+ year lows, these early signs of returning confidence could be the start of the next upswing in the market cycle.Inventory is also building. Active listings in February rose 13.1% year-over-year, and while we're still below the long-term average, the trend is undeniable. In Toronto, March condo listings hit a record 5,500 in one month. The sales-to-new-listings ratio has dropped below 30% for the first time since 1991, and condo prices are already down nearly 5% year-over-year. Pre-sale condo activity has collapsed. In Toronto, only 152 new condos sold in the last month—down 95% from the 2022 peak. At this pace, new completions are projected to fall from over 30,000 in 2025 to fewer than 5,000 by 2029.And yet, even this bleak data paints a roadmap. With fewer completions ahead, the pre-sale condo market may re-emerge as a viable opportunity once the correction has taken place—just not in 2025 and potentially not until 2027 or 2028. For now, returns are still negative, but improving, with cash flow losses narrowing and principal paydown delivering small but positive equity growth. As cycles go, we are in the trough. But every cycle turns, the question is when. _________________________________ Contact Us To Book Your Private Consultation:

ome sales in Vancouver just hit their lowest point in six years, marking yet another painful milestone in what's quickly becoming one of the most uncertain and volatile real estate markets in decades. And if you're wondering why this is happening, just look at the bigger picture—consumer confidence in Canada just hit an all-time low. That's right—lower than the depths of the Great Financial Crisis, and worse than the early pandemic panic. Business confidence is in the same horrific state, and these weren't even recorded after Trump's tariffs took effect. With those now in place, pressure is mounting on the Bank of Canada as it faces a nightmarish economic puzzle: GDP is rising, inflation is expected to heat back up, the housing market is crumbling, and record levels of debt are coming due for renewal. Meanwhile, the March real estate data for Vancouver has just dropped, and we're breaking down all the key metrics—from collapsing sales volumes to rising inventory to surprisingly resilient home prices—and analyzing what all this means for home values for the spring 2025 market.Let's talk inflation. March came in hot at 2.6%, a big jump from the previous month's 1.9%, and far above expectations. Mortgage interest costs have fallen again for the 18th straight month, but inflation is now at a seven-month high, forcing the Bank of Canada into a tightening corner. And behind the scenes, 45% of businesses expect to raise prices more than 5% this year—double what it was just six months ago. While tariffs may warrant easing, inflation is pushing back hard, and markets no longer expect a rate cut in April. Meanwhile, GDP rose again—up 0.4% in January after a 0.3% climb in December—led by energy and mining. While the headline looks positive, remember: per capita GDP has been in decline for over two years. The BOC may take these numbers at face value, but it's a fragile recovery at best.South of the border, the U.S. Fed held its rate at 4.5% last month, with possible cuts later this year. But Powell made it clear: if inflation stays sticky, high rates could persist. Their GDP forecast was revised down and inflation up. The takeaway? If the Fed cuts, Canada could follow—especially as our economic risks grow and global trade uncertainty lingers. In the mortgage world, renewals are surging—up 110% year-over-year—and projections vary widely. BMO sees rates at 2% by end of 2026, while Scotia sees no cuts until 2027. The big banks don't agree, but they're all aligned on one thing: no hikes are coming. That's welcome news for those riding variable rates or planning their next move.New housing supply is in freefall. National housing starts dropped 4% month-over-month and 12% year-over-year, but BC is the epicenter of the downturn: starts plunged 22% just last month and are down 32% from last year. In Vancouver alone, they're off by 18%. This comes at a time when building permits are at rock bottom—meaning even fewer homes will be built in the years to come. While inventory is high now, the longer-term risk is a devastating shortage. Just look at the national data going back to 1972: while population growth has doubled, housing completions have actually declined. CMHC now estimates we'll be short 3.5 million homes by 2030. Add affordability and suitability issues, and we're heading toward a full-blown housing crisis. _________________________________ Contact Us To Book Your Private Consultation:

Public radio has an audience size of around 30 million weekly radio listeners with a broader reach exceeding 57 million when including digital platforms. Public Radio engineers play a critical role in building, upgrading, and maintaining the needed facilities and infrastructure. Broadcasters go to the NAB show in Las Vegas to see and hear what’s new in the broadcast and media industries, and the Public Radio Engineering Conference (PREC) is one of the first events surrounding each NAB show. The PREC is public radio's annual get-together for engineers, technologists, leaders and creators of all experience levels. TWiRT is excited to bring you some of the key players - engineers, consultants, and equipment experts. Show Notes:APRE - The Association of Public Radio Engineers - apre.us Guests:Alex Hartman - KVSC-FM & Optimized Media GroupJohn George - RF SpecialtiesJim Gray - Optimized media GroupRob Bertrand - Partner at Inrush Broadcast ServicesScott Hanley - General Manager at WZUM Pittsburgh Public MediaHost:Kirk Harnack, The Telos Alliance, Delta Radio, Star94.3, South Seas, & Akamai BroadcastingFollow TWiRT on Twitter and on Facebook - and see all the videos on YouTube.TWiRT is brought to you by:Broadcasters General Store, with outstanding service, saving, and support. Online at BGS.cc. Broadcast Bionics - making radio smarter with Bionic Studio, visual radio, and social media tools at Bionic.radio.Aiir, providing PlayoutONE radio automation, and other advanced solutions for audience engagement.Angry Audio and the new Rave analog audio mixing console. The new MaxxKonnect Broadcast U.192 MPX USB Soundcard - The first purpose-built broadcast-quality USB sound card with native MPX output. Subscribe to Audio:iTunesRSSStitcherTuneInSubscribe to Video:iTunesRSSYouTube

Just over a year ago, Vancouver's rental market was on fire. Rents were rising at record pace, showings were fully booked within hours, and competition was fierce. Fast forward to today, and it's a very different story. Properties that used to rent in a single day are now sitting on the market for months. Rents are softening, vacancy is creeping up, and investors—especially small-scale landlords—are starting to feel the pressure.In this episode, we explore the major shift in Vancouver's rental market, digging into the economic forces and real estate dynamics that got us here. From high interest rates and inflation-fighting policies to rising construction costs and tariff threats, we break down how macroeconomic conditions have trickled down into a rental environment that's finally showing signs of balance—or at least a pause.We take a closer look at the impact of newly completed, purpose-built rental buildings and how they're changing the game for mom-and-pop investors. In 2024 alone, over 17,900 new rental units have been registered—representing 44.4% of all new housing starts in BC. As these larger, professionally managed buildings come online, they offer better amenities, stronger tenant protections, and often more aggressive pricing and incentives to fill vacancies quickly. This puts significant pressure on individual condo landlords, many of whom now have to drop rents or risk sitting vacant for months.We share real-world examples that paint a clear picture of this market shift. A 1,000 square foot, two-bed plus den in Yaletown that rented in just one day in 2022 for $3,500 is now listed at $3,400, has sat on the market for over 80 days, and may lease at $3,300—a 6% decline. A one-bedroom unit in Coquitlam that rented in 2 days for $2,300 in November 2023 just leased for $1,900 after 93 days and 33 showings—a 17% drop. Average days on market have risen from 32 to over 43 in the past year, and many units are receiving less than one showing per week.This episode unpacks what all of this means for renters, landlords, and investors alike. The balance of power may be shifting toward tenants, with more options, lower prices, and better negotiating power than they've had in years. At the same time, investors are being squeezed by rising holding costs, taxes, and a softening rental environment. Even as mortgage rates show signs of easing, the gap between expenses and income is widening for many who purchased recently using high leverage.We also examine whether purpose-built rentals are truly improving affordability, or simply creating a new class of high-end rental stock. While many of these buildings offer cost efficiencies, lower maintenance, and no risk of eviction due to landlord use or sale, they often come with premium finishes and luxury amenities that keep monthly rents high. Still, their existence could free up more condo units for first-time buyers and shift tenant demand in a meaningful way.Whether you're a tenant looking to time your move, a landlord wondering how to stay competitive, or an investor rethinking your long-term strategy, this episode brings clarity to a rapidly evolving market. We break down what's happening now, what's likely coming next, and what you can do to stay ahead of the curve in Vancouver's changing rental landscape. _________________________________ Contact Us To Book Your Private Consultation:

Tinha 32 anos em 74. Viu Soares Carneiro ser preso à sua frente no PREC. Antigo Ministro da Educação de António Guterres, jamais teria sido governante antes do 25 de Abril.

Welcome to The Vancouver Life Podcast! In this episode, we dive into the forces shaping the future of Vancouver's real estate market with Josh White, the General Manager of Planning, Urban Design, and Sustainability for the City of Vancouver. Josh brings a wealth of experience from his time as Director of City and Regional Planning and Co-Chief Planner at the City of Calgary, and now leads Vancouver's planning efforts at a time when housing supply, affordability, and urban development are more critical than ever. We discuss the lessons he's learned from his time in Calgary and brought to Vancouver, and how the city is tackling some of its biggest affordability challenges. We dig into the complexities of Vancouver's permitting process, why timelines under the City's ambitious 3-3-3-1 Plan have been difficult to meet, and whether hiring more staff is really the solution. Josh sheds light on the city's plan to streamline over 1,800 pages of policy documents into just 100 pages and what that will mean for builders and homeowners. We also explore upcoming system changes that could cut permit times in half by allowing Development Permits and Building Permits to be processed in parallel. Josh shares his take on Bill 47 and how transit-oriented development is shaping the future. We tackle the long and often frustrating process developers face to rezone and build towers, why Vancouver's city fees are among the highest in Canada, and how Development Cost Levies impact affordability and cash flow. We ask where these funds are being spent, whether there's accountability in how they're used, and discuss the city's evolving stance on banning natural gas in new homes. Josh also weighs in on Bob Rennie's recent proposal to allow foreign buyers to participate in pre-sales with long-term rental commitments, and we talk about changes to REDMA that give developers more breathing room in today's challenging market. Lastly, Josh shares his vision for housing in Vancouver, how builders can help streamline processes at City Hall, the conversations happening around affordability, and how sustainability is built into every decision the city makes for the future. This is an in-depth conversation you won't want to miss if you care about the future of housing in Vancouver.Josh White joined the City of Vancouver in May of 2024, coming from Calgary where most recently he was Director, City and Regional Planning and Co-Chief Planner at the City of Calgary. There, he stewarded the adoption of a new housing strategy in collaboration with partners and led the creation of a simpler and more effective planning policy and regulation. During a period of extraordinary population growth for the city, Josh also oversaw strategic growth, growth funding and financing, and infrastructure planning for the municipality. In his tenure at the City of Calgary, he also initiated and led the significant transformation of the development approvals system, which resulted in improved planning outcomes,benchmarked as among the most efficient in Canada.He holds a master's degree in urban and regional planning from Queen's University, and began his career in the private sector, serving a variety of private and public sector clients as a consultant with Urban Strategies in Toronto. Josh's private sector experience also includes leading planning and approvals for Alpine Park, a progressive n _________________________________ Contact Us To Book Your Private Consultation:

The Bank of Canada cut interest rates this week for the 7th consecutive time, lowering the overnight rate to 2.75%—a level we haven't seen since August 2022. But what really caught our attention wasn't just the cut itself—it was what Governor Tiff Macklem said at the press conference. Macklem explicitly stated that tariffs are restraining household spending intentions, and in response, the BOC is acting to stimulate the economy. That's right—he's openly admitting that the Bank is working to revive spending, which in Canada, largely means propping up the housing market. This isn't speculation. It's policy. And it's becoming increasingly clear that maintaining home prices is a top priority at the highest levels of government.But what does this mean for Canadians, especially those with mortgages renewing this year? We ran the numbers: a homeowner who took out an $800,000 mortgage in 2020 at 1.8% will see their monthly payments jump by $927 if they renew today at a 4.39% fixed rate. That's still 32% higher than what they were paying four years ago. While rate cuts are happening, they're nowhere near enough to ease the burden of higher borrowing costs—at least not yet. On the inflation front, early warning signs are flashing yellow. The Raw Materials Price Index is up 11% year-over-year, the highest jump since 2022. The Industrial Product Price Index is also rising, historically a leading indicator of core inflation. And with 20% of businesses planning to hike prices by 6% or more this year, it's possible that inflation could start creeping back up by Q4 2025. If that happens, we may not see as many rate cuts as the market is pricing in.The uncertainty around tariffs is also crushing consumer and business confidence. The Index of Consumer Confidence has now dropped below Global Financial Crisis levels, meaning people feel worse about the economy today than they did in 2008. And with nearly 63% of Canadians saying it's a bad time to make a major purchase, spending is slowing—bad news for businesses already holding back on investments. This hesitation is showing up in BC real estate sales as well. In February, home sales in BC fell 9.7% year-over-year, with average prices down 2.4%. The total sales volume hit just $4.8 billion, an 11.8% decline compared to last year. This is a major shift from the red-hot market we saw in 2021 and 2022, proving that even with rate cuts, buyers remain cautious.Lastly, we take a deep dive into the growing wealth divide. Despite economic uncertainty, household net worth in Canada surged 1.4% in Q4 2024, adding $236.3 billion in wealth and bringing the total to $17.5 trillion. Over the past year, wealth climbed by 7.3%, even after adjusting for inflation. But here's the catch: the top 20% of households now control 68% of all financial assets, a share that continues to grow. With interest rates coming down, asset holders will benefit the most, widening the wealth gap even further. _________________________________ Contact Us To Book Your Private Consultation:

Vai tiesa, ka stresu dažkārt veicina ne tikai mūsu psiholoģiskie pārdzīvojumi, bet arī fizioloģiskas izmaiņas organismā? Kur rodas stresa hormoni – kortizols un adrenalīns – un kas notiek, ja tie sāk pārņemt mūsu organismu nekontrolēti? Par to studijā iztaujāsim Rīgas Austrumu klīniskās universitātes slimnīcas Endokrinoloģijas nodaļas vadītāju, Rīgas Stradiņa universitātes asociēto profesori Ilzi Konrādi. * Zinātnes ziņas Megalodona izmēri varētu būt bijuši lielāki, nekā līdz šim pieņemts. Pirms dažiem gadiem uz ekrāniem bija skatāma asa sižeta filma par megalodonu – gigantisku haizivi. Varbūt toreiz kādi skatītāji domāja, vai tas ir izdomājums, vai arī šāds radījums okeānos patiešām kādreiz dzīvojis. Un atbilde ir – jā. Megalodons ir reāla suga, kas kādreiz mitusi, un tādas vietnes kā “Live Science” un “Science Daily” tai veltījušas plašākus izklāstus. Zinātnieki visai ilgi uzskatījuši, ka megalodoni izskatījās kā lielas baltās haizivis, taču jaunākais pētījums liecina, ka megalodons bijis vairāk nekā 24 metrus garš dzīvnieks, un tas ir vairāk nekā uzrādījuši līdzšinējie aprēķini. Salīdzinājumam – baltās haizivs mātītes ķermeņa garums var būt aptuveni pieci metri. Tā ka redzams atšķirība ir visai liela – pieci metri vai 24 metri.  Bet milzenis megalodons mūsdienās sastopams vairs nav, tas ir dzīvojis jūrās laika nogrieznī pirms 20 miljoniem gadu līdz 3,6 miljoniem gadu. Pilnīgi megalodonu skeleti atrasti nekad nav, tāpēc mūsu zināšanas balstās un arī avoti, no kuriem zinātnieki var gūt datus, nāk no fosilijām - zvīņu un zobu fosilijām. Lai iegūtu jaunākos datus par megalodona izmēru, zinātnieki no Kalifornijas un Riversaidas universitātes, kā arī citām pasaules vietām megalodonu fosilijas salīdzinājuši ar vairāk nekā 150 dzīvām un izmirušām haizivju sugām, iegūstot pēc iespējas precīzāku megalodonu galvas, ķermeņa un astes proporciju. Vēl pētnieki atklājuši, ka megalodons varētu būt dzemdējis dzīvus mazuļus, un arī to garums varētu būt bijis līdz pat četriem metriem. Tas, par ko pētnieku vidū nav vienprātības, – kādai mūsdienu sugai megalodons ir līdzinājies. Kā piemēru jau minējām balto haizivi, tomēr ir zinātnieki, pēc kuru domām, megalodona ķermenis pēc formas daudz tuvāks bijis citronhaizivij vai pat lielam valim.  Pirmais Mēness aptumsums šogad – 14. martā. Bet par kādu citu dabas brīnumu. Piektdien, 14. martā, gaidāms šī gada pirmais Mēness aptumsums, un par to vietnē “Scientific American”. Precīzāk izsakoties, aptumsums būs 13. marta naktī un 14. marta agrās rīta stundās, un tas būs pilns Mēness aptumsums pēc trīs gadu pārtraukuma. Tiesa gan, mūsu platuma grādos šis notikums ies secen. Pilnu Mēness aptumsumu varēs vērot tikai paši Eiropas rietumi – Spānija, Īrija un Lielbritānija. Toties viskrāšņāko un pilnāko aptumsumu varēs skatīt tie, kuri dzīvo Ziemeļamerikā un Dienvidamerikā. Ja klausāties Latvijas Radio, būdami šajās vietās, tad ziniet, ka jums tāda iespēja ir, un to patiešām nevajag laist garām. Bet Latvijā neskumstiet, jo naktī no 7. uz 8. septembri eiropieši redzēs Mēness aptumsumu, un tad to neredzēs Amerika.  Ar ko Mēness aptumsums ir interesants? Atšķirībā no strauja Saules aptumsuma, Mēness aptumsums ir lēns un majestātisks, un, lai to redzētu, nav nepieciešans īpašs aprīkojums vai optisks palīglīdzeklis.  Mēness, Saule, Zeme – šo triju ķermeņu attiecības nosaka Mēness aptumsuma veidošanos, detalizētāk, kā tas notiek, aprakstīts vietnē, bet tur arī piedāvāts tāds vienkāršots skaidrojums. Proti, iedomājieties, ka jūs atrodaties uz Mēness, skatoties uz Zemi un Sauli. No šī skatupunkta šķiet, ka Zeme lēnām virzās Saules priekšā. Sākumā jūs redzat, ka Zeme pavisam nedaudz bloķē Sauli, un gaismas daudzums, kas pie Jums nonāk, samazinās, bet mazliet. Laika gaitā Zeme bloķē Sauli arvien vairāk, un apgaismojums vēl vairāk samazinās. Pēc aptuveni stundas Zeme pilnībā nobloķē Sauli, Jūs atrodaties Zemes ēnā, un visapkārt ir tumšs. Attiecīgi, kad Zeme atkal atklāj Saules seju, aptumsums ir beidzies. Tik tālu par Mēness skatupunktu, bet Mēness aptumsumu mēs vērojam no Zemes, un te nākamais interesantais fakts. Brīdī, kad Saule attiecībā pret Mēnesi ir nobloķēta, mēs uz Zemes redzam nevis vienkārši tumšu, blāvu Mēness disku, bet Mēness seja kļūst “asiņaina”, un to arī sauc par “asiņaino Mēnesi”. Skaidrojumam palīdz fizika. Mēness aptumsuma laikā Saule izgaismo Zemi, tāpēc visa Saules gaisma, kas krīt uz Mēness virsmu, iziet cauri mūsu atmosfēras biezākajai daļai, iekrāsojot Mēnesi sārtā mirdzumā. Izskatās diezgan biedējoši, bet skaisti.  "Zinātnieki netiks apklusināti": tūkstošiem cilvēku protestē pret Donalda Trampa administrācijas politiku. Tūkstošiem pētnieku ASV pilsētās un arī Eiropā mītiņos ar saukli “Stand Up for Science”(jeb “Iestājieties par zinātni”) pauž protestu ASV prezidenta Donalda Trampa administrācijas darbībām, lai samazinātu zinātnisko darbaspēku un izdevumus pētniecībai.  Kopš stāšanās amatā janvārī Tramps un viņa komanda ir atlaiduši un dažos gadījumos mēģinājuši pieņemt atpakaļ darbā tūkstošiem darbinieku ASV zinātnes aģentūrās, kuru darbs bija saistīts ar kodoldrošību, putnu gripas uzraudzību, ekstrēmu laikapstākļu prognozēšanu un citiem jautājumiem. Administrācija ir arī mēģinājusi iesaldēt pētniecības dotācijas zinātnes finansēšanas aģentūrās, tostarp ASV Nacionālajā zinātnes fondā.  Vieni paši mītiņi gan izmaiņas neietekmēs, to jau pierādījuši protesti pagātnē, piemēram, 2017. gadā, kad pētnieki protestēja Trampa pirmā prezidentūras termiņa laikā. Taču svarīgi ir neklusēt, jo, kā norādījusi neirozinātniece Nensija Kanvišere: “Jūs nevarat vienkārši atlaist visus un pēc tam viņus atkal pieņemt darbā, kad tie ir nepieciešami. Zinātnieku paaudze būs zaudēta.” Par šī brīža protestiem plašāk vietnē “Nature”. Vai Latvijā ir retzemju metāli?  Visbeidzot, ja vēl par ģeopolitiku un zinātni, tad aicinām pašmāju portālā “Delfi” iepazīties ar rakstu par retzemju metāliem. Tieši Donalda Trampa un Ukrainas prezidenta Volodimira Zelenska iespējamais darījums par retzemju metāliem pēdējā laikā ir daudz figurējis ziņu virsrakstos, un “Delfu” rakstā labu skaidrojumu sniedzis ģeologs, Latvijas Universitātes asociētais profesors Ģirts Stinkulis. Viņš norāda, ka ne viss, kas ir reti sastopams, automātiski ir retzemju elementi. Tie ir pavisam konkrēti 17 elementi no Mendeļejeva periodiskās tabulas apakšējās daļas, piemēram, skandijs, itrijs, lantāns un citi, tiem ir augsta vērtība un praktiskais pielietojums, piemēram, elektronikā un militārajā jomā. Ukrainā tie ir pieejami, Latvijā par šo 17 elementu klātbūtni pierādījumu nav, bet mums ir ļoti daudz citu vērtīgu dabas resursu, piemēram, dzelzrūda. Par tās un citu atradņu nozīmi plašāk rakstā.

Vai fizisko aktivitāšu, noskrieto kilometru, pulsa, skābekļa, kaloriju un miega mērītāji ir precīzi? Šādu jautājumu mums uzdod klausītāji. Skaidrojam, kā darbojas veselības monitorēšanas iekārtas un aplikācijas un cik ļoti varam paļauties uz šo datu precizitāti. Par to saruna ar IT speciālistu, tehnoloģiju ekspertu Reini Zitmani, Latvijas Universitātes profesoru, Elektronikas un datorzinātņu institūta vadošo pētnieku Leo Seļāvo, uzzinot arī Rīgas Stradiņa universitātes lektori, sabiedrības veselības pētnieces Vitas Savickas viedokli.

Quem se lembra ainda do que foi o PREC? Isto é, Processo Revolucionário em Curso. Verdadeiramente começou a 11 de Março de 1975. Ou acelerou, tanto faz. Faz agora 50 anos, mas convém não esquecer.See omnystudio.com/listener for privacy information.

Canal Telegram: https://t.me/noticiastheravada/ Mosteiro Suddhavāri: https://suddhavari.org/ Caso queira nos ajudar: https://suddhavari.org/participe/ Participe da nossa comunidade, tenha acesso a ensinamentos e fique por dentro de todas nossas atividades inscrevendo-se na Rede Social da Sociedade Budista do Brasil: https://www.sociedadebudistadobrasil.org/rede/

The impact of tariffs on the housing market is already being felt. Even before they were implemented, just the threat of tariffs was enough to put buyers on the sidelines. Now that they are in place, the effects are hitting fast. Toronto, often viewed as a key indicator of the condo market, saw sales drop 28% month-over-month in February—a month that typically sees an increase from January. Vancouver's numbers reveal similar trends, with sales momentum reversing sharply after months of steady growth.While headline GDP growth showed a stronger-than-expected 2.6% annualized gain in Q4, the real story lies in GDP per capita, which has declined for two straight years, confirming that Canada has been in a per capita recession for over 24 months. Job vacancies have also plunged to their lowest levels since 2017, leaving workers with the worst job prospects in seven years. Despite what the official numbers suggest, the economic reality is pointing towards a prolonged slowdown that could further weaken real estate demand. One of the few bright spots for homeowners is the declining 5-year bond yield, which has hit a three-year low of 2.6%. This drop has made mortgage rates more attractive for the more than 50% of borrowers set to renew in the next two years. However, with tariffs likely to slow GDP growth even further, it's increasingly likely that the Bank of Canada will be forced to cut interest rates, possibly as soon as this spring, especially with an election on the horizon.The latest February 2025 real estate stats for Vancouver confirm shifting market dynamics. Total sales came in at 1,815, down 12% year-over-year and 29% below the 10-year average. This is particularly notable because since October, sales had been higher than 2023 levels each month—until February, when the trend reversed. The level of uncertainty created by tariff threats and economic instability has pushed buyers to the sidelines, and now that tariffs are in place, it appears the spring market may not materialize in the usual way.New listings rose 11% year-over-year to 5,066, marking a 12% increase above the 10-year average. However, February listings were actually lower than January, an unusual occurrence only seen six times in the past decade. The standout statistic here is condo inventory—February saw the highest number of condo listings ever recorded for the month, following a record-breaking January. This surge suggests a shift in buyer preference away from high-density living, as well as a growing supply of purpose-built rental housing, which is altering demand patterns. Inventory levels remain a key story, with active listings rising 32% year-over-year to 12,350, sitting 36% above the 10-year average. This places inventory at its highest February level in over a decade, though still below the 2012 peak of 14,875. The sales-to-active listings ratio stands at 15%, marking the 10th consecutive month in a balanced market, with detached homes at 10%, townhomes at 20%, and condos at 17%.One thing is clear—Vancouver real estate is at a pivotal moment, and how policymakers respond in the coming months could shape the market for years to come. _________________________________ Contact Us To Book Your Private Consultation:

The Toronto real estate market is making national headlines, with growing concerns about a condo crisis that has both buyers and developers feeling the pressure. In this episode, we sit down with renowned Toronto Realtor Tom Storey to break down what's really happening on the ground. With reports of buyers failing to close on pre-sale units and developers facing insolvency, we discuss how these issues are playing out in real-time and whether they're as severe as they sound. Are condos the only segment struggling, or is the slowdown affecting all types of housing? And how does Toronto's market compare to what we're seeing here in Vancouver? With both cities navigating high borrowing costs, policy roadblocks, and affordability concerns, we examine the parallels and key differences between the two.A record-low number of new projects launched in January, raising questions about whether developers will be on pause for most of 2025. We explore whether rising development charges, lengthy permit processes, and shifting buyer demand are keeping new housing from coming to market. These same issues have been major inhibitors to new supply in B.C., and we compare how government policies in both provinces are shaping future development. Additionally, with 50%+ of Canadian mortgages set to renew at significantly higher rates over the next two years, we assess how this looming financial pressure could impact both homeowners and investors. Are investors checking out of the market entirely, or are new opportunities emerging in the current landscape?Beyond the immediate slowdown, we also look at long-term structural issues. Toronto, much like Vancouver, has long been criticized for its lack of "Missing Middle" housing—smaller, multi-unit developments that could provide a bridge between high-rise condos and detached homes. We ask Tom whether Toronto has made any meaningful progress in addressing this gap and if there are solutions that could help increase supply. We also touch on the contentious topic of Ontario's Greenbelt—could opening up more land be a solution to affordability and supply issues, or would it create more problems? Additionally, with new tariffs looming over the construction industry, we analyze the potential ripple effects on housing costs and supply.Despite the uncertainties, market shifts often bring opportunities. Tom shares insights on where buyers and investors should be looking right now, what strategies are working for those still active in the market, and what potential silver linings could emerge from this downturn. And while there are real concerns about the future, there are also reasons for optimism. We wrap up by asking Tom what excites and scares him most about the future of Toronto real estate and how the market might evolve over the next few years. If you're looking for a deep dive into one of Canada's most talked-about real estate markets—and how it compares to Vancouver—this is an episode you won't want to miss! _________________________________ Contact Us To Book Your Private Consultation:

DESFALQUES NA SEMIFINAL | VEGETTI PROVOCA |BAP CITA NOVO PREÇO PARA ESTÁDIO DO FLAMENGO E MAIS by colunadofla.com

The Canadian housing market is experiencing one of its most dramatic shifts in recent history, as the gap between government promises and market realities continues to widen. While policymakers have focused on demand-side measures like home-flipping taxes, actual housing starts have declined significantly. Meanwhile, an unprecedented number of rental units are entering the market, leading to falling rental prices.Despite political rhetoric about increasing housing supply, overall housing starts have dropped 19% since their peak in 2021, now sitting at 239,000. However, rental unit construction is surging—up 44% year-over-year—comprising nearly half of all new starts. A record-breaking 144,000 rental units are currently in development, which is already having a profound effect on the market.Rental rates, which had been rising for 38 months straight, have now fallen for four consecutive months, with national averages dropping from a peak of $2,196 in January 2024 to $2,100 today. Shared accommodation listings have surged 42% year-over-year, with rates declining 7.6%, signaling a shifting dynamic in the rental market.While rental construction is booming, single-family home (SFH) completions tell a different story. In January 2025, only 3,800 SFHs were completed—the lowest monthly total since 1997. This ongoing supply crunch suggests that SFH prices may hold firm, even as the condo market weakens.Inflation in Canada remains relatively stable, sitting at 1.9% in January, marking six consecutive months at or below the Bank of Canada's 2% target. However, the vast majority of inflation—1.3%—is being driven by shelter costs. Mortgage interest costs, a key driver of inflation, have been slowing, with the most recent increase at just 0.2%, the weakest since April 2022.Employment Insurance (EI) claims are rising at an alarming rate. Nationally, claims increased 14% year-over-year, from 245,000 to over 280,000, while Ontario saw a 29% jump, from 76,000 to 98,000. These numbers suggest weakening economic conditions, which could drag down GDP growth in the months ahead.On the mortgage front, December saw a staggering 90% year-over-year surge in mortgage originations, largely due to renewals. Many homeowners who locked in ultra-low rates five years ago are now facing a 35% payment shock, putting additional strain on household finances.At the same time, housing inventory is surging. January saw an 11% month-over-month increase in new listings—the largest ever recorded. BC led the way with a staggering 29% increase. Pre-sale condo inventory in Greater Vancouver has nearly doubled from 7,000 to 12,000 units, pushing total available homes in the region above 25,000. This supply surge is making price increases unlikely in the near term.February data indicates a shift in market momentum. After months of year-over-year sales growth, February saw a 12% annual decline in sales activity. Prices are also softening, with median home prices in Greater Vancouver dropping $20,000 to $900,000—a 10% decline from peak values. _________________________________ Contact Us To Book Your Private Consultation:

Housing inventory is surging across Canada, with cities like Vancouver and Toronto seeing multi-year highs in new listings—Vancouver up 33% YoY (a 13-year high) and Toronto spiking 49% YoY (a 16-year high). This sudden jump in supply is driven by a mix of record completions, stricter tenancy laws, and struggling investors selling off properties due to rising mortgage costs and softening rental markets. Buyers, however, are staying on the sidelines, hesitant amid economic uncertainty, high borrowing costs, and the looming threat of tariffs, setting up a volatile 2025 housing market. In this episode, we break down these trends and explore whether demand will rise enough to absorb the flood of new listings—or if prices will continue their downward trajectory.At the same time, Canada's job market data is sending mixed signals. While official reports show strong job growth, deeper payroll data indicates three consecutive months of job losses, raising questions about the real state of employment. Long-term unemployment has doubled, permanent layoffs are climbing, and wage growth is slowing—all signs that economic hardship may be more widespread than headline numbers suggest. Historically, unemployment and mortgage arrears have moved in lockstep, and while arrears remain low for now, any continued weakness in employment could push more homeowners into financial distress, impacting the market further.Despite today's inventory surge, new home construction is already slowing dramatically, which could set the stage for a supply crunch in the coming years. In Toronto, new housing starts just hit a 30-year low, with only 51 new units (not buildings—units) started last month. In Vancouver, new home construction declined by 3% in December, the largest drop in three years, and detached home building permits are at their lowest level in 45 years. While today's market feels oversaturated, this drastic slowdown in development could lead to a severe housing shortage in 2026–2027, potentially driving prices back up just as they are starting to cool.With consumer insolvencies rising, job data inconsistencies, and supply declining in the long run, we could be witnessing the beginning of a major market shift. Will today's housing surplus be short-lived? Could government policies or economic conditions unexpectedly swing the pendulum in the opposite direction? Tune in as we break down the latest trends, challenge the mainstream narrative, and explore what's next for Canada's real estate market. _________________________________ Contact Us To Book Your Private Consultation:

A procissão sem padre organizada pelo PCP. A sátira ao cardeal Cerejeira. As ocupações armadas dos seminários, com Dinis Almeida a entrar "de metralhadora em riste". A perda temporária da Rádio Renascença. E o cerco ao Patriarcado. Tudo contado pelo padre Armando Duarte, último sacerdote ordenado antes do 25 de Abril.See omnystudio.com/listener for privacy information.

Muitos abrigos improvisados estão sendo erguidos em cima de escombros e destruídos por tempestades; agências humanitárias realizam distribuição de tendas, lonas e cobertores; destruição do norte dificulta acesso à água limpa.

Vancouver home prices took a sharp dive in January, hitting a two-year low, while Canada's GDP shrank in November, signaling potential economic trouble ahead. Adding to the uncertainty, looming tariffs could push housing costs even higher, leaving both buyers and sellers wondering what's next. If you're planning to enter the market in 2025, this episode is essential as we break down the data and what it means for you.The market is facing some serious headwinds and the threat of Tariffs is ever present. The potential for a 25% Tariff on key building materials like windows, drywall, and appliances would drive up construction costs, making new homes even more expensive. While a temporary 30-day pause has been put in place, tariffs could still take effect at any time. Earlier this week, when they seemed imminent, BMO's chief economist projected 0% GDP growth for 2025, 8% unemployment, and aggressive interest rate cuts down to 1.5%. The Canadian dollar briefly hit a 23-year low, and the 5-year bond yield dropped to a 30-month low, signaling lower mortgage rates ahead. In fact, 5-year fixed mortgage rates are already available at 3.89%, a sharp decline from last year.The BC Real Estate Association has painted a stark picture of what could happen if tariffs are imposed and Canada retaliates. They predict home sales could drop 30%, while active listings could rise 40%, leading to a more prolonged buyer's market. Mortgage rates could climb to 6% by 2026, and while prices are still expected to rise, they would increase at a much slower pace. With so much uncertainty, many buyers and sellers may wait on the sidelines, similar to the early days of the pandemic.At the same time, Vancouver's housing market is seeing some surprising shifts. January sales were up 9% year-over-year, marking the strongest January in three years. But new listings surged 46% compared to last year, reaching one of the highest January levels on record. Inventory is climbing quickly, hitting 11,100 active listings, a 33% increase over last year. The last time inventory was this high in January was 2019, a year when prices declined slightly. The sales-to-active listings ratio now sits at 14%, confirming that we remain in a balanced market, but momentum is shifting.Perhaps the biggest red flag is price movement. While the HPI benchmark price showed a slight increase in January, more immediate indicators tell a different story. Median prices dropped by $80,000, the largest single-month decline in 18 months, while average prices fell by $70,000, hitting their lowest level in two years. These sharp drops suggest that sellers may be adjusting expectations, while buyers hesitate to make moves in an uncertain environment.So, what's next? With sellers eager to offload properties and buyers waiting for more clarity on tariffs and interest rates, the spring market could be weaker than expected. Early February sales trends suggest a slower start, but as we approach the peak season, things could shift. Will prices stabilize, or are we heading into a prolonged downturn? Tune in as we analyze what's happening in Vancouver real estate and where the market might be headed next. _________________________________ Contact Us To Book Your Private Consultation:

In this special episode of the Vancouver Life Real Estate Podcast, we welcome Doug Porter, Chief Economist at BMO Financial Group, to provide unparalleled insights into Canada's economic landscape. With over 30 years of experience and a proven track record as one of the top economic forecasters in North America, Doug shares his expert analysis on the Bank of Canada's recent rate cut and its potential ripple effects across the economy, financial markets, and the Canadian housing sector.We dive into hot-button topics like the impact of immigration policy changes on housing affordability, the long-term economic consequences of tariffs, and the evolving lending landscape in Canada. Doug also unpacks how the so-called “mortgage renewal cliff” may not be as alarming as it sounds, highlighting how Canadians are adapting to higher interest rates.From analyzing regional housing trends—like Vancouver's surprising resilience compared to Toronto's cooling condo market—to exploring the broader implications of geopolitical tensions, this episode is packed with actionable insights for homeowners, investors, and anyone curious about Canada's economic outlook.Doug's practical advice for buyers, his predictions for interest rates, and his views on what Canada must do to foster economic stability make this an episode you don't want to miss. Whether you're planning your next real estate move or simply want to understand the forces shaping Canada's financial future, this conversation will leave you informed and inspired.Tune in now and gain a deeper understanding of the market trends that matter most. _________________________________ Contact Us To Book Your Private Consultation:

The final numbers for Canada's housing market in 2024 are in, and they've revealed some unexpected trends. Despite challenges such as high interest rates and declining housing starts, national home prices rose by 2.5% last year, bringing the average home price to $676,640. Every province and territory saw price increases except for Ontario, which experienced a modest 1.7% decline. The Northwest Territories led the nation with a remarkable 34.8% price increase, followed by New Brunswick at 15.5% and the Yukon at 12.8%. British Columbia also performed well, with home prices rising by 5.9%, while Alberta saw solid growth of 9.4%.Ontario's slight decline, however, masks significant issues in the pre-construction condo market, particularly in Toronto, where sales hit a 28-year low in 2024. Newly constructed condos flooded the market, driving prices down by 10-15% or more in some cases as sellers undercut each other. Yet, when viewed at the provincial level, Ontario's overall housing market showed resilience, with a decline that remains manageable by most standards.Meanwhile, inflation continues to ease, as the latest Consumer Price Index (CPI) print came in at 1.8%—the second-lowest reading in 46 months. This marks a slight decline from December's 1.9% and the 16th consecutive month of cooling mortgage interest costs, which dropped from 13.2% to 11.6%. Rent inflation also eased, falling from 7.7% to 7.1%. Inflation has now remained within the Bank of Canada's target range for 12 straight months, with the broader CPI reading excluding mortgage interest costs coming in at just 1.3%. These metrics, coupled with a strong employment report, suggest the Bank of Canada may lower interest rates at its next meeting, with markets currently pricing in a 0.25% cut that would bring the overnight rate to 3%, its lowest level since August 2022.This data reinforces the importance of understanding how hyper-local real estate markets operate. For instance, in Vancouver's Mount Pleasant East neighborhood, half duplexes reached their highest prices ever in 2024, climbing 7% above the 2022 peak. By contrast, condos in the same area are 3% below their peak prices, and detached homes are down 9%. These variations emphasize the need for precise, localized market insights when making real estate decisions.Next week we have Mr. Doug Porter, the Chief Economist for the Bank of Montreal coming back on the show to discuss how he sees the Canadian economy shaping up for 2025 _________________________________ Contact Us To Book Your Private Consultation:

This week's episode is packed with crucial updates and insights that could directly affect your real estate decisions in 2025.A much stronger-than-expected jobs report has thrown a wrench into predictions for interest rate cuts, potentially keeping the Bank of Canada on hold this January. With Canada adding 91,000 jobs last month, (far exceeding expectations) compounded by labour market strength is complicating the case for lower rates. However, not all is as it seems: 62,000 of those jobs went to workers over 55, and a significant portion came from public sector growth (44%!). We break down what this could mean for mortgage rates and why the 5-year bond yield is already climbing.In Vancouver, affordability continues to be a challenge as recent policies are expected to push home prices higher. On the flip side, there's good news out of Burnaby, where one of the first multiplex building permits has been approved. The timeline, fees, and offsite costs surprised even the developer—and might give hope to those exploring small-scale development opportunities.We also tackle the ongoing affordability crisis, exploring how the ban on natural gas in new construction and new net-zero mandates are inflating the cost of homes. For example, a fourplex project now have an additional $150,000 for electrical upgrades, adding roughly $40,000 to the cost of each unit. These policy changes are a stark reminder to “watch what they do, not what they say” when it comes to government claims about building affordable housing.Meanwhile, mortgage arrears are also starting to climb, with delinquency rates hitting a 9-year high in Toronto. Yet even as the headlines grab attention, the data tells a different story—arrears remain well below pre-pandemic levels, and the overall risk of panic is low. However, with 50% of mortgage holders set to face higher payments over the next two years (in excess of 30+%), it's clear that financial strain is building for many Canadians.We also take a closer look at the nearly 30% of homes listed for sale that are vacant. Are they former Airbnbs, second homes, or properties listed to dodge the vacancy tax? It's a fascinating trend that raises more questions about the current state of the market.And to cap it off, we're excited to showcase a stunning family home on Vancouver's prestigious Golden Mile in Kitsilano. Located on West 1st Avenue, this property boasts breathtaking ocean views, over $1 million in renovations, and one of the most luxurious primary suites you'll ever see. Don't miss this incredible listing—check it out at www.3262W1st.com _________________________________ Contact Us To Book Your Private Consultation:

In this episode, we explore our predictions for the 2025 Vancouver Real Estate Market, diving deep into the economic and financial trends that will shape the year ahead. With Canada's GDP growth expected to remain moderate, driven by immigration and resource exports, the potential for a mild recession looms if elevated interest rates continue to slow consumer spending and business investment. We analyze the possibility of economic turbulence while discussing key signals in sectors like housing, manufacturing, and retail. Meanwhile, Canada's population growth is expected to drop considerably from before but will still be pushing the annual growth, to what extent remains to be seen. This sustained influx will fuel housing demand but could strain infrastructure and services.On the employment front, the unemployment rate, currently at 6.8%, is projected to remain somewhat stable within the 6.5%-8% range. While population growth could create new job opportunities, sensitive sectors like construction and tech may see some challenges. Inflation, sitting at 1.9%, is anticipated to close the year between 2.0% and 2.5%, assuming stable monetary policy and limited disruptions in energy prices or supply chains. This outcome largely depends on US trade policy which has yet to be sorted out. The Bank of Canada's interest rate, currently at 3.25%, is forecasted to ease slightly by year-end if inflation targets maintain and economic growth softens. In tandem, mortgage rates are likely to decline as well, with variable & potentially fixed rates dropping too. Despite these adjustments, Canada's mortgage arrears rate, historically low at around 0.15%, may see a slight uptick as households adjust to higher payments on renewals.Turning to real estate, we predict a steady recovery in sales volumes, with activity returning near the 10-year average, barring any significant rate fluctuations. The sales-to-active listings ratio which is currently signaling balanced market conditions may tick up into a Seller's market with more interest rate fluctuations. Inventory levels may see modest growth too as many who did not sell in 2024 will return to the market to try again. In the pre-sale market, developers are projected to cautiously release new projects, reflecting a gradual increase in buyer confidence. After an 8% decline in rental rates during 2024, the rental market is expected to stabilize though this will largely depend on immigration levels and the overall performance of the economy.In this episode we also highlight the top markets poised to outperform the Greater Vancouver region in 2025. We look at Surrey and Langley as they continue to attract buyers with affordability and infrastructure investment among a list of other locations that we strongly endorse. Tune in and find out which areas those are!This episode provides a comprehensive roadmap for navigating the opportunities and challenges of Vancouver's 2025 real estate market. Whether you're a buyer, seller, or investor, these insights will help you stay ahead in a shifting landscape. Tune in to learn more about what to expect and how to make informed decisions in the year ahead or book a one-on-one exploratory call with us and we'll help guide you through this recovering marketplace. _________________________________ Contact Us To Book Your Private Consultation:

Welcome to the first episode of The Vancouver Life Real Estate Podcast for 2025! As we kick off the new year, we start this year by reflecting on an intriguing 2024 in Greater Vancouver real estate. Today, we're unpacking December's freshly released market stats, analyzing how 2024 wrapped up, and exploring what's on the horizon for 2025.This is a special double-header episode where we'll revisit our 2024 real estate predictions to see where we were right, where we missed the mark, and what new trends are setting up 2025 to be a dynamic and potentially surprising year.Highlights from December reveal some fascinating trends. Sales reached their highest December total in three years, up 32% year-over-year, though still 15% below the 10-year average. New listings surged 26% year-over-year, marking the highest December total in three years. Inventory remains elevated, with December's levels the highest since 2018 and 25% above the 10-year average•The Sales-to-active ratios show balanced market conditions for the eighth consecutive month, with townhomes and apartments pushing us into the upper limits of a Balanced market.In terms of pricing, Vancouver's housing market defied more pessimistic predictions, with all three price metrics—HPI, median, and average prices—rising year-over-year. Notably, median prices climbed 4.5%, just 2% shy of the all-time high.As we dive deeper, we'll also compare Vancouver's performance to Toronto's market and national trends. While BC lagged behind the national average home price increase of 7.4%, it still holds the title for the highest average home price in Canada. Tune into the rest of the episode and find out where we right and where we went wrong as we review the predictions we made for 2024. _________________________________ Contact Us To Book Your Private Consultation:

Welcome to a special holiday edition of The Vancouver Real Estate Podcast! As we wrap up 2024, we're thrilled to celebrate a major milestone—our channel hitting 5,000 subscribers on Christmas Day, doubling in size over the past year! This achievement means the world to us, especially for such a niche channel, and it's all thanks to you—our viewers who have tuned in, shared our videos, and subscribed. As we move into 2025, we're committed to improving the channel, fostering open conversations about Vancouver real estate, and connecting 1-on-1 through our Calendly link. Looking back, 2024 was a year of housing promises from all levels of government. Initiatives like Bill 44, which aimed to densify single-family neighborhoods, faced hurdles like municipal pushback and high taxes & community contribution fees. The federal Housing Accelerator Fund & Trudeau promised over 3.9 million homes but has yet to deliver any completed builds.  CMHC raised its mortgage insurance limit to $1.5 million, which helps buyers access more expensive homes but doesn't address affordability. Meanwhile, policies like the anti-flipping tax are unlikely to curb rising prices but may reduce the supply of renovated properties, exacerbating the supply-demand imbalance. The market also saw significant struggles, with pre-sale projects shelved, developer insolvencies up 36% year-over-year, and building permits near all-time lows. On the brighter side, 2024 marked the first-interest rate cuts in over four years, which has started to provide relief for buyers and developers alike.   Inflation remained below 3% throughout the year, though maintaining this stability amidst global uncertainty will be a challenge, particularly with political shifts like the return of Trump and Canada's federal leadership changes. The Airbnb ban disrupted short-term rental markets, while stricter renters' policies continued to deter smaller investors, limiting rental supply.  As we head into 2025, the focus must shift from adding more policies to addressing the root issue: increasing housing supply by removing red tape and, ideally, reducing government fees and taxes.  Thank you again for helping us reach 5,000 subscribers, and we look forward to continuing this journey with you. Join us next week for a recap of December's stats, and don't miss our 2025 predictions episode on January 11.   Happy Holidays, and we'll see you in 2025! _________________________________ Contact Us To Book Your Private Consultation:

You'd think the housing world would quiet down by mid-December, but this week has been packed with significant developments. Inflation data showed a continued cooling trend, with November's rate at 1.9%, marking four consecutive months below 2%. The shelter component also eased, but rents defied expectations, rising 7.7% year-over-year nationally despite sharp declines in major cities like Vancouver, where rents are down 10%. Rate cuts are back on the table, with the Bank of Canada expected to lower rates incrementally in early 2025, while variable-rate mortgages are regaining popularity. South of the border, the Federal Reserve cut rates by 0.25%, signaling caution amid strong GDP and persistent inflation. The move widened the gap between Canadian and U.S. rates to levels not seen since 1997, weakening the Canadian dollar to under $0.70 USD and highlighting diverging economic paths between the two nations.Canada's labor market continues to struggle, with unemployment hitting a seven-year high and job vacancies plunging to a four-year low. Companies are hiring fewer workers, creating a troubling imbalance with less than one job available for every two job seekers. This dynamic reflects a worsening economic downturn, with nearly 20% of unemployed Canadians classified as long-term unemployed. The construction sector, a key pillar of the workforce, faces additional challenges as housing starts have declined significantly over the year, despite a recent monthly uptick. Large-scale building permits, which indicate future supply, are also falling sharply, particularly in Ontario. These trends raise concerns about the future of housing affordability and employment in an already strained economy.Compounding these issues is political upheaval, with both Finance Minister Chrystia Freeland and Housing Minister Sean Fraser stepping down. Freeland's tenure ended amidst criticism of Canada's record deficits, with the Fall Economic Statement revealing a $62 billion shortfall—50% over budget. Meanwhile, B.C.'s 2024-2025 budget projects a staggering $9.4 billion deficit, the largest in provincial history. Fraser, who oversaw record immigration levels that strained housing and healthcare systems, has faced sharp criticism for his policies' long-term impacts. With mounting government debt, declining investor confidence, and slowing immigration, the outlook for 2025 appears unpredictable. This perfect storm of economic uncertainty, housing struggles, and political shakeups underscores the challenges and potential opportunities that Canada faces heading into the new year. _________________________________ Contact Us To Book Your Private Consultation:

The Bank of Canada (BoC) lowered its policy rate by 50 basis points this week, bringing it to 3.25%, the lowest level in over two years. This significant cut, which follows weaker-than-expected GDP growth and rising unemployment, has increased buying power for borrowers by 21%, enabling higher mortgage affordability. However, questions remain about whether these rate cuts are sufficient to revive the economy and ease challenges for mortgage holders renewing at higher rates in 2025. Despite the BoC's confidence in achieving its 2% inflation target and avoiding a recession next year, rising insolvencies and declining consumer confidence suggest significant financial strain for many Canadians.Economic indicators paint a concerning picture. Unemployment has risen to 6.8%, the highest in eight years outside of the pandemic, with Toronto particularly hard hit, where the jobless rate has surged by 47% year-over-year. Consumer and business insolvencies are climbing sharply, especially in Ontario, which saw its highest single-month insolvency filings in 14 years. Additionally, consumer confidence has experienced its steepest decline since mid-2022, casting doubt on near-term economic resilience compounded by reduced immigration forecasts, slowing housing starts, and looming risks from potential U.S. tariffs.The housing market remains a mixed bag. Toronto sales rose 39% year-over-year in November, with prices showing a slight monthly increase, but pre-construction sales have collapsed by 84% over the past year. Nationally, arrears rates have remained stable at 0.2%, supported by significant home equity gains over the past five years. This equity provides homeowners with options, such as re-amortizing mortgages or downsizing, to mitigate financial pressures. Meanwhile, affordability is improving incrementally. Monthly mortgage payments for a typical Vancouver home have dropped 19% from 2023 peaks, and rental rates are also declining, signaling some relief for buyers and renters alike.Looking ahead, the BoC is expected to implement further rate cuts in early 2025, with a potential pause to assess the economy's state. However, with unemployment rising, consumer spending weakening, and housing construction slowing, the path to recovery remains uncertain. While rate cuts may provide temporary relief, deeper structural challenges in Canada's economy suggest a long road ahead. _________________________________ Contact Us To Book Your Private Consultation:

If you own a home in British Columbia, you could be sitting on an untapped financial opportunity worth seven figures. Thanks to Bill 44, homeowners now have the chance to significantly increase the value of their properties by converting single-family homes into modern multiplex developments. In this episode, we're joined by David Babakaiff of Alair Homes, an award-winning builder and expert in multiplex construction, to help homeowners understand how they can unlock this incredible potential.David explains how this new legislation impacts over 300,000 properties in the Lower Mainland, opening the door for homeowners to turn their lot into a wealth-generating asset. He shares real-life examples of families who have added over $1 million in equity by building duplexes, triplexes, or even larger multiplexes on their properties. Whether your goal is to sell the new units, rent them for passive income, or even live mortgage-free in a beautiful new home, the possibilities are multiple.This episode breaks down the process step-by-step, including how to assess the feasibility of your lot, secure financing, and design a project that maximizes profit while meeting your goals. David also highlights how his team simplifies the journey, offering a seamless approach with experts in financial planning, architecture, construction, tax strategies, and real estate sales.Your home might be worth far more than you think, and this podcast is your guide to finding out how much. Imagine transforming your property into a multi-unit building and walking away with significant financial gains—without losing ownership of your land. If you're curious about how much money you could make with a multiplex, reach out to us today to explore your options. This is your chance to turn your property into a wealth-building powerhouse.About David BabakaiffDavid is a veteran of residential building spanning almost three decades in BC.   His companies are multi award winning, building custom homes at volume, small multifamily mixed-use buildings and multiplexes. He has been vice president of BC interior's Canadian Home Builders Association; co-founder of a $5 million VCC fund, and founder of companies in forestry logistics and industrial waste management as well as industrial alternate energy technology. In 2012 David brought Aliar Homes to Vancouver, and today David's focus is helping homeowners unlock wealth by converting their houses to multiplexes.david@alairhomes.comAbout Alair HomesAlair began building one-of custom homes in Nanaimo and has grown to over 100 offices across North America. Today, Alair® has the largest footprint of any premium custom home building and large-scale renovation/ remodelling brand in the world. _________________________________ Contact Us To Book Your Private Consultation:

This episode delves deeply into the housing affordability crisis in Canada, a critical issue that remains at the forefront in 2024. With persistently high home prices, elevated interest rates, and a rising cost of living, homeownership is becoming increasingly unattainable for many Canadians.The data tells a sobering story. Homeownership rates in Canada have declined from 69% in 2011 to 66% today, with younger generations facing even greater challenges. For Canadians aged 25 to 29, the homeownership rate has dropped sharply, from 44.1% in 2011 to 36.5% in 2021. This decline underscores the growing barriers to entering the housing market.The struggles extend beyond prospective homebuyers. Developers are contending with soaring construction costs, skyrocketing municipal development fees, and high interest rates, creating a hostile environment for new projects. These challenges have led to a surge in shelved developments, land sell-offs, and insolvencies within the sector. Projects like "The Riv," a 37-story condo tower planned for Toronto, have been canceled due to insufficient buyer interest and unsustainable pre-sale thresholds. These setbacks highlight a looming crisis in housing supply that could worsen the affordability challenges Canadians already face.Adding to the complexity, Oxford Economics projects that housing affordability will not return to reasonable levels until 2035. Their Housing Affordability Index, which evaluates factors like home prices, wages, and interest rates, reveals that homes were affordable between 2005 and 2020 but became increasingly unaffordable, peaking in 2023. While affordability has started to improve slightly, it remains far from sustainable. For many Canadians, the prospect of waiting more than a decade for improved affordability is daunting, particularly in historically expensive markets like Vancouver and Toronto.Recent data from StatsCan challenges the narrative that home flipping significantly contributes to housing unaffordability. In British Columbia, only 3% of properties were flipped within a year in 2021, with minimal impact on overall market prices. While flipping can influence price volatility in overheated markets, its role in Canada's broader housing crisis appears overstated. The core issue remains the chronic mismatch between housing supply and demand.This episode also explores the November Greater Vancouver real estate statistics, offering insights into market trends. While total sales decreased by 20% month-over-month, they were up 29% year-over-year, signaling a potential shift. Inventory dropped to a seven-month low, though it remains 26% above the ten-year average. Despite elevated inventory levels, prices in some categories have remained stable or even increased, reflecting the market's resilience.Looking ahead, the episode discusses the Bank of Canada's upcoming December meeting and the potential implications of a rate cut. While a reduction could stimulate an early spring market in 2025, questions persist about whether it would genuinely address affordability or merely fuel demand without resolving supply constraints. _________________________________ Contact Us To Book Your Private Consultation:

Nuno Palma é Professor Catedrático no Departamento de Economia da Universidade de Manchester, no Reino Unido, e Diretor do Arthur Lewis Lab for Comparative Development, da mesma universidade. Investigador do Instituto de Ciências Sociais, Universidade de Lisboa, e do Centre for Economic Policy Research, Londres. Galardoado com vários prémios internacionais, incluindo o Prémio Stiglitz, atribuído pela International Economic Association. Licenciado pela Universidade de Lisboa e doutorado pela London School of Economics. -> Apoie este podcast e faça parte da comunidade de mecenas do 45 Graus em: 45grauspodcast.com -> Deixe o seu email aqui para ser informado(a) do lançamento do Curso de Pensamento Crítico. _______________ Índice: (0:00) Introdução (4:13) Início | Livro do convidado: «As Causas do Atraso Português» | Evolução do PIB per capita de Portugal nos últimos séculos (8:36) A importância das instituições no desenvolvimento. | Prémio Nobel Economia 2024: Daron Acemoglu, Simon Johnson e James A. Robinson (13:42) Período entre 1640 e as Invasões Francesas de 1808-14 | Artigo sobre capacidade orçamental do Estado (26:01) O puzzle do fiasco da Monarquia Liberal (40:06) Primeira República | A. H. de Oliveira Marques (48:18) Estado Novo (1:03:50) Como é que uma ditadura pôde gerar desenvolvimento? (1:19:46) Transição para a democracia | O efeito do PREC (1:26:48) A Democracia | Worldwide Governance Indicators | O problema da Justiça  | Evolução do nr de alunos no ensino secundário (1:46:37) Como é que o aumento da escolarização não tem gerado crescimento? | Literacia financeira  1:53:46 Desigualdade | Maldição dos Fundos Europeus? ______________ Esta conversa foi editada por: DBF Estúdio

This week in Canadian real estate, fresh GDP data revealed slower-than-expected economic growth. Canada's economy grew by 1% year-over-year in the third quarter, with GDP rising only 0.1% in September. On a per capita basis, GDP actually declined for the seventh consecutive quarter, reflecting further economic challenges. These weaker-than-anticipated numbers have shifted market expectations for a potential rate cut in December, with a 33% probability now placed on a 50-basis-point reduction. Despite these pressures, Canadians are saving at near-record levels! Household savings rate hitting 7.1% in Q3, as disposable income growth outpaced spending. This cautious approach reflects a broader sense of economic uncertainty and distrust in government policy as households prioritize financial stability amid ongoing volatility.However, alongside increased savings, Canadians are grappling with mounting debt and insolvencies. Credit card balances reached a record $110 billion in September, growing 9.7% year-over-year. Consumer insolvencies climbed 8.8% nationally and surged 18.4% in Ontario, returning to pre-pandemic levels. While not yet alarming, the pace of insolvency growth could escalate to financial crisis levels by 2025 if left unchecked. Meanwhile, the cost of housing remains a significant burden. Monthly mortgage payments for the typical home dropped slightly in October but remain up 90% compared to 2021 levels, with the average payment now sitting at $2,975—nearly double what it was just three years ago.In the mortgage market, both fixed and variable rates have seen modest declines from their 2024 peaks. Fixed rates currently average 4.4%, while variable rates are at 4.9%. These rates are expected to fall further, with markets projecting a bottom of 3% by mid-2025 as the Bank of Canada faces pressures from slowing inflation, weaker GDP, and economic risks such as Trump's proposed 25% tariffs. These tariffs could have a 2–3% negative impact on Canada's GDP, potentially driving the central bank to accelerate rate cuts to support the economy. Additionally, the rental market is poised to stabilize further, with new supply and slower population growth expected to ease inflationary pressures in housing over the next two years.Regionally, Vancouver's housing market continues to gain slight momentum. November sales are projected to rise 29% year-over-year, bringing activity closer to long-term 10-year averages. New listings, however, increased by just 10%, creating an environment where limited supply is supporting prices. Median prices climbed for the second month in a row, rising slightly by $5,000, while average prices jumped by $34,000. This contrasts sharply with the GTA, where new condo sales were down 91% compared to decade averages, and starts are forecasted to hit 20-year lows by 2025. While Toronto's challenges weigh on the broader market, Vancouver's resilience offers a glimmer of hope for Canadian real estate. Full November statistics will provide further clarity in the week ahead. _________________________________ Contact Us To Book Your Private Consultation:

Predstavitelia koalície neváhajú opakovane klamať.Prečo potrebujeme slobodné médiá? Prečo sa ich snažia diktátori ovládnuť alebo zničiť? Ako môžu médiá pomáhať v zachovaní demokracie, podpore kritického myslenia, overovania faktov?Sledujte alebo počúvajte v ďalšej časti relácie Sloboda nie je happy end! s hosťom, šéfredaktorom Denníka N, Matúšom Kostolným.Je to záznam verejnej diskusie z 8. novembra v Tichu a spol., v Bratislave.

Espírito natalício, um catalisador para o gelinho e PREC!

This week, we're examining how key economic indicators, policy changes, and market trends are influencing everything from interest rates to housing affordability. Inflation has officially returned to the Bank of Canada's 2% target, but what does this mean for the direction of interest rates heading into 2025? The Bank faces a delicate balancing act with inflation on target, GDP revisions upward, and the U.S. economy remaining strong. Projections suggest we'll see modest rate cuts early in the year, stabilizing at an overnight rate of 3% by March. Homeowners renewing mortgages in 2025 should plan accordingly, as this will still translate to higher payments compared to the historically low rates of recent years.On the international front, the potential effects of a Trump presidency loom large over Canada's economy. Historically, Canada has avoided recessions during periods of U.S. growth exceeding 2%, suggesting some economic resilience. Trump's focus on energy infrastructure could revive projects like the Keystone XL pipeline, boosting Alberta's energy sector, while a weak Canadian dollar might attract foreign investment into commercial real estate. Additionally, changes in U.S. immigration policy could prompt an influx of skilled workers into Canada, potentially offsetting recent adjustments to our own immigration targets.Closer to home, the housing market is facing mounting pressures. Despite ambitious governmental promises to build 3.9 million homes over the next seven years, housing starts have dropped sharply—down 12% nationwide and 30% in British Columbia year-over-year. Compounding this, delayed projects and developer insolvencies, like THIND's high-profile collapse, are exacerbating the supply crisis. THIND's troubles have halted thousands of planned units, underscoring the strain that rising interest rates are placing on even established developers. This ongoing shortfall in housing starts signals a grim future, with significant shortages expected in completions by 2027-2029.Mortgage renewals are another pressing issue, with 23% of all existing Canadian mortgages set to renew in 2025 and 31% in 2026—above the typical annual renewal rate of 20%. For Vancouver homeowners who locked in rates as low as 2% in 2020, the shift to today's rates could mean monthly payment increases of nearly 30%. However, the average 21% appreciation in home values over the past five years offers a potential safety net, allowing homeowners to downsize while preserving some equity and solvency.From inflation and interest rates to housing starts and developer challenges, this episode covers the critical issues shaping Canada's real estate future. Stay tuned as we break down what it all means for you, whether you're a homeowner, investor, or industry professional. _________________________________ Contact Us To Book Your Private Consultation:

Prečo policajti znovu siahajú po násilí? Čo všetko bolo porušené v súvislosti so smrťou po policajnom zásahu v Košiciach? Kto je za to zodpovedný? Ako súvisí správanie polície s voľbami? Ako sa to dá zmeniť? Hosť: - Jaroslav Spišiak, exprezident polície

This week, six critical factors emerged that could significantly influence the Canadian housing market in the coming months. First, Statistics Canada revised GDP figures upward, adding 1.3% growth between 2021 and 2023, equivalent to an entire year of economic activity. While this suggests a stronger-than-expected economy, it complicates the Bank of Canada's recent rate-cutting strategy. Markets now anticipate a 0.25% rate cut in December, with a 60% chance of a larger 0.50% cut, which could stimulate housing demand.Second, the potential impact of Trump's proposed tariffs looms large. Should tariffs reach 10-20%, they could shrink Canada's GDP by up to 2%, reduce foreign investment, and deepen economic challenges. While lower growth may prompt further rate cuts, boosting housing sales and construction, broader economic instability could counteract these benefits.Meanwhile, rental rates have begun to drop, with a 1.2% national year-over-year decline—the first in years. Vancouver and Toronto saw the steepest drops, at 8.4% and 9.2%, respectively. This shift is driven by record condo completions, slowing population growth, and renters reaching affordability limits. Although rents remain 29% higher than three years ago, the decline provides some relief to tenants.In the U.S., inflation ticked up to 2.6% in October, its first monthly increase in six months, prompting markets to price in rate cuts from both the Federal Reserve and Bank of Canada this December. Lower borrowing costs could invigorate the housing market, setting up for a strong spring in 2025.October also saw a surge in national home sales, with Toronto leading the way with a 44% year-over-year increase. This spike is largely attributed to pent-up demand and renewed consumer confidence driven by expectations of lower interest rates. Early November data suggests this trend is continuing, pointing to a robust spring market ahead.Finally, a potential “mortgage war” is brewing as 50% of Canadian mortgages are set to renew in the next two years. With new rules allowing borrowers to switch lenders without requalifying, competition among banks is expected to intensify. Savvy homeowners stand to save tens of thousands of dollars by shopping for better rates, making it crucial to prepare for these opportunities now. _________________________________ Contact Us To Book Your Private Consultation:

In October, Vancouver's real estate market exhibited mixed signals. Despite a continued decline in home prices, with the benchmark HPI dropping for the fifth consecutive month by 0.6%, a surprising surge in sales emerged. Total sales jumped 43% from September and 32% year-over-year, marking October 2024 as the third-highest sales month of the year and the most active October since 2021. Experts suggest that the rate cuts so far, combined with optimism for further reductions, may have spurred buyers back into the market. This sentiment sharply contrasts with 2022 when rising interest rates deterred buyers.The recent U.S. election results, with Trump securing the presidency, bring significant economic implications for Canada. Key among these is the potential for new tariffs on Canadian imports to the U.S., which could add $30 billion in economic costs, with Canadian manufacturing and consumer prices bearing the brunt. This inflationary impact could strain housing affordability, as higher import costs would drive up construction expenses, potentially limiting new builds and pushing home prices higher. To counter these risks, the Bank of Canada might reduce rates further, which could increase Canadian homebuyers' purchasing power but also encourage some to enter the market amid potential economic downturns. Affordable housing targets in Canadian cities like Ottawa and West Vancouver face substantial setbacks due to escalating construction costs and financing issues. Ottawa has fallen short of its 500-unit annual goal every year since 2020, citing a funding gap of $931 million and a 150% increase in construction costs since 2021. West Vancouver also anticipates falling short of provincial targets, estimating that only 58 affordable units will be built in 2024—well below the province's target of 220. This affordability gap points to ongoing challenges for both public and private sectors, with limited options for expanding affordable housing despite rising demand.The “17 Villages” initiative in Vancouver seeks to create a gentler approach to housing density, adding low-rise residential buildings, townhouses, and multiplexes within 400 meters of established retail streets. This feels like a European-inspired model that will anchor neighborhoods with walkable retail and community amenities, allowing young professionals and families to stay in these areas at potentially lower costs. Unlike high-rise developments, these “villages” aim to enhance neighborhood character, create small business opportunities, and offer diverse housing options without dramatically altering community aesthetics.Touching on the October stats, Vancouver's real estate inventory fell by 7% month-over-month to a five-month low but remains 25% higher than last October and 26% above the 10-year average. With over 5,400 new listings—a 17% annual increase—the market has seen an influx of choices for buyers, while inventory is the highest for October since 2014. The sales-to-active listings ratio rose back to 19%, with townhomes and apartments now moving into seller's market territory. Detached homes saw a slight uptick in demand, but overall, the market remains balanced, favoring neither buyers nor sellers strongly. _________________________________ Contact Us To Book Your Private Consultation:

Akej povahy je náš svet? Je všetko kvantové a súčasne relativistické? Prečo to o gravitácii nevieme? Ak neuspela teória strún, čo vieme o základoch hmoty a vesmíru? Hosť: Martin Mojžiš

In a climate of economic turbulence, Canada's economy is showing signs of a downturn that could significantly affect Vancouver's real estate market. The Bank of Canada recently reduced its interest rate by 50 basis points, following weaker-than-expected inflation and a rise in business insolvencies. While these rate cuts may offer mortgage relief, they're also weakening the Canadian dollar, which has hit a 20-year low against the U.S. dollar, potentially increasing imported inflation as time goes on. Meanwhile, Canadian GDP has remained stagnant, with annual growth forecasts now below 1%, well below the anticipated 2.8%. This slower growth could prompt further rate cuts as the Bank seeks to stimulate the economy.Employment trends are also concerning, especially among young men, with unemployment for this demographic rising sharply, indicating possible downward pressure on inflation. We touch on declining sales in manufacturing and a troubling inventory-to-sales ratio that's been further emphasized by the challenges facing Canada's economy.Housing offers a mixed picture: as mortgage payments drop and rates fall, consumer confidence is on the move up. Sales volumes are expected to increase next year by 10%-20%, but the government's recent immigration cuts could also reduce that demand, especially for rentals. The new targets project significant reductions in Canada's temporary resident population, potentially leading to Canada's first-ever years of negative population growth, impacting GDP, tax revenues, and the housing sector's stability. This would be a first for Canada after non-permanent residents hit an all-time high of 3 million people. The Vancouver housing market stands to be directly affected. Dropping interest rates may ease some home-buying pressures, but declining immigration and job losses in construction and housing services could lead to a long-term housing shortage and potential tax increases as governments try to offset reduced revenues. For buyers and renters alike, this evolving economic landscape could spell both opportunities and challenges, making it a crucial topic for those involved in Vancouver real estate.Also, we are welcoming your questions!! With these complex dynamics at play, what questions do you have about the market or where you find yourself today? Message us directly or post them in the comment section below, and we'll provide informed insights in next week's episode! _________________________________ Contact Us To Book Your Private Consultation:

In this episode, the podcast hosts dive into one of the most transformative housing policies in British Columbia's recent history—the Small Scale Multi-Unit Housing Initiative, introduced under Bill C44. This policy marks a significant shift in how housing developments are approached, aiming to address the critical shortage of homes in the Lower Mainland by automatically rezoning single-family and duplex lots to allow for higher-density developments. By opening up these properties for multi-unit construction, the policy seeks to tackle the housing crisis, create new investment opportunities, and provide much-needed jobs in the construction industry.However, the initiative has sparked heated debate. While it promises to inject new housing stock into the "missing middle" market, not all stakeholders are on board. Many neighborhoods have adopted a Not In My Backyard (NIMBY) stance, pushing back against the increased density and potential changes to their community dynamics. Some municipalities have leveraged the policy to increase Development Cost Charges (DCCs) and Amenity Contribution Charges (ACCs), which could make the process more expensive for developers, adding layers of complexity to what seems like a streamlined solution.To unpack the real opportunities and challenges presented by this policy, we are joined by James Livingston, founder of Lightwell Developments. As someone deeply embedded in the development space, James offers listeners a rare behind-the-scenes look at how companies like his are capitalizing on the deregulation. His firm specializes in working with homeowners who might not have the knowledge or the capital resources to redevelop their property on their own. James explains how Lightwell's business model allows these homeowners to partner with developers by turning their properties into multi-unit dwellings and potentially earning more than they would through a traditional home sale—without the hassle of open houses, showings, or putting their home on the market.The episode then shifts to the criteria Lightwell Developments uses when scouting properties. James breaks down what makes a lot ideal for redevelopment, from its size and location to zoning regulations and municipal cooperation. The discussion moves beyond the homeowner's perspective to explore the broader market implications of the Small Scale Multi-Unit Housing Initiative. While many developers, architects, and investors are enthusiastic about the changes, some argue that the policy doesn't go far enough to meet future density demands. James provides his take on the policy's strengths and limitations, discussing whether it can truly solve the housing crisis or if more drastic measures are needed to fulfill Metro Vancouver's long-term housing requirements.To round out the conversation, the episode addresses another key audience—INVESTORS who may not own property but want to invest capital. James outlines the financial mechanics of investing in his multi-unit development fund, from expected returns to minimum investment amounts and typical timeframes. He provides insights into how this growing sector offers attractive opportunities for investors looking to diversify their portfolios and tap into the high demand for new housing in the region. _________________________________ Contact Us To Book Your Private Consultation: