tag:blogger.com,1999:blog-7123542260692860177.post3640835849555673642..comments2023-12-02T00:38:46.467-08:00Comments on House Hunt Victoria: Market update: August 20HouseHuntVictoriahttp://www.blogger.com/profile/07456914359088891317noreply@blogger.comBlogger102125tag:blogger.com,1999:blog-7123542260692860177.post-26145958216457592462013-09-07T02:09:28.113-07:002013-09-07T02:09:28.113-07:00amazing data..thanks for share man...
realestate n...amazing data..thanks for share man...<br /><a href="http://www.realestateinnepal.com/" rel="nofollow">realestate nepal</a>Anonymoushttps://www.blogger.com/profile/10987482475723821586noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-34980255277541773852013-08-24T13:15:45.310-07:002013-08-24T13:15:45.310-07:00Winners and losers as Canada bids adieu to record-...<a href="http://m.theglobeandmail.com/report-on-business/economy/interest-rates/the-low-down-on-higher-interest-rates/article13940078/?service=mobile&utm_source=buffer&utm_campaign=Buffer&utm_content=buffer88547&utm_medium=twitter" rel="nofollow">Winners and losers as Canada bids adieu to record-low interest rates</a><br /><br />"The general consensus has always been that interest rates could not stay so low indefinitely."<br /><br />Of course everybody acknowledged that there was going to be trouble when rates rise. But don't worry, they said, that won't happen for the foreseeable future.koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-35675778831631922372013-08-24T13:10:22.893-07:002013-08-24T13:10:22.893-07:00The frantic hourly craigslist repost period begins...The frantic hourly craigslist repost period begins as landlords are try to attract the mythical "mature extremely quiet professional or student".koozdrahttps://www.blogger.com/profile/16879691936698695299noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-28030263451332144402013-08-24T13:00:21.171-07:002013-08-24T13:00:21.171-07:00If you are going to compare building lots, then th...If you are going to compare building lots, then they all should be roughly the same size. <br /><br />And for waterfront land. The lots will sell at a price in relation to the surrounding non waterfront lots. For example, if 6,000 square foot non waterfront lots in Esquimalt were selling for $300,000. Then a 6,000 square foot waterfront lot in Esquimalt may sell at twice that amount or $600,000.<br /><br />In Oak Bay, a non waterfront lot may sell for $500,000 and the same size Oak Bay waterfront at twice that amount or $1,000,000.<br /><br />There's a lot more than just a price per square foot rate when comparing water front properties. I only wish it were that simple.Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-88480181486035288292013-08-24T12:20:34.711-07:002013-08-24T12:20:34.711-07:00Thanks MarkoThanks MarkoChickinvichttps://www.blogger.com/profile/15439471247805303810noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-33365165893486521932013-08-24T12:05:29.307-07:002013-08-24T12:05:29.307-07:00Oops, the link.Oops, <a href="http://www.realtor.ca/propertyDetails.aspx?propertyId=13438881&PidKey=1894977723" rel="nofollow">the link</a>.CShttps://www.blogger.com/profile/03399620869685840906noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-32199251702313347922013-08-24T12:04:46.115-07:002013-08-24T12:04:46.115-07:00Once you hit a certain threshold each subsequent u...<i>Once you hit a certain threshold each subsequent unit of land goes for less and less.</i><br /><br />Here's a smaller piece of E Saanich waterfront, half the size of the OB waterfront linked above, and its only $31 per foot, less than half the price of the OB property and a fifth the price of the property on Lyall Street. So how small do you have to go before you start paying a silly price for non-waterfront in a non prime area?CShttps://www.blogger.com/profile/03399620869685840906noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-79938993133461122122013-08-24T10:55:48.502-07:002013-08-24T10:55:48.502-07:00I was wondering if you could please tell me what #...<i>I was wondering if you could please tell me what #110-2721 Jacklin Road sold for (in July I believe).</i><br /><br />$292,000Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-65005137675104253092013-08-24T10:54:56.879-07:002013-08-24T10:54:56.879-07:00Considering only lot value, the price is $161.47 p...<i>Considering only lot value, the price is $161.47 per square foot, which is almost twice what you'd pay for the most expensive Oak Bay Waterfront home, offered at a mere $85.00 per foot -- the nicely renovated 10,778 square foot house being included at no extra charge.</i><br /><br />If a one acre property is $500,000 there is no way a five acre property is $2,500,000. It doesn't work that way. Once you hit a certain threshold each subsequent unit of land goes for less and less.Markohttps://www.blogger.com/profile/08315282480144281935noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-78861404976817798172013-08-24T10:46:26.082-07:002013-08-24T10:46:26.082-07:00Her's the StreetView image of that 1930's ...Her's <a href="https://maps.google.ca/maps?q=1201+Lyall+Street,+Victoria,+BC&hl=en&ll=48.427983,-123.413597&spn=0.004834,0.011362&sll=48.428055,-123.413674&layer=c&cbp=13,296.33,,0,4&cbll=48.427889,-123.413657&hnear=1201+Lyall+St,+Victoria,+British+Columbia+V9A+6H2&t=h&panoid=BvwncmnEVp9t9IIzH95leQ&z=17" rel="nofollow">the StreetView image</a> of that 1930's 700+ square foot beauty on Lyall St. (price $327,777) showing the well landscaped back yard. <br /><br />Considering only lot value, the price is $161.47 per square foot, which is almost twice what you'd pay for the <a href="http://www.realtor.ca/propertyDetails.aspx?propertyId=13165593&PidKey=-1906628060" rel="nofollow">most expensive Oak Bay Waterfront home</a>, offered at a mere $85.00 per foot -- the nicely renovated 10,778 square foot house being included at no extra charge.<br /><br />Is there something slightly screwy about the bottom end of our housing market, or what?CShttps://www.blogger.com/profile/03399620869685840906noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-40912584443601816072013-08-24T10:23:43.007-07:002013-08-24T10:23:43.007-07:00it may be useful to reference to BC Employment Sta...<i> it may be useful to reference to BC Employment Standard Regulations that define high-tech workers and high-tech companies.</i><br /><br />These definitions were created to establish who would qualify for certain incentives for R and D in BC. They are not too useful in establishing how widely and how deeply technology development contributes to the economy, local or otherwise. <br /><br />probably the largest R and D contributions to the economy both in total cost and economic effectiveness are made by giant corporations such as Kraft, Intel, Exxon, Boeing, GM, the forest companies, etc., notwithstanding that their tech workforce accounts for only a small proportion of their total payroll. CShttps://www.blogger.com/profile/03399620869685840906noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-23745668780998312292013-08-24T10:06:24.801-07:002013-08-24T10:06:24.801-07:00Well if we're discussing definitions it may be...Well if we're discussing definitions it may be useful to reference to BC Employment Standard Regulations that define high-tech workers and high-tech companies. Those regulations are what decide if an employee is eligible for things like paid overtime, etc.<br /><br /><a href="http://www.labour.gov.bc.ca/esb/facshts/high_tech.htm" rel="nofollow">http://www.labour.gov.bc.ca/esb/facshts/high_tech.htm</a>Fiduciaryhttps://www.blogger.com/profile/10657843466561214005noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-84327675993424885092013-08-24T09:57:57.093-07:002013-08-24T09:57:57.093-07:00Marko,
I was wondering if you could please tell m...Marko,<br /><br />I was wondering if you could please tell me what #110-2721 Jacklin Road sold for (in July I believe).<br /><br />Thanks!Chickinvichttps://www.blogger.com/profile/15439471247805303810noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-30095832441576139952013-08-23T18:04:44.768-07:002013-08-23T18:04:44.768-07:00, I wasn't saying that the examples you gave w...<i>, I wasn't saying that the examples you gave weren't high-tech.</i><br /><br />No, I understand. But its worth noting that if companies that develop proprietary technology for their own use are included, then the high tech sector comes to include many players in most industries.<br /><br />But I'm doubtful that the mere use of the product of technology development, e.g., Just Jack's laser tape measure, makes one part of the tech sector. Depends, maybe, on the originality and technical virtuosity of the purpose to which JJ applies his high tech software and equipment. CShttps://www.blogger.com/profile/03399620869685840906noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-26569243353090880982013-08-23T17:52:56.255-07:002013-08-23T17:52:56.255-07:00The point about "high-tech" is that what...The point about "high-tech" is that what a decade ago would have been called manufacturing or a service industry is being re-branded as high-tech. If your company makes light bulbs - its a manufacturing company. If your company makes LED lights - its high tech. If your company does software support - its high tech. If your company helps people in book keeping - its a service industry.<br /><br />However, if your accountant helps you by interfacing through the computer then his businees is now high tech. <br /><br />So what is high-tech? High-tech isn't just software its more of way to rebrand your company as being cutting edge or state of the art. Which were also sound bites of the past that meant little.Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-4139417437854736712013-08-23T17:02:52.895-07:002013-08-23T17:02:52.895-07:00On the topic of high-tech, the Govt of Canada has ...On the topic of high-tech, <a href="http://www.acceleratoryyc.com/about-us/partners/" rel="nofollow">the Govt of Canada has Calgary</a> as having "the highest number of technology start-ups per capita." Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-8451490640261294072013-08-23T14:32:48.361-07:002013-08-23T14:32:48.361-07:00We can also use this effect to gauge the overall s...We can also use this effect to gauge the overall strength/weakness of Victoria’s economy. <br /><br />Victoria’s housing market has had an unusually large supply of resale inventory for some time. As well, the amount of available rental accommodation is very high when compared to 2009 and earlier. Indeed, the city’s vacancy rate has increased by 600% over the last decade.<br /><br />What this means is that Victoria’s economy is so weak that it is unable to provide nearly enough employment to reduce the large number of rental vacancies or the large supply of resale properties. If the economy was strong and the job market was at all attractive in our city, then people would be moving here to find work, just as they do when the job market in Edmonton is firing on all cylinders. What makes this worse is that it all comes at a time when emergency interest rates have been in effect for 4 years and the Canadian economy has been benefiting from an unprecedented amount of stimulus spending since 2009. <br /><br />Yet, there are those who ignore this and choose to point to employment numbers as the main reason to think that Victoria’s economy isn’t struggling. Lately, the unemployment numbers for Victoria have been painting a much brighter picture of the overall health of the economy than what is warranted. Consider that many young people who have lost their jobs in recent years have left our city in search of work elsewhere. This has pushed Victoria’s unemployment rate lower, making the economy look better than it actually is. <br /><br />The unemployment rate does not take into account "discouraged workers" - those who have lost their jobs and have given up looking. An example can be used to emphasize the fact that this lowers the unemployment rate. If 99% of those currently employed in Victoria lost their job today, looked for a job, couldn't find one and then became classified as discouraged workers, the unemployment rate would be extremely low, even though 99% of those who had been working a year earlier (or whenever the jobs were lost) would be jobless. The unemployment rate definitely has its limitations in terms of being able to accurately reflect the strength or weakness of an economy. <br /><br />I talked with a guy who owns a car repair shop. He told me that business is down dramatically from a year earlier. I also talked with a guy who runs a flower shop that has done deliveries to all areas of Greater Victoria for many years. He hires many drivers for the busy times of the year. He said that the number of deliveries this year on Valentine’s Day and mother’s day were down to about half of what they were in 2012, which was down from 2011. This is valuable information that definitely points to a struggling/weakening economy.<br /><br /> <br />infohttps://www.blogger.com/profile/02848148105386213925noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-32731613836041863262013-08-23T14:30:34.921-07:002013-08-23T14:30:34.921-07:00This comment has been removed by the author.infohttps://www.blogger.com/profile/02848148105386213925noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-9168170085822896212013-08-23T14:30:05.472-07:002013-08-23T14:30:05.472-07:00Victoria’s economy is weak and getting weaker.
...Victoria’s economy is weak and getting weaker. <br /><br />When considering the health of the economy of any Canadian city, one must keep in mind that there has been unprecedented stimulus spending since 2009 as well as emergency interest rates for an unprecedented length of time, both, of course, adding much support to the Canadian economy in general. <br /><br />What would Victoria’s already weak economy be like without this unprecedented stimulus? Well, the fact of the matter is that it would be much weaker than it is.<br /><br />The most useful way to gauge the general strength/weakness of Victoria’s economy is to consider the overall amount of available rental accommodation, including houses, townhouses, condos and apartments and the resale inventory. Why? I’ll give an example to show why this gives an accurate assessment of the health of a city’s economy.<br /><br />Edmonton is known for its booms and busts. When the economy improves and there are jobs up for grabs in that city, it experiences a massive influx of young people to fill those jobs, despite the cold climate. As this happens, the vacancy rate goes down as does the general availability of rental accommodations. As well, the inventory of resale properties decreases. It has happened many times in the city’s history. Most recently, there was a big influx of young people in the early to mid 2000s at which time the effect I described above took place. <br /><br />When Edmonton’s economy slows down and becomes sluggish, young people move away as many lose their jobs. This causes the vacancy rate, the general availability of rental accommodation and the inventory of resale properties to increase dramatically. Again, this cycle has occurred many times in Edmonton’s history to varying degrees. It has happened so many times that it has become a very useful gauge of the strength/weakness of the city’s economy.<br /><br />continued...<br /><br />infohttps://www.blogger.com/profile/02848148105386213925noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-54368558817874150712013-08-23T13:15:13.313-07:002013-08-23T13:15:13.313-07:00So you're in the high tech sector if you write...<i>So you're in the high tech sector if you write software or do engineering design for someone else or if you make something really weird like a Tumblr skin, but it's just regular business if you, say, write software, as we did, for use in providing some mundane product such as smoked fish or a service such as the controlled microbiological disposal of septic tank sludge.</i><br /><br />CS, I wasn't saying that the examples you gave weren't high-tech. I would consider anyone that writes software to be in high-tech work - there was no intention for my definition to be exclusive, I was intending to broaden Just Jack's definition.Fiduciaryhttps://www.blogger.com/profile/10657843466561214005noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-68678280940652631992013-08-23T12:05:10.009-07:002013-08-23T12:05:10.009-07:00@ JustJack
So how would you define high tech comp...@ JustJack<br /><br />So how would you define high tech companies if you don't like the one in use?<br /><br />I'd have thought it obvious that any company writing software (including games), designing electronics, dabbling in biotechnology, or engineering robots (etc!) would qualify. Renterhttps://www.blogger.com/profile/01147315895351599236noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-44296776950265703722013-08-23T11:54:10.115-07:002013-08-23T11:54:10.115-07:00So much for the US housing recovery
New Home Sale...So much for the US housing recovery<br /><br /><a href="http://www.zerohedge.com/news/2013-08-23/new-home-sales-crater-lowest-october-biggest-drop-may-2010-median-home-price-6-month" rel="nofollow">New Home Sales Crater To Lowest Since October; Biggest Drop Since May 2010; Median Home Price At 6 Month Low</a>Philhttps://www.blogger.com/profile/00550264432110709714noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-20753509810222709192013-08-23T11:39:11.947-07:002013-08-23T11:39:11.947-07:00Marko: Thanks for the info. I looked at that cond...Marko: Thanks for the info. I looked at that condo and although it only had the one bath, it was very large at over 1000 sq. feet and in great condition. For $195K, it just shows how the older condos have dropped tremendously in value....Alexandraherehttps://www.blogger.com/profile/13100843258061373047noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-75958909426499477882013-08-23T11:05:02.963-07:002013-08-23T11:05:02.963-07:00901 High-Tech companies in Victoria now. I just r...901 High-Tech companies in Victoria now. I just re-clasified myself from being a service industry to high-tech. <br /><br />As I use a state of the art computerized ordering and delivery system. Digital photography and laser measuring with real time communications. Using cutting edge information systems to provide unique and mass automated valuations to anywhere in the World.Johnny-Dollarhttps://www.blogger.com/profile/12950799399842707067noreply@blogger.comtag:blogger.com,1999:blog-7123542260692860177.post-81100860104732900572013-08-23T11:01:01.065-07:002013-08-23T11:01:01.065-07:00However, a large portion of Victoria's high te...<i>However, a large portion of Victoria's high tech sector is not geared for end-user products. </i><br /><br />So you're in the high tech sector if you write software or do engineering design for someone else or if you make something really weird like a Tumblr skin, but it's just regular business if you, say, write software, as we did, for use in providing some mundane product such as smoked fish or a service such as the controlled microbiological disposal of septic tank sludge.CShttps://www.blogger.com/profile/03399620869685840906noreply@blogger.com