What a week for BC's Provincial and Municipal governments as both David Eby and Mayor elect Ken Sim are set to take over. With a huge push to change up the status quo of housing in the province and specifically in Vancouver, many local residents have spoken that they want, in fact they are demanding change with Ken Sim winning by a landslide.
In this weeks Podcast episode we take a look at the housing platforms that both the New Mayor of Vancouver and the Premiere of BC intend to introduce. While we aren’t convinced by any politician's promises, we are interested to see specifically what Ken Sim will bring to the table, His new policy around the time it takes to get a permit for renovations, new single family permits and multifamily permit construction will be of the upmost importance and could have a significant effect on housing if implemented effectively.. Seeing as David Eby was already the housing minister for the Province - we are a little disappointed that some of the items he’s tabling haven’t been dealt with to date.. we’ll let you be the judge of that.
We also break down where we think interest rates are headed not only for next week but also by the end of the year. We question why the media outlets are asking everyone to pay attention to CORE Inflation, a measuring stick that removes the most volatile commodities from the CPI Index but those very same commodities - food and energy - are the ones we use the most and are daily expenses we all encounter - so why aren’t we measuring their impact on Inflation? Understanding why that matters and so much more can be found on this weeks podcast.
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Dan Wurtele, PREC, REIA
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Ryan Dash PREC
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