Finally the new 2019 CMHC Rms data is out. As expected, the high-level numbers are pretty bleak. For Metro Vancouver the vacancy rate inched up a tiny bit from 1.0% in October 2018 to 1.1% in October 2019. In the City of Vancouver the vacancy rate similarly crept from 0.8% in October 2018 to 1.0% in October 2019. With the slight uptick in vacancy rate, both areas saw somewhat lower rents increases, with the (nominal) fixed-sample rent increase in the year before October 2019 clocking in at 4.
Almost three years ago I ran the numbers to identify “Vancouver’s most lucrative fire hydrant”. Behold, Vancouver's most lucrative fire hydrant. 815 tickets issued in 7 years. Red curb markings might be advisable. Data via @VanOpenData pic.twitter.com/j4Po9UpiCc — Jens von Bergmann (@vb_jens) February 1, 2017 Being a card-carrying Shoupista it’s high time for me to do an update. And looking back I can’t help but realize how my approach to data analysis, even about such trivial things as parking tickets, has changed since then.
(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) Property Tax Snacks Residential Property Taxes have been rising in Vancouver. As always, we’re seeing a lot of sturm and drang about the rise. But we think it’s ultimately a good thing. Why? Here’s three perspectives. From a fiscal perspective, property taxes pool our resources to enable our government to pursue projects and provide for the common good. They’re a big component of how we take care of each other and set priorities.
The long awaited first batch of data from the Canadian Housing Survey came out yesterday. The Canadian Housing Survey (CHS) is a new survey that aims give a better idea of well housing needs of Canadians are met. Right now there are four tables publicly available, and we will give a quick tour of what’s out there, with a focus on Metro Vancouver, Toronto, Montréal and Calgary. This post is meant as a quick overview of what’s available right now, the code is available on GitHub for anyone that wants to explore this further.
Metro Vancouver is growing, both in terms of population and jobs. That means the number of people commuting to work is growing and putting a strain on our transportation system. The nature of that strain depends to a large extent on how people are getting to and from work. The Canadian census started collecting data on how people get to work in 1996, which allows us to see how commuters and commute choice have changed over time.