#25 – Vacant Homes, Rate Hikes and Robots – A Q&A with Keith
This week we open up the proverbial mailbag and answer some listener questions…and there’s a lot to talk about. Keith addresses the new vacancy tax, rate hikes and once again answers the question, “Is Vancouver in a bubble?” Here’s a full list of the questions we take on this week: How is the new interest rate hike going to affect the Vancouver real estate market? Is Vancouver in a bubble? How can the city be better for home owners trying to build? Will the new vacant home tax do anything to cool prices? Is supply in Vancouver keeping up with demand? From 2010 to 2016 population size in Metro-Vancouver increased by 10.2% while occupied dwellings increasing by 7.8% This change in dwellings vs. population size means an increase in average household size from 2.6 in 2010 to 2.65 by 2016 *Numbers from statistics Canada 2011 and 2016 census data Canada has the 3rd largest homes in the world, yet 42% of people say they want bigger homes. (study by Point2Homes) How will technology change the way people buy real estate in the future? - Time magazine tool “Will a Robot Take Your Job?” *** If you have any questions or any guests you would like us to interview, email us at firstname.lastname@example.org. Keith Roy – Personal Real Estate Corporation, RE/MAX Select Realty.