Tag Archives: Real estate

Finances

Corporations are winning the inflation bump, while Canadians struggle with high prices

By Natasha Bulowski, Canada’s National Observer, Local Journalism Initiative Reporter

As Canadians struggle to afford essential goods and services, the spoils of inflation are ending up largely in corporate profits, particularly in oil, gas and mining industries, a new analysis reveals.

The Canadian Centre for Policy Alternatives (CCPA) crunched the numbers to see how much more Canadians spent over the last two years due to inflation and pinpointed which industries benefited the most.

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Housing

Cortes Island faces housing listing shortage while BC supply at an all-time low

By Greg Osoba, CKTZ News, through an LJI grant to Canada-info.ca

A recent BC Real Estate Association report says 2021 was a record year for sales in the BC housing market, while 2022 begins with the lowest number of listings on record.

On Cortes Island, local resident realtor Martha Abelson, who has 17 years experience, says there are only four active listings, fewer than half the average for this time of year. She believes the pandemic is contributing to the housing supply shortage.

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Development, Housing

Folk U Reporter’s Roundtable: the Housing Crisis in rural/isolated and small communities

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(Host Manda Aufochs Gillespie; written version Roy L Hales)

Folk U Radio’s Reporters Roundtable on CKTZ: where we go in-depth on today’s big issues from a small community perspective with the journalists that are researching and writing about them from within these communities. Today’s topic is the unique nature of the the Housing Crisis in rural/isolated and small communities.

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Housing

Controversy Over Lack Of Summer Rentals

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Close to a third of the population (34.6%) live in rental accommodations. Given Cortes Island’s popularity as a tourist destination, it’s not surprising that a significant proportion are forced to move out of their homes every summer, when landlords either take up residence themselves or use these buildings as lucrative vacation rentals. According to a recent post by Regional Director Noba Anderson the BC Residential Tenancy Act changed recently. There is a controversy over the lack of rental rentals. 

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