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DariusLikewise
Oct 4, 2008

You wore that on Halloween?
Wrong thread

DariusLikewise fucked around with this message at 03:48 on Oct 14, 2016

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The Butcher
Apr 20, 2005

Well, at least we tried.
Nap Ghost

MickeyFinn posted:

There is no alternative that is palatable to a politician. What can they do? Announce that their goal is to destroy the savings of homeowners or tell non-homeowners to get hosed? The only option is to keep building in cheaper areas and hope no one notices their life flying by on the morning and afternoon commutes.

I think it's important to note as well that pretty much every politician is deep into real estate themselves.

The average age of established pols skews higher, and RE in certain cities has absolutely been the best possible investment to have been holding the last 20-30 years.

Council/MLA/MP salaries and buddy deal kickbacks/backscratches are good, but it's still not private jet money.

Lots of these folks are also counting on their own RE portfolios to really gild their retirement. They aren't going to gently caress themselves over.

Rime
Nov 2, 2011

by Games Forum

Subjunctive posted:

They don't need computer scientists either, they need programmers. They can be educated much more effectively, and much less expensively, outside the research-fetish university system.

If all you want is some chucklefuck with 4 months "bootcamp" experience making GBS threads out React/Angular from google searches, whom you can justify paying $14/hr because they don't have a CompSci / S-Eng degree, sure.

The tech sector in this town is the laughing stock of North America and experienced workers in any related field can't flee it fast enough, leaving only the dregs.

namaste friends
Sep 18, 2004

by Smythe
Vision critical and dwave u guys

Even if dwave were a real, viable technology, why the gently caress are they in bc? Why the gently caress would anyone with a physics degree want to work for a shitass company for 60k/year when they can be making 200k+ for Goldman Sachs

ductonius
Apr 9, 2007
I heard there's a cream for that...

leftist heap posted:

Labor shortage :qq: :qq: how the industry ever overcome this shortage of talent.

Labour shortages are caused by a lack of experienced workers. Between industry and the government, guess which one is exclusively capable of giving workers experience in industry. Go ahead, guess. Also, guess which of those two doesn't want to spend a dime turning inexperienced workers into experienced ones.

Go ahead.

Guess.

Can you feel my contempt?

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

Rime posted:

If all you want is some chucklefuck with 4 months "bootcamp" experience making GBS threads out React/Angular from google searches, whom you can justify paying $14/hr because they don't have a CompSci / S-Eng degree, sure.

I'm referring to colleges, not boot camps. They can end up with bachelor degrees, even. Programming is a trade, best taught and learned like a trade.

Rime
Nov 2, 2011

by Games Forum

Subjunctive posted:

I'm referring to colleges, not boot camps. They can end up with bachelor degrees, even. Programming is a trade, best taught and learned like a trade.

If only programmers themselves understood this, we wouldn't be in this current workforce predicament.

Subjunctive
Sep 12, 2006

✨sparkle and shine✨

Rime posted:

If only programmers themselves understood this, we wouldn't be in this current workforce predicament.

Yeah, it'll pass. Too many people and companies are trying to take the magic out of Computer Science, the academically significant pieces are going to get pushed down and aside. As should have happened to the trade of Engineering decades ago, but oh my university status signaling.

ocrumsprug
Sep 23, 2010

by LITERALLY AN ADMIN

Rime posted:

If only programmers themselves understood this, we wouldn't be in this current workforce predicament.

It is a constant effort to get everyone else to realize this, and you have to be careful while you are doing it as well. Someone that is sniffing their own farts doesn't want to hear that they are basically this generations plumbers.

UnfortunateSexFart
May 18, 2008

𒃻 𒌓ð’‰𒋫 𒆷ð’€𒅅𒆷
𒆠𒂖 𒌉 𒌫 ð’®𒈠𒈾𒅗 𒂉 𒉡𒌒𒂉𒊑


Baronjutter posted:

People pay big money just for the Trump branding. What's making anyone who isn't actually owned by trump to keep that branding anymore?

Legal contracts. Although apparently Trump hotel vacancies are skyrocketing by like 30% lately so that could give cause. I'm sure Trump would fight every one though.

That sign's been covered up almost as soon as it was put up. Rumours are that development is getting vandalized regularly.

namaste faggots posted:

The chinee in charge of holborn is the most tone deaf autist you can imagine so sorry van losers trump is here to stay

I liked this interview, he's such a spaz

https://www.youtube.com/watch?v=hd4wR3xCad8

Also Ivanka is a piece of rear end, as her dad would say.

RealityWarCriminal
Aug 10, 2016

:o:
Rime, please do the needful and accidentally drop something on the sign.

Dreylad
Jun 19, 2001
bootcamps seem like a huge scam

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

Dreylad posted:

bootcamps seem like a huge scam

How else will you become the legendary language agnostic mobile developer or full stack web magician?

yippee cahier
Mar 28, 2005

Looking at what tech companies are offering in Vancouver even with the lovely dollar and rampant SR&ED abuse: it's not a supply problem.

namaste friends
Sep 18, 2004

by Smythe
It's a population that's too stupid, too lovely, too parochial to come up with new ideas

namaste friends
Sep 18, 2004

by Smythe
https://twitter.com/PhilipSoos/status/786914021295415296?s=09

namaste friends
Sep 18, 2004

by Smythe
Data aside, people who create graphs like that without sufficient axis labels or vertical grid lines need to be loving killed

Lexicon
Jul 29, 2003

I had a beer with Stephen Harper once and now I like him.

yippee cahier posted:

Looking at what tech companies are offering in Vancouver even with the lovely dollar and rampant SR&ED abuse: it's not a supply problem.

Curious: what sort of figures are we talking? For a junior, intermediate, and senior developer with a reasonably in-demand tech stack background.

Rime
Nov 2, 2011

by Games Forum

Lexicon posted:

Curious: what sort of figures are we talking? For a junior, intermediate, and senior developer with a reasonably in-demand tech stack background.

A backend developer with 4 years experience and an S-Eng degree commands a whopping $80k at Amazon Vancouver. Their on-call policies will have you working 12-16 hours a day at all hours of the day and night every three weeks (including weekends), however, so factor in how that drags down your hourly wage.

The same position at Amazon Seattle pays over $140k USD, and does not include 16 hour sprints on a Sunday.

Rime fucked around with this message at 21:57 on Jul 29, 2022

Baronjutter
Dec 31, 2007

"Tiny Trains"

I asked a few of my friends in Victoria and Vancouver's "tech scene" about what they get paid. It's certainly more than me, but my new-hire no-degree amazon programmer friend in Seattle gets at least double. My local friends have many years of experience and multiple degrees.

What can we ever do help our poor tech sector's talent problems?? Maybe a horrific right wing government could do something insane like just lift most all labour rights from tech workers? Oh poo poo the BCNDP already did that.

cowofwar
Jul 30, 2002

by Athanatos
Canada is like the parents who buy every last thing on the gift list of their children even though their kids don't even really want the things.

The kids are Canadian companies.

peter banana
Sep 2, 2008

Feminism is a socialist, anti-family, political movement that encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism and become lesbians.
Jesse Brown has been heavily implying on the Canadaland podcast that the federal government will soon be subsidizing our media and entertainment sectors too, since he was invited to a panel on that very subject and seemed to be the odd one out for being a) someone who operates a solvent media company and b) thinks Canadian content creators should use their abject failure to make anything worthwhile as a catalyst to do better rather than be bailed out ad infinitum.

The Butcher
Apr 20, 2005

Well, at least we tried.
Nap Ghost

Baronjutter posted:

Maybe a horrific right wing government could do something insane like just lift most all labour rights from tech workers? Oh poo poo the BCNDP already did that.

I'm guessing you are referring to this? http://www2.gov.bc.ca/gov/content/employment-business/employment-standards-advice/employment-standards/factsheets/high-technology-companies

Was that actually the NDP? My google-fu is failing me to find when that was added to the employment standards act.

namaste friends
Sep 18, 2004

by Smythe

peter banana posted:

Jesse Brown has been heavily implying on the Canadaland podcast that the federal government will soon be subsidizing our media and entertainment sectors too, since he was invited to a panel on that very subject and seemed to be the odd one out for being a) someone who operates a solvent media company and b) thinks Canadian content creators should use their abject failure to make anything worthwhile as a catalyst to do better rather than be bailed out ad infinitum.

gently caress. This. poo poo.

leftist heap
Feb 28, 2013

Fun Shoe

The Butcher posted:

I'm guessing you are referring to this? http://www2.gov.bc.ca/gov/content/employment-business/employment-standards-advice/employment-standards/factsheets/high-technology-companies

Was that actually the NDP? My google-fu is failing me to find when that was added to the employment standards act.

IIRC it was part of the original act.

rhazes
Dec 17, 2006

Reduce the rectal spread!
Use glory holes instead!


An official message from the British Columbia Centre for Disease Control
My friend used to work for Bill Tam. She hosed off to Australia (because the actual tech opportunities here in Vancouver suck) and now makes 2.5-3x what she was making in Vancouver.

leftist heap
Feb 28, 2013

Fun Shoe

quote:

Toronto’s rental market is the hottest it has been in years, with bidding wars breaking out and rents soaring, according to a new study that predicts Ottawa’s new stricter mortgage qualification will make the region’s rental market even less affordable.

The average monthly rent for a condominium in the Greater Toronto Area rose an annualized 9 per cent in the third quarter, to $1,986, Toronto market research firm Urbanation Inc. wrote in a new report released Friday. The study tracks condo units rented through a realtor over the Toronto Real Estate Board’s Multiple Listings Service.

Within the City of Toronto, the rent on an average 717-square-foot condo unit reached $2,044 in the third quarter, breaking the $2,000 monthly price barrier for the first time. In the city core, average rents rose 10 per cent to $2,145, or $3.10 a square foot. Condo rents grew nearly as quickly in the suburbs, rising 7 per cent from the third quarter of last year to $1,749.

Related: Do long-time renters stand a chance of home ownership?

Related: How does Montreal maintain its enviably low rents?

Read more: Families particularly vulnerable to Vancouver’s tight rental market

“We’ve never seen numbers like these,” said Shaun Hildebrand, senior vice-president of Urbanation, which has been tracking quarterly GTA condo rental statistics since 2011.

The typical rental condo spent an average of just 12 days on the market, with roughly a quarter of all units witnessing a bidding war among renters. The number of condos rented for over asking price in the region has doubled since the same time last year, Urbanation found.

Skyrocketing demand for rental units is being fuelled by strong job growth in the region and a jump in people migrating to the GTA from other provinces, which this year is the highest in 10 years, Mr. Hildebrand said.

At the same time, the supply of new condo units in the GTA dropped 30 per cent from year-ago levels as developers have launched fewer new projects amid a shrinking supply of available land, lengthening permitting delays and warnings from analysts about an oversupply of condos. The number of new condo rental listings fell to a five-year low of just 930 units in the third quarter.

A 10 per cent rent increase in a single year is an astonishing leap in a city where rents typically have risen by 2 to 3 per cent a year and had been flat for several years until recently, providing some relief to residents priced out of the hot housing market, Mr. Hildebrand said.

“[Rental] was kind of the one area of the market where there was some balance and some level of affordability and that was being maintained,” he said. Now “there really is no balance in the marketplace, ownership or rental.”

Recent reforms to mortgage-insurance regulations announced last week by federal Finance Minister Bill Morneau will likely only add fuel to Toronto’s overheated rental market, Mr. Hildebrand said.

He estimates that the typical buyer will need to earn $86,000 a year to afford a condo under stricter mortgage qualification rules that kick in on Monday, a 17 per cent increase from $73,000 under the existing laws. That will push some prospective buyers into the rental market instead.

New regulations effective Nov. 30 will prohibit mortgages on investment properties from being covered by government-backed insurance, which could make financial institutions less willing to lend to condo investors.

Combined, the changes are likely to drive up demand for rental units while shrinking the supply of new rental investors, Mr. Hildebrand said. “It sort of seems to be to be the wrong time to be doing this,” he said. “Even before the changes come into effect, we’re seeing the lowest level of supply in the rental market that we’ve seen in years.”

One upside to Toronto’s overheated rental market: rents have grown so fast that developers are now beginning to shift their focus away from condos toward apartment buildings. The number of planned new rental apartments in the region has more than doubled in the past year, to more than 20,000, hitting its highest level in nearly 25 years. Rents in the city core have hit $3 a square foot, the level at which new rental projects become economically viable, Mr. Hildebrand said.

New apartment buildings are also being constructed in the suburbs, with projects opening in Mississauga, Brampton and Vaughan. Many new apartment buildings have been completely filled up within six months of opening, with some projects under construction already “pre-leasing” a large share of their units.

Even so, the number of new apartment buildings under construction is still too small to meet the record demand for rentals, which is set to only increase in the coming months as more buyers are priced out of the housing market.

“With the government moving to effectively raise rental demand and restrict supply I don’t see any relief for renters in the near-term,” Mr. Hildebrand said.

hahaha that is a loving liberal use of the word "study". some poo poo some guy thinks? From a company that most likely gets all its money from the condo industry:

"Urbanation regularly conducts high quality market feasibility studies for new condominium and purpose-built rental apartment projects across Canada. We use a multi-disciplinary approach to our studies, leveraging our proprietary database, external data sources, on-the-ground-knowledge, industry contacts and, most importantly, our depth of analytical expertise."

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord
Based on the same report I think

quote:

http://www.cbc.ca/news/business/toronto-condo-rents-urbanation-1.3804724

Toronto's condo rental market is beginning to mimic its ultra tight resale housing market, with soaring demand, lack of supply and costs rising to record levels.

Real estate consulting firm Urbanation says the number of condo apartments rented through the Multiple Listing Service (MLS) system in the third quarter of 2016 dropped nine per cent from last year to a total of 7,651 units. Urbanation says the drop can be at least partly attributed to a 30 per cent year-over-year decline in the number of new projects.

When condo construction hits delays, can purchasers back out?
This lack of availability, Urbanation says, is sending condo rents skyward, with the number of units renting for above asking price, more than doubling from a year ago.

Overall, condo rents rose nine per cent in the third quarter compared to the same period last year, with the average condo now renting for $29.14 per square metre ($2.71 per square foot), or $1,986 per month.

"The rental market has become severely undersupplied, which is likely to worsen following the latest round of mortgage insurance rule changes," said Shaun Hildebrand, Urbanation's senior vice-president, in a widely disseminated news release.

Toronto home prices still hot, but suburbs sizzling
"Notably higher qualification standards for first-time buyers and reduced credit availability for investors should put even more pressure on the market, even as more rental units are being built," says Hildebrand.

Ottawa's new tighter mortgage rules go into effect on Monday.

In addition to cracking down on tax leakage by foreign money, another change is that after the new rules come into effect, all insured mortgages must undergo a "stress test" that ensures a borrower's ability to make their mortgage payments at a higher interest rate.

Lawsuits against SkyCity tower developer allege land overvaluation
Effectively, that means borrowers will be tested against their ability to pay their mortgage if actual rates were as high as the big bank's five-year posted mortgage rates, which the Bank of Canada says currently average 4.64 per cent.

The tougher stress test is expected to affect first-time buyers the most, which could put even more demand on the already stretched condo rental market.

Condo rents in the old city of Toronto (not including the inner suburbs), which includes many of the highrises downtown, are even higher than those in the broader GTA. In Toronto proper, the average rent rose 10 per cent from last year to $2,145 per month.

Toronto condo owners sue after tunnel found underneath building
At the same time, Urbanation's survey of newer, purpose-built rental apartments (completed since 2005) found a vacancy rate of just 0.6 per cent.

Furnaceface
Oct 21, 2004




Who the gently caress rents a condo? Why yes I would love to subject myself to the worst part of both renting and owning while having none of the benefits of a purpose built rental unit!

namaste friends
Sep 18, 2004

by Smythe
I do. Motherfucker

Baronjutter
Dec 31, 2007

"Tiny Trains"

Furnaceface posted:

Who the gently caress rents a condo? Why yes I would love to subject myself to the worst part of both renting and owning while having none of the benefits of a purpose built rental unit!

A lot of people, because there aren't enough purpose built rentals, or they want crazy luxuries like a dishwasher or in-suite laundry. I'd never do it, but there's a huge demand for it, specially at the upper ends of the market.

rhazes
Dec 17, 2006

Reduce the rectal spread!
Use glory holes instead!


An official message from the British Columbia Centre for Disease Control

Baronjutter posted:

A lot of people, because there aren't enough purpose built rentals, or they want crazy luxuries like a dishwasher or in-suite laundry. I'd never do it, but there's a huge demand for it, specially at the upper ends of the market.

I can't tell if you're being sarcastic or not re: dishwashers and in-suite laundry. I really can't. :(

Brannock
Feb 9, 2006

by exmarx
Fallen Rib
I spent my college years without a dishwasher and having to walk several blocks to do laundry. I'm not going to do that again.

rhazes
Dec 17, 2006

Reduce the rectal spread!
Use glory holes instead!


An official message from the British Columbia Centre for Disease Control
Dishwasher, sure. But I ride my road bike 4x a week and run just as often so for me, in-suite laundry is almost a necessity. I'm doing my laundry every second day and often it's stuff that needs to be separated so it's 2 or 3 loads..

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

Furnaceface posted:

Who the gently caress rents a condo? Why yes I would love to subject myself to the worst part of both renting and owning while having none of the benefits of a purpose built rental unit!

All the working professionals that want to live the downtown lifestyle. It's quite popular.

Risky Bisquick
Jan 18, 2008

PLEASE LET ME WRITE YOUR VICTIM IMPACT STATEMENT SO I CAN FURTHER DEMONSTRATE THE CALAMITY THAT IS OUR JUSTICE SYSTEM.



Buglord

rhazes posted:

Dishwasher, sure. But I ride my road bike 4x a week and run just as often so for me, in-suite laundry is almost a necessity. I'm doing my laundry every second day and often it's stuff that needs to be separated so it's 2 or 3 loads..

Not everyone is a 20 something bachelor/dating, some people have families and value their time. 30-60 mins a day for hand washing dishes, lol get out. Leaving my house for several hours to do laundry instead of doing it during the evening adhoc lol.

Spend the money, enjoy your time.

rhazes
Dec 17, 2006

Reduce the rectal spread!
Use glory holes instead!


An official message from the British Columbia Centre for Disease Control

Risky Bisquick posted:

Not everyone is a 20 something bachelor/dating, some people have families and value their time. 30-60 mins a day for hand washing dishes, lol get out. Leaving my house for several hours to do laundry instead of doing it during the evening adhoc lol.

Spend the money, enjoy your time.

I agree with you. I'm just a weirdo who finds hand washing dishes very therapeutic.

My lease is up now but where am I going to find a place that's a better deal with in-suite laundry? I'm in a 600sqft basement for $950 in Vancouver in Mt Pleasant.

My best hope to find somewhere nice where I can maybe entertain guests/host gatherings is to find a partner and progress to the point where we move in together. And I make $75-80k/yr, I just don't want to put too much of my money towards housing/utilities.

James Baud
May 24, 2015

by LITERALLY AN ADMIN
.

James Baud fucked around with this message at 11:17 on Aug 25, 2018

Baronjutter
Dec 31, 2007

"Tiny Trains"

If any rentailures feel bad about not having in suite laundry my friends in new York making about 5x as me covet my buildings in-building coin ops vs having to walk blocks to the nearest laundromat.

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Furnaceface
Oct 21, 2004




namaste faggots posted:

I do. Motherfucker

Suddenly all the pieces fall into place.

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