Finally after +/- 3 years of Blogosphere Ranting - Some Actual Data
This study utilized 12 years’ of BC Hydro data by Matthew Bourke of the city’s housing policy and projects department and Bruce Townson, a consultant and CEO of Ecotagious Inc.
“The non-occupancy rate in apartments dropped from 7.7 percent in 2002 to 7.2 percent in 2014, it’s these apartments that actually drive the city’s aggregate, non-occupancy rate. In 2014, the CMHC [Canada Mortgage and Housing Corporation] vacancy rate for purpose-built rental units was just over zero percent; it was about half a percent. This would mean that the non-occupancy rate for (all) condos, which make up the rest of the segment, would actually be closer to 12.5 percent.” Bruce Towson
History, Charts & Curated Readings
"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense
"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'