Lower interest rates and housing affordability, more danger ahead?

This morning, as predicted, the Bank of Canada cut our interest rate by .05 per cent. Ostensibly, the move is to head off a recession — spurred mostly by slumping oil markets that have dampened Alberta’s economic outlook — lower interest rates mean Canadians will spend more.

Lower interest rates also mean cheaper mortgage rates, which in turn will push up housing prices, particularly as investors look for safe places to park their money, like Vancouver.

Thoughts on transit referendum

Firstly, it never should have happened — an absolute abdication of leadership—doomed to failure from the start. We elect leaders to make the tough decisions, not pass the buck; and that is precisely what Christy Clark’s government did by putting our transit infrastructure investments to plebiscite. 

Pete Fry wins B.C. Green Party nomination for Vancouver-Mount Pleasant

VICTORIA B.C. – Pete Fry was confirmed as the B.C. Green Party candidate for an anticipated Vancouver-Mount Pleasant by-election at a nomination meeting held on Saturday April 25, 2015. Fry was a candidate for Vancouver City Council with the Green Party of Vancouver in the 2014 local government elections. He received 46,522 votes, topping polls in Strathcona, Mount Pleasant and Commercial Drive, which are located in the provincial riding of Vancouver-Mount Pleasant.

“I’m really excited and motivated to bring a new voice for our community, and this incredibly diverse and irrepressible riding,” Fry said. “This by-election is a real opportunity for East Vancouverites to vote for something that they believe in, rather than vote against something they do not. I look forward to sharing our Green Party vision of progressive values, climate leadership, and community advocacy.

Seeking the Nomination to represent the Greens in Vancouver Mt-Pleasant

It seems like only yesterday I was out trying to hustle votes in the municpal election—but recent changes in East Van politics will see a by-election and no incumbent here in the East End… So I’ve decided to take the plunge, but I need your help! I’ve put my name forward to seek the BC …

Thank You!

Thanks for the kind words and well wishes everybody.. I had a relaxing morning, walking the dog and hanging out with Dawn in the hood. Of course, I was disappointed not to break onto council, but thanks to so much support from so many of you: we elected an unprecedented number of Greens, and Adriane …