VIDEO: New home rush puts crunch on UBC student rentals

Demographic shift on Vancouver's west side means income-helping rental suites are harder to find

The University of British Columbia has added hundreds of residence spots this year, but the new living spaces aren't doing much to offset the losses in nearby off-campus rentals on Vancouver's west side.

Suites, rooms, and houses for rent are getting harder to come by in the closest off-campus neighbourhoods, such as Dunbar and Point Grey, as older homes sitting on million-dollar plots are being torn down when the properties are sold.

The owners of the new homes don't seem to be as interested in renting to students, the CBC's Theresa Lalonde reports.

video

Strange structure recently discovered in the UBC campus.

Is it the shield generator bunker of Endor?

This is a shot of the back of the structure.  It is totally camouflaged from behind.

It's actually the Carillon equipment building that houses the master clock

mechanism that controls the Ladner Clock Tower beside it.

Once again, Vancouver comes in at #3 in Economist Intelligence Unit's World Liveability Ranking, with Toronto and Calgary coming in at #4 and #5 respectively, to give Canada 3 of the top 5 spots.  

Melbourne is the most liveable for the third year running, followed by Vienna and Vancouver

• The past five years have seen global liveability slip by 0.6%, led by a 1.3% fall in the score for stability and safety
• The Arab Spring has been most influential in pushing down global liveability, but unrest in Europe and China have also contributed
• Ongoing civil war in Syria has made Damascus the least liveable city in the ranking

A variety of events, from the Arab Spring to austerity protests and unrest in China, have all contributed to making the world a less liveable place over the past five years, according to the latest findings of The Economist Intelligence Unit's Global Liveability Ranking. The ranking, which provides scores for lifestyle challenges in 140 cities worldwide, shows that since 2008 liveability across the world has fallen by 0.6%, led by a 1.3% fall in the score for stability and safety. 

Melbourne tops the ranking for the third year running, followed by Vienna and Vancouver. However, this apparent stability hides longer-term trends that become apparent when taking a five-year view. Only 28 cities of the 140 surveyed have registered changes in the last 12 months, but 86 cities have experienced a change in liveability over the past five years. Of these, just 30 have seen an improvement in scores, while 56 have seen liveability levels declining. 

Jon Copestake, editor of the survey, comments, "Liveability often seems static on a year-to-year basis. But looking at movement over a longer period we can see some significant trends emerging. While the threat of terror had a defining influence on liveability in the last decade, we can clearly see that civil unrest has already had a significant impact on liveability in this decade" 

The past five years have seen civil unrest becoming a globally destabilising factor, with a number of different reasons for discontent. The most significant of these has been the Arab Spring, which has affected a number of countries in the Middle East and North Africa, notably the ongoing protests in Egypt and the civil wars in Syria and Libya. This means that Damascus, Tripoli and Cairo have seen the sharpest declines over the past five years, with the Syrian capital in particular seeing a 20% decline in liveability and moving to the very bottom of the ranking. 

But austerity and feelings of disenfranchisement have led to rioting and protests in western Europe as well, notably in Greece, but also in the UK and most recently in Spain. In China, which has seen improving liveability levels over the past five years due to investment in infrastructure and higher living standards, there has been heightened unrest triggered by a range of social problems, most notably anti-Japanese rioting during August and September last year. 

Yet it has not all been doom and gloom; there have been some positive changes in liveability over the past five years. Bogota in Colombia has seen the sharpest rise in liveability as the threat from terrorism, violence and kidnappings related to guerrilla activity has declined. Equally, while current elections are disputed, a more stable situation has prompted a rise in liveability for Harare, although the Zimbabwean capital remains in the bottom five cities of the ranking. 

•          A summary of the full report can be downloaded here. 

UBC ranks 40 in the world according to Shanghai Jiao Tong University-based Academic Ranking of World Universities (ARWU).  A drop of 1 place from the same study last year, the UBC remains second overall Canadian University behind the University of Toronto and ahead of McGill in Montreal.  The study is highly scientific and takes into account the number of alumni and staff winning Nobel Prizes, published studies, highly cited researchers and more.

See the list here.

For July 2013, a total of 20 units of strata properties, i.e. condos and townhouses, were sold in UBC.  This is a decrease from the 32 units that sold in June.

Of the 20 units that sold last month, 4 were 1-bedroom homes, 12 were 2-bedroom homes, and 4 units were 3-or-more bedroom homes.

For a free private consultation to sell your home, please call me, Len Diaz, at 604-551-1323.

Sold units does not include single detached homes, pre-sale, under construction, and private (FSBO) sales.  All figures are taken from MLS.

HGTV experts share their ideas for adding value to your home.  

See the list here.

The new Disney movie, Tomorrowland, starring George Clooney and Hugh

Laurie filmed on campus (without George and Hugh) yesterday. The shoot takes

place at the 1964 New York World’s Fair set on UBC’s Main Mall.

Actual shot from 1964 New York World's Fair

Photo by BCFilmFan

Tomorrowland's NY World's Fair set in UBC's Main Mall (by the Belkin Art Gallery

at Crescent Rd).

Main Mall without the props.

Photo by yvrshoots.com

Photo by yvrshoots.com