B.C. party preferences, seat by seat

The Esplanade, North Vancouver

The polls indicate that British Columbia will see a change of government in the election scheduled for May 14, 2013.  The BC Liberals have taken the last three elections, but  credible polling firms have given the New Democratic Party a lead of at least 15 points over the Liberals throughout the past year.

Based on a compilation of polls through to early December 2012, Eric Grenier of ThreeHundredEight.com has determined that an election at that time would likely have given the NDP about 60 seats in the B.C. Legislature, with 24 Liberals in opposition and one Independent (Vicki Huntingdon in Delta South).  Mr. Grenier’s work appears regularly in the Globe and Mail.  He tracks opinion at the federal and provincial levels by combining polling results, recognizing that different polling methods have different strengths and flaws. Continue reading

Speculation and stagnation in the real estate market

Burnaby Heights

Burnaby Heights

Home prices have sagged across Fraseropolis in recent months, but they’re still something of a marvel.  Realtors estimate the “benchmark” cost of a detached house in north Burnaby at close to $1,000,000;  west of Ontario Street in  Vancouver, the figure last month was above $2,000,000.

So, inevitably: is there a residential real estate bubble in British Columbia’s Lower Mainland? Are we verging on a crash?  Is it time to panic?  This debate has run on for years, and I won’t issue a ruling here, except to observe that the pricey parts of the region have tended to get pricier over time, despite the fretting, while home prices in the least expensive areas have stagnated (see the chart at the bottom of this post.) Continue reading