They taxes vacancies so vacancies went down - but that doesn’t mean that someone who was happy keeping their property empty put it on the market and found some random tenants with all of the hassles that entails - you can never get rid of them as the laws strongly favour tenants. So you lose control of your “property”
Instead they find someone in their network, like a friend or friends adult child that is studying who can stay there and they pay a trivial rent to “take care of the house”
Some buyers that bought pre sale say at 700k maybe put down 120k and now the units are worth 600k and can only get a mortgage for 600k, have to come up with the extra 100k.
Lots of the supply is tiny condos that are not as desirable as a house for having a family.
the clamp down on Airbnb has also hurt the market for these tiny condos.
Also canada reduced the rate of immigration so demand isn’t increasing as quickly. The population of British Columbia decreased.
A hotel in Vancouver for a night in the summer is $400+
Hydro electric as a resource is probably mostly exploited - are there a lot of big hydro projects left to build? If there are they must be difficult or expensive or they would have already been built.
Do you have a source for this? I constantly point out that several cloudy days in a row often happens but am rebutted with graphs of the declining costs of solar modules and batteries
Nobody is suggesting to use solar as the sole source of electricity. That would obviously be insane and then leads to silly numbers like the ones you gave.
A MWh of solar is about 30 Euro/MWh if you levelize the capital costs.
The article discusses why LCOE is not a good estimate of the costs. Yes, combining different sources lowers the total cost (by damping intermittency). For Denmark it's offshore wind and solar in a 7 to 1 ratio (plus natural gas or biomethane power plants).
> Nobody is suggesting to use solar as the sole source of electricity.
The electricity price is not decoupled from the gas price because there's not enough energy storage, wind turbines, interconnections (that is the energy grid can't function without natural gas). The cost of building (and operating) all this goes into SLCOE.
They certainly turned away from socialism and towards capitalism though, I think as part of embracing capitalism. What parts of the economy are not capitalist? State owned companies? In Canada and the US there are many protected or subsidized companies as well. Genuinely curious on the differences on owning a company in China vs canada
Only if everyone expects the business itself to continue to exist for 10 years.
Back when I was a kid, my dad claimed house construction firms (in the UK) regularly closed down after building homes to get around having to fix things under warranty.
Regardless of if this was actually true or not, the perception will kill trust.
These are typically representative of cost performance per watt of one part of a more complex deployed energy system. Things like the aluminum / steal for the container / framing, copper / aluminum for the transmission and wiring, land and labor for installation decline at much less aggressive rates or increase over time.
In almost all pareto optimal least cost energy system models that I've seen, high penetration of solar, wind, batteries plus some minority amount of (clean) baseload power is the most capital efficient energy system.
Instead they find someone in their network, like a friend or friends adult child that is studying who can stay there and they pay a trivial rent to “take care of the house”
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