
12.17.2009
Diabolique Update

Regina Vacancy Rate Drops
You read that right. According to CMHC's October 2009 survey of the nation's rental market (released yesterday), the average vacancy rate in Regina is now a whopping 0.6 per cent.
0.6 per cent.
We are tied with Quebec City for the lowest vacancy rate in the country.
You will remember from our June coverage, CMHC reported that vacancies in Regina had reached 0.7 per cent in April, up from 0.5 per cent over October of 2008. CMHC predicted at the time that vacancy rates would continue to slowly climb.
They didn't.
You may also remember that back in the summer, developers who were hoping to speed along their condo conversions pointed to CMHC's somewhat rosy outlook for the rental market and argued that there is nothing more to worry about as the market is headed in the right direction.
It isn't.
We've been waiting on the provincial and the federal government for over a year now to do something about the appalling housing situation in this city. Well, the province's purse strings just cinched up tight. And housing is going to be the last thing on the minds of Harper's scandal plagued Conservatives.
It's looking like we're on our own here.
And 22 people were recently turfed from their homes in an office building and tasked with finding a place to live this winter. Expect to see more people living in hastily-converted and not-up-to-fire-code office buildings and other inappropriate structures. That's what happens when your vacancy rate essentially zero.
I'll write more on this when I've had time to go over the report in detail.
0.6 per cent.
We are tied with Quebec City for the lowest vacancy rate in the country.
You will remember from our June coverage, CMHC reported that vacancies in Regina had reached 0.7 per cent in April, up from 0.5 per cent over October of 2008. CMHC predicted at the time that vacancy rates would continue to slowly climb.
They didn't.
You may also remember that back in the summer, developers who were hoping to speed along their condo conversions pointed to CMHC's somewhat rosy outlook for the rental market and argued that there is nothing more to worry about as the market is headed in the right direction.
It isn't.
We've been waiting on the provincial and the federal government for over a year now to do something about the appalling housing situation in this city. Well, the province's purse strings just cinched up tight. And housing is going to be the last thing on the minds of Harper's scandal plagued Conservatives.
It's looking like we're on our own here.
And 22 people were recently turfed from their homes in an office building and tasked with finding a place to live this winter. Expect to see more people living in hastily-converted and not-up-to-fire-code office buildings and other inappropriate structures. That's what happens when your vacancy rate essentially zero.
I'll write more on this when I've had time to go over the report in detail.
12 Days of Christmas: Christmas In July

Christmas in July features Dick Powell as an office clerk who has entered the Maxford House Coffee Slogan contest. He has dreams of winning the grand prize of $25,000.
"If you can't sleep, it isn't the coffee. It's the bunk."
Three of his co-workers decide to play a prank on him and send a fake telegram informing Powell that he won the contest. They assume that Powell will find out that he didn't actually win and they can all have a laugh about. Things don't quite go as planned as nobody seems to catch on that Powell didn't win and as a result he goes on a spending frenzy, buying stuff for his mom, his fiance (Ellen Drew) and gifts for all the poor people in his neighbourhood.
For those unfamiliar with Sturges work, he was the master of the screwball comedy. Rocket fire dialogue, the occasional social commentary and outrageous slapstick were his trademarks. His movies are just damn funny stuff. He had string of classics, one right after another. The Great McGinty, The Lady Eve, Sullivan's Travels, The Palm Beach Story, The Miracle of Morgan's Creek and of course this film. All of them are worth watching.
Pick of the Day: Harvest King Xmas

And if you happen to be downtown tonight, The City Streets are playing a gig at O'Hanlon's Pub. Here's video of them performing "Yer Ghosts" in the offices of the Edmonton alt-weekly equivalent of prairie dog called Vue in 2008. (YouTube) Gee, if we weren't bordering on persona non grata in Regina we could do that with bands here. Oh well.
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