Tsur Somerville

UBC experts on rising interest rates

The Bank of Canada has increased its key interest rate by 25 basis points to 4.75 per cent, which is the highest in 22 years. UBC experts are available to comment.

Jun 7, 2023

Laneway homes can decrease neighbouring property values in affluent areas: UBC study

Having a laneway house next door can significantly decrease the value of your Vancouver home, depending on where you live, according to a new UBC Sauder School of Business study.

Nov 18, 2021

Greater Vancouver housing markets dip but so far bring little in the way of affordability

Tsur Somerville, a professor at UBC’s Sauder School of Business, spoke to the Georgia Straight about the dip in Vancouver’s housing market.

Feb 6, 2019

B.C. housing market shows signs of moderation as some property values drop by 10 per cent

The Canadian Press interviewed UBC Sauder School of Business professor Tsur Somerville on B.C. property assessments. This story also appeared in BNN Bloomberg and the Saskatoon StarPhoenix.

Jan 7, 2019

Sample of Metro Vancouver assessments show falling values among the priciest homes

The Vancouver Sun interviewed UBC economist Tsur Sommerville on Metro Vancouver property assessments.

Jan 2, 2019

Major players not optimistic about Metro Vancouver’s housing market prospects

Richmond News published an article about the apparent cooling of Vancouver’s housing market and looked at the effects the new mayor’s initiatives might have. Tsur Somerville, a professor at UBC’s […]

Nov 21, 2018

Expert panel seeks public input on money laundering in real estate

CBC reported on an expert panel on money laundering in real estate which has launched a public consultation in order to shape its recommendations. Tsur Somerville, associate professor and director of […]

Nov 20, 2018

B.C.’s stricter rent controls may not halt construction

An article in Star Vancouver reported on the B.C. government’s decision to lower annual rental increases, and subsequent threats by developers to cancel rental projects in Vancouver. Tsur Somerville, an […]

Oct 1, 2018

UBC experts on B.C. budget update

British Columbia’s New Democrat government is expected to unveil its first budget Monday following last week’s throne speech.

Sep 11, 2017

UBC experts on CMHC foreign ownership report

Canada Mortgage and Housing Corporation (CMHC) has released its latest report on foreign ownership in Canada’s housing markets.

Nov 30, 2016

Which B.C. party is better at fiscal management? UBC prof provides independent assessment

A new study from UBC’s Sauder School of Business seeks to provide an independent assessment of the economic track records of British Columbia’s top political parties vying for the May 14th election. The study finds that no one party is significantly better at fiscal management than another. On average since 1991, according to the study, B.C. fiscal performance, compared to that of other provinces, has been modestly better under the NDP.

May 9, 2013