Canada housing: Is home ownership only for the rich now? 80% say yes in new poll
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- Опубликовано: 25 апр 2024
- On Friday, Ipsos polling conducted exclusively for Global News showed that four in five Canadians (80 per cent) now feel that owning a home is only for the rich. That’s 11 points higher than a similar poll from just over a year ago in March 2023.
The survey, conducted after the 2024 federal budget’s release last week, shows that 72 per cent of non-owners in Canada have now “given up” on ever owning a home, a figure that’s nine percentage points higher than last year’s polling.
Darrell Bricker, CEO of Ipsos Global Public Affairs, says this latest polling reveals how “incredibly stressed” the idea of home ownership is making Canadians.
For more info, please go to globalnews.ca/news/10449905/h...
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#GlobalNews #housing #affordability
fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Contemplate shifting your investments from real estate to other dependable options such as stocks, cryptocurrencies, or precious metals. Severe recessions present potential buying opportunities in the market, but it's essential to approach them cautiously due to the volatility that can provide short-term trading possibilities. While not offering financial advice, it could be prudent to consider investing, given that holding onto cash may not be ideal during this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Having children is also, only for the rich.
True. I think the government hopes immigration and their children will fill the gap.
@@aavvcc immigranta also stop having kids
That's funny. Most low income families have the highest count of children.
The government turned to immigration cause Gen Z's don't want to have kids
Those daycare costs are nasty. You basically need to revert to single income family and just rent further out, then have the breadwinner put up with long exhausting commutes to earn just enough to feed & house the family. Not a pretty picture
This has been in the works for decades.
Unchecked Foreign ownership, Money Laundering, Corporate ownership, Short Term rentals all culminating in a perfect storm.
Enabled by rent control and tenants' rights.
@@shauncameron8390countered by*
Sorry you misspelled that
@@shauncameron8390 wrong! Enabled by greed, cheap money and speculation.
This has been the work of 8 years. Before that point people could still buy a home.
@@MyHandelsMessiahnope he had it right the first time. Its pronounced: "enabled".
"Enabled" by tenant rights 😉
80% are not “believing” - they’re seeing.
PeePee will fix it
I'm really not sure what most of the population thinks at this point ... even in alberta the provincial election was so close it's scary...
Notley for round 2 😢😢
That would have crippled this province without a doubt.
It's still doubtful anything will ever be close to normal ever again
God bless🇨🇦
Years ago when I said “corporations would own all the homes and common people would own nothing”
i was a conspiracy theorist.
Our vehicles are next.
They are definitely attacking the car sector starting by EV
Corporate feudalism.
Oddly enough, both things you mentioned are things the WEF really want. Another crazy coincidence
Corporations don't own my home
@@bobwoods1302 the banks own most homes
home ownership SHOULD ONLY be for citizens.
Trudeau allowed this for 9 years....and everyone who voted for him and myself will feel it for years down the road.
😢😢😢😂😂
this did not start 9 years ago young lad, been hapanin for most of my life, did you know that under harper when pp was minister of housing he managed to get only 9 affordable housing units built, and that Mulruiny pulled the Federal money out of housing all together, the other side did mostly kick the can down the road. So my point to pass on would be that if we blame the wrong party nothing will change.
@josephdarchambault6264 average price of a home has gone up from 402k in 2015 when pierre was housing minister to 729k today
@@nathanvanee4072 Move to Russia if you want the government to give you a home. We have a free market economy in this country. The PM has very little control over it
@@nathanvanee4072 the result of un abated free-market libertarian speculation, like the artical says housing is only for the rich so it's the players (the rich speculator) that are driving up the price and private developers are keeping supply low to increase price which = higher returns on that speculation, un-less regulated like it used to be. The gov of the day does not dictate to private companies as to what to charge for their products. Are you aware of the fact that Blackrock last week acquired and payed 10 BILLION CASH worth of residential property, what do you think that does to the price of a house? and trudeau didn't tell Blackrock to purchase those home now did he. If we keep blaming the wrong things nothing is going to change. This all started with Reagan in the USA and Thatcher in the UK plain and simple. start your research there and look into libertarian ideology and a picture will develop I promise you.
100% of WEF supporters say you will own nothing and be happy.
You own nothing and be happy
Along with this is I like to tell people that own nothing that welcome to my life , I have a wife , car and children, high credit card debt and a 300k mortgage. Who’s richer?
I hope this issue leads to the removal of the Liberal party from federal politics, sending a clear message to politicians that Canadians demand competent leadership.
This won't change with a new government. The Conservatives are bought and paid for just like Trudeau and the Liberals. Neither party is willing to do what is necessary to get the cost of living under control - stop immigration of low-skilled people.
If you think either of the other two clowns would be any better, you have another think coming. The Canadian Three Stooges; Jussie, Po, and Curly Schmoe.
Not sure it's gonna help or if it does help it will take years if not decades to resolve.
This problem was decades in the making. It will only get worse in my opinion.
@blackmonk8602 immigration is good, but I'm wondering. Do you think increasing immigration to 15 times more since 2015 could have contributed to this issue. Please look it up.
Housing should have never been an investment tool in the 1st place. Why not exponentially increase the property tax, if the property is not the primary residence?
Getting tired of the same news about housing. We all know this. What are next steps? Do the non-wealthy even have any power in this at this point?
Move to Mexico.
Trudeau: More irresponsible immigration policy!
How can we save down payments when we cant even afford our rent? My lease went from $1400 to $3000!!!! +utilities for a 15yr old 3bedroom house, and the owner lives in India!! 😡😡
Me and our partner don't even bother looking buying a home anymore cause it's way off of our annual salary. We are Canadian citizens. So sad. 😢
If you voted liberal or ndp I’m happy for you - this is what you voted for.
@@xeero24 ok but Canadian home prices have been on a exponential rise since 2005. If you feel this issue is tied to a single party I also feel sorry for you out of ignorance. Not a fan of liberals but the whole issue long before the current party.
@@SoulOfTech are you serious? By your logic we can also look back to 1950, why stop there? We all know prices go up, but in some markets we’ve seen 100 percent increase in less than 10 years and that’s on your boy Trudeau, and if you’re not bright enough to see that then I feel sorry for you.
@@SoulOfTech I agree that it has been a problem since the Financial Crisis in 2008 but the current party just threw gasoline on the fire with careless immigration policies. From stagnant wages, to food prices, to increased rents, to gas prices, to home prices. Everything has been destroyed under the Liberals.
@SoulOfTech uh no, look up what an exponential function actually looks like. bro didn't take discrete math clearly
Let’s rephrase that ownership is only for the ultra rich as single family homes minimum in bc are 1.2-1.5 million 😂😂 even apartments are now 700k townhomes in my area are closing in on 1 million it’s a joke
Mass immigration has put a strain on the housing market. Don’t let anyone else tell you otherwise.
you mean the rich, super rich and ultra rich can own a home in vancouver area
Plenty of affordable homes across Canada. Vancouver and Toronto is not all of Canada.
@@PatrickNovotny Yes, but is that fair to force us out from our hometown we grew up in? Most of my neighbors are foreign/immigrant owners now and most can't afford to keep their house anymore and are forced to move east into the fraser valley which is also starting to get really high. The housing market is so broken.
@@almontoya5703 so, keep renting.
Housing is necessity. Shouldn't be used as an investment. Heavily tax on houses that are not primary unit!!!
Get ready to pay higher rent to cover that tax.
@@shauncameron8390if enough investors offload their properties because of higher taxation, more renters will be able to buy their own homes which will drive rents down.
@@shauncameron8390 then regulate landlord who does that
Canada on fast way to becoming 3-rd world country?
Oh look another Russia lover😂😂
@@bobwoods1302Oh, look, another sunny ways sheep. Have you ever left Canada ?
3rd world refers to countries outside of NATO and the Warsaw pact
@@bhaalgorn There is no Warsaw pact,so Nato is nazi association?
@@bhaalgorn
Many being communist regimes that didn't side with Russia/USSR.
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them
People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.
*Thank you Angela Christine Derle for $60,000👍🏻. There are so many opportunities to make money here on RUclips but most people don’t know. Thank you for continuing updates I'm favoured, $60,000 every two weeks ! I can now give back to the locals in my community and also support God's work and the church. God bless America*
Sounds good😊How do you do that? I'm interested, how do I go about getting started?
Thanks to my co-worker (Alex) who suggested Ms Olivia Renae Marks
I was a liberal voter through and through. No longer. 2 fulltime working 40 year olds making 130k cant afford a home in Edmonton. Rent cost more then a mortgage. Looking at south America. Rich get richer has never been so obvious. Impossible to get ahead anywhere in this country.
Too little too late. The damage has been done already.
We don’t have a housing shortage. We have a problem with letting in to many migrants that don’t have money to begin with and wrong type of immigration also..
So then that means we have a housing shortage. If there are too many people and there aren't enough houses for everyone to own. And the migrants aren't coming in with no money. That's the reason why they are coming in because the federal government accepts them because they're going to spend their money here ie. Universities and college tuition, taxes, rent, etc. So what you said made no sense.
Its both.
Zelenskyy keeps taking all of our money!!
Ha! The US GPD is 25+ Trillion a Year... The US Federal Government's Budget is 6 Trillion a Year (off the Top of my Head), so Not even 1/100th of the US Gov's Budget is a Drop in the Bucket, Specially Once You Calculate how much Trouble that Makes for Russia with an 11 times smaller Economy than US, it becomes Hilarious!
@@randyross5630How is the US GDP related to the housing crisis in Canada? LOL
"Owning" a home with a mortgage is nothing more than being a renter with debt
And maintenance bills.
Some similarities, but even with a mortgage, it's more stability. You can't get evicted on the whims of a landlord who wants to flip your house, for example.
Mortgage is like rent to own.
Equity is the biggest advantage of owning a home. You have a poor man's mentality that you'll vote socialist NDP for the rest of your life.
Idk bro, I bought in 2017 and would make over 150k if I sold, never got that renting!
Wow, prices go up as demand goes up! Truly shocking.
All of these newcomers also need to live somewhere. Somehow the gov and their advisors missed this, I guess. They wouldn’t do this on purpose, would they!?
Why soo many immigrants? To cover for their low productivity?
Economics 101
Real estate hyper-capitalists want to see homes repeat the Tulip bulb craze of the 17th century.
Genius. Immigration , investors and speculators flippers have nothing to do with this .
Keep voting liberal. This is no surprise to anyone one with a brain.
This doesn’t make sense. The conservatives are not going to pass laws to limit the profits of real estate businesses. Plenty of politicians, particularly city mayors and city council members, are real estate people themselves.
been hapanin for most of my life, did you know that under harper when pp was minister of housing he managed to get only 9 affordable housing units built, and that Mulruiny pulled the Federal money out of housing all together, the other side did mostly kick the can down the road. So my point to pass on would be that if we blame the wrong party nothing will change.
"Axe the Tax" is a gimmick, unfortunately. They need to control immigration and also enforce strict measures on home ownership. Tax the hell out of multiple home owners. They will buckle and be forced to sell the extra houses
main driver immigration
Put chinese/hindu ban on entry to Canada next 10 years and we watch prices drop
Chinese
/ Hindu
The majority of Indians entering Canada are punjabi
Failed liberal and socialist NDP policies have consequences.
I’m convinced 100 percent that liberals and ndp hate Canada and our way of life.
Ya! Because conservatives who are pro big business is great at building homes ? Under Harper home prices went up 300% in Vancouver
@@joeisawesome540 you can put the worst of the worst past governments combined and it will still pale in comparison to what the Canadian economy is experiencing now.
@@Theauthenticmindset lol? Because we had a pandemic before?
@@joeisawesome540 yes blame it on the "pandemic" instead of ineptitude. US was booming after the pandemic, look at Florida and Texas because of common sense policies.
Let’s see, real estate agents make a percentage of the final house price. Gee, decade after decade of agents pushing property costs higher and higher, all to benefit them and sellers.
Then you also have a couple of decades of property flipping, where they take say a $400k house, the foot print doesn’t change, just some cosmetic stuff then they turn around and tack on another $200k to the sticker price. Rinse and repeat. Unaffordable housing….shocker.
You're honestly blaming realtors for the cost of housing? Seriously? C'mon. It's economics 101 - supply & demand. Canada is an AMAZING place to call home and people all over the world want to be here. The government at all levels, for decades, haven't done anything about increasing the housing supply, until now. They dropped the ball and we're all paying for it.
How do real estate agents push the prices higher?
@@nicholaschabrosthey artificially inflate the commodity aspect of housing. The mayor of Los Angeles is the ultimate example. His billionaire real estate business has directly contributed to the homelessness in that megalopolis.
@@ShaneyElderberry I can't comment on what's happening in LA, since I'm in Vancouver. As a realtor, when my sellers & I decide on a listing price...does that mean you, as a buyer, is forced to pay it?? Of course, not. If potential buyers are telling us the home is over-priced, then the sellers need to lower their price if they're serious about selling. Again, it's all about supply & demand. The higher the demand combined with low supply, prices increase.
@@nicholaschabros One has to wonder why affordable housing is so easy to find in other developed nations, and difficult to find in the countries that emphasize for profit housing sales. Homes in Wien were virtually half the price of Vancouver, while being far superior in quality of life. The homes were also noticeably better built.
House insurance in victoria bc went from $1744 to $2828 - 11-35% increase, property taxes up 8% to around $5000, its gettint bad
It's the same for us renters also. These governments have gone money crazy. It sure sucks.
The government is not in the housing business in Canada Russian.
@@bobwoods1302Lol, most MPs are landlords.
@@bobwoods1302Can we blame this incompetent government for anything in Canada?
The poll result doesn't sound right. Homeownership in Canada is over 60%. Over 60% of Canadian families are rich? Don't think so. 😅
Homeownership is NOT 60%. The real rate is much lower. If your deadbeat brother is living in your home, the Stats Canada will count him as a 'homeowner' when he knows he will be instantly be kicked out the minute you sell your home.
@@noseboop4354 Homeownership is calculated using deed or title. Unless your deadbeat brother's name is in the title, he doesn't have homeownership. 😂
@@cinpeace353 No it isn't. Homeownership is calculated by wheter or not you live in a household where at least one person has the title. It's a very misleading statistic repeated over and over in media.
Homeownership is 60 percent, as in a big chunk of that is owners who own multiple homes and investment firms that own a big chunk of it.
Yeah owning a house doesn't make you rich since all your money goes to pay the mortgage so you still poor.
Yes 1 house turns into 2. 2 into 4. Just all leverage.
We are all screwed.
Why is the title a question? Edit it to a statement you fools
Sad.
Owning a home is luxury that only the rich can pay for. Thanks Trudeau!
Only 1001 people surveyed? is that really a good measure?
I'm so heartbroken for our generation. Its hard to have hope anymore.
This is so dumb....stop paying those union guys $35 an hour to stand around.
For rich foreigners is the Justin Singh plan.
What will fix this as a change of government. We desperately need a change of government. The state of Canadian economics and standard of living is so sad right now. We really need a change of government.
I don't like the claim that it's only for the rich. I think its dangerous to lump people who are barely making ends meat to keep their home as "rich".
Next, they'll be saying if you can afford three meals a day you're rich. Or if you eat meat, you're rich, etc.
Heck, some people might only be eating once a day in order to keep their home. We've done it.
Its only gonna get worse for the coming years, every lease expiration will be renewed at triple the price or they say move out! That's what my great foreign landlord said to me after being a perfect tenant for 5 years😡
I'm just gonna pack and leave soon as I can find someplace else,
good news.. and interest rates is going up.. too. Chinese and indians can buy cash easy
Owning a home is not a right so what’s the surprise here? It’s been like this in Europe for decades and inheritance is how the people get to own one.
Because Europe is barely a generation removed from communism and fascism being the order of the day.
Rob trudeau on all his money 😱😂😂
does home include condo?
raise property taxes on all properties that are not the primary unit of living of the title holder. raise that tax by at least 200%.
enact laws that deny corporations to buy residential properties.
problem solved.
why won't they create such laws? it would ding the largest landowners in the nation - political ruling class.
Exactly,, that’s if they want to address the problem correctly,,, but they are not
Because the wealthy have pull with politicians. They don’t want to pay their fair share.
How about stop taxing people too much
5.8 million immigration since 2015
Way more than that.
Remember 2008?
Jagmeet and NDP political and ideological program is to help poor to stay poor and manage to survive.
Poilievre’s political program is to revive the economic growth, revive the middle class and give poor people an opportunity to grow out of poverty.
Trudeau/Liberal philosophy is to turn young generations and new Canadians into renters and pay all their life to establishment-turned-rentier politically connected class of Laurentian elites (himself included).
First, there is no housing crisis for most Canadians. Most Canadians own their homes, and a large portion of homeowners don't have mortgages. They profit immensely (and tax-free) on home appreciation, which they can also borrow against without selling their home. This is why almost all new policies are set around boosting demand and preventing supply.
Second, the feds get the blame for housing, but the provinces and municipalities are causing the supply constraints. The leading conservative premiers, Doug Ford and Danielle Smith, have been 100% clear that they intend to block federal efforts to supply affordable housing. This wins them votes from homeowners and they can simultaneously blame federal "meddling" or "incompetence" for price increases (even though it's the provinces that are blocking). Meanwhile, Doug Ford says the priorities are "roads and bridges" (read: not housing) and Danielle Smith is writing into law (Bill 18, the Provincial Priorities Act) that it would be illegal for the federal government supply affordable housing in Alberta. The governments with the most power to control supply benefit politically from preventing it.
Third, immigration puts pressure on housing, but house prices would go up regardless. 40% of Canada's workforce is set to retire in the next ten years, and they intend to deny housing to other generations for decades. They also intend to tax and borrow against remaining workers to fund their healthcare and unfunded pensions (OAS). Preventing immigration would double the tax burden on remaining workers and house prices would go up anyway because there would still be no new supply. Plus, immigrants are more likely to be willing and able to building housing than current Canadians.
Fourth, Canadian housing is actually pretty cheap from a global perspective. Toronto house price-to-income ration is around 13.5x, but some cities are higher, such as Hong Kong (19x). With the right policies, we could still see house prices double in most of Canada relative to incomes without being global outliers.
Fifth, we can't count on younger generations to make a difference. Every generation is now half the size of previous generation and votes less, so they are political minorities. By the time Millennials gain control in the next 2-3 decades, they will have inherited housing from their parents and want pensions themselves, and the cycle will repeat.
Finally, we know the true cost of construction is somewhere around 50% of house prices right now, meaning an unrestricted market could reduce prices by half. This is simply a competitive market - the government could also provide more subsidies on top. So if we wanted, our housing could cost something like 70% less than it does now. But this is against the interests, not of "politicians" or "elites", but current homeowners who are (remember) a majority of voters. It would also cause a financial crisis as people will owe more on their homes then the homes can be sold for. So good luck with that.
Yeah got it, the boomers are home owners. Millennials and gen z can't move out of their parents basements and start a family. Thanks Trudeau!
30 Year old Journeyman welder in Calgary CAN CONFIRM.
Crazy
The home situation has spilled over to the rental market.Middle class earners are struggling to pay their rent. In the past few decades the discretionary income has transferred from middle class bank accounts to the rich. The middle classes have been moving steadily towards poverty class.
In GTA right now its $800,000++ starting price for a ~1300 sqft condo style new build Townhouse. No first home buyers can purchase this. Only people buying these new builds are
Investors- people who already have homes! Prices are too $$$$$ for first time buyers.
Disappointing. Sigh
Simple solution : tax heavy on rental properties
That will increase more rent
We need to pass a law that mandatory all MPs and MLAs will be sent to mandatory jail for 6 months after they completed their terms and only release them if they are found to be clean. Instead of innocent before proved guilty, politicians should have other wise, guilty unless proven innocent!
I hear it's not that bad in Alberta and the Prairies, but pretty much bad in the other provinces.
It's not that bad in Alberta and the prairies yet. Soon there will be nowhere to go.
Im 32 and finally able to save....save for what? All i wanted was a mobile home and now even those are selling at crazy prices. Buy a project home? Nope, cist of materials for renovations are through the roof. Theres no win yet i slave my life away and can only hope for something to change....im exhausted.
If you want a detached home then yes you're gonna need two professionals incomes. I bought in 2017 and my place almost doubled in value four years after I bought it
I will never buy a home in Canada. It's simply not worth it.
@@Flavor_Flav You could never earn enough rubles in Russia.
@bobwoods1302 You could never earn enough Canadian dollars to buy a house in Canada either. Third world currency combined with low wages and ridiculously expensive plywood houses.
Trudeau had a big part in that. Consider how you vote carefully.
Is probably better to rent than to own a place at this kinda time. Wait until u see all the bills to own a home.
Being a Canadian I can not even afford rent thanks to Mr Handsome Prime Minister
If local militant municipalities would stop with roadblocks we might be able to build easier.
For the rich (now) and for the lucky (those who were not “rich” but were able to buy when prices were reasonable).
Half a million for a home now while across border it’s quarter mill
Liberals have made housing a non Canadian dream. Liberals knew the problem and they did nothing because all our MPs make more than 150000 and they own multiple homes so why would they care. Problem is too far gone from pay disparity, social disparity, housing disparity and the politicians are the roof cause inlast 8 years and they have gotten over 5raises for doing nothing but unleashing crime, drugs, violence, division, poverty and social instability because we have small egos up top who don’t know how to resign or step down after years of corruption. Only in Canada do we stand by and let our country diminish into political poverty on its citizens from years of rich in office ruling the ones who pay them salaries. Welcome to Canada land of the brave and politically weak and authoritarian.
Choose the true path ignore them and do not rent or buy
Gas prices is at $2.17 in the lower mainland yesterday. Thanks to the carbon tax the 80% of us will bike our way to going to everywhere in a not so distant future.
First of all you dont even own a home, ur renting from the bank for 30 years until u actually own it. Owning the home is if you pay in cash only
30 yrs? My amortization was 25 years, I paid it off in less then 20 years with annual combined income under 100 k gross. Slight regret I didn’t go on Caribbean holidays every year but the extra money went to paying the principal down . Plus raising 3 children made the holidays more expensive. We found lots of things to do locally
Trudy is bringing in 2 million this year .and you pay for everything they need .who 😢voted for that
Co-ownership is going to be the new way forward
There should be a CAP on how many homes a person can own. (You live in 1 house, but own 10?!). Foreign buyers should not be a thing. The Chinese took advantage of this. The government let this happen. this is corrupt. Also stop allowing half a million immigrants a year enter Canada. This led to population growth, leading to more demand than supply.
I'm not sure that home ownership is solely for the rich now, but selling homes is definitely for the greedy.
Now don’t come arresting me if I start selling drugs just to afford a house 😂😂 I got a great job but that’s still not enough.
It is only for the ridge
Canadians are screwed
I guess I'll just have to work at getting rich .....
Why do money lending practices vary among different groups of people? Why are some individuals required to pay interest on loans and mortgages, while others are exempt? These disparities warrant further investigation.
While there are claims suggesting higher costs, they lack substantiation.
I can't wait for those post office homes they promised us yay!
3.7 million homes need to be built to accommodate everyone
Housing is ONLY for Investors and corporations now
Do a story about the 2/10 canadians who goto work and saved up money
Sunny ways.
Yes, but only if buyers insist on Metro Vancouver, Toronto or Montreal…. New buyers need to consider the suburbs or other cities, and condos not single houses… all still very affordable…
Suburbs are as expensive and jobs go down further out you go...
Surprisingly most jobs could be done from home during COVID, but not anymore. Remote jobs is one factor that can help people moving away from bigger cities.
Lower interest rates….reduce cmhc requirements…. Lower credit requirements…cap immigration…. Build more homes…. Fire Trudeau…..
Look at that housing prices solved..GG😂
Thats the NDP party platform, your right on every point.
@@johnhart3480They’re gonna cap immigration? 🤔
I work on oil rigs in Canada. I can easily afford new vehicle, house, groceries even with inflation. But at the cost of absolutely no life
Heres an idea. Each person can own 2 properties only. That way the wealthy and rich can stop gobbling up every house on the market and turn it into rental for their profit. It would give average working and middle class people a better chance.
Also make a policy that cooperations can not buy homes and only commercial/industrial properties.
🤡 cacada 💩
The more forest fires, the more expensive lumber becomes. Start building Adobe Huts.
Duh
How did Ready Player One of all things predict the future? Future generations living in trailer parks, wasting their lives playing video games. Yay!
And back in the '90s, I was raised hoping for Star Trek.
Life is tough,get a helmet 🪖
Maybe Russia can put Ottawa and Toronto out of its misery
Left + time = hell
Thanks Liberals!
Municipalities can help resolve the housing crisis by zoning smaller 1/5 sized building lots starting at $60,000 (or 1/4 sized for $75,000, and so on - based on $300,000 mid-Vancouver Island lot prices).
Unfortunately, renting is not a secure housing option as rents continually rise, and good standing, long-term tenants can ultimately be evicted.
We need to construct homes that truly fit a person’s earned income instead of building $1500-one-bed-room rentals and declaring them as ‘affordable.’
If a basic building cost of $275 per square foot is assumed, a full-time minimum wage earner (at 30-per cent debt ratio) can own their own 150 square-foot small home with a fenced yard and a single vehicle driveway for 60 per cent less than the cost of an average basement rental suite. A $25-per-hour earner can own a 320 square-foot home, and so on.
Small houses are the way forward weather the government likes it or not. Stop renting, live in a van, couch surf, but stop renting. Crash the market.
@@jimmytucker8365 Yes, if there was a lot more housing that reflected what people could truly afford, over time the price for many existing rentals would lower as most qualified renters would flock to own regardless of square footage.