Let's start by forcing all current foreigners to park their money somewhere else within one year (fail to do so, automatic auction sale) and make residential properties for Canadians only, Ban mortgages/HELOCS on 2nd properties, House sold within 3 years will be taxed 100%, income verification using income tax assessment directly from the CRA. Interest rates should never be below 5% as it is low. Lower than that is extremely low.
in 2015 we had 35 million Canadians. 2024, we have 41 million Canadians. We built around a million homes during the same period (new builds minus dilapidated builds). This isn't finance or economics, its elementary school math, which Liberals failed.
Massive blame must also be put at the feet of municipalities and Provinces. Stupid, restrictive zoning, glacially slow permitting, idiotic, neverending public consultations, and a general embrace of NIMBYs over the needs of everyone else. Let's be fair and complete in who we should blame.
Do you know how they could boost supply? Lower demand. Bringing in over a million immigrants a year has inflamed all of the existing problems. Housing, medical workers shortages, public infrastructure and more, has all been made worse by our current immigration policies. Instead of flooding the country with immigrants from the third world, we need economic reforms because without it, the business class will continue lobbying for mass immigration
Crisis, What Crisis. Nobody in real estate sales or mortgage lending screamed Chicken Little when “ Sold Above Asking” was running rampant. Now that the market is a mess, all the roaches are blaming someone else.
Wages have nothing to do with house prices. It’s immigration and foreign investment. Don’t be fooled to think immigrants don’t have money, many are from very very rich families.
@@Enncoreyea that’s completely false. We are paid higher than Americans at almost every job. For instance I as a school custodian in Canada makes almost what the average teacher does in the states
Last year' there were 250k home start-ups total (not completed, just 250k planned homes that will be started soon or just started or is being constructed) and 1.2 million immigrants (not counting refugees or anyone who overstays their visa). I wonder what is causing the housing and rental price to go up and up while causing rental conditions to get worse and worse?
Let's start by forcing all current foreigners to park their money somewhere else within one year (fail to do so, automatic auction sale) and make residential properties for Canadians only, Ban mortgages/HELOCS on 2nd properties, House sold within 3 years will be taxed 100%, income verification using income tax assessment directly from the CRA. Interest rates should never be below 5% as it is low. Lower than that is extremely low.
@@almontoya5703 Foreign owners make up a very small percentage of the overall Canadian real estate market. Any politician promising to ban foreign home owners from buying properties is only playing to the wishes of an ill informed voter class. It makes it look like the politician doing something while in reality it will have a very minimal effect since foreign buyers only represent 4-6% of the entire Canadian real estate market. Or at least that was the number in 2023. Not sure what it is rn.
Price's are fuking rising in my town again lending hasn't been restricted and interest rates fell short of being affective. This guy's lieing this is hyperinflation
Home sales and overall demand are at an all time low and interest rates have risen...yet home prices remain high. There's something terribly wrong with the housing market in Canada.
The main problem is that in 3 years house ( plywood box) price rised from 300K to 500 k or from 800K to 1.5 Ml. Those increasing has to happen in 10 years but not in 3 y. How family of 2 working adults who make 70-120k per year can even think how to afford own home.
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Compare those astronomic figures to the 20ies, 30ies,....to 70ies. They built stumphouses after the huge trees got harvested or they used pallets to build really nice little homes which stand till today.
Most of the developed nations have housing costs similar to Canada. For example, in Helseinki Finland, Seoul in South Korea both of which I have experienced. Canada, being a developed nation, its prime cities like Vancouver Toronto, goes by similar house price hike.
Here in the United States Mass immigration is the number one reason why the average working class Americans can't afford Or find a house, A $250,000 1000 square-foot shack is half their monthly income, But They are being gobbled up by newcomers these homes are not worth $250,000 These homes are at least 80 years old and have a lot of lipstick put on them from flippers, if you got money Though there are plenty of rich folks house available
Let's start by forcing all current foreigners to park their money somewhere else within one year (fail to do so, automatic auction sale) and make residential properties for Canadians only, Ban mortgages/HELOCS on 2nd properties, House sold within 3 years will be taxed 100%, income verification using income tax assessment directly from the CRA. Interest rates should never be below 5% as it is low. Lower than that is extremely low.
Sustainable immigration policy needed
Zero
Immediate deportation policy needed.
If you want housing prices to go down write your MP and tell them to massively reduce Canada's massive immigration problem.
Let's start by forcing all current foreigners to park their money somewhere else within one year (fail to do so, automatic auction sale) and make residential properties for Canadians only, Ban mortgages/HELOCS on 2nd properties, House sold within 3 years will be taxed 100%, income verification using income tax assessment directly from the CRA. Interest rates should never be below 5% as it is low. Lower than that is extremely low.
in 2015 we had 35 million Canadians. 2024, we have 41 million Canadians. We built around a million homes during the same period (new builds minus dilapidated builds). This isn't finance or economics, its elementary school math, which Liberals failed.
They have 'failed' the same in all Commowealth countries.. such a coincedance.
Massive blame must also be put at the feet of municipalities and Provinces. Stupid, restrictive zoning, glacially slow permitting, idiotic, neverending public consultations, and a general embrace of NIMBYs over the needs of everyone else. Let's be fair and complete in who we should blame.
@@ransom182 But being rational doesn't play into people's emotions to get me elected...
@@ransom182lol oh how you liberals just look passed the main reason. Trudeaus imports. You’re welcome
@@butwhytharumgrow a brain!! To many immigrants take to many homes. They stay where they are.
Please stop referring to mortgage agents as experts; it's just a three-week course
DEEEEEEEEEEEEEEEEEEPORTTTTTTTTT
There, fixed it!
Do you know how they could boost supply? Lower demand. Bringing in over a million immigrants a year has inflamed all of the existing problems. Housing, medical workers shortages, public infrastructure and more, has all been made worse by our current immigration policies. Instead of flooding the country with immigrants from the third world, we need economic reforms because without it, the business class will continue lobbying for mass immigration
Well of course interest rates will do nothing to help the supply. Stoping all immigration will
Stopping AND reversing immigration.
It comes down to a terrible government crisis. Vote out the government responsible for this: Liberal/NDP.
So what you are saying is if poilievre wins then those that own homes will lose their investment because the price will drop???
Deport!!!
Crisis, What Crisis.
Nobody in real estate sales or mortgage lending screamed Chicken Little when “ Sold Above Asking” was running rampant. Now that the market is a mess, all the roaches are blaming someone else.
Way too many experts 😂😂😂
Yet none could build a home.
Wages in Canada are just too low..it’s as simple as that.
Wages have nothing to do with house prices. It’s immigration and foreign investment. Don’t be fooled to think immigrants don’t have money, many are from very very rich families.
Yes compared to USA we are paid very less for the same role and work 🤦♂️🤦♂️
@@Enncoreyea that’s completely false. We are paid higher than Americans at almost every job. For instance I as a school custodian in Canada makes almost what the average teacher does in the states
@@jumbome7420 in Information Technology it’s not the case
@@jumbome7420
But we pay higher taxes leaving behind less disposable income.
It's taken you 5 years to work this out...
Last year' there were 250k home start-ups total (not completed, just 250k planned homes that will be started soon or just started or is being constructed) and 1.2 million immigrants (not counting refugees or anyone who overstays their visa). I wonder what is causing the housing and rental price to go up and up while causing rental conditions to get worse and worse?
Let's start by forcing all current foreigners to park their money somewhere else within one year (fail to do so, automatic auction sale) and make residential properties for Canadians only, Ban mortgages/HELOCS on 2nd properties, House sold within 3 years will be taxed 100%, income verification using income tax assessment directly from the CRA. Interest rates should never be below 5% as it is low. Lower than that is extremely low.
@@almontoya5703 Foreign owners make up a very small percentage of the overall Canadian real estate market. Any politician promising to ban foreign home owners from buying properties is only playing to the wishes of an ill informed voter class. It makes it look like the politician doing something while in reality it will have a very minimal effect since foreign buyers only represent 4-6% of the entire Canadian real estate market. Or at least that was the number in 2023. Not sure what it is rn.
poilievre owns a few homes and rentals. You think he is going to do something so he loses money....lol
@@alanv3185 New permanent residents are not considered to be foreign owners.
@@cabbagedestroyer1693 And a ban on foreign ownership doesn't include them
Price's are fuking rising in my town again lending hasn't been restricted and interest rates fell short of being affective. This guy's lieing this is hyperinflation
The Mass Immigration Crisis
Home sales and overall demand are at an all time low and interest rates have risen...yet home prices remain high. There's something terribly wrong with the housing market in Canada.
Yes terribly wrong because income we get and price of homes /rents doesn’t balance hence lot of chaos in the country…
The main problem is that in 3 years house ( plywood box) price rised from 300K to 500 k or from 800K to 1.5 Ml. Those increasing has to happen in 10 years but not in 3 y.
How family of 2 working adults who make 70-120k per year can even think how to afford own home.
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
That's awesome!!! I know nothing about investment and I'm keen on getting started.
What are your strategies?
I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
No but at least it stops the "investors" from having their tenant pay 100% of their mortgage.
Now we hear they're planning to tax primary residences with capital gains.
Compare those astronomic figures to the 20ies, 30ies,....to 70ies.
They built stumphouses after the huge trees got harvested or they
used pallets to build really nice little homes which stand till today.
Cities should have the power over immigration and commuters
Most of the developed nations have housing costs similar to Canada. For example, in Helseinki Finland, Seoul in South Korea both of which I have experienced. Canada, being a developed nation, its prime cities like Vancouver Toronto, goes by similar house price hike.
Here in the United States Mass immigration is the number one reason why the average working class Americans can't afford Or find a house, A $250,000 1000 square-foot shack is half their monthly income, But They are being gobbled up by newcomers these homes are not worth $250,000 These homes are at least 80 years old and have a lot of lipstick put on them from flippers, if you got money Though there are plenty of rich folks house available
I would like to see a story/ news coverage on Organized Crime in Canadian real estate
Time to leave Canada, it’s cooked
welcome to Trudeau world
One way to reduce the price of homes is to eliminate HELOC’s and making a house the place you live not an ATM.
Exactly 💯
Bingo. 1000% this...
Everyone screaming immigrants aren't looking at the ones gambling with their leveraged homes.
Let's start by forcing all current foreigners to park their money somewhere else within one year (fail to do so, automatic auction sale) and make residential properties for Canadians only, Ban mortgages/HELOCS on 2nd properties, House sold within 3 years will be taxed 100%, income verification using income tax assessment directly from the CRA. Interest rates should never be below 5% as it is low. Lower than that is extremely low.
That will do nothing to help the supply
@@almontoya5703 well said we will be very happy if this happens 👏👏
Austin Matthrews really taking his side hustle seriously
Love it !!!
Ask jagmeet Singh and Trudue for help.
DUHHHHHHHHH...
BYE BYE CANADA in RUINS! SPENT!
So what you’re saying is I have chance of buying a house?
Let’s forget to buy home at least our next generation kids should be able to buy is my thoughts 😞😞
NO ONE IS MOVING. this is 1979-1991 all over again.
Yeah ❤
I'm ready to jump in back into the market just waiting for the 2008 prices to come back😂
Could we please talk about other towns and cities in BC.
Its all by design. Its happening around the world.
A mortgage agent is not an expert, they are a salesman. Of course they are going to have bias.
I think social housing is only way.
I can build small cheap homes. But nobody wants me to do it. And I actually don't have alot of work. (Vancouver)
keeps bringing...so called victims all around the world....
All these experts and no one knows how to fix it
Crisis for flippers indeed 😂
looney country aka trudeaus canada😂
This guy looks like stuart skinner oilers goalie