@@Denniswdc1 even in Deadmonton it's rare to find a bachelor for under $1200/mo. now, which is preposterous. The very few that are left for around $800 are pest-ridden (looking at you Mainstreet) and just waiting for the right time to renovict so they can jack up the rents there too. All the REITs are colluding on keeping rents as high as possible.
The entire multi-level of the Canadian government (including municipal, provincial, and federal) has failed Canadians as whole. In a country so vast in resources and with such low population, housing should never be this complicated and expensive, yet it is? Why?
Governments here tax the hell out of newly built housing of all sorts. HST (Fed and province)on both for sale and at completion of purpose built rentals plus a myriad of municipal taxes and fees. On top of that loads of costly regulations…impossible to build anything that’s “affordable” here.
Population is low, but growing extremely fast. At about one to two percent every year, that's like quadruple the growth rate of the US. Yet the US builds homes much faster.
Instead of only waiting for all this new housing, why doesn't the Canadian government just initiate a land reform project. Literally pay owners of multiple properties a reasonable price, and then rent out the units on a long term basis to locals at affordable rates? Selling would likely restart the bubble. That would recover many of the costs over time. These units can bridge the gap until purpose built housing estates are completed. Just my opinion.
@@pmoney070783 government building & permit fees are accounted for 33% of the construction costs in Vancouver. So when the government claims they are working hard for affordable housing, do you still trust them?
@@shauncameron8390 Correct. Under the current policies only the big REITS will be able to operate. Tenant advocacy groups despise REITS but with the policies they push they drive the smaller landlords out of business and make home ownership more difficult. It's incredible to despise consolidation all while pushing for policies that will create just that.
@firstbluedragon building homes and condos is adult lego. Concrete, wood, drywall and most complicated systems are simple water and electrical. 200k building cost max
And what is correct pricing? Building costs are over $1000 / sq.ft Who do you expect to take a loss, the small landlord renting it out? The developer? The land owners? The trades building it? Or you just want socialism where someone gives you free shit.....
@@bdegrdsdivide average housing price vs average income. Now do it for your generation. Now pound sand. I don’t care if rates were 20%, you could have lived at home for 3 years and paid cash! Bonus - apply the marginal tax rate of the time.
Strong fundamentals at the "affordable rent" level in Toronto? 50% of all the condos built in the past decade in Toronto are sitting vacant - that's from a CBC report. The vast majority of those condos are "1 Bedroom" or - more typically - "Bachelor's": a single mixed-use room that includes everything but the bathroom. And too many of these are SO small they're perceived by the market as "unliveable": 325 sq. ft, or less. Zoning & building approvals are indeed tough to get: it takes longer to get approval, work through the bureaucracy, than actual construction. And the biggest part of total construction cost is the cost of legal & bureaucratic approval process, NOT the actual construction cost.
Why would people be so entitled to the idea that developers are building for non profits? 😂 keep it in mind governments collect huge taxes and should not pass the obligation to property owners
Instead of only waiting for all this new housing, why doesn't the Canadian government just initiate a land reform project. Literally pay owners of multiple properties a reasonable price, and then rent out the units on a long term basis to locals at affordable rates? Selling would likely restart the bubble. That would recover many of the costs over time. These units can bridge the gap until purpose built housing estates are completed. Just my opinion.
@@abcdedfg8340 That will never happen. Government had increased their tax revenue by more than 50% from the last few years, but still running endless deficits. They called all their corrupt spending “investments “, and never worked . The only one who you can count on is yourself.
If you own multiple properties the monopoly game is fantastic. If you don't own you need free parking or to go to jail. So much inequity now exists. Those without - the best option is to leave.
Instead of only waiting for all this new housing, why doesn't the Canadian government just initiate a land reform project. Literally pay owners of multiple properties a reasonable price, and then rent out the units on a long term basis to locals at affordable rates? Selling would likely restart the bubble. That would recover many of the costs over time. These units can bridge the gap until purpose built housing estates are completed. Just my opinion.
@abcdedfg8340 the problem is the government doesn’t have a plan in place for the long term maintenance for housing. Yes your idea is great but rarely do I see a program like this work out in the long term. 2 probable solutions: the government nationalizes housing which might crack the whip a little or cooperative housing becomes the norm.
Higher earner tenants tend to be shorter-term lease holders while they transition to ownership. It also means uncapped rent increases for building built after November 2018 in Ontario. What happens next is uncertain as usually
Cities appear dull and depressing. There are no balconies, green spaces, or sufficient roads. expecting people to spend decades paying for a 500 sqft space feels unrealistic. It’s clear that we’ve reached our limit and are ready to move on but don't expect better.
New built condos is way worse on quality and sq ft , most new condos in 5 years will have so much problems that maintenance will be more than mtg payment
Guy basically said he’s going for rich people in non rent controlled buildings. Rich people tend to be value conscious, so I don’t know how viable this approach will be long term. Also beware if you’re a tenant in a Canadian Apartment REIT owned building post Nov. 15, 2018. You’ll be getting some juicy N2 forms.
The Canadian housing crisis isn't "complicated". It's pure greed. Landlords have been gouging just because they can. Some REITs are being granted multimillion$ in federal dollars to retrofit older buildings, ostensibly so that costs aren't offloaded onto the long-term lower-income tenants, but they're still handing out $500/mo. rent-increases, leading to mass evictions (e.g. Avenue Living in Alberta). What you call "super hot" "assets" most people call "homes". Residential housing should be entirely off the table for "investors". Tenants are literally paying for 'shareholder' dividends' How dare you. May karma take care of you all.
@@charlesl1136 Revenue neutral rental property in most of BC and Ontario hasn't been reachable since 2014, but people kept buying them anyway thinking renter's would "somehow" come up with the money. Very poor investing strategies have caused this bubble. I'm retired now, but I always did the math and based it on average local income, if it worked out I bought, if not I didn't. All you people just bought anyway and drove up the price. Crazy!
@@Stormshfter exactly the opposite. If you got into the market in 2014 you could most possibly make a million profit. Asset prices gone up were mainly due to inflation and low supply.
Sorry, saying municipalities hold the cards is simplistic. Condo developers sold an investment product at the highest price they could possibly get and took advantage of historically low interest rates. We now have a situation where so many condo units are too small to be useful, too pricey to be rented or sold, and now we have a housing crisis. Mom and pop investors were sold a bill of goods and are taking a real haircut.
Pension funds are heavily invested in REITS like these for dividend payouts. If they fail your private and public pension will go out the window with them.
When you own many properties in the game of monopoly there is no card that says we are changing the rules and implementing redistribution. The players on top want to keep playing and buy more properties to rent. It is almost that simple. They don’t want affordable housing, they want a short supply and more tenants.
@@epictetus3406 Or, normal renting unit prices have outpaced people's wages so much that it is literally impossible to squeeze more money out of the middle class. Now that rent increases can only increase in relation to wage increases, there is no more potential growth for that target market. The solution is to build housing for a market that isn't fully priced out of rent increases.
@@hochmeisterjer why has it outpaced? Because the demand is increasing and supply has halted. Why has the supple halted? Because builders aren't building for the reasons already mentioned.
Just stop going to any restaurant and see what happens. Since everyone need money for crazy mortgages or rent. Let's see jobs being lost at your local McDonald's or Starbucks. I'll stop going at Walmart too. I'll only buy from Amazon from now on.
Not one politician considers Reits part of the rental price problem. Reits are accountable to their share holders and legitimize higher and higher rates each time a tenant moves in and out. Heck! They love 1 year tenants.
Municipalities may bear the brunt of the responsibility for fixing this, but that shouldn't be an excuse to let the federal government off the hook. They have a responsibility to manage the country, and if a part of the country is not doing what it's supposed to, it's the fed's job to fix the broken pieces.
It is interesting to hear about the business perspective of the rental market but at the same time, I am not certain about why the government is still allowing this to be an incentive for the businesses out there in the first place. As he said, there are a plenty of the land that can be developed and converted into a residential area but the zoning isn't done by the city; so that those lands are left untouched. That is what I am concerned about, too because I can easily see that we have a vast space available for development in the outskirt of the city (or even within the city) that are left unattended. The condos that are being built when the market is hot aren't quite good in terms of the economy as those are mostly targeting for the investors. They built (and are still building) micro condos that do not welcome any people that are actually interested in living in the suite. What's the point of building investment material within the city limit while abandoning the opportunity to build the real local community within the city or at its outskirt? I feel that the developer's intention focuses on the ROI and not about the landscape of the city....
Instead of only waiting for all this new housing, why doesn't the Canadian government just initiate a land reform project. Literally pay owners of multiple properties a reasonable price, and then rent out the units on a long term basis to locals at affordable rates? Selling would likely restart the bubble. That would recover many of the costs over time. These units can bridge the gap until purpose built housing estates are completed. Just my opinion.
At 39 and recently laid off, I’m at a breaking point. With $425K saved for early retirement at 50, $10K in an HSA, and a property that could yield an additional $200K, what are my options for generating steady income?
I’m unsure weather to find another job or merge all my investment accounts into one. If I do, how should I handle it, and are there any potential drawbacks? I also plan to sell my property, which could add $200K over time. Should I consolidate my investments into a single account or spread them across various markets?
These are key questions for a financial planner. I connected with mine at a summit, and with her help, my wife and I reallocated our 1.7M portfolio between a traditional IRA and brokerage account. She’s been managing the investment with our approval and has helped us recover twice our losses. Currently hodl’ing steady and cautiously navigating the market
big reason the birth rate is low too. I spend my whole 20’s and probably 30’s saving while I live in a dogsht apartment with roommates. very good environment for having wife and kids. This country and older generation have completely sold us out and their future.
Anyone else love hearing wealthy people discuss the plyt of people working full time for 30k? Rents are maxing out in part due to seniors who are being evicted for profits, who then decide to pick up a gun and shoot their landlords. Very sad that this has happened multiple times.
This guy is talking to investors to promote his projects. He didn’t mention there is no real rent growth in B.C. with the rent increase restrictions when the costs of maintenance will keep increasing in a much higher market rate.
BC rent increases are completely unrestricted between tenancies. Increases were capped at 2% last year, 3.5% this year. A 3.5% increase on the average 1 bedroom in Vancouver is over $1100 for the year. Renting households are just supposed to cough up an extra grand every year--and that's not enough? Where's that money supposed to come from, should local businesses raise their prices to cover the costs of retaining a workforce?
Let me help. Canada isn’t a competitive economy globally. We can’t attract foreign investment, or skilled workers and there isn’t enough manufacturing. All this plus a political system which is socialist(higher taxation) means the capital investment needed to build rental properties is unmotivated to do so and demand is always increasing, so higher rent for always. How did I do?😂
This guest speaks foolishness dressed up in words of complication, and then implies that 'it is a bit complicated' so as to make it seem blurry that hes there to take advantage of the market towards the downside of the people. Not gonna fall for that trick anymore, its complicated because theres no easy way to say that 'greed is good as it surely not', hence you see the verbal dance outfront and centre from this guest. You ask him a simple question, and he throws up the shield of his concocted complication to make it seem as if there is an intelligence to greed. Yes it is an intelligence, but artifical in nature, thus it comes to a close eventually. Always remember people King Jesus reigns supreme!
Affordable rent is $600/month for a bachelor suite.
It's relative to average salary. 600/month might be low when you average 4K a month in salary, but not when you make 1K a month
@@Denniswdc1 If you make 1K a month, you have no business living on your own
@@Denniswdc1 even in Deadmonton it's rare to find a bachelor for under $1200/mo. now, which is preposterous. The very few that are left for around $800 are pest-ridden (looking at you Mainstreet) and just waiting for the right time to renovict so they can jack up the rents there too. All the REITs are colluding on keeping rents as high as possible.
@@lynb1022 your dead
That’d be a rare sight in Ontario.
In KWC, I just heard from a friend that bachelor suites were going 1300-1500
The entire multi-level of the Canadian government (including municipal, provincial, and federal) has failed Canadians as whole. In a country so vast in resources and with such low population, housing should never be this complicated and expensive, yet it is? Why?
Governments here tax the hell out of newly built housing of all sorts. HST (Fed and province)on both for sale and at completion of purpose built rentals plus a myriad of municipal taxes and fees. On top of that loads of costly regulations…impossible to build anything that’s “affordable” here.
All the billions we give away the government needs to pay their 6 figure
Population is low, but growing extremely fast. At about one to two percent every year, that's like quadruple the growth rate of the US. Yet the US builds homes much faster.
Instead of only waiting for all this new housing, why doesn't the Canadian government just initiate a land reform project. Literally pay owners of multiple properties a reasonable price, and then rent out the units on a long term basis to locals at affordable rates? Selling would likely restart the bubble. That would recover many of the costs over time. These units can bridge the gap until purpose built housing estates are completed.
Just my opinion.
@@pmoney070783 government building & permit fees are accounted for 33% of the construction costs in Vancouver. So when the government claims they are working hard for affordable housing, do you still trust them?
This guest just prouved how we should not allow corporations to own residential housing at all
But this is what rent control enabled as they are filling the void left behind by ordinary people getting taxed and regulated out of ownership.
@@shauncameron8390 Correct. Under the current policies only the big REITS will be able to operate. Tenant advocacy groups despise REITS but with the policies they push they drive the smaller landlords out of business and make home ownership more difficult. It's incredible to despise consolidation all while pushing for policies that will create just that.
New ‘affordable’ market rentals in Vancouver. $2699 for 400 sq/ft studio, $3199 for 1 bedroom, $4299 for a 2 bedroom. Sign me up for that deal!
😂
did you look at the cost per square foot building costs?
This is absolutely ludicrous! That is more than one pays for rent in New York City!! Disgusting
@firstbluedragon building homes and condos is adult lego.
Concrete, wood, drywall and most complicated systems are simple water and electrical.
200k building cost max
@@rally_chronicles Land and labour costs are the big problem
No one wants your 500sqft condos. They are extremely mispriced. Good luck
And what is correct pricing? Building costs are over $1000 / sq.ft Who do you expect to take a loss, the small landlord renting it out? The developer? The land owners? The trades building it? Or you just want socialism where someone gives you free shit.....
500sqft for 600k is crazy. I bought my 900sqft Condo back in 2011 for $150k.
$150k in 2011 was able to get you 5 years of living. Now day one year
@@Xenomorph-hb4zf If only we all had time machines.....
Im sure fresh off the boat east Indians will flock in 4-6 students in those 500 sq ft apartments.
Rents should never go above 700 bucks a month.
These guys are 1 of the major reasons people can't afford homes!
There are plenty of affordable homes, young generation is just to lazy to work and earn it.
The single biggest reason is government.
@@bdegrdsdivide average housing price vs average income. Now do it for your generation. Now pound sand. I don’t care if rates were 20%, you could have lived at home for 3 years and paid cash!
Bonus - apply the marginal tax rate of the time.
@@bdegrds Nope, it's objectively 3x more difficult now than it was for boomers.
@@Andrew-hp1jk Yup, thanks to their inflationary monetary and fiscal policies.
Strong fundamentals at the "affordable rent" level in Toronto?
50% of all the condos built in the past decade in Toronto are sitting vacant - that's from a CBC report. The vast majority of those condos are "1 Bedroom" or - more typically - "Bachelor's": a single mixed-use room that includes everything but the bathroom. And too many of these are SO small they're perceived by the market as "unliveable": 325 sq. ft, or less.
Zoning & building approvals are indeed tough to get: it takes longer to get approval, work through the bureaucracy, than actual construction. And the biggest part of total construction cost is the cost of legal & bureaucratic approval process, NOT the actual construction cost.
Greedy developers and Government are to blame!!!!!!
Remember, the bank is one of root cause of this madness. Someone's debt is someone's asset.
Why would people be so entitled to the idea that developers are building for non profits? 😂 keep it in mind governments collect huge taxes and should not pass the obligation to property owners
Instead of only waiting for all this new housing, why doesn't the Canadian government just initiate a land reform project. Literally pay owners of multiple properties a reasonable price, and then rent out the units on a long term basis to locals at affordable rates? Selling would likely restart the bubble. That would recover many of the costs over time. These units can bridge the gap until purpose built housing estates are completed.
Just my opinion.
@@abcdedfg8340 That will never happen. Government had increased their tax revenue by more than 50% from the last few years, but still running endless deficits. They called all their corrupt spending “investments “, and never worked .
The only one who you can count on is yourself.
GREEDY PEOPLE. IN GENERAL
The smirk on this guys face is so out of place for this conversation. What a psychopath.
Dude, you're projecting, or screaming at a mirror
@@robertrankin7805 Sure. And you're a trained psychologist diagnosing random commenters on RUclips.
If you own multiple properties the monopoly game is fantastic. If you don't own you need free parking or to go to jail. So much inequity now exists. Those without - the best option is to leave.
Wait until people realise equity in house 1 bought equity in house 2 which then bought equity in house 3.... it's dominoes baby! 😂🎉
Instead of only waiting for all this new housing, why doesn't the Canadian government just initiate a land reform project. Literally pay owners of multiple properties a reasonable price, and then rent out the units on a long term basis to locals at affordable rates? Selling would likely restart the bubble. That would recover many of the costs over time. These units can bridge the gap until purpose built housing estates are completed.
Just my opinion.
@abcdedfg8340 the problem is the government doesn’t have a plan in place for the long term maintenance for housing. Yes your idea is great but rarely do I see a program like this work out in the long term. 2 probable solutions: the government nationalizes housing which might crack the whip a little or cooperative housing becomes the norm.
Higher earner tenants tend to be shorter-term lease holders while they transition to ownership. It also means uncapped rent increases for building built after November 2018 in Ontario. What happens next is uncertain as usually
Cities appear dull and depressing. There are no balconies, green spaces, or sufficient roads. expecting people to spend decades paying for a 500 sqft space feels unrealistic. It’s clear that we’ve reached our limit and are ready to move on but don't expect better.
Well said, the thing is not to live in these cities
New built condos is way worse on quality and sq ft , most new condos in 5 years will have so much problems that maintenance will be more than mtg payment
Yes, this is 100% true, also alot of townhouses, from someone in the building industry
Why is this news station saying lack of rent growth is negative?
You’re upset that $3400 for a 800sqft 2 bed 1 bath isn’t enough money for you?
Guy basically said he’s going for rich people in non rent controlled buildings. Rich people tend to be value conscious, so I don’t know how viable this approach will be long term. Also beware if you’re a tenant in a Canadian Apartment REIT owned building post Nov. 15, 2018. You’ll be getting some juicy N2 forms.
The Canadian housing crisis isn't "complicated". It's pure greed. Landlords have been gouging just because they can. Some REITs are being granted multimillion$ in federal dollars to retrofit older buildings, ostensibly so that costs aren't offloaded onto the long-term lower-income tenants, but they're still handing out $500/mo. rent-increases, leading to mass evictions (e.g. Avenue Living in Alberta). What you call "super hot" "assets" most people call "homes". Residential housing should be entirely off the table for "investors". Tenants are literally paying for 'shareholder' dividends' How dare you. May karma take care of you all.
Apparently you have no idea on the costs of owning a property. Do you know how many rental properties have had losses in the last couple years.
@@charlesl1136
Revenue neutral rental property in most of BC and Ontario hasn't been reachable since 2014, but people kept buying them anyway thinking renter's would "somehow" come up with the money.
Very poor investing strategies have caused this bubble. I'm retired now, but I always did the math and based it on average local income, if it worked out I bought, if not I didn't. All you people just bought anyway and drove up the price.
Crazy!
@@charlesl1136landlords are still pushing up rents even though they purchased at much lower prices or even if the property is paid off
@@Stormshfter exactly the opposite. If you got into the market in 2014 you could most possibly make a million profit. Asset prices gone up were mainly due to inflation and low supply.
@@charlesl1136
Immigration and 1% mortgages are number 1 and 2 on my list
Mass migration ensures that demand continually outpaces supply: for both real estate and jobs.
Sorry, saying municipalities hold the cards is simplistic. Condo developers sold an investment product at the highest price they could possibly get and took advantage of historically low interest rates. We now have a situation where so many condo units are too small to be useful, too pricey to be rented or sold, and now we have a housing crisis. Mom and pop investors were sold a bill of goods and are taking a real haircut.
i would take a lot of pleasure in watching this guy and all of his investors lose money as the market crashes and burns to the ground
He doesn't care his wallet is pretty fat with other people's money. Sorry but there like the tax man ,they get there money first
Pension funds are heavily invested in REITS like these for dividend payouts. If they fail your private and public pension will go out the window with them.
When you own many properties in the game of monopoly there is no card that says we are changing the rules and implementing redistribution. The players on top want to keep playing and buy more properties to rent. It is almost that simple. They don’t want affordable housing, they want a short supply and more tenants.
Housing in the gta is not complicated investigate everyone for mortgage fraud and you will easily see...what the issue is
And people say we can't have a crash like the US in 2008.
With all the mortgage fraud it's the same house of cards.
Wait for it.
just a bunch of dreamers.sick of hearing about lowering interest rates for these bloodsuckers
So basically you are targeting to building for rich only from now on
That's what happens when it becomes unprofitable to build cheap homes. Why is it unprofitable? Taxes and regulation. Thank you government.
@@epictetus3406 that's what happens when rents are considered shareholder dividends. Name the problem; parasitic "investors".
@@epictetus3406 Or, normal renting unit prices have outpaced people's wages so much that it is literally impossible to squeeze more money out of the middle class. Now that rent increases can only increase in relation to wage increases, there is no more potential growth for that target market. The solution is to build housing for a market that isn't fully priced out of rent increases.
@@hochmeisterjer why has it outpaced? Because the demand is increasing and supply has halted. Why has the supple halted? Because builders aren't building for the reasons already mentioned.
The other edge of the sword is immigration has kept wage growth down
Government and Banks sitting on the side looking innocent as land lords and Tenants fight each other..
Just stop going to any restaurant and see what happens. Since everyone need money for crazy mortgages or rent. Let's see jobs being lost at your local McDonald's or Starbucks. I'll stop going at Walmart too. I'll only buy from Amazon from now on.
Canada has a Justin Trudeau problem.
💯 We need PC's back in so rents can jack up again and make us some money.
And a Jaggy problem. NDPiberls.
Because you think one guy is responsible? Are you 5?
@@dallassegno He is the chief problem, yes. You are in denial if you think he is not. He FUBAR'd this country.
Not one politician considers Reits part of the rental price problem. Reits are accountable to their share holders and legitimize higher and higher rates each time a tenant moves in and out. Heck! They love 1 year tenants.
Rents are peaking, will another 2M+ immigrants solve that problem lol
Municipalities may bear the brunt of the responsibility for fixing this, but that shouldn't be an excuse to let the federal government off the hook. They have a responsibility to manage the country, and if a part of the country is not doing what it's supposed to, it's the fed's job to fix the broken pieces.
There should be a law that all rezoned areas forbid corporations from acquiring units in them.
What is he talking about??
It is interesting to hear about the business perspective of the rental market but at the same time, I am not certain about why the government is still allowing this to be an incentive for the businesses out there in the first place. As he said, there are a plenty of the land that can be developed and converted into a residential area but the zoning isn't done by the city; so that those lands are left untouched. That is what I am concerned about, too because I can easily see that we have a vast space available for development in the outskirt of the city (or even within the city) that are left unattended. The condos that are being built when the market is hot aren't quite good in terms of the economy as those are mostly targeting for the investors. They built (and are still building) micro condos that do not welcome any people that are actually interested in living in the suite. What's the point of building investment material within the city limit while abandoning the opportunity to build the real local community within the city or at its outskirt? I feel that the developer's intention focuses on the ROI and not about the landscape of the city....
Don't worry, Justin will fix everything!
Instead of only waiting for all this new housing, why doesn't the Canadian government just initiate a land reform project. Literally pay owners of multiple properties a reasonable price, and then rent out the units on a long term basis to locals at affordable rates? Selling would likely restart the bubble. That would recover many of the costs over time. These units can bridge the gap until purpose built housing estates are completed.
Just my opinion.
At 39 and recently laid off, I’m at a breaking point. With $425K saved for early retirement at 50, $10K in an HSA, and a property that could yield an additional $200K, what are my options for generating steady income?
It’s reasonable to consider getting a financial advisor now, but delaying retirement might be a wiser choice.
I’m unsure weather to find another job or merge all my investment accounts into one. If I do, how should I handle it, and are there any potential drawbacks? I also plan to sell my property, which could add $200K over time. Should I consolidate my investments into a single account or spread them across various markets?
These are key questions for a financial planner. I connected with mine at a summit, and with her help, my wife and I reallocated our 1.7M portfolio between a traditional IRA and brokerage account. She’s been managing the investment with our approval and has helped us recover twice our losses. Currently hodl’ing steady and cautiously navigating the market
That’s impressive! My portfolio has been struggling. Who is your advisor?
Leah Foster Alderman. Look her up online, she's well-known.
big reason the birth rate is low too. I spend my whole 20’s and probably 30’s saving while I live in a dogsht apartment with roommates. very good environment for having wife and kids. This country and older generation have completely sold us out and their future.
affordable yes!!
for Lottomax winners😂😓😓
It's not complicated, it's greed.
This guy must be drunk. 5000 for 500 Sq ft awesome!
Upside down problem in Canada, unicorn etc. I didn’t understand what was said
Not buying
Anyone else love hearing wealthy people discuss the plyt of people working full time for 30k? Rents are maxing out in part due to seniors who are being evicted for profits, who then decide to pick up a gun and shoot their landlords.
Very sad that this has happened multiple times.
2000 dollar studio 380sqft is the future
It's not "complicated" at all. Rich people have more money and poor people have way less...DUH. 😑
Who will pay 5k for 1k sq ft ?! He is delusional!
the issue rhymes with vimmigration.
Audio and video synced!!! Hallelujah
This guy is a vampire
This guy is talking to investors to promote his projects. He didn’t mention there is no real rent growth in B.C. with the rent increase restrictions when the costs of maintenance will keep increasing in a much higher market rate.
BC rent increases are completely unrestricted between tenancies. Increases were capped at 2% last year, 3.5% this year. A 3.5% increase on the average 1 bedroom in Vancouver is over $1100 for the year.
Renting households are just supposed to cough up an extra grand every year--and that's not enough? Where's that money supposed to come from, should local businesses raise their prices to cover the costs of retaining a workforce?
Let me help. Canada isn’t a competitive economy globally. We can’t attract foreign investment, or skilled workers and there isn’t enough manufacturing. All this plus a political system which is socialist(higher taxation) means the capital investment needed to build rental properties is unmotivated to do so and demand is always increasing, so higher rent for always. How did I do?😂
😂😂😂
This guest speaks foolishness dressed up in words of complication, and then implies that 'it is a bit complicated' so as to make it seem blurry that hes there to take advantage of the market towards the downside of the people. Not gonna fall for that trick anymore, its complicated because theres no easy way to say that 'greed is good as it surely not', hence you see the verbal dance outfront and centre from this guest.
You ask him a simple question, and he throws up the shield of his concocted complication to make it seem as if there is an intelligence to greed. Yes it is an intelligence, but artifical in nature, thus it comes to a close eventually.
Always remember people King Jesus reigns supreme!
♥️♥️♥️