Stop saying we aren't building enough. It is wildly irresponsible to impose population growth, exogenous population growth, on this country when it is woefully unprepared.
Good as far as you took it. The complete mismanagement by the federal government of using the housing market to replace the natural resources combined with a devalued dollar has also been effective at increasing costs and prices of real-estate.
Immigration didn't do much on people moving into RedDeer? Those people who ran away from Ontario and BC are because of a huge influx of immigrants, increasing rent and home prices while suppressing local Canadian worker's wages.
GTA, Lower Mainland, BC and Calgary will never be affordable again. Too many foreign investors have put black money into the market. Government will lose out on too much. This is like the saying goes, don’t bite the hand that feeds you for the administration.
The City of Toronto is not approving developments bc of NIMBYs. And then The Globe and Mail blames the developers? Give me a break; Bloor & Dundas West is beside TTC subway, and beside that GO/UP Express line. So, clearly the City approval process is deeply flawed.
Fastest way to increase the housing stock would be to encourage the "over housed" people to participate. ie Baby boomers whose adult children have left the nest. Legal basement apartments in these homes would be faster to market and cheaper than net new construction so should be part of the solution. Even if tax incentives were available this will never happen (in Ontario) without a completely new approach to landlord vs tenancy rights though.
Look on MLS, their are plenty of houses now. What's not normal is every other homeowner owning multiple other "investment" properties. Throw in careless immigration policies to mask a declining economy, and historical deficits and here we are.
If this happens, as in the US, it will really be game over for Canada's future housing market ! Please read this on you tube ! 'A new phenomenon': Big investors eye Canada's home market, ReMax president says'......
Stop immigration until everyone that wants a home has one. Make building fees from governments dissappear. Make removing tenant automatic if they stop paying rent for one month. Registry of bad tenants available to landlords. Reduce capital gains tax to 20% for any investment in rental real estate. Problem solved
We have chosen in the GTA to have GVA prices with the Greenbelt instead of Calgary prices without it. Limited land supply limiting supply of SFH. GVA is hemmed in by the Pacific Ocean, Rockies, US border and Land Agricultural Reserve. Empty lot in 905 is now over a $1M. They do this in 12 metros in US out of 50. "World class" city of Portland vs Houston, Dallas-Fortworth, or Phoenix. Prices reflect a limited supply of land by the government. The price spillover to other markets is a consequence of the Greenbelt policy. See academic Wendell Cox at Demographia.
If these mid-size cities are experiencing low vacancy and there is a corresponding job boom doesn't it mean it's a good problem. People have been going where the jobs are for generations?
@@Jasmine-k9m2b 1. Unemployment has always been high with young people. Its takes a time to get settled into a the workforce. It's the same the world over. 2. Vacancy rates are low because people have jobs that pay the rent.
Stop saying we aren't building enough. It is wildly irresponsible to impose population growth, exogenous population growth, on this country when it is woefully unprepared.
Why can't two things be true?
Good as far as you took it. The complete mismanagement by the federal government of using the housing market to replace the natural resources combined with a devalued dollar has also been effective at increasing costs and prices of real-estate.
Voting PEOPLES PARTY OF CANADA in the next election....as they are the only party that represents true Canadian values.
Immigration didn't do much on people moving into RedDeer? Those people who ran away from Ontario and BC are because of a huge influx of immigrants, increasing rent and home prices while suppressing local Canadian worker's wages.
Yeah I had to laugh at how stupid that statement was..
GTA, Lower Mainland, BC and Calgary will never be affordable again. Too many foreign investors have put black money into the market. Government will lose out on too much. This is like the saying goes, don’t bite the hand that feeds you for the administration.
$113 billion is being laundered in Canada each year .
Driving up Canadian Housing Prices by 8% .
The City of Toronto is not approving developments bc of NIMBYs. And then The Globe and Mail blames the developers? Give me a break; Bloor & Dundas West is beside TTC subway, and beside that GO/UP Express line. So, clearly the City approval process is deeply flawed.
Fastest way to increase the housing stock would be to encourage the "over housed" people to participate. ie Baby boomers whose adult children have left the nest. Legal basement apartments in these homes would be faster to market and cheaper than net new construction so should be part of the solution. Even if tax incentives were available this will never happen (in Ontario) without a completely new approach to landlord vs tenancy rights though.
Look on MLS, their are plenty of houses now. What's not normal is every other homeowner owning multiple other "investment" properties. Throw in careless immigration policies to mask a declining economy, and historical deficits and here we are.
If this happens, as in the US, it will really be game over for Canada's future housing market ! Please read this on you tube ! 'A new phenomenon': Big investors eye Canada's home market, ReMax president says'......
They are tons of single people living alone
Stop immigration until everyone that wants a home has one.
Make building fees from governments dissappear.
Make removing tenant automatic if they stop paying rent for one month.
Registry of bad tenants available to landlords.
Reduce capital gains tax to 20% for any investment in rental real estate.
Problem solved
We have chosen in the GTA to have GVA prices with the Greenbelt instead of Calgary prices without it. Limited land supply limiting supply of SFH.
GVA is hemmed in by the Pacific Ocean, Rockies, US border and Land Agricultural Reserve.
Empty lot in 905 is now over a $1M.
They do this in 12 metros in US out of 50. "World class" city of Portland vs Houston, Dallas-Fortworth, or Phoenix. Prices reflect a limited supply of land by the government.
The price spillover to other markets is a consequence of the Greenbelt policy.
See academic Wendell Cox at Demographia.
If these mid-size cities are experiencing low vacancy and there is a corresponding job boom doesn't it mean it's a good problem. People have been going where the jobs are for generations?
@@Jasmine-k9m2b 1. Unemployment has always been high with young people. Its takes a time to get settled into a the workforce. It's the same the world over.
2. Vacancy rates are low because people have jobs that pay the rent.
It's the difference between good paying jobs and jobs that pay less than the cost of living in those places
@@davec8921 upgrade your skills.