Also, Calgary has been hit by investors from Ontario and BC in the past few years further inflating the prices faster. And I do agree, when the market does correct, it will not be pretty.
@@TBonerton People have overpaid for their properties and a lot more people will be hurting when they all have to renew their mortgages in the coming years.
The current government has increased the number of immigrants coming into Canada in the past years and now the goal is to have 500,000 new immigrants to come into Canada in 2024. We have never seen these numbers before. Also, there is only a temporary ban of foreign nationals from buying Canadian real estate, but nothing is in place for long term.
Canada has seen an increase in immigration in general and the number of immigrants that are coming into Canada is not sustainable. Some adjustments will need to be made so that our infrastructure can be adjusted for the newcomers.
@@ShooterMcGavin31 Agreed! The stats are insane with the number of immigrants coming into Canada. There needs to be a reduction soon or else the housing crisis will just get worse.
Great vid
Interesting and insightful!
@@MultiVoltar Thank you!
Very insightful look into Canada’s housing crisis!
Thank you!
I can’t believe the price of the homes in Canada that’s insane!
I’m glad I was able to inform you of the ongoing crisis
I live in Calgary. The average home price has risen by an average of 120k n 2 years. Unrealistic bubble and when it bursts it will be catastrophic.
Also, Calgary has been hit by investors from Ontario and BC in the past few years further inflating the prices faster. And I do agree, when the market does correct, it will not be pretty.
@@sethbadesha heard someone whining on RUclips they can't afford their 5 mortgages...
@@TBonerton People have overpaid for their properties and a lot more people will be hurting when they all have to renew their mortgages in the coming years.
In Post National Canada there’s 30 million Canadians, 14 million homes and 13 million foreigners occupying Canadian homes
That buyer who overbid by $225,000 in 2020 for the home in Hamilton is going to get rekt.
Agreed! When the mortgage renewals come up, there will be issues!
@@sethbadesha hopefully the buyer has more money than brains!
Why are Canadians now suddenly vastly outnumbered in overcrowded Canadian cities?
Shouldn’t Canadian homes be owned and occupied by Canadians?
The current government has increased the number of immigrants coming into Canada in the past years and now the goal is to have 500,000 new immigrants to come into Canada in 2024. We have never seen these numbers before. Also, there is only a temporary ban of foreign nationals from buying Canadian real estate, but nothing is in place for long term.
Canada housing market crash already
13 million foreign invaders currently occupying Canadian homes
Too many Indians.... And I am indian!
Canada has seen an increase in immigration in general and the number of immigrants that are coming into Canada is not sustainable. Some adjustments will need to be made so that our infrastructure can be adjusted for the newcomers.
@@sethbadeshaIndia makes up the vast majority of migrants, more than tripling the total number from the closest country, China.
@@ShooterMcGavin31 Agreed! The stats are insane with the number of immigrants coming into Canada. There needs to be a reduction soon or else the housing crisis will just get worse.
we ALL know..do NOT need you wasting air time explaining a 20 YEAR OLD tragedy in the making. shhhhhhhhhhhh silence is golden