In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living
Centre around two key targets. In the first place, remain safeguarded by realising when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around. I suggest you look for the direction a representative or monetary consultant.
That’s why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k
@@LionTowercoporation I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. ‘’Colleen Janie Towe” is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
@@LionTowercoporation Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call.
The housing crisis is well on its way to consuming all but the wealthiest in the Lower Mainland. The most vulnerable are first, then the middle class. No one seems to care until they are affected…at that point it’s too late….I have lived here for almost 40 years, breaks my heart to see how the LM has devolved.
This is the consequence of the decades of BC Liberals corruption. I worked at the Balmoral and the Billionaire owner was given huge tax breaks on scam renovations with no oversight.
that s what happens when you considered housing as an investment. BAN INVESTMENT FIRMS, CORPORATE TO BUY MORE AND MORE. Housing is only for individuals and you can only own no more than 2. That is it ! The solution is there pass a bill.
@@davrocket5304 well government set the price for real estate. We live in Canada largest land mass in the whole world . The government can approve so much housing development that property owners can bleed to death. Rent so cheap that you can't even imagine. But of course they won't do it. Government works for the rich. A lot of the politicians are big time real estate owners.
I've been homeless for over six years in Kelowna area on and off. As of May 1 I am back on the streets AGAIN. There is NOWHERE to rent there's literally NOWHERE TO LIVE. God help me.
@@djayjp I'm on PWD it's not fucking doable I'm literally starving to death because of the shitty quality of food. I'm sick, I'm in pre cancer screening. Life isn't as easy as do x y z thank you tho trust everyone I appreciate the encouragement 💗💗💗
@@eligefashion That's odd as our local food bank has high quality, nutritious food. Beans and (brown) rice or lentils is super cheap by the kilo. Hope you get better.
The greed in Vancouver is obscene. It’s now a very disturbing place to try and survive. Unfortunately it’s similar in most places in the world now....housing is a luxury, only for the wealthy.
@@shauncameron8390 so stop importing so many people from overseas which makes vancouver living so out of reach for canadians who by birth right should be first in line for that privaledge. living in van wasnt this difficult before gloalists started importing 400k per year
i also reject the idea only the rich have a right to live in a certain place. totally reject that elitist bs and so do most people. esp with many rich inheriting thier wealth or buying thier house back before housing exploded. many of them didnt earn s*it just got lucky, totally reject thier claim to having some right to priveledge status.
I was born an raised here. Moved to Toronto for 13 years and recently moved back home. I am planning to go back to Toronto as soon as I’m able, it’s also expensive but not as bad as Vancouver. I saw a 200 sqft micro suite for $1350- no kitchen. What a joke
In Thailand {pattaya} you can rent a 280 sq ft room with kitchen and washroom for $180 to $250 plus hydo, cable internet etc. Many other SE asia countries are just as cheap. Why do people stay in Canada and freeze and be poor?
In the *Moscow region* (Moscow Suburbs) in the Residential Complex "Buninsky Meadow" and "Ilynsky Meadow"(economy-classes), 8 and 12 km from the Moscow Ring Road, a flats for students with furniture - 19-24 m², rent/month: *351,17 - 731.6* CAD (264,82 - 551,7 USD). *"P.I.K" company,* economy-class, show room tour (white box): studio 19,8 sq m iJ8zfMeRVm0 studio 23,7 sq m U_hA5s1XZ-E *Moscow* population - 13,1 mln, agglomeration - 17,3 mln. Crime Index: 36.66. Average monthly salary $1,610 ($1,400 net). Moscow region population - 8,5 mln. Average salary in the Moscow region $920 ($800 net). Buninsky Meadows: Atmosphere | P.I.K company. Best commercial clip 2019 HF9tM9taXdw *"P.I.K" company:* "We are building for You!" KkEZrNEVKz0 😀
I live in that building featured with the $1000 micro units , its pretty cramped for me ( its like a 10ft x 8ft room) to the point where its kinda unhealthy , lots of mice eat your food and clothes , but they keep the bathrooms pretty clean for the most part. found that some older tenants have different rental rates than newer ones cause you can jack up the rent between tenants.
that s what happens when you considered housing as an investment. BAN INVESTMENT FIRMS, CORPORATE TO BUY MORE AND MORE. Housing is only for individuals and you can only own no more than 2. That is it ! The solution is there pass a bill.
@@shauncameron8390 how ? Your reasoning doesn't make sense. Chock the unwanted demand ( investment firm and REIT and all the owners with multiple properties) to increase the supply now average Joe and Joanna can afford it. At the current situation, the more you build the more they buy. Who are buying? The same a++holes
Housing is a human right. Is disgusting that these private companies are allowed to profit to this extent. Vancouver/Canada needs to act and start building affordable housing, this crisis is getting out of hand.
@@robertbouchard6719 So what happens to all those worker bees who need to rent an STR? Where are they going to stay if they can't afford an hotel that charges 2 to 3x?
People are quick to say “Just move if you can’t afford there” but they don’t realize moving costs significantly especially if moving to another city. And we are talking about the most vulnerable here, who obviously cannot afford that significant cost. Even if they’re interested in moving to another city, they will never be able to save up to do so living like this. The city needs to at least provide safe and truly affordable shelter for everyone who needs one, so they can put their life together and start planning and preparing for their future, including moving to another city if they’re interested
@@shauncameron8390 When you are homeless and own nothing hitch hiking or getting a ride somewhere and then sleeping on the street doesnt cost anything but to move somewhere else , even if you only have a pick up truck load of stuff , having enough to pay moving expenses , first & last , security deposit , hydro deposit , heat deposit plus enough to get by and pay for transportation while looking for a job is impossible to do from this starting point . That is why people remain trapped in addiction and homelessness .
Maybe I’m ignorant, but if you have enough money to stay in an SRO at min 375$ and in manny cases uphold a drug addiction, how can it be too expensive to buy a bus or train ticket to go somewhere else? Not to be too blaze about it, but you could easily get to Nelson, Abbotsford or so … the main reason people stay in the DTES -in my estimation, is due to potentially being unwilling to treat the root of it all, which is their drug problem.
In no way am I defending the prices in vancouver but why the heck would you want to live in those conditions downtown when you can move to a suburb area of vancouver for much less than 1300 for a single room. I have a friend who just moved to new west for that same price he has a nice freshly renovated apartment with a balcony next to a park and close to the sky train. Give up the downtown dream.
As a born and raised Vancouverite looking at people suffering with the high cost of living makes me heart broken. The government is not taking enough action to deal with the high cost of living and housing. It’s time to move out of BC to somewhere much affordable. I’m going to move out of BC to a much cheap affordable place to live in the future.
Wow didn't know affordable housing was so bad in Vancouver. Here in guelph Ontario you can get affordable housing either in a co op or one of the apartments in the RGI program. These are 1-3 room apartments/homes with about 3600 available units. If your not on (RGI)rent geared to income, they offer these homes for between 600 to 1000. Way better than these Vancouver conditions where you get a single room. Things need to change for the better for sure.
Canada is a massive country. I am 24 years old and own a 3 bedroom, 2 bathroom house in Saskatchewan. My mortgage is 500$ a month. If you can not afford our major cities then move! It is all about supply and demand. As long as you demand housing just by living in a very popular city or region it will be expensive since landowners know they can make massive profits in equity and rent by not increasing the housing supply, as they know people will continue to flock to these cities.
Or people should push for cities to change zoning laws, simplify building processes and substantially increase housing supply. And if the private market isn’t willing to jump, the government should. It’s not like they are backing $1.5 trillion dollars of mortgages.
Add the need for a car and months of high heating costs and you are not much farther ahead. This isn't a viable option for seniors who can't afford a car and who's only family connections and supports will be left behind. Young adults starting out perhaps. And couples or single men. But having tried it myself in much gentler times I wouldn't recommend single women pick up and move to a small community in the prairies or anywhere that's relatively isolated and culturally backward/male dominated.
Unfortunately the government and nimbys have made it illegal to build denser housing and ony single family zoning once this changes costs will keep rising
affordable homes are not created overnight. affordable homes already exist in the community. it's the same as buying a used car vs an old car. the old car will always be cheaper, the new car will be newer, more luxurious, but more expensive depending on brand and amenities.
@@checory But they're not widely available and there are people waiting years on a list just to get something affordable or should I say taxpayer-subsidized.
I’m 65+, single, retired. Female. There is nothing affordable to rent. My 3 adult children live in the city, otherwise I’d try and live somewhere else like Mexico. I can’t afford to live in Canada, my life long home.
You mean you can't afford to live in the big city. Canada has affordable places to live. It's just that you might have to put up with less services and long commutes.
Unaffordable affordable. In other words, the system is broken. It makes it easier for people to go from poor to homeless. Good thing there are plenty of new shiny condos sprouting all over the place to mask the ugliness!
Do the SRO's need to be downtown? Could cost options not be generated by varying city locations? Complaints on the quality, typically houses or apartments maintain value better when the Owner lives as the are invested in its maintenance. If housing was really cheap there isnt any pride in where tou live - you live there cause theres no choice and no sense of maintenance because its not yours. Downtown doesn't not need to be the only location. If you are fighting addiction Downtown where they offer free drugs does not seem to be the best environment. Would dispersing the communities looking to get on thoer feet help? Your away from the some of the less productive social norms. You could be part of a neighborhood that takes pride in their community and be influenced by that? It doesn't appear we are heading in the right direction even if we supply everyone holmes. Everyone will be sheltered and tucked away but I am not sure the problem is solved.
This just into our NEWS desk "Braking news right now" The renters of Vancouver have taken thousands of Landlords Hostage including city officials in charge of housing costs (B C housing/Atera) and are DEMANDING that rent in the lower mainland be calculated to no more of 25% of net income any landlord or city official caught breaking these new laws set out by the renters of Vancouver shall be given a tent and sent off to live in BURNS BOG The city of Delta will not be held Accountable shall Burns Bog swallow them into the ABYSS (As so many people have been JUST TO HAVE A ROOF OVER THEIR HEAD) in the lower mainland PS: A story like this might/could happen in the lower mainland
CAPITALISM BABY!!!! All levels of government haven't helped in keeping up with affordable housing in the last few decades and thats the real problem . So call you MP or MLA and ask them why !
1:11 "The couple spends the majority of their welfare and disability income on their rent." No, this is not true. They get $1600 per month, each, and pay $650 each in rent.
I just don't understand why someone would be a private slumlord. Just add paint, a washroom and kitchen and charge 2000$ a month rather than 1000$ a month. The moneys not there to rent to people on welfare, why would someone do that?
I'm not saying slum lording is ok but I wanted to point out that the province is taxing these properties like crazy. It increases every year along with utility costs
@@Sarah-pl7ep True but that kind of just back up my point right? If your a a landlord and paying high property taxes why rent a decrepit property for a low amount?
@@zxcvbnmjhgfdsa1 You're right. I think that the issues in some of these properties likely require huge investments (upgrades to fire safety, replumbing for leaks, roof replacements, bed bug fumigation)
Vancouver is so expensive... for my own bachelor in Japan near the beach i pay 160 bucks. Its not worth it... i recommend anyone to move to japan if they get the chance... just not tokyo
But the ultimate cause of the crisis is the government. Thanks to government policy. Be it lax immigration or rent control restricting the landlords' ability to raise the rents accordingly to cover the ever-rising expenses including property tax, maintenance and repair costs and insurance premiums.
why is he not working? He looks able-bodied.He contributes nothing but takes from others. A generation of takers. He has money for tattoos but not food or rent.sad
First of all , get a 2nd job or work more simple solutions. I worked 3 jobs for 10 years and didnt complain. Stop asking help for government. Stand up and go forward.
This situation is outrageous! $1300 dollars for a studio like this? Learn some French and come to Montreal please. Canada is a huge country with a small population, 300 sqft studio without basic amenities is just like a joke.
Its most important owners make money and the worker bees 🐝 get lashed to death..and that politicians visit these rich owners at parties talking about how they can help the worker 🐝 bees...but in fact politicians help themselves.
I can see that and think it’s revolting. But I also believe that if you don’t have a drug addiction or sincerely want to stop it, there are plenty of other places to go to and live in….
in 10 yrs from now it will cost 6k per month , but thats nothing new , the best thing to do is get van and live in it turn into a rv , it s cheaper and free rent and you save money long ways ....thats only thing you can ever do , because rent is going to sky rocket and nobody can touch these landlords !
I could care less about those who have middle to high incomes... but it saddens me that those below the poverty line have to pay so much. After saying that, no one is entitled to live in any city... and if you want to stay in Vancouver or a large city in Canada (or the world), yes, it is going to be tough. No matter which side you are on, there is no easy solution and no one person, group, etc. is responsible. What will YOU do? I love hearing people moving to live elsewhere so they can match their income/lifestyle to the city that they can AFFORD. Some say they are being forced - sorry, you might feel forced but no gun to your head. In life, you can't have everything so you need to figure out how to make what you have work for you. Yes, some are born rich but many were born in poor hardworking families and they are successful today. If they can do it, ANYONE can do it... yes, there are more hurdles perhaps but again, people have done it. If you think you can't, you won't... period. Take action. Stop complaining. Yes, fight for what you believe in... but don't act like a victim.
It will give him better opportunities in life. Then there other people in this comment section that calls them lazy, don't work, don't pay taxes, getting free rent and blah blah blah blah blah. Either way, poor people are fk. Class Warfare has to stop. Let's blame poor people and immigrants for everything so nobody will seek the truth are talk about corruption.
I live in the USA. I recently got accepted into HUD/Housing Authority Public Housing. I have 0 income, they know that. They still want me to pay 100 dollars deposit and 50 dollars per month in rent. If you go into HUD website, it implies that if you have 0 income, you pay 0 in deposit and rent. I emailed them and HUD about it and provided them links to the sections of the website that implies that. They both said nope. I tries to appeal their decision, they told me that I don't have the right to file for appeal. On top of everything else, the last 2 Housing Authorities I stayed at stolen 2 to 3+ thousand dollars between March 2019 to December 2021. They refused to do their job. The only good thing was I paid 0 in rent.
It's almost as if private owners shouldn't be expected to run charities. One guess as to the slumlords' ethnicity. But they need to build towers in SFH neighborhoods to solve the supply problem. What a 💩 show.
No one speaks out for landlords. Property tax and insurance has increased as well as utilities. How can landlords afford not to increase the rent? Repairs and lack of contractors and materials have all skyrocketed. Rights for landlords too. Landlords are a dirty word yet they are struggling too, not sipping champagne.
If I were the guy at the beginning, I will move to a small community in BC or Alberta, get me a job in Macdonald's , save money . Why immigrants do it? Even some having two jobs.
There's a really simple way to solve the problem: If the municipal zoning by-law states that a building is used as a privately operated low-income rental dwelling, it shall operate under a conditional limit of one dollar per square foot plus utilities or other determined fee as set by the municipality, and is subject to routine welfare inspection by a by-law enforcement officer. There, problem solved.
that s what happens when you considered housing as an investment. BAN INVESTMENT FIRMS, CORPORATE TO BUY MORE AND MORE. Housing is only for individuals and you can only own no more than 2. That is it ! The solution is there pass a bill.
Hey sir... please do not go to university. That is the poor man's path. Get involved in a trade. Be a plumber ull be rich. Just don't go to uni for some education u can get off youtube
get rich, move to alberta, reduce the cost of living and increase the income, trades (including plumbing) is a great option. another is heavy duty mechanics
@@shauncameron8390 An absence of health and safety hazards should not mean “Quality”. An absence of health and safety hazards should be the bare minimum.
Vancouver's property tax is already very high because people jacked up the land value. On top of that, the ABC council just approved a 10.7% hike. Tax hikes will never address affordability, it will only make it worst. What would happen if they added another 25 cents to carbon tax? transportation cost will go up and the price of your food (delivered there by trucks) will go up as well.
If u mess with privately owned landlords, they'll just sell which overall will reduce rental inventory. Stop attacking the people who are trying to provide housing. Bedbugs or not, nobody puts a gun to your head to stay there. God this city is nursing entitled citizens.
Private, for-profit landlords aren't trying to provide housing. They're trying to make money. Most of them are trying to make as much money as possible even if it forces vulnerable people out onto the street. They should absolutely be messed with. And the rental housing stock won't be lost if there is public funding to acquire it. This is exactly what the MURA program in Toronto is doing. The public acquisition of affordable housing needs to be massively scaled up.
How the hell is there anything affordable. The only thing that makes thing affordable will be a property tax break/ water and sewage tax break and that will never happen, so good luck with that.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living
Centre around two key targets. In the first place, remain safeguarded by realising when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around. I suggest you look for the direction a representative or monetary consultant.
That’s why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k
@@LionTowercoporation I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. ‘’Colleen Janie Towe” is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
@@LionTowercoporation Thank you. I will search on her site online and do my due diligence. If She seem proficient. I write her an email and scheduled a phone call.
The housing crisis is well on its way to consuming all but the wealthiest in the Lower Mainland. The most vulnerable are first, then the middle class. No one seems to care until they are affected…at that point it’s too late….I have lived here for almost 40 years, breaks my heart to see how the LM has devolved.
This is the consequence of the decades of BC Liberals corruption. I worked at the Balmoral and the Billionaire owner was given huge tax breaks on scam renovations with no oversight.
that s what happens when you considered housing as an investment. BAN INVESTMENT FIRMS, CORPORATE TO BUY MORE AND MORE. Housing is only for individuals and you can only own no more than 2. That is it ! The solution is there pass a bill.
@@davrocket5304 well government set the price for real estate. We live in Canada largest land mass in the whole world . The government can approve so much housing development that property owners can bleed to death. Rent so cheap that you can't even imagine. But of course they won't do it. Government works for the rich. A lot of the politicians are big time real estate owners.
@@tommywong3147
And so are 66% of ordinary citizens.
@@shauncameron8390 they just own their own house not big time player
I've been homeless for over six years in Kelowna area on and off. As of May 1 I am back on the streets AGAIN. There is NOWHERE to rent there's literally NOWHERE TO LIVE. God help me.
Get on PWD and get $1600 a month from the government and get a roommate. Get food from the food bank. Done.
Move to Manitoba
You can get $1700 per month from the government in Alberta.
@@djayjp I'm on PWD it's not fucking doable I'm literally starving to death because of the shitty quality of food. I'm sick, I'm in pre cancer screening. Life isn't as easy as do x y z thank you tho trust everyone I appreciate the encouragement 💗💗💗
@@eligefashion That's odd as our local food bank has high quality, nutritious food. Beans and (brown) rice or lentils is super cheap by the kilo. Hope you get better.
The greed in Vancouver is obscene. It’s now a very disturbing place to try and survive. Unfortunately it’s similar in most places in the world now....housing is a luxury, only for the wealthy.
greed is just it.
Because living in the city itself is a privilege. In most places in the world, those who can't afford to live the city life live on the outskirts.
@@shauncameron8390 so stop importing so many people from overseas which makes vancouver living so out of reach for canadians who by birth right should be first in line for that privaledge. living in van wasnt this difficult before gloalists started importing 400k per year
i also reject the idea only the rich have a right to live in a certain place. totally reject that elitist bs and so do most people. esp with many rich inheriting thier wealth or buying thier house back before housing exploded. many of them didnt earn s*it just got lucky, totally reject thier claim to having some right to priveledge status.
@@mendoza4789So true!
I was born an raised here. Moved to Toronto for 13 years and recently moved back home. I am planning to go back to Toronto as soon as I’m able, it’s also expensive but not as bad as Vancouver. I saw a 200 sqft micro suite for $1350- no kitchen. What a joke
That's terrible.
In Thailand {pattaya} you can rent a 280 sq ft room with kitchen and washroom for $180 to $250 plus hydo, cable internet etc. Many other SE asia countries are just as cheap. Why do people stay in Canada and freeze and be poor?
I love pattaya!!!! It's the MIAMI of Asia. Sooo cheap!!!
In the *Moscow region* (Moscow Suburbs) in the Residential Complex "Buninsky Meadow" and "Ilynsky Meadow"(economy-classes), 8 and 12 km from the Moscow Ring Road, a flats for students with furniture - 19-24 m², rent/month:
*351,17 - 731.6* CAD (264,82 - 551,7 USD).
*"P.I.K" company,* economy-class, show room tour (white box):
studio 19,8 sq m iJ8zfMeRVm0
studio 23,7 sq m U_hA5s1XZ-E
*Moscow* population - 13,1 mln, agglomeration - 17,3 mln. Crime Index: 36.66. Average monthly salary $1,610 ($1,400 net). Moscow region population - 8,5 mln. Average salary in the Moscow region $920 ($800 net).
Buninsky Meadows: Atmosphere | P.I.K company. Best commercial clip 2019 HF9tM9taXdw
*"P.I.K" company:* "We are building for You!" KkEZrNEVKz0 😀
I live in that building featured with the $1000 micro units , its pretty cramped for me ( its like a 10ft x 8ft room) to the point where its kinda unhealthy , lots of mice eat your food and clothes , but they keep the bathrooms pretty clean for the most part. found that some older tenants have different rental rates than newer ones cause you can jack up the rent between tenants.
that s what happens when you considered housing as an investment. BAN INVESTMENT FIRMS, CORPORATE TO BUY MORE AND MORE. Housing is only for individuals and you can only own no more than 2. That is it ! The solution is there pass a bill.
And make housing more expensive and scarcer than it currently is.
@@shauncameron8390 how ? Your reasoning doesn't make sense. Chock the unwanted demand ( investment firm and REIT and all the owners with multiple properties) to increase the supply now average Joe and Joanna can afford it. At the current situation, the more you build the more they buy. Who are buying? The same a++holes
Housing is a human right. Is disgusting that these private companies are allowed to profit to this extent. Vancouver/Canada needs to act and start building affordable housing, this crisis is getting out of hand.
The whole world is f.
Agree 100%, the city is a disgrace.
So give up one of your rooms. Or pay to have a unit built.
@@Michael-tn9wp Nothing? Why aren’t you doing something about it?
Says who?
Rent is crazy in vancouver...
toronto too
I dont understand why governments do nothing to stop this!
Because the people in government take money from developers......Short term rentals are killing Canada....
@@robertbouchard6719
Short-term rentals is just landlords recouping all the money they lost on rent controls.
because politians are getting rich of the housing crisis
@@robertbouchard6719 So what happens to all those worker bees who need to rent an STR? Where are they going to stay if they can't afford an hotel that charges 2 to 3x?
@@shauncameron8390 What money? They haven't maintained them at all.
People are quick to say “Just move if you can’t afford there” but they don’t realize moving costs significantly especially if moving to another city. And we are talking about the most vulnerable here, who obviously cannot afford that significant cost. Even if they’re interested in moving to another city, they will never be able to save up to do so living like this.
The city needs to at least provide safe and truly affordable shelter for everyone who needs one, so they can put their life together and start planning and preparing for their future, including moving to another city if they’re interested
Yet somehow for 80% of them, they didn't have any problem moving to Vancouver despite the lack of money.
@@shauncameron8390 When you are homeless and own nothing hitch hiking or getting a ride somewhere and then sleeping on the street doesnt cost anything but to move somewhere else , even if you only have a pick up truck load of stuff , having enough to pay moving expenses , first & last , security deposit , hydro deposit , heat deposit plus enough to get by and pay for transportation while looking for a job is impossible to do from this starting point . That is why people remain trapped in addiction and homelessness .
Maybe I’m ignorant, but if you have enough money to stay in an SRO at min 375$ and in manny cases uphold a drug addiction, how can it be too expensive to buy a bus or train ticket to go somewhere else? Not to be too blaze about it, but you could easily get to Nelson, Abbotsford or so … the main reason people stay in the DTES -in my estimation, is due to potentially being unwilling to treat the root of it all, which is their drug problem.
You mean Vancouver's "unaffordable" housing costs.
Move to small town Ontario/Manitoba/Quebec/Atlantic Canada/Saskatchewan. $1300 can rent you a three bedroom house.
In no way am I defending the prices in vancouver but why the heck would you want to live in those conditions downtown when you can move to a suburb area of vancouver for much less than 1300 for a single room. I have a friend who just moved to new west for that same price he has a nice freshly renovated apartment with a balcony next to a park and close to the sky train. Give up the downtown dream.
Easy access to charity, emergency services and their drug-dealers.
I'm on my way to Nova Scotia from Vancouver. This is the reason why.
As a born and raised Vancouverite looking at people suffering with the high cost of living makes me heart broken. The government is not taking enough action to deal with the high cost of living and housing. It’s time to move out of BC to somewhere much affordable. I’m going to move out of BC to a much cheap affordable place to live in the future.
Any ideas ???
move to the prairies
Rent control sounds like San Fran. Welcome to skid row
Wow didn't know affordable housing was so bad in Vancouver. Here in guelph Ontario you can get affordable housing either in a co op or one of the apartments in the RGI program. These are 1-3 room apartments/homes with about 3600 available units. If your not on (RGI)rent geared to income, they offer these homes for between 600 to 1000. Way better than these Vancouver conditions where you get a single room. Things need to change for the better for sure.
Canada is a massive country. I am 24 years old and own a 3 bedroom, 2 bathroom house in Saskatchewan. My mortgage is 500$ a month. If you can not afford our major cities then move! It is all about supply and demand. As long as you demand housing just by living in a very popular city or region it will be expensive since landowners know they can make massive profits in equity and rent by not increasing the housing supply, as they know people will continue to flock to these cities.
It's a good point.. why did he choose the most expensive of all cities... and even tho dtes is a ghetto...it is still downtown
Exactly why I moved to Edmonton. Why struggle when there are better options available🤷♀️
@@gracecar5941
Because people are entitled.
Or people should push for cities to change zoning laws, simplify building processes and substantially increase housing supply. And if the private market isn’t willing to jump, the government should. It’s not like they are backing $1.5 trillion dollars of mortgages.
Add the need for a car and months of high heating costs and you are not much farther ahead. This isn't a viable option for seniors who can't afford a car and who's only family connections and supports will be left behind. Young adults starting out perhaps. And couples or single men. But having tried it myself in much gentler times I wouldn't recommend single women pick up and move to a small community in the prairies or anywhere that's relatively isolated and culturally backward/male dominated.
This is very sad to see. Please create more homes for people who done have homes.
Unfortunately the government and nimbys have made it illegal to build denser housing and ony single family zoning once this changes costs will keep rising
affordable homes are not created overnight. affordable homes already exist in the community. it's the same as buying a used car vs an old car. the old car will always be cheaper, the new car will be newer, more luxurious, but more expensive depending on brand and amenities.
@@AR-gj1qt The only dense housing allowed to be built are condos and luxury apartments.
@@checory
But they're not widely available and there are people waiting years on a list just to get something affordable or should I say taxpayer-subsidized.
Great reporting and on-camera presence Joel!
I’m 65+, single, retired. Female. There is nothing affordable to rent. My 3 adult children live in the city, otherwise I’d try and live somewhere else like Mexico. I can’t afford to live in Canada, my life long home.
You mean you can't afford to live in the big city. Canada has affordable places to live. It's just that you might have to put up with less services and long commutes.
Quality of life has degraded in Canada. Politicians have destroyed the country.
Why is isn’t this regulated? No wonder why there is such a horrible homeless problem in Vancouver!
Regulation has done nothing except exacerbate the issue.
Unaffordable affordable. In other words, the system is broken. It makes it easier for people to go from poor to homeless. Good thing there are plenty of new shiny condos sprouting all over the place to mask the ugliness!
That's because those are the only profitable housing allowed to be built within city limits.
hotel owners should do some major cleaning. They just ripe off innocent people. All they do is collect rent.
What innocent people? Some of the people in the video are anything but innocent.
Don’t understand why not leave Vancouver.
mild winters
@@frankihatch
Lax drug laws and easier access to welfare.
Move to Edmonton there's housing close to U of A.
edmonton is more affordable
Do the SRO's need to be downtown? Could cost options not be generated by varying city locations?
Complaints on the quality, typically houses or apartments maintain value better when the Owner lives as the are invested in its maintenance. If housing was really cheap there isnt any pride in where tou live - you live there cause theres no choice and no sense of maintenance because its not yours.
Downtown doesn't not need to be the only location. If you are fighting addiction Downtown where they offer free drugs does not seem to be the best environment.
Would dispersing the communities looking to get on thoer feet help? Your away from the some of the less productive social norms. You could be part of a neighborhood that takes pride in their community and be influenced by that?
It doesn't appear we are heading in the right direction even if we supply everyone holmes. Everyone will be sheltered and tucked away but I am not sure the problem is solved.
gotta consider the homeless have no cars or stable transportation for handling goods. downtown has walkable neighborhoods with necessities nearby.
This just into our NEWS desk "Braking news right now"
The renters of Vancouver have taken thousands of Landlords
Hostage including city officials in charge of housing costs (B C housing/Atera)
and are DEMANDING that rent in the lower mainland be
calculated to no more of 25% of net income
any landlord or city official caught breaking these new laws
set out by the renters of Vancouver shall be given a tent
and sent off to live in BURNS BOG
The city of Delta will not be held Accountable shall
Burns Bog swallow them into the ABYSS
(As so many people have been JUST TO HAVE A ROOF OVER THEIR HEAD) in the lower mainland
PS: A story like this might/could happen in the lower mainland
CAPITALISM BABY!!!! All levels of government haven't helped in keeping up with affordable housing in the last few decades and thats the real problem . So call you MP or MLA and ask them why !
There's no money in it. And government especially the municipal one makes a lot of its money from property taxes and bureaucratic fees.
1:11 "The couple spends the majority of their welfare and disability income on their rent." No, this is not true. They get $1600 per month, each, and pay $650 each in rent.
I just don't understand why someone would be a private slumlord. Just add paint, a washroom and kitchen and charge 2000$ a month rather than 1000$ a month. The moneys not there to rent to people on welfare, why would someone do that?
I'm not saying slum lording is ok but I wanted to point out that the province is taxing these properties like crazy. It increases every year along with utility costs
@@Sarah-pl7ep True but that kind of just back up my point right? If your a a landlord and paying high property taxes why rent a decrepit property for a low amount?
@@zxcvbnmjhgfdsa1 You're right. I think that the issues in some of these properties likely require huge investments (upgrades to fire safety, replumbing for leaks, roof replacements, bed bug fumigation)
Vancouver is so expensive... for my own bachelor in Japan near the beach i pay 160 bucks. Its not worth it... i recommend anyone to move to japan if they get the chance... just not tokyo
Hive is getting hectic. Community less bugmen suffer
why would I subscribe, it doesn't get me the Canadian news on the weekend? I can get bbc and any american news I want but not Canadian
Arbnb plus thousands of international students are contributing to the housing crisie
But the ultimate cause of the crisis is the government.
Thanks to government policy. Be it lax immigration or rent control restricting the landlords' ability to raise the rents accordingly to cover the ever-rising expenses including property tax, maintenance and repair costs and insurance premiums.
Well if it isn’t the consequences of commodifying housing.
Not really. This is more a consequence of people thinking they're entitled to live in a locale they can't afford.
how about we use the CBC Vancouver office to house the homeless. far better use of the land.
5:44 "Do you want to leave"
"OH yeah, I'd leave in a second"
Ok why are you still here?
This is such a disgrace for Vancouver honestly.
why is he not working? He looks able-bodied.He contributes nothing but takes from others. A generation of takers. He has money for tattoos but not food or rent.sad
I don’t wanna move I love this city so much but the housing is crazy
Then find a way to afford living there.
get three jobs
RV living/van life
@@frankihatch
Or a roommate.
You should thank the Sahota family for this
What has the govt done to this country?
liberal government
this is a joke housing should be at affordable right
Housing was never really affordable. What you're seeing now is whatever free ride Canadians used to to enjoy is over.
@@shauncameron8390 free ride is that what you think Canadians get up every morning to do. sounds more like greed!!!!
@@lr1348
Only to the ignorant and complacent.
First of all , get a 2nd job or work more simple solutions. I worked 3 jobs for 10 years and didnt complain. Stop asking help for government. Stand up and go forward.
This situation is outrageous! $1300 dollars for a studio like this? Learn some French and come to Montreal please. Canada is a huge country with a small population, 300 sqft studio without basic amenities is just like a joke.
pathetic ....what are we paying politicians for ?? why on earth would there be no regulation especially in SRO's? About done with this city..
Its most important owners make money and the worker bees 🐝 get lashed to death..and that politicians visit these rich owners at parties talking about how they can help the worker 🐝 bees...but in fact politicians help themselves.
I can see that and think it’s revolting. But I also believe that if you don’t have a drug addiction or sincerely want to stop it, there are plenty of other places to go to and live in….
in 10 yrs from now it will cost 6k per month , but thats nothing new , the best thing to do is get van and live in it turn into a rv , it s cheaper and free rent and you save money long ways ....thats only thing you can ever do , because rent is going to sky rocket and nobody can touch these landlords !
I could care less about those who have middle to high incomes... but it saddens me that those below the poverty line have to pay so much. After saying that, no one is entitled to live in any city... and if you want to stay in Vancouver or a large city in Canada (or the world), yes, it is going to be tough.
No matter which side you are on, there is no easy solution and no one person, group, etc. is responsible. What will YOU do? I love hearing people moving to live elsewhere so they can match their income/lifestyle to the city that they can AFFORD. Some say they are being forced - sorry, you might feel forced but no gun to your head. In life, you can't have everything so you need to figure out how to make what you have work for you.
Yes, some are born rich but many were born in poor hardworking families and they are successful today. If they can do it, ANYONE can do it... yes, there are more hurdles perhaps but again, people have done it. If you think you can't, you won't... period.
Take action. Stop complaining. Yes, fight for what you believe in... but don't act like a victim.
Third word city
Going to the university will not solve his issue. Being amazing and presentable will
It will give him better opportunities in life.
Then there other people in this comment section that calls them lazy, don't work, don't pay taxes, getting free rent and blah blah blah blah blah.
Either way, poor people are fk.
Class Warfare has to stop. Let's blame poor people and immigrants for everything so nobody will seek the truth are talk about corruption.
@@NextNate03
Well, some poor people are not doing themselves any favors with their habits.
taxation only makes this problem worse.
I live in the USA.
I recently got accepted into HUD/Housing Authority Public Housing.
I have 0 income, they know that. They still want me to pay 100 dollars deposit and 50 dollars per month in rent.
If you go into HUD website, it implies that if you have 0 income, you pay 0 in deposit and rent.
I emailed them and HUD about it and provided them links to the sections of the website that implies that.
They both said nope.
I tries to appeal their decision, they told me that I don't have the right to file for appeal.
On top of everything else, the last 2 Housing Authorities I stayed at stolen 2 to 3+ thousand dollars between March 2019 to December 2021.
They refused to do their job.
The only good thing was I paid 0 in rent.
Dude, you're young and live in North America. You can't come up with a 100 bucks for a deposit?
@@keysersoze4388 dude you have no idea about this persons situation.
@@eligefashion
Which is partly of his own making.
What a capitalist hellscape we've created
I thumbsed up but I frown down 😢
More like communism but Canadians still can’t see it
Vancouver and British Columbia are quasi-socialist.
At this rate all Vancouverites will be homeless, except for the greedy and Chinese millionaires
It's almost as if private owners shouldn't be expected to run charities. One guess as to the slumlords' ethnicity. But they need to build towers in SFH neighborhoods to solve the supply problem. What a 💩 show.
All of these peoples are just gonna die off to be honest.
No one speaks out for landlords. Property tax and insurance has increased as well as utilities. How can landlords afford not to increase the rent? Repairs and lack of contractors and materials have all skyrocketed. Rights for landlords too. Landlords are a dirty word yet they are struggling too, not sipping champagne.
What about the slumlords?
@@NextNate03
Like the city housing authority?
rent control, we need government to regulate
You better not cry about shortages and lack of maintenance.
Soloution - move out of B.C..... just leave this dump for the rich
alberta and manitoba is cheaper
@@frankihatch
So is Quebec.
Throw out "affordable" in the title
If I were the guy at the beginning, I will move to a small community in BC or Alberta, get me a job in Macdonald's , save money . Why immigrants do it? Even some having two jobs.
They understand sacrifice and work ethic unlike a lot of Canadians who are entitled, complacent and delusional.
chinese city, luckily there's no tax on capital gains and there's multiple incentives for first time buyers to juice demand
CBCs titles are oxymoronic
Counselor Boyle is full of bs
There's a really simple way to solve the problem:
If the municipal zoning by-law states that a building is used as a privately operated low-income rental dwelling, it shall operate under a conditional limit of one dollar per square foot plus utilities or other determined fee as set by the municipality, and is subject to routine welfare inspection by a by-law enforcement officer.
There, problem solved.
The rent place price apartments in Vancouver are extremely high,a lot people would die,
that s what happens when you considered housing as an investment. BAN INVESTMENT FIRMS, CORPORATE TO BUY MORE AND MORE. Housing is only for individuals and you can only own no more than 2. That is it ! The solution is there pass a bill.
Toronto is the same
@@potita24 not as high as vancouver
So are the land values due to Vancouver having nowhere else to expand.
Hey sir... please do not go to university.
That is the poor man's path.
Get involved in a trade. Be a plumber ull be rich.
Just don't go to uni for some education u can get off youtube
You can get plumbing advice off TH-cam sooo.. 🤔
@@KS0102 uh. U absolute low iq responder... u cannot gain skill in plumbing without hands on work.
Unlike academic topics
get rich, move to alberta, reduce the cost of living and increase the income, trades (including plumbing) is a great option. another is heavy duty mechanics
You might get some training but no official license to be a plumber….
Stop calling the cheapest and poverty stricken housing options “affordable housing”. All safe and decent housing should be “affordable”.
It is affordable housing as some corners have to be cut in order to keep the costs down. Quality is not cheap.
@@shauncameron8390 An absence of health and safety hazards should not mean “Quality”. An absence of health and safety hazards should be the bare minimum.
@@CreativeMind76if you do not likethe apartment do not rent you are free to not rent unsafe place partof the problem are the other renters
Zero interest in this overrated city
Supply and Demand. Don't like it then leave. The world is what it is, not what you want it to be.
Pretty much. Pay up or move out.
What in the world is the Province doing?
only for the rich
@@frankihatch
The rich account for 70% of the government's revenues.
Society is collapsing
Please come to Toronto! We will take all of you. We have lots of room for you in our loving city ❤❤❤
Nah. I’ll be moving to either Poland or Texas. Totalitarianism awaits us here
LOL. That's the city a lot of the homeless in the video moved out of.
WHAT! Rent here is $2500
Your comment is proof that Canadians are unintelligent
🤣
Move to Saskatchewan?
its way more affordable there
Implement a Land Value Tax right now for Canada's metropolitans and everyone will make high density housing on their lots.
This only drives prices up
Sounds like sardine can hell. Move to Tokyo.
The city could hike property tax very high to being the housing price down.
That will be passed down to tenants.
@@cobaltss1985 how much tenants can afford is based on the salary or population will flee from Vancouver. Need property tax to 1-2% not
Vancouver's property tax is already very high because people jacked up the land value. On top of that, the ABC council just approved a 10.7% hike. Tax hikes will never address affordability, it will only make it worst. What would happen if they added another 25 cents to carbon tax? transportation cost will go up and the price of your food (delivered there by trucks) will go up as well.
I’ll be selling my condo soon. Texas here I come
LOL. Hiking the property tax hikes up the housing prices and subsequently the rents.
Pleaae do a story about why the GOV has done nothing to limit AIR BNB !! This could have been prevented !!! And they did nothing ...
BAN Short term rentals NOW!!!!!!
LOL ironic
Insane idk how people
Gonna live ina. Year or. 2
I feel for the people born with mental health issues, but addicts, I have no sympathy for. We all have choices, leave if you're not happy
If u mess with privately owned landlords, they'll just sell which overall will reduce rental inventory. Stop attacking the people who are trying to provide housing. Bedbugs or not, nobody puts a gun to your head to stay there. God this city is nursing entitled citizens.
Yeah let the rich keep telling you that.
We all deserve to live good lives and have a decent standard of living that doesn't involve cockroaches and mold.
Private, for-profit landlords aren't trying to provide housing. They're trying to make money. Most of them are trying to make as much money as possible even if it forces vulnerable people out onto the street.
They should absolutely be messed with. And the rental housing stock won't be lost if there is public funding to acquire it. This is exactly what the MURA program in Toronto is doing. The public acquisition of affordable housing needs to be massively scaled up.
@@KS0102
No you don't. You want a good life and decent standard of living, get to work.
@@JonathanBrownGilbert
Like any self-respecting business.
How the hell is there anything affordable. The only thing that makes thing affordable will be a property tax break/ water and sewage tax break and that will never happen, so good luck with that.
A lot people would suicide,
I’ll move out of Canaduh first