Canadian Housing Crisis | Why Canada Has No Housing Supply

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  • เผยแพร่เมื่อ 18 พ.ย. 2024

ความคิดเห็น • 29

  • @MrIGameHard
    @MrIGameHard 10 หลายเดือนก่อน +4

    If there's any chance of moving to the US, I'll take it in a heartbeat. Canada isn't what it used to be.

    • @Nanaimore
      @Nanaimore  10 หลายเดือนก่อน

      There are a lot of people with health issues that would disagree with you.

    • @MrIGameHard
      @MrIGameHard 10 หลายเดือนก่อน +1

      @@Nanaimore 40K canadians moving to the US every year vs 9K americans going to Canada would disagree with you.

    • @Nanaimore
      @Nanaimore  10 หลายเดือนก่อน

      @@MrIGameHard Do they have heath issues?

    • @MrIGameHard
      @MrIGameHard 10 หลายเดือนก่อน +2

      @@Nanaimore no clue, but I know of my brother and a guy that lives on my street that looked for healthcare outside of Canada. My brother has a deviated septum that needs surgery to fix, but the family doctor wouldn't refer him to a specialist. We had to get a medical examination from outside Canada to finally get a diagnosis that would convince the doctor to refer him to a specialist. The guy on my street had cataracts, and the surgery scheduled for him (almost year out), even though he would've gone blind if untreated in a month or so. He crossed the border and had the surgery in under a week. Us Canadians love to pretend our healthcare is good, but it's shit compared to almost every European healthcare system. Keep in mind it's not free, we pay taxes that funds it. I'd rather get a private healthcare plan in the US with less taxes.

    • @Nanaimore
      @Nanaimore  10 หลายเดือนก่อน

      @@MrIGameHard wow

  • @villainpriest
    @villainpriest 10 หลายเดือนก่อน +7

    Liberal times are hard times.

  • @KASLCustoms
    @KASLCustoms 10 หลายเดือนก่อน +1

    Well said my friend 👍

    • @Nanaimore
      @Nanaimore  10 หลายเดือนก่อน

      Finish your basement.

  • @derekrequiem4359
    @derekrequiem4359 10 หลายเดือนก่อน +1

    I'm your neighbor down south, it sounds like you guys are having the same problems as us. At least we can all suffer together! 🙃

    • @Nanaimore
      @Nanaimore  10 หลายเดือนก่อน

      Howdy Neighbour 👋🏻

  • @deanpritchard9215
    @deanpritchard9215 10 หลายเดือนก่อน +1

    Would like to know what the past subsidy details looked like. Was this a below market interest rates for purchasers?, price subsidy? Wondering how the subsidy made it into the benefit of the property owner not miney hungry builders/developers. Kind of like the heat pump grants, the mechanical companies just raised their prices to balance out the economics

  • @thomasdarling2553
    @thomasdarling2553 10 หลายเดือนก่อน +2

    Spot on

    • @Nanaimore
      @Nanaimore  10 หลายเดือนก่อน

      Thanks for watching, and commenting!

  • @sylvainleclerc3785
    @sylvainleclerc3785 10 หลายเดือนก่อน +1

    Greed, Greed is why.

  • @albrunelle2022
    @albrunelle2022 10 หลายเดือนก่อน +2

    Watching this video is like watch a train wreck in slow motion

    • @Nanaimore
      @Nanaimore  10 หลายเดือนก่อน

      Thank you for watching and commenting. It means the world to me. Choo choo 🚂

  • @jaykay643
    @jaykay643 8 หลายเดือนก่อน

    Greed and speculation during the low rate era is when home prices more than doubled

    • @Nanaimore
      @Nanaimore  8 หลายเดือนก่อน

      Actually, that’s when the money supply increased more than ever in recent history. Currently, we are contracting the money supply, which is causing a lot of issues for people and affordability.
      I don’t want to be conspiratorial, but don’t blame your friends and family. Take a look at what the government is doing and it makes a lot more sense.
      Currently, the prices are symptom of the low supply that has been the primary issue in Canada.
      I really appreciate you taking the time to comment and share your opinion.

  • @fedorbutochnikow5312
    @fedorbutochnikow5312 10 หลายเดือนก่อน +1

    Forget about affordable housing units, forget the inflow of immigrants. The law prohibits the build and resale of owner-built properties across all of Canada! Manitoba took to the extreme, you can't sell for 10 years from your last owner sale. And getting licensed as a developer isn't possible for most people who are perfectly capable of building, neither can you double as a contractor, you must hire, you'd always be on the hook for paying into an elaborate building scheme, a slow cumbersome scheme that cannot catch up with demand. The solution is to ease overregulation, fast track inspections and the issuance of permits and amend rules pertaining to construction of new homes, non contractors can do as good of a job so long as codes are followed, that's what building codes are for! For profit non contractor housing has the potential to turn this mess around and supply the market with fresh builds to meet rising demand, otherwise future generations are forever F-ed.

    • @Nanaimore
      @Nanaimore  10 หลายเดือนก่อน +1

      You're right. I work for a few small builders (10-20 homes a year), and they constantly have to clear hurdles that make them want to avoid the entire industry. These are all family builders (fathers & sons) who have been doing it for generations and have lost their motivation due to red tape and inflated permit costs. I greatly appreciate you taking the time to comment and watch our video. Cheers

  • @blazsoldo5716
    @blazsoldo5716 10 หลายเดือนก่อน

    It’s simple math. If you do it you will find that there is a over supply of housing in Canada.
    They don’t mention the people that leave Canada, and the don’t mention that without immigration, Canada’s population would decrease. And the don’t mention that each home is occupied by more than 1 person. From google statistics Canada’s population increases by 0.5% each year 39milion x 0.005 equals 195,000 more people each year. 205,762 New homes are built each year. If 2 people live in each home, then there are over 100,000 more homes being built each year than is needed. Someone correct me if I am wrong.

    • @Nanaimore
      @Nanaimore  10 หลายเดือนก่อน +1

      The population grew 1,030,000 people in the first nine months of 2023.

    • @blazsoldo5716
      @blazsoldo5716 10 หลายเดือนก่อน

      ​@@Nanaimore “The population of Canada in 2023 was 38,781,291, a 0.85% increase from 2022. The population of Canada in 2022 was 38,454,327, a 0.78% increase from 2021. The population of Canada in 2021 was 38,155,012, a 0.7% increase from 2020.“
      This is a copy of a google results

    • @Nanaimore
      @Nanaimore  10 หลายเดือนก่อน +1

      @@blazsoldo5716check Statistics Canada 🇨🇦

    • @Nanaimore
      @Nanaimore  10 หลายเดือนก่อน

      @@blazsoldo5716 www150.statcan.gc.ca/n1/daily-quotidien/231219/dq231219c-eng.htm#