this is unsustainable and small business will suffer as ppl have less to spend on anything other than rent and basics to live. Disgusting cost of living
@@shauncameron8390 So workers have to risk everything to start a new business competing with big names built up for decades to potentially earn enough income to afford basic necessities? Might as well go broke
@@ME-xc1st Well, since they think they should own the means of production, yes! The big names risked everything just to get to the position of being big-named as they started from nothing.
Wow, so this is news now? This has been the issue for many years. Now they are building more condos in Lower mainland away from Vancouver. People are moving further from Vancouver (Abbotsford/Chilliwack). The rent in those areas that use to be cheaper, is now par with city rent because of supply and demand. So now it is hard to find a job because there are so many people applying. There will be a shortage of schools when most of these apartments open. There will be limited daycare. The crisis is here and has been here. If the goal is push low income earners to the curb, its happening.
It doesn’t matter how many housing they build at the end of the day there always be some greedy clown landlord, trying to take all your money. They need to abolish housing as an investment vehicle.
@@shauncameron8390 listen good. Landlords perpetuate a housing crisis, by holding housing hostage under the threat of homelessness and taking away your dignity. Any landlord who paid off their mortgage is not like they’re gonna cut the rent. It’s 100% profit, plus the government approval to raise rents a certain percentage every year. The deck is stacked against the renter the house always wins, corporate rule reigns over our lives. Until they eliminate housing as an investment vehicle, and make it a human right, this will never stop.
@@shauncameron8390 when you’re a landlord you’re ruling over someone right to a roof over their head and their right to freedom and dignity. When you ask someone for more than the recommend percentage for rent, you’re the tyrant, you’re robbing people of their freedom and dignity. That’s what being a landlord is.
And about one year and a half ago,And me and my family are paying our rented ground level 3 bedroom unit in a home/house for $1,200.00 monthly rent that increased to $1,350.00.And later on,And we were forced --- out to moved by our Indo --- Canadian homeowner on August 2022 when he sold the house that we are renting for almost 7 years to a Southeast Asian/Chinese investor.And once we found another ground level two bedroom unit that was connected or attached to a big house or mini --- mansion,And the owner of the house that we are renting charged us a whopping $2,600.00 a month rent.And that's how expensive it is to live in Metro Vancouver's regional home city of Richmond ( Island City,by Nature ),British Columbia.
Homes may be mass produced at low cost. There is little reason to custom build a basic, single-storey home. This process may be automated to produce panels that fit together that are insulated, wired and plumbed. Wall panels fasten together and into a floor panel that contains all of the utilities to form rooms. Infrastructure that comprises a residential base with water, electricity, and sewer connections contained within are constructed beforehand to serve the needs of a city on which homes are erected. Imagine, ordering a home on Amazon for fifteen thousand dollars and being able to assemble it within an hour that has double or triple the space of a million-dollar apartment with features such as an embossed ceiling that add a whole new dimension to luxurious living. The floor contains all of the utilities, heating, ventilation, air conditioning, wiring, plumbing, water and drainage. Then it is merely a matter of plugging in vertical panels into the floor to form the outer walls and space for living-room, bedrooms, closets, kitchen and bathroom. This floor is the "mother floor-board" from which all utility connections rise upwards from the floor into vertical wall panels. No utility lines connect horizontally between vertical panels. Sinks, toilets and shower head are attached to wall panels that also plug into the floor. Wall panels that are possibly 4’x8’ or one meter by three meters are made from a composite plastic material mass produced in an automated process. Panels that comprise the floor are one meter by fifteen meters with the panel at the edge containing utility lines. A ceiling is set on top of the walls. The roof is a convex panel that fits on top of and plugs into the outer walls. It is also possible that with this waterproof plastic material each individual room has a bubble dome roof/ceiling with pipes in the walls that drain into the base. LED lights are built into the top edge of a wall panel while an electrical outlet is near the bottom. Thus, the entire home is made by inserting vertical wall panels into the floor panel that rests on top of and is connected to the city infrastructure slab base. It is not inconceivable that this single-storey home with one, two or three bedrooms be assembled and ready to move into within an hour or two of the kit being delivered. Of course, this will never happen. Keep dreaming. It will take China to lead the way and transform housing from the nineteenth century tailor-made suit concept into ready-to-wear off the rack homes that cost $15,000/$5,000,000 = 0.003 of the present cost of a home in Vancouver. The flaw in this analysis: Citizens may not utilize the land resource that was _not_ promised to them in the presently cozy arrangement, functioning like a monopoly with monopoly prices that shunts their lifetime earnings exacted through shelter directly into the pockets of the chosen few making them rich without effort while after a lifetime of hard work residents are left to die homeless on the street.
At this time if you still insist to live by yourself it is actually around 60% unless you decide to have a roomate . the government has a big role in this NOT having invested in affordable housing for a country that bring so may immigrants and students . Plus AIRBNB that is another issue .
Yeah! Let's build MORE! Our "economy" will skyrocket, as will labor demands, and that means....MORE PEOPLE to take up all that housing, and increase demand, and increase prices, and so on, and so on, and so on...TO INFINITY, AND BEYOND!!!!!
Probably great for the economy, think about how much harboured wealth it creates for boomers, then they keep it circulating by spend 5 put of your 2000 dollars at the cafe you work at
@@CanadaC116 Not just any people but well-to-do people.. Case in point: Detroit. Try operating a city with no tax base as half of the population are illiterate and most either work for or depend on government for a living.
this is unsustainable and small business will suffer as ppl have less to spend on anything other than rent and basics to live. Disgusting cost of living
it's modern slavery, the workers end up with nothing and the owners get to leach off of everything
We should just all act our wage
@@ME-xc1st
Workers are free to start their own business if they don't like it.
@@shauncameron8390 So workers have to risk everything to start a new business competing with big names built up for decades to potentially earn enough income to afford basic necessities? Might as well go broke
@@ME-xc1st
Well, since they think they should own the means of production, yes! The big names risked everything just to get to the position of being big-named as they started from nothing.
Thanks Justin.
Keep bringing in 1 million people a year and most of the country will be spending 80% of their income on rent.
Pierre won’t stop immigration
@@BC_GeoffMaybe, maybe not
@@centuryhousegames733 He will not, the Conservative's business buddies need the cheap labour
That’s only a small fraction of the problem. The real enemy are in fact politicians, corporations and private equity.
Wow, so this is news now? This has been the issue for many years. Now they are building more condos in Lower mainland away from Vancouver. People are moving further from Vancouver (Abbotsford/Chilliwack). The rent in those areas that use to be cheaper, is now par with city rent because of supply and demand. So now it is hard to find a job because there are so many people applying. There will be a shortage of schools when most of these apartments open. There will be limited daycare. The crisis is here and has been here. If the goal is push low income earners to the curb, its happening.
It doesn’t matter how many housing they build at the end of the day there always be some greedy clown landlord, trying to take all your money. They need to abolish housing as an investment vehicle.
Do you want government to also tell you what to eat and wear?? Government causes more issues .
The landlords are not the problem. Taxes make up a lion's share of the rent.
@@shauncameron8390 listen good. Landlords perpetuate a housing crisis, by holding housing hostage under the threat of homelessness and taking away your dignity. Any landlord who paid off their mortgage is not like they’re gonna cut the rent. It’s 100% profit, plus the government approval to raise rents a certain percentage every year. The deck is stacked against the renter the house always wins, corporate rule reigns over our lives. Until they eliminate housing as an investment vehicle, and make it a human right, this will never stop.
@@shauncameron8390 when you’re a landlord you’re ruling over someone right to a roof over their head and their right to freedom and dignity. When you ask someone for more than the recommend percentage for rent, you’re the tyrant, you’re robbing people of their freedom and dignity. That’s what being a landlord is.
Keep it in mind that is PRIVATE property. Sense of entitlement makes you a communist!
And about one year and a half ago,And me and my family are paying our rented ground level 3 bedroom unit in a home/house for $1,200.00 monthly rent that increased to $1,350.00.And later on,And we were forced --- out to moved by our Indo --- Canadian homeowner on August 2022 when he sold the house that we are renting for almost 7 years to a Southeast Asian/Chinese investor.And once we found another ground level two bedroom unit that was connected or attached to a big house or mini --- mansion,And the owner of the house that we are renting charged us a whopping $2,600.00 a month rent.And that's how expensive it is to live in Metro Vancouver's regional home city of Richmond ( Island City,by Nature ),British Columbia.
The government must relocate them to Arctic and let them build an igloo for free.
Homes may be mass produced at low cost. There is little reason to custom build a basic, single-storey home. This process may be automated to produce panels that fit together that are insulated, wired and plumbed. Wall panels fasten together and into a floor panel that contains all of the utilities to form rooms. Infrastructure that comprises a residential base with water, electricity, and sewer connections contained within are constructed beforehand to serve the needs of a city on which homes are erected. Imagine, ordering a home on Amazon for fifteen thousand dollars and being able to assemble it within an hour that has double or triple the space of a million-dollar apartment with features such as an embossed ceiling that add a whole new dimension to luxurious living.
The floor contains all of the utilities, heating, ventilation, air conditioning, wiring, plumbing, water and drainage. Then it is merely a matter of plugging in vertical panels into the floor to form the outer walls and space for living-room, bedrooms, closets, kitchen and bathroom. This floor is the "mother floor-board" from which all utility connections rise upwards from the floor into vertical wall panels. No utility lines connect horizontally between vertical panels. Sinks, toilets and shower head are attached to wall panels that also plug into the floor. Wall panels that are possibly 4’x8’ or one meter by three meters are made from a composite plastic material mass produced in an automated process. Panels that comprise the floor are one meter by fifteen meters with the panel at the edge containing utility lines. A ceiling is set on top of the walls. The roof is a convex panel that fits on top of and plugs into the outer walls. It is also possible that with this waterproof plastic material each individual room has a bubble dome roof/ceiling with pipes in the walls that drain into the base. LED lights are built into the top edge of a wall panel while an electrical outlet is near the bottom. Thus, the entire home is made by inserting vertical wall panels into the floor panel that rests on top of and is connected to the city infrastructure slab base. It is not inconceivable that this single-storey home with one, two or three bedrooms be assembled and ready to move into within an hour or two of the kit being delivered.
Of course, this will never happen. Keep dreaming. It will take China to lead the way and transform housing from the nineteenth century tailor-made suit concept into ready-to-wear off the rack homes that cost $15,000/$5,000,000 = 0.003 of the present cost of a home in Vancouver.
The flaw in this analysis: Citizens may not utilize the land resource that was _not_ promised to them in the presently cozy arrangement, functioning like a monopoly with monopoly prices that shunts their lifetime earnings exacted through shelter directly into the pockets of the chosen few making them rich without effort while after a lifetime of hard work residents are left to die homeless on the street.
It would be comical till you realize the average down payment in the lower mainland is $150,000😅😮
Tents?
Life in Canada is not easy to survive most of people are struggling to survive and expect to increase houses prices every year.
60% pre tax, post taxes most people it's more like 75%
You live in the world you vote for
let's not kid ourselves.
people do their cost benefits analysis.
they are still here because living here is still better than their next best option.
That's ok !
Vancouver is Such a Beautiful place to live !
4 million of immigrants and fake visa students into country. What do you think that would impact housing?
At this time if you still insist to live by yourself it is actually around 60% unless you decide to have a roomate . the government has a big role in this NOT having invested in affordable housing for a country that bring so may immigrants and students . Plus AIRBNB that is another issue .
Air BnB is one of the consequences of rent control.
Question "What can I do?" Answer Move??
Yeah! Let's build MORE! Our "economy" will skyrocket, as will labor demands, and that means....MORE PEOPLE to take up all that housing, and increase demand, and increase prices, and so on, and so on, and so on...TO INFINITY, AND BEYOND!!!!!
That's a high price to pay!
Nah. It's just a small price to pay to live in the big city.
What's that saying? BC is the best place to live?
Desirability doesn't mean that prices should reflect it.
Betterdwelling stats say its 105% of income in vancouver so what gives?? Whos lying here?!?
B.C residents have to put all the British people in jail first if they want cheap housing
30 percent more to go
We will own nothing and we will be happy 😂
Just wait until that number is 160 percent next month.
trudeau's solution, bring 1 million more immigrants in 2024! SMART! pls vote LIBERAL. landlord propser!
Different day, same news story
Nothing new I always spent 60% or so for at least a decade it’s now it’s a bit more
The best part is when landlords furnish their apartment then kick you out and steal you security deposit to repair the things they say you broke
That is crazy 0:22
And this is how capitalism finally implodes.
Not really. Sorry to break it to you but housing is not a right just like living in the most popular/trendy/expensive city isn't. Pay up or move out!
Probably great for the economy, think about how much harboured wealth it creates for boomers, then they keep it circulating by spend 5 put of your 2000 dollars at the cafe you work at
Who works 6 8 hours a day? I've always worked 60 70 80 hours a week my whole life . Spoiled.
What an absolute joke.
Color me Shocked. NOT!
Move out of Vancouver you poors.
Move to cheaper place, or get a better job.
Or manage what you have better.
buy a house then
No one can force you to be there, you chose to be there so stop complaining about your choices
@@CanadaC116
Not just any people but well-to-do people.. Case in point: Detroit. Try operating a city with no tax base as half of the population are illiterate and most either work for or depend on government for a living.