Taking Stock - The cost of home ownership
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- เผยแพร่เมื่อ 25 ม.ค. 2024
- Guest: Should we be concerned that a giant U.S. investor is buying rental housing in Canada? Brian Doucet, Canada Research Chair in Urban Change and Social Inclusion, University of Waterloo
Guest: Are deep pocketed investors exactly what we need to build more housing? Mike Moffatt, Senior Director of Policy and Innovation, Smart Prosperity Institute
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The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.
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So many restrictions against the owners. What kind of protection do the landlords have when the mortgages go up, when all the costs related to owning a property goes up, but they are not allowed to raise the rent in order to cover for all those outside costs ?
ya the first guy is nuts, Canada particularly ontario has some of the strictest landlord rules in the world.
Trudeau and the Libs own this.
Canadians got the government they deserve. Congrats.
We don't want big companies, we don't want mom and pops and the Gov'ts have no desire to get back into the rental game. So where will the new supply come from?
Just stop immigration. Then u dont need housing
The already plentiful mom and pop owners.
9/10 boomers probably own 3 homes.
Housing market crash needed for canada to get quality of life back
You know if we had a border this would all be solved
Apartments that were going for $500 are now $1500 …..
What year is this guy from ?
I think he meant per room not the entire unit. He is right
Please keep covering the issue of need for tenant and rent protections.
Big Corporations buying residential properties seems to be problem.
Smaller investors (Ma, Pa) are being bullied by the tenants by not paying or asking for key money to vacate as the Tenant / Landlord Tribunal Courts are chocked causing major delays in resolution.
HOW DO YOU SOLVE THE HOUSING ISSUES IN EVERY MAJOR CITY?????
This is canada, you don't pay rent.
This is canada, you don't pay rent.
Bring in less people. You can’t keep vacancy rate sub 1% and expect rents to stay low. Until we get vacancy up above 4% can you then start up population growth again but the vacancy rate must be watched closely to never get this low again.
Can u please include montreal next time
The part that made me laugh. The most is when the guest said that we don’t want one company to dominate the market, while talking about One company dominating the market.
*Re: Rental Housing In Canada*
No introduced rent control laws will not be supported nor set forth by legislation. This is simply partisan and unwarranted. The consumer market place will determine the price points. Not government mandates introduced by activist politicians.
Regards -
I saw a condo listed in my region going from 320k to 300k. I was like ummm. let it fall! let ittt fall lalala 🍁I'll buy it at 270k. or less. If he needs the money that much, he'll accept a discount.
It's very funny how conspiracy theories become reality in a matter of 3 months
wow canadians selling out to american corporations tisk tisk time to support indigenous businesses and local work ethics
Adequate tenancy rights should have been implemented 40+ years ago. This country can’t even meet citizens’ most basic, fundamental rights and needs.
Nothing wrong with mega corporations buying residential properties? This is the end of home ownership when we allow monopolies. People will never compete with big money.
Last thing we want is the government getting involved in tenant landlord agreements. The rent is going high because everything else is going up including rate, tax, maintenance cost, and insurance.
Rent goes up because vacancy rate is too low from too much population growth.
Less government equals better public services. Remove government from most things is the best policy.
Tell that to ontarians poisoned from water during the Harris governments reduction. You can’t they been dead since the 90s
Lol. Government is the only one who can run something at a loss. Privatization without competition equals worse service at higher costs. Be cautious what you wish for.
It should be against the law for companies to buy homes
What about protecting landlords?
Protect landlords at the expense of all future generations for the rest of eternity into the future? Keep dreaming buddy
Get a grip on reality. The big bad Americans didn’t swoop into Canada and destroy housing affordability. We did it to ourselves. We made a playbook for unaffordable living long before this
I don’t hear anyone says protect the landlord. More Rental control is not working as seen by the spike in rent. We need more supply and commune policy changes.
Landlord's are a minority. Play a little violin
"Home" is not clearly defined. Is it a one bedroom or two bedroom condo, a townhouse, a semi-detached house or a detached house? Without clearly defining what a "home" is statistically, the statistics is meaningless, absolutely meaningless.
agree
Ridiculous. Who makes such high salaries...
This country is doomed with the RE obsession. Problems are caused by anyone buying up RE to make quick money. Tax RE gains to stop flipping and close the loopholes.
I can't believe what the UofW has become. This guy is pretty clueless.
RFOL good luck naive migrants and students 😂
It's Joke 🤣
Canada needs to support the individual landlords if we are that worried about big corporate landlords.
Cant wait to see what happens when more people keep coming into Canada and when interest rates start to come down. 🎉
$3,000 rents go to $5,000.
lol, yea let's tell the landloard how much they can charge for the condo they OWN lol. stupid
I think your country really needs to taxiate too rich people and give money to poorer people,
e.g. in the form of a basic income.
Greetings from Germany 🇩🇪