So flooding over a million newcomers a year into Canada isn’t going to require new roads, transit, schools, hospitals, sewer, water, electrical infrastructure which all costs way way more because of the inflationary printing of all the new money borrowed by Canada. Blame trudeau for this mess.
Years ago, before the Trudeau govt came to power, I was concerned about the rising cost of housing and the impact on our children's future. I wrote to our govt about the need to invest more money into public housing, instead spending tens of billions on 72 little F35 planes that really were not well suited to Canada's needs - and even less so today with better technology coming. Germany and the United States invest far more money than Canada into public housing. Rich countries invest in public housing! It doesn't lose value as compared to planes and other depreciable assets. So, I was actually happy to hear that Canada would invest in public housing. Until we get a government focused on supporting entrepreneurs and leading edge business and economic growth, we will need more public housing to help people out.
Another excellent video telling the truth Canadians desperately need to hear. As far as the government is concerned, don't pay attention to their words, pay attention to their actions.
When enough Canadian subjects wise-up, decide to act like CITIZENS, and vote Conservative to break the NDP-Liberal alliance and take back the federal government from these incompetent crooks.
I think that's part of the problem in Canada. It seems there's a "minister" for just about every aspect of Canadian society to tax, regulate, subsidize, and micromanage. Most - *most* - aspects of Canadian society can self-regulate just fine if left to private industry & the free market. There will be periodic highs & lows but these are natural market fluctuations. Just by the very essence of what the Liberal party has been doing since 2015, it has only created economic bubbles.
Fed gov just shut down incentive programs for carpenters coming March 2025. If they wanted more homes built they would either maintain programs that get more trades trained or ramped up incentives to push ticketed trades.
Long ago when my local fed politician was campaigning for "Affordable Housing", I asked what that meant. The short answer was that it was not about home ownership.
2. Taxing home equity in Canada could potentially lead to a significant increase in properties coming onto the market, with estimates suggesting up to 4 million homes could be listed for sale over the next seven years. There are currently rumors circulating within the real estate industry regarding this possibility. #Canada #Realestate #Realtor #Canada
I think all buyers should pause their plan for buying until there is not a single house that gets sold for continuous 6 months. And we wll will get our dream homes in half the price from the current. I am prospective buyer in GTA and I am going to put my plan on pause
The market determines all, which is nothing more than demand & affordability. High costs of land, materials, labour, services and all the red tape doesn't equal cheap housing. Companies/people invest on expected returns, and no one intentionally builds at a loss. Density is the future.
I don’t think anyone realizes what a 40% reduction in house prices would mean. If that was to happen, house prices would not be more afforadable. It would mean a massive depression. No jobs, no money. Survival just trying to eat. Collapse of industry. It would mean 5 year recession where everyone walks away from their mortgage. Flood of houses, no buyers. When I was young houses of course looked unaffordable. I had to get a roommate ect. A starter house was 3-4x my income. Similar today in the reasonable cities. Just few cities have ran away.
Griesbach pronounced grees-bok, is the old married quarters portion of the the old airborne regiment base, it’s been leased to a rental company that turned it into a low income housing development for the last 20 years. Basically no change, just who’s name is on the sign out front and another empty promise.
Jon, I had a conversation with Adam Vaughan, when he was a downtown city councillor, about housing in downtown Toronto and his commentary was shockingly short sited. This was back in 2006 FFS. We were discussing plans for Regent park and Atkinson coop, and the broader city development plan. The basic overall idea was, we are building tens of thousands of condos in the next 10-15 years and under 1% of these were going to be family units. They had no plan for families, except for families who wanted to go into public housing. Those people were getting "affordable" townhouses because the gov't was paying for it. So affordable to the city means public housing where taxpayers build housing for people who will pay a fraction of the costs. And this ends up being a money pit forever. They fight small low rise condos on the mains streets, they completely block 4 storey stacked townhouses on 90% of downtown side streets.... They just have no plan.
So you have a train, 100 cars long. The people in First Class want to go REALLY fast, so they decouple the last 99 cars and off they go! The 99 start to drop way behind. At some point, the First Class passengers realize that they NEED the people in the other 99 cars. In order to re-couple the train, either the First Class car needs to slow down and resume pulling ( since it has the engine) or the 99 cars need to speed up. Neither is ever going to happen because First Class wont and the rest can't. It was always going to end this way. As a Boomer, I got off at the last station so don't care.
All three levels are guilty, but the feds set immigration numbers, to be fair Ford also supports higher numbers to fill his developer buddies rip off condos, the root cause of the housing crises. It’s called supply and demand, and overpopulation. Just recently the feds have discussed scaling back, finally…
Searching for hope. Single. No increase in wages. Job market tough. Tax increases. Everything increases. Thought I was makign a decent wage lol. What to do. May the God's be with us. Where are people moving to from Canada? Let me know .....lol
affordable housing, another 40% fall in house prices and a sustainable interest rate, Bought a triplex in1981 power of sale for 35K interest rates 5 year was 12% Oshawa Ontario.
Here in London they were talking about the houses prices. And the average selling price is $620,000. 1 gentleman didn't see the issue between that pricing. Where are the two Ellen gentlemen in the room were saying that's just outrageous do you have any idea how much money somebody needs to make to afford that house. It was $148,000 a year. That's like what roughly both parties need to make at least 36 an hour. Play that song affordability at all
@@solitairecat1 My wife knows a family that got approved for a $600,000 house in they both only made 16 bucks an hour... And this is like 2019 like does anybody have a soul
@@andrewvader9077 If you consider this situation in its entirety, everyone is negatively impacted. Young adults can't afford to buy their first home, middle aged and senior home owners can't afford repairs, property taxes and insurance, which have increased in cost along with necessities like food, vehicles and fuel. It cost around $200k to build our house in 1999. We got a quote to replace the original vinyl siding, and it was almost $80k. We decided to hold off on doing the whole job, and replace areas that have deteriorated from sun exposure. Our first house in the late 80's cost $70K. I pray things get better, but I'm not holding my breath.
Is that there's an investor side to this. And the thing is is that when you look at a stock and people look at the earnings ratio and what they make you'll notice that people are parking enormous amount of money in a company that has no business having that much money. And you can look at our housing market is the exact same way where there's a lot of money laundering people faking their incomes and income ratio is over 10 times the medium income. And it doesn't help when you have grandparents or parents buying their children their houses it's just adding to the problems. And so what needs to happen is you need all those investors to lose their faith and money in those houses and start selling. Because it's considered a speculative acid and Canadians buy houses as an investment. Like Americans buy stocks as an investment or Canadians is all into the housing. Which it sounds like a good idea but you don't want to put all your eggs in one basket but when the investors step in with way more money and leverage this is where things get blown out of the water
@@andrewvader9077 Around the time of the plandemic, they printed more money which diluted the value of our money, including our earnings because it caused inflation. This money largely went right into the real estate market, pretty much doubling the value of residential real estate overnight. It wasn't that investors suddenly decided to invest in residential real estate. It was like people had lost their minds. They believed that the interest rates would stay low, and real estate would continue to increase in value by up to 10% annually. Neither of these were reasonable assumptions given interest rates had never been so low, and in the 80's had spiked up to +20%, and wages couldn't support increases of $100's of thousands in home prices. I'm not sure what the way is out of this mess. Maybe these investors losing $100's of thousands, and that money being removed from circulation?
The only things to bring down housing prices is a major economic crash or exceptionally high interest rates for an extended time. Neither of which will happen anytime soon.
It’s government’s income, it will never crash considerably, maybe stagnant for a couple of years at best, if it actually crashed means economy is going down with it in a serious recession.
And the cycle is due. Read Ray Dalio, it's an inevitable cycle and government has prevented it from naturally happening every 7ish years so now you'll get a massive one.
Problem is Canada's gdp is so tightly coupled with real estate that if it crashes almost whole Canadian economy going to collapse, so it's not in government's favor to let the collapse happen. 😅 I am really not sure what lies ahead but just hold on to your jobs, businesses this too shall pass although a hard landing aftrr recession will do the required detox of Canadian economy.
It'll collapse into Conservative leadership. That's what the setup is looking like. Then we hear decades of Liberals jerking on how jobs are at all time lows, people are handing keys to bank at record numbers... Blame Conservatives.
Government raising steel tariffs. Homes will be MORE expensive to build. Only a fool would think they are trying to make homes more affordable at this stage.
Jon, I’m a long time listener and am also from Niagara. Looking at welland/NF/Fort Erie/st Catharines. Currently in beamsville in 2 br, rent 1500/mo. Does it make sense to move my family into a house? No debt and I have 20%+ to put down. Wait or no? Thanks!
The federal government has zero clout on housing if the provincial government does NOT go along. To state that housing is federal responsibility is incorrect. Neither is monetary policy set by the federal government. There are two markets...one is for people seeking a roof over their head and the other is for those who see their home as an investment. The first group is where the federal government seeks to help with lease land housing ( successful lease land housing can be seen in Singapore).The second group is for the private developers to cater to. Private developers do not build affordable homes; they seek max profits. A long term lease of 99 years is more than adequate to house one generation. Think of it as a long term rental. Since the government owns the land, this also reduces investors interest in such housing. I would suggest reading about the successful public housing (lease) in Singapore to see why the federal government plan could work. If the provincial government does not go along, the federal government should do it alone since Canadians don't see the provincial government as responsible for anything, except booze sale.
Don't fool yourself into buying a detached house in GTA, thinking it is easy to be maintained. The whole cost can go easy, $10,000. I'm not saying that as a realtor, don't buy it. I'm just saying to make sure you can afford it. Like a luxury car with very expensive maintenance.
For starters, the new Liberal tariffs on Chinese steel are going to increase the cost of building condos. Add in the carbon taxes on each and every input, and the cost of bringing these supplies to the job site. Obviously, Canada is in a recession and Canadians may not be able to qualify for mortgages in that scenario in any case. Lower inflation and interest rates are more a reflection of a challenged economy rather than anything positive.
@@barrybrand2970 where do you think we get most if not all of our hospital equipment that will keep your racist ass alive God forbid something happens to you. You keep drinking that MSM Kool-Aid before your choke.
It's ironic to me in my recent travels that the housing minister represents Central Nova Scotia. I was just in Halifax for a week and the very first thing I noticed entering downtown was the shocking volume of tent encampments. Not unlike most Canadian cities I suppose but much worse than typical. I don't think I'll go back there. At the same time you see social workers in their hi-vis vests delivering hot take-out meals, piles of full water bottle cases stacked up outside tents, more porta-potties than in the actual parks. I don't get it, we're a modern prosperous country and we accept this? It was Hamilton levels of bad except this is a major tourist hub of our Country. My point is where's the housing for these people Sean? That's your neighbouring Liberal riding. And why are seemingly nice, caring people put into dangerous outreach roles that only enables this cycle to continue? It's so backwards and sad it's enough to make you cry just driving down University Ave in Halifax. I wouldn't suggest walking it. Get it together Canada.
Nothing has happened in Canada, the United States, the United Kingdom, Australia, New Zealand and on and on. This isn’t a political problem. It’s a free market problem. This will not change no matter who you vote for. Let’s take up the conversation in 12 months, 24 months, 36 months or 100 months. How much you wanna bet.
Lazer focused on being landlords, the government will be in every facet of our lives, this is a bad idea it's time to vote this frat boy ideology out of Ottawa.
This argument has been debunked. Most people want to go to the GTA, GVA, GMA, and those places are overpopulated, high cost of housing, traffic, ect. Worse than many European cities.
Yes but big urban centres where most want to live are overpopulated and overpriced, over congested, worse than many European cities. So cold northern empty arctic space means nothing…
Hilarious, the Calgary location for this affordable housing in Currie, Calgary is down the street from homes for sale going for $1000/sqft I'm sure paying that kind of cash, you'd love this going on. 😂
Why does Canada need half a million people a year in new immigratns? This has been happening for the past 9 years as the liberals opened the door wide open. If they reduce the immigrants by 40% in the next 9 years, it will be huge help to houseing market
We need immigration because we're facing population collapse due to fertility rates of around 1.8 children per woman, and we need to be at 2.1 to sustain a population. The Government knows this and wants/needs to keep the taxes income up
@@JPH4886who cares? Maybe when we face extinction we will start having more kids. Just because the tax revenue isn’t replaced doesn’t mean we need more migrants. Governments need to make due with less
I have decided to give up the idea of owning a home again. I sold in 2019 after making a good sum, and then the pandemic mania hit, and prices doubled. Unless there is a major crisis, the prices will continue to be unreasonable for the foreseeable future. However, the government has completely stopped immigration and many countries that send students no longer trust Canada. At least immigration cannot be blamed for the overpriced housing
I told you in the past on this channel. 50% drop in prices is not coming 10% 15 % ok big deal. This is why housing you need to get in as soon as possible Or you will be priced out completely
@@jonflynn ok and what do you think Houses will go then. Ok keep thinking this. We will soon be 60 % renters nation. That s where the government wont help
Don't underestimate the hole this govt has dug for us with all the immigration. This recession we are entering will be measurable to the early 80s. Inflation was at its worse in 78, rates went way up around 80, rates went down within a couple years. Real estate had a 15 or so percent dip around 82, followed by a full DECADE of flat prices. Oh ya, guess who was the PM back then? I bought my house in 1996 for 128k, the fellow I bought it from paid 112k in 1981. That's what we are in for.
Priced out completely.. you must be trolling. It will never get to that. Real estate happens in cycles. There's highs and there's lows. If it gets too expensive which is happening now. People will eventually stop buying and move on to other things in life. Long term people will lose interest in housing. Then the government and banks will again incentivize people to buy houses again. It was only 16 years ago you can get a house with 0 down-payment. That's how the banks were incetivizing people to get into the market. Thats how my parents got into the market.
Being absorbed by the US might be our best case scenario at this point. Kinda like moving back in with your parents after you failed to make your own way.
The plan is that the middle class takes the social housing and the lower classes get a camping suite in the nearest park. This is the pessimistic me. Hopefully prices go down by about 50%.
I have watched the evolution of class structure in Canada. I can't say for sure but my guess is that the only time the distribution of wealth and property favoured the so-called 'middle-class' was in the decade following WWII. Over the years, I have watched as more and more Canadians were priced out of housing ownership and into basement rentals. As far as I can tell, it is only getting worse - not better, and governments are basically powerless to stop it - because a) they will not pass any laws that limit the wealthy and b) they will not tax the wealthy. All that's left is 'dialogue' and maketing slogans. I fear it is going to take a catastrophe to actually change anything.
🎉🎉Prime Minister Trudeau is absolutely winning. He has entered Canada into a booming economy for the first time since 2005. Canada economy ranks 3rd fastest growth in G20 countries 2024. Canada is the 1st safest country to travel 2024. Canada has the 1st strongest budget balance rankings among the G20 countries 2023 and 2024 will be more better. Canada is the #3 best country for Quality of Life 2023.
So flooding over a million newcomers a year into Canada isn’t going to require new roads, transit, schools, hospitals, sewer, water, electrical infrastructure which all costs way way more because of the inflationary printing of all the new money borrowed by Canada. Blame trudeau for this mess.
Years ago, before the Trudeau govt came to power, I was concerned about the rising cost of housing and the impact on our children's future. I wrote to our govt about the need to invest more money into public housing, instead spending tens of billions on 72 little F35 planes that really were not well suited to Canada's needs - and even less so today with better technology coming. Germany and the United States invest far more money than Canada into public housing. Rich countries invest in public housing! It doesn't lose value as compared to planes and other depreciable assets. So, I was actually happy to hear that Canada would invest in public housing. Until we get a government focused on supporting entrepreneurs and leading edge business and economic growth, we will need more public housing to help people out.
Another excellent video telling the truth Canadians desperately need to hear. As far as the government is concerned, don't pay attention to their words, pay attention to their actions.
Thanks for the comment
Absa frekin lutely watch what they do not what they say.. gov and bloomberg
Canada is dead. No future in this country. Just leave if you can.
The government has no intention of ever leaving Canadians the ability to build equidy ever again
All part of the communist revolution.
Ive heard them say we are laser focused so many times its unbelievable there other sayings once in a generation, never before seen all bs
I am laser focused on getting a new hotplate for my Trudeau town tent before winter sets in.
Pretty much at this point
KUDOS !!!!!!! 👍
Thank you so much
such a great vid to
share. 🙏
Glad you enjoyed it!
When the actual fuck are things going to turn around in this country?
Trudeau Must Go. That's the starting point, not guaranteed.
When enough Canadian subjects wise-up, decide to act like CITIZENS, and vote Conservative to break the NDP-Liberal alliance and take back the federal government from these incompetent crooks.
Trudy and the LIEberals won't. PIERRE POILIEVRE WILL. CONSERVATIVES 💯
when people wake the fuck up..
You won't wanna hear this, but we need to get out of the big cities. It doesn't look like the Canada we grew up in anymore.
Everything old is new again!! 😂😂 Keep your foot on their necks John!! Well done 😊
Future is bright for young canadians.......
and probably fire hot!
Thank you for that simple truth . They are lying
Thanks for watching
Rinse, Repeat and Recycle.
If it's not a federal responsibility then why is there a Housing Minister at the Federal Level??? 🤣🤣🤣
Good point
I think that's part of the problem in Canada. It seems there's a "minister" for just about every aspect of Canadian society to tax, regulate, subsidize, and micromanage. Most - *most* - aspects of Canadian society can self-regulate just fine if left to private industry & the free market. There will be periodic highs & lows but these are natural market fluctuations. Just by the very essence of what the Liberal party has been doing since 2015, it has only created economic bubbles.
Laser focused! Wow. That's super special.
Building houses for Canadians I will support. But building for illegals I will never support. Canada first.
Fed gov just shut down incentive programs for carpenters coming March 2025. If they wanted more homes built they would either maintain programs that get more trades trained or ramped up incentives to push ticketed trades.
Or people that want to be tradespeople can just ya know be tradespeople.
“Government is the shadow that corporations cast over their work force.” - after John Dewey
Thanks John... keep the feet on the fire..... still have that hole in the ground in niagara....
You bet
I like the Monopoly board analogy 👍
Awesome thanks
Long ago when my local fed politician was campaigning for "Affordable Housing", I asked what that meant. The short answer was that it was not about home ownership.
Good analogy using monopoly!!
Thanks
You don’t have to buy, you can rent for life. Rent is so cheap in Canada.
2. Taxing home equity in Canada could potentially lead to a significant increase in properties coming onto the market, with estimates suggesting up to 4 million homes could be listed for sale over the next seven years. There are currently rumors circulating within the real estate industry regarding this possibility.
#Canada #Realestate #Realtor #Canada
I wouldn’t doubt it. The liberal government will definitely do it if they get re-elected which is highly unlikely unless they fix things somehow
I think all buyers should pause their plan for buying until there is not a single house that gets sold for continuous 6 months. And we wll will get our dream homes in half the price from the current. I am prospective buyer in GTA and I am going to put my plan on pause
The market determines all, which is nothing more than demand & affordability. High costs of land, materials, labour, services and all the red tape doesn't equal cheap housing. Companies/people invest on expected returns, and no one intentionally builds at a loss. Density is the future.
I don’t think anyone realizes what a 40% reduction in house prices would mean.
If that was to happen, house prices would not be more afforadable.
It would mean a massive depression. No jobs, no money. Survival just trying to eat. Collapse of industry.
It would mean 5 year recession where everyone walks away from their mortgage. Flood of houses, no buyers.
When I was young houses of course looked unaffordable. I had to get a roommate ect. A starter house was 3-4x my income. Similar today in the reasonable cities. Just few cities have ran away.
3-4x my salary would be 440k. Look up a 440k house in Niagara. They don't exist and if they do they're in a horrible condition
Griesbach pronounced grees-bok, is the old married quarters portion of the the old airborne regiment base, it’s been leased to a rental company that turned it into a low income housing development for the last 20 years. Basically no change, just who’s name is on the sign out front and another empty promise.
They're tearing down 500 affordable units to redevelop into unaffordable units (Canada Lands Company, a federal Crown corporation)
You will sell cheaply to Blackrock and be happy with it it's happening
Love the Monopoly analogy
Jon, I had a conversation with Adam Vaughan, when he was a downtown city councillor, about housing in downtown Toronto and his commentary was shockingly short sited. This was back in 2006 FFS.
We were discussing plans for Regent park and Atkinson coop, and the broader city development plan. The basic overall idea was, we are building tens of thousands of condos in the next 10-15 years and under 1% of these were going to be family units. They had no plan for families, except for families who wanted to go into public housing. Those people were getting "affordable" townhouses because the gov't was paying for it.
So affordable to the city means public housing where taxpayers build housing for people who will pay a fraction of the costs. And this ends up being a money pit forever.
They fight small low rise condos on the mains streets, they completely block 4 storey stacked townhouses on 90% of downtown side streets.... They just have no plan.
So you have a train, 100 cars long. The people in First Class want to go REALLY fast, so they decouple the last 99 cars and off they go! The 99 start to drop way behind. At some point, the First Class passengers realize that they NEED the people in the other 99 cars. In order to re-couple the train, either the First Class car needs to slow down and resume pulling ( since it has the engine) or the 99 cars need to speed up. Neither is ever going to happen because First Class wont and the rest can't. It was always going to end this way. As a Boomer, I got off at the last station so don't care.
Good analogy
All three levels are guilty, but the feds set immigration numbers, to be fair Ford also supports higher numbers to fill his developer buddies rip off condos, the root cause of the housing crises. It’s called supply and demand, and overpopulation. Just recently the feds have discussed scaling back, finally…
Searching for hope. Single. No increase in wages. Job market tough. Tax increases. Everything increases. Thought I was makign a decent wage lol. What to do. May the God's be with us. Where are people moving to from Canada? Let me know .....lol
affordable housing, another 40% fall in house prices and a sustainable interest rate, Bought a triplex in1981 power of sale for 35K interest rates 5 year was 12% Oshawa Ontario.
I agree
Sell me your triplex for 40% below market rate. I got cash 😂😂😂😂
Yes. they are. Because housing price has peaked and prices are coming down for the next decade, maybe more. Get used to it,
Here in London they were talking about the houses prices. And the average selling price is $620,000. 1 gentleman didn't see the issue between that pricing. Where are the two Ellen gentlemen in the room were saying that's just outrageous do you have any idea how much money somebody needs to make to afford that house. It was $148,000 a year. That's like what roughly both parties need to make at least 36 an hour. Play that song affordability at all
4x earnings is pretty steep. Definitely pay a lot of interest over 30 years. Prices need to fall by 50%.
@@solitairecat1
My wife knows a family that got approved for a $600,000 house in they both only made 16 bucks an hour... And this is like 2019 like does anybody have a soul
@@andrewvader9077 If you consider this situation in its entirety, everyone is negatively impacted. Young adults can't afford to buy their first home, middle aged and senior home owners can't afford repairs, property taxes and insurance, which have increased in cost along with necessities like food, vehicles and fuel.
It cost around $200k to build our house in 1999. We got a quote to replace the original vinyl siding, and it was almost $80k. We decided to hold off on doing the whole job, and replace areas that have deteriorated from sun exposure. Our first house in the late 80's cost $70K.
I pray things get better, but I'm not holding my breath.
Is that there's an investor side to this. And the thing is is that when you look at a stock and people look at the earnings ratio and what they make you'll notice that people are parking enormous amount of money in a company that has no business having that much money. And you can look at our housing market is the exact same way where there's a lot of money laundering people faking their incomes and income ratio is over 10 times the medium income. And it doesn't help when you have grandparents or parents buying their children their houses it's just adding to the problems. And so what needs to happen is you need all those investors to lose their faith and money in those houses and start selling. Because it's considered a speculative acid and Canadians buy houses as an investment. Like Americans buy stocks as an investment or Canadians is all into the housing. Which it sounds like a good idea but you don't want to put all your eggs in one basket but when the investors step in with way more money and leverage this is where things get blown out of the water
@@andrewvader9077 Around the time of the plandemic, they printed more money which diluted the value of our money, including our earnings because it caused inflation. This money largely went right into the real estate market, pretty much doubling the value of residential real estate overnight. It wasn't that investors suddenly decided to invest in residential real estate.
It was like people had lost their minds. They believed that the interest rates would stay low, and real estate would continue to increase in value by up to 10% annually. Neither of these were reasonable assumptions given interest rates had never been so low, and in the 80's had spiked up to +20%, and wages couldn't support increases of $100's of thousands in home prices.
I'm not sure what the way is out of this mess. Maybe these investors losing $100's of thousands, and that money being removed from circulation?
The only things to bring down housing prices is a major economic crash or exceptionally high interest rates for an extended time. Neither of which will happen anytime soon.
This is about the Wealthy( WEF), Black-rock. World wile
Affordable real estate is right around the corner
It’s government’s income, it will never crash considerably, maybe stagnant for a couple of years at best, if it actually crashed means economy is going down with it in a serious recession.
So no more recessions
And the cycle is due. Read Ray Dalio, it's an inevitable cycle and government has prevented it from naturally happening every 7ish years so now you'll get a massive one.
Not about the housing its about legal , opportunistic land grab, -- doesn’t matter if a house is ever built. they have the land.
what is affordable ? 1980s prices?
2014 prices
Problem is Canada's gdp is so tightly coupled with real estate that if it crashes almost whole Canadian economy going to collapse, so it's not in government's favor to let the collapse happen. 😅 I am really not sure what lies ahead but just hold on to your jobs, businesses this too shall pass although a hard landing aftrr recession will do the required detox of Canadian economy.
It'll collapse into Conservative leadership. That's what the setup is looking like.
Then we hear decades of Liberals jerking on how jobs are at all time lows, people are handing keys to bank at record numbers... Blame Conservatives.
Government raising steel tariffs. Homes will be MORE expensive to build. Only a fool would think they are trying to make homes more affordable at this stage.
The times change, the lies stay the same
if someone doesn't let the market correct and get back to reality things will only get worse we are getting sold the long way out if it ever will
Love watching the Liberals in panic mode. What's next? Fire up the 2000 a month for every single Canadian again? 😂
Playing you like fools since covid
Yep
Since 1867
Since Covid? I have some news for you...
Does one need to be an environmentalist to appreciate the value of a greenspace in Toronto??
I don’t think so
What building is that behind you?
Just a made up one
summary: there has never been any planning, decsion are based on manage the crisis
Jon, I’m a long time listener and am also from Niagara. Looking at welland/NF/Fort Erie/st Catharines. Currently in beamsville in 2 br, rent 1500/mo. Does it make sense to move my family into a house? No debt and I have 20%+ to put down. Wait or no? Thanks!
Your monthly housing expense would more than double so I wouldn’t be in any rush if I were you.
That’s what I estimated too. Thanks 🙏🏻
The federal government has zero clout on housing if the provincial government does NOT go along. To state that housing is federal responsibility is incorrect. Neither is monetary policy set by the federal government.
There are two markets...one is for people seeking a roof over their head and the other is for those who see their home as an investment. The first group is where the federal government seeks to help with lease land housing ( successful lease land housing can be seen in Singapore).The second group is for the private developers to cater to. Private developers do not build affordable homes; they seek max profits.
A long term lease of 99 years is more than adequate to house one generation. Think of it as a long term rental. Since the government owns the land, this also reduces investors interest in such housing.
I would suggest reading about the successful public housing (lease) in Singapore to see why the federal government plan could work. If the provincial government does not go along, the federal government should do it alone since Canadians don't see the provincial government as responsible for anything, except booze sale.
Don't fool yourself into buying a detached house in GTA, thinking it is easy to be maintained. The whole cost can go easy, $10,000. I'm not saying that as a realtor, don't buy it. I'm just saying to make sure you can afford it. Like a luxury car with very expensive maintenance.
I have seen through these clowns since 2015……..sunny ways ……total disaster!!!!
Funny, how housing WAS (relatively) affordable back in 2015.
Crazy I was living in powell river and left 18 months ago, the price drop there has been steep
Cheap homes Re coming once the stock market crashes and we go through a period of bust.
Yep
Not gonna happen stagflation for the next 5 years if your waiting for a crash have fun to
Heard that one before. 😂😂😂
You will own nothing and be happy
All of the locations in the mapping tool for NS are shite holes... who in their right mind would want to invest in those areas.
The market is completely stalled the cost for building and permits are skyrocketing
Guess the prices will have to drop. No buyers
Where we where?
I wonder when they'll be starting on getting food to a level where people can eat healthy again.
We’re not even close to that point, we’re still getting more unhealthy.
Won't be the first time they're lying. It's their business to lie constantly
For starters, the new Liberal tariffs on Chinese steel are going to increase the cost of building condos. Add in the carbon taxes on each and every input, and the cost of bringing these supplies to the job site. Obviously, Canada is in a recession and Canadians may not be able to qualify for mortgages in that scenario in any case. Lower inflation and interest rates are more a reflection of a challenged economy rather than anything positive.
Are you kidding I would not want to be 100ft in the air depending on communist quality steel, give you head a shake.
@@barrybrand2970 where do you think we get most if not all of our hospital equipment that will keep your racist ass alive God forbid something happens to you. You keep drinking that MSM Kool-Aid before your choke.
@@barrybrand2970Chinesium fails easier.
It's ironic to me in my recent travels that the housing minister represents Central Nova Scotia. I was just in Halifax for a week and the very first thing I noticed entering downtown was the shocking volume of tent encampments. Not unlike most Canadian cities I suppose but much worse than typical. I don't think I'll go back there. At the same time you see social workers in their hi-vis vests delivering hot take-out meals, piles of full water bottle cases stacked up outside tents, more porta-potties than in the actual parks. I don't get it, we're a modern prosperous country and we accept this? It was Hamilton levels of bad except this is a major tourist hub of our Country. My point is where's the housing for these people Sean? That's your neighbouring Liberal riding. And why are seemingly nice, caring people put into dangerous outreach roles that only enables this cycle to continue? It's so backwards and sad it's enough to make you cry just driving down University Ave in Halifax. I wouldn't suggest walking it. Get it together Canada.
Let some refugees into your home 😂😂😂
Nothing has happened in Canada, the United States, the United Kingdom, Australia, New Zealand and on and on. This isn’t a political problem. It’s a free market problem. This will not change no matter who you vote for. Let’s take up the conversation in 12 months, 24 months, 36 months or 100 months. How much you wanna bet.
Lazer focused on being landlords, the government will be in every facet of our lives, this is a bad idea it's time to vote this frat boy ideology out of Ottawa.
The government wants to be your landlord, they are doing their best to drive small landlords out of the market.
Canada the second largest land mass country in the world....40 million population....
This argument has been debunked. Most people want to go to the GTA, GVA, GMA, and those places are overpopulated, high cost of housing, traffic, ect. Worse than many European cities.
Yes but big urban centres where most want to live are overpopulated and overpriced, over congested, worse than many European cities. So cold northern empty arctic space means nothing…
Cmhc with their rainbow roof 🤣
Hilarious, the Calgary location for this affordable housing in Currie, Calgary is down the street from homes for sale going for $1000/sqft
I'm sure paying that kind of cash, you'd love this going on. 😂
Why does Canada need half a million people a year in new immigratns? This has been happening for the past 9 years as the liberals opened the door wide open. If they reduce the immigrants by 40% in the next 9 years, it will be huge help to houseing market
We need immigration because we're facing population collapse due to fertility rates of around 1.8 children per woman, and we need to be at 2.1 to sustain a population. The Government knows this and wants/needs to keep the taxes income up
@@JPH4886 Population of 2.1 subtract 1.8 does not translate to half a million people per year. Our population increasing more than all G7 countries.
@@JPH4886who cares? Maybe when we face extinction we will start having more kids. Just because the tax revenue isn’t replaced doesn’t mean we need more migrants. Governments need to make due with less
Of course, they aren't. Why would anyone think they were? There is NOTHING that comes out of JT's mouth that is true.
Canadians wake up!
Can't they are too busy working to pay the mortgage lol
I've been saying that since the Plandemic. Remember, people were willing to inject themselves with a foreign genetic substance.
@@nunol1554 If we woke up earlier, the mortgage would've been lower and we wouldn't have to work so much to pay for it!
@@CorporateShill66well if you’re awake then take action instead of crying on TH-cam 😂
everyone in BC... please vote conservative this election. the BC NDP need to be replaced asap and the conservatives have a shot at winning this one!!
Good choice
"... this program is being administered by CMHC with the rainbow roof here ..." - the best line EVER!!!! 🤣🤣🤣🤣
Thank you Jon!
I have decided to give up the idea of owning a home again. I sold in 2019 after making a good sum, and then the pandemic mania hit, and prices doubled. Unless there is a major crisis, the prices will continue to be unreasonable for the foreseeable future.
However, the government has completely stopped immigration and many countries that send students no longer trust Canada. At least immigration cannot be blamed for the overpriced housing
it's a lie that the immigration stopped! don't b naive.....aeroports are full with indians still coming in like a burst pipe
I’ll bet 20 Indian students are in your old house right now
NEVER!
@@apprenticephil649 i won't stink my house for any money
Society has created and supported all the issues in canada consuming at any price...loving their personal debt
I told you in the past on this channel.
50% drop in prices is not coming 10% 15 % ok big deal.
This is why housing you need to get in as soon as possible
Or you will be priced out completely
I don’t agree, I just know the government isn’t able to help.
@@jonflynn ok and what do you think
Houses will go then.
Ok keep thinking this.
We will soon be 60 % renters nation.
That s where the government wont help
@@Relaxlifeisshort2If we're 60 percent renters then who are the buyers going to be to keep the prices so elevated?
Don't underestimate the hole this govt has dug for us with all the immigration.
This recession we are entering will be measurable to the early 80s. Inflation was at its worse in 78, rates went way up around 80, rates went down within a couple years.
Real estate had a 15 or so percent dip around 82, followed by a full DECADE of flat prices.
Oh ya, guess who was the PM back then?
I bought my house in 1996 for 128k, the fellow I bought it from paid 112k in 1981.
That's what we are in for.
Priced out completely.. you must be trolling. It will never get to that. Real estate happens in cycles. There's highs and there's lows. If it gets too expensive which is happening now. People will eventually stop buying and move on to other things in life. Long term people will lose interest in housing. Then the government and banks will again incentivize people to buy houses again. It was only 16 years ago you can get a house with 0 down-payment. That's how the banks were incetivizing people to get into the market. Thats how my parents got into the market.
I'm not worried, the lines on a map are drawn in sand, Canada most likely won't even be a country in my lifetime. 2100 or less
I can’t disagree with this. It’s likely past the tipping point.
The 1 world government of the N W O is coming!
Being absorbed by the US might be our best case scenario at this point.
Kinda like moving back in with your parents after you failed to make your own way.
Label each gov your bitching about more specficaly ....canadians constantly .....easily forgeting the constitution
The plan is that the middle class takes the social housing and the lower classes get a camping suite in the nearest park.
This is the pessimistic me.
Hopefully prices go down by about 50%.
And the new Canadiens get the new housing.
Sell your house for 50% less. I’ll wait 😂😂
I have watched the evolution of class structure in Canada. I can't say for sure but my guess is that the only time the distribution of wealth and property favoured the so-called 'middle-class' was in the decade following WWII. Over the years, I have watched as more and more Canadians were priced out of housing ownership and into basement rentals. As far as I can tell, it is only getting worse - not better, and governments are basically powerless to stop it - because a) they will not pass any laws that limit the wealthy and b) they will not tax the wealthy. All that's left is 'dialogue' and maketing slogans. I fear it is going to take a catastrophe to actually change anything.
The government is lying to us? You've got to be joking? That's a very cynical comment.
Good for all landlord haters now they have a reliable Fed Govt to build much required housing inventory 😂
Man your entire narrative has been about the crash coming and now it seems you've flipped the script to its not coming at all
You obviously didn’t watch the video
I know someone who lied about housing you who said 6 months ago that houses would drop 50% in 12 months tik toc.
🎉🎉Prime Minister Trudeau is absolutely winning. He has entered Canada into a booming economy for the first time since 2005. Canada economy ranks 3rd fastest growth in G20 countries 2024. Canada is the 1st safest country to travel 2024. Canada has the 1st strongest budget balance rankings among the G20 countries 2023 and 2024 will be more better. Canada is the #3 best country for Quality of Life 2023.
I’m pretty sure the majority of Canadians disagree with you
Booming economy?! For federal jobs.
How much do get paid to manipulate and lie to people?
Jon the propagandist tapping into peoples genuine frustration to drive youtube views. You should be ashamed of yourself really
I’ll quit when all the news stations quit doing it