CdnFox Posted October 4, 2023 Report Posted October 4, 2023 https://archive.ph/9FHya Investment in single-family homes is down 36 per cent, semi-detached houses declined by 27 per cent, and apartment buildings cratered by 19 per cent. “The Bank of Canada estimates that the worst impacts of rate increases take two years to hit the housing sector and the housing sector is the main vehicle for rate hikes to hit the economy,” said David Macdonald, senior economist and report author. “Right now, it has been 18 months since the first rate increases, but most of the bigger rate increases have occurred in the past 12 months — so the worst is yet to come.” Because it takes five to 10 years between the initial planning phase and new builds coming to market, there will be a significant shortfall of much-needed housing in the future, he said, which will have “real life” consequences for those who need housing. Quote
CdnFox Posted October 4, 2023 Author Report Posted October 4, 2023 Basically kids today are EFFED. If you don't own a home or aren't about to inheret one outright you're screwed. our housing is nosediving at the same time our population is skyrocketing. It will take decades to fix this. And it's not over yet. We have almost 3 more years of this nonsense before there's even a chance of getting someone in who could START to reverse it. What's going to happen when today's youth and immigrant children from all over the world suddenly have NO housing options? Because that's precisely where we're heading with a LARGE hunk of even the middle class not being able to afford it. Quote
eyeball Posted October 5, 2023 Report Posted October 5, 2023 5 hours ago, CdnFox said: What's going to happen when today's youth and immigrant children from all over the world suddenly have NO housing options? There'll always be options and enforcement will be futile. Quote A government without public oversight is like a nuclear plant without lead shielding.
CdnFox Posted October 5, 2023 Author Report Posted October 5, 2023 1 hour ago, eyeball said: There'll always be options and enforcement will be futile. We're already seeing a little of that - will 'mobile cites' become the new norm? Small caravans of motor homes and trailers seting up shop in an area or a rest stop area or the like and staying there till they've basically trashed the place and then moving on to the next one? Quote
Michael Hardner Posted October 5, 2023 Report Posted October 5, 2023 7 hours ago, eyeball said: There'll always be options and enforcement will be futile. Population is dropping... And I have a feeling Poilievre is going to propose cutting immigration. Economically, it's not going to be a good idea but it will be popular. The fact is that our systems can't cope, and people see that. Quote Click to learn why Climate Change is caused by HUMANS Michael Hardner
OftenWrong Posted October 5, 2023 Report Posted October 5, 2023 (edited) The government could throw money at it, use the tax surplus they're getting to offset the cost. Increase the national debt but it can be recovered in time. If we can afford to give away billions to a war, we can afford to build housing for our own. Ironically several countries are calling to change course on immigration for exactly the reasons given in this thread. Canada's leadership quick to jump in on matters that are politically stylish but not smart enough to determine what's truly right for ourselves and our future. Or for immigrants, for that matter. This does not help them either. Edited October 5, 2023 by OftenWrong Quote
QuebecOverCanada Posted October 5, 2023 Report Posted October 5, 2023 Got to make sure the prices say sky high by reducing supply as much as possible, while increasing demand substantially. This way the working class will happily work past 67 years of age to pay their mortgage. Quote
Moonbox Posted October 5, 2023 Report Posted October 5, 2023 2 hours ago, Michael Hardner said: Population is dropping... And I have a feeling Poilievre is going to propose cutting immigration. Economically, it's not going to be a good idea but it will be popular. The fact is that our systems can't cope, and people see that. This is one of his proposals that actually makes sense. 500,000 immigrants per year is ridiculous for a country our size. We have already have upwards of 1,000,000 students and temporary workers, and nowhere to house them. There are good things and bad things about immigration and the math is full of trade-offs. Trudeau and his government live in a fantasy world where the problematic issues with excess immigration are not only not being planned for or mitigated, but ignored altogether as if they don't exist. 1 Quote "A man is no more entitled to an opinion for which he cannot account than he does for a pint of beer for which he cannot pay" - Anonymous
CdnFox Posted October 5, 2023 Author Report Posted October 5, 2023 3 hours ago, QuebecOverCanada said: Got to make sure the prices say sky high by reducing supply as much as possible, while increasing demand substantially. This way the working class will happily work past 67 years of age to pay their mortgage. They're in no danger of getting a mortgage at this rate. I'm not sure there'll be anywhere for them to rent. Quote
WestCanMan Posted October 5, 2023 Report Posted October 5, 2023 Maybe this is why the MSM is letting Trudeau tank: they can see this trainwreck coming and they want a conservative gov't to be left holding the bag when the country is tanking hard. They could be putting out polls that say "Trudeau is just groovy" right now if they wanted - it's what they always do - but now they're basically saying "Elect Poilievre". Build a bunker. Quote If CNN gave an infinite number of monkeys an infinite number of typewriters, leftists would believe everything they typed. If you missed something on the Cultist Narrative Network, don't worry, the dolt horde here will make sure everyone hears it. Kamala didn't get where she is because of her achievements or anything that came out of her mouth.
CdnFox Posted October 5, 2023 Author Report Posted October 5, 2023 8 minutes ago, WestCanMan said: Maybe this is why the MSM is letting Trudeau tank: they can see this trainwreck coming and they want a conservative gov't to be left holding the bag when the country is tanking hard. They could be putting out polls that say "Trudeau is just groovy" right now if they wanted - it's what they always do - but now they're basically saying "Elect Poilievre". Build a bunker. Well at the end of the day they do like to make money. Only the CBC continues to prop up the liberals when it's not profitable to do so Everyone's mad at trudeau right now so it's profitable to put in stories that feed on that. Before when it was profitable to blame foreign investors for our housing woes because that's who everyone hated then those were the stories that showed up. At the end of the day ALL news media is clickbait one way or another. The cbc doesn't care about profit and only wants to keep the libs in power so they don't run stories like this nearly as much. they only run them enough to be able to give the appearance of not being ENTIRELY a propaganda tool for the libs in the hopes it'll help keep PP from defunding them. Quote
WestCanMan Posted October 5, 2023 Report Posted October 5, 2023 Just now, CdnFox said: Everyone's mad at trudeau right now so it's profitable to put in stories that feed on that. Do you honestly feel like Canadians just got mad in the last few weeks though, or is it a case where it's finally time to acknowledge that Canadians are mad at him? What did he do recently... Accuse the Indian gov't of killing Nijjar... Is that it? Is that so bad if there's strong enough evidence that it's true? Is that really what people are suddenly pissy about? He has insulted India before - he told them that they "need to talk to their peaceful protesters" right before he trampled our own, and he invited a terrorist to one of their official state dinners. They have hated him almost as long as I have. He also insulted Japan. He tried to give WE almost a billion dollars just so that they could continue lavishing money on his mom and brainwashing kids. He axed a hundred thousand jobs in Alberta and then created a bill to get SNC Lavalin out of trouble, and fired JWR for not using it, just to save 5,000 Quebec jobs. There's been a lot of hatred for a long time. The MSM just pretended there wasn't. Quote If CNN gave an infinite number of monkeys an infinite number of typewriters, leftists would believe everything they typed. If you missed something on the Cultist Narrative Network, don't worry, the dolt horde here will make sure everyone hears it. Kamala didn't get where she is because of her achievements or anything that came out of her mouth.
eyeball Posted October 5, 2023 Report Posted October 5, 2023 30 minutes ago, WestCanMan said: There's been a lot of hatred for a long time. The MSM just pretended there wasn't. There's deep widespread dissatisfaction with governments and politicians virtually everywhere on the planet. You're a hard-boiled partisan however so it's only when the other guy/team is in charge that you're dissatisfied. Quote A government without public oversight is like a nuclear plant without lead shielding.
PIK Posted October 5, 2023 Report Posted October 5, 2023 (edited) 7 hours ago, Michael Hardner said: Population is dropping... And I have a feeling Poilievre is going to propose cutting immigration. Economically, it's not going to be a good idea but it will be popular. The fact is that our systems can't cope, and people see that. Births have crashed since 2015. All thanks to Justin. Can't afford to buy a home or eat. But hey, as long as he gets his quarter million dollar ski trips to Colorado, he's happy. And yes we need to curb immigration to clean up the mess. And enough of the certain few countries that supply most of them. We are quickly heading to 3rd world status. Edited October 5, 2023 by PIK Quote Toronto, like a roach motel in the middle of a pretty living room.
CdnFox Posted October 5, 2023 Author Report Posted October 5, 2023 (edited) 1 hour ago, WestCanMan said: Do you honestly feel like Canadians just got mad in the last few weeks though, or is it a case where it's finally time to acknowledge that Canadians are mad at him? Oh i don't think it's 'all of a sudden all at once'. I think it's been a slow build. But that's because of WHY they're mad. Sure he's done a bunch of stupid things but he did stupid things before and he still had support. But now people are getting hungry and afraid. Every month inflation is higher, even if the inflation rate stays the same it still means prices are going up. Renting is barely affordable and for many consumes half their income. That makes them angry and scared and as they become more angry and scared the crap justin pulls becomes less and less acceptable. And they get more and more frustrated with his inaction and furious over the constant gaffes and scandals. 1 hour ago, WestCanMan said: What did he do recently... Accuse the Indian gov't of killing Nijjar... Is that it? Is that so bad if there's strong enough evidence that it's true? Is that really what people are suddenly pissy about? well....and invited a nazi to parliament for snacks and awards, the inflation rate is shooting up again, housing went up in cost again, our trade relationship with india is shot and we're looking like the weaklings out of the deal - our military has nothing but we're buying weapons for other countries while our own people go hungry, and more importantly it's what he DIDN'T do which was propose any meaningful solution to any of this. Quote He also insulted Japan. He tried to give WE almost a billion dollars just so that they could continue lavishing money on his mom and brainwashing kids. He axed a hundred thousand jobs in Alberta and then created a bill to get SNC Lavalin out of trouble, and fired JWR for not using it, just to save 5,000 Quebec jobs. Sure - but that wasn't this week. That was LAST week Quote There's been a lot of hatred for a long time. The MSM just pretended there wasn't. Sure a lot of people weren't happy with him. Lets remember he did not win the popular vote in either of the last two elections - and going into the last one he had majority polling till people thought about what he did. But - sadly a lot of voters don't care until their lives are impacted. It's like people who never do mainenance on their car and then when it breaks down they're furious at their 'bad luck'. So now that every month the financial pressures go up a little more, NOW they're paying attention and they're angry and scared - they'er suddenly listening to the experts who are saying "he's screwed this up to the point where it will be decades to fix", and suddenly they realize they've effed up badly. That's why they're "suddenly" mad. Edited October 5, 2023 by CdnFox 1 Quote
WestCanMan Posted October 5, 2023 Report Posted October 5, 2023 8 minutes ago, CdnFox said: Oh i don't think it's 'all of a sudden all at once'. I think it's been a slow build. But that's because of WHY they're mad. Sure he's done a bunch of stupid things but he did stupid things before and he still had support. But now people are getting hungry and afraid. Every month inflation is higher, even if the inflation rate stays the same it still means prices are going up. Renting is barely affordable and for many consumes half their income. That makes them angry and scared and as they become more angry and scared the crap justin pulls becomes less and less acceptable. And they get more and more frustrated with his inaction and furious over the constant gaffes and scandals. well....and invited a nazi to parliament for snacks and awards, the inflation rate is shooting up again, housing went up in cost again, our trade relationship with india is shot and we're looking like the weaklings out of the deal - our military has nothing but we're buying weapons for other countries while our own people go hungry, and more importantly it's what he DIDN'T do which was propose any meaningful solution to any of this. I just wish Canadians had more foresight. It's bizarre that they couldn't see this coming. He's always been an idjit and there's no cure for stupidity. Speaking of a lack of foresight, Biden is building a new border wall... A non-racist one though ? Didn't he cancel sections of Border wall that Trump already paid for, to the tunes of billion$? Quote If CNN gave an infinite number of monkeys an infinite number of typewriters, leftists would believe everything they typed. If you missed something on the Cultist Narrative Network, don't worry, the dolt horde here will make sure everyone hears it. Kamala didn't get where she is because of her achievements or anything that came out of her mouth.
CdnFox Posted October 5, 2023 Author Report Posted October 5, 2023 11 minutes ago, WestCanMan said: I just wish Canadians had more foresight. It's bizarre that they couldn't see this coming. A large percent believe incorrectly that elections don't matter and politics doesn't affect them and 'what's one more vote going to matter' etc. Proof that 50 percent of people are below average i'm afraid. Quote He's always been an idjit and there's no cure for stupidity. Sadly a lot of people can relate to that - it takes starving and being broke to wake them up. By then the damage is done. Quote Speaking of a lack of foresight, Biden is building a new border wall... A non-racist one though ? Oh good! Just like the First nations had that "GOOD" kind of slavery we're not supposed to be upset about Well done. Quote Didn't he cancel sections of Border wall that Trump already paid for, to the tunes of billion$? And chretien cancelled helicopters and cost billions and trudeau cancelled the new fighters and then wound up buying them for billions more, etc. Honestly - only the lefties can find a way to spend billions to get people to STOP doing something productive. Quote
herbie Posted October 5, 2023 Report Posted October 5, 2023 Do any of you know how much it costs to build a house these days? Sure as hell ain't $50 sq. ft. anymore. Permit costs are pushing $40K in large cities, there's a 5% GST on new homes and more Provincial sales and registration fees, BC has a 3% property transfer tax and even higher on the current values. Short of dropping the GST on new homes, regulating permit and provincial fees, speeding up issuing them and maybe re-introducing the Homesteaders Act, there ain't much Ottawa can do. Tack on that nobody wants to drop greenbelts and agricultural reserves, where is land in already developed area going to come from? There are solutions and like it or not the needed immigration will pressure us to see them and get the political will to DO them. Quote
WestCanMan Posted October 5, 2023 Report Posted October 5, 2023 5 minutes ago, herbie said: BC has a 3% property transfer tax and even higher on the current values. You must be building a nice little shack: you only pay 3% transfer tax on the portion over $2M https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax For most people, transfer tax is basically a bit under 2% on avg. Quote If CNN gave an infinite number of monkeys an infinite number of typewriters, leftists would believe everything they typed. If you missed something on the Cultist Narrative Network, don't worry, the dolt horde here will make sure everyone hears it. Kamala didn't get where she is because of her achievements or anything that came out of her mouth.
herbie Posted October 5, 2023 Report Posted October 5, 2023 Wow. You sure screamed over 2c a litre on gas. That was a typo on my part. New keyboard and I end up correcting every 3rd word I type. Only cost 1 % on my last 2 properties Quote
WestCanMan Posted October 5, 2023 Report Posted October 5, 2023 12 minutes ago, herbie said: Only cost 1 % on my last 2 properties So, under $200K..? Don't bother asking @CdnFox on a date: you can't afford that ass. 1 Quote If CNN gave an infinite number of monkeys an infinite number of typewriters, leftists would believe everything they typed. If you missed something on the Cultist Narrative Network, don't worry, the dolt horde here will make sure everyone hears it. Kamala didn't get where she is because of her achievements or anything that came out of her mouth.
OftenWrong Posted October 5, 2023 Report Posted October 5, 2023 7 hours ago, Moonbox said: This is one of his proposals that actually makes sense. 500,000 immigrants per year is ridiculous for a country our size. We have already have upwards of 1,000,000 students and temporary workers, and nowhere to house them. There are good things and bad things about immigration and the math is full of trade-offs. Trudeau and his government live in a fantasy world where the problematic issues with excess immigration are not only not being planned for or mitigated, but ignored altogether as if they don't exist. Such an anti-Liberal rant. Quote
CdnFox Posted October 5, 2023 Author Report Posted October 5, 2023 1 hour ago, herbie said: Do any of you know how much it costs to build a house these days? Yes, Quote Sure as hell ain't $50 sq. ft. anymore. True. But that's not the biggest challenge. Quote Permit costs are pushing $40K in large cities, there's a 5% GST on new homes and more Provincial sales and registration fees, BC has a 3% property transfer tax and even higher on the current values. true. and that is an issue for sure. Quote Short of dropping the GST on new homes, regulating permit and provincial fees, speeding up issuing them and maybe re-introducing the Homesteaders Act, there ain't much Ottawa can do. There is in fact much that they can do. And that would include but not be limited to pressuring provinces and municipalities to speed up their processes. In addition - the number one thing they could do tomorrow on top of making it cheaper and easier to build is limit immigration especially until our housing sector can spool up and build more. Quote Tack on that nobody wants to drop greenbelts and agricultural reserves, where is land in already developed area going to come from? That IS a problem. People say "oh there's land" and sure - but it's not worth it for the developers to take a risk by building faster there. There are solutions and like it or not the needed immigration will pressure us to see them and get the political will to DO them. Quote
eyeball Posted October 6, 2023 Report Posted October 6, 2023 6 hours ago, WestCanMan said: I just wish Canadians had more foresight. It's bizarre that they couldn't see this coming. People have seen dystopia coming for decades now. Where have you been? Quote A government without public oversight is like a nuclear plant without lead shielding.
eyeball Posted October 6, 2023 Report Posted October 6, 2023 6 hours ago, herbie said: Do any of you know how much it costs to build a house these days? Sure as hell ain't $50 sq. ft. anymore. It was less than that when I built our place, milled entirely out of beach-combed logs destined for Asia. Not the crap they often sell at your local Lumber Land. Anyhow that was a different time. I've recently heard up to $750 a sq ft in places on Vancouver Island. I fell over too. Quote A government without public oversight is like a nuclear plant without lead shielding.
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