Rents could exceed $7.5K in Vancouver, $5.6K in Toronto without massive spike in building: Study

[CdnFox]

Rents could exceed $7.5K in Vancouver, $5.6K in Toronto without massive spike in building: Study (yahoo.com)

It also serves as a call to action, pointing out just how much more construction is needed overall. “We need to build more and more,” Yönder told Yahoo Finance Canada in an interview, ”like six times at least” the current pace of new development.

“I think there is no government who could take this burden on its own,” Yönder said. “So you really need the capital markets” in the form of REITs, developers and investors, he says.

Just like it says,  the housing situation gets worse and worse if we don't build more homes and the gov't can't make that happen. 

our housing costs are not because of foreign investors, or because of big corporations buying up the rental market or anything else. It's simply a case of we do not build enough homes. And until we do nothing changes.

We have to incentivize the hell out of Developers to build homes at a vastly accelerated pace.

[Moonlight Graham]

Increase supply or lower demand.  The spike has been in demand, so they should focus on that most.  Or just let the speculator bubble burst and devastate the economy for several years.

[August1991]

I live in urban Montreal.

By some accounts, a 3 1/2 costs about Cdn 1800 dollars monthly rental.

The 1/2 is a full bathroom. The 3 is other rooms: bedroom, kitchen, living room.

About 90 sq m. in total

 

 

[CdnFox]

3 hours ago, Moonlight Graham said:

Increase supply or lower demand.  The spike has been in demand, so they should focus on that most.  Or just let the speculator bubble burst and devastate the economy for several years.

There's never going to be a speculator bubble at this rate. It's not speculation when lack of supplies what's driving up the cost. The prices will continue to rise unless either as you say supply or demand decreases

[sharkman]

How many immigrants have been admitted into Canada in the last 8 or 9 years?  It’s simple math, this whole problem is a result of what our federal government has been doing.  The question is, why? 

I don’t know if this is true, but I heard their  goal is to bring Canada’s population up to 100 million.

Edited October 11, 2024 by sharkman

[NAME REMOVED]

2 hours ago, sharkman said:

How many immigrants have been admitted into Canada in the last 8 or 9 years?  It’s simple math, this whole problem is a result of what our federal government has been doing.  The question is, why? 

I don’t know if this is true, but I heard their  goal is to bring Canada’s population up to 100 million.

That is why the Conservatives would win a clear majority if an election were held today.  It is undoubtedly going to be the biggest election issue, and the Liberals have dug their own grave by admitting over 3 million people into Canada since the beginning of 2022. 

It's unsustainable, and the party will not recover from this horrible decision for at least 8 years.

[eyeball]

15 minutes ago, DUI_Offender said:

It's unsustainable, and the party will not recover from this horrible decision for at least 8 years.

It'll all be PP's fault long before that.

Then what?

[CdnFox]

1 hour ago, eyeball said:

It'll all be PP's fault long before that.

Then what?

Then we blame harper .  (seems to work for the left, right?   )

[Mathieub]

And free for a lot of funny person.

[cannuck]

On 10/11/2024 at 11:32 AM, CdnFox said:

Then we blame harper .  (seems to work for the left, right?   )

I definitely blame Harper.   The 2 massive failures of his regime was not defunding CBC and not making immigration a #1 concern.   Fool for getting sucked into the "growth is good" BS.

I am delighted to see To and Van rent go through the roof.   Just what those shitholes deserve.

[CdnFox]

3 hours ago, cannuck said:

I definitely blame Harper.   The 2 massive failures of his regime was not defunding CBC and not making immigration a #1 concern.   Fool for getting sucked into the "growth is good" BS.

I am delighted to see To and Van rent go through the roof.   Just what those shitholes deserve.

I'll give you that not defunding the CBC thing, But he absolutely did make immigration a priority. And very successfully.

He oversaw the radical change in 2006 which led us away from the old system of just letting people in to our new points-based system which did make a huge difference. Studies showed very clearly that after those changes were made we started getting a lot more qualified individuals and the wage gap for the first generation closed considerably. On top of that despite the fact that it deniedt a lot of people entrance it was still wildly popular with immigrants who are already in Canada as well as other Canadians.

And it caused no problems. He didn't have people rioting in the streets or demanding the death of Canada or unable to find jobs or any of that crap. We had a modest number of immigrants and a modest number of refugees and it was easily handled by our systems.

It was Trudeau who threw all of that away. That was the big election issue in 2015 when that picture came out of that child who washed up on the shore and Trudeau ran around saying we could double or triple or even quadruple the number of immigrants and refugees and we have to or more children will die like this (que lighting in background, dramatic music)

We actually had one of the best systems in the world and all it needed was a little tweaking to be just about perfect. The foreign worker program got away from him a little bit for a while but he was already correcting that and resolving many of those issues. It was just in that F that up for us bringing in a million people a year instead of harper's 250,000. Now the system's broken

[cannuck]

On 10/15/2024 at 10:45 AM, CdnFox said:

I'll give you that not defunding the CBC thing, But he absolutely did make immigration a priority. And very successfully.

He oversaw the radical change in 2006 which led us away from the old system of just letting people in to our new points-based system which did make a huge difference. Studies showed very clearly that after those changes were made we started getting a lot more qualified individuals and the wage gap for the first generation closed considerably. On top of that despite the fact that it deniedt a lot of people entrance it was still wildly popular with immigrants who are already in Canada as well as other Canadians.

And it caused no problems. He didn't have people rioting in the streets or demanding the death of Canada or unable to find jobs or any of that crap. We had a modest number of immigrants and a modest number of refugees and it was easily handled by our systems.

It was Trudeau who threw all of that away. That was the big election issue in 2015 when that picture came out of that child who washed up on the shore and Trudeau ran around saying we could double or triple or even quadruple the number of immigrants and refugees and we have to or more children will die like this (que lighting in background, dramatic music)

We actually had one of the best systems in the world and all it needed was a little tweaking to be just about perfect. The foreign worker program got away from him a little bit for a while but he was already correcting that and resolving many of those issues. It was just in that F that up for us bringing in a million people a year instead of harper's 250,000. Now the system's broken

Thanks for the update, but I am afraid it was the foreign worker thing that sticks in my craw.  There are no words I can publish in a public place to say what I think of the Little Turd's immigration track record.

[CdnFox]

4 hours ago, cannuck said:

Thanks for the update, but I am afraid it was the foreign worker thing that sticks in my craw. 

Sure, and Fair critique. The Harper conservatives let that one get away from them And only partially resolve the issues before Trudeau took it over and went absolutely nuts with it

Quote

There are no words I can publish in a public place to say what I think of the Little Turd's immigration track record.

I think even people who supported it initially at this point of realized their mistake