Re:Home ownership is the West’s biggest economic-policy mistake
by michael1999 on Tuesday April 20, 2021 @11:47AM
(#26876219)
The Toronto area consistently adds >100k people each year, and added a full mega-person in the last 5. We have never built units for 100k beds in any year in the last 20. Don't hold your breath.
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Re:Home ownership is the West’s biggest economic-policy mistake
by anthony_barker on Wednesday April 21, 2021 @12:40PM
(#26891971)
Immigration is a myth that real estate agents use to justify prices. Last year there were almost no immigrants and prices went up.
Consumer mortgage debt is directly correlated with housing prices in Canada. This plus constraints on permits for single family dwellings.
Drive around and have a look at some of the high end condo's at night - there are no lights on. Mostly dark.
The no capital gains and no inheritance tax loopholes in Canada will eventually be closed.
(https://www.worldometers.info/world-population/canada-popula...) percentage population growth 0.9% is very low based on historical standards.
Re:Home ownership is the West’s biggest economic-policy mistake
by FredPret on Tuesday April 20, 2021 @01:45PM
(#26877944)
I wonder how many beds are under construction right now. We may be only two out of that mega-person (lol) but we’re headed to a lake or another province within a year.
Condo rents have absolutely tanked, by the way