Der Markt für Eigentumswohnungen in Toronto befindet sich im freien Fall, sagt Bundeswohnungsminister
https://www.thestar.com/real-estate/toronto-condo-market-is-in-free-fall-federal-housing-minister-says/article_66c26722-1f22-4b28-bf95-3e98f2e02159.html
6 Kommentare
Housing speculation is no different than any other type of investment. Don’t gamble more than you can afford to lose, because returns are *not* guaranteed.
Maybe this will teach the greedy to keep their hands out of the market next time.
„But Robertson, a former mayor of Vancouver who became housing minister earlier this year, said the government instead needs to focus on non-market housing — which includes subsidized housing and co-ops.“
Canada definitely needs more affordable housing stock, but I’m becoming increasingly concerned with how much PMO is letting Gregor stickhandle this file. A Boomer with millions of dollars of properties saying market prices don’t need to fall then repeatedly indicating that the government’s focus will be on affordable housing (while the few promises on making homeownership more accessible don’t see movement) is just is not the comms this government should want. I really thought a Liberal like Carney would be more attuned to middle class aspirations for homeownership but I guess not?
1) Permission to start calling this the „AirBnB Bubble“
2) Absolutely start pumping out Co-ops. The idea of removing the profit-takers from the top of the housing ’system‘ is the first, biggest step to returning to affordability. The only chilling aspect is millions of people deciding how little they want to spend on maintaining their properties if it means keeping housing charges down. Source: live in a co-op.
I would hope govt doesn’t attempt to „financial tool“ investors out of this mess they got themselves in. If some people end up with a condo they can call their primary residence at an affordable price, that’s a win.
Glad he doesn’t really want to do anything about it. This was a bad investment. They should just have to deal with it.
Gen X and earlier millennials that are considered middle class now mostly have homes if they purchased 15 – 20 yrs ago. The generations after that are considered middle class don’t have the same opportunity with the cost of housing now.
Every generation since boomers have on average made less than their parents and that’s a big problem.