Hypothekenschulden steigen, während Einsteigerhäuser für viele Kanadier außer Reichweite geraten | Globalnews.ca
Mortgage debt soars while starter homes get out of reach for many Canadians
Hypothekenschulden steigen, während Einsteigerhäuser für viele Kanadier außer Reichweite geraten | Globalnews.ca
Mortgage debt soars while starter homes get out of reach for many Canadians
21 Kommentare
Is there such a thing as a „starter“ home anymore?
Unpopular opinion, but I would introduce an incentive for elderly to live in condos. Maybe a condo fee subsidy that takes care of cleaning, maintenance, and landscaping. The catch is they must sell their current homes at fixed prices. Some will do the math and not take it but others will take the convenience and luxury lifestyle. Meaning the ones that sell at fixed prices cause comparables to drop, meaning high prices fall. The price of houses is based on what’s last sold. The laws must stay strict to prevent foreign buyers and corporations from buying, and prioritize young families.
Ok my thoughts are out. I’m sure someone will tell me how wrong and stupid a person I must be.
Thank the trudeau and his sage senior economic advisor since 2020, the carney, for this mess.
A special shout out to all those people who voted for more of this failed govt…..
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Yeah, no shit. Does anybody here? Think this is not being done by design yet our government liberal or conservative has sailed us down the river and the boomer generation is a huge part to play with it too. You shouldn’t have to make 200 grand a year to be able to live.
I’m ready for the bubble to burst, so many have been priced out of the market.
I bought a “starter house” 10 years ago. Now the current starter houses aka townhomes are the same price as my house was a decade ago. The next step up is too expensive for us to afford. So we will remain in our starter house for the foreseeable future.
I love how news continually ignores how rent has an impact on would be house buyers.
My friend in America got a huge house for $300k USD. It doesn’t even look close to a starter home.
While starter home in Montreal cost $450k
This is what a decade under the liberals gets you. Keep voting liberal and soon that can down by the river will be out of reach.
Building at speeds not seen since ww2!
Our starter home will be a $1.5 million dollar place.
We started saving so long ago and never felt there was anything worth buying at the lower priced homes. So we just kept on saving lol now we have more than enough for a 25% downpayment on a $1.5m home.
We MAY keep saving so who knows maybe we will have 30-35% eventually. We probably will buy when we’re close to having a kid in another 1-2 years.
I think a lot of people may be doing this. Once you get used to renting a decent place at a good price, why not just keep saving for a home you actually want.
Are prices high yes. But data indicates that average prices nation wide are going down.
[Here is a link from trading economics that sources The Canadian Real Estate Association (Crea) ](https://tradingeconomics.com/canada/average-house-prices)
That house pricing is coming down. The progress may not be what it was like previously but hopefully we can continue this trend to make housing affordable for all Canadians
I swear I read a canadian article a few days ago about how house prices are crashing and younger people can now afford them again
There hasn’t been start homes for over a decade
They ain’t going to kill the market till all the boomers are in retirement homes or dead.
Thats the voting base. If we were smart anyone below boomers would be extremely political and vote. 🗳️.
Why are these facts and studies at odds with that the government is telling us about our economy?
How strange.
Mortgage debt continues to soar while starter homes get even further out of reach for many Canadians.
It’s sad that the Canadian economy is built on housing. We are doomed, just look at the mid to late 90’s in the states and wait for 2008 to happen.
I don’t know where this is happening because in my city (victoria) real estate has been stagnant for a few years now. Even come down slightly. I know the same is for Ontario
I think we can all agree that the most important thing is that wages dont increase. If they did things would get more expensive and people couldnt afford stuff…
/s