Die hohe Arbeitslosigkeit in Toronto und Bedenken hinsichtlich der Erschwinglichkeit behindern die Erholung des Immobilienmarkts, sagen Ökonomen
https://www.thestar.com/real-estate/torontos-high-unemployment-affordability-concerns-to-hinder-real-estate-recovery-economists-say/article_d8350edd-98ac-4461-9d12-0fc87a3cc6bf.html
11 Kommentare
shocker, prices of any commodity will go down if people are unable to purchase it with their earnings.
Real estate is recovering. It’s just recovering back to where it should be so that actual residents can afford to have homes to live in and not where the investors hoped it would go to allow them to flip for profit.
No jobs, no money for real estate. They need to remember this with AI.
Toronto was the fastest growing jurisdiction in all of North America for the last few years, it doesn’t take a rocket surgeon to figure out that is not a great situation for job hunters.
If people put their elbows up higher it should fix the problem. Also, blame Trump, its his fault..
It needs to crash, let it.
Until the real estate markets goes back pre 2015 prices, economy won’t flourish!
When people are spend 50-60% average of their salary on housing, how do you expect them to stimutale the economy?
Yet if you increase interest rates everything crashes and If you reduce interest rates prices sky rockets.
I the meantime, salaries stay the same or even decrease in many cases.
The key to the Canadian economy right now is housing, must go back to 30-40% average of someone’s salary.
Lower real estate = higher disposable income = spending into economy.
I might be wrong
re.. recovery? Is going back to commodity trading housing what they consider a recovery?
will trump use this as an excuse to invade canada saying canada needs new goverment
By real estate recovery, I hope you mean real estate returning to prices affordable to every Canadian.
These people seem to think that the tail should wag the dog. Economic health dictates housing prices – not the other way around. No matter how much all the beneficiaries of high housing prices wish it was the other way.