This was bound to happen, it just needs to keep dropping.
And as noticed earlier, we are seeing the impacts more heavily in Toronto and Vancouver and slowly starting to make its way to the the other regions. Good signs ahead, but also be aware, this will impact the economy negatively. Personally it is a needed cost for the benefit of the nation, hell housing becoming a depreciating asset might be good for this country. Shifting production to utility product rather than asset product.
ImNotGoogleLens on
more…..MORE!
pointgetter on
so up 100% in 10 years and down 5%? amazing.
AlternativeValue5980 on
Good. Homeownership has become unattainable for a huge swath of the Canadian population
Ban the sale of houses to corporations. Further restrict sale to foreign buyers. Significantly limit the number of houses an individual can own in one area. Heavily tax speculative behaviours like flipping. Allow rezoning for higher density properties like duplexes where it makes sense. Speed up approvals and cut red tape. Match immigration levels to new housing starts. Build more homes
DaiLoDong on
great, 2 years after I buy and this shit tanks lmfao
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Another promised kept.
This was bound to happen, it just needs to keep dropping.
And as noticed earlier, we are seeing the impacts more heavily in Toronto and Vancouver and slowly starting to make its way to the the other regions. Good signs ahead, but also be aware, this will impact the economy negatively. Personally it is a needed cost for the benefit of the nation, hell housing becoming a depreciating asset might be good for this country. Shifting production to utility product rather than asset product.
more…..MORE!
so up 100% in 10 years and down 5%? amazing.
Good. Homeownership has become unattainable for a huge swath of the Canadian population
Ban the sale of houses to corporations. Further restrict sale to foreign buyers. Significantly limit the number of houses an individual can own in one area. Heavily tax speculative behaviours like flipping. Allow rezoning for higher density properties like duplexes where it makes sense. Speed up approvals and cut red tape. Match immigration levels to new housing starts. Build more homes
great, 2 years after I buy and this shit tanks lmfao