The Official Toronto Discussion Thread

MikelArteta

MikelArteta

Moderator
Staff member
Supporter
Joined
Apr 30, 2012
Messages
252,236
Reputation
31,762
Daps
771,013
Reppin
Top 4
therewillbeboogienights said:
Regarding the housing crisis in Canada right now. I am just so confused as to how the government is gonna go about it.

First off, housing is ridiculously expensive due to foreign investors buying up property.

But that isn't even Canadians first concern considering wages have been stagnant forever now and if housing prices dropped most millennials will not be able to afford a home regardless.

Secondly, the solution of "just build more houses" doesn't work because ....

Lumber is a necessary element of construction and since the NDP completely decimated the lumber mills in BC and Ontario, we don't have the capacity to produce lumber like we once did. And building lumber mills/towns around it takes forever, it isn't as easy as building a mall or something. Now, lumber is exponentially more expensive, there is also a shortage. Coupled with other shortage of materials used to build homes, there isn't a feasible way to build homes to meet up with the demand.

We all know that housing prices isn't going decrease, as our ponzi scheme of an economy runs on it and we will hit great depression without it.

So, what is there to do?

Homelessness is gonna skyrocket post Covid as mass layoff are imminent. Trudeau is gonna ring in 400k immigrants a year (literally london's population), where are these people going to live?

This government is seriously incompetent as fukk no matter which party, we are truly fukked moving forward and everybody has their heads in the sand.

What are y'all's opinions?
Click to expand...

we are screwed brehs
 
trick

trick

sleeping
Supporter
Joined
May 4, 2012
Messages
24,198
Reputation
5,559
Daps
74,101
Scruffy said:
Wtf is this

nR45wrs.png


A line for the booking portal? :gucci:
Click to expand...

They're releasing appointments throughout the day. The best time is to get on before 8 am, so your wait is short and you get your pick. I logged on at 7:50 and got an appointment for my girl by 8:15.
 
J

jdubnyce

Veteran
Supporter
Joined
May 1, 2012
Messages
54,297
Reputation
13,749
Daps
251,932
Reppin
t-dot till they bury me
therewillbeboogienights said:
Regarding the housing crisis in Canada right now. I am just so confused as to how the government is gonna go about it.

First off, housing is ridiculously expensive due to foreign investors buying up property.

But that isn't even Canadians first concern considering wages have been stagnant forever now and if housing prices dropped most millennials will not be able to afford a home regardless.

Secondly, the solution of "just build more houses" doesn't work because ....

Lumber is a necessary element of construction and since the NDP completely decimated the lumber mills in BC and Ontario, we don't have the capacity to produce lumber like we once did. And building lumber mills/towns around it takes forever, it isn't as easy as building a mall or something. Now, lumber is exponentially more expensive, there is also a shortage. Coupled with other shortage of materials used to build homes, there isn't a feasible way to build homes to meet up with the demand.

We all know that housing prices isn't going decrease, as our ponzi scheme of an economy runs on it and we will hit great depression without it.

So, what is there to do?

Homelessness is gonna skyrocket post Covid as mass layoff are imminent. Trudeau is gonna ring in 400k immigrants a year (literally london's population), where are these people going to live?

This government is seriously incompetent as fukk no matter which party, we are truly fukked moving forward and everybody has their heads in the sand.

What are y'all's opinions?
Click to expand...
Unsustainable

Price increase of real estate has not been met with even a remotely similar increase in wages/income

If you don't own real estate by now, very hard to get in on your own. Need multiple applicants to qualify.

I was able to buy my own 700 sq ft condo near Square 1 for $180 at 26 after 3 years of saving while in the workforce.
700 sq ft condo in Sauga is probably at least $500 today

Feel bad for folks fresh outta school, early in their careers.
 
M

Malcolmxxx_23

Let's go panthers
Supporter
Joined
May 1, 2012
Messages
106,863
Reputation
-14,285
Daps
323,106
Next few weekes the govt needs to do a better job im communicating plans for how we will ease restrictions once enough people are vaccinared
 
Tom Foolery

Tom Foolery

You're using way too many napkins.
Supporter
Joined
May 1, 2012
Messages
21,934
Reputation
6,687
Daps
92,941
Reppin
Boardwalk and Park Place
therewillbeboogienights said:
Regarding the housing crisis in Canada right now. I am just so confused as to how the government is gonna go about it.

First off, housing is ridiculously expensive due to foreign investors buying up property.

But that isn't even Canadians first concern considering wages have been stagnant forever now and if housing prices dropped most millennials will not be able to afford a home regardless.

Secondly, the solution of "just build more houses" doesn't work because ....

Lumber is a necessary element of construction and since the NDP completely decimated the lumber mills in BC and Ontario, we don't have the capacity to produce lumber like we once did. And building lumber mills/towns around it takes forever, it isn't as easy as building a mall or something. Now, lumber is exponentially more expensive, there is also a shortage. Coupled with other shortage of materials used to build homes, there isn't a feasible way to build homes to meet up with the demand.

We all know that housing prices isn't going decrease, as our ponzi scheme of an economy runs on it and we will hit great depression without it.

So, what is there to do?

Homelessness is gonna skyrocket post Covid as mass layoff are imminent. Trudeau is gonna ring in 400k immigrants a year (literally london's population), where are these people going to live?

This government is seriously incompetent as fukk no matter which party, we are truly fukked moving forward and everybody has their heads in the sand.

What are y'all's opinions?
Click to expand...
The Government is in on it. They already know the future is messed up, so it's about keeping the ship afloat for as long as possible.

The economics in Canada doesn't work. All our money goes out the country to import goods and the only way to bring wealth back in is by allowing rich foreigners to immigrate and buy land.

The future? I think Canada will no longer be an attractive country for the working class. If people are willing to immigrate, they are also willing to emigrate. Which imo will leave you with the Rich and the Poor.
 
therewillbeboogienights

therewillbeboogienights

All Star
Joined
Oct 25, 2014
Messages
1,543
Reputation
370
Daps
4,648
Tom Foolery said:
The Government is in on it. They already know the future is messed up, so it's about keeping the ship afloat for as long as possible.

The economics in Canada doesn't work. All our money goes out the country to import goods and the only way to bring wealth back in is by allowing rich foreigners to immigrate and buy land.

The future? I think Canada will no longer be an attractive country for the working class. If people are willing to immigrate, they are also willing to emigrate. Which imo will leave you with the Rich and the Poor.
Click to expand...


I agreee. I don't plan on living here In my 30s tbh. Gonna leave this sinking ship asap.
 
MikelArteta

MikelArteta

Moderator
Staff member
Supporter
Joined
Apr 30, 2012
Messages
252,236
Reputation
31,762
Daps
771,013
Reppin
Top 4
Tom Foolery said:
The Government is in on it. They already know the future is messed up, so it's about keeping the ship afloat for as long as possible.

The economics in Canada doesn't work. All our money goes out the country to import goods and the only way to bring wealth back in is by allowing rich foreigners to immigrate and buy land.

The future? I think Canada will no longer be an attractive country for the working class. If people are willing to immigrate, they are also willing to emigrate. Which imo will leave you with the Rich and the Poor.
Click to expand...

The only reason why so many people still come to canada is because it's literally the easiest western country to get a PR
With express entry and a decent job in your country you can get a pr through express entry in like 6 months

Its not until you come here then you realize that you're bringing home half of your paycheque after taxes/pension, you can't afford to buy a house, and you're living paycheque to paycheque
 
You must log in or register to reply here.
Top