The Official Toronto Discussion Thread

[MikelArteta]

Bank of Canada raises key rate to 5%, highest level since 2001

The Bank of Canada raised interest rates again on Wednesday, hitting the economy with even higher borrowing costs as new projections suggest it will take longer for inflation to fall back to two per cent. The central bank hiked its key interest rate by a quarter of a percentage point, bringing...

toronto.citynews.ca

5 percent highest since 2001

But in 2021 house prices were like under 300k

We are screwed brehs

 

[MikelArteta]

Get this fakkit justin out now
Dude is always in Ukraine giving money away while we are over here struggling to buy milk and bread and can’t afford a house

Interest rates 5 percent
Wages stagnanf

But this fakkit justin had 8 years and has destroyed canada

Get him out now

 

[BigSteppa]

More people have come to canada in the first 3 months of 2023 then all of 2015.

We have a housing crisis

that's crazy to think about since we were taking in a lot of Syrian immigrants those times

 

[MikelArteta]

my friends landlord told them he's increasing the rent by 400 a month guess he renewed the mortgage and alot of people are going to be SOL

this is what y'all voted for Justin Trudeau

anotehr 500k immigrants coming to a city near you

 

[MikelArteta]

Where is my grocery rebate

 

[MVike28]

my friends landlord told them he's increasing the rent by 400 a month guess he renewed the mortgage and alot of people are going to be SOL

this is what y'all voted for Justin Trudeau

anotehr 500k immigrants coming to a city near you

The guideline does not apply to:

• new buildings, additions to existing buildings and most new basement apartments that are occupied for the first time for residential purposes after November 15, 2018

Doug Fords Ontario brehs

 

[MikelArteta]

The guideline does not apply to:

• new buildings, additions to existing buildings and most new basement apartments that are occupied for the first time for residential purposes after November 15, 2018

Doug Fords Ontario brehs

its newer than 2018 so not rent controlled , even if it is rent controlled many landlords will prob try and offload their condos now with these new interest rates


Canada the greatest country in the world

I've worked hard all throughout covid. No Cerb, no tax breaks. All I gott is that rebate for buying my car sticker. Americans got a stimulus, canadians nothing. While trudeau over in ukraine giving billions and billions more away.

canada first

 

[MVike28]

20% down on a 1.4 million dollar home which is a semi in Vaughan

Monthly mortgage amount and that’s putting it conservatively (7,000 dollars)

The down payment is good enough to put 60% down on a nice size property in the South.

We are freezing 8 months of the year for fukks sake.

 

[Jefferson Jackson]

then why the hell are you still propping up his gov't?

 

[Malcolmxxx_23]

Where is my grocery rebate

U make to much

 

[MikelArteta]

20% down on a 1.4 million dollar home which is a semi in Vaughan

Monthly mortgage amount and that’s putting it conservatively (7,000 dollars)

The down payment is good enough to put 60% down on a nice size property in the South.

We are freezing 8 months of the year for fukks sake.

When my folks bought their house in Vaughan they paid 550 for a 4,000 sq foot 7 bedrooms 5 washroom and this was only like 11 years ago.

I remember the condos at hwy 7 and Weston were 250,000 this was just five years ago

this is in houston texas

when you see stuff like this i don't blame anyone if they can get a us working visa and a job to get the hell out

 

[MVike28]

then why the hell are you still propping up his gov't?

What a fakkit

1.5k likes

5.7k replies

That ratio

 

[Food Mane]

I'm starting to worry about interest rates and long term inflation. Monetary and fiscal policy are so out of sync. Federal and provincial goals and responsibilities are so out of sync. I don't really see a way out of this for Canada, tbh.

 

[MikeyK]

Anyone that's looking for a cheap rental should apply to this lottery. They got 1-4 bedroom apartments and townhouses by the distillery district. Rents are between $1,538 and $2,587. There are income requirements that are based on how many bedrooms you need. I haven't seen a minimum but the max for 1 bedroom is $73,824. This is just a lottery you have to apply for and it costs nothing to do it.

I applied last year for a different building complex thinking nothing of it and won. I just moved into my new spot a couple of months ago.

West Don Lands Rentals - Affordable Rentals at West Don Lands

 

[MVike28]

I'm starting to worry about interest rates and long term inflation. Monetary and fiscal policy are so out of sync. Federal and provincial goals and responsibilities are so out of sync. I don't really see a way out of this for Canada, tbh.

Breh it’s bad. This is unsustainable.