Affordable housing is vanishing. Are these landlords to blame?

[@CBCTheNational]

We’ve opened comments on this video to hear your ideas and experiences related to this story. Comments remain closed on other videos to try to reduce harm to the subjects of our content, our staff and the audience.

[@John.F_Kennedy]

Opening the comments on any CBC video is a horrible idea.

[@SamZedder]

All videos should be allowed to comment. Please treat us like adults.

[@tombrodzinski157]

Wait till 2027 and beyond. New construction is virtually non existent in 2024 in ON. Existing unit prices will sky rocket.

[@FreeCanadianHugs]

Not allowing Canadians to comment on Canadian issues from a government paid for service such as the CBC should be seen as censorship in a public hall. If there are bad actors take steps to deal with the individuals instead of treating Canadians that have opinions on CBC covered topics as criminals and not allow Canadians to comment.

[@shaunallen9337]

Comments should be turned on every video you make, if if there is hate speech, or speech that is hated. As to housing, we need social housing. How can we force provincial c Governments to build it. In the millions across Canada. I'm sorry if it's a socialist idea, but that is the way the people want the country more and more. Better health care, public housing, and better school systems means more tax money going in. Which we all don't want. Catch 22.

[@LucasBenjamin-hv7sk]

The fact that there is already an excessive amount of demand awaiting its absorption, despite how everyone is frightened and calling the crash, is another reason why it is less likely to occur that way. 2008 saw no one, at least not the broad public, making this forecast, as I'll explain below. The ownership rate was noted to have peaked in 2004 in the other comment. Having previously peaked in the second quarter of 2020, we are currently at the median level. Between 2008 and 2012, it dropped by 3%, and by the second quarter of 2020, it had dropped from 68 to 65.

[@RaybellarayRay]

Investing in both real estate and stocks can be prudent choices, particularly when backed by a robust trading strategy that can navigate you through prosperous periods.

[@BernardFrederick-tk7un]

You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

[@foreverlaura-fq4eu]

@@BernardFrederick-tk7un Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

[@BernardFrederick-tk7un]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@CharlesArthur-fq5sx]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@TheGreatestHandle]

This is how people end up on the streets living in tents.

[@lif6737]

I don't look down on it. People think its just addiction or mental health, but it's shocking how many people can't afford to be housed in this country anymore. My parents were almost made homeless after being pushed out of their last apartment, but managed to get a (comparatively) cheap apartment, but the conditions are horrible. My friend works in shelters in Ottawa and says most people that he interacts with are people who fell on hard times and couldn't afford to stabilize their life. I live in cooperative affordable student housing, but if I didn't, I wouldn't be able to afford Toronto by any means. In a country as wealthy as Canada, this shouldn't happen.

[@parkerbohnn]

Or in cardboard boxes.

[@Novusod]

It is illegal to sleep in tents in America. They are creating an Apartment to Streets to Prison pipeline.

[@pshaw8406]

Meanwhile apartments and houses are sitting empty.

[@scottjordan7431]

Both Canada and the USA have a monopoly problem. There's too many monopolies that have sprung up and have almost total control of their markets.

[@butwhytharum]

We need anti trust laws to actually have teeth and break up these monopolies... When's Facebook being broke up? Google was legally declared a monopoly when is it being broken up?

[@larrymacdonald4241]

@@butwhytharum We have them but the government ignores them, this is how Rogers came to be so large.... But yet, they enforced against R.W. Tomlinson in Ottawa, they told them, they could not buy anymore construction companies in Ottawa.....

[@butwhytharum]

@@larrymacdonald4241 because government (libs and cons) are bought and paid for by the same groups.

[@scottjordan7431]

@@butwhytharum And that's not even touching on the grocery industry monopolies.

[@gce-yn7pg]

Did you even watch the video? The large companies, of which there are several dozen, own only 20% of purpose built rentals. That is hardly a monopoly. And without the investment of those same companies who is going to step up to invest the billions of dollars needed to maintain the thousands of 40-60 year old rental buildings across the country? Maybe the feds could introduce a new tax for us all to pay and then buy the buildings and maintain them? Absurd. Nothing is free and affordable housing is a pipe dream. The only way housing becomes affordable is when a substantial amount of supply is introduced to force competition, and the only way a substantial amount of affordable rental buildings gets constructed is if the government pays for it or at least heavily subsidizes it.

[@everceen]

Housing crisis, health crisis, cost of living crisis, debt crisis, inflation crisis, EU war crisis, middle East crisis. How many crises can a koala bear? I'm approaching retirement with comfortable millions, yet scared of a banking crisis. Where do I best grow my money?

[@justlikekingsolomon]

Diversify… T bills, CDs, Gold, Stocks, Municipal bonds, Bitcoin, etc assets speak when cash has no value

[@verycautiousbeing]

I would advise the counsel of a seasoned financial pro. It may be expensive, but as the old saying goes "You get what you pay for." "Expert solutions require Expert providers" - my mantra.

[@beautifulpeoplealways]

Truth is, investing with the help of a financial advisor set me up for life, retired as a millionaire at 55. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. But if it wasn't for 2020 covid lockdown, I wouldn't have supplemented my income with stocks and alternative investments.

[@vancoker-t6z]

@@beautifulpeoplealways bravo! I've worked in real estate for over 25 years and have neglected a major stock portfolio, however I need a different plan now... mind if I look up the professional guiding you please?

[@beautifulpeoplealways]

Annette Louise Connors is the licensed advisor I use. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@jackrabbit5047]

Only citizens of Canada should be allowed to own real estate. Citizenship should be worth something!

[@shellieperreault6262]

I don't know how the law is in Canada, but in the US a company or corporation can be classified as a "person".

[@wnose]

That's the rule in Singapore. The rule should kick in for any city when cost of a new home exceeds 10x of median income

[@greg6500]

You shouldnt be allowed to own a home at all unless you live in it.

[@cara1111]

You know that this "financial investors" are in a huge majority CANADIAN right? These are Canadian corporations, don't make this a racial thing.

[@SexyFord]

@@cara1111nobody made this racial you muppet

[@burnt1ce85]

All levels of government, past and present, have done a poor job preventing this housing crisis. We all saw this coming miles away, but no one really cared until it’s too late. *Edited to fix typo

[@tanjamilakovic5262]

Bingo!

[@bobthekobb]

It was all done on purpose to make us turn on our country.

[@TheWalamala]

Why doyou have to state edited to fix typo......

[@AxeRyan80]

Equity theft, Landlords are deep into this practice at every level... I have lived in a lot of rentals, Not one has made me sit there and think I was getting what I paid for, Not one cared about the issues/problems while living in luxury off mine and others paychecks, I owned a house once and the same system/government stole it from me, Yet promotes those who steal it from others. Any landlord that wants to complain about their passive income costing them money while those who rent walk away with nothing or being kicked out because what you could afford you can no longer afford, Mortgages(usury/interest is a crime) allows them to get into this most of the time, How should I feel when a landlord makes me pay off their mortgage, don't care about the building, raise the rent to extremes, the fight to get anything done is tiresome, force people out when they want the land for their own use, When the same system denies me such an ability although I can afford it. And yes the immigration invasion is a big part of it as well(For all those who try to side step it), Supply and demand, And where do you think these invaders get their money? Our taxes... They certainly are not producing it them selves. Taxes are of course theft, and literally used against the people... And don't expect the government to help, No matter who it is. I could list the issues I have dealt with but it is a very long list, And landlords if you are angry at things keep in mind the following, You are stealing from someone, YOU ARE STEALING from someone, Regardless of how you feel, You do not and did not earn it, You are part of the scam... And you are the renters of the future until you no longer have a place at all... Want your problem solved, Stop renting and sell to a family, A real Canadian family. Passive incomes hurt everyone, It just takes time to reach everyone... Even those who are rich will become poor. Real estate also is a scam, Every time one of those vampires(real estate agents not the landlord, although they are both of the same) that gets factored into the price helping push the price up... This like so many other problems is spurred on by greed, personal, corporate and political... and is fuelled by a group I dare not mention. I have come out with a plan, But I am not in the government, I would not be allowed, Instead like many others who fought what is coming, I am silenced. Side note to pensioners: You are stealing from your children and grand children and so forth, Thanks for that. There is no real conservative vote, You could support me, But I am sure that would not happen, Been trying to do things for more then half my life at this point. Maybe the next prime minister will be your savoir, Good luck. One last note, If it is not your land it is not your problem, But go ahead and continue to argue for your greed, It will do well for all of us in the end.

[@Allen-k6n1o]

@@tanjamilakovic5262🪳🪳🪳🤮🤮🤮🤑🤑🤑

[@sebebalios1906]

Co-op housing needs to come back in full force! No one should be paying more than 30% of your monthly income for rent!

[@createone100]

Absolutely! Loads more co-op housing needed!

[@ABUTARI70]

Contact your elected officials

[@GotoHere]

I was paying 50% my income in 1990s. Deal with it or vote Trudeau out.

[@sammavitae114]

​@@GotoHere And tell me how that's going to fix housing.

[@aetherfox4404]

Then get a group of people and put your money together to buy a building. Create your own co-op instead of waiting for someone else to fix your problems for you. Now you're responsible for all your bills and maintenance, better hope the water heater doesn't go out...

[@abhilash9153]

I blame the government (all three levels) and lack of socialized housing for past 3-4 decades. Even now they are not keen on working together to solve issues but fight over jurisdiction instead of building adequate housing. If they would have built during those times, we would have affordable housing now and landlords wouldn't have taken advantage of the vulnerable. Also, the system allows bad landlords and tenants to flourish at the expense of good landlords or tenants who out of bad luck rent from/to professional landlords/tenants. We need to cut the loopholes but ensure there is also some form of rent control (create a max price limit for 1, 2, 3 bedroom unit based on location - ie. $2500/month for 2 bedroom in Toronto) and limit annual increases to inflation.

[@Revsusu1]

I agree 100%!! Our government has done absolutely nothing to address the national housing issue. It was not Covid that did it. It simply exacerbated it. It began here in BC around 2015/2016. I don't know why or what, but rents and housing began creeping up back then. It was scary. I had to move at that time. I lived in a rural area and had to move back into the city where I managed to find an apt that I could afford. It's old, has single glaze, terrible circulation, asbestos, etc. but I took it because it was a last minute effort to find something affordable before I became homeless. It was scary then. Now, it's terrifying. If I had to move now, I would be hooped. There is nothing in Vancouver that I can afford on my retirement pensions. Even BC Housing has gone up and become out of reach for seniors on fixed incomes. My granddaughter and great grandson are living in an undesirable situation, but cannot move. It's wrong! And how can the average and below income folk deal with this???? I totally blame our government.

[@rizz_the_dog]

No one wants affordable housing cuz over 60% of people in Canada own houses and as soon as affordable houses is a reality, that means your house is going to be worth a whole lot less and nobody can campaign on making your property. Your retirement, your life savings worth less. They will not be voted in. They will not remain in power. They will be the party of the past.

[@gigilachaille5014]

That’s still too high

[@planesandbikes7353]

creating a max price immediately ends new home building, creates shortages and balloons homelessness

[@jrlad7271]

I wish I could give you two thumbs up! The only thing I would disagree on is a hard cap for private rentals, but the two things I would add is that there needs to be MORE housing OPTIONS, not just private OR subsidized (government owned). Co-op housing works for some and provides ownership options, but has been neglected. Not-for profit rental housing corporations are another great option for some. The big challenge is going to be building new housing when interest rates are high and there's a massive trades/manufacture worker shortage.

[@specialshockey]

It’s not one thing: Slowww expensive permit process Wasting time talking about it for 20 years Allowing Anonymous foreign buyers to park money in real estate Corporate landlords milking every dollar Turning a blind eye to rapid increases - not cooling the market sooner Luxury building in favour of affordable building Labourers can’t afford to live where we need to build Supply Canadian wages not keeping pace Air BNB High rate of immigration … I have a house but I feel terrible for the young generations

[@davidandrews1971]

Currently, the major problem in trying to provide affordable housing is the "financial landlords" types. They continue to buy older buildings at very little cost and make, primarily, only cosmetic changes. They're not re-wiring the buildings that have aluminum wiring. They're not remediating fuel leaks if they can get away with it. They're not installing sprinkler systems to make the buildings safer, They're not repairing obvious issues with unsafe wiring, plumbing and air circulation. What they're doing is adding lipstick to a pig. At some point, probably not that far in the future when people can no longer find ANY safe place they can provide for their families, I can assure you that you'll start seeing violence toward those landlords and management companies who have caused this problem. When they don't care if people have shelter, they'll be putting themselves in a very precarious position.

[@seeya205]

No one is buying anything at very little cost.

[@roverinosnarkman7240]

No. The same pressures of cost and return and risk are the same for the landlord as the homebuyer. Why should I build something to have the government tell me I can't make any profit from my investment? Profit is the motivation to do more. If there is no profit, it won't get done. Only in your fever dreams are people buying anything "cheaply". If you vote for more "cheap" housing subsidized by the government, who ends up paying for it? The people who are productive, work hard, and pay taxes (presumably not you?). So if you think you can reach into the pockets of the "rich" and take out whatever you want, what will happen? What would you do, if you finally got some money saved to invest and the wolfish government decided to take 3/4's of it in taxes? You would get flight of capital, and a depression. In contrast, with deregulation, you get more investment, more jobs, more efficiency, and more supply and availability (the Henry Ford model). There are only carrots (inducements) and sticks (punishments) that change behaviour. 'Stick' government means at the point of a gun, with gulags and imprisonment- the Soviet model, and I never want to see that ever again. Like NEVER AGAIN!

[@jimhendrix7776]

Lol, so what you're saying is, they should do these and increase rents more than they already are lol wtf!!

[@pacman3556]

you can't buy a shed on an 10x10 lot anywhere within a three hour driving distance of Toronto at very little cost.

[@michaelj.4187]

@@roverinosnarkman7240 False narrative buds, history has proven tax breaks for the rich and corporations DO NOT trickle downstream...

[@CDin-xh1kp]

The rush to BUILD MORE, usually translates to subdivisions full of million dollar homes in every community. More of the same…Not a real solution!

[@planesandbikes7353]

wrong. more supply of homes of any type reduces homelessness for everyone. Right now shortages at all types of housing is driving people down market, even from the top end to the bottom. Detached housing is being built at an extremely low rate, pushing those who would buy them into smaller houses or townhomes, displacing those people into smaller townhomes or apartments, pushing those in apartments into worse housing, pushing those at the bottom out. We need to build more of ALL types of housing, not keep forcing people down market into worse housing than they deserve. In 2003 BC built 15,000 detached houses. In 2023 BC built 6,500 detached houses - it is an economy-wide shortage of homes for EVERYONE. I grew up in small town in Ontario where everyone lived in detached or semi houses, even the poor and the working class renters, there were hardly any 'apartments.' We should not be devolving the bulk of our whole society into miserable jail cell apartment lifestyles. We need more detached homes, more townhomes and semis, more patio homes than ever.

[@myoldvhstapes]

More housing is MORE HOUSING! It's what we need. The millionaires moving into those new 'hoods are vacating their old homes... for someone else to move into.

[@crazystewart34]

​@@myoldvhstapesmillionaires are moving into new subdevelopments not old housing that is repurposed.

[@Oldeagle66]

Exactly, same everywhere. It's just corporate and political greed together.

[@myoldvhstapes]

@@crazystewart34 All new housing increases the housing stock.

[@tmoleary7179]

since the financial collapse in 2008 housing has become the focus of investors choosing housing over the stock market. But housing is a right. Not a commodity. Government must regulate the wealthy landlords in order to ensure safe access to affordable housing.

[@planesandbikes7353]

Get real. Land and housing has been a commodity and an investment for profit for thousands of years. The nub of the problem is a disconnect between supply and demand. Outsized demand due to high immigration. But worse has been regulatory obstructionism largely by municipalities and also provinces for the last 40 years. The USA does not have this problem in any of the red states. This is all entirely a government-created problem.

[@BrodieChree]

This is the truth! Our monetary system is not aligned correctly. There's so much rent taking from the asset class that it's slowing the economy down. Dudes in this video warning us about "Marxism" will say anything to stay in fresh hairpieces and gold watches.

[@invictus9988]

Housing has become the focus because investors could see that the government was completely screwing up the file: government raised taxes on housing, governments made it harder to build, governments increased demand through immigration. When government is making it so easy to make money in housing, how can you not invest in housing. Government taking from society and giving to real estate investors. Real estate investors know who to thank. So you're asking the government who made these real investors rich to fix the problem... interesting.

[@ronkennedy213]

A right you say,, well offer somebody off the street accommodation in your place.

[@invictus9988]

@@tmoleary7179 actually just not the focus of investors: focus of average people: how many stories have you heard about people buying more house than they need because it's a good investment

[@SarahBrown-h7n]

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

[@MaryWilliamson-h2o]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@Millerj2450]

The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.

[@Fred-w7t]

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

[@Millerj2450]

My CFA ’’ Jessica Lee Horst a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@WillFred-g7g]

Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.

[@michaelj.4187]

'financialized landlords'? more like "Corporate Terrorism"...we've transited to a situation where a dollar bill is more important than a human life...sending love and peace to everyone...

[@Josh-m5u]

Bro, without dollar bills there is no life. Its the owners property, you have no right to it unless you pay the asked price... its not "your home" its a rental... pay or get out.

[@michaelj.4187]

@@Josh-m5u you've bought into the scam and continue to support this con job of a created value...

[@brolfe69]

@@Josh-m5u I'm glad you see no issue with that. I bet you scream and yell about having to see tents, yet still act like a corporate bootlicker. Can't have both.

[@absolutepowerchannel8980]

I appreciate CBC opening up the comments, because these issues are so worrisome. Canadians aren't sleeping at night. I don't think government understand in the last 8-9 years how many of us lost out on some of our most productive years. I'll admit I see beautiful houses(condos too) being built. But I'm sadden to think I had no chance a the most humane basic need of shelter in this lifetime. Now I constantly worry at the age of 40, not able to save. What was the point of my existence? Was it only to feed the oligarchs, monopolies, government and corporations? I miss watching town halls from the past, where citizens would state their ideas publicly. Because pollsters always need our opinion and we are glad to educate our leaders about our issues. If they don't already know. Canada being grounds for modern slavery is not a lie. Of course I believe we need immigrants for the economy. But it has been so heart breaking to see Canadian teens who were not allowed to work, because of corporations interest. To see Canadians being mistreated in the workplace for cheaper labor. To work in uncomfortable work environment because there was no hope of finding another job. In these pass 5-8 years. I and my fellow Canadians will never forget what it was like to be beholden by corporations. Never forget how many stories I've heard of Canadians applying for 50-100-500 plus jobs, without any replies. Never forget the elderly doing hard labour after retirement. Never forget people facing homelessness. Never forget the scandals. Never forget the homeless encampment.

[@texasjack6289]

❤️

[@badfeng]

It's pathetic that CBC so frequently allows people to comment on their takes.

[@robert7737]

Study currency debasement. Fiat expansion rapidly inflated away savings the past decade.

[@badfeng]

@@robert7737 100%.

[@Lynn.hopeful10]

This has been happening for at LEAST 3-4 years and it’s just now that CBC does something on it.?????

[@xXxFaustoMoraesxXx]

A video like this is very important because most of the blame for the housing crises goes towards immigrants when in fact it should be going also towards insitutional investors

[@k1e1v1i1n]

rent only goes up with demand. I mean as a trend, lower the amount of people looking for a thing and the price always goes down.

[@darex0827]

Canada has not been building enough housing for decades. When you have massive population increases without increasing housing supply, this is what you get.

[@RobbyRotten355]

The problem is immigration, when you bring in too many people with no where to put them rents and property values sky rocket.

[@uromvictor]

You haven't built in ages. And you blame the only person building. Its the governments primary duty to provide housing and they have failed.

[@hasht7331]

Its definitely a contributing factor.

[@CarolineIronwill]

I've been living in my van since March. I'm not on drugs, my mental health is under control. I have no criminal record. I just can't afford rent.

[@markferguson4011]

The clear, and indisputable reason with why there is a housing shortage in Canada, is blatantly obvious upon viewing the CBC news story from Sept 9, titled, ‘Affordable Housing is Vanishing. Are These New Landlords to Blame?’ And this is palpably evident with merely observing the caravan of Third World interlopers you can see in the protest marches in the CBC KZbin. I froze one aspect of the video, and counted 42 people in the frame, but NOT ONE of them was discernably of Anglo/European extraction. Of the 42, I counted, 23 females clad with veils over their heads: meaning they were Muslims, and almost certainly to have gained entry into Canada on a humanitarian type visa. Therefore, it is also most likely that, they have limited skills, and an ordinary education, and will be an eternal burden upon the public purse(s) of the federal, and provincial governments. One of the people interviewed is Michael Brooks, who is the CEO of property management group called REALPACK. And the most significant thing he says in response to what the rabidly insane Open-Borders PM, Justin Trudeau, says with: “Housing is a human right. Our government recognizes that housing rights area are human rights. And everyone deserves a safe and affordable place to call home.” Michael Brookes’ response to that comes to pass with him saying: “There is zero literature in this country on what’s the private sector’s obligation is (with relation to) … being tasked with providing” housing for the poor. Obviously, the VAST MAJORITY of those who have to be housed, are lowly skilled, ileducated interlopers from the Third World, and their offspring. Well, the no-brainer answer to inhibiting the sociological catastrophe from exacerbating this disaster is blatantly obvious, and it involves IMMEDIATELY closing the borders to ALL of the interlopers currently in the Third World, who would seek asylum in Canada. It is also an absolute imperative to quickly deport at least, 150,000 international students from India, who are in the country studying Mickey Mouse, bullshit courses. Of course, it is nigh on impossible that this will ever occur, because the next PM, Pierre Poilievre, and his Conservative Party, are as committed to maintaining the WEF’s Open-Borders agendas, to interlopers from the Third World, as has been the case with Trudeau, and the Liberal coalition. To grasp the immense sociological horrors in store for Canada can be ascertained by way of examining how major cities and towns in Britain, currently are after 5 decades of being swamped with interlopers from the Third World.

[@evognayr]

Six years for me, I was priced out by an elderly couple who live on a hobby farm in Washington state. I hope they get enough money. It's not just corporations.

[@richardsamanthajones5476]

When you pay 600 thousand for a 300 thousand dollar house. Mortgage isn't cheap.

[@okridiculoush157]

I live in a van with my spouse. We are a growing community. We have met other couples doing the same. It’s hard but much easier than the alternative.

[@curiouscat98]

These corporations are vultures! They all need to be jailed for the damage they have inflicted on Canadian people and society.

[@gigilachaille5014]

I’ve got a bunch of tickets out. lol nobodies coming to fix it 😂. This is unbelievable These people need to go to jail

[@User9865-b8u]

What is the role of the government if it keeps bending to private interests at the expense of the PEOPLE? People are clearly suffering and expressing that through rent strikes. Most people cannot afford monthly increases of 400$. This is neofeudalism and has nothing to do with free markets. Corporate profit is turning into profiteering and is borderline hedging towards creating social crisis that no gov will be able to manage if you have an escalation of crime, poverty, homelessness and addiction. Let's do the math and see who is benefitting from this rent frenzy. I believe regulation should come to cap the prices because the danger of not doing so outweighs the benefits that only go to a few concentrated investors.

[@alphadiallo1655]

Bravo well said

[@gce-yn7pg]

Let’s cap some other things while we’re at it. How about Steel and concrete prices. Property taxes. Labour. Environmental assessment fees. How about the government dictate to all private businesses how much they can be charge. Yes cap rents and when investors pull out their capital and all the 50 year old buildings fall into disrepair who will step up and fix them? If you want communism move to ussr

[@brandonreid7528]

Other countries don't bend like a spine made of rubber but ours does. You want to move to Japan. You better behave and assimilated real fast. When you see that national pride and become part of it as a guest...you understand that importance of immigration.

[@TheGruntski]

@@gce-yn7pg Well said. The CBC easily attracts all those who want free stuff at the expense of others.

[@AlexLifeson1985]

@@TheGruntski You realise there are other types of social democracies out there other than communism and whatever your twisted imagination has described as capitalism. You absolutely need to put limits on profit and regulate, otherwise you end up where we are now. What do you suggest we do with people who cannot afford rent? They become displaced and then cannot work, and when crimes goes up 100x and your safety becomes jeopardised maybe then you will change your mind.

[@arlenemorrison3768]

Such a shame our society has come to this..Greed

[@michael2275]

No, terrible policies from left leaning politicians have led us here. We were on the track to wide spread prosperity under Harper.

[@talktothehandreviews]

@@michael2275 Uh, I don't know what Canada you were living in because I lost my last house due to Harper's inept policies when he (and Poilievre was housing minister at the time) DE REGULATED BANKS and brought the recession to Canada in 2008. Under Trudeau, housing prices rose 57% but actually rose 60% under Harper and Poilievre. If you think anyone wants to help you but Liberals and NDP, you're very misled. But that's common nowadays.

[@michael2275]

@@talktothehandreviews You are economically illiterate. Can't help you.

[@markferguson4011]

The clear, and indisputable reason with why there is a housing shortage in Canada, is blatantly obvious upon viewing the CBC news story from Sept 9, titled, ‘Affordable Housing is Vanishing. Are These New Landlords to Blame?’ And this is palpably evident with merely observing the caravan of Third World interlopers you can observe in the protest marches in the CBC KZbin. I froze one aspect of the video, and counted 42 people in the frame, but NOT ONE of them was discernably of Anglo/European extraction. Of the 42, I counted, 23 females clad with veils over their heads: meaning they were Muslims, and almost certainly to have gained entry into Canada on a humanitarian type visa. Therefore, it is also most likely that, they have limited skills, and an ordinary education, and will be an eternal burden upon the public purse(s) of the federal, and provincial governments. One of the people interviewed is Michael Brooks, who is the CEO of property management group called REALPACK. And the most significant thing he says in response to what the rabidly insane Open-Borders PM, Justin Trudeau, says with: “Housing is a human right. Our government recognizes that housing rights area are human rights. And everyone deserves a safe and affordable place to call home.” Michael Brookes’ response to that comes to pass with him saying: “There is zero literature in this country on what’s the private sector’s obligation is (with relation to) … being tasked with providing” housing for the poor. Obviously, the VAST MAJORITY of those who have to be housed, are lowly skilled, ileducated interlopers from the Third World, and their offspring. Well, the no-brainer answer to inhibiting the sociological catastrophe from exacerbating this disaster is blatantly obvious, and it involves IMMEDIATELY closing the borders to ALL of the interlopers currently in the Third World, who would seek asylum in Canada. It is also an absolute imperative to quickly deport at least, 150,000 international students from India, who are in the country studying Mickey Mouse, bullshit courses. Of course, it is nigh on impossible that this will ever occur, because the next PM, Pierre Poilievre, and his Conservative Party, are as committed to maintaining the WEF’s Open-Borders agendas, to interlopers from the Third World, as has been the case with Trudeau, and the Liberal coalition. To grasp the immense sociological horrors in store for Canada can be ascertained by way of examining how major cities and towns in Britain, currently are after 5 decades of being swamped with interlopers from the Third World.

[@henrymiecz8566]

Greed is what gets you the buildings to begin with. Government overregulation is what gets you here. So their only solution is to REGULATE MORE??? I hope you enjoy 1970 USSR!

[@alandzidek4104]

I don't watch propaganda so I skipped to comments to say this. Inflation, which includes housing, is a failure of federal government. Housing supply which drives up rental costs is a failure of provincial and municipal governments. Governments at all levels would like you to believe that "big business" is to blame. Its simply untrue, they are. Thank you

[@notyourbestie]

Big businesses are to blame as well. They are too greedy. You cannot just reason bc they are business, their job is to earn. There should be social responsibility otherwise it will be unbalanced. Middle class will no longer sustain together w the poor and it will have a domino effect. The benefit for the rich will be 1st generational. To be greedy is towards own destruction.

[@Myiata1979]

...and in Ontario people still voted in Doug Ford(remember NO RENT CONTROL in housing built after 2018)

[@koshka02]

People who live within their means have a right to a roof over their head, a place to sleep, some privacy. What's happening in Canada is just disgusting and appalling- and I put 100% of the blame on government (both Federal and Provincial). You guys in government need to come down hard here. I don't care what it is government has to do, they need to fix this and bring prices down.

[@Jonny-o3l]

The only problem there, is the same people in charge of fixing it, are the same people that will benefit the most from doing nothing.

[@mravka9]

We need to de-commodify housing. No one person or company should have the right to own more than two homes. The government needs to nationalize all the big property managing company units and build affordable low cost, structurally sound housing with more than a 50 year life. No more cardboard boxes and Mc Mansions please. Enough is enough. Someone in government needs to get a clue on how to do things to deliver for Canadians fast, because this situation is a catastrophe and people are furious.

[@chrismacleod9326]

Sort of agree with you and let me explain: I’m a hard working father of two little boys and around my day job I spend countless hours of my labour fixing up very old houses (1940’s/50s) that have been left in such a horrible state that I certainly wouldn’t want to live there. We are talking about black mould, moisture problems, bad odours from nicotine, cat urine etc. We’re talking about houses that succumb to water damage in the basement every spring with the big melt (I reside in Lloydminster, Alberta). So I buy these houses at a lower price point and I address these issues, remodel the home into something beautiful and rent it out at a very reasonable price. The houses I purchase are small, two bedrooms one bathroom or so and so far the renters I have are over the moon to have a beautiful home to live in where they can still afford to save without the worry of big capital expenses that come along with owning a house. Remember, we have rising property taxes, rising house insurance, maintenance, repairs and higher interest rates. This is very, very costly and in many cases owning a home is more of a liability rather than an asset. My one renter loves to do yard work and takes pride in maintaining a beautiful lawn so I bought him a high end battery powered lawnmower and weed wacker. I do what I can to be a fair and appreciative landlord. Owning a house is not for everybody and in fact there is a great argument put forth for why it can be financially beneficial to rent whilst putting your money in other investments whether that be for financial returns or simply enjoying the luxuries of life such as travelling or costly hobbies. I do not make a pile of money doing what I. I do it in such a way that my hard work is compensated but greed does not factor into this. I believe I contribute to society in a positive way unlike these huge corporations who don’t care about anything other than hiking rent and improving upon their bottom line. My point being is, don’t confuse regular people trying to get ahead in life with some a few small investments with these powerful corporations. If I don’t restore these houses, these corporations will buy up the land and build multiplexes and this is not a desirable outcome.

[@richcherwalk6349]

De-commodify housing because it’s not actually a buisness, housing is a non-productive asset it’s merely parasitic when turned into a commodity

[@BlueToronto]

@@chrismacleod9326 Bravo!

[@Crosswyred8000]

I hope Government develops properties under the Non profit housing models only. Don’t allow new build without equal lands being developed under the non profit model. Co-ops, Non Profit Housing Societies etc must be forced through over theses greedy companies.

[@tillyburton5402]

The very people you names are the very ones that are to blame..non profits get subsidies from the government….and it not non profit, when they are getting rich off tax payers money. No one in government even regulates them..read About the Vancouver downtown east side non profits that was given 38 million and Not one building bought or homes given to the downtown east side…so who got the money…..they resigned, so we will never know where 38 million went to….fucknon profits

[@michaelyun2407]

Then you won’t have any new builds at all 😂 think again

[@GotoHere]

Government is not the solution, how can so many Canadians be so ignorant of basic economics.

[@thepanda9782]

Or it could just be they are preferred over private. If they bid ~ they get priority.

[@Crosswyred8000]

@@GotoHere after living through the ‘80-‘90 where the feds supported non profits and coops which all ended in ‘93- I can confirm that Government intervention is the only way to successfully build and maintain reasonably priced rentals. The markets will never lower rates because they have no incentive to. Even if we bust the near monopolies- which will not happen- it wouldn’t help because the rich new and existing Canadians will just snap up the lots with their liquid cash and minimal interest bank loans. We renters are never going to get ahead unless we use the market owner’s taxes to support our costs and allow us a leg up.

[@jamesfernick3741]

i dont think landlords or corporate greed have much to do with the housing bubble, i think its the government to blame. let me tell you a story about my grandfather who was a farmer/truck driver, he wanted to develop 20 housing lots when he wanted to retire from farming grapes, sounds easy right? he wanted to build 20 x 1 acre lots, for 20 medium houses, and the town put him through over 8 years of red tape and close to a million dollars in Engineering/land surveys/aquifer test drilling/horticultural reports about every shrub and bush, it took so long my grandfather didn't live to see the houses get built, they were worried about the septic systems leaking so they required every house to have a tertiary septic system (adding 35-50k to the cost of every house), but even that wasn't environmentally friendly enough, by the time they were approved they would only allow 2.2 acre lots (instead of 1), claiming that the septic systems could possibly leak and affect the groundwater (which is already undrinkable due to the garbage dump 2 km away), not to mention when it was a grape vineyard we used to dump truckloads of manure on that land, but on top of being 8 x 2.2 acre lots instead of 20x 1 acre lots, ( so there's 12 less houses), the city zoned them as "Estate lots" so the minimum house you can build on it is 2800 square feet, so my grandfather spent almost a million dollars and a decade to be allowed to build 8 mansions instead of 20 houses on his land, if you want to know why housing is so expensive this is a good start,

[@jez5855]

Wow, thats just absurd.. But an excellent example... There was also an episode from 'About that" by CBC where they showed how long it took to build a small multi family apartment in a city.. Planning and getting permits alone took about 3-4 years.. In my opinion, this is one of the biggest reasons why we have a housing crisis.

[@ThoriumBorium]

Yes, but importing millions of immigrants didn't help either.

[@markferguson4011]

The clear, and indisputable reason with why there is a housing shortage in Canada, is blatantly obvious upon viewing the CBC news story from Sept 9, titled, ‘Affordable Housing is Vanishing. Are These New Landlords to Blame?’ And this is palpably evident with merely observing the caravan of Third World interlopers you can see in the protest marches in the CBC KZbin. I froze one aspect of the video, and counted 42 people in the frame, but NOT ONE of them was discernably of Anglo/European extraction. Of the 42, I counted, 23 females clad with veils over their heads: meaning they were Muslims, and almost certainly to have gained entry into Canada on a humanitarian type visa. Therefore, it is also most likely that, they have limited skills, and an ordinary education, and will be an eternal burden upon the public purse(s) of the federal, and provincial governments. One of the people interviewed is Michael Brooks, who is the CEO of property management group called REALPACK. And the most significant thing he says in response to what the rabidly insane Open-Borders PM, Justin Trudeau, says with: “Housing is a human right. Our government recognizes that housing rights area are human rights. And everyone deserves a safe and affordable place to call home.” Michael Brookes’ response to that comes to pass with him saying: “There is zero literature in this country on what’s the private sector’s obligation is (with relation to) … being tasked with providing” housing for the poor. Obviously, the VAST MAJORITY of those who have to be housed, are lowly skilled, ileducated interlopers from the Third World, and their offspring. Well, the no-brainer answer to inhibiting the sociological catastrophe from exacerbating this disaster is blatantly obvious, and it involves IMMEDIATELY closing the borders to ALL of the interlopers currently in the Third World, who would seek asylum in Canada. It is also an absolute imperative to quickly deport at least, 150,000 international students from India, who are in the country studying Mickey Mouse, bullshit courses. Of course, it is nigh on impossible that this will ever occur, because the next PM, Pierre Poilievre, and his Conservative Party, are as committed to maintaining the WEF’s Open-Borders agendas, to interlopers from the Third World, as has been the case with Trudeau, and the Liberal coalition. To grasp the immense sociological horrors in store for Canada can be ascertained by way of examining how major cities and towns in Britain, currently are after 5 decades of being swamped with interlopers from the Third World.

[@vmarshall]

Exactly to many people to few houses.

[@anthonydemitre9392]

The Schiller Levi group is one of the worst in Montreal

[@tz7332]

The irony is that chances are the sheeple probably invested their RRSP, CPP in these corporate landlords - unknowingly

[@haboubia]

@@tz7332 That's the biggest problem of this system. As a worker, you don't even have a say on what's being invested in on your behalf and your money is used to fight against yourself.

[@Randy-MacDonald]

“Usual suspects”

[@love.kindness.respect39]

@@Randy-MacDonald Jihadist

[@markferguson4011]

The clear, and indisputable reason with why there is a housing shortage in Canada, is blatantly obvious upon viewing the CBC news story from Sept 9, titled, ‘Affordable Housing is Vanishing. Are These New Landlords to Blame?’ And this is palpably evident with merely observing the caravan of Third World interlopers you can observe in the protest marches in the CBC KZbin. I froze one aspect of the video, and counted 42 people in the frame, but NOT ONE of them was discernably of Anglo/European extraction. Of the 42, I counted, 23 females clad with veils over their heads: meaning they were Muslims, and almost certainly to have gained entry into Canada on a humanitarian type visa. Therefore, it is also most likely that, they have limited skills, and an ordinary education, and will be an eternal burden upon the public purse(s) of the federal, and provincial governments. One of the people interviewed is Michael Brooks, who is the CEO of property management group called REALPACK. And the most significant thing he says in response to what the rabidly insane Open-Borders PM, Justin Trudeau, says with: “Housing is a human right. Our government recognizes that housing rights area are human rights. And everyone deserves a safe and affordable place to call home.” Michael Brookes’ response to that comes to pass with him saying: “There is zero literature in this country on what’s the private sector’s obligation is (with relation to) … being tasked with providing” housing for the poor. Obviously, the VAST MAJORITY of those who have to be housed, are lowly skilled, ileducated interlopers from the Third World, and their offspring. Well, the no-brainer answer to inhibiting the sociological catastrophe from exacerbating this disaster is blatantly obvious, and it involves IMMEDIATELY closing the borders to ALL of the interlopers currently in the Third World, who would seek asylum in Canada. It is also an absolute imperative to quickly deport at least, 150,000 international students from India, who are in the country studying Mickey Mouse, bullshit courses. Of course, it is nigh on impossible that this will ever occur, because the next PM, Pierre Poilievre, and his Conservative Party, are as committed to maintaining the WEF’s Open-Borders agendas, to interlopers from the Third World, as has been the case with Trudeau, and the Liberal coalition. To grasp the immense sociological horrors in store for Canada can be ascertained by way of examining how major cities and towns in Britain, currently are after 5 decades of being swamped with interlopers from the Third World.

[@eatwalkchannel1401]

Why don’t they set an affordable range like how the set the wages for our job? so that house owner don’t ask for a fortune for a small condominium, which is ridiculous!

[@kelsmoshigh]

My repeat comment, why dont you buy something and rent to people for low or free

[@eatwalkchannel1401]

@@kelsmoshigh not to rent low or free. I wrote there for a affordable range which will be good for both side in case you didn’t read properly

[@joywebster2678]

Why does everyone try to live in Toronto when the previous Mayor was committed to a downtown full of Condos and gentrification? The new construction in all the cities along the great lakes in Ontario are Condos. No one is building new rental highrises. Downtown Kitchener is new Condos, yes they rent to students, but like the downtown Toronto Condos there is parking only for small cars the undergrpund spaces are tiny, the Condos are small in Sq footage, not suitable for a family. And very expensive.

[@seeya205]

What does that even mean? No one should tell anyone what they can sell or rent their property for! I'm not going to sell my house for less so that someone can afford it. No one did that for me! The only one that can build affordable housing is the government. You are not entitled to home ownership.

[@texasjack6289]

I pray you're not a grown adult asking that question? Do you know what communism is?

[@Zzfine-canadian]

We need better federal laws that make affordable housing a charter right. Being homeless because everything is too expensive isn't something our goverment shouldnt let happen. Its something a company would let happen!

[@michaelyun2407]

Then government should build more social and low income housing. Don’t push this on the private sector. Private sector is to make money that’s their goals. The government were ti build social and low income housing with tax we pay.

[@77batering]

You know something amazing? The right to remain silent and not be compelled to give testimony is also already a charter right under section 11(c) of the Charter, and guess what? That right is routinely violated in the case of many young people of color from disenfranchised communities because the police officers know they can't afford anything more than a public defender who can likely devote at most 2 hours/day of their time to each client's case. Point: your idealism for charter rights is misguided. Please think this through. 'Charter Rights' mean nothing except some pen ink on paper unless we actually have the means to enforce it. Simply codifying something in the Charter isn't enough. This requires proper systemic societal change and a willingness for us to grapple with the fact that, as much as Canadians complain about the price of housing, our aging population means a slight majority of our population are homeowners and are also the ones profiting from the bubble in this market. It's so much more complicated than anyone realizes and what we need now more than ever is compassion because there is just too much for one person to solve alone. There's no silver bullet. Charter rights won't fix this, but it might help.

[@kirkboivin4357]

You already have the right to live within your means. If your location or circumstances prevent that, then you need a change, not a regulation to make your problem someone else's.

[@seeya205]

You can't expect private owners to rent at a loss. No one would rent out properties. Only the government can build affordable rentals.

[@ant-1382]

63 years old, disabled. Count myself lucky got a really decent landlord, and my rent is affordable. I appreciate his investment, and don't begrudge his making a profit, just not an obscene profit like we see in some of these stories.

[@Mathew-zs3nz]

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that or generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 56.

[@Jasonshelton-]

I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.

[@Olivia-z5c]

I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too

[@FrancisWilliam-mv8tv]

I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

[@Olivia-z5c]

Finding financial advisors like Jessica Lee Horst who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@Agatha.wayne0]

Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.

[@ielZxro]

My favourite thing about the west, is the absurd, and commonly accepted belief that private investment will come along and save everything. Yet, in the entire post WW2 history, not a single country in the world has ever seen large scale development off private investment... It's not economical to build infrastructure, create supply chains, form new industry sectors, I don't see how this is any different. More people are going out of jobs, our industrial industries are almost completely stagnated, and all people can think of is tax different things, new regulations, or price caps.. Will enjoy watching this collective western dumpster fire in a year or so when I'm far away from this place

[@rainorshine7816]

Where are you going

[@tahirrizwan6759]

where are you leaving for?

[@MichaelBellefontaine]

GOOD BYE!

[@Zanduras1]

There is too much demand for rental units and not enough supply plain and simple. Mass immigration, massive money printing by the feds, not enough housing being built and foreign investors buying investment properties all have combined to create the perfect storm for renters.

[@b-rare]

I love how the one guy was complaining the cupboards don’t close properly but he’s paying well below market rents 😂 beggars man.

[@coolbuddydude1]

It’s water damage, faulty plumbing. I’m in the same situation. The building doesn’t want to do any repairs which they should be doing regardless how much you pay rent. It’s just a tactic to make you leave.

[@b-rare]

@@coolbuddydude1 isn’t this the same guy that’s on a “rent strike” meaning they’re refusing to pay rent . But still have these demands like water damage and cupboards not lining up right. Get real .

[@coolbuddydude1]

@@b-rare I don’t think he asked repairs during same time of the strike.

[@b-rare]

@@coolbuddydude1 during this recording he’s complaining whilst on rent strike .

[@coolbuddydude1]

@@b-rare he is just talking about old issues with the landlords to reporter.

[@Anarcho-Pragmatist]

In a sense, the working class have brought this on themselves. Many of our parents and grandparents sold off their family farms (both within Canada and abroad) in order to chase an urban dream. What happens when everyone wants to live in a city? It's a simple law of supply and demand. More people fighting over a smaller patch of land=inflated prices. That was to be expected. However, due to the length of time the working class has been trapping itself into debt slavery, it's no longer just the urban sphere that has been affected. Now, many are wanting to return to those family farms that their forefathers regrettfully sold off for peanuts, but are finding they can't even afford to do that. Why? The same money that allowed real estate investment firms to get rich off the urban sphere then became weaponized against the rural sphere, allowing for the monopolization of farming. What do you have to do if you want to get into farming these days? Rent a piece of land from a large firm - and the rates aren't cheap. From real estate to groceries to technology, all of our problems come down to monopolization. There is no question that at this point we have crossed the threshold into a new type of feudal dystopia. The question then becomes how do we exit this dystopia that we have created? The answer isn't easy, but we can be grateful that, at least in this country, it is still possible. Just as many of our ancestors took great risks to venture into less populated regions where there was little to no infrastructure or services, we are now called upon to do the same. This time, however, it will actually be much easier, as we now at least have things like roads, medevac choppers, and the internet. In many cases, all that is needed is for existing small towns to be brought back to life. Sure, there aren't any big bucks to be made in living in a modest home in the middle of "nowhere", but there can be freedom for those brave enough to grasp it. The indigenous peoples that inhabit some of these places once tried to warn us of the hubris that inevitably lead to the collapse of our way of life. Maybe now we'll start listening to them, apologizing for behaving so destructively, and fianlly treating their cultures with the respect that they deserve.

[@d-Danial-L]

There is no cheaper alternative to affordable rental units for many tenants who haven't seen their wages go up in a meaningful way in years. This is why access to affordable housing must be a right and housing should not be seen as just another profitable return on investment tool for the one percent!

[@gardencity3558]

Ok who do you expect to pay for all of this "affordable housing." ? You want somehting for nothing but that's not how life works.

[@stoneneils]

@@gardencity3558 Not entirely true. In my city there is a waiting list about 10 years for subsidized housing downtown...i know plenty of single dudes on it..they pay about $300/month for really nice studios or 1bedrooms depending on location..ie furhter out you get bigger place, downtown you get studio.

[@gardencity3558]

@@stoneneils Right so taxpayers are paying to subsidize those rents in thes eunit ofton regional housing (government). $300 doen't cover basic maintneance, water, proeprty tax etc. There are no free rides in life. This money is from taxes.

[@stoneneils]

@@gardencity3558 Do the math. $700 x 12 is 8.4k..so for 8.4 million 1,000 people get to live well. That is basically zero dollars compared to housing/dealing with homelessness and poverty issues..food banks..etc...ie a savings to the state. We have a few thousand units..so what..20 million a year..peanuts.

[@gardencity3558]

@@stoneneils In a perfect World yes but the moment government touches something it goes wrong. Most of these so called affordable units I've seen (Regional Housing) are set at $150-280 per month. Doesn't cover costs. Now up scale you idea, to a million units it's $8.4 billion If your logic were reality TCH would be the most successful not for proffit scheme in the World alas it's the largest slum lord in the country with a budget of 1.25 Billion and houses 60,000 people often in substandard conditions. No matter how you crunch numbers we can;t nor will ever be able to house all those in need on thetax payers dime. The private sector must do the heavy lifting.

[@MrJesseray06]

And yet not one politician ever brings up how the land transfer taxes effect home ownership. Especially in Toronto. And it's an up front payment.

[@ya472]

The MAIN issue is NOT high rents, it is LOW WAGES. 40 years ago my brother was making $16/hour as a Journeyman Carpenter, today, to cover inflation, he should be making $140/hour. Rule 7/10.

[@koro_kokoro]

It’s both

[@ya472]

@@koro_kokoro I agree, it is both, depending on your personal financial situation. The topic of concern is the decimation of the 'middle class'. Sadly, we have a 'class society'. However, the alternatives are more dire.

[@jctai100]

The whole system and in fact the cultural value of a home in Canada needs to change. That takes more than political will unfortunately, that takes culture shift. The home can no longer be a savings vehicle for retirement. It needs to be a utility rather than a commodity. There shouldn't be investable REIT's in the residential sector.

[@8bit_paul]

Exactly. Houses are for living in, not making money from. A whole generation is coming up who currently have no hope of owning a home outside of massive inheritance.

[@seeya205]

The dollar increases with inflation. You can't expect someone to sell a house they paid $60000 for 60 years ago for that same price. Also, you have to consider the costs of maintaining and upgrading over the years.

[@gardencity3558]

Like Cuba?

[@markferguson4011]

The clear, and indisputable reason with why there is a housing shortage in Canada, is blatantly obvious upon viewing the CBC news story from Sept 9, titled, ‘Affordable Housing is Vanishing. Are These New Landlords to Blame?’ And this is palpably evident with merely observing the caravan of Third World interlopers you can observe in the protest marches in the CBC KZbin. I froze one aspect of the video, and counted 42 people in the frame, but NOT ONE of them was discernably of Anglo/European extraction. Of the 42, I counted, 23 females clad with veils over their heads: meaning they were Muslims, and almost certainly to have gained entry into Canada on a humanitarian type visa. Therefore, it is also most likely that, they have limited skills, and an ordinary education, and will be an eternal burden upon the public purse(s) of the federal, and provincial governments. One of the people interviewed is Michael Brooks, who is the CEO of property management group called REALPACK. And the most significant thing he says in response to what the rabidly insane Open-Borders PM, Justin Trudeau, says with: “Housing is a human right. Our government recognizes that housing rights area are human rights. And everyone deserves a safe and affordable place to call home.” Michael Brookes’ response to that comes to pass with him saying: “There is zero literature in this country on what’s the private sector’s obligation is (with relation to) … being tasked with providing” housing for the poor. Obviously, the VAST MAJORITY of those who have to be housed, are lowly skilled, ileducated interlopers from the Third World, and their offspring. Well, the no-brainer answer to inhibiting the sociological catastrophe from exacerbating this disaster is blatantly obvious, and it involves IMMEDIATELY closing the borders to ALL of the interlopers currently in the Third World, who would seek asylum in Canada. It is also an absolute imperative to quickly deport at least, 150,000 international students from India, who are in the country studying Mickey Mouse, bullshit courses. Of course, it is nigh on impossible that this will ever occur, because the next PM, Pierre Poilievre, and his Conservative Party, are as committed to maintaining the WEF’s Open-Borders agendas, to interlopers from the Third World, as has been the case with Trudeau, and the Liberal coalition. To grasp the immense sociological horrors in store for Canada can be ascertained by way of examining how major cities and towns in Britain, currently are after 5 decades of being swamped with interlopers from the Third World.

[@alexanderpo185]

They want to live well in good housing but do not want to pay for it! It cost money and effort to maintain a house!!!

[@tatianastarcic]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[@ChristianKelv]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@DorathyJoy]

You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.

[@Hectorkante]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@DorathyJoy]

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

[@BellamyGriffin19]

I located her through google, sent her an email, and scheduled a call; hopefully, she will reply because I want to start the new year off financially strong.

[@shanerob681]

Unfortunately, it doesn’t seem any level of government is making any serious effort to address the issue of affordable housing. I think they are hoping people will just move to more affordable cities. In years to come, I think fewer people will be willing to rent out their homes because the risk is too great and then renters will only be left with traditional rentals which appear to have more power to evict tenants.

[@user-tg3gq2df5g]

The government has no problem funding millions to government owned news channels like CBC to spread stories that it is large institution at fault when the government is equally at large to blame (or more)

[@rainorshine7816]

Where is the money coming from for people to move. Moving is a costly expense Most people are stuck or trapped where they are because there is no help

[@mikeh2129]

​@rainorshine7816 Exactly. Even with a full time job there's people that are still stuck where they are. It's a fact of life these days

[@KevinReynolds-ve9fu]

I lived in a Toronto park for 3 months, as dark as things got, there were these moments of peace and tranquility. That underlying panic and anxiety that I'd felt varying amounts of for years was gone. That was almost 8 years ago, homelessness has been nipping at my heels ever since. The panic and anxiety returned except now I have less energy in the bank to curb it.

[@syeina]

We need to add the cost of housing back to our inflation measurements in Canada. It's ridiculous that it isn't part of it anymore

[@mariusfacktor3597]

What percentage of Toronto's land is single family zoning only? 75%? What percentage of Vancouver? 80%? The cities have themselves banned low-cost housing on most parcels of land. I'm sure there are landlords raising rents but let's first do what is in our control (meaning government policy) and abolish exclusionary zoning.

[@lrg3834]

It's not complicated to understand. If you take too much money away from household incomes, to pay rent and mortgages, the net result is less consumer spending in the general economy, leading to layoffs, downsizing and bankruptcies. Then if you keep importing more and more people from abroad, you further depress wages, and put even more pressure on housing availability and affordability. If the Federal Government cared about the average working Canadian, it would not be allowing 450,000 new immigrants in 2024, 500,000 in 2025 and 500,000 in 2026. This is irresponsible and downright malicious, given the housing/economic crisis. The solution is simple. 1. STOP all immigration until all problems are fixed. 2. CANCEL all visitor/student working VISAs. 3. DEPORT all temporary foreign workers. 4. Develop a comprehensive national plan to supply sufficient housing to meet demand, so prices can stabilise and go back to affordable levels. 5. START encouraging new industries and strengthening existing ones. 6. STOP voting for drama teachers!

[@user-gv8of3co8x]

alas.., logic and common sense are not in favor with liberals.. even more than that - these words may be politically incorrect words soon ;

[@MagisterXII]

Our country is massive. Quit overpopulating the Toronto area and encouraging family and friends to do the same. Go elsewhere

[@markb7081]

The issue is the immigrants that move to Canada have zero interest in moving to a small country town and almost none of them have any construction skills. If they do its not up to the same standards that canada has.

[@staceym1292]

Toronto has the best wages in the country

[@user-tg3gq2df5g]

Exactly! You don't need to live in Toronto. In fact, you don't need to live in this country. You have freedom but people choose not to. So they should stop complaining

[@saifchowdhury3581]

To be honest even Toronto is not overpopulated. In some metrics it is under populated. Compare it with other western cities. See the ratio of people/land. It is a myth that Toronto is overpopulated

[@gigilachaille5014]

No keep the Toronto trash where they are please 😊

[@Metalblaze124]

This kind of greed has been the single worst thing to happen to Canadian citizens. The 'corporate ownership' ideal has spread to small time investors too. Greed is consuming our society and no one up above cares. This is the first exposure of this and it's disgusting. Where have you been CBC? Why are you not getting this stuff WHEN IT HAPPENS?

[@martyvandenberg9914]

Unfortunately there is a housing shortage and an overload of people the government is letting into the country. The large corporations wouldn't have the power to jack up rents if the housing market was in a relative equilibrium with the amount of people. Unfortunately leftist governments and nimby attitudes have created a huge impact on even starting costs in new building enterprises.

[@Rastelle7]

1 common denominator in all this-Trudeau. He must go!

[@Bren.L.A]

It’s not just the large Canadian cities; those of us in rural areas are also struggling to find affordable housing.

[@jelosanquino7822]

Please keep this type of topic going! Congratulations CBC.

[@jimmiller6704]

Anytime there's money to be made and no taxes are charged people flock to it. Gov. is to blame. They need to be charging taxes on all types of properties, from principle residences to... after inflation is taken into account,. Now the price of housing stabilizes. No I'm not advocating for us to pay more taxes, rather a shift in where they come from. When more tax comes in from the sale of housing gov. could reduce taxes on other. Plants and seeds for example. It's not the grocers fault they are making huge profit it's ours. Few are growing plants that supply food. So we raise taxes on the profit made from housing then cut taxes on all plants and seeds that provide food.

[@garysimmons3166]

Canada needs to no longer allow individuals or copeporations to own more than one home. ONE HOME PER PERSON. Anything more is greed.

[@svitlana212]

most will not be able to keep up with the house ownership anyway. its easier to complain ...

[@octranspo_owl]

@@garysimmons3166 You'd probably need to compromise if you want anything to pass. 3 homes max should be enough freedom. One main home, one summer cottage and one rental unit.

[@pianoman47]

Build more housing. Isn't it that easy? Take some leverage away from the landlords who currently know they can get away with charging whatever they want because there's a lack of supply. If the government doesn't want to subsidize housing, then subsidize construction. Also, it's ridiculous that huge areas of Canada's major cities are zoned for single family houses only when we're in the middle of a housing crisis. There are other barriers to construction, but come on... remove that one, very obvious obstacle. It comes down to the fact that housing is a human necessity (a human right, even), but it's been turned into a commodity. Now, some people are profiting by exploiting others, knowing they can get away with it because people need a place to live. 22% in two years is insane. (As a side note, please don't blame immigrants for the housing shortage. Blame the policies that haven't allowed enough housing to be built to keep up with the population growth).

[@hyancarr]

If Landlords are deemed greedy & evil; and should be kicked out of the rental market, then ask Trudeau to write the cheque and buy up all the rental units and provide affordable housing for all.

[@katherine7177]

It’s ridiculous to think landlords are the problem when housing is more expensive to buy than rent.

[@fauna3989]

Blame the government and the banks.

[@eliseren9127]

Why is the Canadian government sending hundreds of millions of dollars to foreign countries when we have problems here at home?

[@johnnyforz]

No kidding

[@sherbournesubwaymess]

As a smalltime landlord, the number one rule: If you want to have tenants that pay on time, don't destroy the unit, make your life a living hell? Answer: Raise the rents. Higher rents gets rid of the 'serial tenants', the ones that don't pay rent, destroy the unit and holds it as 'ransom' to try and get a 'cash for keys' (where the landlord gives the tenant hard cash so they can leave). As for the tenant who was complaining about his cabinets/floor. That's a serious job requiring tearing out all the parquet flooring and the kitchen fully demolished/reno'd with customized cabinets. At this point, it's cheaper to renovate the entire apartment including the washroom. Here's the problem. Contractors do not like working in a unit where the tenant and their stuff is there. There's a lot of reasons, but the big one: It's a total liability. Too many times I've had tenants accuse the contractor of 'stealing' their 'valuable' stuff (yeah right) or the contractor 'leaving nails all over the place which they stepped on'...even though my contractors used screws. One landlord in 2023 was ordered by a Halifax court to pay $15K 'damages' to his tenant because he renovated the tenants unit and the tenants toy car collection was 'damaged' after being put in plastic bags. I now prefer having a security camera recording the entire reno, but tenants refuse that due to 'privacy' concerns. I just want the camera to protect my contractors from BASELESS ACCUSATIONS. The real answer: Only large corporations can financially/MENTALLY deal with these hellish tenants. I can't anymore. My units are now vacant and they are worth more vacant than rented.

[@joelchambers]

in short, we've neglected these buildings for decades in the name of profit and now that the buildings are falling apart because of that we're going to jack the rent in the name of profit

[@JA-mq9ti]

Rents are rising but jobs pays peanuts, most of your money goes to taxes too. Sounds great!

[@user-by3nd4rm6c]

And federal government doesn't appear to be making conscious effort to pay down it's debt

[@Reddfrogg]

If more than 50% of your pay goes to taxes, you earn more than 250 000 per year. How do you expect to gather sympathy ?

[@texasjack6289]

​@@Reddfrogg there's more to it than just income tax. And nobody asked for your half-wit sympathy.

[@jordanmeyler9239]

@@Reddfrogg you're only considering income tax, we pay multiple taxes on every item we purchase, there's also property tax, carbon tax etc.... If you break it all down, most people pay at least 50% of their money to taxes.

[@talktothehandreviews]

@@jordanmeyler9239 That's BS. Where's your source for that because you're wrong. You can't blame greedy landlords and investors on the government. You can't blame a 3cent a litre carbon tax that most people receive back. Where do you get your information, Alex Jones?

[@RC-eb5hb]

companies also need to pay higher wages. not for entry level work, but for skilled and experienced workers. salaries have been stagnant for far too long. wage growth has been supplemented by increase in debt.

[@michellebuckland3436]

Preach it!

[@oof5115]

"who will buy the buildings" there are other ways to collectively own an apartment building. How about more housing co-ops? That corporate talking head only cares about money lol

[@MichaelBellefontaine]

WELL SAID!

[@speedyGabriel]

nothing stops a coop from buying one of these buildings, when they are for sale, the seller will sell to anyone ... or wait you want them for free?

[@KennethYimHomes]

The problem with co-ops is that they usually turn to slums. Without money, they can’t keep up with the rising costs of construction and trades for capital improvements, let alone repairs and maintenance. Yes everyone wants affordability, but someone has to pay the bill. For that tenant with old cabinets, I mean, it didn’t get that way on its own. He can’t possibly expect to pay low rent (or not even pay at all) and expect a brand new kitchen! If you want to fix the sliding drawer mechanism, go fix it yourself. And pay your rent!

[@henrymiecz8566]

So your solution is to tell people to BUY units they can't afford rents for? Obviously you need a course in basic business.

[@BlueToronto]

I know. The buildings they bought up were owned LONG BEFORE they arrived. It's not like the buildings would have been ownerless if they didn't show up.

[@ireneklassen9905]

When rent is more than a monthly mortgage payment , there's something very wrong.

[@thesheeplelookup]

Journalism is necessary for the function of democracy. The algorithm cannot speak of certain things. Early in the crisis there were journalists, doctor, economists warning of the over response, oxfam reports that nearly 7 trillion dollars ended up in private equity. they bought real estate as a hedge against inflation, now we are here. We need a CBC that has its own nation wide video channel, free of corporate algorithms. can that be done.?

[@chizzymomentum1807]

It’s sad. Landlord care about their money it’s a greedy world!!! We should blame our wicked government.. for not making social housing a priority..

[@nitsakalkinis4135]

😂😂😂and the professional deadbeat tenants have nothing to do with anything??? Destruction, fraud, extortion, theft….all legal I guess!!

[@seeya205]

What? LMFAO! Of course, they need money to cover their costs. Do you think they are going to pay for you to live? Do you sell anything at a loss? No, you sell it for whatever you can get for it. Should I be able to tell you to sell your car at a loss so I can afford it?

[@johnkuchta6866]

Short supply is to blame not landlords! You can’t keep bringing people here and not have anywhere to house them.

[@JeffBuffalari]

I didn't become financially independent until I was in my late 40's, and I'm still in my 40's. In addition to having purchased my second home and earning money on a monthly basis through passive income, I've also achieved three out of five goals. I just hope this inspires someone to realize that it doesn't matter if you don't have any of these things yet, you can start today no matter your age. Change your future by investing! I made a rather big decision by investing in the financial market.

[@KurtOsinski]

Investing in many sources of income that are independent on government paychecks is the prudent thing that everyone should be thinking about right now, especially given the global economic crisis. Stocks, forex, and digital currencies are still good investments at this time.

[@RachelMims-l8n]

To be honest, investing rightly today can save you a whole lot of stress in the nearest future.

[@AmeliaMaranoMcDermott]

This is superb! Information, as a noob it gets quite difficult to handle all of this, and staying informed is a major cause, how do you go about this are you a pro investor?

[@JeffBuffalari]

All thanks to Jaspreet Singh with his investment advice, at least I can afford a good home and also have to retire early.

[@SharonCharlesworth]

Wow, so you achieved all that through the help of Mr Jaspreet Singh? That's impressive because I have heard so many good things about him

[@supervolcano-s8c]

The only solution is no rent control.

[@andrews4502]

Most individual landlords are not greedy but scared of the squatters, the high rent charged and extensive background checks are almost like a personal safety measure. Unless the gov does something to ensure it doesnt take 50yrs to evict a bad tenant this is going to be the unfortunate outcome.

[@sasrunnervideo]

Immigration system is broken. Thank you Liberal and NDP.

[@Isjan-og4ph]

hey, did you know Software As Service means SAS, r u a road runner and make videos?

[@Tiredtonsofclay]

A quick google search will tell you that there was roughly 230000 new units built last year. There were roughly 450000 new immigrants. You’d think the Canadian government would know better.

[@joywebster2678]

And I see the refugees and asylum seekers get to take over seniors rental buildings as a " emergency measure". Well where are the seniors who need that lower rent apt building supposed to go? I've been told that seniors should share bedrooms on any rental they can find, but the refugees get the full apts? Something is messed up.

[@seeya205]

Exactly! Their overspending/wasteful spending also caused interest rates to triple. They need to put the blame where it belongs!

[@antoniotsui6952]

But who pay for the repairs or upgrades if the landlords cannot increase the rent for improvements?

[@rickagfoster]

Correct. The CBC is allergic to such common sense. Economics 101: if you want to make sure the public has less of something, introduce price controls.

[@larrymacdonald4241]

Increase rent to cover cost ok, but they have more than doubled.... a 1 bedroom used to go for about $800 a month, they are now over $1500 a month in less than 10 years....

[@michellebuckland3436]

That's even if they do it which MANY of them don't -- and still raise the rent.

[@rickagfoster]

@@michellebuckland3436 Landlords are limited on how much they can raise the rent if the upkeep is terrible. Make the rules more conducive for investment and you'll see far more rental units popping up, forcing landlords to properly maintain units to keep them competitive.

[@d-Danial-L]

@@larrymacdonald4241 where exactly can you find a one bedroom for $1500 in the GTA? cheapest I've seen is $2200!

[@Lukiel666]

In the last 10 years my rent has more than doubled. It is also increasingly hard even to find a rental in a comfortable situation.

[@DarrylSmith1968]

"Comments remain closed on other videos to try to reduce harm to the subjects of our content, our staff and the audience" Or so you can't be called on your outright lies?

[@mastertech9680]

1 million dollar property, 200k down, mortgage,tax, and maintenance come around $5000. Now tell me how a landlord can make it affordable to renters?

[@crazystewart34]

Simple.... Landlord puts $800k down on a property. That is how you make money to cover the costs of operations.

[@mastertech9680]

@crazystewart34 someone has to do it, if individual won't do then corporations will do, renters for life wants Govt to own residential complexes like Russia or Venezuela.

[@crazystewart34]

@@mastertech9680 spare me you WEF nonsense

[@mastertech9680]

@crazystewart34 what is wef?

[@carlyar5281]

That’s a good point when talking about an individual renting a single family home or duplex. But the issue is the multimillion or billion dollar property investment companies owned by private equity firms that are screwing everyone over.

[@alexsimpson6452]

Corporate landlords just want rents to be as high as possible so they have the greatest return to their shareholders. The government should buy units off of them and stabilize rents.

[@texasjack6289]

No! Keep the government out! It should be so easy to get building in this country. Government needs to go back to letting building be profitable. Right now, over a million able-bodied people sit at home collecting off the government while business and workers get hit with taxes. Workers, lumber, open land, and funds - all at our fingertips - and we build less houses today than decades ago! Red tape, regulations, taxes on job creators, and benefits for bums need drastic cuts!

[@gardencity3558]

You mean like Cuba?

[@SunflowerFlowerEmpire]

Everyone is to blame. We don't have #ubi and subsidized rent to help tenants now. There is no will to help citizens. Shame.

[@BrendaMcLaughlin-xe5dj]

UBI would be the worst way to grow our country. We could combine federal & provincial programs . Less burocrats & more money to go around for those in need.

[@user-TolleLege]

How about investigating the compensation package to CBC executives and the bonuses paid out - Defund CBC

[@Kanis5000]

Yes. Unless the government suddenly increases your property taxes by 500% there is no reason to charge tenants as much as they do.

[@k1e1v1i1n]

Landlords do not create housing they only gatekeep it. but it is only a part of the issue. immigration is a huge part of it. if we rolled back 1-2 million people in this country housing would be cheaper as there would be less people fighting for every space. just like food when you have less mouths to feel things become easier. hospitals become less crowded and doctors are freed up to take on new patients. we are told every day to look at the symptoms like they are the main issue but it all leads back to immigration.

[@pranteranaud3617]

🎯 Immigration is the cause of this 100% and anyone who's born here knows this very well.

[@markferguson4011]

The clear, and indisputable reason with why there is a housing shortage in Canada, is blatantly obvious upon viewing the CBC news story from Sept 9, titled, ‘Affordable Housing is Vanishing. Are These New Landlords to Blame?’ And this is palpably evident with merely observing the caravan of Third World interlopers you can observe in the protest marches in the CBC KZbin. I froze one aspect of the video, and counted 42 people in the frame, but NOT ONE of them was discernably of Anglo/European extraction. Of the 42, I counted, 23 females clad with veils over their heads: meaning they were Muslims, and almost certainly to have gained entry into Canada on a humanitarian type visa. Therefore, it is also most likely that, they have limited skills, and an ordinary education, and will be an eternal burden upon the public purse(s) of the federal, and provincial governments. One of the people interviewed is Michael Brooks, who is the CEO of property management group called REALPACK. And the most significant thing he says in response to what the rabidly insane Open-Borders PM, Justin Trudeau, says with: “Housing is a human right. Our government recognizes that housing rights area are human rights. And everyone deserves a safe and affordable place to call home.” Michael Brookes’ response to that comes to pass with him saying: “There is zero literature in this country on what’s the private sector’s obligation is (with relation to) … being tasked with providing” housing for the poor. Obviously, the VAST MAJORITY of those who have to be housed, are lowly skilled, ileducated interlopers from the Third World, and their offspring. Well, the no-brainer answer to inhibiting the sociological catastrophe from exacerbating this disaster is blatantly obvious, and it involves IMMEDIATELY closing the borders to ALL of the interlopers currently in the Third World, who would seek asylum in Canada. It is also an absolute imperative to quickly deport at least, 150,000 international students from India, who are in the country studying Mickey Mouse, bullshit courses. Of course, it is nigh on impossible that this will ever occur, because the next PM, Pierre Poilievre, and his Conservative Party, are as committed to maintaining the WEF’s Open-Borders agendas, to interlopers from the Third World, as has been the case with Trudeau, and the Liberal coalition. To grasp the immense sociological horrors in store for Canada can be ascertained by way of examining how major cities and towns in Britain, currently are after 5 decades of being swamped with interlopers from the Third World.

[@MaximilianFischer497]

However, I'm concerned about the trend of 'financialized landlords' turning housing into investments, making it harder for individuals to achieve homeownership. I hope my story inspires others to explore alternative investment paths, like the financial market, which I've found rewarding. Remember, taking control of your finances and investing in your future can lead to a more secure and prosperous life.

[@AshleySommerset808]

To counter the trend of 'financialized landlords' turning housing into investments, I propose that new builds should be conditional on equal land being developed under non-profit models. Co-operatives and Non-Profit Housing Societies should be incentivized and prioritized over profit-driven companies, and regulations should be put in place to prevent the exploitation of housing for financial gain. By promoting non-profit housing models, we can ensure that housing is treated as a fundamental human right, rather than a commodity for investment, and create more equitable communities.

[@henryallard245]

Diversifying your income streams beyond government paychecks is a wise move, especially during these uncertain economic times. Investing in multiple sources of independent income can provide financial security and peace of mind. While the global economic crisis presents challenges, opportunities still exist in various asset classes. Stocks, forex, and digital currencies remain viable investment options, offering potential for growth and returns. By spreading your investments across these different classes, you can minimize risk and maximize your financial resilience.

[@MarshalWagner457]

Staying informed is crucial, but it can be challenging to keep up with the vast amount of information available. I'm not a professional investor, how do you go about this are you a pro investor?

[@henryallard245]

My CFA ’Rebecca Noblett Roberts’, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@EvelynBrooks0]

Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.

[@NoName-ys7co]

The 10 billion wasted on the CBC over the last 8 years could have built 25,000 single bedroom units.

[@createone100]

So glad to see renters standing up for themselves!

[@love.kindness.respect39]

Stealing and lying? looks typical for him

[@MrPchui]

you can complain all you can but go blame gov. private landlord is biz making profit and they do paid "TAX" who offer market price rental not provide affordable housing that's gov job spend all our tax dollar to their salary, biz trip(20 dollars orange juice), pension and bonus.. Gov can put more strict rule for private landlord but side affect is less rental or new rental unit so it's not simple solution as gov wasn' spend on affordable housing for 20+ yrs..

[@super-w5c]

My husband and I are landlords years back and the tenants are so unfair they wanted more and more but don't do thier obligation to pay the rent. My husband and I sold the rental property to avoid more loss of money and time. Not all tenants are bad but most of them are so bad I don't want to own rental property anymore. Landlord in Canada is not the priority of the government

[@Riggsnic_co]

After I sold some property in 2020, I'm anticipating a housing crisis in order to buy inexpensively. As a backup plan, I've been thinking about purchasing stocks. What recommendations do you have for the best time to buy? On the one hand, I keep reading and seeing trader earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

[@JacquelinePerrira]

Most people are unable to stand a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.

[@Jamessmith-12]

Tthe US stock market had been on its longest bull rally ever makes the widespread worry and enthusiasm understandable given that we are not used to such unstable markets. As you pointed out, it wasn't tough for me to earn over $780k in the last 10 months, so there are chances if you know where to go. I hired a portfolio advisor since I was aware that I needed a solid and trusted plan to survive these trying times.

[@kevinmarten]

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

[@Jamessmith-12]

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

[@kevinmarten]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@nariskotchg7598]

Why are individual for profit businesses being blamed for the government’s lack of infrastructure and housing planning? This article displaces blame from a recklessly spendy federal government

[@crazystewart34]

Because it is REITS that are the cause of this gouching problem. They often set the rates that other landlords follow.

[@christinawinchur8049]

If these OLD buildings are such a problem (because they are OLD) then don't buy them! Making money off of turning over every unit in Toronto every two years is not sustainable, even for investors.

[@222INFINITY]

Housing, rents, homelessness (mostly but not all), inflation, food prices, well paying jobs, immigration, solving climate change, and growing the economy, are all an easy fix. No country in the world, including the US is in a better position to move forward on all these issues than Canada is.

[@Planner38]

CBC covers a story that is fundamentally about economics but does not provide any specific numbers. Numbers are hinted at ever so slightly, and only enough to make landlords look greedy and unreasonable. So let us start with the following: Canada is still in the midst of the worst inflation in 40-years and the Bank of Canada has significantly increased interest rates, which has increased borrowing costs for everything from automobiles to homes. Often people with mortgages have seen their monthly payments increase hundreds of dollars just to service the dept. If you own hundreds to thousands of rental units, your monthly borrowing costs might have increased by millions of dollars. There are several references to "affordable housing" with no definition being provided. Historically, affordable housing was defined as housing costs that did not exceed 30% of a household's gross monthly income. Of course, this threshold would vary from household to household and from city to to city. The sad reality is that "affordable housing" no longer exists. Whether you rent or you own, you are simply paying more for accommodation This reality is reflected in the average monthly rent for all housing types exceeding $2,100 and the average Canadian house selling for more than $600,000. Affordability does not improve with the "affordable housing" that Trudeau and his clowns want to build. A single, simple one or two bedroom apartment cannot be built for under $300,000. The only person for whom this unit is affordable is the person that is fortunate enough to pay significantly less than market rent to occupy it. The unaffordability of affordable housing only increases when you consider that much of it is being constructed with borrowed money, which will constrain the ability of governments to lower taxes long-term, and the rent subsidy is something taxpayers will bear long-term. The cost of materials and labour for new construction and renovations is astronomical. For example, the installation of a title tub surround will cost me $5,000 and the installation of a new door will cost $2,200. The replacement of an average sized window exceeds $1,100. These types of costs also apply to older apartments like the one occupied by Hal Ali. That apartment does not need a few repairs and a coat of paint. Rather that apartment needs new flooring and the gutting of the kitchen and bathroom. There is the possibility that many of the windows and the patio doors also need to be replaced. These renovations, which are necessary to keep an apartment habitable long-term, can cost tens of thousands of dollars per unit. These costs are not covered by the permitted rent increase, which has likely already been used to pay for increased costs relating to insurance, water, municipal taxes, etc. The only way to cover these costs is to increase the monthly several hundred dollars. It is only fair for the tenant as the primary beneficiary of the renovations and as the end user of housing to pay these costs. For somebody like Ali, there are a few options which do not involve a rent strike. These options include finding a way to pay higher rents (unlikely), moving to a more affordable unit (unlikely), finding friends and relatives with whom he can share housing costs, and applying for one of the unaffordable affordable housing units.

[@markferguson4011]

The clear, and indisputable reason with why there is a housing shortage in Canada, is blatantly obvious upon viewing the CBC news story from Sept 9, titled, ‘Affordable Housing is Vanishing. Are These New Landlords to Blame?’ And this is palpably evident with merely observing the caravan of Third World interlopers you can observe in the protest marches in the CBC KZbin. I froze one aspect of the video, and counted 42 people in the frame, but NOT ONE of them was discernably of Anglo/European extraction. Of the 42, I counted, 23 females clad with veils over their heads: meaning they were Muslims, and almost certainly to have gained entry into Canada on a humanitarian type visa. Therefore, it is also most likely that, they have limited skills, and an ordinary education, and will be an eternal burden upon the public purse(s) of the federal, and provincial governments. One of the people interviewed is Michael Brooks, who is the CEO of property management group called REALPACK. And the most significant thing he says in response to what the rabidly insane Open-Borders PM, Justin Trudeau, says with: “Housing is a human right. Our government recognizes that housing rights area are human rights. And everyone deserves a safe and affordable place to call home.” Michael Brookes’ response to that comes to pass with him saying: “There is zero literature in this country on what’s the private sector’s obligation is (with relation to) … being tasked with providing” housing for the poor. Obviously, the VAST MAJORITY of those who have to be housed, are lowly skilled, ileducated interlopers from the Third World, and their offspring. Well, the no-brainer answer to inhibiting the sociological catastrophe from exacerbating this disaster is blatantly obvious, and it involves IMMEDIATELY closing the borders to ALL of the interlopers currently in the Third World, who would seek asylum in Canada. It is also an absolute imperative to quickly deport at least, 150,000 international students from India, who are in the country studying Mickey Mouse, bullshit courses. Of course, it is nigh on impossible that this will ever occur, because the next PM, Pierre Poilievre, and his Conservative Party, are as committed to maintaining the WEF’s Open-Borders agendas, to interlopers from the Third World, as has been the case with Trudeau, and the Liberal coalition. To grasp the immense sociological horrors in store for Canada can be ascertained by way of examining how major cities and towns in Britain, currently are after 5 decades of being swamped with interlopers from the Third World.

[@J-kade]

Without profits, we don’t have rentals. We have a supply and demand problem, supply takes time to bring online - but it does appear that organizations like CMHC and BC Housing and working to help balance these scales. We’re in for a rough ride, but we need to keep pushing through until new housing comes online.

[@larrymacdonald4241]

ya uh I think you need to learn a thing or two about how the world works... greed and corruption are to blame for the prices

[@toddygallent7258]

Is strange no one talks about taxation in Canada. They should be protesting in Ottawa. The Canadian liberal government has created unaffordable housing through taxation but no one seems to understand issue

[@ZoomZoomMX3]

8:25 he's right these apartment buildings are almost due to be tore down and rebuilt. Again move to rural areas, perhaps make these landlord corporations make affordable options in the rural areas.

[@homer30]

The government of Canada doesn't really like social housing because it sees housing as belonging to private sector. It's the private sector which should manage housing and not the government. Government handling housing is perceived as SOCIALISM and the government doesn't like that. Government wants market economy, not collectivism.