Comments on: Could Canada’s housing market wind up like Europe’s? Experts weigh in

By: Paul Tate

Paul Tate — Mon, 12 Aug 2024 14:03:48 +0000

Well said, Mike Reilly !!

By: FS

FS — Wed, 07 Aug 2024 16:10:34 +0000

In reply to FS.

Sandra, I also am an immigrants. I am also very familiar with the imigration process, having family and friends as immigration officials and one a judge.

I do agree that that’s this is a great country and proud to call it my country.

A great number of immigrants that have come to Canada in the last number of years, also come because of what the country can do for them, not what they can do for the country while bettering their life.

This is very visible!
We as Canadians if having to move to another country, don’t expect that country to change laws to adjust to our customs. We adapt and respect theirs.

In Canada we change laws and have to adapt to all others.

Where is the Canada now?
What will Canada be in another 10, 20, 30 years?

Shouldn’t an immigrant expect to have to respect and adopt the customs of the contry they chose to move to?
Is it not because Canada is a great country the reason they chose to come here?
So why try to change it?
If you what you had, why come here?

By: Elaina

Elaina — Tue, 06 Aug 2024 15:45:16 +0000

In reply to FS. 100% agree. Born Canadians are no longer the priority of both federal and provincial governments. It's sad and pathetic.

By: Sandra

Sandra — Sat, 03 Aug 2024 01:26:19 +0000

In reply to FS. Not so sure if you are aware of the immigration process. I agree numbers need to be cut down but I suggest you go on line and find out what it takes to become a permanent resident. Most of "us" are immigrants and I don't know of anyone who has not made a better life for themselves in this beautiful country.

By: sabine nassar

sabine nassar — Sat, 03 Aug 2024 01:19:00 +0000

In reply to Ted Fifty.

I was laughing out loud when I read the locations mentioned……I know Budapest is an expensive city but to throw Malta and Estonia in the mix is a joke.

By: Mike Reilly ( Real Estate Appraiser with Macintosh Appraisals Ltd. )

Mike Reilly ( Real Estate Appraiser with Macintosh Appraisals Ltd. ) — Fri, 02 Aug 2024 21:38:10 +0000

One of the biggest roadblocks to increasing the supply of housing is the Bank Of Canada . Some how the Head of the Bank Of Canada thinks that it is his responsibility to keep a lid on the Price Of Housing . What he fails to realize is that the housing market in Canada is basically a fully transparent self governing market . Nobody can force a buyer to buy or a seller to sell . When buyers believe that the prices are too high they don’t buy causing the prices to come down, when buyers believe the price is right they buy . The Housing Market is totally self regulating when left on its own but when other factors are added to the mix they can have an adverse affect on the market .At the present time I believe that the two largest contributors to inflation are the Bank Of Canada Interest Rate and the Carbon Tax . These two factors are holding back many developers from proceeding with constructing new Housing .

By: FS

FS — Fri, 02 Aug 2024 17:58:24 +0000

Oh! And let’s increase the immigration numbers. This will surely help with the housing shortage.
Let’s bring in the people that contribute nothing and suck the economy dry.

How about putting a hold on immigration until we have housing under some kind of reasonable control.

If opening to immigration, why not be more selective to those with trades we need!

Ontario – maybe repairing the bs with LLTB and making it easier to evict bad tenants, and looking after good landlords, maybe we could get more buyers to invest in rental properties.

No landlords, no rentals, shortage of housing for those who cant afford.

And, as much as some may disagree, put a complete end to foreign buying.
We don’t need outsiders driving the prices up and making it difficult for hard working Canadians to own.

By: David Davidson

David Davidson — Wed, 31 Jul 2024 18:11:20 +0000

Given the current trends observed in cities like Vancouver and Toronto real estate markets—characterized by rising interest rates, potential market corrections, and changing buyer sentiment—is it plausible that we will see advertisements reflecting significant price reductions like “was listed at $1.5 million now at $900,000.” Can the current housing market in Toronto and Vancouver recover without a housing crash.

By: Ted Fifty

Ted Fifty — Wed, 31 Jul 2024 13:05:13 +0000

It would be more appropriate for Mr. Alexander to refer to stats in relation to ownership for locations with bigger populations and economic opportunities like Dublin, London, Paris, Rome and other major metropolitan centres. Locations like Estonia are less relevant as a comparison.