@ronmortgageguy I hear people saying the similar things about edmonton where I am but there was no big run up. Would love your take on some of these other markets where people think the same things going to happen here as have happened in those markets
Could it be that home prices have gone up, interest rates have gone up, taxes have gone up, cost of labour and material has gone up, utilities have gone up making the need for higher rents required just to sustain the housing that’s available? If all of these were lower I guarantee rents would be as well.
It most cases it is still cheaper to rent than own, with landlord sublimating the expenses out of pocket. The benifit seen is long term for landlords in appreciation and pay down. We can’t expect landlord to subsidize renters to the point it cannot be sustained. At the same time renters can only afford so much and it will self regulate.
But if you want more affordability in rent we need more price affordability and sustainability in that list of expenses.
@markselliott@ronmortgageguy The tail end of the LOA era. It was its own form of inflation in that market. They started ensuring more camps were built and used and when the fires hit there was a massive move to camps not only from the oil companies but contractors and employees as well.
@Tablesalt13 Could you imagine picking a premier, mayor, prime minister or president solely based on gender? Nothing to do with their ability, or your confidence in them. Women don’t have a right to be president and neither does a man. That is not sexist and sure doesn’t set progress back.
Here's someone who actually worked on the aborted upgrader project a decade ago -- the one to which Rachel Notley offered $440M in loan guarantees, and claimed construction was "already underway". https://t.co/I740fstvoe