@JohnPasalis We can now probably conclude that immigration is really the federal government's "Human Quantitative Easing" program that props up prices during a downturn.
Why is it taking so long for Marc Miller to stop the damage being done?
Why isn't Sean Frasier speaking up having already done the damage?
Why isn't Trudeau taking ownership and actually doing something?
@ZeromuSPlays@ronmortgageguy@JohnPasalis So 20 yrs until the average joe can afford a home in their mind? Because you'd need that long for inflation to double the purchasing power of the average Canadian by that amount.
@truenorth12mike @JohnPasalis@ronmortgageguy Any extra supply from any source will result in some people leaving the market as they buy and thus that will reduce the demand going forward.
It's impossible. Someone has to lose. Gov-built, special small condos, whatever... it will all dry up demand going forward.
@MarcMillerVM "Our drink isn't concentrated enough... Quick! let's pour more diluted stuff in it! That'll solve it! "
Immigrants like me are less likely to work in construction... until we enforce that >30% of immigrants are to be skilled in construction, it will get worse.
@HonAhmedHussen You're announcing 500 units as if it addresses the 500,000 to 1,000,000 new people entering Canada each year... that is the definition of political theatre.
@SusanDelacourt Why 2023? Why not 2022? Why do millenials have to wait yet another year to afford a home?
Where are the specifics on tackling investor demand that's crowding out first time home buyers?
If that were true why aren't you clamping down on speculation and enforcing strict reporting of ultimate beneficiaries owning homes?
Why only focus on supply-based strategies that won't make a significant dent for 2-5 years? Good luck to millennials trying to start a family.
Our government’s first and foremost priority is: Canadians.
Yesterday, at the National #HousingSupplySummit I met with non-profits, stakeholders, orders of government and many others to collaborate on the ways we can address the housing supply challenges in 🇨🇦.
Our government’s first and foremost priority is: Canadians.
Yesterday, at the National #HousingSupplySummit I met with non-profits, stakeholders, orders of government and many others to collaborate on the ways we can address the housing supply challenges in 🇨🇦.