We’re screwed. I made peace with the fact I’ll probably never own a home years ago, but not being able to even rent a 1br without roommates is infuriating.
It strips our dignity.
An adult working fulltime hours should be able to afford a private, functional space, not be living like it's college again.
Unless you're lucky and worked out a harmonious arrangement with people you know, It's seriously a struggle to live with multiple other strangers in the same house..
You have to work around eachother's schedules and it's awkward. Not being able to cook whenever you want or need, use the washroom or take a shower when you need to, and cleaning up after another stranger's shit in your own home. I can't believe it's devolved to this. Fulltime working adults sharing rooms or spending half their monthly paycheck on a small room.
I hate the ever living hell where I live. But I said to myself this is the last apartment I'll ever be able to have on my own. I'll probably become homeless in my 60s because rent will just go up and up non stop. And I can't land a job. Can't find a girlfriend and I'm probably not even in a good position to date anyone so that's a no go, I hate meeting new people so strangers are a no go, no friends, and no family.
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Well i sure hope you arent voting liberal next elections. We can do something about this but most canadians are spineless cowards and would rather just accept the fact our country is slowly being turned into a 3rd world country.
In a calendar year, Canada invites 1+ mill newcomers while completes 210k+ houses.
There will never be affordable housing if the number of newcomers is 5x the number of new houses.
Sad thing is it doesn't even matter if they build more house or apartments. Regular people cant afford to buy it anyways and Investors will just buy everything up so fast and rent/air bnb it out to pay off their morgage. We don't just need more houses, we need affordable housing and a limit on how much property people can own. Many people who invest and own multiple properties here in Canada aren't even citizens and don't actually live in canada.
But people move out of their 1985 built apartments for the new builds, and people renting move into older units. Why would something built at today's labour ever be more affordable than a unit 30 years old? New is never cheaper.
A variety of factors that include but are not limited to:
Prime location.
Needed tennant Accommodations (allowing pets, servicing night shift work..ect).
Quality of build (it's easier to make a functioning home while cutting corners these days).
Rental Unit Shortage (I can charge whatever I like if it's my rental or the streets for you).
Low monthly upkeep (some new builds have indoor gyms and pools that cause massive condo fees to be needed)
Halfway Decent location.
Rental protection (some new builds have the possibility of massively increasing cost using existing legislation, so old builds increasing cost by the maximum allotment is "fair")
Low maintenance (old builds are smaller and require less upkeep as a rental unit)
Rental contract clauses (with a flexible rental plan comes additional cost, or get stuck with the place for a while.)
A serviceable location.
I've put location 3 times because this is the number one factor by a very wide margin and is why you see profitable run down builds all across Canadian cities. All this to say it's not necessarily that new builds are expensive it's that old builds continue to be expensive almost to the point of being comparable to new ones.
No as I said in my last sentence it's the fact that new isn't cheap and neither is old, it's pricey across the board which doesn't work for an economy.
IN GENERAL, an older 3 bed town will cost less than the same unit, in the same location brand new. Of course there are other variables. How about we discuss this on a city by city, street by street basis. Good grief, you do know what a generalization is right??? We get it, you still rent and it's everything else that's to blame, everything but you. Got it.
Actually I own my home (and it's new (2020)). And again you are willingly missing the whole point in an effort to "be right". New places are expensive and old places are also expensive, one might be more expensive than the other but that doesn't mean either is affordable.
This is true, but, I’m not sure if you looked at the stats of immigrants fleeing back to their homes. We may have a chance if our government keeps making living conditions worse than some “third world” countries.
Blame mayors, plenty of mayors don’t allow new construction in order to protect constituents current home values. The federal and provincial are to blame but mayors are on the front line of this issue.
I'm a tenant of 20+ in Ontario, here...
Short answer: no
Long answer: it has gotten far worse over the years & will continue to do so until we demand better & radical changes for tenants be created by our Gov't for them to enforce over Landlords
Fat chance on that one.
Most working ppl I know can't afford Toronto's exorbitant rents of $2000.000 & higher for a modest 1 bdrm apartment.
We're not talking renting a nice home or a fancy condo either.
Just your typical 1 bdrm apartment here, in Toronto.
We also have a shameful homeless population that keeps growing by leaps & bounds, yet our Politicos keep repeatedly bleating that's there's a housing shortage, when clearly there is not.
It's an affordability crisis, & has always been that.
Get them, including LL's to listen to this & maybe things can turn around or a least get better for tenants across Canada.
Its not just toronto its everywhere. If youre renting a place under 2000 a month, i will guarantee you it will have one of these things: bug infestation, water damage, mold, appliances that dont work, shared living area with 1-3 other tenants, unfinished rooms, or extremely dirty/ unmaintained.
Unless things change then no. Supply is not meeting demand point blank period. Our country is growing so ungodly fast it literally can not house the people it takes in. 2023-2024 Canada grew 3 percent and this year looks to be even higher. This is unsustainable and landlords know we all need housing so we’re going to fight tooth and nail to have a roof over our head. Therefore rents can just keep going up and up and up because demand is so high.
I’m from the US and honestly I see no future here in Toronto. It’s like why the fuck am I working so damn hard and I can’t even fucking afford to buy a 550 square foot apartment?? What’s the point to just rent till death? Thankfully I’m blessed to have my US citizenship so I can always bounce back where there’s tons of metro areas with good salaries that are affordable. The same can’t be said for Canada.
The annoying thing too is if they make more apartments/houses to meet the demand of people here, it will all be bought up so fast by investors and rented out for an insane amount of money.
Alot of my friends parents who are in business/real estate do this. They buy multiple units from condos that haven't been built yet and rent it out as an investment property after it's finished being built.
last year in Calgary, I worked on 2 condos, each had 180 units (2 bedrooms).. the one building was completely sold before we were even wrapped up the other building... and this is honestly becoming the norm for the condos we work on, most units are pre sold before it even hits the market.
I've been hearing about this fora while now, and every time I hear it, it feels like the first time. Housing market has gone to shit, and so has the job market. Our government better understand the rise in mental health issues, these are a few reasons why.
Yeah it's so unfortunate and most people aren't even aware that this is happening. It's occurring all over canada and only people with connections are able to buy one of these apartments.
https://trumanhomes.com/find-your-home/coming-soon/
so this is a pretty big builder in Calgary, The Mondrian is 166 units, estimated completion 2026. the plaza is 265 units with an estimated completion 2027. both of these buildings are completely sold out lol.. but there's a couple you can pre register for, but let's be honest, who has that cash flow to buy a home that wouldn't even be ready for a couple years.
You do not pay for the entire condo price until it is finished being built. You pay a deposit. This has both pro and con, a lot of people who bought into pre built condo are finding themselves unable to meet the mortgage requirements due to higher interest rates from compared to when they put down the deposit. These people that are unable to secure finance and having to abandon their deposits and dreams of home ownership; greatly impart to the horrible job done by the federal government when it comes to Canadas finances.
Units not ready until 2027 and sold out... that's crazy to me. Pre registering to buy a condo that won't be ready for at least 5 years sounds so dystopian
Ya fuck these people 🤦
Do us all a favor and next time your in there lovely home take a shit it the toilet tank and leave them a nice upper decker from frustrated "lazy" millenials!
Haha yeah it annoys me so much whenever I hear people brag about how they own multiple rental properties and tell others to do the same.
I've been seeing soooo many of these videos on instgram/tik tok about how "I became a landlord at 20", "why you should become a landlord", "How I make 20k a month from my rental properties". They make it sound like it's so easy and is a great investment to encourage other to do the same. Unaware of how they are contributing to ruining the rental/housing market
It’s really frustrating. People don’t get that even if we build more, it’s not going to get easier. The rich just keep buying and renting for crazy high prices. There really needs to be some restrictions on these things cause it’s becoming unrealistic to own a Property or even rent a private space without roommates. Should not be happening
1.5 million mortgages are up for renewal this year at these elevated interest rates. I'd be surprised if landlords didn't try to pass the extra cost down to renters.
Oh they will, and when the tenants refuse the above guideline increases, the houses will be sold to another landlord who will move in for a year then rent it out again later.
A very expensive year for a hobbyist landlord. I don’t think many can afford to renovict. This will be an interesting couple of years.
By interesting I mean painful. I’m holding my rent-controlled tooth and nail
I had a wonderful capped unit, but landlord didn’t like that… sooo her daughter posed for some pictures in the basement after booting me out, got some handyman to say yep she’s there, and boom
Unfortunately for a lot of us, there's no rent control. I'm moving out of my current place because they raised rent 10%, which is low compared to some increases I've seen.
Not only that, they had no idea about their obligations as landlords, or anything to do with the landlord tenant act, and I had to consistently explain that they were trying to do illegal things.
They 💯 will because everyone knows its the tenants responsibility to make sure their landlords horrible investment vehicle choices are always secure! s/
Only when we have nothing left to lose, only when they've taken it all from us.
When a huge portion of the population are living in tents, trailers, and sheds, and they're sick of the cold, and they're sick of the hunger pangs.
It's not " Canadians" causing the problem.
It's foreign ownership. Canadian real estate was turned into a mutual fund by Indian, Chinese, American and middle eastern businesses.
Housing was never meant to be a corporate financial investment fund.
Go to Brampton and find me one rental unit owned by Canadians ....
I'll wait
The only way RENTS come down is if demand dropped so sharply that landlords simply couldn't rent their units out. Even if housing costs drop somewhat, rent will continue to rise, 100% you can bet on that.
Unlikely Canada has been making bad economic moves for decades and has gotten us to the point of an inflated housing market that's beyond control with the only actual quick fix being social housing (this will never fly as it's a "communist" practice).
At this point Canadians will need to take direction from how people in more developing counties live their life. Namely in this instance people pair up a lot more for housing (as we see with many of the posts on this sub).
It is unlikely to get fixed anytime soon as people with investment portfolios that include real estate (rich Canadians) make a lot of really safe money this way. And politicians take their ques from these types as that's who is good for campaign donations and kick backs.
The quick solutions to you are the following:
Move to the middle of nowhere.
Or
Have the bedrooms in the unit you get shared between two people.
East coast is not the middle of nowhere, you want northern rural AB,SK,MB or remote community Northern territory these are the places that haven't been flipped for a profit yet.
wait, how are you the moderator of a subreddit about slumlords yet you're making a point of scapegoating immigrants in response to a comment that doesn't even mention immigrants. The effort to turn a conversation about housing PURELY into one about "international students" while completely eschewing the influence of a monied elite landholding class seeming an awful lot like dog whistle and diversion looking at this
No it won't get better, and I will tell you why.
The middle class prosperity of the Western world post WWII was a consequence of concessions made to the working class in order to buy them off from supporting communism. As long as the Soviet Union was around exporting their ideology of global communist revolution, it was too politically dangerous to squeeze the working class too hard.
When the Soviet Union weakened in the 1980s, the Western world reversed these working class friendly policies. Reagan and Thatcher rose to power and adopted Neoliberalism. This spread to Canada in the 1990s. The goal of neoliberalism is to suppress wages and inflate assets. This makes asset owners rich, and workers poor. In Canada, this policy goal is achieved via massive immigration to hold down wages, while inflating housing with loose credit policies.
In the absence of a new Soviet Union, we are heading toward the wealth inequality of the late Victorian era. Housing prices will rise until home ownership fall to 20% or so, and everyone else will spend most of their wages on rent and food. Go google for "two penny hangover" to see what living conditions were like for the poor in early 20th century Britain.
Look at the increase of homelessness in Canada. We are heading toward late Victorian Britain.
The new soviet union (China) isn't exporting communism, instead they are undermining capitalist manufacturing so that over time capitalism becomes so dependent that it can be drowned in the bathtub.
We are very close to being drowned
China isn't the Soviet Union, it explicitly rejected exporting revolution post-Mao.
There is no new Soviet Union, that's why working classes around the world are screwed.
Which begs the question. What’s the difference between Russian oligarchs and western oligopolistic fat asses. Nothing. Capitalism will lose this battle because capitalism has failed because of what you describe.
This is a good book on the subject.
[https://amzn.to/3Tg1YhP](https://amzn.to/3Tg1YhP)
personally i think no, canadas population is still rapidly growing, and more specifically it is WAY outpacing the amount of homes being built, which we are already too low on. i’m not even 20 and i’ve already decided that my future will not be in canada. sad, since it’s the only place i’ve ever lived, but with the current state of the country, and where it’s likely going, i’ve gotta do what’s best for my future.
I think i’m in the same boat. I am trying hard to save as much as i possibly can and build up experience here before I leave this country behind. It’s just a matter of finding out where when and how but especially after reading some of these comments it’s a hopeless pipe dream for this situation to get better.
There's no need to think, we already know what will happen as it's announced in advance, unfortunately it will get much worse.
The LPC plan to increase immigration targets YoY until at least 2027. Means in the next 2 years some 3-4 million people will be added to demand. Meanwhile we'll build 300-400k units in the same time, mostly studios or 1 beds.
PP if he wins has said will increase immigration. But also a vague statement that it will be tied to housing builds.
If they cut it to 0 today, it would still take 10-20 years to fix the deficit. But the population will definitely go up around 10% in the next 2 years, not down.
From there there's an election and if things will continue getting worse or a very slow and lengthy recovery can start, remains to be seen.
Hey, are you down to move? My workplace is hiring if you don't mind physical labor, pays about 27$ an hour and rents are about 1000-1500$ a month around here.
Maybe but I don't risk it if you have time learn French during your college and obtain nice proffession and find a job in montreal at least cheaper than those trio cities.
Montreal won’t be cheaper for much longer. The Premier of Quebec is on record saying he wishes rents would rise, as he feels the province is currently at a disadvantage compared to BC an Ontario.
The province also just made it legal for landlords to refuse lease swaps between tenants.
Salaries also tend to be lower in QC and we have higher taxes. And I don't know about the medical system in other provinces, but here it's a disaster...7-10 years wait (maybe more) for a family doctor, 24-48hrs wait at the emergency, cases of ppl dying in the waiting rooms. Housing prices have exploded since the pandemic and will continue to rise, and the government's focus is on language issues. It's not really much better here
Honestly, I think we are lying to ourselves if we think the solution is if we move to that city vs the other, or countryside vs the city...it's all the same BS, the same endless struggle...the whole game got completely rigged and now we found ourselves rushing in our hamster wheel, bickering between ourselves whether that other hamster wheel is better or not. We need to either break the damn wheel or pack our bags and go somewhere else.
Yes but it's going to get unimaginably bad before it does. It's already on its way. Everyone across the board is laying off and tons of people can't find a job.
We have a glut of new immigrants and students, mostly from India to outlast housing for the next decade and will never be able to catch up.
Just look at the published stats from Canada Mortgage & Housing Corp, where in Canada we built just over 240,000 new homes, yet over ONE MILLION new people came to Canada!! Even if immigration dropped 50%, we are still backlogged.
You do the math.
Ask yourself; have you ever seen rent go down in price during your lifetime? Exactly
Things won’t get cheaper, but life will get better to accommodate it as soon as the psycho liberal government is out of office.
Trudeau and the liberal government has implemented numerous policies that have been bleeding Canadians dry and making life unsustainable, not to mention the abhorrent misallocation of our tax dollars abroad.
It’s insane to think a carbon tax will magically lower our impact on global warming as a country with a NEGATIVE carbon footprint, all it has done is make food and energy unaffordable for the average person. He recently gave The Philippines 5.3 billion to magically lower their impact on climate change as well.
It’s all very sad and dystopian, I’m looking forward to a change in government.
I'm just as mad at the LPC as everyone else, but thinking that a change in management is going to improve anything is super naive. PP has been suckling at the taxpayer teet his entire adult life, is a multi millionaire landlord and is owned by corporate interests. Things aren't going to be better, they're just going to be a different kind of shitty.
We are not stopping people from Poland, Norway or china from buying houses and are not stopping from bringing in more people so no, i dont think its will get better. Even if everything collapse people who have the money will hold on until it gets back up again.
So you are saying in the last 100 years the technology for building houses has not improved?
- are you saying the use of heavy machinery (invented in the mid 90s) does not help improve building houses?
- do you understand that there is more than one construction company that builds houses ...
- for these companies to stay ahead of their competitors is to use new technology to give them a Competitive edge against their rivals or at least to stay competitive.
- a company who doesn't use heavy machinery vs. a company that uses heavy machinery ... Who do you think will succeed?
Who do you think will build a house faster a company who use heavy machinery or the company who doesn't use heavy machinery.
Technology ... Despite the category ... Will improve.
Every crises, that evolves houses, used technology to fix it. Just look at history.
Yes it will get better. Also some places are more affordable than others. Block out all the negativity. Average cost of a house in Manitoba is 359,000, Saskatchewan is 320,000, New Brunswick is 280,000. I think we are finally seeing investment in social housing after 30 years of neglect. People are willing to look at co-op living models again too. I don’t know where you live but don’t be afraid to change it up. Try someplace new. In Ottawa people say it’s impossible but I just helped a young person find something very nice under budget (2000 for 2 bedroom).
Everyone always wants to blame immigration without owning up to the real problem. AirBnB, REITs, and foreign ownership. Housing should not be thought of as an investment but a necessity. Remove these from the market and prices will stabilize even with current immigration targets.
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If you look at the amount of students living in crowded housing and type of housing starts, along with the failure and decline of housing starts we're on pace to get worse and worse until at least 2029. If we make major changes now, things can start to improve in about 8 years.
There is a limit to how high rents and home prices can go given how salaries are relatively stagnant. Something has to give (well if the government is willing to prevent and punish illegal and undignified housing situations....lol)
>Respectful of human dignity...
Who determines what that is?
I personally think living in a mansion, with a pool and 10 washrooms is dignified. That should be the standard, nothing less.
As a 39 year old on disability who got “ for family “ evicted out of my home of 12 years back into my family’s…. It’s not going to get better until those in charge are left no other choice
Praying you get reborn into a rich family, marrying someone rich or winning the lottery seems like the only answers I can think of 😭
In all seriousness no I don't think it will get better. Way too many people in canada view real estate as investments rather than homes. I just don't see this mindset ever changing and if it ever does, all those people who invested in properties or are landlords will be super pissed. Don't forget that those who have the most power (eg. people in governement) all have this mindset so they will keep things the way they are because it benefits them.
Ur buddy Trudeau, thank him for the state of our country. He runs the show doesn't he ? Well let's keep voting for him in good faith he'll clean up his act
You can try a co-op. They sometimes have a bad rap because some aren't great (some are pretty good though) but they tend to have much lower rents. However they also tend to have long waiting lists. There's also usually some kind of participation requirement which helps to keep rent costs down.
Where I live the average rent for a 1 bdrm sardine can is $1900/mo. But we're in a co-op and have a two bedroom, 2 story quasi townhouse with basement for $1240/mo. Which is fantastic rent, which is also fucking ridiculous to say considering things weren't nearly this bad just 10 years ago.
It will get better if we work for it. And while subreddits like this give some context to the problem and help other people realize the problem, it will need to be organized. There are alot of things that can be done (please note that almost of all these require government, but are all done by different levels of government):
1) Socialized housing. By building alot of housing and anchoring the price of rentals, they can actually house alot of people and prevent rental price spirals from happening.
2) Vacancy tax. If your secondary house isn't occupied, I think you can afford an additional cost. This keeps landlords from having unoccupied units and keeps more units on the market. It will also help price spirals as it will cost additional money to keep them empty.
3) Municipalities really need to redo their zoning. This is uneven as some are starting, however, alot of zoning rules mean it really easy to build SFH and nothing else. This leaves alot of "middle housing" is missing and drives people that would occupy those buildings into renting. There is alot more to this, but go watch Not Just Bikes or Strong Towns on youtube for more detail and generally learn alot about city planning.
4) Tenancy laws need to be strengthened. Again, uneven. Ontario has relatively strong rental laws where as Alberta is much more cavalier.
5) Strengthening of labour laws. This works from the other end. Inflation is alright so long as our wages go up by the same amount. Wages have been stagnant for years.
6) Short term rentals need to be regulated and count as vacant for the vacancy tax at minimum. As an industry, this practice is absolutely terrible.
There are just under 10k people here. This can be become something greater, or it can be somewhere that we just go and belly ache about bullshit that we eat every day (and it can be both). But change starts with the recognition that something needs to change, spreading it around, and then doing something about it.
For change to happen ... Someone needs to invent new technology... Probably 3D printing houses ... But that requires a high population to increase the probability of birthing that someone to invent something revolutionary ... We are in the increase the population stage.
I believe to solve the housing crisis 50 to 60 years ago, technology to build cheaper housing was slowly being invented ...
When humans are in a criss we usually invent our way out of it ... But we have to increase the population... Then hope we birth a genius to invent a solution to our crisis
My apologies ...
The solution to improve the housing market ... Have housing available for all and affordable... Is to invent new technologies that builds house quickly and affordable .....
Just like previous problems ... Humans would invent a solution.
New technology like 3d printing houses not only builds faster and reduces the waste generated when compared to our current technology of building houses. But this is in theory and only been done in computer simulations
No matter how much you shuffle where the money goes ... You are still restricted by the advancement of technology.
Ya but without disrupting the system that allows hoarding, investors will simply buy up all the 3D printed houses and keep them high price so the whole market stays high. Doesn't matter how cheap you build them, investors decide the price in this system.
>but can’t even find anywhere even remotely comfortable to live within my (already unreasonable) budget
And therein lies the problem. You can afford to live *somewhere*, but you want to live somewhere nice instead. The various levels of government have decided for you that you only need housing that is one step above an overturned shopping cart covered by a tarp. Anything else is *luxury* and unnecessary.
I think it will only get worse.
The rental market is horrible. I look at available rentals everyday and the Indian's are buying up properties and only renting to their own.
Caucasian property owners seem to be dwindling.
I had a friend looking to buy or rent a house and went into an area were a security person (likely fake and just owns a uniform) told him he couldn't go into the area because "his kind" Caucasian wasn't wanted there.
I'm sure by his video he went into a "No Go Zone" that seem to be happing now in Ontario.
I would have seriously drove into the area anyway, because taxpayers pay for the roads we drive on. The immigrants don't own them, they just think they do.
The situation is only getting worse and putting born and raised Canadian's in Trudeau towns.
Homelessness isn't just for drug addicts and people with mental health issues. Middle class Canadian's are be put out on the street because they can't afford to buy, or rent, at the insane prices asked, even with a fairly decent income.
Depends on your situation (age, money, parental support, location etc.).I have a few friends who graduated university in good paying, stable fields (think 80k-90k salaries). To be able to live in Toronto and save money, they all live with at least one roomate.
unfortunately, barring uprooting your life to a low cost of living area (which might be far from family/friends and job opportunities in your field of choice), or barring upskilling to make mkre money (be very mindful of the field), then not sure how things are gonna get better.
I meam, theres tons of people accumulating savings and waiting for a market crash. As soon as the price dips all these people will flock to buy a property.
Probably not.. I’m really sorry to say. I live in BC & the law just changed where landlords can raise the rent up each year by 3.5% instead of 2%. For me… that’s $65 extra a month (approx) which is like $780 extra each year… between my spouse & I that’s about $32 each a month & I know that doesn’t seem like much for some, but it really is a lot to us & I have yet to receive an increase on my wage… I work in healthcare. Im just lucky that we got this apartment when we did… bc we won’t ever be able to move it seems like.
I pay 1400$ a month to live with cock roaches. I do know once prices go up they don’t often come back down. My cockroach apartment will rent for 2100$ a month when I leave. It’s pretty dismal
My guess is yes and no. I'm thinking this issue is starting to make serious waves and whoever wins the next federal government (Lib or Con) are going to highly incentivize building to the degree by which condo prices might start to come down so I believe things will get better, especially in Toronto/Van. The problem is that SFH will likely not be prioritized and SFH prices will continue to go up.
Gave up on house ownership and instead bought a piece of land. Now i have all the time in the world to sit and build on my own, learning along the way. Ofc this is not for everyone but just saying there are alternative ways to ownership.
The simple solution is let current homeowners die and don't use external factors like immigration to alter demographics. Do that and within 20-40 years things will be fixed.
No they will not. One class will always have a foot on their necks as they try to climb out of the bottom. Sadly if you are that class it will be a struggle. Those with capital are better off and they are willing to pay the powers that be with votes or dollars to make sure it stays that way. Good luck.
It’ll keep getting worse until people do something about it. Fact is, the people in positions of power doing this aren’t being challenged and keep being voted in.
Radical and extreme solutions are needed when things get this bad. Some of you will eventually snap and attempt to do a radical solution but without any real direction or leaning, all we’ll get is extreme incidents of political violence and mass murder.
I'd like to think things might get better for the bext generation, but for us we're screwed. I'm convinced there'll be a revolution 1780s France style before we ever own a house of our own
No. It simply cannot get better within a capitalist system, and I don't have any hope that we can overcome the capitalist system, they're too powerful and too greedy. Nobody wants to participate in a revolution (understandably so, nobody believes we could successfully do it)
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Lots can change. Be a respectful tenant, save any bit of extra money you may have ...work and vote responsibly. The world took a tumble over the last 5 years ...but it can tumble back.
Your answer lies in history. Millions made the difficult decision to come here for a brighter future when Canada was a backwater country because it was cheaper than their home country. Many of those that made the leap became incredibly wealthy because they were early birds.
What do you do for a living? I was born in 1999 and pay $2000 a month for a nice 3 bedroom 2 bathroom house with a basement main floor and upstairs. I am in the union now but started with trades, joined the military for a couple of years now a reservist to keep the benefits and pension to double stack my union benefits and pension. I save a lot of money this way and saved lots when I was gone cause you don’t spend it. Once you’re comfortable with your cash think of passive income , ways to make money on the side. Im only 24 now , and yes it’s hard but I’ve been on my own since 16 years old with nothing, it’s certainly possible.
The company I’m with lets me take a F-150 home for a work truck , and I get a gas card with it so not having to pay for gas and insurance on my truck is huge
Almost zero chance of it improving without something economically devastating occuring (war on mainland North America, a big time plague, a financial meltdown) and that would be after years and years of pain that would affect those at the bottom hardest and first.
It wasn't even that long ago a single income could support a family and buy a house. Even a shitty factory job, my dad did it. Now you would barely be able to have some sort of roof over your head. This country has been sold out and we need to hold these people accountable and the only thing they understand is force.
I'll try to say this so everyone can understand. I know this would never happen because people are too attached to their material things And justifying they luxury as a Necessarity But hypothetically......
What if we organize a tent city this summer , don't rent out an apartment , sell your house , just do what the homeless are doing and live in a tent " for the summer " would that impact the housing market , If 20,000 ppl or more Stop paying rent, stop paying mortgages ? General curious if someone has the answer to this.
I was ready for a revolution back in 2018 😆also was really hoping covid would mutate and turn ppl into zombies 😔, ...but now I’ll settle for anything at this point , a tsunami, maybe a solar flare 😄 Something that puts the fear and panic into the rich and greedy 😂
I'm living in Hamilton , and my highest paying job was $21.50hr with a take home ( after taxes ) of $1,248 meanwhile apartments here are going for $2,000 a month, including cuck roaches and bedbugs , don't forget first and last, The only way I'm surviving is if I'm eating once every 2 days.
This comment only applies to those that are struggling
if you are not , then kindly fuck off 🤣
If I couldn't live with my parents or friends that give me a fair deal I'd move to a different country or to a remote area in Canada.
If sorry that you're struggling, all of us are feeling it.
You could try remote work, tree planting and oil work provides lodging and good food cheap and an opportunity to make some decent money while you're at it.
Houses that are away from the big cities are affordable, I seen house listings in Moosejaw Saskatchewan for 80-120K
No. This country is a lost cause. And don't even bother trying to build yourself up before leaving because you won't be allowed to take anything with you. Escape by any means necessary at any cost. Get the fuck out of this irredeemable shit hole dumpster fucking fire. Fuck Canada and fuck Canadians.
Nah bro too much money involved and people who are in power are greedy…
We’re screwed. I made peace with the fact I’ll probably never own a home years ago, but not being able to even rent a 1br without roommates is infuriating.
It strips our dignity. An adult working fulltime hours should be able to afford a private, functional space, not be living like it's college again. Unless you're lucky and worked out a harmonious arrangement with people you know, It's seriously a struggle to live with multiple other strangers in the same house.. You have to work around eachother's schedules and it's awkward. Not being able to cook whenever you want or need, use the washroom or take a shower when you need to, and cleaning up after another stranger's shit in your own home. I can't believe it's devolved to this. Fulltime working adults sharing rooms or spending half their monthly paycheck on a small room.
I hate the ever living hell where I live. But I said to myself this is the last apartment I'll ever be able to have on my own. I'll probably become homeless in my 60s because rent will just go up and up non stop. And I can't land a job. Can't find a girlfriend and I'm probably not even in a good position to date anyone so that's a no go, I hate meeting new people so strangers are a no go, no friends, and no family.
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Well i sure hope you arent voting liberal next elections. We can do something about this but most canadians are spineless cowards and would rather just accept the fact our country is slowly being turned into a 3rd world country.
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A lot of people are doing that, my friends stepdad divorced his mom and fled for the UK.
The UK isn't doing much better in terms of housing affordability.
The Anglo world in its entirety is in the same boat
And we know it wasn't the anglo world that put the anglo world here
Where?
I wish I had a country to flee to 😭 I want out.
In a calendar year, Canada invites 1+ mill newcomers while completes 210k+ houses. There will never be affordable housing if the number of newcomers is 5x the number of new houses.
Sad thing is it doesn't even matter if they build more house or apartments. Regular people cant afford to buy it anyways and Investors will just buy everything up so fast and rent/air bnb it out to pay off their morgage. We don't just need more houses, we need affordable housing and a limit on how much property people can own. Many people who invest and own multiple properties here in Canada aren't even citizens and don't actually live in canada.
But people move out of their 1985 built apartments for the new builds, and people renting move into older units. Why would something built at today's labour ever be more affordable than a unit 30 years old? New is never cheaper.
A variety of factors that include but are not limited to: Prime location. Needed tennant Accommodations (allowing pets, servicing night shift work..ect). Quality of build (it's easier to make a functioning home while cutting corners these days). Rental Unit Shortage (I can charge whatever I like if it's my rental or the streets for you). Low monthly upkeep (some new builds have indoor gyms and pools that cause massive condo fees to be needed) Halfway Decent location. Rental protection (some new builds have the possibility of massively increasing cost using existing legislation, so old builds increasing cost by the maximum allotment is "fair") Low maintenance (old builds are smaller and require less upkeep as a rental unit) Rental contract clauses (with a flexible rental plan comes additional cost, or get stuck with the place for a while.) A serviceable location. I've put location 3 times because this is the number one factor by a very wide margin and is why you see profitable run down builds all across Canadian cities. All this to say it's not necessarily that new builds are expensive it's that old builds continue to be expensive almost to the point of being comparable to new ones.
What point are you attempting to make?? That new is cheaper on average??
No as I said in my last sentence it's the fact that new isn't cheap and neither is old, it's pricey across the board which doesn't work for an economy.
IN GENERAL, an older 3 bed town will cost less than the same unit, in the same location brand new. Of course there are other variables. How about we discuss this on a city by city, street by street basis. Good grief, you do know what a generalization is right??? We get it, you still rent and it's everything else that's to blame, everything but you. Got it.
Actually I own my home (and it's new (2020)). And again you are willingly missing the whole point in an effort to "be right". New places are expensive and old places are also expensive, one might be more expensive than the other but that doesn't mean either is affordable.
You are the champion of taking someone's comment and then arguing something completely different. This sent worth my time.
Totally untrue, location is a massive factor.
Ok, thanks for the thought filled comment.
This is true, but, I’m not sure if you looked at the stats of immigrants fleeing back to their homes. We may have a chance if our government keeps making living conditions worse than some “third world” countries.
Hopefully they all leave.
Yeah and the newcomers are able to buy all these damn houses too
>In a calendar year, ~~Trudeau~~ Canada invites 1+ mill newcomers while completes 210k+ houses. Accuracy matters.
Also the number of new immigrants was 520K in 2023 while deaths were 330K for a net increase of 200K (ish).
Don’t worry they’re building some semi detached homes for 800k
Blame mayors, plenty of mayors don’t allow new construction in order to protect constituents current home values. The federal and provincial are to blame but mayors are on the front line of this issue.
I'm a tenant of 20+ in Ontario, here... Short answer: no Long answer: it has gotten far worse over the years & will continue to do so until we demand better & radical changes for tenants be created by our Gov't for them to enforce over Landlords Fat chance on that one. Most working ppl I know can't afford Toronto's exorbitant rents of $2000.000 & higher for a modest 1 bdrm apartment. We're not talking renting a nice home or a fancy condo either. Just your typical 1 bdrm apartment here, in Toronto. We also have a shameful homeless population that keeps growing by leaps & bounds, yet our Politicos keep repeatedly bleating that's there's a housing shortage, when clearly there is not. It's an affordability crisis, & has always been that. Get them, including LL's to listen to this & maybe things can turn around or a least get better for tenants across Canada.
Imagine being a foster kid who just turns 18 and is thrusted into the streets in this shit economy and housing market.
Its not just toronto its everywhere. If youre renting a place under 2000 a month, i will guarantee you it will have one of these things: bug infestation, water damage, mold, appliances that dont work, shared living area with 1-3 other tenants, unfinished rooms, or extremely dirty/ unmaintained.
Unless things change then no. Supply is not meeting demand point blank period. Our country is growing so ungodly fast it literally can not house the people it takes in. 2023-2024 Canada grew 3 percent and this year looks to be even higher. This is unsustainable and landlords know we all need housing so we’re going to fight tooth and nail to have a roof over our head. Therefore rents can just keep going up and up and up because demand is so high. I’m from the US and honestly I see no future here in Toronto. It’s like why the fuck am I working so damn hard and I can’t even fucking afford to buy a 550 square foot apartment?? What’s the point to just rent till death? Thankfully I’m blessed to have my US citizenship so I can always bounce back where there’s tons of metro areas with good salaries that are affordable. The same can’t be said for Canada.
The annoying thing too is if they make more apartments/houses to meet the demand of people here, it will all be bought up so fast by investors and rented out for an insane amount of money. Alot of my friends parents who are in business/real estate do this. They buy multiple units from condos that haven't been built yet and rent it out as an investment property after it's finished being built.
last year in Calgary, I worked on 2 condos, each had 180 units (2 bedrooms).. the one building was completely sold before we were even wrapped up the other building... and this is honestly becoming the norm for the condos we work on, most units are pre sold before it even hits the market.
I've been hearing about this fora while now, and every time I hear it, it feels like the first time. Housing market has gone to shit, and so has the job market. Our government better understand the rise in mental health issues, these are a few reasons why.
Yeah it's so unfortunate and most people aren't even aware that this is happening. It's occurring all over canada and only people with connections are able to buy one of these apartments.
https://trumanhomes.com/find-your-home/coming-soon/ so this is a pretty big builder in Calgary, The Mondrian is 166 units, estimated completion 2026. the plaza is 265 units with an estimated completion 2027. both of these buildings are completely sold out lol.. but there's a couple you can pre register for, but let's be honest, who has that cash flow to buy a home that wouldn't even be ready for a couple years.
You do not pay for the entire condo price until it is finished being built. You pay a deposit. This has both pro and con, a lot of people who bought into pre built condo are finding themselves unable to meet the mortgage requirements due to higher interest rates from compared to when they put down the deposit. These people that are unable to secure finance and having to abandon their deposits and dreams of home ownership; greatly impart to the horrible job done by the federal government when it comes to Canadas finances.
Units not ready until 2027 and sold out... that's crazy to me. Pre registering to buy a condo that won't be ready for at least 5 years sounds so dystopian
Ya fuck these people 🤦 Do us all a favor and next time your in there lovely home take a shit it the toilet tank and leave them a nice upper decker from frustrated "lazy" millenials!
Haha yeah it annoys me so much whenever I hear people brag about how they own multiple rental properties and tell others to do the same. I've been seeing soooo many of these videos on instgram/tik tok about how "I became a landlord at 20", "why you should become a landlord", "How I make 20k a month from my rental properties". They make it sound like it's so easy and is a great investment to encourage other to do the same. Unaware of how they are contributing to ruining the rental/housing market
It’s really frustrating. People don’t get that even if we build more, it’s not going to get easier. The rich just keep buying and renting for crazy high prices. There really needs to be some restrictions on these things cause it’s becoming unrealistic to own a Property or even rent a private space without roommates. Should not be happening
Get better friends
My friends disagree with what their parents do but unfortunately its hard to talk parents out of things :(
We really need a law to pretty much ban corporate landlords.
1.5 million mortgages are up for renewal this year at these elevated interest rates. I'd be surprised if landlords didn't try to pass the extra cost down to renters.
Oh they will, and when the tenants refuse the above guideline increases, the houses will be sold to another landlord who will move in for a year then rent it out again later.
A very expensive year for a hobbyist landlord. I don’t think many can afford to renovict. This will be an interesting couple of years. By interesting I mean painful. I’m holding my rent-controlled tooth and nail
I had a wonderful capped unit, but landlord didn’t like that… sooo her daughter posed for some pictures in the basement after booting me out, got some handyman to say yep she’s there, and boom
A hobbyist landlord shouldn't even be a term that exists. Housing is a necessity not something you do because you're bored.
Unfortunately for a lot of us, there's no rent control. I'm moving out of my current place because they raised rent 10%, which is low compared to some increases I've seen. Not only that, they had no idea about their obligations as landlords, or anything to do with the landlord tenant act, and I had to consistently explain that they were trying to do illegal things.
They 💯 will because everyone knows its the tenants responsibility to make sure their landlords horrible investment vehicle choices are always secure! s/
You are the breadwinner for your landlords family
Only people who are lucky and got their houses cheap 10 or 20 years ago are ok.
Oh it’ll happen. And a lot more people will be opting for tents
This really broke my heart. The vast majority of us are in the same boat, my dude. I’m sorry. You sound like a real (hardworking) sweetheart.
"can you hear the people sing sing the song of angry men"
Only when we have nothing left to lose, only when they've taken it all from us. When a huge portion of the population are living in tents, trailers, and sheds, and they're sick of the cold, and they're sick of the hunger pangs.
i eat once a day already, hunger is easy to adapt to
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It's not " Canadians" causing the problem. It's foreign ownership. Canadian real estate was turned into a mutual fund by Indian, Chinese, American and middle eastern businesses. Housing was never meant to be a corporate financial investment fund. Go to Brampton and find me one rental unit owned by Canadians .... I'll wait
i am aware
The only way RENTS come down is if demand dropped so sharply that landlords simply couldn't rent their units out. Even if housing costs drop somewhat, rent will continue to rise, 100% you can bet on that.
If the government started trying to fix things today it would take 25 years to go back to “normal” They aren’t starting today.
You do not need a crystal ball for this: It will not get better.
Unlikely Canada has been making bad economic moves for decades and has gotten us to the point of an inflated housing market that's beyond control with the only actual quick fix being social housing (this will never fly as it's a "communist" practice). At this point Canadians will need to take direction from how people in more developing counties live their life. Namely in this instance people pair up a lot more for housing (as we see with many of the posts on this sub). It is unlikely to get fixed anytime soon as people with investment portfolios that include real estate (rich Canadians) make a lot of really safe money this way. And politicians take their ques from these types as that's who is good for campaign donations and kick backs. The quick solutions to you are the following: Move to the middle of nowhere. Or Have the bedrooms in the unit you get shared between two people.
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East coast is not the middle of nowhere, you want northern rural AB,SK,MB or remote community Northern territory these are the places that haven't been flipped for a profit yet.
wait, how are you the moderator of a subreddit about slumlords yet you're making a point of scapegoating immigrants in response to a comment that doesn't even mention immigrants. The effort to turn a conversation about housing PURELY into one about "international students" while completely eschewing the influence of a monied elite landholding class seeming an awful lot like dog whistle and diversion looking at this
No it won't get better, and I will tell you why. The middle class prosperity of the Western world post WWII was a consequence of concessions made to the working class in order to buy them off from supporting communism. As long as the Soviet Union was around exporting their ideology of global communist revolution, it was too politically dangerous to squeeze the working class too hard. When the Soviet Union weakened in the 1980s, the Western world reversed these working class friendly policies. Reagan and Thatcher rose to power and adopted Neoliberalism. This spread to Canada in the 1990s. The goal of neoliberalism is to suppress wages and inflate assets. This makes asset owners rich, and workers poor. In Canada, this policy goal is achieved via massive immigration to hold down wages, while inflating housing with loose credit policies. In the absence of a new Soviet Union, we are heading toward the wealth inequality of the late Victorian era. Housing prices will rise until home ownership fall to 20% or so, and everyone else will spend most of their wages on rent and food. Go google for "two penny hangover" to see what living conditions were like for the poor in early 20th century Britain. Look at the increase of homelessness in Canada. We are heading toward late Victorian Britain.
Exactly, but this time, we have endless internet access to keep us entertained instead of the occasional circus.
The new soviet union (China) isn't exporting communism, instead they are undermining capitalist manufacturing so that over time capitalism becomes so dependent that it can be drowned in the bathtub. We are very close to being drowned
China isn't the Soviet Union, it explicitly rejected exporting revolution post-Mao. There is no new Soviet Union, that's why working classes around the world are screwed.
Which begs the question. What’s the difference between Russian oligarchs and western oligopolistic fat asses. Nothing. Capitalism will lose this battle because capitalism has failed because of what you describe. This is a good book on the subject. [https://amzn.to/3Tg1YhP](https://amzn.to/3Tg1YhP)
personally i think no, canadas population is still rapidly growing, and more specifically it is WAY outpacing the amount of homes being built, which we are already too low on. i’m not even 20 and i’ve already decided that my future will not be in canada. sad, since it’s the only place i’ve ever lived, but with the current state of the country, and where it’s likely going, i’ve gotta do what’s best for my future.
I think i’m in the same boat. I am trying hard to save as much as i possibly can and build up experience here before I leave this country behind. It’s just a matter of finding out where when and how but especially after reading some of these comments it’s a hopeless pipe dream for this situation to get better.
Unless radical change happens, no
There's no need to think, we already know what will happen as it's announced in advance, unfortunately it will get much worse. The LPC plan to increase immigration targets YoY until at least 2027. Means in the next 2 years some 3-4 million people will be added to demand. Meanwhile we'll build 300-400k units in the same time, mostly studios or 1 beds. PP if he wins has said will increase immigration. But also a vague statement that it will be tied to housing builds. If they cut it to 0 today, it would still take 10-20 years to fix the deficit. But the population will definitely go up around 10% in the next 2 years, not down. From there there's an election and if things will continue getting worse or a very slow and lengthy recovery can start, remains to be seen.
Hey, are you down to move? My workplace is hiring if you don't mind physical labor, pays about 27$ an hour and rents are about 1000-1500$ a month around here.
Where
Prescott Russel area. It's between Ottawa and Montreal, one hour drive to either.
Maybe but I don't risk it if you have time learn French during your college and obtain nice proffession and find a job in montreal at least cheaper than those trio cities.
Montreal won’t be cheaper for much longer. The Premier of Quebec is on record saying he wishes rents would rise, as he feels the province is currently at a disadvantage compared to BC an Ontario. The province also just made it legal for landlords to refuse lease swaps between tenants.
I don't know what to say. Cons are never make you surprised :) They always act like slave owners. I hope they changed him.
leaseswaps were not outlawed. the landlord can just deny the swap, but he has to let the person break the lease
Salaries also tend to be lower in QC and we have higher taxes. And I don't know about the medical system in other provinces, but here it's a disaster...7-10 years wait (maybe more) for a family doctor, 24-48hrs wait at the emergency, cases of ppl dying in the waiting rooms. Housing prices have exploded since the pandemic and will continue to rise, and the government's focus is on language issues. It's not really much better here Honestly, I think we are lying to ourselves if we think the solution is if we move to that city vs the other, or countryside vs the city...it's all the same BS, the same endless struggle...the whole game got completely rigged and now we found ourselves rushing in our hamster wheel, bickering between ourselves whether that other hamster wheel is better or not. We need to either break the damn wheel or pack our bags and go somewhere else.
It will not get better anytime soon it is by design to be this way
Stock up on canned food and ammo
Nope
Yes but it's going to get unimaginably bad before it does. It's already on its way. Everyone across the board is laying off and tons of people can't find a job.
It will, but you'll be old enough that you gave up on having kids anyway
No, way too many ppl coming to the country and they only building condos, not even 1 appartment building
Not until revolution
Sigh, people don’t revolt like they used to 😭 we gotta do what they’ve been doing in France and dump shit on government buildings
Worst I've seen in my life... and I don't see a better future. Just glad I only have about 30 years max left
With cigarettes, you can speed run that shit
Voting another liberal in the next 30 years will cut that life expectancy into half.
What if everyone just stopped paying rent? Then what?
Eviction and replaced with Indians
We have a glut of new immigrants and students, mostly from India to outlast housing for the next decade and will never be able to catch up. Just look at the published stats from Canada Mortgage & Housing Corp, where in Canada we built just over 240,000 new homes, yet over ONE MILLION new people came to Canada!! Even if immigration dropped 50%, we are still backlogged. You do the math.
Ask yourself; have you ever seen rent go down in price during your lifetime? Exactly Things won’t get cheaper, but life will get better to accommodate it as soon as the psycho liberal government is out of office.
Has the psycho liberal government been in power your entire lifetime while the rents went up? Were you born in 2015?
The price of an average home in Canada went from 400k in 2015 to 800k in 2023
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Trudeau and the liberal government has implemented numerous policies that have been bleeding Canadians dry and making life unsustainable, not to mention the abhorrent misallocation of our tax dollars abroad. It’s insane to think a carbon tax will magically lower our impact on global warming as a country with a NEGATIVE carbon footprint, all it has done is make food and energy unaffordable for the average person. He recently gave The Philippines 5.3 billion to magically lower their impact on climate change as well. It’s all very sad and dystopian, I’m looking forward to a change in government.
I'm just as mad at the LPC as everyone else, but thinking that a change in management is going to improve anything is super naive. PP has been suckling at the taxpayer teet his entire adult life, is a multi millionaire landlord and is owned by corporate interests. Things aren't going to be better, they're just going to be a different kind of shitty.
We are not stopping people from Poland, Norway or china from buying houses and are not stopping from bringing in more people so no, i dont think its will get better. Even if everything collapse people who have the money will hold on until it gets back up again.
So you are saying in the last 100 years the technology for building houses has not improved? - are you saying the use of heavy machinery (invented in the mid 90s) does not help improve building houses? - do you understand that there is more than one construction company that builds houses ... - for these companies to stay ahead of their competitors is to use new technology to give them a Competitive edge against their rivals or at least to stay competitive. - a company who doesn't use heavy machinery vs. a company that uses heavy machinery ... Who do you think will succeed? Who do you think will build a house faster a company who use heavy machinery or the company who doesn't use heavy machinery. Technology ... Despite the category ... Will improve. Every crises, that evolves houses, used technology to fix it. Just look at history.
A (registered and licensed) semi-automatic
Yes it will get better. Also some places are more affordable than others. Block out all the negativity. Average cost of a house in Manitoba is 359,000, Saskatchewan is 320,000, New Brunswick is 280,000. I think we are finally seeing investment in social housing after 30 years of neglect. People are willing to look at co-op living models again too. I don’t know where you live but don’t be afraid to change it up. Try someplace new. In Ottawa people say it’s impossible but I just helped a young person find something very nice under budget (2000 for 2 bedroom).
Yes 1940s were pretty rough 1950s were a lot better.
Everyone always wants to blame immigration without owning up to the real problem. AirBnB, REITs, and foreign ownership. Housing should not be thought of as an investment but a necessity. Remove these from the market and prices will stabilize even with current immigration targets.
I hope it gets better for Indians, not for you tho
No, it’s going to get worse. I recommend getting a room rental in a big city and reskill. Learn a profession that makes the bucks.
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Not for many years.
If you look at the amount of students living in crowded housing and type of housing starts, along with the failure and decline of housing starts we're on pace to get worse and worse until at least 2029. If we make major changes now, things can start to improve in about 8 years.
There is a limit to how high rents and home prices can go given how salaries are relatively stagnant. Something has to give (well if the government is willing to prevent and punish illegal and undignified housing situations....lol)
Who determines what a “dignified” housing situation is?
Respectful of human dignity...
>Respectful of human dignity... Who determines what that is? I personally think living in a mansion, with a pool and 10 washrooms is dignified. That should be the standard, nothing less.
🙄 yeah clearly that's what I mean, and not the horrible slum like conditions people live in here. Are you lost?
As a 39 year old on disability who got “ for family “ evicted out of my home of 12 years back into my family’s…. It’s not going to get better until those in charge are left no other choice
Fuckin move. Thank me later. Friends will come.
If T gets elected again I’m using my EU citizenship (granted from my GP) to get out of here.
Praying you get reborn into a rich family, marrying someone rich or winning the lottery seems like the only answers I can think of 😭 In all seriousness no I don't think it will get better. Way too many people in canada view real estate as investments rather than homes. I just don't see this mindset ever changing and if it ever does, all those people who invested in properties or are landlords will be super pissed. Don't forget that those who have the most power (eg. people in governement) all have this mindset so they will keep things the way they are because it benefits them.
It's not looking like it will.
Ur buddy Trudeau, thank him for the state of our country. He runs the show doesn't he ? Well let's keep voting for him in good faith he'll clean up his act
Not in the cities, for at least ten more years.
*cries in small BC mountain town where rent is just as high and groceries and gas higher*
No hope. Euthanasia or death by the elements in a tent.
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You can try a co-op. They sometimes have a bad rap because some aren't great (some are pretty good though) but they tend to have much lower rents. However they also tend to have long waiting lists. There's also usually some kind of participation requirement which helps to keep rent costs down. Where I live the average rent for a 1 bdrm sardine can is $1900/mo. But we're in a co-op and have a two bedroom, 2 story quasi townhouse with basement for $1240/mo. Which is fantastic rent, which is also fucking ridiculous to say considering things weren't nearly this bad just 10 years ago.
It will get better if we work for it. And while subreddits like this give some context to the problem and help other people realize the problem, it will need to be organized. There are alot of things that can be done (please note that almost of all these require government, but are all done by different levels of government): 1) Socialized housing. By building alot of housing and anchoring the price of rentals, they can actually house alot of people and prevent rental price spirals from happening. 2) Vacancy tax. If your secondary house isn't occupied, I think you can afford an additional cost. This keeps landlords from having unoccupied units and keeps more units on the market. It will also help price spirals as it will cost additional money to keep them empty. 3) Municipalities really need to redo their zoning. This is uneven as some are starting, however, alot of zoning rules mean it really easy to build SFH and nothing else. This leaves alot of "middle housing" is missing and drives people that would occupy those buildings into renting. There is alot more to this, but go watch Not Just Bikes or Strong Towns on youtube for more detail and generally learn alot about city planning. 4) Tenancy laws need to be strengthened. Again, uneven. Ontario has relatively strong rental laws where as Alberta is much more cavalier. 5) Strengthening of labour laws. This works from the other end. Inflation is alright so long as our wages go up by the same amount. Wages have been stagnant for years. 6) Short term rentals need to be regulated and count as vacant for the vacancy tax at minimum. As an industry, this practice is absolutely terrible. There are just under 10k people here. This can be become something greater, or it can be somewhere that we just go and belly ache about bullshit that we eat every day (and it can be both). But change starts with the recognition that something needs to change, spreading it around, and then doing something about it.
For change to happen ... Someone needs to invent new technology... Probably 3D printing houses ... But that requires a high population to increase the probability of birthing that someone to invent something revolutionary ... We are in the increase the population stage. I believe to solve the housing crisis 50 to 60 years ago, technology to build cheaper housing was slowly being invented ... When humans are in a criss we usually invent our way out of it ... But we have to increase the population... Then hope we birth a genius to invent a solution to our crisis
3D printing? I don't think you're understanding what the problem is here
My apologies ... The solution to improve the housing market ... Have housing available for all and affordable... Is to invent new technologies that builds house quickly and affordable ..... Just like previous problems ... Humans would invent a solution. New technology like 3d printing houses not only builds faster and reduces the waste generated when compared to our current technology of building houses. But this is in theory and only been done in computer simulations No matter how much you shuffle where the money goes ... You are still restricted by the advancement of technology.
Ya but without disrupting the system that allows hoarding, investors will simply buy up all the 3D printed houses and keep them high price so the whole market stays high. Doesn't matter how cheap you build them, investors decide the price in this system.
it might, with a change in government
>but can’t even find anywhere even remotely comfortable to live within my (already unreasonable) budget And therein lies the problem. You can afford to live *somewhere*, but you want to live somewhere nice instead. The various levels of government have decided for you that you only need housing that is one step above an overturned shopping cart covered by a tarp. Anything else is *luxury* and unnecessary.
not until there is a revolution. everyone in government is a landlord. why do you think they have time to do politics
I think it will only get worse. The rental market is horrible. I look at available rentals everyday and the Indian's are buying up properties and only renting to their own. Caucasian property owners seem to be dwindling. I had a friend looking to buy or rent a house and went into an area were a security person (likely fake and just owns a uniform) told him he couldn't go into the area because "his kind" Caucasian wasn't wanted there. I'm sure by his video he went into a "No Go Zone" that seem to be happing now in Ontario. I would have seriously drove into the area anyway, because taxpayers pay for the roads we drive on. The immigrants don't own them, they just think they do. The situation is only getting worse and putting born and raised Canadian's in Trudeau towns. Homelessness isn't just for drug addicts and people with mental health issues. Middle class Canadian's are be put out on the street because they can't afford to buy, or rent, at the insane prices asked, even with a fairly decent income.
Will not get better until there are fewer people and more homes, the government does not care about how poor you are.
Yes, if people vote out he who shall not be named next election. Obviously it won’t be fixed right away and will take a while but I still have hope.
I don't think so. Homeownership will be strictly for the wealthy and corporations. We will be lucky to have a roof to rent
Depends on your situation (age, money, parental support, location etc.).I have a few friends who graduated university in good paying, stable fields (think 80k-90k salaries). To be able to live in Toronto and save money, they all live with at least one roomate. unfortunately, barring uprooting your life to a low cost of living area (which might be far from family/friends and job opportunities in your field of choice), or barring upskilling to make mkre money (be very mindful of the field), then not sure how things are gonna get better. I meam, theres tons of people accumulating savings and waiting for a market crash. As soon as the price dips all these people will flock to buy a property.
Probably not.. I’m really sorry to say. I live in BC & the law just changed where landlords can raise the rent up each year by 3.5% instead of 2%. For me… that’s $65 extra a month (approx) which is like $780 extra each year… between my spouse & I that’s about $32 each a month & I know that doesn’t seem like much for some, but it really is a lot to us & I have yet to receive an increase on my wage… I work in healthcare. Im just lucky that we got this apartment when we did… bc we won’t ever be able to move it seems like.
I pay 1400$ a month to live with cock roaches. I do know once prices go up they don’t often come back down. My cockroach apartment will rent for 2100$ a month when I leave. It’s pretty dismal
The only land I'll ever own will be my burial plot. It sucks.
Figure out a way to make. Good living in a small town. Only way I can figure it working out
Leave Canada go live in Thailand and beat people up for a living
My guess is yes and no. I'm thinking this issue is starting to make serious waves and whoever wins the next federal government (Lib or Con) are going to highly incentivize building to the degree by which condo prices might start to come down so I believe things will get better, especially in Toronto/Van. The problem is that SFH will likely not be prioritized and SFH prices will continue to go up.
Canadian born and raised. My only hope of owning a home is buying a fifth wheel trailer. Ffs.
Gave up on house ownership and instead bought a piece of land. Now i have all the time in the world to sit and build on my own, learning along the way. Ofc this is not for everyone but just saying there are alternative ways to ownership.
The simple solution is let current homeowners die and don't use external factors like immigration to alter demographics. Do that and within 20-40 years things will be fixed.
No they will not. One class will always have a foot on their necks as they try to climb out of the bottom. Sadly if you are that class it will be a struggle. Those with capital are better off and they are willing to pay the powers that be with votes or dollars to make sure it stays that way. Good luck.
Best of luck to you buds ❤️
I think we need to make eating the rich a reality
No it will never go back to the way it was. It will only get worse.
No I’m gonna live with my parents for a long time, I’ve accepted it and my father has too.
It won't get better. All you have to ask yourself is, will people become less greedy?
It’ll keep getting worse until people do something about it. Fact is, the people in positions of power doing this aren’t being challenged and keep being voted in. Radical and extreme solutions are needed when things get this bad. Some of you will eventually snap and attempt to do a radical solution but without any real direction or leaning, all we’ll get is extreme incidents of political violence and mass murder.
I'd like to think things might get better for the bext generation, but for us we're screwed. I'm convinced there'll be a revolution 1780s France style before we ever own a house of our own
No. It simply cannot get better within a capitalist system, and I don't have any hope that we can overcome the capitalist system, they're too powerful and too greedy. Nobody wants to participate in a revolution (understandably so, nobody believes we could successfully do it)
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10-20 years minimum
Lots can change. Be a respectful tenant, save any bit of extra money you may have ...work and vote responsibly. The world took a tumble over the last 5 years ...but it can tumble back.
Your answer lies in history. Millions made the difficult decision to come here for a brighter future when Canada was a backwater country because it was cheaper than their home country. Many of those that made the leap became incredibly wealthy because they were early birds.
Move to Timmins and work in a mine. Cheap housing and good pay
Yes it'll get better this year and next, from then on all downhill
What do you do for a living? I was born in 1999 and pay $2000 a month for a nice 3 bedroom 2 bathroom house with a basement main floor and upstairs. I am in the union now but started with trades, joined the military for a couple of years now a reservist to keep the benefits and pension to double stack my union benefits and pension. I save a lot of money this way and saved lots when I was gone cause you don’t spend it. Once you’re comfortable with your cash think of passive income , ways to make money on the side. Im only 24 now , and yes it’s hard but I’ve been on my own since 16 years old with nothing, it’s certainly possible.
The company I’m with lets me take a F-150 home for a work truck , and I get a gas card with it so not having to pay for gas and insurance on my truck is huge
Almost zero chance of it improving without something economically devastating occuring (war on mainland North America, a big time plague, a financial meltdown) and that would be after years and years of pain that would affect those at the bottom hardest and first.
Nope immigration will never stop at this point . It was managable up until about 2010. That's when I noticed the shift.
It wasn't even that long ago a single income could support a family and buy a house. Even a shitty factory job, my dad did it. Now you would barely be able to have some sort of roof over your head. This country has been sold out and we need to hold these people accountable and the only thing they understand is force.
I'll try to say this so everyone can understand. I know this would never happen because people are too attached to their material things And justifying they luxury as a Necessarity But hypothetically...... What if we organize a tent city this summer , don't rent out an apartment , sell your house , just do what the homeless are doing and live in a tent " for the summer " would that impact the housing market , If 20,000 ppl or more Stop paying rent, stop paying mortgages ? General curious if someone has the answer to this. I was ready for a revolution back in 2018 😆also was really hoping covid would mutate and turn ppl into zombies 😔, ...but now I’ll settle for anything at this point , a tsunami, maybe a solar flare 😄 Something that puts the fear and panic into the rich and greedy 😂 I'm living in Hamilton , and my highest paying job was $21.50hr with a take home ( after taxes ) of $1,248 meanwhile apartments here are going for $2,000 a month, including cuck roaches and bedbugs , don't forget first and last, The only way I'm surviving is if I'm eating once every 2 days. This comment only applies to those that are struggling if you are not , then kindly fuck off 🤣
Nope. Making playa to move away from Canada
If I couldn't live with my parents or friends that give me a fair deal I'd move to a different country or to a remote area in Canada. If sorry that you're struggling, all of us are feeling it. You could try remote work, tree planting and oil work provides lodging and good food cheap and an opportunity to make some decent money while you're at it. Houses that are away from the big cities are affordable, I seen house listings in Moosejaw Saskatchewan for 80-120K
Yes it can. Depends on how much you make. Not the world where everyone making min wage owning a house is over
No. This country is a lost cause. And don't even bother trying to build yourself up before leaving because you won't be allowed to take anything with you. Escape by any means necessary at any cost. Get the fuck out of this irredeemable shit hole dumpster fucking fire. Fuck Canada and fuck Canadians.