#canada housing

[this-is-the-wayne]

Living in Canada right now is wild, I spend my days discussing the housing bubble and how most people can't afford a house or to just RENT, but how the gov is now using my extremely high taxes to build the PM a new house *cough mansion* :)

[coulsonlives]

Love how back in the 90s, we had high interest rates of like 15%, but people could easily afford a home despite working one job because home prices weren't stupid

Now interest rates are only 3.75%, but people can't even afford an apartment despite multiple income earners working multiple jobs because wages have stagnated and we've done fuck-all for subsidized housing and we're so reliant on our housing market to prop up our economy and everyone's been brainwashed into using their properties as nest eggs and income so now every time you go on a real estate website it's "good for investors" and I wanna bite someone

[vishalmonga]

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[sheeps-eye]

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[newlifemortgages]

The State of Canada's Housing Construction in 2023: Insights and Analysis

So, what's the real deal with Canada's housing construction in 2023?

Let's go ahead and get straight to it. According to the Canada Mortgage and Housing Corporation, housing construction in Canada's six biggest metropolitan areas saw a tiny increase of 1.0% in the first half of 2023 compared to last year. Wow, talk about a slow climb.

Now, where was this slight increase coming from? You guessed it - apartment starts! These had a healthy jump of 15% (48,029 units) for the period. But hold your horses because all other categories weren't so lucky. Row house starts took a 17% dip, semis fell by 22%, and the gold standard of housing - detached single-family homes - saw a drop of 25%. Ouch!

And who were the star players in this game? Toronto and Vancouver, of course! They accounted for nearly two-thirds of the starts, with increases of 32% and 49%, respectively. But not everyone was having a party. Poor Montreal was hit with a 58% overall decline. Can we get a moment of silence for Montreal?

In an earlier report, the CMHC stated that Canada needs to build an additional 3.5 million housing units by 2030, surpassing the predicted 2.3 million, to meet the expected demand. No pressure, right?

But here's the kicker: high interest rates, reduced credit access, and skyrocketing construction and labour costs have put homebuilders between a rock and a hard place. This has resulted in fewer project starts and longer completion times. Talk about a tough gig!

The CMHC anticipates that these economic challenges will further dent building starts through the second half of the year, pushing starts back to last year's levels. On top of that, the agency expects a rising demand for rental housing, driven by record high levels of immigration and the ever-increasing barriers to home ownership, including those pesky high prices and interest rates. So, who's up for a game of Monopoly?

Here's where we come in! We're a mortgage company that knows a thing or two about navigating these choppy real estate waters. If you have questions or concerns or want to chat about your options, give us a shout. We're here to help you make sense of it all. Because let's face it, who doesn't need a friendly guide in this real estate jungle?

Dallas Martin

519-495-7250

The Mortgage FirmLicense# 13466

Mortgage Agent Level 2 -M17001133

[beviebamm]

I am so sick of Canadian politics

It's just a bunch of nepo babies, raised within historic systems of injustice, pretending to be good advocates for the working class (of which they have never really engaged with outside of campaign settings).

[haneenatya34]

The situation in Gaza is more Difficult than any time and my family Still under death,bombing and Destruction, they ask you to pray and Thank you all for your support

Every donation counts towards reaching our goal; And saving my family live Publish,share,donate,contribute

🚨🚨 My mother is still under the effects of the stroke and her condition is getting worse every day. There is no medicine in Gaza or hospitals to perform an operation.

[meriol-lehmann]

rue saint-ambroise, montréal

[mostly-funnytwittertweets]

[ilcontephotography]

In 2019, a strange little pink house appeared right on the top of the historical plant of the Canada Malting Silos, built in 1905 and abandoned in 1986. The unknown authors brought the material to an height of about 35 meters to build this absolutely unique thing and added later other pieces to their creation, like a Christmas three, a gift and other decorations. 

I think I have never seen anything like this in hundreds of explorations in abandoned places!

Montréal, Québec - Canada.

© Roberto Conte (2022)

[vangoghcore]

by elizabethpotterphoto

[hometoursandotherstuff]

Gorgeous 2002 home in North Saanich, BC, Canada. 3bds, 3ba, 2,901 sq ft, C$1,899,999

The front door opens to this large entry hall that leans a little to industrial style with the gray stairs and cement floor.

This home has lots of nice angles, like this room with the panoramic view. Love the stainless steel wood stove.

Look at the interesting beam in the middle.

The open living area is pretty big. The kitchen is very large, open, and industrial gray.

There's an open pantry behind the fridge.

Over to the side there's a dining area.

Nice guest powder room. Look at how high the faucets are on the wall.

Main floor guest room.

Has a very nice ensuite, too.

The stairs are so different on this side.

The primary bedroom is nice.

I was wondering why it didn't have access to the terrace, but it does, in the ensuite.

Nice private terrace.

There's also a sauna.

This room on the upper level looks good for entertaining, or it can be a large family room.

No matter where you sit in this home, you have a great view.

Great little nook to sit alone and read or relax.

This back room would make a great studio. It opens to the patio where there's a hot tub.

Beautiful decks among the trees.

The grounds are wonderful. Look at this little waterfall.

Look at this. How cute is that?

Everything is so pretty. The Chinese Maple trees are so vibrant.

The house at night seems to glow.

Set right in the middle of a 1.08 acre treed lot.

https://www.zillow.com/homedetails/1457-Howcrest-Rd-North-Saanich-BC-V8L-5K1/314087333_zpid/

[allthecanadianpolitics]

A Vancouver woman who is eight months pregnant says her landlord is threatening to raise the rent once her child has been born.

Joy Maynard and Antoine Moore are expecting their first child any day and have been living in their Vancouver basement suite since April 2021.

They told their landlord earlier in the summer about the pregnancy and Maynard said he informed them that his son is the owner of the house so they need to be talking to his son about these matters.

That’s when they said they were informed that any additional occupant would cost them $600 a month.

“We also told them that my mom is coming to visit. The son said that my mom is going to be considered an occupant,” Maynard said.

Full article

Tagging: @politicsofcanada

[keepingitneutral]

Bunkie on a Hill, Muskoka, Ontario, Canada,

Architecture + Design

[sheeps-eye]

Devoured by time.

[stukko]

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