Here is the difficult truth. Canadians aren't as productive as the rest of the developed world and we value a lackadaisical lifestyle which was promised through home ownership. Unfortunately our real estate market was opened up globally and failed to keep up on supply and on rental only units. Too much of our economy is tied into real estate now and we could very easily meet a fate similar to Japan in the 80s-90s if we fail to remove real estate as a driver for GDP.
For 20k I can buy a "3 season trailer" which is better than any house I've lived in my entire life. But can't live in it a few months longer. Total BS.
They need to put a stop to HELOCs. They need to stop allowing people to buy more than 2 homes per household. There are enough units just not equally shared
Affordable. Minimum wage is $16.55/hour. Overtime is anything over 44 hours, minimum wage earners routinely get 30-37.5 hours, because overtime means higher employer rates for EI and CPP contributions. 16.55 x 44= 728.20 x 4 = 2912.80 30% of 2912.80 is $873.84. The highest rent one can charge for an "affordable" rental in Ontario is $873.84. The leaky, moldy basement units available for $1150 + utilities are the cheapest on the market today. Too many over payed for their investment property and skewed the market for Harper's protege to buy votes with. Nope, any whipped party is my opponent because whips are wrong and the Liberals and NDP also employ a whip, just like the Conservatives do. The problem, is the disregarded, majority non voter who is presumed guilty of your desires.
Minimum wage was never meant to be paid to adults: after working 2 years of minimum wage you should be seeing pay increases away from minimum wage. If you are not getting a pay increase from minimum wage by the time you are 20, you have done something very wrong and you can only blame yourself for that! The last time I made minimum wage I was 17 years old.
@@wilfdarr Ah, the age-old myth that minimum wage was exclusively designed for teenagers looking to earn pocket money during summer breaks. it's true that minimum wage laws have evolved since their inception, they were never intended to perpetuate a cycle of low-wage labor for adults. Suggesting that after two years of toiling away at minimum wage, one should magically ascend to higher pay scales overlooks the harsh realities of stagnant wages, limited job opportunities, and systemic inequality that many workers face. It's a bit like saying if you haven't become a CEO by the time you're 30, you must have been napping in the break room instead of climbing the corporate ladder. While personal anecdotes can offer glimpses into individual experiences, they hardly paint an accurate portrait of the broader economic landscape. So, before doling out blame like a worn-out punch card, let's consider the myriad of factors at play in the labor market beyond simply pointing fingers at hard-working individuals.🤡
@@ottodietz7644 I didn't say you need to aim for CEO, but if you're still getting minimum wage at 30, that's not "systematic inequality", that's choices you made!
@@saichandred Few people are at times ethnicists in disguise, tricking others into calling them racists, because that name supposes the fallacy that the human race is not one race. What will happen, is what you expect, if you throw your hands up in the air and say C'est la vie, you are part of the problem.
As for swaying away from real issue, you presume it's the rich who own these houses, and you fail to presume that they instead own the financial institutions that own these home owners.
@@saichandredAgreed: we have a shortage of construction workers which is a big part of the housing shortage: you know who's really good at swinging a hammer for low pay? Immigrants. Bring them in, put them through a 3 month construction basics course, and put them to work!
@@Dam-a-fenceAnyone can buy shares in a bank: if you think they are so profitable why don't you buy shares in the banks? I can tell you banks aren't part of my portfolio.
Nothing is affordable in this society. 50% of Canadians barely make it to the end of the month. People in this country are resorting to shoplifting just survive. Our society is drowning and its because of corporate greed and price gouging. The rich have sucked this world dry.
I need a down payment. I do not save. I can not. I am supposed to be free. My grandfather killed Nazis for me to be free. Why do I have to be you to buy a home? Am I not me? Why then should I be? If all the world's a stage and we are merely players, performers and portrayers outside the gilded cage, why does my preference to pay people back mean I'm lesser than you? Because some people are more equal? Are we certain we want to call them people then? That mindset presumes livestock and shepherds, not people.
"I do not save" That's on you I know several immigrants who came to Canada with NOTHING, who have recently bought houses now. Yes it involved working 60+ hours a week to get ahead. Yes it involved an entire family living in a one room house. Yes they had to take public transit or car pool. I was lucky, I had a decent education, I only had to share a 3br with 2 other people and work 50 hours a week to get where I am! If you work, you are rewarded. If you're afraid of work, there's nothing I can do for you.
@@wilfdarr Oh, so not saving is just a personal choice now? How enlightening! I suppose if everyone simply decided to work 60+ hours a week, live in cramped quarters, and sacrifice every ounce of comfort, we'd all be rolling in real estate. Thank you for solving the financial struggles of the world with your anecdotal evidence. Clearly, the solution to poverty is just to work harder, right? Because systemic barriers and economic inequalities don't exist; it's all about individual laziness. Brilliant deduction! 🙄Do you talk like this in public? embarrassing.
@@ottodietz7644 Yes that is the choice. I made that choice to get out of poverty, so did everyone else who started in poverty and now owns a home. If you make the choice not to, then that is your choice, Iwon't critique it UNLESS you then turn around and whine to me about your choices.
14:28 "It's very expensive to build, and it's very expensive to maintain a building" We have a government that continues to increase taxes while wanting everyone else to lower what they're charging clients, whether it's housing, grocers, or whatever. Providers have a base cost that continues rising specifically because of government policies, and they simply can't afford to base what they're charging clients on a formula that can be so easily manipulated by the government. We've all seen what this government did to daycares, landlords are not going to sign up for that kind of treatment! The trust between this government and the people has been utterly violated, so you can't expect people to come running when the liberal government makes what is most likely more empty promises!
Stupid planning from the liberal government. No long term vision. Now the Canadians suffer the most . Immigrants are FVCKing subsidized on our tax dollars!
