Vancouver is in a "full-blown crisis" for housing affordability: report 

maybe bring in a bunch more immigrants

world

​@klnrklnr4433 lots of countries are fine, it's not a phenomenon. Same problem, same irresponsible spending and deficts.

​@@smokeymacpot76I believe you mean cheap labor for employers and slumlords to exploit, in many, but not all cases. Just my opinion

@@abcdedfg8340 thats what happens when ya dont have work or housing for em and keep bringing them in anyways...it makes everything bad for us and everything bad for them as well..

some banks in Vancouver-bc like HSBC allow millions $ mortgage with 35% down and fake income/ oversea income (still can be faked).

But the local municipalities have made it so much easier to get thing built. LOL

Supply and demand, 500,000 a year immigrants. Half that in jokes built equalls a massive shortage, which equals high prices.

It makes sense. you're just not seeing the problem. They don't want to go public with the cause.

No manner of prices actually calls me and asks what I make or invest in, for census either. So we know and knew that theres no price communication between products and employment averages. I make a product, I won't call your work to see what you or your demographic make befor I price my product. I index Canadian census which is a huge lie, it fudges so many numbers that even if I don't know the truth, I know it's a lie. Canada is more poor, vapidly more poor, than it says, deliberately.

yep i gave up on the rat race. I opted for a seasonal job working in the woods, get me winters off and live a quiet life, its a lot better than having all kinds of crap i dont need and be in debt all the time.

The problem was you wasn't suppose to do everything "they" say. At some point you were supposed to take a different path.

Or you could vote differently? Just how dense does one have to be to not connect the dots??

@@ramalama9030 the older generation doesn’t care about the youth. North America is screwed humans can’t agree on anything.

@@PowerSoilder ……not true at all, a media fabrication, the young become the old, every generation knows this, especially the boomers! We all need to take care of each other, there is no one else.

Looks like everyone's pretty pissed off about it

I agree with you, sometimes I felt I was the only one who was pissed off about this.

Theres a certain class that has much more power than you or I. They dont listen to reason, their language is money

This is just how capitalism works.

We're having to accept this as the status quo because it feels like those with the ability to change it are not making meaningful changes to improve the situation. Regardless of political leaning.

But isn't that actual freedom?

@@Optimistprime. No

Totally…. Instead of “our home and native land”, we can sing “our homeless laden land”. 😂.

@@TRex-dd4ze Yes. At least you're not at the mercy of the landlord or the bank.

Land of the fenty

Literally! And I still don't know why people wants to live here

Some people haven’t got a choice, they’re called native born. Immigrants hold all the cards here including multiple citizenship.

Exactly

100% its a real circus here now. Never ever thought in my life that this small town i live in would turn into a mini montreal... I dont recognize this place anymore.

@@sergiolandz6056 areed sergio, Canada sure went down the tubes in the last 25yrs

Survival

I dont even know how restaurants stay open at this point, must be a lot of rich people keeping them afloat and the lazy drowning in debt.

@@PabloEder Yeah, Canadian immigrants who came with money. There are almost no jobs that will allow a person to own a home in Vancouver, so the people were born here or work here, just pay the mortgage for outsiders who move here to make money on housing.

Thank you for your service

@@PabloEder you clearly can’t read! But yes you have a point rich boy! I will be bringing all my millions to another country. Which country have you served Pablo???

@@PabloEder Wring again Pablo. Where were you born?

Wait! That’s not how you make maple syrup.

rich are getting richer, poor turning homeless n begger

You ckearjy don’t look at the stats and simply blame the foreigners lol

Trudeau let too many people in at once , it would be nice to accept anyone who wants to come live in canada. But in reality our systems and infrastructure can barely handle what's here .

We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves

clearly YOU don't know the stats @@jacobrocks7

Are you against market capitalism, then? Because capitalism is the freedom to restrict the freedom of others by those who have more capital to expand their market share. Housing market is a lucrative one. Do you really not want super rich property owners to exist? How can they pay for their 3rd mansion and yacht?

​@@coolioso808The millionaires that come over from other countries are a MASSIVE contribution to this. They need to be stopped. Period.

@@coolioso808Yes, yes, yes, yes, and they won't be able to, after the reckoning. I say lock them in their vaults with their spoils and see how well they survive without their serfs to cater to their every need.

@@lynb1022 Yes, it would be pretty satisfying to see the super rich exist without servants and personal assistants as if they are royalty above the common folk. Quite seriously, well documented, in fact, inequality is the most devastating blight on society. It is the most violent assault on human beings to be in a capitalist society that generates increasing inequality. To change, we need to build something better from the community level up. I suggest One Small Town Contributionism. It is something. It is free and voluntary, it is based on cooperation, collaboration and co-ownership. If not that, what else?

@@coolioso808I don't know what "One Small Town Contributionism" is, but there are Land Value Taxes and a dozen other tax, mortgage-reform, and other constitutional legislative measures that could solve this problem, but only if there is political will. Probably not before we vote out the approx. 40% of MPs who are land-hoarding "investors" themselves.

I’m not a fan of this reporter. She comes off as dismissive.

The Thomson family who pay her wage would think her demeanor normal. Elites talk like this.

All Canadian media is dismissing this and it’s been a crisis for over a decade with no change

Common sense comment. Love it

you have to have connections such as social, personal, professional and business in order to use the connections and raised donation money.

ACtually there are not many foreign buyers, unless you consider Canadians that don't look like you as foreigners.

@@L110508 It's not about race; it's about class. Whether the speculators in real estate look like me or not, the speculation is still disgusting.

😂😂😂

no kidding man!

This news is new 😂

And Trudeau is still our crime minister.

🤣🤣🤣In near tears now

There’s already a two year foreign buyers ban law in place.

Actually there are not much foreign buyers, unless you consider Canadians that don't look like you as foreigners.

Highrises are not 70% empty... Vancouver has a very very low empty home rate... Just too many investors. Simple as that

@@crappyslippers6917 I recently stayed in Vancouver. In the west end, near English Bay. The twenty-storey highrise beside my hotel had maybe two occupied apartments. It was creepy, disturbing, weird. Made me wonder who owns it, why it's empty, and who are the people living in those two apartments?

@@TT-fq7pl thats literally every new highrise. all bought up by chinese who dont even live in the country

where is your data coming from? 🤔

@@BH-vz7zl National Bank of Canada noted back in 2015/2016 that over a third of all real estate purchases in Vancouver were from Chinese immigrants. Based on my own observations, I’m guessing that’s stayed the same or increased since.

Gordon Campbell came up with the plan to sell our best real estate in BC to Asia's wealthy. When it was pointed out that it would raise the cost of living for average Canadians, his reply was they need to get out of the way...from him & his developer friends from making huge cake. Then Christy Clark came along and said hold my beer, and off we went to the demise of a once great city & country. Those were the BC Liberal party.

We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves

The Rich Chinese??? They are not even 1 generation removed From 88% of their population being knee deep in the mud of their family rice plot Or making a dollar a day on a factory floor in the 1980s Yet here folks are complaining we can’t compete as they buy up our homes Where the average Canadian made about 22 times more than what an average Chinese worker made It’s embarrassing that Canadians are crying about this Might as well prepare the kids and grandkids to serve their new elites

I qualify, even yet I am still in process of moving to the States - cheaper housing, income becomes 400k with conversion and higher pay. No brainer choice.

@@KS-qy5lt You definitely sound like a no brainer.

@TT-fq7pl Tough cope for you for sure.

Well said

200 plus jobs in Canada you must be joking😂😂😂 even if you get you will be exploited by your employer based on your gross income and taxes from the government 😂😂😂

absolutely!!

We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves

Chinese

@@thedownunderverse We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves

Government permits for buildings in BC cost hundreds of thousands of dollars. Surely that has something to do with it also???

After the European crisis I could see the same problems when I moved here in 2016, and people laughed at me, the Canadian government thinks it will always be foreign income interested in their real estate, but if not?.....

Yep !! There's lots of building happening & 90% of them are HIGH rent. The 'affordable" housing is $1800 + for a 1bdrm so kinda defeats the purpose. As you say a lot of it will sit empty. The only reason homes are being sold at all is because multiple families are pooling together under one roof & split mortgage.

Why do you have like 15 anti-Canada comments

Ah yes. Lets make some ghettos. If only that had been tried before. But I am sure it will work this time because youre so full of good intentions. 👍

Just what Canada needs. To become an oversized Regent Park.

Maybe you won't but some people won't have a choice

Until you can't afford food.

All bubbles will burst. Collapse is inevitable.

property in vancouver is not going to depreciate - there's a finite amount of it and more buyers than sellers. simple economics.

@@nottheone582an eventual ban on speculation, perma-ban on foreign buyers, changing mortgage rules and/or closing the tax loopholes/write-offs to disincentivize land-hoarding and land-banking will solve that. Faux "investors" can find something else to park their money in.

Yup

for some

In reality the property taxes in Vancouver and Toronto based on assessments are among the least expensive in N. America. They compensate for this by charging very high development fees and permitting. In the city of Vancouver these fees for a house is 1 million even before the permitting fees,

@@patrickquine3945 Property tax is dished out by Municipalities not the provincial government

@@patrickquine3945 in fact, the property tax is collected by the municipal, only very little portion of it goes to provincial such as school and policing

@@patrickquine3945 Then why in the past have we all been able to pay it at city hall?

Who knows where the money goes from property taxes now adays so many loopholes . Yeah can pay online too

It's called corruption, it's by design rules by greed. I agree with you 💯

The market decides the price. The only thing that will drive prices down is more supply and for that we need workers and trades people.

Supply won't bring house prices down it merely is an excuse they want you to believe. Building more means more property tax for the government. Manage investors and immigration first.

What's wrong with more property tax for the government? That's how stuff is paid for. @@lookanabeauti9386

@@bobwoods1302we have lots of those . Tons of those . Every site is filled to the max with workers . We just need the old council Members to move aside and allow those building permits to go through

They all live in a fantasy

We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves

@@DW-op7ly Ok bot, enough from you.

Anytime you want to dispute what I typed Feel free to fact check what I typed You just don’t want to hear the truth

Yes it is thanks to these two: Gordon Campbell came up with the plan to sell our best real estate in BC to Asia's wealthy. When it was pointed out that it would raise the cost of living for average Canadians, his reply was they need to get out of the way...from him & his developer friends from making huge cake. Then Christy Clark came along and said hold my beer, and off we went to the demise of a once great city & country.

no. it's immigrants being led to believe there are only a few cities to move to.

We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves

You know what is missing from high school math, though? The structural analysis of capitalism. If that were done, people would realize that capitalism is private ownership of the means of production for profit and the incentives are to maximize profit, compete for self-interest and infinitely grow. Now, doesn't take a rocket scientist to realize it is unsustainable to have infinite growth of business and profits on a planet with finite resources. And that the profits mainly go to the upper 1% and leaves billions struggling to meet their daily needs, even though there is more than enough resources and technology to go around and meet people's needs. Enough for everybody's need, but not enough for capitalism's greed. How about a new system? One that places people first over profits. Where we cooperatively share the wealth we create in efficiency? Where food, water, shelter, healthcare, education, and more become so affordable, they become "Zero Marginal Cost" as Jeremy Rifkin puts it, or free. This doesn't mean people are lazy, it means everybody's skills are valued in a new system that isn't based on exploitation and oppression like capitalism is. A new system to build could be called Ubuntu Contributionism, well explained by Michael Tellinger on his channel and the One Small Town site.

@@coolioso808 LOL. Only to end up falling apart once the resources dry up and some slack off becoming a burden and threat.

He needs the immigration for the pension or that collapses, but there wasn't the housing built to support this hairbrained scheme. The entire thing is a sh!tshow. Not just the liberals either, the conservatives have also done a ton to also get us where we are.

LOL you think Conservatives will control the economy? 😅

​@@jamesstuart3346at least historically conservatives haven't been financially illiterate.

@@jamesstuart3346 Yes

I agree Trudeau has done nothing.Please do some research on which governments in the last 30 years allowed foreign investment to dictate our economy. They're all to blame.Sold out to the highest bidders.

@@jamesstuart3346absolutely ! Anything other than the Liberals at this point

That doesn't leave any room for greed, tho at that price!? 😅

Unfortunately, that won’t even cover the cost of materials. Add in labor…it’s going to be unaffordable. Everyone blaming government for basic math and economics

@@OhNoNotAgain42 bout 10 years ago you could get a starter home for 100k in most rural areas. my first house i bought just 4 years ago for 115k. doubt we'll ever see prices that affordable again

same thing in chicago. economy needs to fundamentally change or multiple generations living in one home will be the new norm soon

Mostly BC , You may be happier by moving 1 province east. 👍👍

Conservatives aren’t as bad as you think ..

@@clipperprospecting8445 I’m very pro conservative my guy, you may not have understood my sarcasm in the last paragraph

You should go to Russia! its paradise there, no left wing at all!

@@thebroketraveller9601 yeah , I should have caught that , BC was once a great place to go , Not so sure anymore.

Not enough housing available. Also that doesn't magically make houses affordable, interest rates were too low for too long and it created a massive real estate bubble. Nothing to do with foreign buyers your putting the cart before the horse

Then who is providing housing for renters? They should sleep in tents?

@@charlesl1136 - My suggestion would mean there would be very few renters.

We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves

Rather than restrict people's freedom, why don't we put a moratorium on the importation of people? Same result.

Indeed, Recessions have a way of affecting people's financial stability and investment portfolios in profound ways.

Agreed but the root of the cancer are the realtors who created this mess

@@archie_bunker Realtors created nothing.

😂

It’s not just them, it’s capitalism itself. No matter which party.

Lol. Say the guy who’s enjoying the benefits of capitalism tools. Admit it, you’d never give up all your modern society gadgets for that socialism you think is so wonderful. Typical low info poster of socialism @@piku5637

@@piku5637 Crony capitalism and artificially low interest rates.

That is a unicorn of an apartment! Saint John 1 bedrooms are $1,200 with no utilities

Dont let the rest of the country know.

Enjoy it while you can.

Black always brings darkness to world ,with no law and order .

Because economic collapse is coming and the real estate parasites finally realize their multiple properties won't save them.

30 yrs is more like it!

It’s not even remotely similar to 20 years ago 😂 it’s not even remotely similar to literally 3 years ago. With prices and interest rates today compared to income it’s not close. Today you need $125,000 saved for a 20% down payment on a 550 sq ft 1 bedroom apartment with an income of $150,000/year to even qualify for your $3300/month mortgage plus taxes & strata fees. These were not close to the numbers 20 years ago even per capita to inflation. The only similarity is interest rates are back up again which was albeit normal back then

People are sick and tired of capitalism even though they’re in denial or don’t realize this system itself is the problem and keep coming up with scapegoats to defend it.

@@piku5637 I don't know if it is capitalism itself or the greed it generates. People are greedy. If you own several investment properties, you're laughing right now.

Should only say that if you're real confident that there is someone else of worthy candidacy who has the guts to do better

Get rid of rent control that enabled Air BnB.

Vancouver area could really use a new social system. Capitalism isn't working out at all. Just like it isn't working out at all anywhere in the frikken world. Haven't we noticed this yet? How about think outside the box or a second? Do some research. Watch some documentaries like Zeitgeist films, the new one Requiem is coming out soon. Read some books like No Place Like Home: Building Sustainable Communities by Marcia Nozick, published in 1992 and it is STILL relevant. Even then Marcia saw the problem with corporate chains and capital monopolies expanding around the world, outsourcing and exploiting local workers, extracting the wealth out of the towns. Look into some community unity building organizations like One Small Town, based on the principles of Ubuntu Contributionism.

It also offers nothing

Is there a walmart within 100 miles?

@@sergeayissi939 Never been in a Walmart. Are they nice?

Better than paying 1 million in Vancouver and still getting said methheads though. At least I'm surviving, relatively so.

Been hearing that for 15 years. Was supposed to pop after that meltdown in the States in 2008.

We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke. Azzzzzz…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life wind up washed ashore on a beach Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves

Ya in the 90s or early 2000s? Or you bought in the middle of buttfk nowhere?

@@robbarber7253 Thanks to to high speed internet, the middle of buttfk nowhere is now the same as downtown Toronto. Not everyone needs to leave their house for work in the 21st Century.

@@robbarber7253 The middle of buttfk nowhere is now downtown Toronto, thanks to fibre optic cable. Not everyone needs to be physically present at their job. I also leave my Porsche and Range Rover in my driveway overnight, total number of times, they have been stolen...zero.

Where in Ontario? there are also 5000 sqft house In interior BC that less than $350k. Are we comparing apples to apples

@@robbarber7253 I responded twice and my comment was deleted, twice.

Just vote in Pierre Polly, and overnight, 4 bedroom houses 15 minute drive from downtown Vancouver will be back to being $250,000 overnight!

It'll take more than a term, if not a decade, at least, for a Conservative Government to reverse and repair the damages that Trudeau's Liberal & NDP did to Canada.

@@SkepticalChris It's going to take a decade to clean up Justin's mess. It took that to clean up his "daddy's".

We borrowed and spent living the good life/high standard of living That is what you folks don’t get… we are broke…. Canadians who can’t pay our debts sitting on 2 trillion in Provincial/Federal debt these days Debt we really started running up in the 1940s. Sow dem gud ole dais ye pine fer? we didn’t pay for the first time around Which we just kicked this debt down the road for future generations to pay for Problem is, we stopped meeting “natural” population replacement rates in 1971 And we have around 1000 boomers turning 65 each and everyday in Canada (That started in 2011 won’t end until 2028) By 2036 we will have around 11 million Canadian seniors As by 2032 immigration will make up 100% of our population growth So we pack in the immigrants the poor ones to make our french fries and more importantly flip us over in bed in the old age home The rich ones to come support the economy and prop up the real estate Because most of these boomers are also personally cash poor/in debt But luckily….most of these boomers???? Shockingly by some engineered miracle the last few decades 😉!!!!! own a 40 year old plus never been renovated, overpriced home some immigrant is willing to overpay for. Which these boomers can get lines of credit on or reverse mortgage on Or sell if they have to Which they should not .. … as that home will be one their own personal old age home in the future unless you can show me some links… on our building/buying enough facilities to house millions of Canadian seniors in the next decade Yes it’s one big Ponzi scheme that scr (ew) over the younger folks but we don’t want to crash our Ponzi Scheme of economy. (I have purposely gone to live in countries and among the locals living on a dollar a day wages in comparison to our dollar. You think your life su…cks these days) Try having 50k of someone else’s currency worth 2 million of our Canadian dollars Or have what kids you and I did actually have… Having to sell their wares to Russian sailors for a 500 CDN dollar loaf of bread or trying to sail a boat to some distant country for a better life Or grandmami/grandpapi begging on the street because that nest egg home they have they can’t sell off or afford to live in So the people at the bottom of our society lose out…. or we all do Don’t like packing in these immigrants/people as the solution? Let’s hear you folks say “I demand to pay more taxes” and “I demand less social services in return” Or let’s sell 25 year 50 year forward contracts on our natural resources some foreign corporation or Country can come into mine. Using our young as cheap labour Or let’s be known as the deadbeat generation who had to resort to selling off pieces of Canada Plus since we stopped replacing ourselves. It will be more and more likely the great great great grandkids of these new immigrants stuck paying off the debts we run up long after we are gone… As we stick them with the bill But since we have been sel fish our whole lives living that good life let’s “now” complain about the solutions after decades and decades of this Our being broke… azzz Canadians who couldn’t replace ourselves

@@rickvervoort9536The mess isn’t new. The data shows the vacancy rate had dropped steadily since the 70’s. ALL levels of govt turtled. Look it up.

Yeah , same here . Trade all rain for sunshine. Life is too short for that place. Thought of living and wasting all that time with 10 months of rain is depressing just to-think about. So many people here now with the same story and reasons for leaving.

Mine went from 950 to 1500 in a year.