Booming Population & Plummeting Housing Starts: What’s Next for Toronto’s Housing Market?
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- čas přidán 27. 05. 2024
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Canada's population is experiencing rapid growth, but housing starts are plummeting, raising concerns for the future of Toronto's housing market. This video explores the implications of these trends and what they mean for real estate in the Greater Toronto Area (GTA).
#torontorealestate
What kept canada in the top in term of infrastructure and living standard in the past was bc we developed very early, now as other countries are catching and surpassing us just shows our entire policy of the country doesn't work!
Building an 20km LRT in mississauga started 3 years ago, still havnt seen anything installed, our pace is ridiculous! Other countries in 3 years would have completed 100s of kms.
I agree with you
It takes 10 years to do something but it takes only a few months the other countries
Cost is 100 times bigger than the other place
@@park1543 too much corruption in our government. The arrivecan app cost tax payers 70million! when any professional developer can do it in under a million.
They are building a bigger hospital in mississauga due to increased population which will take at least another 8 years, by that time with the current immigration policy it probably won't be big enough.
We as a country are always playing catch up...
The thing is even they lower the number the increased in population already happened its not like they gonna stop or they will send them back so the pressure on prices and demand will still be there.
They wont anyway
Well, the feds are proposing they're going to hand out Canadian citizenship like it's going out of style so...
The end game is bunk beds for all.
@@user-vy5fx4hk6h The kids that grew up with a tree houses peaked in life
You've hit it on the head with the bunk beds for all assessments. Some loonie professor (Karen something) from Toronto virtually said that in a CBC broadcast a year ago. Will track it down when I get home and give you the CZcams title.
By the way this guy bemoans surging immigration as the crux of the problem, but he doesn't want it to stop, as there's 💰 to be made: he just wants to import house builders to construct abodes to house the interlopers.
You will own nothing and you will be happy 🤫
I'm less concerned than most. Gov't of Canada and many provinces will be supporting purpose built rentals in the coming years. Also the market cooling down will finally allow those who want to become homeowners an opportunity. The only people that will get screwed over are speculators who gambled on per-constructions in the last three years, which is fine by me, since they caused this mess.
Booming copulation...😳😂
But yet.
Inventory is rising?
Explain?
Someone?
Its mainly condos setting inventory records. So I agree something is going to eventually hit a head in the condo market.
For detached the short answer is most people are priced out right now. They walk into a bank for a pre-approval and the bank literally will not give them enough mortgage to buy anything currently on the market. So you mainly people in the upper income levels or people getting external help buying right now.
Popular growth where are the jobs
More people after a smaller pie, recipe for increased poverty and misery for all.
good news. I am raising the tenant rents on my apartments accordingly
And how are you going to do that with falling rents?
@@Jo-mf2vu depends on the type of property, not all rentals are falling in rents. a good % of rentals remains steady in rental rate or have slight increases YoY. for example, to US citizens , because of the exchange rate alone, living in Canada is a bargain.
Hopefully, it's not a condo because good luck with that.
@@chion918If you are getting paid by a US employer in USD then you could find some deals here. But there is not enough US citizens here doing that to put any additional demand of rentals.
It is always interesting to me that John never mentions that you cannot have a large number of low rise housing being built in the GTA without land which we have limited with the Greenbelt.
FJT
Toronto is done. The city is just falling apart. I am typing this on the platform as another subway train is out of service 😋
What else is new!
Please 🙏
Do not confuse people. You know it very well what kinda tornado is on its way.........
Kindly speak out a little more clearly 🙏
Get ready for a second wave of rate hikes.
Lol I’m your NDP dreams
Growing the population 4X faster than normal rate but building at a lower average pace.. The housing market is only going to get worse for decades unless this country makes significant change.
Crash coming.. not yet but on its way
Step 1. Slap all of these investors hoarding properties with a commercial tax double the normal residential property tax.
Step 2. Drop the land transfer tax on end users.
Step 3. Stop pretending gov't public housing is a solution when in fact it's building ghettos.
Step 4. Build private coops that aren't charged ridiculous development fees to build.
Step 5. Smash the NIMBYs, most of whom are the same people who think public housing is a solution as long as it's not built in their backyard.
Interest rate should start to decline next wed,June 5. The chance to crush housing g market is almost zero chance now
Lol, dream on