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jimtan
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Posts: 4772
Joined: Tue Jul 31, 2007 10:59 pm

Re: Should the government intervene?

Wed Feb 22, 2017 8:44 am

Intervention by the ONtario government is inevitable. Federal intervention is likely as the next election get closer.

"‘Trapped Wealth’ Drives Toronto’s Speculative Real Estate Dilemma

... Prices in Canada’s largest city surged more than 20 percent over the past year, the fastest pace in three decades, data released last week show. Some of the city’s neighboring towns are posting even bigger gains.

It’s become a matter of considerable alarm. Stability is one concern: if the market tumbles, so will Canada’s economy. Pricier real estate also drives away less-affluent, younger people and boosts the cost of doing business, eroding competitiveness.

“I don’t think anybody is cheering,” said Doug Porter, the Toronto-based chief economist of Bank of Montreal, who used the dreaded “bubble” word last week to describe the market. “I don’t see who benefits other than real estate agents. It’s trapped wealth.”


https://www.bloomberg.com/news/articles ... nomy-watch


Here's a young employed Canadian...

"No fixed address: How I became a 32-year-old couch surfer

... My rent was soaring $950 a month to an astronomical $2,600.

At first I laughed. It had to be a typo. A misprint..."

 https://ca.news.yahoo.com/no-fixed-address-became-32-100000805.html
 
tdma800
Real Estate Talker
Posts: 2086
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Wed Feb 22, 2017 9:35 am

^-------- Foreign media
 
jimtan
Real Estate Talker
Topic Author
Posts: 4772
Joined: Tue Jul 31, 2007 10:59 pm

Re: Should the government intervene?

Fri Mar 03, 2017 7:16 am

It's official. RBC CEO says so ...

"Toronto Housing Market May Need Vancouver-Style Cooling, RBC Says"

https://www.bloomberg.com/news/articles ... -vancouver
 
tdma800
Real Estate Talker
Posts: 2086
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Fri Mar 03, 2017 7:20 am

^---- irrelevant foreign fake media

In other areas. people with experience know that Toronto is the same as Vancouver. Can't build out. have to build up! literally
 
jimtan
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Topic Author
Posts: 4772
Joined: Tue Jul 31, 2007 10:59 pm

Re: Should the government intervene?

Fri Mar 03, 2017 7:59 am

Anyone who knows TO, knows that they can indeed build out all the way to Hamilton.
Meanwhile the RBC CEO says....
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tdma800
Real Estate Talker
Posts: 2086
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Fri Mar 03, 2017 8:14 am

Any person that knows Ontario and CANADIAN media knows that Toronto can only build upwards just like Vancouver
 
jimtan
Real Estate Talker
Topic Author
Posts: 4772
Joined: Tue Jul 31, 2007 10:59 pm

Re: Should the government intervene?

Fri Mar 03, 2017 9:53 am

Educated people know that GTA is ...

"Ontario setting new rules to end era of suburban sprawl across GTA"

https://www.thestar.com/news/gta/2016/0 ... s-gta.html

Even so, they can still expand westwards towards Barrie. Wherever there is mass transit.  :mrgreen:
 
tdma800
Real Estate Talker
Posts: 2086
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Fri Mar 03, 2017 12:26 pm

People that actually did something useful would know that both Vancouver and Toronto are restricted in how they can sprawl.  So they literally go upwards. To the moon!!
 
jimtan
Real Estate Talker
Topic Author
Posts: 4772
Joined: Tue Jul 31, 2007 10:59 pm

Re: Should the government intervene?

Thu Mar 09, 2017 8:24 am

You've provided no evidence to support your claims. Please don't quote fake media.

Meanwhile, intervention is inevitable. Sooner or later. From the left or the right.

"Renters of Vancouver: “The sewage overflowed into my suite”

by Kate Wilson"

http://www.straight.com/life/876836/ren ... d-my-suite
 
tdma800
Real Estate Talker
Posts: 2086
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Thu Mar 09, 2017 8:26 am

http://www.theglobeandmail.com/report-o ... sf_globefb  more people that need a place to live. we're going to the moon!
 
jimtan
Real Estate Talker
Topic Author
Posts: 4772
Joined: Tue Jul 31, 2007 10:59 pm

Re: Should the government intervene?

Thu Mar 16, 2017 6:53 am

You're never been to BARRIE  :mrgreen:

Meanwhile, more intervention looms as there will be a bidding war to win votes.

"Vancouver West End renters shocked by proposed monthly increase to rent"

http://www.cbc.ca/news/canada/british-c ... -1.4021985

Check the odds here...

"Trading politics: UBC runs market to predict provincial election results"

http://www.cbc.ca/news/canada/british-c ... -1.4025511
 
tdma800
Real Estate Talker
Posts: 2086
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Thu Mar 16, 2017 6:56 am

^----- irrelevant media that many want federal funding removed from
 
tdma800
Real Estate Talker
Posts: 2086
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Thu Mar 16, 2017 6:57 am

with the many complaints about the foreign buyers tax many categories will be exempted soon! to the moon!

http://theprovince.com/opinion/letters/ ... b-to-apply
 
jimtan
Real Estate Talker
Topic Author
Posts: 4772
Joined: Tue Jul 31, 2007 10:59 pm

Re: Should the government intervene?

Thu Mar 16, 2017 7:17 am

tdma800 wrote:
^----- irrelevant media that many want federal funding removed from

The CBC is irrelevant? No doubt that you are a Rrump supporter.
 
tdma800
Real Estate Talker
Posts: 2086
Joined: Wed Jan 23, 2008 9:12 am

Re: Should the government intervene?

Thu Mar 16, 2017 7:20 am

^----- irrelevant foreign politician

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