Less Than 1% of Rentals are Both Vacant and Affordable in Canada

Рет қаралды 6,478

Ай бұрын

Less Than 1% of Rentals are Both Vacant and Affordable in Canada
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Пікірлер: 41

@Lifeisapartydresslikeit Ай бұрын

I’m a homeowner and I CANNOT afford to rent. I think that’s a serious problem

@kingsley3237 Ай бұрын

Zen, the rental market still seems healthy in downtown TO despite the higher prices. I just rented out my 1 bed at City Place for $2250/mo within 30 days and got 3 months prepaid as well.

@sam-rv1lv Ай бұрын

Vacancy control makes sense, it would have a major impact to stabilize the rental market.

@paulshealthfitness7922 Ай бұрын

I think there's a lot of rental but they are low quality/ small awkward and no parking. If you want something decent its harder

@PrimePropertiesTO Ай бұрын

Depends on the areas supply.

@aimielin3991 Ай бұрын

Yes. The sizes are getting smaller and smaller. I think the government should maybe set a minimum size for each size of bedrooms.

@OpokuRealty Ай бұрын

Awesome content as always.

@PrimePropertiesTO Ай бұрын

@pancakes3ful Ай бұрын

We have to many people and there isnt enough labour to build houses . Totally makes sense .

@vert911 Ай бұрын

Let's see what the inflation numbers say next week. If it keeps going down, and unemployment up, there will be another 0.25 decrease in July. I think this will continue for at least 6mo-12mo, until the decreases take effect. During this time bonds will readjust and every month more and more buyers will come back. Slow increases in some areas and slow decreases in others with above average MOI. Rates to pause lowering at 4% if no bad recession.

@Jo-mf2vu Ай бұрын

If rates pause at 4% that would be a disaster for real estate. The system is built on 2% rates.

@GreenBeanGreenBean Ай бұрын

@@Jo-mf2vu incomes of the top 25% (the actual buyers) keep on trucking higher every year, making buying more affordable.

@Jo-mf2vu Ай бұрын

@@GreenBeanGreenBeanIf you are right and 75% of the population become peasants Canada turns into a third world country where there is no middle class. Tell me why again millions of immigrants will want to trade their country for our freezing third world country? The picture you paint of a distopian Canada where the rich use the poor and immigrants as income is not a Canada that stays inviting for long. You can't have your cake and eat it too.

@vert911 Ай бұрын

@@Jo-mf2vu People can take 2% more. It's not that bad. Rates should be kept at 2% above inflation for some time and then be lowered to stimulate the economy once threat of prolonged recession is past. 2% wont cause a catastrophic event like 5 or 6% will.

@PrimePropertiesTO Ай бұрын

100% true. Given the wealth divide.

@regentP4RK Ай бұрын

I had to fake my credit score just so I get a place to rent. I know it’s wrong but the landlord never had complaints and we paid 4 months plus rent before moving in.

@Joe-mz6dc Ай бұрын

Well now that you told me that John I'm going to have to kick you out.

@regentP4RK Ай бұрын

💀💀

@Mehmed317 Ай бұрын

It’s not reasonable to make 50k! Thats twice the income of some hole in the Eastern Europe with 5% income tax. I really don’t look at housing cost as problem, because it’s a problem among all developed countries. We have a wage problem. Hopefully over next years wages are up 5-6% annually.

@PrimePropertiesTO Ай бұрын

Agreed. Immigration is not good for wage increase. Neither is low productivity

@zoro1674 Ай бұрын

Spoken like a true union worker. More for less

@bryankerr9174 Ай бұрын

Is this just because people can't afford to buy condos or houses anymore?

@somebodyintheworld5036 Ай бұрын

Buying is worse. A 1 bed condo in the downtown area will be 490-560K. At current mortgage rates, a 25 year mortgage comes out to about 2.5-3K a month. With maintenance fees it goes up to 3.5-4K. Rent is shit, but at least rent is only 2k vs the 3-4K of ownership.

@goldguilder9554 Ай бұрын

We have millionaires sleeping in their cars in Vancouver

@wendymarshall2132 Ай бұрын

Really??

@wendymarshall2132 Ай бұрын

Really??

@gems.studio Ай бұрын

I wondered how these units accumulated and the generated. A lot of units available, esp. over here in Vancouver and Richmond, are on different websites/ FB groups etc. in all different languages...