Vancouver has highest ownership costs, Regina lowest: economist

  Рет қаралды 12,590

BNN Bloomberg

BNN Bloomberg

16 күн бұрын

Robert Hogue, assistant chief economist at RBC Economics, Royal Bank of Canada, joins BNN Bloomberg to discuss housing affordability amid interest rates cut.
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Пікірлер: 53
@Joe-mz6dc
@Joe-mz6dc 15 күн бұрын
Vancouver is the most expensive? No f-ing kidding
@Martin-qm2lg
@Martin-qm2lg 15 күн бұрын
Who is buying a home in Vancouver? Rich foreigners only?
@Destorrrrr
@Destorrrrr 15 күн бұрын
Or locals whose family already owned property there and can tap into equity as their mortgage has decreased and prices have skyrocketed
@vancouverlife1
@vancouverlife1 15 күн бұрын
Many well paid tech employees - Amazon, Microsoft, ...
@pikachu-mx6hi
@pikachu-mx6hi 15 күн бұрын
Rich Canadians and foreigners who don't mind paying for the water and mountain view.
@Lpmeff
@Lpmeff 15 күн бұрын
And drug dealers
@Joe-mz6dc
@Joe-mz6dc 15 күн бұрын
Drug dealers have played a huge part in pumping up the real estate economy out here.
@rh3108
@rh3108 15 күн бұрын
"Do we have a housing crisis in Canada or is it exaggerated?" LMAO
@lawrencerobles6207
@lawrencerobles6207 10 күн бұрын
Exaggerated. Most people could afford a home.
@8bit_paul
@8bit_paul 15 күн бұрын
<a href="#" class="seekto" data-time="100">1:40</a> you're just realizing this now? It's been like this for 20 years. EDIT: I'm living in an (admittedly nice) 2br 4th floor apartment in Coquitlam outside of Vancouver, around 900 sf, $2677 per month plus $100/month for parking. EDIT 2: Thanks for covering this, it's about time we take it seriously for future generations' sakes.
@Joe-mz6dc
@Joe-mz6dc 15 күн бұрын
This. And Bloomberg is supposed to be a business media company? How do they spend their time?
@calvinwong365
@calvinwong365 15 күн бұрын
This greed from alot of people need to stop. Also the welfare system and people that come here and don't want to work at all needs to stop too. There's a neighborhood in Ottawa that governments gave up the government housing to investors, kick these lazy welfare people out and built a nice ass condo/apartment. They stopped construction I guess due to how expensive everything is. My buddy family of 9 under one house was paying like $900 / month. Got like 6 kids all under child benefit from government. Even til this. Of of those kids don't even work and they all 20 plus years old. Just literally milking off the welfare system and we need to continue to pay for these type of people living cost. Also marijuana needs to be illegal. Who the fuck legalize drugs and corrupta the country this badly
@mikemiller6483
@mikemiller6483 15 күн бұрын
Can we cut the BS? $75k median household income x 32% per RBC for a mortgage ratio = $24k / 12 months = $2k per month x 300 payments = $600k including interest and all banks fees over the term. Meaning where do you find a home that’s $300k??? This is simple math…. Stupid banks and economists. Get real and get a life.
@isaiahsmith8523
@isaiahsmith8523 12 күн бұрын
Housing wasn't affordable before the pandemic. Canada sold out to foreign investors and refused to regulate mortgages and rents.
@zhouyou28
@zhouyou28 15 күн бұрын
But who the heck want to live in Regina
@jasonday4658
@jasonday4658 15 күн бұрын
No one seems to say anything good about Regina. Seems slightly more popular than Winnipeg though haha
@onemoretime734
@onemoretime734 12 күн бұрын
I just looked into this on Zillow. There are lots of homes on the market there for under 100k and they’re not condemned or anything. Never been there but might be the move lol.
@FamilyCheung-kc1pw
@FamilyCheung-kc1pw 15 күн бұрын
Bigger cities are more expensive and smaller cities are cheaper . Is it normal? Alberta has highest unemployment rate, look at Calgary has 8.8% unemployment rate , no job , where the income to support the house?
@vancouverlife1
@vancouverlife1 15 күн бұрын
Can sell a condo in Vancouver or Toronto and get nice home in Edmonton!
@10mudpuppy
@10mudpuppy 15 күн бұрын
Windsor Ontario has the highest unemployment rate.
@FamilyCheung-kc1pw
@FamilyCheung-kc1pw 15 күн бұрын
@@vancouverlife1 Of course Edmonton is way cheaper that depends on whether you can handle the extreme cold weather, boring and smaller cities with less opportunities in long run too.
@wademacphee3924
@wademacphee3924 15 күн бұрын
I hope they all stay out there
@johnedmond787
@johnedmond787 15 күн бұрын
Would it be alright if I built a tree house in the bush and lived there?
@Joe-mz6dc
@Joe-mz6dc 15 күн бұрын
Just put up a tent in any of the city parks. They're out there right now all over the place. And I'm not joking. Walk into any city park going to the woods and you'll find tents. They're all over the place.
@JessT-vg7ib
@JessT-vg7ib 14 күн бұрын
vancouver has always been expensive
@dn6127
@dn6127 14 күн бұрын
All talk
@wc4109
@wc4109 15 күн бұрын
Canada’s 60% average pulled up by greater Vancouver or Toronto…. Take these 2 markets out, and Canada’s average should be closer to 30%…
@newworld6474
@newworld6474 13 күн бұрын
HOW TO MANUAL IN CREATING slumlords, slum nation, IMMIGRATION UP CANADA?
@jasonday4658
@jasonday4658 15 күн бұрын
Shocking news 😂. Vancouver is great to visit but horrible to live in..... way overrated. I currently live in Saskatchewan, and the weather is crap 9 months of the year.
@Dam-a-fence
@Dam-a-fence 15 күн бұрын
Big deal. Let me know who has $50 000 1/4 acres with a house and connected utilities. $5 000/year in property tax, no biggie. $10 000, that's pushing it but okay. $15 000, I'll rent, thanks.
@babyjeero123
@babyjeero123 15 күн бұрын
Does Vancouver being on the top 10 most liveable cities have anything to do with it?? Im sure its been on that list for a while now
@shauncameron8390
@shauncameron8390 14 күн бұрын
And also 3rd most expensive place to live in the world.
@babyjeero123
@babyjeero123 14 күн бұрын
@@shauncameron8390 Guess Vancouver houses prices will remain strong.
@Lpmeff
@Lpmeff 15 күн бұрын
Trudeau gone so we need a few years
@nairnbaker7385
@nairnbaker7385 15 күн бұрын
Gone too far from fundamentals.
@thetruedemocraticnorth
@thetruedemocraticnorth 15 күн бұрын
the capitalist class doesn't care
@shauncameron8390
@shauncameron8390 14 күн бұрын
Neither do the limousine liberal or champagne socialist classes.
@thetruedemocraticnorth
@thetruedemocraticnorth 14 күн бұрын
@@shauncameron8390 the socialist class is the working class. liberalism is your right to personal freedom and civil liberties. don't be ignorant be critical
@hchalz
@hchalz 15 күн бұрын
Aside from mass immigration, Trudeau and Freeland must build a mechanism to kick out these, who can't afford Canada. Canada is the best country on earth in human history. It's a privilege to live in this incredible country, not a right
@MayanksVlogs
@MayanksVlogs 15 күн бұрын
This is both right and wrong. If you look at vancovuer as in downtown and nearby areas then yes it is a tad bit more expensive that Toronto BUT if you compare GTA (greater toronto area) vs GVA (greatver vancouver area) then Toronto is more expensive than Vancouver. Taxes are much higher and the land size is costlier (per sq ft),
@joebachmeier6747
@joebachmeier6747 15 күн бұрын
All bullshit. If you want you can buy a mobile home and its cheap. I know people that pay 200 a month. But nobody wants to do that. Lol
@user-em8kn9xj7l
@user-em8kn9xj7l 15 күн бұрын
ye, if you cant afford a home in Toronto or Vancouver then move to a smaller town where you can afford something. People want to live in world-class cities yet pay pennies. Also, buying a home isnt that big of a deal. it just needs a little bit of financial planning, but most people are lazy and would rather just blame it on someone or gov.
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