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Home VIDEO NEWS FROM AROUND THE WORLD

How did Canada's "housing crisis" happen?

by 198indonesianews_v2w0tn
August 29, 2021
in VIDEO NEWS FROM AROUND THE WORLD
37
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It is a constant challenge for Canadians – the availability of properties to purchase or hire shouldn’t be maintaining with the rising inhabitants. It is turning into a spotlight for the political leaders throughout the federal election marketing campaign and lots of, together with politicians, are calling it a “housing disaster.”

Throughout the COVID-19 pandemic, the typical dwelling value throughout Canada soared greater than 30 per cent, with traditionally low mortgage charges and a requirement for more room fuelling the frenzy. However even earlier than COVID-19, affordability was growing out of attain for a lot of in huge cities like Vancouver and Toronto.

Anne Gaviola takes a take a look at the elements behind the “disaster,” older properties and youthful employees priced out of the market and what could be completed?

For more information, please go to https://globalnews.ca/information/8133853/canada-election-housing-crisis-explained/
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Tags: Canada39scovid indonesia world newscrisisquotglobal newshappenindonesia world newsinternational newslatest global newslatest global news todayquothousingworld news indonesia earthquakeworld news indonesia volcanoworld news todayworld news today headlinesworld news today in english
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Comments 37

  1. Marina Marina says:
    10 months ago

    I guess Canada doesn't have enough land to build enough housing 🙄

    Reply
  2. Nathan Blades says:
    10 months ago

    Foreign drug dealers Laudering money with property's
    Hope This Helps 😉

    Reply
  3. Old School says:
    10 months ago

    The answer to how did the housing crisis happen is, Truduh allowed it to happen, by giving to those brought in to Canada, and not helping our veterans, and natural Canadians.

    Reply
  4. BigSlimyBlob says:
    10 months ago

    The Bank of Canada thought it would be funny to drastically increase the already-high price of property by mutilating the interest rate.
    With people having accumulated tons of money during the pandemic, everyone had a downpayment ready and available.
    And with the real estate rush, FOMO does it dirty work and makes sure everyone contributes to making things worse.
    The rich make billions, the poor are stuck renting forever. Everything is going according to plan.

    Reply
  5. Trevor Holmes says:
    10 months ago

    No…. it all comes down to greed. It's really that simple. See the average canadian can no long afford home ownership. Not with everyone in the world not willing to take 1.49 for that same cup of coffee they got 1.50 for the day before. Fix that problem and the rest will fall in place. But i mean fat chance of that happening in our generation…. or a few more for that matter. Until the people of this world figure out "What can I do for you" instead of "What can you do for me" these problems will just keep popping up.

    Reply
  6. Fantomas Fantomas says:
    10 months ago

    all same clan nwo order

    Reply
  7. Mili Das says:
    10 months ago

    Total rip off

    Reply
  8. J C says:
    10 months ago

    How did it happen? Easy, poor governing and foreign buyers, mostly from China. Also too many immigrants coming in that the housing can sustain. How to fix this? Easy, get rid of stupid communist/leftist governments and stop foreign buyers from being able to purchase. Also slow down the amount of immigrants coming in.

    Reply
  9. Ash Rav says:
    10 months ago

    Ask Trudeau and his buddy, Klaus Schwab about the housing market. I remember them saying "We will own nothing and we will be happy".

    Reply
  10. canada first says:
    10 months ago

    @canadafirst @ trump
    CANADA FIRST IS THE GREATEST . What real leadership is about
    since day 1 We Never left ourwingman .
    we put our CanadaFirst Following into the Greatest and Most Epic Battles for all of time .,
    In GOOD vs EVIL
    we destroyed all evils social media from the inside of their pages to their following

    Our canada first Following are now going to be
    ASTROTHEOLICAL & BIBLICAL HEROS
    for Helping to Bring in the SECOND COMING .

    @CANADAFIRST @ TRUMP . WINS
    EVERYONE WAS AGAINST US
    & WE STILL WON .

    don't believe me until you cannot not believe it
    i am the greatest canadian that ever was , is or will be
    canada first is legend
    the canada first following is the good that helped take down global evil
    we all did it all for everyone

    your life will be much better
    than the history of the Canada Gov has ever made it
    we bypassed it
    to help save humanity

    its coming …
    if i told you after
    no one would believe it .

    Reply
  11. Jana Houri says:
    10 months ago

    Reckless intake without preparation. Trudeau is a rich elite multi millionaire. He is like that kid in high school who has friends only because he has a car and buys the beer. Only its your money he his buying favours with. 3 year waiting list to build a house in my city. No new subdivisions being built. No condos. Even all the trailers have been bought off the lot. Pathetic when you can't even find a home on wheels.

    Reply
  12. Eshaw says:
    10 months ago

    massive amounts of continuing immigration and foreign investors📈

    Reply
  13. Eshaw says:
    10 months ago

    Vancouver is literally known for money laundering through real estate by major wealthy Chinese and other overseas investors.

    Reply
  14. 30Shotz says:
    10 months ago

    Vote People's Party of Canada.

    Reply
  15. Lori Pop says:
    10 months ago

    Vote PPC!!!

    Reply
  16. Johnny K says:
    10 months ago

    Housing crisis? More like imigration and government welfare crisis

    Reply
  17. Xavier Harding says:
    10 months ago

    look at all those losers taking photos with ol blackface !

    Reply
  18. Ivanna Jerkov says:
    10 months ago

    Open their YT page and take a shot for every video with "crisis" in the title. Make sure you have a designated driver with you.

    Reply
  19. The Terminator says:
    10 months ago

    Let's get rid off Trudeau. House price skyrocketed in the last 6 years under Trudeau's watch and now he has a solution. What a joke..haha

    Reply
  20. User says:
    10 months ago

    BUILD MORE HOUSES. The solution isn't any more complex then that. Remove red tape, improve incentives for builders/investors and they will build!

    Reply
  21. NJ says:
    10 months ago

    Look at our leaders with their hands on the tools pretending to fix stuff.

    Reply
  22. Barrett McNewfie says:
    10 months ago

    Because it’s all a scam 👎👎

    Reply
  23. G Guidarelli says:
    10 months ago

    Quantitative easing inflates asset prices….

    Reply
  24. Arius Maximilian says:
    10 months ago

    Trudeau: oh, the house you wanted to buy is 400k over ur budget? here is 40k so you can "afford" it.

    Reply
  25. rena F. says:
    10 months ago

    The same people complaining about immigrants and students couldn't afford a $10,000 house anyways 🤣🤣🤣

    Reply
  26. Krawtch says:
    10 months ago

    there's always a crisis for you to be "working on" when it's you who creates them.

    Reply
  27. firsy says:
    10 months ago

    HOW DID THIS HAPPEN lmao

    Reply
  28. voidremoved says:
    10 months ago

    Canada needs to stop bringing people in and start sending people out. Canada has most of the worlds supply of water, we need to protect that and protect the nature and wildlife for the future of life on earth.
    Why are we still destroying nature? There is lots of other places for people to live, lets all move to the desert and build cities there or do we want to kill the whole planet

    Reply
  29. truly a wonderful bush to behold says:
    10 months ago

    It happened by design and it resulted in me being forced to leave my home.
    Didn't need a 2min video for that

    Reply
  30. TheHarsh Truth says:
    10 months ago

    Jagmeet is the "Brown Trudeau"
    No different than Justin the loser.
    Communism with a turban.

    Reply
  31. TheHarsh Truth says:
    10 months ago

    After they vote out Trudeau, we as Canadians should at least let the poor know where
    Trudeau's home is located so the homeless tents can camp out on his front lawn and
    his garage from this point on.

    Just because a prime minister is voted out, it doesn't mean he shouldn't continue to
    pay long after his reign is over for screwing over Canadians.

    Reply
  32. Jeff Spicolli says:
    10 months ago

    Of the two often discussed solutions to housing affordability, one being reducing the number of buyers/renters by reducing immigration or building more homes only one is environmentally friendly.

    Reply
  33. Gavish Sethi says:
    10 months ago

    51% downpayment on secondary homes

    Reply
  34. Bill K says:
    10 months ago

    You're bringing in 400,000 migrants a year and he says he wants to bring in more than that to catch up from the pandemic.
    So is it a big surprise that we have a housing issue?

    Reply
  35. Good Supply says:
    10 months ago

    On a scale of 1 to 10, who here thinks voting should be based on income of $20K+. We would never have spineless leaders in charge.

    Reply
  36. HOMOSEXUALS DESTROY FAMILY VALUES says:
    10 months ago

    Looks like Tardo can't get enough mask coverage over that big Quebec nose.
    He started the housing crisis by taxing Canadians to death and spending taxpayer
    money for affordable housing for immigrants. He's building tomorrows slums
    where we can expect gangs, drugs and illegal gun violence. Your forthcoming
    happy days brought to you by the Liberal Party of Canada.

    Reply
  37. Maria Barbarino says:
    10 months ago

    Liberals PM Freelands bond bouncing $3 billion of borrowed tax moneys at a time a week and pocketing interest should could not have help. The national bank ID the large returns in interest the rich who have that money profit and someone has to pay that back so it falls on everyone else while the rich take the money (interest) like Freeland and society pays . Sad to say its totally legal.look up on youtube
    Title.
    Governmemt Borrowing & Central Bank Printing
    Published by Pierre Poilivere on apr. 28 2021
    Its 7 24 min q& a from parliment.
    If canada had good government not these caught paying foreign tax haven billionaires pandemic money Liberals we would not be in such a state. All these monies unaccountable and the document hiding agency Trudeau Freeland and Hadju ID glotting they are head chair of that should not exsist in a domocracy but holds some of these secrets if there not already blacked out like the wescandal. Failed liberal corrupt government theres your answered why and how . My opinion.

    Reply

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