Here’s why Canada’s real estate market remains ‘on fire’

Here's why Canada's real estate market remains 'on fire' 1

 

Sales in Toronto reached a record 15,652 last month, up 97 per cent from 7,945 during the same time last year.

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37 Comments on "Here’s why Canada’s real estate market remains ‘on fire’"

  1. juliette Irene | April 6, 2021 at 5:10 PM | Reply

    If the Canadian government would stop mass immigration and limit foreign ownership to 49% this problem would be over in a day.

    • @juliette Irene yeah, I guess that’s why they are buying luxury homes

    • juliette Irene | April 6, 2021 at 9:55 PM | Reply

      @MrPitbull And driving up the largest real estate overvaluation in the world. It could all be changed with the stoke of a pen.

    • juliette Irene | April 6, 2021 at 9:56 PM | Reply

      @MrPitbull There are Canadian cities full of ghettos. They aren’t all buying “luxury homes”.

    • Maureen Wagg | April 8, 2021 at 9:52 AM | Reply

      It’s the foreign ownership that I have an issue or a hundred with. THAT is the problem with all of this rental price hikes. The landlords don’t live here at all. You can’t talk to them about issues in your building and you cannot prevent rent hikes. That has to stop asap.

    • juliette Irene | April 8, 2021 at 10:08 AM | Reply

      @Maureen Wagg 100%

  2. Stop just reporting on this like its gossip, push the govt to do something!!?!

  3. Inflation from mass money printing…this is just the beginning

  4. Garry Shearer | April 6, 2021 at 5:33 PM | Reply

    hyper inflation will make the home prices of today very cheap in 10 to 15 years.

  5. Robert Gloeden | April 6, 2021 at 5:37 PM | Reply

    It’s obvious That it Has to be Doug Shutdown Ford’s amazing economic goals of eventually to have no Small Businesses

  6. watched this working from home in sweatpants

  7. rushil jalnawala | April 6, 2021 at 5:48 PM | Reply

    Ugh another one of these reports 😏 is the govts attitude to just wait and see cause that’s going to not work.

  8. Stefan Pedias | April 6, 2021 at 6:24 PM | Reply

    Corruption

  9. Jordi Patrick | April 6, 2021 at 6:46 PM | Reply

    INFLATION

  10. Deaf Nintendo Guy | April 6, 2021 at 6:46 PM | Reply

    Build a wall fence on around Canada border

  11. Selling your Home? Try moving to another Province, impossible!

  12. The Mayor of Vancouver I think is the one in lower mainland that understands the situation and tried to do something about it. Making it illegal to put on Airbnb your entire unit, and going after those who kept doing it and the effect was quick. But it has to be done by all the cities in lower mainland, or let’s have the same law on Airbnb nationwide and make it illegal to use residential units as a hotel. I don’t buy the excuse it’s helping a home owner to afford their mortgage, when it’s the cause for prices to triple in five years in some areas in lower mainland. The highest new building boom in USA two years ago was Seattle it had 60 Cranes on the sky, lower mainland had around 250 then and we still going strong so it’s not supply shortage but who is buying and holding them away from rentals as well.

  13. 🤮🤮🤮

  14. Get in the real estate marketing while you still can.

  15. Paying for your commute to work and paying for day care!…. I know cannabis is legal, but smoke another one!…lol

  16. Oh, Harper government, oh Trudeau government, oh BOC, what have you done, ruined the future of Canada!

  17. The title is misleading. these two clown anchors mention absolutely nothing about the “why”

  18. Were in the weimar republic at this point

  19. Our government officials are incompetents and sleeping at the wheel. At this point they are either complicit or complete fool. How can they let this happen. It really depressing to see how powerless we are, no matter who we vote for we are always screwed.

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