Survey: 18% of homeowners say they already can’t afford their homes | Real estate in Canada

Survey: 18% of homeowners say they already can't afford their homes | Real estate in Canada 1

42 comments

    1. Those selling their homes will need to find something to buy or rent. Unless real estate stock is built they’ll be playing musical chairs.

    2. @Lenard Segnitz if it is something more cheap, it’ll still help to bring the prices back to normal. Not all houses and not all apartments are equal or push up the prices the same way.

    3. @IARRCSim A market crash consists of a drop of 28% or more… the average price of homes went up 26.7% in February of this year and another 12.3% the following month in March.

      That means even if we get a giant market crash we would be going back to what prices were summerish last year and just incase you were not paying attention the prices then were unaffordable as well.

      Our home prices have been steadily increasing and have not had a significant drop since 2007.

    4. @cordogg 1 0.1% is better than 0% regardless. If it helps by 0.1% to bring the prices back to normal, it still helps even if the prices doubled in the last few years.

    1. I sold my house, moved cities and down sized so i could buy a property outright. I will be buying more properties on sale next year that renters will be paying my higher interest and taxes. 🀣🀣

  1. Thanks to the federal government and the bank of Canada which created this mess through lack of policy/regulation and cheap money. Investors, corporations and the rich have flourished due to lack of government accountability. This is why your stuck with massive mortgage debt and as a result has contributed to ridiculous house appreciation destroying the next generation. It’s disgusting.

  2. *In spite of the economic fluctuation, I’m so excited I’ve been earning $45,000 from my $10,000 investment everyday 10days.*

    1. @John Giver Thanks I just called her now and she picked up, thank you I so much appreciate.

  3. This video sounds more like a desperate threat than of any resemblance of news. β€œDon’t raise interest rates any further or I will have to sell the house I don’t and will never β€œown”.

  4. Major investment firms have billions of dollars waiting to buy up residential property. The average citizens are priced out of the market= slow down is due to an affordable housing price

    1. Really! You know her? I even thought I’m the only one she had helped walk the fears and falls of trading

    2. Meghan Ann Brudie is quite popular on Bloomberg I doubt if there is anyone who is serious on stock, crypto and forex trading that doesn’t know her.. She helped me quite a few times in growing my portfolio and it was blissful without any setbacks

    3. As the economic keep rising, one needs to have different streams of income, a well diversified investment equity in the financial market is needed to survive, as well as secure a profitable investment in the future

  5. next time do not buy anything you can’t afford πŸ€·πŸ»β€β™‚οΈ okay πŸ‘

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