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I could see lots of people waiting to see how the election goes.
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Jul 14, 2020 16:50
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Of my expat friends I know one family that is moving back, but they were planning on it already and were in fact interrupted by covid. One of about 15-20 couples.
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Jul 14, 2020 17:27
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Americans in America are trying to transfer to the Canadian office of the company I work for
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Jul 14, 2020 17:30
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The family friend we know that was trying to winter in Arizona just got told by her insurance company LOL no.
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Jul 15, 2020 01:32
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Just back from a week in Victoria. Still a beautiful place to be. Homeless problem is a bit out of control though, but probably no worse per capita than the rest of the province. Parks still full of tent cities. I was surprised by how large the tents were - big multi-person affairs. Housing still stupid expensive compared to incomes, but more affordable than around Vancouver. Love the proximity to the water and the short distances to just about everywhere. People seem happier and less stressed. With small kids we spend a good amount of time at the park, and Victoria (and Oak Bay, and Saanich) had such friendly people. People would just strike up conversations apropos of nothing. It was refreshing.
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Jul 20, 2020 02:39
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You can buy a big multi person tent for $200-$300 on clearance. Even the shittiest flophouse costs more than that per month.
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Jul 20, 2020 02:51
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Nobody I know who moved down is moving back. We are pretty affected by Trump up here too. We have dumb people too. Our fates are tied with the US's. I hope nobody coming back thinks they're going to be immune to the bullshit happening down there.
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Jul 20, 2020 03:29
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Mandibular Fiasco posted:Just back from a week in Victoria. Still a beautiful place to be. Homeless problem is a bit out of control though, but probably no worse per capita than the rest of the province. Parks still full of tent cities. I was surprised by how large the tents were - big multi-person affairs.
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Jul 20, 2020 04:07
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Mandibular Fiasco posted:Just back from a week in Victoria. Still a beautiful place to be. Homeless problem is a bit out of control though, but probably no worse per capita than the rest of the province. Parks still full of tent cities. I was surprised by how large the tents were - big multi-person affairs. I moved to Victoria a month ago from Edmonton and this place seems like literal paradise, but also I'm paying $1780 per month for a 700sqft 1br apartment (including parking) and it doesn't even have in suite laundry. I can see why tents are so popular.
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Jul 20, 2020 07:03
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How do you all think the refugee crisis resulting from the impending Second American Civil War is going to impact Canadian housing costs in our border cities?
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Jul 20, 2020 15:45
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Square Peg posted:I moved to Victoria a month ago from Edmonton and this place seems like literal paradise, but also I'm paying $1780 per month for a 700sqft 1br apartment (including parking) and it doesn't even have in suite laundry. I can see why tents are so popular. drat yeah...that's like Vancouver prices.
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Jul 20, 2020 17:37
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Claes Oldenburger posted:drat yeah...that's like Vancouver prices. Also food and gas seem to be half-again more expensive than Edmonton. I'm glad I drive a Volt.
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Jul 20, 2020 19:27
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Well I'm continuing to monitor the Toronto rental market. Not an imminent move anymore due to covid, but still planning to move at some point. In 5 months of regular checking I have seen no change in good rental availability for nice townhomes or condos, certainly not a main-floor of a house with backyard for less than 3.5K, and no drop in prices. I think I've been posting this unscientific update in this thread for 4 months? Our economy hasn't been hit as bad as the US, but holy poo poo I expected some economic reaction. I'm just baffled, how do people live like this? Is everyone around me just in crippling debt (yes). Rents in Alberta are high but I can kind of justify them, and I'm clearly in a bubble where my frugal searches have kept us in really nice but affordable places.
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Jul 22, 2020 04:55
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Rime posted:How do you all think the refugee crisis resulting from the impending Second American Civil War is going to impact Canadian housing costs in our border cities? They will obviously go way up.
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Jul 22, 2020 06:40
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sleep with the vicious posted:Well I'm continuing to monitor the Toronto rental market. Not an imminent move anymore due to covid, but still planning to move at some point. In 5 months of regular checking I have seen no change in good rental availability for nice townhomes or condos, certainly not a main-floor of a house with backyard for less than 3.5K, and no drop in prices. it helps when you realize that the people driving home prices are not the people living in those homes or people whose income has been heavily impacted by covid
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Jul 22, 2020 15:45
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ChickenWing posted:it helps when you realize that the people driving home prices are not the people living in those homes or people whose income has been heavily impacted by covid Emphasis on the second part. If you're in tech, sales, or finance, chances are you can work from home and everyone I know who earns north of 150k-200k in TO is in one of those fields. It's easy to blame people not living in homes (which I agree is a problem that seriously needs to be adressed), but my guess is the lions share is from Canadians who live in our largest city who make bank and can work from home. When you look at stats about jobs affected, the vast majority is in people who could have never afforded those rentals in the first place.
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Jul 22, 2020 17:03
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Y'all many of these things can have a very significant lag factor.
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Jul 22, 2020 19:34
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CERB, eviction bans, and mortgage deferrals have kept the bottom on the market for the most part. That might change once those programs run out in the fall and people suddenly have no money, but I've lost faith in the Canadian govt to not throw everyone under the bus so that real estate doesn't collapse.
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Jul 22, 2020 21:13
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I would suggest that they don't really have any way of accomplishing that. HOWEVER, judging by the stock market performance over the last 4 months, I think there is an argument to be made that the capital that owns real estate has become so large it is self sustaining at this point.
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Jul 22, 2020 23:31
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Crow Buddy posted:I would suggest that they don't really have any way of accomplishing that. HOWEVER, judging by the stock market performance over the last 4 months, I think there is an argument to be made that the capital that owns real estate has become so large it is self sustaining at this point. I'm fully convinced that the people who are running the bank of canada would sooner devalue the currency and allow inflation to run rampant than allow housing to collapse.
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Jul 23, 2020 20:11
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qhat posted:I'm fully convinced that the people who are running the bank of canada would sooner devalue the currency and allow inflation to run rampant than allow housing to collapse. I can't think of a thing more Canadian than the people in charge in this country doing their best to protect real estate at all costs.
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Jul 23, 2020 21:09
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A lot of interesting numbers on this page, comparing 1999 and 2016: https://www150.statcan.gc.ca/n1/pub/75-006-x/2019001/article/00012-eng.htm All of which is to say that with a 63% ownership rate overall and a huge chunk of the economy devoted to real estate, it would seem more people are hurt by a collapse than sustained/rising prices and everybody in power acts precisely accordingly.
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Jul 23, 2020 21:23
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Well, except for the part about how the mortgage debt burden has doubled (in adjusted dollars) over that time.
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Jul 23, 2020 22:10
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qhat posted:I'm fully convinced that the people who are running the bank of canada would sooner devalue the currency and allow inflation to run rampant than allow housing to collapse. I mean, I agree that the Canadian government would sacrifice the entire population under 55 on the altar of house prices if they thought it would help. I just don't think it will help but admit it won't stop them from doing it anyways.
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Jul 23, 2020 22:12
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Crow Buddy posted:I mean, I agree that the Canadian government would sacrifice the entire population under 55 on the altar of house prices if they thought it would help. They already are doing it. Tiff Macklem has already made it extremely clear that near zero interest rates aren't going anywhere and there's even indications that they are going control the yield curve too, essentially allowing runaway inflation which is going to royally fuckup anybody who doesn't own real assets.
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Jul 23, 2020 22:33
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Imagine your name being Richard Tiffany and voluntarily going by Tiffany.
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Jul 23, 2020 23:20
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McGavin posted:Imagine your name being Richard Tiffany and voluntarily going by Tiffany. I mean, if the alternative is people calling you Dick...
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Jul 24, 2020 01:10
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He’s got a Tiff Dick for maintaining our lovely situation 
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Jul 24, 2020 03:04
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lol >Be Millennial >See nothing but war for oil or drugs growing up >Get out of high school or college right as the housing recession hits >Can't get a job >Eventually get a job a couple years later >Same wages as like 2004 >Scrimp and save as much money to pay back your 9% interest student line of credit/OSAP bill >Be told for 5-7 years "sorry things are going to be tight around here for the next couple years on account of the recession" never get a raise >Be good and save money as your parents told you (in a 0.05% savings account from the big banks) >Learn about high interest savings account (3%) >Savings now don't degrade with inflation year over year >Try to jump into the market but you're outpaced every time >See property values double since 2015 >See interest rates at their lowest >Housing market still going up up up >literally punished for not overextending yourself and incurring an insane amount of risk >COVID hits >Housing Market still goes up >Laid off >Interest rates drop >Inlaws uncle just bought their 14th property talks about hard work and how landlords are "good honest job" lol gently caress me what's the point of even trying.
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Jul 24, 2020 14:59
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And people still think it's unreasonable to start threshing the top of the pyramid. Literally.
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Jul 24, 2020 15:01
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https://ca.finance.yahoo.com/news/the-dream-will-become-a-nightmare-siddall-says-on-wealth-inequality-151501163.htmlquote:
quote:“We can't make homeownership profitable and make housing affordable at the same time,” Swanson explained, “I think those two things are mutually exclusive they pull in opposite directions.” Well, everyone just needs to make more money!
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Jul 31, 2020 07:43
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half cocaine posted:https://ca.finance.yahoo.com/news/the-dream-will-become-a-nightmare-siddall-says-on-wealth-inequality-151501163.html The feds should just subsidize realtor licensing so we can all be rich
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Jul 31, 2020 16:19
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Make realtors public servants on salary and socialize the commissions into public housing funding.
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Jul 31, 2020 16:28
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You guys aren't thinking big. Helicopter money for everyone's housing purchase. $100k. It will increase demand and the money will trickle down to the poor developers who are just barely scraping by.
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Jul 31, 2020 16:33
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Got this in the mailbox of my (rented) apartment today Looks like investors just buying up as much stuff as they can get, according to this they already got 42! Not really sure how anyone without family money / venture capital is supposed to buy at this point as housing stock just gets consolidated into fewer and fewer hands  Alctel fucked around with this message at 18:26 on Jul 31, 2020 |
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Jul 31, 2020 18:13
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Last year my parents got an almost identical note in Hamilton. I guess this is pretty wide spread. 
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Jul 31, 2020 18:50
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I struggle to think of anything the CMHC has done that hasn't been inflationary to housing prices, at least theoretically. It's basically their mandate. So it's cute that Siddall says all that poo poo but if he really believed it he should resign.
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Jul 31, 2020 19:52
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Maybe that’s what they’re teaching at those get rich quick seminars.
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Jul 31, 2020 19:53
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Wow that is almost identical eh
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Jul 31, 2020 20:42
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maybe its the same ppl who tell you to send a handwritten thank you note after a job interview
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Jul 31, 2020 22:42
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