Toronto rents for a 1-bedroom surpassed the $2,000 a month mark in almost every borough

[Jenesis]

Not a building issue, too much immigration. Trudeau is the problem. Since he got elected he rose immigration levels to levels never seen. We are experiencing a rapid population growth never seen since the 1950s. Before Trudeau a 3 1/2 in Toronto was about $1100 a month, then when Trudeau came in power the rents doubled in price. How much do you want to build seriously? Do you want Toronto to look like Hong Kong? Tall 100 story skyscrapers everywhere? Time to get population growth in check and slow it down.

America, Jr.

www.takimag.com

Direct Quote from the Article:


Canada is currently subjecting itself to a bizarre experiment in extreme population growth due to pedal-to-the-metal legal immigration.


Canada’s population rose about 1 percent per year for the first decade and a half of this century. But the Justin Trudeau era began in 2015, and growth was goosed to 1.5 percent by 2019. After a brief pandemic pause, the Trudeau government is now opening the borders extraordinarily wide.


In response, Canada’s annual population growth rate hit 3.0 percent in the third quarter of 2023, the kind of rise normally associated with Bangladesh in the 1980s. Over the summer, Canada’s population reached 40 million, up from 30 million in 1997.

And again, this problem started before him and shit like COVID has played havoc on the world economy- not just ours.

But I get it. You hate him and need to blame him for everything you think is wrong with the country. It’s ok. We don’t need to debate it about. I don’t care enough about him or you to continue on. Thanks.

 

[Not getting younger]

Toronto, Canada Metro Area Population 1950-2023

Chart and table of population level and growth rate for the Toronto, Canada metro area from 1950 to 2023. United Nations population projections are also included through the year 2035.

www.macrotrends.net

Here is a graph at how rapidly Toronto's population increased. That is scary. And all of it being done artificially via excessive immigration. There are 8.5 billion people on this planet, I think that is way too much. Toronto is already way too overcrowded. Want a preview of what Trudeau is bringing to Canada? Check out Manila and Mumbai. Very unpleasant places. If you like big houses with wide open spaces then think about what you wrote.

You’re making major assumptions. First being you assume I like JT, second you assume I’m not aware, nor do you know my position on the planets population.

You seem to understand the problem is population growth ( which if you could read, you’d know I agree with). Maybe you’re not aware the GTAs rate of growth is the fastest in North America read that two or three times if you need to... Nor do you want to examine or consider why that is.

You simply want to hang it on immigration. It’s not immigration ( though that’s part of it). Nor do you want to accept that we’ve always had immigration, and prior to JT doubling it, it increased in relatively small amounts, every year for decades… but the rate of real estate/rental prices have not always been a problem. Have only become a problem since around 2012. But you want to hang it on immigration…

Lastly for now. You don’t want to “do the math”. Birth rates are going down and have for decades ( hard statistics)…we are living longer ( hard statistics). For example I’m going to assume you don’t know, that when CPP was introduced during the 1950s, life expectancy was 11 years. Today that’s 25 years.

Do the math.
How will the economy grow? who will be working….When not enough ( already the case) or no one is being born….and we are all 80.

How will tax revenue, pay for stuff we need, ( say just Healthcare and education) when not enough ( already the case) or no one is being born, to replace those that are 66, no longer working and living into their 80s.

Without it?

 

[DesRicardo]

House prices have been a concern since early 2000.

The issue with Trudeau is he campaigned on affordable housing and price stability back in 2015. He hasn't lived up to his promise and things have gotten worse under his leadership.

Liberal Leader Justin Trudeau promises new affordable housing

Trudeau wants to invest in affordable housing and seniors homes, provide tax incentives to boost supply of rental units and help home buyers get in market

www.thestar.com

 

[dvous11]

House prices have been a concern since early 2000.

The issue with Trudeau is he campaigned on affordable housing and price stability back in 2015. He hasn't lived up to his promise and things have gotten worse under his leadership.

Liberal Leader Justin Trudeau promises new affordable housing

Trudeau wants to invest in affordable housing and seniors homes, provide tax incentives to boost supply of rental units and help home buyers get in market

www.thestar.com

Meanwhile his net worth went from $10M to $385M
Hmmmm wonder how that happened.
he doesn’t care about affordability. Just spending, maintaining power, and positioning himself for a UN seat for when he’s finally voted out.

 

[shakenbake]

So then why didn’t house prices ( and the rental) explode in the 1980s, 1990s, 2000s.

Housing prices started to explode around 1986 in preparation for the return to China of Hong Kong and the capital gains exemptions introduced by the Mulroney government of the day. Did you not remember the big correction of 1990 and 1991? Or, was that before your time?

 

[jalimon]

Interfere with the markets, then when said markets fail, blame markets instead of interference.

The housing problem is purely a government caused one, if not for various issues not even the recent rates of immigration would be a problem. OK a million a year might be pushing it, but not the 1% it was before that.

But fuck it, evidence, facts, reality it's all just homophobic white supremacy I guess.

But when government bail out big corporation because they fucked up is no considered interference with the markets?

 

[Not getting younger]

Housing prices started to explode around 1986 in preparation for the return to China of Hong Kong and the capital gains exemptions introduced by the Mulroney government of the day. Did you not remember the big correction of 1990 and 1991? Or, was that before your time?

No idea how old you are. But I remember the late 80s, when I bought my first house. I had no problem coming up with 20% for a down payment, I qualified for the mortgage with my own, single income. And I know when bidding wars started. They DID NOT exist prior to 2010-2012.

Your saying in the 80s people had trouble coming up with 20% down payment, or qualifying for mortgages on a single income, never mind duo…and bidding wars existed???

I invite you to look at this already supplied trend line, though it starts in 2000.

Toronto Real Estate Price History | Listing.ca

toronto.listing.ca

 

[shakenbake]

No idea how old you are. But I remember the late 80s, when I bought my first house. I had no problem coming up with 20% for a down payment, I qualified for the mortgage with my own, single income. And I know when bidding wars started. They DID NOT exist prior to 2010-2012.

Your saying in the 80s people had trouble coming up with 20% down payment, or qualifying for mortgages on a single income, never mind duo…and bidding wars existed???

I invite you to look at this already supplied trend line, though it starts in 2000.

Toronto Real Estate Price History | Listing.ca

toronto.listing.ca

Then you don’t remember in Toronto how many lost their shirts in the early 90s due to the housing market that was astronomical and then collapsed. I recall that, from the mid 80s to 1990, housing costs, including rent, exploded. It was not uncommon for cunning people to convert garages into housing units, with lane way access to the ‘houses’. You can talk all you want about trends; I witnessed the madness. Before the mid 80s, there was Reganomics and astronomical interest rates. Canada savings bonds were paying 18 to 19 % interest.

 

[Not getting younger]

Then you don’t remember in Toronto how many lost their shirts in the early 90s due to the housing market that was astronomical and then collapsed. I recall that, from the mid 80s to 1990, housing costs, including rent, exploded. It was not uncommon for cunning people to convert garages into housing units, with lane way access to the ‘houses’. You can talk all you want about trends; I witnessed the madness. Before the mid 80s, there was Reganomics and astronomical interest rates. Canada savings bonds were paying 18 to 19 % interest.

Ah, but you’re citing inflation and interest rate, for causing a market crash. Which I do remember too. If immigration was the problem, would they not have gobbled up all those cheap houses…and caused a huge spike inprices?

Essentially the same graph and trend line. This time the past 50 years. As you can see for the most part it’s correlated to population growth ( fairly slow and steady) for the past 50 years…..until..

Toronto Real Estate Prices Housing Report (1967 to [y])

The Toronto price chart has become scary over time but many are still hoping it will turn the corner. Here you can see the average real estate prices in Toronto from the past 50 years and our analysis of it all... You won't believe what we found...

precondo.ca

 

[jeff2]

Then you don’t remember in Toronto how many lost their shirts in the early 90s due to the housing market that was astronomical and then collapsed. I recall that, from the mid 80s to 1990, housing costs, including rent, exploded. It was not uncommon for cunning people to convert garages into housing units, with lane way access to the ‘houses’. You can talk all you want about trends; I witnessed the madness. Before the mid 80s, there was Reganomics and astronomical interest rates. Canada savings bonds were paying 18 to 19 % interest.

I do remember housing prices peaking the late 1980s. Our family home in Etobicoke was going up quite a bit.
Regarding rental, around the same time a friend and his wife were searching for an apartment and they looked at a bunch of them on the west side of highway 427.
They were all jam packed(boomers?) Not sure if the landlords were allowed to increase rent on vacant units back then.
They finally got a unit on Anglesey Blvd. through a family connection.

 

[shakenbake]

Ah, but you’re citing inflation and interest rate, for causing a market crash. Which I do remember too. If immigration was the problem, would they not have gobbled up all those cheap houses…and caused a huge spike

[/QUOTE]
That is what happened when Hong Kong money came in and bought houses to cause prices to skyrocket. the references you cite do not tell the whole story, and even then a biased version.

 

[DesRicardo]

he doesn’t care about affordability. Just spending, maintaining power, and positioning himself for a UN seat for when he’s finally voted out.

Trudeau is literally a WEF stooge. He doesn't even work for Canada.

Just smile, wave, and read from the script we gave you.

 

[escortsxxx]

No. This was created by Trudeau's mass immigration policy. He artificially created rapid population growth thus increased demand but supply was not able to keep up with it. Keep in mind this problem was in the works since the past 20 years. Immigration has to be shut down for a good five years and apartments and houses got to be built till supply outnumber demand then immigration can be resumed but it must be modest numbers not excessive like what Trudeau did. Trudeau is part of the Century Initiative, an organization run by madmen who seek to increase Canada's population to 100 million by 2100.

I agree with the policy but there's nothing With 1 party or the other. Harper started the Floodgates open and trudeau continued his policies.
Just awesome people care about the nation as a group If you hold property and need cheap labor They could really benefit for this. If you have 1 or 3 homes The higher prices help you if you cut run.
What we do need a 5 year or 10 year stop it all in the freezer except Refugee fleeing death.

 

[jeff2]

I agree with the policy but there's nothing With 1 party or the other. Harper started the Floodgates open and trudeau continued his policies.
Just awesome people care about the nation as a group If you hold property and need cheap labor They could really benefit for this. If you have 1 or 3 homes The higher prices help you if you cut run.
What we do need a 5 year or 10 year stop it all in the freezer except Refugee fleeing death.

Voting is useless in Canada. Hard to see any change without a direct democracy like Switzerland. Referendums on major issues.

 

[CLOUD 500]

Here is the mass immigration viscous cycle explained in a nutshell

Not only that excessive population growth is causing big price hikes at the grocery stores even though the quality of the food has gone down and the prices has gone way up, it is still selling because the population has doubled since the 70s. Justin Castro made it much worse with his mass immigration population and is behind the Century Initiative.

 

[DesRicardo]

Harper started the Floodgates open and trudeau continued his policies.

On Immigration? Harper was pretty conservative with that.

 

[DesRicardo]

Voting is useless in Canada. Hard to see any change without a direct democracy like Switzerland. Referendums on major issues.

People always say voting doesn't matter until a decade later they realize how much it does matter.

Somethings are irreversible and it's important those politicians with policies with irreversible consequences do not get voted in.

 

[jeff2]

People always say voting doesn't matter until a decade later they realize how much it does matter.

Somethings are irreversible and it's important those politicians with policies with irreversible consequences do not get voted in.

If it is a big issue with irreversible consequences there should be a referendum.
Also, lobbying should be abolished.

Switzerland is a direct democracy. Alongside the usual voting rights accorded in democracies, the Swiss people also have the right to vote on specific issues. Switzerland is governed by the Federal Council, a seven-member collegial body whose decisions are made by consensus.Aug 31, 2023

 

[DesRicardo]

If it is a big issue with irreversible consequences there should be a referendum.
Also, lobbying should be abolished.

Switzerland is a direct democracy. Alongside the usual voting rights accorded in democracies, the Swiss people also have the right to vote on specific issues. Switzerland is governed by the Federal Council, a seven-member collegial body whose decisions are made by consensus.Aug 31, 2023

A referendum on what? That's a bit extreme.

Switzerland is a special country. Also, the WEF headquarters are in Switzerland.

 

[escortsxxx]

On Immigration? Harper was pretty conservative with that.

Harper has gotten Reputations been anti immigration he actually reformed the system to make it part of the system that we have now.
"Oct 9, 2015 · The first is that the Conservatives became a preferred party of immigrants and of many racial and religious minorities. In the 2011 federal ..."


Focusing on jobs I'm cheap labour He made He made immigration a Conservative issue only I made a desirable to The capital is class. As well Immigrants reject many Modern values ..they are pro family And of course conservative sexually rejecting woke concepts. Natural born Canadians tend to have work politics Unless the parents were born Abroad And raise them traditionally . The conservatives we have realized that they're long terms Majority of Are going to be defended by the Immigrant class.

Stephen Harper believes a global demographic shift is under way, one that will force developed nations such as Canada into a furious competition for talented immigrants in the years aHead

tps://www.theglobeandmail.com/news/politics/canada-needs-to-get-competitive-to-attract-skilled-immigrants-harper

There is a lot of Old people looking through the conservatives as they were not as they are. It is true they try to appeal to both bases.[/URL]




Ps
when same-sex marriage was under heated debate in Parliament, Harper decided to use it as a wedge issue to approach ethnic voters. He ordered the party to spend about $300,000 on print advertisements in Canadian ethnic newspapers, running in early 2005, to point out that the Conservatives were the only party opposed to same-sex marriage. From that point on, the party put more and more effort into courting ethnic voters.

Many new Canadians are socially conservative, believing in stable traditional families rather than the lifestyle obsessions of Liberal elites. Most are religious; a surprising number, especially among Chinese, Vietnamese, Koreans and Filipinos, are Christian. Many are economically conservative and entrepreneurial, running small businesses and concerned about the tax burden. In other words, many immigrants look like Conservative core v others, except that they may have a different skin colour and mother tongue.

Immigrants vote conservative As long as there were the right type of Immigrant