Comments on: Canada’s Real Estate Bubble Is So Big Households Need 64% of Income For A Mortgage

By: Stu Stu

Stu Stu — Mon, 22 Aug 2022 18:19:58 +0000

Ridiculous story, most people can not qualify now to buy a house due to the fact interest rates are higher as is the stress test to get a mortgage in the first place. This should have happened 3 yrs ago. All it is doing is Government is putting more money in the banks and screwing the middle class. With the increase in rates the price drop balances out with the extra payment you are making anyways. Supply and demand and as long as they keep the quota for immigration it will always be larger demand for housing. As usual the Government is destroying what a great country Canada used to be. Shame Shame Shame!!!

By: Omar

Omar — Sun, 21 Aug 2022 17:43:02 +0000

In reply to Daniel Olmstead. I know. If they're going to write a story on mortgage costs, why won't they include how much my car insurance was? It's like they passed grade 10 English class or something and realize topics are isolated.

By: Bob Walter

Bob Walter — Fri, 19 Aug 2022 02:50:50 +0000

I do not see the issue, there’s still 36% left to spend on housing,
At least good for another 2 years of growth.

By: Brian M

Brian M — Thu, 18 Aug 2022 22:21:43 +0000

In reply to Brian M.

Sorry here is the link.
https://acrobat.adobe.com/link/review?uri=urn:aaid:scds:US:492ec5a1-f98c-3509-8e29-8e492b14edc2#pageNum=6

By: Brian M

Brian M — Thu, 18 Aug 2022 22:21:03 +0000

Yup, we need a bit of a price correction in Canada. Some areas more than others. In Victoria BC. the prices have had a modest decrease so far. The nest rate hike on Sept. 7th should prompt some more activity. My opinion is a 20% correction by years e
nd. Then a stabilization period of 1-2 years. Then away we go again, maybe???
Here are some recent stats I pulled. what do you think Wolf or anyone else?

By: Z

Thu, 18 Aug 2022 14:50:10 +0000

Let’s get real here. With the insanely high levels of immigration our country has, coupled with the fact that we have so few metropolitan areas that can support the influx and have jobs available, prices in our biggest cities will continue to remain high. The demand will always be there. I’m all for immigration, but unless governments can funnel those people to spread out to other parts of the country, there is no hope for an affordable future for future generations. It’ll just be a haves (landlords) vs have nots (renters).

By: Daniel Olmstead

Daniel Olmstead — Thu, 18 Aug 2022 13:53:25 +0000

If you are going to make such a story why focus just on mortgages??? Rents on average are more costly then mortgages and the real crisis!

By: Jim

Jim — Thu, 18 Aug 2022 12:55:13 +0000

Doesn’t govt benefit from higher property tax? They would be more likely to encourage property price inflation, I’d think