Comments on: Canada Is Increasing The Weight of Shelter For Inflation… It Will Lower The Numbers https://betterdwelling.com/canada-is-increasing-the-weight-of-shelter-for-inflation-it-will-lower-the-numbers/ Canada’s Fastest Growing Real Estate News Source Tue, 27 Jul 2021 18:36:03 +0000 hourly 1 By: Scott Mc https://betterdwelling.com/canada-is-increasing-the-weight-of-shelter-for-inflation-it-will-lower-the-numbers/#comment-73777 Tue, 27 Jul 2021 18:36:03 +0000 https://betterdwelling.com/?p=17542#comment-73777 Smart move, the Quebec market has not moved as much as the rest, making it a large part of cost of living will enable even larger transfer payments as the only market in Canada going up will need money to help with these new costs
Likely include rent too, as the common $800 a month rent for 3 bedrooms in a decent part of Montreal, walk to the subway are also becoming hard to find…

]]> By: sn https://betterdwelling.com/canada-is-increasing-the-weight-of-shelter-for-inflation-it-will-lower-the-numbers/#comment-73748 Mon, 26 Jul 2021 17:51:58 +0000 https://betterdwelling.com/?p=17542#comment-73748 You’re right on the money here. I would add employment numbers would never improve because Canadian employers do not pay enough and do not intend to increase wages, for a middle-class lifestyle.

I’m surprised Stephen wrote that more people would need a second job; it is more like more people would need a third side gig. The regular 9-5, the Uber eats delivery, the second/third tenant in the house, or maybe construction for those inclined. At some point people (and new immigrants) would realize that they’re not getting ahead in life, and life on welfare with cash gigs on the side would be better than slaving away for a Canadian employer. In turn putting more pressure on the “middle class”.

Stay tuned for the media to continue its tune of “look how many jobs are going unfilled” and “Canadians need to drop their expectations”.

]]> By: sn https://betterdwelling.com/canada-is-increasing-the-weight-of-shelter-for-inflation-it-will-lower-the-numbers/#comment-73746 Mon, 26 Jul 2021 17:50:31 +0000 https://betterdwelling.com/?p=17542#comment-73746 In reply to Ksnn.

You’re right on the money here. I would add employment numbers would never improve because Canadian employers do not pay enough and do not intend to increase wages, for a middle-class lifestyle.

I’m surprised Stephen wrote that more people would need a second job; it is more like more people would need a third side gig. The regular 9-5, the Uber eats delivery, the second/third tenant in the house, or maybe construction for those inclined. At some point people (and new immigrants) would realize that they’re not getting ahead in life, and life on welfare with cash gigs on the side would be better than slaving away for a Canadian employer.

Stay tuned for the media to continue its tune of “look how many jobs are going unfilled” and “Canadians need to drop their expectations”.

]]> By: V https://betterdwelling.com/canada-is-increasing-the-weight-of-shelter-for-inflation-it-will-lower-the-numbers/#comment-73714 Sat, 24 Jul 2021 21:20:38 +0000 https://betterdwelling.com/?p=17542#comment-73714 I agree with EX, houses are not worth what there selling for. Just a year ago I was getting quotes to build and for a regular house it was 150 to 250 per sq ft. Luxury build was 300 per sq.ft.
1500 sq. Ft home should NOT be 600k to 900k. Completely absurd!

]]> By: ex https://betterdwelling.com/canada-is-increasing-the-weight-of-shelter-for-inflation-it-will-lower-the-numbers/#comment-73701 Sat, 24 Jul 2021 13:21:02 +0000 https://betterdwelling.com/?p=17542#comment-73701 In reply to Ksnn.

The real trues is, Canada is going to follow US Feds. US Feds are going to increase interests rates.
Its to bad that prices for simple house in the middle of nowhere are so high in Canada. I feel sorry for young people and working class in Canada.

]]> By: DDD https://betterdwelling.com/canada-is-increasing-the-weight-of-shelter-for-inflation-it-will-lower-the-numbers/#comment-73695 Sat, 24 Jul 2021 04:49:31 +0000 https://betterdwelling.com/?p=17542#comment-73695 In reply to Ksnn.

if US Feds are going to increase interest and more likely they will, Canadian banks have no options.

]]> By: D https://betterdwelling.com/canada-is-increasing-the-weight-of-shelter-for-inflation-it-will-lower-the-numbers/#comment-73694 Sat, 24 Jul 2021 04:44:48 +0000 https://betterdwelling.com/?p=17542#comment-73694 In reply to Ksnn.

Better to have everything crash now so we can build back better ™.

]]> By: Ksnn https://betterdwelling.com/canada-is-increasing-the-weight-of-shelter-for-inflation-it-will-lower-the-numbers/#comment-73692 Sat, 24 Jul 2021 01:38:23 +0000 https://betterdwelling.com/?p=17542#comment-73692 The truth is inflation will not force centeral banks to increase interest like many would hope. The centeral banks stated mission is to control inflation, its actual mission is to maintain the system. Which means no interest rate increase until employment numbers improve.

]]> By: Conor https://betterdwelling.com/canada-is-increasing-the-weight-of-shelter-for-inflation-it-will-lower-the-numbers/#comment-73688 Fri, 23 Jul 2021 21:57:41 +0000 https://betterdwelling.com/?p=17542#comment-73688 Isn’t it a good thing if mortgage interest costs have a lower impact on the basket once rates start to climb? This means that the BOC can’t turn around and lower rates again to aid homeowners, because the mortgage interest costs are less than they would be under the old rules.

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