Data from Point2Homes reveals that renters in 36 of Canada's 50 largest cities earn 60 per cent less than the minimum required income needed to buy a starter home.
FTA: The unaffordable cities:
1- Richmond Hill, ON
2- Oakville, ON
3- Markham, ON
4- Vaughan, ON
5- Richmond, BC
6- Vancouver, BC
7- Toronto, ON
8- Milton, ON
9- Whitby, ON
10- Coquitlam, BC
11- Burlington, ON
12- Brampton, ON
13- Mississauga, ON
14- Burnaby, BC
15- Ajax, ON
16- Surrey, BC
17- Langley, BC
18- Oshawa, ON
19- Saanich, BC
20- Kelowna, BC
21- Abbotsford, BC
22- Guelph, ON
23- Hamilton, ON
24- Waterloo, ON
25- Cambridge, ON
26- Barrie, ON
27- Kitchener, ON
28- Ottawa, ON
29- London, ON
30- St. Catharines, ON
31- Montreal, QC
32- Windsor, ON
33- Kingston, ON
34- Halifax, NS
35- Greater Sudbury, ON
36- Longueuil, QC
And the affordable cities:
1- Edmonton, AB
2- St. John’s, NL
3- Regina, SK
4- Saguenay, QC
5- Trois-Rivières, QC
6- Quebec City, QC
7- Lévis, QC
8- Winnipeg, MB
9- Saskatoon, SK
10- Gatineau, QC
11- Calgary, AB
12- Sherbrook, QC
13- Terrebonne, QC
14- Laval, QC
It’s not even just housing but most public services too.
It’s already hard to get an appointment with a doctor, registering a car has been next to impossible around here lately, although the latter is more incompetencethan anything.
Immigration in itself is fine, but I feel we sell a pipe dream to immigrants lately.
I feel for the younger generation and I’d be glad for this bubble to burst even though I stand to “lose”.
My house has almost doubled in value in the past 7-8 years, and I’m in an “affordable” city.
Only managed to get into the market through sheer luck in timing.
I say lose, eh, loosely, because I don’t intend to ever sell this old house anyway, so its market value is mostly irrelevant.
Having a place to call home is a basic human need and people trying to make a life here deserve better.
We got realtors banging on our door all the time, “your house has increased by x amount.” Judging by two sales on my street this week, one that didn’t even get to a sign getting stuck in the lawn, and the other a bidding war I’m hearing, I’ve probably gained a couple hundred thou. Especially considering I’ve made a bunch of improvements. But it’s like I told my wife, we just would be overpaying for the next place, and I don’t understand how anyone likes moving, because I sure as shit don’t get off on it. Nope, our house is big enough, nice enough, and has the bones to build upon as we go should we feel the need, I just couldn’t be fucking bothered. They are ripping me out by my fingernails for the nursing home, way I see it.
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It’s not even just housing but most public services too.
It’s already hard to get an appointment with a doctor, registering a car has been next to impossible around here lately, although the latter is more incompetencethan anything.
Immigration in itself is fine, but I feel we sell a pipe dream to immigrants lately.
I feel for the younger generation and I’d be glad for this bubble to burst even though I stand to “lose”.
My house has almost doubled in value in the past 7-8 years, and I’m in an “affordable” city.
Only managed to get into the market through sheer luck in timing.
I say lose, eh, loosely, because I don’t intend to ever sell this old house anyway, so its market value is mostly irrelevant.
Having a place to call home is a basic human need and people trying to make a life here deserve better.
We got realtors banging on our door all the time, “your house has increased by x amount.” Judging by two sales on my street this week, one that didn’t even get to a sign getting stuck in the lawn, and the other a bidding war I’m hearing, I’ve probably gained a couple hundred thou. Especially considering I’ve made a bunch of improvements. But it’s like I told my wife, we just would be overpaying for the next place, and I don’t understand how anyone likes moving, because I sure as shit don’t get off on it. Nope, our house is big enough, nice enough, and has the bones to build upon as we go should we feel the need, I just couldn’t be fucking bothered. They are ripping me out by my fingernails for the nursing home, way I see it.