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Vancouver real-estate is essentially a money laundering operation for rich foreigners looking to stash their money somewhere. Protections were put in place a little to late back in 2016 with the foreign buyers tax. But honestly most of these foreigners can either be exempt from this tax with their citizenship loop hole (anchor baby) Or honestly they just pay the fine since they can afford it and just need to get their money out of the country they are coming from. Its quite dystopian because building more homes like the government keeps promising isn't going to solve the problem either. This is because its just going to add more to the volume of housing that the foreigners can buy up from the locals and adding more fuel to the problem. Immigrations Canada is lying to new comers. To top it off, BC just recently passed a law in 2024 where you can no longer build single family residences in the lower mainland area. WHERE are the families going to go then? Can anyone even afford a family anymore? Vancouverites like myself who were diligent and saved every penny are walking away from mortgages in droves because who wants to lock into a 30 year term amortization period where at rate plus prime your looking at 5.5%-7% where the bank makes more than double in interest from you. Over the course of 30 years you still lose because even if your property appreciates past double. Capital Gains will take into effect. Your loosing money no matter what! It truly is a nightmare designed to enslave you financially. This is simply wealth creation suicide. Came from immigrant parents in the 1990s, I slaved for 10 years during my twenties, didn't come from wealth, didn't party, didn't have fun, studied hard, and started a business and I still cant break into the Vancouver market. So I ended up just barely squeaking into the market in Abbotsford. Vancouverites as a whole are screwed. Time to pack up and move to Alberta I suppose. I will also preface by saying that most of BC is empty and that it would make sense to built outside of the Vancouver area as Vancouver has now basically become fiscally unlivable. It might make sense for the next government that come into power to decide to invest in building in other towns and cities around BC to incentivize Canadians to move.

We used to build public housing ... it can be done again if govt. is serious about the issue.

I always said that. There is an economic incentive for homeowners to have the housing prices go up. This is why i think polivier will have a tough battle. Its important to maintain the strength of the doller. Im in the construction industry so i will benefit from building more homes. Currently not homeowner so my financial incentive differs

In 1970 France was building apartments for the immigrants where l grow up .\nIn Canada there are no government housing projects for its Citizens or immigrants . Just the taxe ,maintenance fees ,Hydro are already around $1000 for a condo of 600sqf

It's not only prices why many are leaving, it's the way most houses are build. They are too crammed. They need to space some of the houses out a little. Trying to get potential buyers to sign up showing them pictures before building and, later surprise them will only go so far, so long.

We’re not building a new Calgary every year but importing more people than the states. Yet they scream that immigration has nothing to do with housing prices and you’re racist if you point out supply and demand.

Part of what's really making Canadians dislike immigration is the total disconnect between what they see, (low wage workers, protesting, cheating the system, large numbers of newcomers getting disability & using food banks) and what the government keeps telling us-- which is that they add to Canada because there's doctors and they'll be building houses.\n\nAll of our systems are going to collapse, because we keep bringing in people who take from them but never add.

1. open up 10% of crown land to development 2. reduce immigration to 90s levels and focus on doctors and nurses 3. ban foreign investment into Canada's housing market 4. relax regulations and red tape around house building 5. force property corporations and individuals into selling off anything more then 10 houses. \n\nits not like there are not solutions to this mess its that Canadians are apathetic and passive so there is no pressure on politicians to enact measures like these that would fix things in 1 year not 30. either way I am out of here for the US already looking at places cause I have no faith that people here will wake up and demand change.

Immigrants are not the problem.\nCanada is made up of immigrants. They contribute financially and morally to Canadian society. It's the overload of refugees that is taxing every aspect of Cannada , from taxpayers' dollars to housing to school overload to government budgets.... Refugees are straining the system because they contribute and bring little to no value to the economy. On the other hand , immigrants pay every step of the way and have to have something solid to contribute to Canada.... which they do always.....they never get anything free......they work hard and build Canada's economy......this video is so\nBiased!

I'm an immigrant myself but I don't have pleasant experience with people from India all my 10 years living in Canada. I rent a place where the house next door is owned by a middle-aged Indian woman. She rejected to split the cost when my landlord suggested building a fence between our place and hers, because one time her one tenant almost run over my landlord when backing up her car. Recently the Indian lady rent her house to 15 plus other Indian people who litter their garbage all around her house and honk their cars at night, literally making the atmosphere much alike those slum videos of India I've seen in the past on YouTube. \n​I've talked to a few of them about the noise, they promised me it wouldn't happen again but they never kept their promises. I have no clue how to communicate with these people anymore, I might as well look for a new place to live.

Why don't we build f'''ing houses and apartments faster than we haul in new heads. It's criminal, and it's NOT AN\nACCIDENTAL OVERSIGHT !!! It's not an accident ! It's designed with malice of foresight. A one bedroom apartment in my building now costs over $2,000/mo.\nI'm locked in at $1,500/mo for a 3 bedroom since April 2016. How can people afford to live anymore. I don't dare move to another apartment, or my rent would instantly go up over $500 a month.\nAarre Peltomaa of Mississauga, Ontario

I am Canadian and I work in an area with a lot of foreign student labour. This is an accurate summary of the situation. I have some college education, and I noticed many Indian students are going to private colleges a distance away. I believe the colleges aren't properly vetting these students in order to allow more in and collect more money from them. International students pay more to go to school in Canada. These young people unfamiliar with a western education system don't understand things aren't being done properly, but the bad reputation of these schools gets around and these students credentials are worthless. It's sad considering families frequently go into debt to send their kids to Canada. Mass Immigration is ruining housing in Canada because not enough building happend to house the sudden population increase. Canadians access to services such as health care is hindered by the population iincrease. Something as simple as the common language spoken in the country has changed. It is true if the goverment changes the people in the country the goverment has changed the country.

Land value tax people, build more housing and break up all the corporate cartels.

It's easy to blame immigration for all of Canadas problems. Sure there are a lot of Indian immigrants, however, they go to work, not bleed the system dry. Canada is a huge country, there should not be a housing crisis. However, some want to raise the prices of real estate through gentrification, stopping new housing projects. Taking years to erect a single building? What about the job scene? There is a monopoly in every field in Canada so no competition. Dingo needs to do more research.

Says the guy who is bringing too many immigrants as it is and plans to bring more, as well as introducing measures that make it impossible to build a house affordably What a snake.

its nothing to do with racism they are coming here and changing everything. theres literally nowhere to rent in my city anymore that you dont have to share a room with 2-4 other brown people just because they all want cheap rent they dont care about personal space. every posting for rentable places is owned by indians now when only 5 years ago i could rent a full house now i can only rent a shared room with 3 indian guys. makes no sense how they can come here with their money and buy everything without the first citizens able to get first pick. the liberals are trying to bring india here just in time when they have to give back everything to the native people. they will try to get the original people to leave and then once enough people are gone they will just genocide the immagrants and have an entire country to themselves. they have already started building the walls in secret youll see soon there will be programs made to help grow other countries economy by offering whole packages to live other countries.

Canada doesn't have cheap workers to build houses.

I’m a 68 yr old female Senior (caregiver) living in my car because my only option after a 3 yr wait was BC Housing near the DTES … these are SLUMS that we are supposed to be Thankful for … most of these buildings answer to no one because they get their funding from a number of sources … the STAFF are allowed to treat the Residents anyway they like, with No Conscience… if Canada can’t supply decent housing to their Citizens then they should STOP IMMIGRATION… most new immigrants are treated better financially then the citizens who live here …. The building I lived in is called PENDERA at Pender St. & Beatty Street in Vancouver… it ALL looks good from the outside so people really want to move in …. That’s when the trouble starts … I lived in a RAT INFESTED APARTMENT FOR 6 yrs!!!

Small affordable apartments, studios, 2 and 3 bedrooms need to be built in the major cities like Toronto, Vancouver, Montreal….not houses…because on the same land a house is built there could be a building …and take universities accountable for the students they take money from by having enough students rooms to shelter them because now they are in regular apartments in colocation…

The problem is you can eventually build houses...but the jobs remain saturated in handful of pockets so thats another issue.

@4:20. You should either support this immigrant hypothesis with more information or you should cut it out of your video. Canada is one of the least densely populated major countries and the problem for your housing prices is less than 1M immigrants over the past 2years? And you're going to lead your causes of this problem with that? Give me a break.\nSpend more time on WHY building new houses is not profitable enough and is disincentivized. Talk about how incentivizing home ownership as a wealth building vehicle turned into a bubble and a ponzi scheme as those housing investments outpaced other investments. You know who can still afford to buy up houses, hold them, and prevent the market from deflating? Corporations. Shifting taxes that hurt poor people (like income and sales taxes) onto land value taxes would stop most of this. It would become expensive to sit on vacant investment houses and corporations and landlords would be forced to sell them.

We need more immigrants here. Places are closing due to labour shortage. Unfortunately we cannot house them at this moment. Slow immigration temporarily while we build housing. Shameful we invite good people here and make them sleep in streets. We need smart immigration.

Instead of blaming these people, one must question their own government authorities who make the rules and legislation to facilitate this. Maybe it's just the truth of a desperate Canadian economy that needs immigrants to keep fueling the 'aging' Canadian economic engine. These people come in and work hard, odd jobs (not to mention the exceptional skilled ones as well like Doctors, health care workers etc.) which the regular Canadian wouldn't do. I've been in Canada for 2 years without a Family doctor. Thank God, the last 10 different Doctors I met were all fresh immigrants and came to my rescue. Ask your conscience, without these immigrants, you wouldn't be getting your late night coffee at the time Hortons drive thru, no one to take your blood works without you waiting several months in waiting, no ways for universities to subsidize tuition fees for the poorer Canadian students. If immigrants stop coming in, the nice detached home you live in will go down in value, the nice truck you drive will become more expensive, your kids University tuition fees will sky rocket, Canadian companies selling groceries, furniture, etc. Will have lesser revenue and eventually get eaten up be American giants, Canadian companies won't have cheap labour to build those much needed housing. \nNot only question your government, but also question your 'own' people.. Where are they to serve you? Where are the so called patriotic 'original' Canadian Doctors'? They are off to US to earn more money. U think they care enough for their home country?\n If Canada won't, somebody Else will accept these people. Hence get rid of ur ego and attitude, it's YOU that needs immigrants more than they need you ?? \nLastly, don't forget your ancestors too arrived here in ship loads from Europe as immigrants, taking away the land belonging to the native Indians who were slaughtered and today live as prisoners in reservation lands... on their own soil. So please stop this hypocritical bullsh$@. Maybe it's that karma that's catching up?

OK, there is NOTHING any politician can do about the real estate market. The people who can don't want to ... there is too much money being made. Billions and billions are pouring in from outside of Canada as the rich look for safe havens to squirrel their money away. Realtors make tons of money satisfying the highest bidder. Banks have an endless stream of mortgage revenue and investors earn returns on their money. Now, if you vote in communists, I say that without prejudice, they could freeze rents, build low-rent apartment buildings, freeze interest rates, limit gains on the resale of residential housing, block foreign ownership on and on. The last people to have any interest in fixing this will be any party on the right.

I’ll migrate a build house for you guy am from the Caribbean

And what does pp say, build more houses. What a sickening creep.

Giving the government the benefit of the doubt, maybe this is their strategy to increase cheap labour in the country since the skilled workers program does not provide construction workers badly needed in the country to build houses

these universities want more students and there isn't enough space. Why don't they build big dorm areas that would house these students?

3:23 Toronto average 1 bedroom is not $3000/m - this is a controlled demolition, all done to the west by design with the waves of immigration, their controllers want them to setup this dire situation, that people will beg the government to solve their problems. Then your rights can be removed and you’ll accept their version of an NWO. The tavistoks are more clever than us.\nMy advice to young Canadians. Move out of province, buy a cheaper house or buy land and build your own. Start your own enterprise and work remotely. Or just move out of Canada to some of Nomad Capitalist’s or Joel Skousen’s suggested countries.

Canada is cold. Migrants are given housing but not Canadian citizens. They would have to build a house a minute to correct this.

So, flood the Country with 'unskilled' immigrants, give them free housing and handouts? while taxing and slashing the Family that has been building this Nation up for Generations.

Well blaming the federal government over the housing? Really that falls under provincial jurisdiction. In Ontario the building code was changed and new developments have less affordable houses built. Inflation started when Russia invaded Ukraine not just here, Europe as well as Australia \nSorry when you have primers of provinces fighting about money they want to provide for housing.. the federal government bypassed Ontario to work directly with municipal government. \nSorry air Canada and west jet and grocery stores all had little competition since before his election

lol\n\nIn area, Canada is the second biggest country in the world but unfortunately it is managed as a small country like Monaco, Andorra or the Vatican. \nThe housing issues we see in Vancouver and GTA is caused by the lack of high-speed trains like we see in Tokyo, Seoul and many Chinese or European cities, where lots of people can live 300Km away from their jobs. \nThe government need to build in Canada these urban high-speed train lines: \n- Vancouver island-Kamloops-Calgary-Edmonton \n- Quebec city-Montreal-Ottawa-Toronto-Windsor \n \nThese two high speed train lines will serve more than 70% of population in Canada, allow them to live hundred of kilometers away form their jobs, buying houses where land price are cheaper. \n \nThe second factor that makes Canadians houses not affordable is manpower price, and that can be easily with temporary working visas like we see in the agricultural sector, but this is not easy to do because the unions in Canada are strong, and will force electricians, plumbers, drywallers, etc. of years of training and certifications, when in other developed countries a professional engineer signatures to certify the construction is the only thing that is needed. \nIn lots of Europeans countries, professional engineers train their trades apprentices to build houses, and sign and become responsible for the quality and safety of the construction. \nMunicipalities also employ professional engineers that visit work sites to check if all construction rules are being followed. \n \nCanada cannot implement this plan because that will bring ruin to the Ponzi scheme we see in the housing market, causing million of mortgages payers going under water, and multiple banks to collapse like we saw in USA and Europe during the 2008 Great Recession. \n \nThe only solution for this situation is a communist regime implemented by the NDP, replicating the quiet revolution that started in Quebec last century (1960).

In area, Canada is the second biggest country in the world but unfortunately it is managed as a small country like Monaco, Andorra or the Vatican.\nThe housing issues we see in Vancouver and GTA is caused by the lack of high-speed trains like we see in Tokyo, Seoul and many Chinese or European cities, where lots of people can live 300Km away from their jobs.\nThe government need to build in Canada these urban high-speed train lines:\n- Vancouver island-Kamloops-Calgary-Edmonton\n- Quebec city-Montreal-Ottawa-Toronto-Windsor\n\nThese two high speed train lines will serve more than 70% of population in Canada, allow them to live hundred of kilometers away form their jobs, buying houses where land price are cheaper.\n\nThe second factor that makes Canadians houses not affordable is manpower price, and that can be easily with temporary working visas like we see in the agricultural sector, but this is not easy to do because the unions in Canada are strong, and will force electricians, plumbers, drywallers, etc. of years of training and certifications, when in other developed countries a professional engineer signatures to certify the construction is the only thing that is needed.\nIn lots of Europeans countries, professional engineers train their trades apprentices to build houses, and sign and become responsible for the quality and safety of the construction.\nMunicipalities also employ professional engineers that visit work sites to check if all construction rules are being followed.\n\nCanada cannot implement this plan because that will bring ruin to the Ponzi scheme we see in the housing market, causing million of mortgages payers going under water, and multiple banks to collapse like we saw in USA and Europe during the 2008 Great Recession.\n\nThe only solution for this situation is a communist regime implemented by the NDP, replicating the quiet revolution that started in Quebec last century (1960).

Stop the blame game , shame on you blaming immigrants and foreign home owners these are a tiny proportion of the population and homes . Real estate agents are the biggest culprits in the rise of prices. I’ve been there several times as telling me my house is worth hundreds of thousands more or we can say exaggerated by 30% or more then my house is on the market for a year which is nota big deal for an agent they have 40 other listings and access to more moneymakers , I’ve sold my last 2 homes personally within days or weeks which were reasonably priced not overpriced this made everyone happy . Building a home is never a problem buy the land get proper permits and select a quality builder I’ve had steady employment and certainly not rich blue collar salary and never have been refused for a mortgage so if you want to build it’s always available , if you qualify for a mortgage.\nAs for your immigration babble do you like to eat food if the answer is yes you should appreciate immigrants, do you like the care you get in hospitals thanks again to immigrant nurses caregivers therapists, how about the next time you stay at a hotel/resort thank immigrants for cooking and cleaning , \nSure stuff costs more you can put some blame on lifetime pensions for politicians and senators for a few years work , over the top spending on government trips , the Governor General expense on wardrobe, minister of whatever buying new boots or shoes to make an announcement total abuse of taxpayer $ , government projects which get cancelled for who knows why and many projects which are unnecessary which are beneficial only to family and friends giving their private businesses contracts , same old guys club new blood is required with new ideas and purpose . \nCanada is expensive I’ll agree but still top 10 to reside in the world if you like life and freedom , eating regularly, lights on , water from your tap, getting to your job on real roads , getting an abortion , not expecting a hospital bill when you arrive home from heart surgery, the list goes on , whiners are are whiners the rest are makers and make our lives better .as for other post saying things are so much cheaper in the states , I don’t pay 10$ for a carton of eggs this happened last year in Arizona state the facts ,

This is plain and simple. There are not enough places for rent. For both Canadians and a never ending population growth from outside canada that outpaces building. \nIn three months they cannot and will never be enough places built for rent to justify bringing over 430 000 people.\nSo based on that alone those newcomers will be taking a place for rent away from a Canadian citizen. It's not racism, it's not discrimination. It's fact.\nCanadian citizens or any citizen of any country should not have to struggle to find a place to live and be able to afford a place to live because the governemt increases the population from outside faster than they can build. It's irresponsible, selfish, and outright wrong.\nIts not the politicians who are suffering or the businesses who will never make enough profit(look at the grocery sector.) it is the people within Canada.\nI am not against immigration. I am against the amount until infrastructure can keep up with the influx of new people. And even then it cannot be a one for one. It should be at least 2 to 1 and new growth. Anything more than that and the cost of housing will outpace inflation.\nPlus senior citizens(who helped build this country) , veterans, people on disability, and mental health/addicts recovering, deserve the increased financial help instead of the money that is sent to other countries..

Most Canadians save up through their lives for 30 years to afford a house. Why do they need to own a large house as soon as they get a paid plane trip here. I grew up in apartments buildings (not a condo but rented apartment) then a town house - now I own a house. When an apartment opening comes up and a born here Canadian does need it- then bring in someone applying and they should be fluent in English and already have a needed skill to contribute to society. We are all \nbroke from paying for all these new ppl that don’t respect the country that our ancestors build with sweat and labour

Who are they building houses for in Canada? Certainly not for Canadians...surely these poor struggling migrants cannot afford the homes, or can they?!

Our housing crisis is caused by the governments of Canada\n 1st they started obstructing the building of new houses with these massive years long processes to get the permits\n Some cases 5 to7 years\n The development permit to build a development cost more than it does to build the buildings.\n At the same time they have been bringing in a million people a year.\nWhile this government and all of the other governments for the last 40 years have obstructed industry from getting permits to build anything.\n The middle class is all but gone in Canada and no sign of it to return because you can't do anything you're not allowed to do anything.\nCanada historically had no real homeless population and had the strongest middle class today we have near 500,000 homeless.\nOr you could say about 3% of the population.

Theres zero houses build only ugly apartment blocks that no one want and they give free apartments to illegals . We are at war and people dont see it

We cared so much about their suffering and wanted to help. We couldnt end the war in their countries so we offered them a safe place to share in our home (country) so they could build a life and live in peace. But just like when you feed a wild animal once they take it for granted and become aggressive when you cant give more. If you need shelter from war and someone offers you a safe place in their house or country its extremely selfish and bad manners to then keep going on about the war in the house or country that was offered to you in good wiil with only good intentions.

Universities should increase International tuition by at least 400%. \nThen use that money to expand their own student housing, not put it on the Provinces to build for more of these students. \nIts not fair to Canadians. The Universities need to step up and if that means they jack up the tuition, then absolutely they should. \nThis is not fair to Canadians.

Him being deported or not doesn't matter, the rules and regulations that allow such inexperienced drivers drive these huge dangerous rigs is a huge problem. I get that the economy suffers from a job shortage in the truck driving sector, but this is NOT the way. It's sad to see so many people jump to race or immigration to try to explain their frustration with our current issues in Canada. We are doing this, Canada is importing immigrants for our economic benefit. We Canadians are all NIMBY and making it hard to build the housing we need, wanting our houses to increase in value indefinitively, not wanting the less comfortable jobs like truck driving, yet letting corporations profit by putting woefully inadequate truck drivers on the road. Immigrants CAN be problematic, but in Canada we are creating our own problem.

Both federal and provincial governments are complicit regarding the housing shortage. They knew WELL in advance that accepting too many immigrants, and not building a matching number of dwellings for them would cause housing shortages and push up prices greatly. They also knew WELL in advance that higher housing costs would destroy discretionary income and push living standards down for the working class. There's no surprises here. If they say otherwise, know for certain they're lying.\n\nCanada's economy is suffering because too much income must be allocated for housing, leaving far less for everything else. The result is increased unemployment, which will only get worse as more and more mortgages are renewed at high interest rates.\n\nBottom line: Canada is being converted into a two tier society. Those few that have abundance, and the many who have little.

I found people who blame immigration for this , ridiculous at best ! What caused this , has been decades in the making well before Trudeau and it’s government. \nBoth parties are responsible for this . \n\nThe wages have stalled for decades while everything else has gone up . Look at the minimum wedges in Australia and NZ comparing to their cost of life ? You have the same rental and real estate prices for double the salaries . \n\nLetting foreign interest buy out land and properties trough bidding wars to the point of kicking out Canadians of the market caused this . Prioritising the construction of luxury condos instead of building more affordable houses caused this . \n\nBut please keep blaming immigrants who work their ass off in jobs that most of you refuse to do , instead of blaming the lack of all of the successive governments to address an issue they knew was going to hit us in the face one day .

Deport my god what happened to Canada. These people only associate with their own and block us out. Come on really housing has gone un afordable. You can find many family's under one roof. Housing is not reachable for young Canadian family's who want a back yard. Housing that was $15,000 or so is $500,000 up to un reachable a crap tear down I seen was $535,000. And you need to build a new house. That use to be around $60,000 to $120,000. Canadian family's don't have a chance to have normal priced housing any more because of over immigrants. City's are huge and depressing. Bring Canada back and deport so we can live

So if you wanted immegrants to build houses and work in your broken health care system why canadian government issued visas to international students in other categories? Reality is international students are cash cows and canada generates 22.3$ billion dollars every year

ADVICES to some students: Do not come to Canada!! Why come here??? It is free to study in France and Germany anyway so why waste your money in Canada or Australia!!! Save your money and invest it in your homeland to start a business or buy a land or build a house!!! Don’t do like some North Americans who spend thousands in student loans and spend 15 years to repay them!!! Canada is NIT a as attractive as it was anymore anyway due to lack of job opportunities, crappy healthcare, crappy transportation (compared to France where I come from), and impossible rents!!! Just save your money and may be start learning German and/or French so that you got alternatives!!!!

I live in a residential area in midtown Toronto. For some unknown reason, Fleming College decided to open 2 different offices next to houses, an apartment and a condo building. 100% of the students are Indian. What can I say...they have ZERO respect for the neighbour's. They have more breaks than actual class time and when they are outside they yell loudly (while standing beside each other), non-stop hysterical laughing, smoke in front of the 'no smoking' sign at the adjacent convenience store, block the handicapped ramp, block the sidewalk and blast music from their cars. This is from 9:00 am to 9:00 pm, Mon-Sat. Rude, disrespectful and a downright nuisance to a once quiet area.

So the host thinks it's okay for them to stay if they work in the home building trade? If a bunch of migrants build one house how many houses do those migrants require while doing it? My guess is more than one, so how would it help the housing shortage?