“Homelessness & Affordability Crisis”

Trudeau’s housing crisis will take years to solve says Freeland

Canada’s housing crisis will take years to solve: finance minister

An affordable housing crisis that is hurting the Canadian government’s popularity will take years to resolve, even if construction hits an 80-year high, Finance Minister Chrystia Freeland said on Saturday.

Her comments were among the first by a senior member of Prime Minister Justin Trudeau’s Liberal administration to acknowledge the scale of the challenge. Polls show the Liberals trailing their Conservative rivals, who blame Ottawa for high inflation and soaring home prices.

This is Trudeau’s crisis, he created it so don’t blame Canadians Freedo.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis", Canada's Corrupt Liberal Government

GST removal on rental builds won’t lower prices any time soon, experts say

The federal government’s removal of GST for rentals in Canada is a welcome step to create more housing affordability but its impact on rents likely won’t be felt any time soon, experts told Global News.

Prime Minister Justin Trudeau announced the immediate removal of the five per cent tax for those projects on Thursday. The idea was first put forward as a 2015 campaign pledge by the Liberals but it had never come into fruition until now.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis"

Landlords aren’t being paid. Tenants are feeling squeezed. And the system that’s supposed to help is broken

Raj Salwan says he is living in a financial nightmare.

Every month, he is slipping deeper and deeper into debt, covering the costs of a condo he owns that’s occupied by a tenant who isn’t paying and will not leave.

Salwan said his tenant is in arrears of over $34,000. He has had to take out a loan against his own home to cover the mounting costs of the mortgage and utilities.

It’s a mess and unfortunately a lot of good people on both sides get burned.

I would rent my place out and build out a van if I wasn’t worried about being made bankrupt by a “professional tenant.”

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis"

Sabrina Maddeaux: Liberal ‘visionary’ housing plan = young people still screwed

You read it here first: a thrilling announcement of epic proportions! An idea no Canadian newspaper has dared fathom until now. It’s entirely new; absolutely game changing. Prepare to be wowed.

Here it is: the National Post will continue to print columns on a daily basis. Our brand colour will continue to be yellow.

This is more or less the equivalent of what Prime Minister Justin Trudeau and Housing Minister Sean Fraser announced this Wednesday, just hours after Fraser teased unprecedented measures to tackle the housing crisis. That morning, he told media, “Today’s going to be the first time we’ve done something like this in Canada.”

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis", Canada's Corrupt Liberal Government

Will Justin Trudeau’s plan to end GST on new rental buildings help tenants?

Will Justin Trudeau’s plan to end GST on new rental buildings help tenants?

The federal government announced Thursday it will scrap GST on new rental buildings, a move the building industry calls a “game-changer.” But tenant advocates say it won’t make enough difference in a market where renters are often forced into expensive “shoebox condos.”

Prime Minister Justin Trudeau said he would remove the federal sales tax on the construction of new rental apartments for the next seven years, a pledge he recycled from his 2015 campaign, as his Liberal caucus retreat in London, Ont., drew to a close.

It’s not going to help tenants. They’ll see no reduction in rental rates so long as Trudeau’s mass immigration scam is going full blast preventing supply from ever coming close to meeting demand.

All it amounts to is a sweetheart deal for developers. Expect donations to the Trudeau foundation to enjoy a bump.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis", Canada's Corporate Welfare Class, Canada's Corrupt Liberal Government

Trudeau announces new measures to deal with housing, grocery prices

Faced with increasing pressure to respond to widespread concerns about the cost of living and questions about his leadership, Prime Minister Justin Trudeau announced a series of new measures Thursday meant to deal with rising housing and grocery prices.

Trudeau’s announcement came at the conclusion of a Liberal caucus meeting in London, Ont. that included what one minister called a “robust” discussion of the government’s challenges and sagging political fortunes.

Poilievre releases housing plan he says would ‘build homes, not bureaucracy’

Conservative Leader Pierre Poilievre released Thursday a housing plan he said would fast-track the construction of new homes in Canada as the country grapples with an acute shortage of affordable places to live.

Poilievre said that after eight years in government, Prime Minister Justin Trudeau and the Liberals have failed to stimulate the construction of enough homes to meet demand — a situation that has made young people increasingly disillusioned about their financial futures.

Interesting – both are getting hammered in the comments.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis", Canada

7 years not enough to build the millions of homes needed to fix affordability, warns economist

Canada has no chance of building the additional millions of homes Canada Mortgage and Housing Corp. projects would be needed to restore housing affordability over the next seven years, according to the chief economist of Desjardins Group.

Speaking at a panel on the current housing market crisis hosted by the Economic Club of Canada in Toronto on Sept. 12, Desjardins’ Jimmy Jean said it took “not seven years, not 10 years, not 15 years, but 30 years” to build the last 5.8 million homes in Canada.

This issue alone should kill Trudeau but Canada is a pretty messed up Banana republic.

I doubt his base will abandon Junior and all he needs is a good showing by the NDP to remain in power.

The “Affordability issue” may be tamped down if home owner equity is protected by the ongoing shortage. This will be especially true of eastern urban centres, traditional LPC strongholds. People vote with their wallets.

Do not expect significantly lowered immigration targets, the emerging narrative is to caution against blaming “immigrants” when a made in Canada “housing crisis” is really to blame.

The narrative implies that criticism of an extraordinarily callous mass immigration policy that stresses all of Canada’s infrastructure to the breaking point is criticism of immigrants and of course that’s racist.

In short the same old same old – Canadian citizens are labeled racist whenever they attempt to stand up for their own best interests against the UNIPARTY and their corporate cronies.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis", "Mass Immigration - Follow the money", Canada, Canada's Corporate Welfare Class, Canada's Corrupt Liberal Government, Canada's Corrupt Political Class

Canada needs 3.45 million more homes by 2030 to cut housing costs as population grows, CMHC predicts

… The 3.45 million new units across the country would be in addition to the 1.68 million that are expected to be built by 2030 if the pace of construction remains the same. That would amount to a total of 5.2-million new housing units and comes as the federal government has faced increased criticism for ramping up immigration targets without an apparent consideration for housing needs.

That ain’t gonna happen.

Canada still needs another 3.5 million housing units by 2030 on top of what it’s on track to build by that point, a new report says.

But an economist for the Canada Mortgage and Housing Corp. (CMHC), which authored the report, says this goal may not even be attainable.

Canada’s Immigration Boom May Be Ending, Permanent Resident Applications Plummet

Canada’s recent population boom seems like it’ll last forever, but reality may arrive soon. Government of Canada (GoC) data reveals a sharp drop in permanent resident applications in July. The direct impact on population growth is minor, since temporary residents drive growth. However, continuing to attract temporary residents will be difficult once they encounter the conditions turning people away.

There has been an ongoing years long decline in the number of permanent resident applicants. Trudeau’s incompetence is turning Canada into a shithole state.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis", "Mass Immigration - Follow the money", Canada's Corrupt Liberal Government

Why More Baby Boomers Are Sliding Into Homelessness

The aging of America means more old people on fixed incomes are overwhelmed by the high cost of housing and other financial shocks; ‘not seen since the Great Depression’

NAPLES, Fla.—Judy Schroeder was living a stable retirement in this affluent Florida enclave. Then her apartment building was sold to a new owner during the pandemic and she lost her part-time job working at a family-owned liquor store.

What followed was a swift descent into homelessness.

Faced with a rent increase of more than $500 a month, Schroeder, who had little savings and was living month-to-month on Social Security, moved out and started couch surfing with friends and acquaintances. She called hundreds of other landlords in Naples and southwest Florida but failed to find anything more affordable. She applied for a low-income housing voucher. She began eyeing her 2004 Pontiac Grand Am as a last resort shelter.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis"

Blame Trudeau for housing, sure – but the real fault belongs to your local mayor

The pain inflicted on many Canadians by the out-of-control housing market has escalated to new levels, as has the desire to pin the blame on someone.

At the top of that list, according to a recent Leger poll, is Prime Minister Justin Trudeau. When asked which level of government should be assigned the most blame when it comes to housing, 40 per cent of those surveyed pointed at Ottawa; 32 per cent blamed their provincial leaders; 22 per cent weren’t sure who was at fault; only 6 per cent called out their local city council.

There would be no housing shortage had Trudeau not callously opened the immigration floodgates.

The media narrative however is to gloss over the role of mass immigration in this fiasco to protect the interests of the Corporate class.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis", "Mass Immigration - Follow the money", Canada's Corporate Welfare Class, Canada's Corrupt Liberal Government, Canada's Corrupt Political Class

MORGAN: Trudeau is directly responsible for Canada’s housing crisis

Canada needs to have a serious discussion about its immigration levels and fast.

It’s a subject conservative politicians shy away from as they will inevitably be accused of racism and progressive politicians won’t discuss because it’s such an effective wedge against Conservatives.

The politics must stop and reality must set in.

Canada’s heading into a socioeconomic crisis due to immigration policies.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis", Canada's Corrupt Liberal Government

How more homeless encampments in Ontario signal a housing crisis out of control

Homeless encampments have been multiplying across Ontario since the pandemic, but experts say this visible symptom of the national housing crisis has been a long time coming.

With limited shelter space, a lack of social housing, increasing cost of home ownership and ballooning rents, more and more people are left with few options but to pitch a tent in a public space.

But how did we get here? And what can be done?

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis"

Jesse Kline: A Liberal national housing strategy is a monstrously terrible idea

In case you hadn’t heard, Canada is in the midst of a housing crisis, and by golly the federal government must do something about it! At least, that’s the prevailing opinion of the liberal chattering classes, who are demanding a national strategy to increase the supply of houses, rental units and Soviet-style co-operative housing.

For the past couple years, the Trudeau Liberals have at least been pretending to address the issue, in the typical “we’ll add a heap of regulations and throw a bunch of money at the problem so it looks like we’re taking it seriously” sort of way.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis", Canada's Corrupt Liberal Government

Poilievre and Singh more trusted on housing as Liberal minister promises new policy this fall

War Housing Ajax

After a summer spent refocusing his government on the issue of housing affordability, Prime Minister Justin Trudeau’s Liberals are still less trusted on the file than the Conservatives and the New Democrats, exclusive new polling numbers indicate.

According to a survey conducted by Nanos Research for CTV News Channel’s Power Play with Vassy Kapelos, Pierre Poilievre’s Conservatives and Jagmeet Singh’s NDP are the most trusted federal parties when it comes to addressing skyrocketing housing costs.

No one runs away with this poll which may indicate the Uniparty is held in low esteem.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis"

Affordability unlikely to return to Toronto housing market ‘anytime soon:’ Desjardins

Housing affordability is unlikely to return to Toronto anytime soon, even in the event of a recession on par with one of the worst economic downturns in the province’s history, according to a new report from Desjardins’ leading economists.

The report outlines three possible outcomes for the future of the city’s housing market, including the worst-case scenario, which looks at a “1990s-style Ontario recession” that would drive average home values down by 16 per cent by the end of next year and 30 per cent by the end of 2025.

Those declines would be in addition to the housing correction that has already pushed prices down across the GTA.

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by Blazingcatfur••0•Posted in"Homelessness & Affordability Crisis"