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Affordable Housing is a Human right, Right?

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Tenants to Buy Instead of Renting

The National Government and Ontario’s Ford Administration have made efforts to promote building starts in Canada. They are attempting to cut the red tape and regulation of their own governments upon the developers who seem to be responsible for building more houses. Well, that is a good start, but these political moves only assist those who can afford million-dollar homes. These politicians are helping their friends in the Real Estate and Development sectors only, as well as the well-off who can afford the costly homes we presently have to choose from. Limiting Foreign Corporations and individuals to buy existing and future homes only helps those who have the funds to invest in these costly homes.

Developers will continue to build costly homes. Let me rephrase that. Developers will continue to price new homes at highly costly prices because they can. That’s what they are in business for, to make profits. The Real Estate Sector and those who presently own homes will also continue to escalate home prices.
That is a given. Passive Investors care only about the profits they will make, and not about Ontarians’ or Canadian’s ability to afford that which many are competing for, a home to live in.

Homebuyers, and more importantly potential renters of apartment-style homes are unimportant casualties of the present-day buying frenzy. On the right side, we find those who sell and build who have no intention of creating affordable housing. On the left side are those with no imagination or know-how to assist those in the middle, those looking for a place to live. Canadians have had thousands of Syrian refugee’s coming into Canada. and in the near future, thousands of Ukrainian refugees will be added to the competition for home locations, and home acquisition. Where are these people going to live?

Canada’s economic system, in relation to the real estate and development sector, is in need of drastic changes. A more selfish group you cannot find anywhere in Canada. The system they have created has caused the ballooning of housing potentials in all of Canada’s larger cities. They drive up prices and their commissions too and also build mass housing that will be overpriced to meet the market prices they have set. No real help from this sector can be found.

The Government wants to use this sector to fulfill its pledges to create affordable housing, but every time they are hoodwinked by the sector. Apartment Buildings in Canada are rarely found. The very way we view housing needs to be changed. In Europe, Asia and most of the world renting an apartment is commonly done, and has no social stigma attached to it, while in Canada the “Canadian and American Dream” of homeownership is still promoted by the developers/real estate sectors and our governments.

The various governments of Canada have ownership of land being unused. Build apartment buildings that will stand the challenges of time and rent these out to people as starter homes, permanent homes, but not investments. A two-bedroom apartment should not go for more than a thousand dollars a month. Fill our empty fields with well-made apartment buildings owned by municipal or provincial governments.
End the dictatorship over housing starts, controlled not by the people, but by groups and corporations of the real estate and developers Cabal/Cartel. Yes, this Cartel is limiting every one of us from finding a place to live. They buy up scarce land all over the place and leave this land undeveloped. A falsely created scarcity of housing is developed, driving up prices across our nation. Price fixing is a crime, yet this group of business people are allowed to do the same thing. The Government is also accountable for allowing this catastrophe to occur. Governments find revenue they charge off of these costly housing starts addictive in nature.

Canadians need to look into the relationship that is found between the real estate/developers sector and our various governments. Should there be any shenanigans found, it would explain why Canadians cannot find affordable or accessible housing. End the Housing Cartel’s reach into your pockets, as well as those of our elected officials. Do Developers and Real Estate Giants donate to politicians? OH YAH.
In Ontario, we have Hwy 413, where the developers are committing highway robbery. Yeah their making a bundle, and their friends of the Conservatives presently. In Regina this February, the mayoral candidates received large donations from the developers of the region. In 2016 it was Land Developers who helped raise $12.9 Million to the Ontario Conservative Party. The Ontario Liberals of the past were also well known to accept donations from these sectors.

What to do about Canada’s Housing Portfolio?
1. Governments need to become directly involved in the financing and building of affordable homes, apartment buildings and large housing unit structures across the nation.
2. The influence of the real estate and developers sector must be ended. Appropriate taxation of these sectors must be applied. Unused land must be taxed, raising needed revenue and inspiring the industry to build for the future.
3. End financial donations directed to political parties by this real estate and developers sector. Greasing the politician’s hands must end.
4. Imaginative and affordable housing styles must be developed and introduced in Canada.

example: In Woodbridge, Ontario there is a firm that develops, builds and sells globally builds Portable winterized Homes, easily assembled and long-lasting. Why not in Canada.
5. Our expectations of a home must change. North American society is a Privileged Society. Young people want what their parents were able to acquire in time. An approach rooted in need is required here. Massive residential houses are for the rich. Durable livable spaces are what’s required.

The Government has spent massive amounts of revenue trying to grow the economy, most of this revenue borrowed. Building affordable housing starts in whatever style is needed seems the appropriate plan for the future. Every lifestyle and income needs to be considered. Housing is a human right! Right?

Steven Kaszab
Bradford, Ontario
skaszab@yahoo.ca

Real eState

Greater Toronto home sales jump in October after Bank of Canada rate cuts: board

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TORONTO – The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.

The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent compared with 4,611 in the same month last year. Sales were up 14 per cent from September on a seasonally adjusted basis.

The average selling price was up 1.1 per cent compared with a year earlier at $1,135,215. The composite benchmark price, meant to represent the typical home, was down 3.3 per cent year-over-year.

“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” said TRREB president Jennifer Pearce in a news release.

“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices prompted this improvement in market activity.”

The Bank of Canada has slashed its key interest rate four times since June, including a half-percentage point cut on Oct. 23. The rate now stands at 3.75 per cent, down from the high of five per cent that deterred many would-be buyers from the housing market.

New listings last month totalled 15,328, up 4.3 per cent from a year earlier.

In the City of Toronto, there were 2,509 sales last month, a 37.6 per cent jump from October 2023. Throughout the rest of the GTA, home sales rose 48.9 per cent to 4,149.

The sales uptick is encouraging, said Cameron Forbes, general manager and broker for Re/Max Realtron Realty Inc., who added the figures for October were stronger than he anticipated.

“I thought they’d be up for sure, but not necessarily that much,” said Forbes.

“Obviously, the 50 basis points was certainly a great move in the right direction. I just thought it would take more to get things going.”

He said it shows confidence in the market is returning faster than expected, especially among existing homeowners looking for a new property.

“The average consumer who’s employed and may have been able to get some increases in their wages over the last little bit to make up some ground with inflation, I think they’re confident, so they’re looking in the market.

“The conditions are nice because you’ve got a little more time, you’ve got more choice, you’ve got fewer other buyers to compete against.”

All property types saw more sales in October compared with a year ago throughout the GTA.

Townhouses led the surge with 56.8 per cent more sales, followed by detached homes at 46.6 per cent and semi-detached homes at 44 per cent. There were 33.4 per cent more condos that changed hands year-over-year.

“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” said TRREB chief market analyst Jason Mercer.

“This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price growth will accelerate, likely as we move through the spring of 2025.”

This report by The Canadian Press was first published Nov. 6, 2024.

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Homelessness: Tiny home village to open next week in Halifax suburb

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HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

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Here are some facts about British Columbia’s housing market

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Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

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