Tens of thousands of Canadians were “Alberta bound” as they searched for a more affordable place to live amongst higher interest rates and home prices.
Tens of thousands of Canadians were “Alberta bound” as they searched for a more affordable place to live amongst higher interest rates and home prices.
COL & Housing prices in Alberta will rise, more and more people move there for the very same reason. Canadian gov. sitting on its ass calling for 500,000 new people every year, while not spending money to build housing, not pushing provinces to build houses either. Ontario can not even build 1 million homes in 10 years, that is a fact. That is pathetic. Canada is a cluster fuck of a nation when it comes to the future of housing and economy, count on it. They want to push the population to 100 million, and they will, except 39% of them will be homeless.
Absolutely. Seeing the rent price doubling since pandemic, in Montréal in 2019 it was almost easy to find a 600$ 2bdr apartment. Now it’s 1200$+. For people making less than 2000$/month, it’s a lot… At one point, some people were saying “well, rent is expensive, let’s buy a condo”, easy when they were 150 to 200k. Now in Montréal it’s 400k+, house are at 650k+.
I saw people looking at a condo not far from me, with interest rate now mortgage was 3500$, monthly taxes 400, monthly fee 600, so we are talking 4500$/month for a standard 2bd condo, wtf?!? And lastly a lot of new condo owner are discovering that their tower is badly build, cracked wall, water leak, etc, and need hundreds of thousands of $$$ to make it secure, money that they don’t have.
When I say to people that having 500k immigrants/year is Canada going full speed in a wall, some says I am anti-immigrant, while I’m an immigrant myself! I have nothing against them nor war refugee of course. But having 500k new people per year that will live in the street is not sustainable?!? What about education system which is shitty? And healthcare which is shitty too!
In the last two months, we got 250k newcomers actually. So 1m every 8 months. And basically no new homes.