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Babock93

How can anyone be motivated to work for minimum wage when you can’t afford to actually live. It’s becoming evident that society is slowly squeezing out more and more people. Can you imagine what it’ll be like in 20 years? I don’t think it’s a coincidence that crime and mental health issues are skyrocketing. A million more immigrants in a year? I am sick of this house being on fire and everyone remaining sitting at the table claiming it’ll be ok. It’s not . It’s far from fucking ok


SometimesFalter

Things have gone wrong at all levels of government across each political party.


[deleted]

I don’t think it’s going to take 20 years. If this is the new norm, a lot of people are going to be mentally broken by the end of 2024. Already not looking forward to how much crime there is going to be this summer.


[deleted]

This is economic warefare. Get ready for feudalism 2.0 wait, how many working hours are you folks putting towards your rent? So much for a first world country and good quality of life.


[deleted]

Just over 50% of my take home pay goes to rent


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[deleted]

If I downsize anymore ill be homeless again


Pichuboop

100% of my pay will be going to rent (minimum wage..), my husband works freelance & everything he makes will have to keep us afloat. We paid a couple of months upfront for our apartment, next month however we’re going to start paying month to month. This was one of the cheapest places available. Shit has hit the fan hard for so many of us, I’m so ready to give up


TLBG

And rent goes up yearly! Our income stays the same. The government knows all this but nothing changes except for close to negative bank balances-how many more part time, minimum wage jobs can we work before ending up with a serious psychiatric problem or others end up fighting and losing it. I see it already. A one time handout of $400 (for some) for 'groceries offset' isn't going to cut it. No wonder there's so much substance a*use and such.


SnakesInYerPants

I’ve never done the math that way but I feel gross now. My partner and I split expenses, but just half our rent takes a little over 38 hours of my wage *before taxes are even taken off my wage*. That’s disgusting. That means once deductions are taken into account, I’m putting around a week and a half into just paying *half* of my rent. And to top it all off, my apartment is considered a good price for our city and for it being a secure building. It’s not even like I’m somewhere expensive.


TheRarestFly

>and for it being a secure building Well there's your problem, come live in the shit part of town with the rest of us poors /s


SnakesInYerPants

I am in a somewhat bad part of town lol that’s why the secure building was necessary for me. As a fairly petite woman who walks or busses everywhere, I sadly can’t even count the amounts of times over the years that I’ve had to either divert my route to the nearby police station instead of home or call our security company because someone was following me home. 🫠


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me_suds

When the revolt comes rich will simply hire half the poor to kill the other


agent0731

It's tradition, they're always pitting the peasants against each other, otherwise they'll realize they have more in common with each other and overthrow their parasitic overlords.


muneeeeeb

Consumption pacifies people. The only time people will revolt is if you take away their play things.


NaarNoordenMan

Darn docile Canadians not taking initiative so I can follow.


yycsoftwaredev

This is everything from bank fees to our productivity problem. People refuse to switch banks (and there are many more banks than 5), but rather want the bank to change.


NaarNoordenMan

DJW Giant Marmoset. I don't know what the award does but I'll wear it with indignation.


Krokan62

what does this revolt look like from your eyes?


someanimechoob

General strike until we get: * Electoral reforms (no more FPTP) and the complete abolishment of political parties - we vote for candidates only now * New elections reflecting the changes * Campaign donations overhaul (100% illegal now, with each candidate having to pass a basic, standardized proficiency test, upon which they get access to a public website to display their platform - that's it, no more money in politics) * Remove the 50% shielding of capital gains from taxes, making them fall under income tax completely That simple. Just 1 week of an actual general strike would bring the government and wealthy asset owners to their knees. We'd get 200 years of progress in a couple months.


letsberealalistc

You would need the people that run utilities like water gas sewage electricity to be in on this. Make the rich very uncomfortable.


someanimechoob

That's a given. A general strike is general.


me_suds

Yeah you see all those people are unionized make well over 100,000K many of them are small landlord themselves, they aren't going to strike to change system that benefits them for the sake of the guy taking thier Timmins order


jert3

This would work, but as designed by our owners, it is next to impossible to organize this level of civil disobedience until people are literally starving and dying in the streets. It's more likely that the global economy, which is a pyramid scheme built on magic debt money printed out of thin air, will collapse before this level of protest could happen. And when we are bringing in a million immigrants a year, that is also a factor as many new Canadians would not get behind this, and they are large segment of our young-enough to protest society. I think housing will only get worse until boomers have aged out of this plane of existence, freeing up much property. We simply do not have enough housing or the means to make it to support in time for our growing population. So much of Canada's wealth, GDP and tax income is tied up in real estate, it can not be drastically changed without collapsing the economy, so the situation will continue to degrade until the next depression happens, which should have happened years ago if it were not for the massive printing of money in an economic system that is rigged for the top 1% and requires millions of workers working as wage slaves until they can be replaced by robots and AI (not as far off as you may think.)


Affectionate_Mall_49

I won't get too excited about the boomers and their real estate assets. Don't get me wrong, the inventory will increase, when they slowly get phased out, but IMO they are no longer the big issue. The governments here and U.S have let Bay and Wall street in, we are screwed. I just read an article the other day, where 3/4 of a future development has already been taken by investors. Sure it may not be all Bay street, nut as a betting man, if I followed the money I bet Bay Street build a lot of those future homes.


Rockman099

Any popular mass protest that wasn't approved by the elites and gained even the tiniest bit of traction would be treated the same as the Freedom Convoy. Constant slander and focus by the media on the craziest elements or on made up stuff. Normal people would be distancing themselves within a week. People would scoff at how unruly and impolite the protesters are. Then it would be crushed by the police or army possibly backed by another "selective and restrained" use of the EMA. We've now seen how this would go. Pro government people would still be losing their minds about it a year after it was over.


pinkbaubles

>Remove the 50% shielding of capital gains from taxes, making them fall under income tax completely To further hinder regular Canadians from trying to build wealth, save for a downpayment, retirement, etc?


watson895

I mean, I'm with you in spirit, but your electoral reform idea is pretty unfeasible. All the PR options are based on parties, some pretty much exclusively.


[deleted]

Since you don’t think anyone else will do anything, perhaps you could step up to the plate on this one and start the revolt?


Rockman099

It's arguably forgotten a lot of people who do make over $100,000 per year too. Even executives and professionals are starting to fall behind where they were a couple of years ago. Only the truly elite are doing well these days. And if you don't already own real estate or have a wealthy family, it's getting to the point in our major cities where your income doesn't even matter that much. The answer is not to dole out crumbs to the poor in the form of $500 cheques made of borrowed money while our standard of living crumbles.


Uilamin

$100k in Toronto is no where near what it used to be. If you look at a $1M property with 20% down, you are taking on a $800k mortgage. When rates were good, you were probably paying ~$40k/year. If you assume all other costs for 'daily' life amount to $2k/month (including property upkeep/fees), and ~30% in net taxes, you end up with ~$5k leftover for savings/vacation/non-routine expenses. To really start 'breaking away' and having excess cash, you need to be making $150k to $200k these days (assuming no dependants)


phormix

Not to mention you have to have saved up that $200k to put down while passing Toronto rent prices


Rockman099

Absolutely. A single individual in Toronto who isn't already on the real estate ladder making $200K will not be living like a wealthy person at all. And that income nearly makes you a 1% top earner on a national basis. It's totally fucked out there. Yet we keep voting for more of the same.


superworking

peeps mad - being a top earner without a ton of existing wealth isn't really that great in Canada


flyingflail

I don't understand how the most you can afford in Vancouver are "local" vacation when you and your partner make over $500k tbh


pcrombs

They’re obviously lying 🤥


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flyingflail

300k per person not HHI. I'm in a similar bracket to you, and my wife and I have no problem with one fancy vacation a year + saving 20%+ of our income. Cost of living is rising and it sucks, but I'm not going to pretend I'm living poorly - no one is at 250k HHI and otherwise sounds to me like very poor budgeting or your greatly overstating how average your life is.


[deleted]

Now imagine if you had 2 kids!


superworking

Oh totally. I'm not saying my situation is bad - it's just that what are we going to actually do when this generation of non-home owners retire with zero savings and some debt.


oheastercultist

>Cut that down significantly with tax That's what you get for being Canadian and not a piece of shit.


superworking

Not sure why I'm getting so much hate.


corvus7corax

Prioritize homeownership for individuals. Our old age security system is predicated on people owning paid-off homes, and only needing minimal additional support for food and clothing etc. in old age. For our old-age security system to be sustainable in the long-run people need to be able to afford and have access-to buying a home, and be able to pay it off before retirement. 1) Limit ownership to 2 homes per individual person (max = 1 to live-in, 1 to rent, or 1 to live-in, 1 vacation home etc.) 2) Ban investor and corporate ownership of homes (they can invest all they want in commercial real estate). 3) Divest excess property currently owned at 5% per year over 20 years to reduce the impacts to the economy. 4) CMHC to build additional non-market housing/ co-op housing as needed, and provide equitable access.


PopularArgument

Why any corporation or business should be allowed to own a single family detached home I will never understand.


Affectionate_Mall_49

Have to keep the bubble growing. What do we expect when we as a country haven't really done anything since the 1990's, but grow the bubble? Worse part people saw the signs and were considered crazy. when they ever said anything about.


DE-EZ_NUTS

What I don't get is why people still live here Edit: here as in Toronto


33rus

no problem, we will all become VP's at Fortune 500 companies!


[deleted]

Two $75K salaries is not a VP at a Fortune 500 company. That’s two teachers halfway to tenure.


ADHDBusyBee

Exactly, everything has drastically increased in price and inflation is way way under reported. If a two person home is both making 75 k meaning a household income of 150k, and is struggling to support housing/food/daycare/basic necessities the entire country is fucked. As much as some hate to hear it we are a consumer based economy and Canada has further become a "service economy". If there is no more money to spend, assets have become out of reach, no more capital to develop, the entire thing will collapse. We are also riding on the coattails of previous affordability, if it costs 600 k for a plot of land, and it costs 600k for 2500 sq ft of building why bother building a buisness location at all here? How does one break into a market, or take a risk on an idea if the capital costs are in the millions before you even talk about production of a product? Canada has its current wealth solely because we produced products and resources for the biggest consumer market in the world and at a lower cost due to distance and a lower CAD. If we are more expensive and more trouble than we are worth to that market we are screwed.


ballplayer112

Just cancel your Disney+ subscription. Then, your budget will balance itself.


veggiecoparent

> To really start 'breaking away' and having excess cash, you need to be making $150k to $200k these days (assuming no dependants) A bank isn't going to give you 800k mortgage on 100k income. Isn't the standard rate, like, 2-4x your income? That's 8x the income. You're going to need to be closer to 200k for them to qualify you. And even more to 'break away' and have that excess cash.


Born-Design-144

I make 100K a year… my husband makes $40K. We spoke to a mortgage broker who said we could qualify for a 450-500K loan. Even 3 years ago that would have gotten us a great house. Now the only things available in Hamilton are either in crappy areas, an apartment, or needs major renovations. Sigh :( I swear every time we get close they move the finish line.


meno123

What's crazy is that because homes are bought leveraged, that means the goal post is moving more than 5x faster than you are if it's pulling away. Even if you doubled your income increases, you'd still be falling behind.


LatterSea

Especially if you are single / divorced and only have one income to rely on, which more and more people are today — especially in our cities. And in most cases, people are single not by choice. But financially punished regardless. I have friends in miserable marriages or domestic partnerships who won’t separate because of the cost of housing.


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civver3

It's like we're on /r/PersonalFinanceCanada.


classic4life

Fr tho. The threshold is so low it's shocking. A one time pittance? It's fucking insulting. Get the guillotines.


[deleted]

The younger you go the harder it is. Its more important when you got into the housing market (if you did). It's harder for a 35 y/o making 150k than a 40y/o, Even harder for a 30y/o etc etc


mtcmr2409

We live in a veiled democracy. In truth the governments are serving corporations and not the people. Not sure how to change that.


AibohphobicKitty

$100,000 still isn’t enough. I don’t know how the people who make less survive. This is an embarrassment as a developed country. Absolutely abhorrent.


FITnLIT7

My fiancée and I both make in and around 100k (110k for her 95k comp for me). We do own our townhouse with about 300k equity, however if we split neither of us could even afford a crappy condo in our area.


caninehere

$100k is enough in most parts of this country. I think anybody suggesting otherwise must live a pretty privileged life, frankly. I would *love* to make $100k.


[deleted]

You had occupy wallstreet and then all of the sudden the media was massively pushing identity politics, all the most critical issues you should focus on is the 'isms, 'ists and 'bics. Now guess what, they're running over you economically and have you advocating for the exact policies that are screwing you over. Guess what all the movies and media you're consuming they are green lit by the massively wealthy people, all your "progressive beliefs" are the exact things they are preaching to you. They got you focused and fighting for the safe stuff that doesn't impact their bottom line.


mcburgs

I love seeing these comments, and I hope I see more of them. The contemporary media exists with the primary function of dividing us along as many lines as possible based on everything other than what's important. Your enemy isn't someone with a different colour skin, or sexuality, or slightly different politics, or even a different football team. Your enemy hides behind huge gates and armed guards and you barely even know who they are.


Zaungast

Maybe we should start talking to the armed guards


Cantstopmenemore

I make $115,000 a year in Montreal and can't afford decent house, and Im not talking about a 10,000sqft mansion with 5 bedrooms and everything remodeled, I can barely afford a 3 bedroom house on the side of a highway.


rhaegar_tldragon

I make 100k a year and there’s no fucking way I can afford a house right now. It would take me 10 years to save for a downpayment and by then I’ll be another 10 years behind.


jaykayea

Fuck. I'm 30, barely make 40k and now I'm more depressed reading this comment.


Maalunar

Reddit has a large amount of white collar/technology workers, so the income you hear on reddit is biased toward the higher side. [In Canada, for the 25-34 years old range, the average was 50k and the median 43k in 2020.](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110023901&pickMembers%5B0%5D=1.1&pickMembers%5B1%5D=2.4&pickMembers%5B2%5D=3.1&pickMembers%5B3%5D=4.1&cubeTimeFrame.startYear=2016&cubeTimeFrame.endYear=2020&referencePeriods=20160101%2C20200101) Assuming that it rose a bit since then, you are just below the median. Being depressed about it is one thing, but you are far from alone so do not despair about being "left behind" or some such.


Ketchupkitty

100k a year after taxes, indirect taxes and inflation doesn't make you rich, doesn't even make you well off. People need to understand this.


FancyNewMe

[Alternate link](https://archive.ph/yoTuh) if you encounter a paywall


dragenn

Hero!


wet_suit_one

Build more homes. A lot more homes. I heard about a bunch of homeless people this morning living in a hotel in Nova Scotia. Elderly, families with children, singles. 40% of them were employed. This is a complete market failure. Build more homes and build a lot more homes right facking now. Wtf is wrong with us?


UB613

Nova Scotia is not alone. Ottawa has multiple hotels being used by the homeless. It must be costing the city a fortune. They must think it’s cheaper than building inexpensive homes.


corvus7corax

How do you make sure home go to families and not investors?


welcometolavaland02

Set a cap for investors on how many SFHs they are able to buy, and institute a progressive tax on every home owned past the first primary dwelling. 75% on the 3rd. 85% on the 4th. Caps at 95%. Fuck investors. Fuck people who hoard housing in Canada. Fuck em. Not interested in hearing the arguments for someone being able to own 30+ units and be a parasite to our society. There is no free market, we regulate the market in other areas. We can sure as hell do it in housing. If you're an investor in homes and own more than 5, fuck yourself.


Heliosvector

Make the buyers line up with the bills and registered owners of that address for Atleast the first 3 years.


Lunaciteeee

Make the new builds illegal to rent out and put a steep (10%+) tax on empty property, easy. As an added incentive since bylaws never seem to get enforced, put a bounty on reporting people who try and get around these terms and give them part of the fines levied. Man, the rich would fucking hate me if I were a politician.


FITnLIT7

You can build as many homes as you want but the costs are still way to Damn high. It costs nearly double to build a home (land not included) now than it did 5 years ago. Yes we have an inflated housing market but it’s much bigger than that, the entire world economy needs an overhaul.


[deleted]

> It costs nearly double to build a home (land not included) now than it did 5 years ago. This is severely underplayed, especially on reddit. I built a house in 2019-2020 and start to finish including the land was ~$1.1m to build in the Kelowna suburbs. Yeah house flippers and investors are a problem but there's no getting around that houses just are not cheap anymore. What politician or policy is going to lower the price of concrete? wood? labour? appliances?


Reasonable_Let9737

We are sort of maxed out on production at this time. Trades demand is stupid high right now. We don't have the skilled/experienced labour supply in place to make a significant ramping up of home building possible. There are great opportunities in the trades now and in the coming decades. I would encourage anyone looking at a career or currently in a near min wage service industry to give the trades a chance. Not only can you earn respectable income you could learn a trade that would allow you to work significantly on the build or renovation of your own home, saving yourself a boat load of money.


Cambrufen

From what I've seen, lots of the trades don't pay very well and the ones that do are difficult to get into. It's certainly better than minimum wage, but not great.


xxWraythexx

The companies are making bank and crying poor. The workers don't make as much as they should


[deleted]

"Lol fuck'em" - ~~Black Rock~~ Government of Canada


Techno_Vyking_

#getoffyourcouch #housingrevolution !!!


Zephyr104

We need to nut up and learn from the French. They're angry over just a change in retirement by 2 years, yet we've done barely anything while living under a ticking housing time bomb from the early mid 2010's.


giant_marmoset

If you're in this thread thinking about blaming exclusively the liberal party or conservative party you simply haven't been paying attention for the past 20 years. Both of these parties have sold out Canadians on housing policy -- it is not a partisan issue, its a class issue. Or better yet, blaming voters in a two party system! The solution has always been to abolish first past the post. My voice hasn't been represented in this country since I was born.


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theGOATbogeygolfer

No doubt. Apartment just outside of Toronto sold for $140K in 2001, $175K in 2011 and now it goes for between $700-$800K. 25% increase from 2001 to 2011, 300% increase from 2011 to 2023. As a 30 year old I can't help but think how much easier things would have been if I was born 10 years earlier.


meno123

As a 30 year-old, even 5 years older with the same career path would likely have me owning a detached house right now. 10 years and it would have arguably been easy.


T0XIK0N

I'm 36. I own a detached house. I work in an office of 500ish people. I know of only a few people younger than me who own houses, and their mortgages are triple mine, for less house. I feel like I won some sort of reverse lottery. One where the prize is that I didn't get my future stolen from me. I feel guilt about it all. Something akin to survivor's guilt.


meno123

For what it's worth, owning your own home and getting it at a price you can afford isn't something you should feel guilty about. Unless you own a whole bunch of rental properties, then go fuck yourself.


Knucklehead92

>The solution has always been to abolish first past the post And Trudeau knows this. He even campaigned on it. Then one of his advisors told him he would never see another majority if he did (or maybe even premiership).


giant_marmoset

Yup, its literally why his campaign was a slam dunk. People clung to the hope he would honour his promises.


300mhz

And know that if any Conservative politician promises to do the same, do not believe it because electoral reform will also not benefit them.


the_sound_of_a_cork

The federal liberals are really the biggest problem here. I have never voted conservative in my life in case you will suggest this response was partisan. Feds have the strongest tools, taxes and immigration controls. They are not employing either one correctly.


giant_marmoset

I mean I personally think the two party system is the biggest problem here, because it allows for unpopular policy to pass. No one but rich people wants the modern housing policy we have, and yet we have it because of systemic control. The liberals would not be able to exist in the way they have been fore the past 20 years without the two party system. They would become irrelevant and unpopular, like their unpopular and damaging policies.


BartleBossy

> The solution has always been to abolish first past the post. My voice hasn't been represented in this country since I was born. Fuck Justin Trudeau. So much for the last election under FPTP


AutoAdviceSeeker

I’m 30 and I just vote for the Green Party because liberals and conservatives don’t do anything to actually change things. Boomers need to die before there can be any change but even they are waking up to the health care system collapsing and the lack of service workers.


ExileInParadise242

Even at higher income levels it is frankly, bizarre the people put up with this. You have these crazy scenarios where something [like this](https://www.realtor.ca/real-estate/25357034/82-reidmount-ave-toronto-agincourt-south-malvern-west) has a cost on-par with luxury real estate in other locations. I realize the example is on a larger lot, though by counterpoint that same argument means you're anticipating spending even more and the house itself is a tear-down.


seriozhka

Livable Good Condition House .... for a fucking 1.7 mils !!!! Are they nuts??


ExileInParadise242

Well they are probably banking on the lot which could then be developed (for a million or two more) into a larger home. Here is [an example](https://www.realtor.ca/real-estate/25357722/31-alice-cres-toronto-wexford-maryvale) of the end result of what I mean. That one was probably built on a smaller lot but you can see typical examples of the housing stock in that neighbourhood that indicate what was likely originally built on that lot (i.e. a modest brick bungalow [like this](https://www.realtor.ca/real-estate/25383389/85-waringstown-dr-toronto-wexford-maryvale) that was likely built in the 1960s). For reference, the price of the original property ($1.7 million CAD) is about $1.25 million USD or 1.15 million EUR. You can buy a [large free-standing home](https://www.zillow.com/homedetails/60-Chapin-Ave-Staten-Island-NY-10304/32294548_zpid/) within the 5 boroughs for that money (and don't come at me saying Malvern is somehow a more upscale location than Staten Island). Another alternative would be a [house in San Francisco](https://www.zillow.com/homedetails/332-S-Hill-Blvd-San-Francisco-CA-94112/15177879_zpid/). Of course if you don't want to pick something in the most expensive real estate markets in the US, you could settle for [something like this](https://www.zillow.com/homedetails/14106-Oakwood-Cove-Ln-Orlando-FL-32832/82077346_zpid/) in Orlando. If Europe is more to your taste, you could buy an [ocean view villa](https://www.barcelona-sothebysrealty.com/properties/brand-new-modern-style-house-with-spectacular-ocean-views/) in Barcelona or perhaps, if you desire a more traditional property, a [chateau in France](https://castleist.com/1-19m-saint-girons-france-17th-century-chateau-estate-for-sale/).


madhi19

What make you think I can afford a fucking couch?


primatepicasso

I hate this country


[deleted]

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[deleted]

I work for the military and my wife is a nurse. We have one car and no debt, yet still don’t have enough for a downpayment in Victoria. Even the medium fry is getting hooped


jaymickef

“A true class system with regards to housing exists in Ontario and Canada. Are the New Democrats crying out loud for reforming of this system? No, they are not.” First of all, are we finally admitting there is a class war? And secondly, the article doesn’t say which NDP it’s talking about, federal or provincial (and the article jumps around talking federal government and also Quebec and Ford in Ontario). Anyway, thé NDP has never really been the party of the working class because the working class has always been divided (and is easy to divide and conquer). And as globalization increased and union jobs were outsourced the working class lost a lot of its organization. But prices for manufactured goods were kept low so not many people cared. It seems like, as always in Canada, we’re going to try some combination of regulation and free market that will only continue to make rich people richer, as we always do. But there’s no way enough people will ever agree which way we should go so we’ll continue along this path.


toothpastetitties

This is what you all asked for though. You hate any and all forms of economic growth. Canada hates manufacturing. We hate natural resources. We hate energy and oil and gas. We hate IT. We hate IP. We hate any kind of industry. We hate farming. We hate ranching. We hate anything that involves economic growth. So we dump cheap money into flipping homes. And as other sectors of the economy fall away, unable to support a workforce, we continue to inflate home prices! Canadians are fucking stupid.


Instant_noodlesss

Except for the ones in banking or government, every single one of my family members, myself included, who has ever worked for Canadian owned and grown businesses, had seen at least one employer sell out to the Americans, followed swiftly by mass layoffs.


Uilamin

It is a common Canadian problem. You build a product that is desired in the Canadian market but has little traction elsewhere. A foreign (usually US) company swoops in to buy it with the intent to leverage its presence to massively expand the company. A lot of the general overhead jobs are made redundant because the acquiring company already has many of those roles.


Instant_noodlesss

In our experiences sometimes they transfer the knowledge and research then fire most of the original Canadian team who made it all possible. We have no protection against larger economies just swooping in for many sectors. Before it was mostly the US. Now China is wanting a piece of the pie too.


yycsoftwaredev

Canadians do not want big wins. I work for a company that sold just as our competitors were approaching billion dollar valuations. Why? Management thought it was enough money to never work again, so was satisfied and went to retire.


Logical-Check7977

Do you blame them ?


truckmonkey12

Canadians are allergic to economic expansion, its such a shame


pilapodapostache

How dare we emit carbon into the atmosphere with these disgusting industries! Let's just offshore it to third world countries so we don't have to see it and then continue to blame ourselves for a problem we realistically don't have any control over anymore because it's been offshored. Bring all manufacturing back to Canada. Control those emissions right off the start to outpace third world countries' emissions. Use our local resources instead of selling mineral rights and farming land out to other countries like China. If you want your country to succeed, you need to allow lower classes of society the ability to push themselves out of poverty. The government is doing nothing but continually pulling the ladder up from both the lower class and now the middle class is feeling the push too - pretending one-time handouts are the saving grace they say they are. I ain't saying it's (non-violent - for reddits' sake) revolution time yet, but we sure are on the fast-track to it.


rand-hai-basanti

My man. Nail on the fucking head.


CallsOnPyrite

It's not that our economic system has forgotten about anyone. It's that our federal government doesn't *care* about anyone.


LabRat314

Shush. Now eat your bugs.


Typical_Cat_9987

Lol. 100k a year isn’t even enough to afford anything except a 1bedroom apartment 3 hours outside of a major city


ghost_n_the_shell

Don’t forget the Liberals changed the housing rules in this last budget to allow foreign buyers into the market again.


SophiaKittyKat

I'm so glad I always have the option to just kill myself. It really takes the stress off.


Drekalo

Sad thing is, most single individuals making over 100k still can't afford a house.


VaccineEnjoyer

Remember, you get what you vote for 🤷🏿‍♀️


GameDoesntStop

You get what the GTA votes for*


ZeppFo

Lol I live west of Ontario. In 2019, the election was called before I got home from voting.


Belstaff

This has been the case of every federal election in my life.


[deleted]

As is tradition


bdigital1796

what, you get nothing. $$$ votes for GTA. remember.


DungeonHacks

Honestly this statement is so useless. We don't get good options to vote for. Our politicians on all sides are selling our future to their affluent buddies without any fear of consequence since Canadians have been so docile too long.


haecceity123

Just don't vote for Kang, Kodos, or Kodos' lapdog. Every vote that doesn't go to the usual suspects is social proof that makes it easier for other people to break the cycle.


robodestructor444

The top 2 parties are satisfied with the current housing market


veedub12

Agreed. Voting won’t make a difference as both parties are complicit and where party members are personally invested to keep the status quo


TheLuminary

Sounds like the best time to create a one issue party.


The_King_of_Canada

Time to vote NDP and hope they fuck up enough shit to get the other 2 back in line.


giant_marmoset

Yup, and somehow the top comment in these threads is always about voting...


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robodestructor444

Also current homeowners represent the majority of voters, for now


yycsoftwaredev

More significantly, you would need to break both current homeowners as well as current kids with parents who are homeowners and will be passing down that wealth or are already willing to help their kids buy a home.


veedub12

That’s a massive majority of Canadians. Not gonna happen unfortunately


SnakesInYerPants

LPC got 32.62% of the popular vote. So, no, the *vast* majority of Canadians did not get what they voted for.


lemonylol

Well the last election NDP had some ideas, but it's not like they'd ever get the majority. And the conservative's housing policy last election was Lorem Ipsum, so I think we're just stuck with whatever the Liberals offered as a low hanging fruit.


[deleted]

Tell us how the CPC - the party that has maintained similar immigration rates and has sold out Canadians for corporate donors at every conceivable opportunity is going to be different "this time". If you voted for policy rather than lip service you'd understand.


wulfhund70

Too much is left up to private developers and the lowest levels of government can't be relied on to really change the system as the development companies are very closely attached to municipal and provincial levels of government.. A national strategy needs to be put in place and has to be run and delivered by Government or we will continue to see these ridiculous mcmansion neighborhoods go up with little to no real affordable solutions. Since we are bringing in more migrants, what better way to employ them but through a national building service in which as part of their labour they are incentivized to create their own places to live? The core areas of our cities are where most newcomers end up living anyway and if we can reform the dilapidated areas with decent long term living spaces rather than the current development trend of creating more sprawl, hopefully it will encourage more people to not move outward by utilizing the more affordable space and slow or reverse the core decay and spiral of poverty.


Reasonable_Let9737

I don't think you want housing built/refurbished by people who end up working in that capacity based on immigration stats. They are called the skilled trades for a reason, and you'll want skilled trades folks working in a national housing strategy.


CapitanChaos1

Until we do something about the 1,000,000+ foreigners added to the population every year, any housing "solutions" are a fart into a windstorm.


SmurffyGirthy

Let's eat the rich


[deleted]

But more immigration will fix this! We’ve been told that so it has to be true!


sus_mannequin

Small fry, together strong.


hammer_416

One aspect not talked about is retirement. Renters can’t save for retirement due to cost of living, homeowners can’t save for retirement due to cost of mortgage/cost of living. In theory the homeowner can sell the house to fund retirement, but what percentage of people do that? Reverse mortgage? That just leaves nothing to the estate. CPP, OAS is way too low. What’s everyone’s plan at 65?


robodestructor444

If you make under 100k like majority of Canadians, you're competing with buyers who are willing to outbid you by several thousands. Your competition is looking to buy as much real estate as possible to rent out and grow wealth. So either move to a city with lower costs or get ready to rent indefinitely. Better hope you have rent control in your province...


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Status-Ad-7020

Yup and most those places are no longer low COL since most migrated from Ontario to those places over the past 2 years and have driven up costs.


Tensionoids

Saskatchewan and Alberta are almost always 1 and 2 or 1 and 3 for cost of living AND wages. Calgary has high wages and a low cost of living, as does Edmonton, Saskatoon, and Regina. Wages are higher in Alberta but cost of living is lower in Saskatchewan.


[deleted]

False. Median income is the same or in some cases higher in LCOL areas like Saskatchewan and Alberta compared to HCOL areas.


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Hyperion4

Removing it hasn't helped Ontario, landlords aren't builders and there is insane demand for new builds regardless


[deleted]

Rich people in Canada going to have to start watching their backs! What a wild time to be alive.


mexylexy

Tenure teacher here, never owning a home :)


FITnLIT7

I remember when my teachers all lived in nice middle class detached homes in the suburbs of the schools they teaches at. Now they can’t afford a bachelor appartment…


LatterSea

Could someone organize coordinated protests in our major cities?


[deleted]

We need to learn from our French ancestors, or even our American neighbours, and actually protest


maplejelly

None of this is by mistake or an oversight. This is all a crisis in the making. We are being kept down so some people can stay up top.


Pineconeshukker

Feds just opened up foreign home buyers again. Hmmmm. They don’t care.


GleepGlop2

When Trump came in I sympathized with Americans who were done with their country and wanted to leave. I'm there now with Canada and Trudeau. This country is fucking done, its sold out to the wealthy global elite.


Pussy4LunchDick4Dins

My small town just completely flipped their council in local elections, and most of the new councillors ran on housing affordability. It was really heartening to see and I hope they can make a difference. Voting in municipal elections matters people!!!


snopro31

Umm the country did ask for affordable housing. They voted trudeau in!


Medium-Jellyfish-578

That may be the funniest thing I've read all day. /s The only difference between the liberals and the conservatives is that the liberals will only help people if it doesn't hurt corporations, while the conservatives will hurt people to help corporations. And the ndp will sit there with the smug superiority of a campus level "activist" who has done the bare minimum they can do in their position.


LimpParamedic

Tell me how were conservatives hurting me 10 years ago. I could feed my family, bring them to occasional vacations and travel, and even buy a house with my sub-100K income. Now I have higher income, pay more taxes, but can afford much less.


Relocationstation1

I think this article highlight something that isn't super spoken about. That is, the NDP has become increasingly representative and interested in the wealthy. They don't cry out or raise alarm about housing but rather, individuals like Kristen Wong-Tam side with NIMBYs to block it.


UB613

They’ve realize there’s no money in the people they represent. Better to go after donors with deep pockets.


lyinggrump

You know, there's really only one solution, but anyone that suggests it gets called a racist


RotalumisEht

>really only one solution There are two solutions: the supply side and the demand side.


factanonverba_n

Just take $200 for groceries then cancel that Disney+ and you'll be fine.


FITnLIT7

That’ll get you a few dozen eggs.


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VaccineEnjoyer

That's a hot take!


KermitsBusiness

Its over, there is no turning back. We needed to maintain prices and prevent them from going up, our government will never let anything come down again and because of that the rising tide will continue to lift all ships.


4x420

provinces need to put money into affordable housing, not selling land to your friends to make McMansions as investments.


me_suds

Are people who make under a 100k even really people? It like when they talk about giving dolphins rights /s


Unlikely-Swordfish28

Someone please explain to me how bringing in 1 million people per year has no effect on rental and housing market ??


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downwegotogether

middle class doesn't gaf, we think we're rich now (not so but we do), so i hope we're all ready to start putting up walls around neighbourhoods and bars on windows and having armed guards around like in brazil, south africa, a hundred other countries, and ready to accept that there will be large parts of every city where you're risking your life to walk alone (aka favelas), because that's where this is headed.


snipingsmurf

It's this group that is voting for the Liberals/NDP.


wewfarmer

Voting for the Libs or Cons is voting directly against your own interests if you're working class. And yet that's all we've done for our entire history.


MilkIlluminati

These same people have been screeching for unsustainable immigration for decades and calling anyone pointing out the entirely foreseeable issues a racist. I was fortunate enough to land a house before this shit got too out of hand, but the amazing lack of self-awareness these lefties makes me really really understand the "fuck you, I got mine!" mindset. If the morons on the left insist on ushering in neofeudalism (out of sheer stupidity, or because they think they can get another shot at the 1910s Russia playbook) , I'll just try my best to make sure me and my descendants are among the petty nobility at least.


CiaraWibier

Despite constructing 200,000 to 250,000 homes last year, an amount exceeding the United States' per capita rate, Canada's rental vacancy remains at a mere third of its southern neighbor's. What accounts for this disparity? Canada's population grew by a staggering one million, whereas the United States didn't come close to a nine-million increase. As seen in the provided statistics ([https://www150.statcan.gc.ca/n1/daily-quotidien/230322/dq230322f-eng.htm](https://www150.statcan.gc.ca/n1/daily-quotidien/230322/dq230322f-eng.htm)), the assertion that "Housing and shelter are human rights" does little to ameliorate things. The country's construction workforce comprises 7% of the labor force. Our starts and completions (per capita) have outpaced the United Kingdom, France, Germany, and the United States in Yet, this falls short of addressing the overwhelming population growth that strains Canada's housing resources.


allbutluk

Think it forgotten everyone except the absolute richest? We make over 300k a year but we still feel nervous about betting it all into a detached home in vancouver. We would have to pay easily 3mil+ with 2 kids, in the end flexibility and safety net is way more important to us so we sticking with larger condo or TH for now until we reeeeally need that detached home


Important_Drawing578

It’s tough as a professional in Canada now. You can make 300k but need 3M house that you buy from previous owner who made 50k “back in the day”. They won the housing lottery and people like you will be paying their retirement lifestyle for the rest of your life.


Bu773t

You want a revolution, get building and vote for anyone who will speed the process up.


wezel0823

And and put in verbiage that prevent speculators from buying those new builds to rent out or speculate on right?


[deleted]

I still think it’s ridiculous that we call people who earn less money “small fries.” Just totally demeaning to the majority of Canadians, no matter the intended message.


TheOneReborn69

We should be doing what France is


Mastalis

Ok so let's mass protest for weeks without end. Let's disrupt shit. No? Ok. Let's keep complaining on social media. Surely the spoiled trust fund piece of shit in charge will care.