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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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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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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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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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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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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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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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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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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A ‘poop’ rampage in Wyoming is an important insight into today’s homeless

The headline at the Daily Mail was eye-catching: “Squatters take over Wyoming city: Vagrants leave millions of dollars worth of damage to motel and 500lbs of human feces in downtown area – as Casper fights off a homeless invasion.” It was an image at odds with how we think of Wyoming; that is, a clean, naturally beautifully conservative state. But the homeless plague is everywhere, and the situation in Casper reminds us that most of today’s homeless are not just ordinary people down on their luck; they are dysfunctional drug addicts who are the inevitable result of 60 years of leftist drug policies.

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Opinion: Governments shouldn’t house the middle class

Housing is an emotional issue. The concept of home evokes security, well-being and belonging. So it’s no surprise that housing debates have become politically charged as housing affordability has eroded. This can also evoke radical proposals for change.

Some people argue that we can’t rely on the private sector to make housing affordable again for the middle class. They argue that adding more “luxury apartments” doesn’t move the needle on affordability. In their eyes we need more public housing — a lot more.

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Sheila Copps on the housing crisis

What’s behind Canada’s housing crisis? Decades of policy failures, says former deputy PM

Canada’s housing crunch is the result of decades of poor policy stemming from the federal government leaving the issue to the provinces in the 1980s, according to one former deputy prime minister.

Former deputy prime minister Sheila Copps said in an interview with BNN Bloomberg that when Canada Mortgage and Housing Corporation (CMHC) was involved in building housing, there was a significant amount of national investment in housing as well as housing policy and strategy.

Acres of decrepit crime and drug ridden high rise eyesores. That’s what I think of when I hear the words government housing.

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Ontario colleges are fuelling unprecedented growth in international students

In 2012, Ontario’s Conestoga College had about 10,000 full-time students, nearly nine out of 10 of them Canadians. A decade later, the college had about the same number of domestic students, but it has more than doubled in size thanks to huge enrolment from abroad. And with those foreign students has come a tripling of revenue and a massive windfall for the school.

The college, located an hour’s drive west of Toronto in Kitchener, Ont., had more international study permits issued last year than any school in Canada, and almost as many as the two of the country’s leading universities, the University of Toronto and the University of British Columbia, combined.

What a scam.

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A Montana Town Faces a Homelessness Problem Similar to San Francisco and L.A.

MISSOULA, Mont.—This city boasts more than 400 acres of parks, many of which line the roaring Clark Fork River. Recently, they have become full of homeless people.

Some 600 people without homes live in the Northern Rockies college town, triple the number of a decade ago, many of them in tents in city parks. Their presence has sown growing anger among residents who say the parks have become dirty and unsafe.

Shannone Hart said a group of teens she works with saw homeless people fighting in a park and that she moved in June from a house near an encampment along the Clark Fork.

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Liberals are late to housing, and time is running out

Whether talking about shacks or sidesplits, Pierre Poilievre has owned the housing affordability file from the time he became Conservative leader one year ago. This is not because he has all the answers, or warms hearts with his words. It’s because he gives the issue the time and weight it deserves.

After a cabinet retreat in Prince Edward Island where housing was the key focus, it appears the Liberals are finally grasping the practical and political urgency of the situation, as Mr.

Poilievre long has. They are listening to what people have been saying in the country’s largest cities for years – and is now being said from Charlottetown to Kingston to Kelowna: The cost and scarcity of housing in Canada is bonkers.

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