Parliament is back in session and the housing crisis was top of the agenda today. Subscribe to CP24 to watch more videos: 🤍🤍youtube.com/Cp24TorontoBreakingNews Connect with CP24: For the latest news: 🤍🤍cp24.com/ For the latest videos: 🤍🤍cp24.com/video CP24 Live and Interactive: 🤍🤍cp24.com/now CP24 on Twitter: 🤍twitter.com/CP24 CP24 on Facebook: 🤍🤍facebook.com/CP24Toronto/ CP24 on Instagram: 🤍🤍instagram.com/cp24breakingnews/ CP24 on TikTok: 🤍🤍tiktok.com/🤍cp24breakingnews CP24 Breakfast on Twitter: 🤍twitter.com/CP24Breakfast CP24 Breakfast on Instagram: 🤍🤍instagram.com/cp24Breakfast - CP24 is Toronto's #1 source for breaking news.
….. it’s hard to nail down specific predictions for the housing mrkt is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.
Jesus Christ these two sound like a couple of children Canada is doomed
Soap story & wasting time = house of commons
tai chi peace instead light darkness charger healing fee photosynthesis police salary 21% mages maples newspapers report psycology worses
Halting expansion outwards and building upwards does not save agricultural land. Short supply causes prices to escalate beyond reach driving up the price of real estate. Deliberate policy precludes surplus that brings down prices. What was $20,000 and should now be $200,000 has risen to $5,000,000 and up in a similar situation in BC. Million dollar an acre land is not feasible to farm and is left fallow with 50,000 sq. ft. mansions built on it achieving the opposite of what protesters envision, as their emotional reaction plays directly into the hands of the chosen few. Those that inherit will not carry on farming and work for nothing or to lose money, but will borrow on their equity and sell upon winding up of their estate, if not sooner. Subsidies, such as GST exemption, to construct rental units shunts even more money to the chosen few. When housing prices escalate beyond reach green belt prices follow the rise. Supply must exceed demand in order to bring down prices. Green belt land that was cleared of forest for agriculture will grow back into forest again, an estate with a mansion, returned to nature and residents will end up homeless. If that is what they want, that is what they will get.
Municipalities considered allowing sixteen year old persons to vote knowing that secure in their parents home they would oppose expansion of land for housing.
There is no debate. Justin Trudeau needs to resign. Canadians have had enough of his bullshit
Cheap PM of Canada's Justin Trudeau with a dumbo technology of Airoplane which was stuck in India for more than 2days. 😅😅😅
When interest rates were low lots of building was happening. With high interest rates building went to a crawl
Trudeau doubled prices and trippled mortgage payments by raising interest rates. Interest rates are important in building the more they pay back the more the cost of the home becomes or it doesn't get built. Eliminating the gst does nothing to help with high interest rates and the carbon tax creating more expensive construction. Carbon taxes caused an increase in prices for building materials
Trudeau never answers questions and keeps slowing construction and drives up interest rates Trudeau needs to go and never come back
JT failed on housing, but Peter isn't going to help us either...
more rental properties, so nothing is going to change, ima still be sleeping in a basement for rent. I do t wanna rent anymore!!! Does our PM not get it. Finish school and start a career. So why is my PM always saying things like student rent before anything else and public transport?! They are broke with a lot of debt? Like is he trying to get the youth votes because everyone that’s an adult is sick of him as PM?
This new generation like me working 15-17$an hour jobs cant afford homes and hardly school, politicians are rich and disconnected
This people paying money ukirn war 😂😂😂😂
Trudeau is noob ! start calling him Pappu !
HELLO JUSTIN TREADEAU FORCING VACCINES!!! SIDEEFFECTS NO AFFORDABLE HOUSING TREADEAU A JOKE
Shameless corrupt divorced clown doesnt even feel morally embarrassed to return back here
Thanks to Trudeau, Canada now has bad relationship with two most populous countries in India & China. This man never ceases to amaze me
terrorist of a country is a citizen of canada, SHAME ON YOU JUSTIN TRUDEAU