Housing bubble is popping in canada
shit been poppin nigga
>>61862054based, young people might have a chance of owning a home if the bubble keeps on deflating
That's weird it's exactly correlating too stricter immigration controls on new jeets
Housing bubble in India is pooping
>>61862054it says housing "starts". meaning fewer houses are being built. which means less supply, which means higher prices if anything.you are an illiterate nigger, and so is everyone in this thread.
>>61862133You're half right. Housing prices are also dropping simultaneously.
>>61862133i live in canada nigger i dont have to read the post to know that home prices are dropping
>>61862054Don't worry, they're going to turn on the jeet tap real soon. Carney isn't done breaking up the country yet.
I fucking hate living in this Liberal shit hole of a country so much it's unreal.I'd move to Alberta immediately if they were seriously going to separate from Canada or join the U.S
>>61862133exactly. canada mass immigrated millions of people while simultaneously housing became more expensive to produce due to input costs. right now builders can't afford to build, buyers can't afford to buy and the government has openly declared they will never intentionally reduce housing prices. the central bank has also sunk billions into mortgage bonds. canadians will own nothing and be happy (because at least they aren't americans! eh!).
>>61862310There is zero fucking chance they just let Alberta leave, they're the only province that actually makes money. They're so resource rich and the fact they're forced to give so much to the eastern provinces is hilarious.
>>61862310Alberta separatism is pure retardation/cope. We're landlocked so any trade will be on unfavourable terms, and the US is pants on head retarded and is likely going to lag behind everybody else for the next few decades.
>>61862054>Canada mass immigration >housing prices dropping >USA mass deportations >housing prices upSounds like someone lied about immigrants being a reason for high prices.
>>61862310>>61862518>thinks that a landlocked petro-state has any chance of survival in the modern age>doesn't realize that Ontario's share of total GDP is more than double that of Alberta's>actually copes and believes Drumpf will come to the rescue and NOT make them a Puerto Rico 2.0 as they extract all the resources for their own gain
>>61862563USA is not doing "mass deportations"It's just slightly higher than previous years
>>61862054Yeah we are boned. That we fell into the same trap that the burgers (and far harder) is what convinced me that this country is fundamentally more retarded than Americans are because the Americans didn't have the benefit of hindsight. We did have the benefit of hindsight and yet the country still willingly chose to walk down this path.
>>61862563We cut down immigration retard, a lot of the jeets went home, people openly hate them now. We're still getting 400k per year, but it's not the 1 million + it used to be.
>>61862642>Alberta GDP per capita 2024: $96,544>Ontario GDP per capita 2024: $74,143
>>61862661>We cut down immigration retardLower immigration rates does not mean anyone is going homeNor does it mean a net-decreaseCanada doesn't track exists at airports so any stats are just made up
>>61862133It means the smart money (developers) thinks they aren't going to be able to make a profit if they sell in a couple of years when they finish construction. It means they expect the price to be far lower in a couple of years so there is no reason to construct anything. Yes there will be less houses coming online in some years, but the prices will be lower. So what will happen is not that the price will be higher but rather you will be more likely to get into a bidding war for the same property. Housing supply is only correlated with prices in the long term. The actual higher prices you get are going to be hidden, but you don't have to deal with the issue of sticker prices starting out high. If you get lucky even if housing supply is short you can still get sticker price. So what really matters is patience, if you want a particular property and housing supply is short you have to compete for more buyers so you will "overpay", but if you are a lot more flexible The upshot about all this is that if you are price insensitive and just want to get the perfect home to live in forever, then buying on the downswing is best for you. If you want to get deals you can buy INTO a housing shortage that is induced by lack of construction and make a good bet.The housing market is complicated. "Fixer uppers" are good when sticker prices are low but demand is high because normal buyers aren't going to want them so you can get away paying sticker price or even lower.Normal buyers generally like new properties since there won't be anything wrong with them, the resale market is something that normal buyers get forced into when housing starts stall.The caveat though is that the new home market's price washes over into the resale price as it determines how likely someone is to venture into the resale market when looking to buy. In a couple years people are going to be forced into the resale market, but they are going to be looking for places in good condition.
how hard is it to make new houses? There's literally dozens of industries dedicated to housing and anything indirectly associated with housing.
>>61862689you're not factoring in materials and cost to build
>>61862563The USA isn't actually deporting people, where as Canada is actually limiting immigration.Rule 1 of politics is that what the government does is usually intended to prevent the other guy from winning more than anything. The liberals want to actually cut immigration to prevent Conservatives from winning, where as the Conservatives want to keep immigrants around and ruining the country so people will be angry about all the immigrants ruining the country. So the incentive exists for the liberals to actually deal with the problem. The issue fundamentally is that you need the problem to get to the point that there is a serious risk of them losing over it before they will do something. The best thing that happened to Canada was PP looking like he was going to win and then losing at the last moment.
>>61862704>The liberals want to actually cut immigration to prevent Conservatives from winning, where as the Conservatives want to keep immigrants around and ruining the country so people will be angry about all the immigrants ruining the countrywow never mind you're retarded
>>61862668Not to mention Albertan GDP is largely commodities sector while Ontario’s is service sector pixie dust
>>61862702If materials and cost to build go up that results in less housing starts, that is true. So what is happening here is that the cost expectation for materials is going to go up by a lot due to commodities booming, while at the same time the price of the houses is going to go down. There is zero reason to start building today.
>>61862661>>61862704>>61862646>DHS report 2 million self deportations and almost another million removed But back to the subject. Don't you think that the prices of houses are high is because there are no jobs in rural America and most people are now living in urban and suburban areas?
>>61862758it's because COVID happened which flooded the world with free credit. prices really haven't gone up much since then, and people were moving out of the city at that point which should increase the housing supply in cities. now that interest rates are much higher, PLUS property taxes, insurance, and maintenance costs are generally much higher, home ownership is totally unaffordable for anyone who hasn't bought yet. this is going to make house prices go down soon (relative to dollar purchasing power if not in absolute terms). the gap between houses for sale and house purchases is the largest it's been in a long time.
>>61862816>COVID happened which flooded the world with free credit. prices really haven't gone up much since thenUhhh what? Everything is at least 60% more expensive than it was in 2019, housing is over 100% more expensive in some markets.
>>61862834I meant house prices haven't gone up much after the obvious COVID surge which was caused mostly by cheap credit.
