Govt reg, taxes, delays. Useless code variation double the cost of bringing a house to market. HST, land transfer taxes alone can add 18+ % to a house, it’s surprising so many houses are even built. With a cold climate why even bring more people in? I talk to people who say Japan needs more people, a country smaller than the state of Montana with 125x the population, really? My house has 3 bedrooms, for my wife and I, why not put 2 more couples in my house? We can each have a bedroom and timeshare the kitchen…. I’d prefer not, I also have a fence in the backyard, why not let 10 people camp in my back yard.? I’d rather not, why bring millions in to Canada each year, we know they will use the money they receive to winter in their native country, perhaps even the entire year, but the direct deposited and OAS is appreciated…
Visited Canada, got work permit, wanted to settle - no jobs, expensive living, bad stories about healthcare, friends frustrated and moving out - eventually gave up on Canada, settled in Germany. At least for now.
Germany has its share of green and socialist craziness but at least their social system works and jobs are there - got my first job in Hamburg, traveling weekly 500km from Leipzig where my family lives. Good English, tons of IT experience.
Well said, thank you. Toronto's recent 25% hike in development fees falls right in line with the stupidity that governments impart on citizens. I am invested in a number of building projects. Prices on new build homes, towns and condos in Toronto are going to go up. Or not get built. It was close to 25% fee increase for purpose built rentals as well. Toronto has some purpose built rental inventory coming online in 2025 and 2026 but by late 2026 and through 2027 very few purpose built rental projects are planned for the GTA. I am in one of those few rental projects that completes in 2027, scarcity begets higher costs so only the better off will be able to afford rents. We are looking to the 905 as the most cost effective place to build now. To fix Toronto's housing crisis you need to build more houses without saddling the end consumer, renter or owner, with fees that consume 15-20% of a project.
Why in the world would mortgages be tax deductible, perhaps in 1 province maybe, subsidized in some specific way, but all other provinces, it reduce govt revenue, it will never happen.
Govt reg, taxes, delays. Useless code variation double the cost of bringing a house to market. HST, land transfer taxes alone can add 18+ % to a house, it’s surprising so many houses are even built. With a cold climate why even bring more people in? I talk to people who say Japan needs more people, a country smaller than the state of Montana with 125x the population, really? My house has 3 bedrooms, for my wife and I, why not put 2 more couples in my house? We can each have a bedroom and timeshare the kitchen…. I’d prefer not, I also have a fence in the backyard, why not let 10 people camp in my back yard.? I’d rather not, why bring millions in to Canada each year, we know they will use the money they receive to winter in their native country, perhaps even the entire year, but the direct deposited and OAS is appreciated…
Sad.
Visited Canada, got work permit, wanted to settle - no jobs, expensive living, bad stories about healthcare, friends frustrated and moving out - eventually gave up on Canada, settled in Germany. At least for now.
Germany has its share of green and socialist craziness but at least their social system works and jobs are there - got my first job in Hamburg, traveling weekly 500km from Leipzig where my family lives. Good English, tons of IT experience.
Well said, thank you. Toronto's recent 25% hike in development fees falls right in line with the stupidity that governments impart on citizens. I am invested in a number of building projects. Prices on new build homes, towns and condos in Toronto are going to go up. Or not get built. It was close to 25% fee increase for purpose built rentals as well. Toronto has some purpose built rental inventory coming online in 2025 and 2026 but by late 2026 and through 2027 very few purpose built rental projects are planned for the GTA. I am in one of those few rental projects that completes in 2027, scarcity begets higher costs so only the better off will be able to afford rents. We are looking to the 905 as the most cost effective place to build now. To fix Toronto's housing crisis you need to build more houses without saddling the end consumer, renter or owner, with fees that consume 15-20% of a project.
Why in the world would mortgages be tax deductible, perhaps in 1 province maybe, subsidized in some specific way, but all other provinces, it reduce govt revenue, it will never happen.