FSW WORLDWIDE

[singhno]

yeah, usually there’s a tech draw in February. Wait one or two more weeks at most.

it should be today...

 

[singhno]

You are right, provincial nominations are the only sure way to hope for ITA at this time.

I thought OINP would conduct a Tech draw yesterday, perhaps next week then.

Hey bud, You qualify for tech ?

 

[Deleted member 1006777]

Our friend @DKAB was right after all. The right time to move to Canada was 10 years ago, not now.

He was also wrong in that he thinks basically rich immigrants are the reason for rising housing prices. Say what you will about so called experts or economists and their trustworthiness, but I sure as fuck trust their opinion more than some random forum dumbfuck like DKAB.

 

[Sharlegail]

Inflation isn't the main factor driving Canada's sky-high housing costs, experts say
A federal government committee is examining inflation and housing prices in tandem

As Canadian housing prices continue their dizzying climb to record highs, the federal Conservatives are defining the problem as a "housing inflation crisis."

That description dovetails neatly with the ongoing debate about Canada's inflation rate, now at a 30-year high of 4.8 per cent. But some experts warn that pairing housing costs with inflation could obscure the actual causes of surging home prices.

"These issues have predated our conversations about inflation, or even concerns about inflation," said Murtaza Haider, a professor in real estate management at Ryerson University.

"To assume as such, we would make the mistake of thinking that if we solve the inflation problem, we will solve the housing problem and that would be a big mistake."

The House of Commons is examining the effects of inflation on the Canadian economy through a special parliamentary committee that launched in January. The first meeting of that committee saw a thorough discussion of housing prices, but some who took part say the committee risks conflating two issues which are distinct in some ways.

"I don't think we can call this just an inflation problem," said Sahar Raza, a manager at the National Right to Housing Network.
https://www.cbc.ca/news/politics/inflation-trudeau-poilevre-pandemic-supply-chains-1.6261611
Raza and Haider both appeared in January as expert witnesses before the parliamentary committee on inflation.

Following his appearance, Haider said discussions about housing prices have "some but not much relevance to the ongoing discourse on inflation."

Conservatives blame government spending
Conservatives, meanwhile, point out that housing prices in Canada surged by 33 per cent from March 2020 to November 2021 — something the party blames on what it calls the federal government's reckless spending during the pandemic.

The price of the average Canadian home hit $713,500 in December 2021, according to the Canadian Real Estate Association (CREA).

Conservative finance critic Pierre Poilievre has repeatedly called on the Liberal government to take responsibility for a housing inflation crisis. (Adrian Wyld/The Canadian Press)
"The inflation in house prices followed the government printing about $400 billion of new cash, dumping it into the financial system, much of which was lent out in mortgages," Conservative finance critic Pierre Poilievre told CBC News.

"More dollars chasing fewer goods means inflation, and in this case, housing inflation."

Poilievre said that what he calls Canada's housing bubble is set to burst if no change is made to government policy.

In an email to CBC News, a spokesperson for Finance Minister Chrystia Freeland did not describe rising housing costs as the result of inflation. Freeland herself has consistently avoided Poilievre's attempts in the House of Commons to make her use that term.

"Housing affordability remains a priority for the federal government and, as we have said previously, we will take further action in the upcoming budget," wrote Adrienne Vaupshas, adding that the Bank of Canada is focused on "price stability and inflation."

Prices have been rising steadily for decades
But many housing experts point out that Canadian housing prices have been rising steadily for more than 20 years now, far predating the recent spike in inflation.

CREA sales figures show a 318 per cent rise in home prices since 2000, suggesting today's high housing prices have been decades in the making.

Experts say those soaring prices have multiple causes.

Haider points to a slowdown in new housing construction as the primary cause. He said that trend began in the 1970s and left Canada with far fewer homes per resident than the G7 average.

Raza said the "financialization" of the housing market is a bigger factor than inflation. She said changes to taxation rules for investors and developers would do more to lower prices than broadly trying to reduce inflation.

"These are major gaps that don't even come into the picture when we're just talking about inflation as this overarching concern," Raza said. "The housing sector is experiencing something very specific."

Others say that Canada should change the way it calculates its inflation rate to better include housing prices — which have risen more than six times faster than the general inflation rate since 2000.

A clearer picture of inflation
Such a change could give the government a better sense of the increase in living costs facing Canadians, according to a new report by the non-profit research and advocacy group Generation Squeeze.

A report by the group released last month called on Statistics Canada to review how it factors housing prices into its inflation numbers. Inflation is currently calculated using the consumer price index, which does include rent and mortgage costs.

"It's alarming that the relentless escalation of home prices has had seemingly little impact on reported levels of inflation, because rising prices have increased un-affordability for anyone who didn't already own a home, while creating wealth windfalls for those who already did," Generation Squeeze said.

The report said a change to that calculation would give policy makers a more accurate sense of housing prices, making it easier to craft policy to improve affordability.

"Increasing housing supply, revamping tax policies and protecting renters are all important — and so is ensuring that accurate information about inflation drives our monetary policy," Generation Squeeze said.

Holy fuck, 700k average price of a home.

 

[Sharlegail]

Once single TAX will bring those prices down like an avalanche.

Freaking investors have no business in buying residential properties. If a regular family pays 1% of the homes value in taxes, a business should pay at least 5% since its primary goal is not to habitate it but to profit from it.

We will see how the market will self-regulate pretty damn fast.

Rent prices will go up immediately everywhere, as renting out is a business

 

[singhno]

Has anyone checked this out? A misrep case due to not including sibling.

https://www.canlii.org/en/ca/irb/doc/2018/2018canlii129883/2018canlii129883.html?searchUrlHash=AAAAAQAWTWlzcmVwcmVzZW50ZWQgc2libGluZwAAAAAB&resultIndex=19

man these Immigration courts are brutal.

 

[ElvisRamaj]

Rent prices will go up immediately everywhere, as renting out is a business

Well, lets consider an appartment in Toronto for example, priced at $500,000:

- With a 1% yearly property TAX, the owner (no entity, just one person or a couple) who owns just this appartment in Canada, will need to pay $5,000 in taxes every year just for the property. An increase in 2% for second home, 3% for third home, up to 5%.
- Now a business that owns that same appartment, will have to pay 5% in property taxes per year amounting to $25,000. How much do they need to increase the rent to make them profitable ?

The absolute goal for residential homes/appartments/condos is to be just that, to be used for living inside 365 days per year and all of them.

You either build to rent or to live, you can not mix one and another.

 

[Psyoptica]

Has anyone checked this out? A misrep case due to not including sibling.

https://www.canlii.org/en/ca/irb/doc/2018/2018canlii129883/2018canlii129883.html?searchUrlHash=AAAAAQAWTWlzcmVwcmVzZW50ZWQgc2libGluZwAAAAAB&resultIndex=19

man these Immigration courts are brutal.

This was a textbook case of marriage fraud. She got what she deserved.

 

[slavicgirl]

Rent prices will go up immediately everywhere, as renting out is a business

rent is tied to wages. If wages go up rent follow. And as it seems wages are increasing so rent will surely follow.

 

[Sharlegail]

Well, lets consider an appartment in Toronto for example, priced at $500,000:

- With a 1% yearly property TAX, the owner (no entity, just one person or a couple) who owns just this appartment in Canada, will need to pay $5,000 in taxes every year just for the property. An increase in 2% for second home, 3% for third home, up to 5%.
- Now a business that owns that same appartment, will have to pay 5% in property taxes per year amounting to $25,000. How much do they need to increase the rent to make them profitable ?

The absolute goal for residential homes/appartments/condos is to be just that, to be used for living inside 365 days per year and all of them.

You either build to rent or to live, you can not mix one and another.

That could work, it is interesting why such policies have not been introduced yet elsewhere. Perhaps there is a reason. It seems like the main reason is a huge lobby in the government against it.

In Russia just recently happened real estate crises, with almost all real estate prices rising 50%. The reason - subsidized mortgage rate for newly constructed houses. Newly constructed houses represent 10% of all the real estate market. Government essentially created a huge demand for a small portion of the market that lead the prices for these type of real estate to sky rocker and other part of the markets repriced as well. Government blamed investors for this fiasco, but essentially real estate lobbyists are to blame. Subsidized mortgage rate could have worked nicely if applied to the whole market, not an oligopolized fraction of it

 

[Sharlegail]

rent is tied to wages. If wages go up rent follow. And as it seems wages are increasing so rent will surely follow.

Also rent is only a fraction of household expense in Canada, varying from 10-30%. There is room to grow even without growth in the income

 

[GandiBaat]

Has anyone checked this out? A misrep case due to not including sibling.

https://www.canlii.org/en/ca/irb/doc/2018/2018canlii129883/2018canlii129883.html?searchUrlHash=AAAAAQAWTWlzcmVwcmVzZW50ZWQgc2libGluZwAAAAAB&resultIndex=19

man these Immigration courts are brutal.

There is more going on in this case than just forgetting to declare a sibling...

There has a failed refugee claim by the said sister. There is a marriage that lasted for 3 more months after PR... The question arises when a person is applying for PR is : does this person fulfill the criteria of stream s/he is applying for, thats your basic eligibility. This person here clearly does not. She hides her sister who is a refugee claimant in Canada (to ensure that she is investigated for other possibilities). She enters in a short marriage which looks suspiciously like marriage of convenience. She later uses the spousal stream to bring another person husband to Canada. Smells like case of fraud to me.

 

[ElvisRamaj]

rent is tied to wages. If wages go up rent follow. And as it seems wages are increasing so rent will surely follow.

Everything that concerns pricing from products to rents, to anything really is connected with the government's ability to print money.

Example:

Increase money printing -> makes money less valuable -> inflation goes up -> after everything finishes to increase in price, hopefully wages may follow

 

[slavicgirl]

Everything that concerns pricing from products to rents, to anything really is connected with the government's ability to print money.

Example:

Increase money printing -> makes money less valuable -> inflation goes up -> after everything finishes to increase in price, hopefully wages may follow

Interesting few years are ahead from a financial point of view. Will central banks let house prices and stock market crash or let the inflation continue? My bet is that they will choose the latter.

 

[Sharlegail]

Interesting few years are ahead in a financial point of view. Will central banks let house prices and stock market crash or let the inflation continue? My bet is that they will choose the latter.

Yeah inflation is actually beneficial for the government