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#toinfinityandbeyond

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"But despite the rate cuts, Wright said people are looking to downsize from their current homes because they can no longer afford their mortgages and are 'hoping the rate cut would make their properties more appealing to potential buyers.'"

#ToInfinityAndBeyond #YouThinkItsBadNow

Even 50-bps Bank of Canada rate cut could wash over financially stressed consumers, survey suggests
ca.finance.yahoo.com/news/even

Yahoo Finance · Even 50-bps Bank of Canada rate cut could wash over financially stressed consumers, survey suggestsBy Gigi Suhanic

"Singapore’s housing model, where the government plays a dominating role in land ownership, property development, financing and other related aspects of society ..."

Here, that's basically called communism. So not replicable since the useful idiots would never allow it, even in BC. Nothing can help Canadian housing, it's rewriting the "rules" of economics with the forever bubble. #ToInfinityAndBeyond

Singapore has a housing model that works. Can Canada replicate it?
globalnews.ca/news/10683373/si

Global News · Singapore has a housing model that works. Can Canada replicate it?By The Canadian Press

"the rental rate ... would be going up by 83 per cent." 🤯

"Without strong policies to level off the power disparity between landlords and tenants, rent will continue to eat first in Alberta. As the province’s population continues to surge, landlords are finding themselves in a position that allows them to increase their profit for as much as the market will bear."

#ToInfinityAndBeyond

Calgary tenants shocked by heavy rent increases
theglobeandmail.com/real-estat

Unpaywalled archive.ph/nRFEc

The Globe and Mail · Calgary tenants shocked by heavy rent increasesBy Ximena Gonzalez