Housing Affordability across Canada, Best and Worst
(media.omegacanada.win)
Comments (18)
sorted by:
When you can park your money in multiple $5-$10 Million dollar homes to keep it away from the grabby hands of your home country, they are no longer homes but giant poker chips.
And when you can launder millions more by selling to shell companies, offshore corporations, or your friends, the whole thing becomes even more ridiculous.
Funny how a "student" can afford a mansion, or someone with a declared annual income of $9000 has a giant house, luxury cars, and lots of spending money. Why the CRA isn't going after this, since it would be a windfall for the government. Nope, better nail granny who forgot to declare $500 of pension income.
You couldnt find a place to live when I was in thunder bay a decade ago. Last time i was there it seemed like the population is 30% east indian now. I cant imagine its any cheaper.
Was there over the summer, it is SUPER brown up there now due to all the immigrants attending Lakehead.
Sort of.. it’s also leading to suppression of wages. Indian software engineers will do higher level work for lower level pay, and then the whole market value goes down.
Then corporations complain they can’t find skilled workers (who will work for entry/intermediate pay) which justifies importing more skilled workers
We educated one of the most successful African-Americans after he left South Africa and before he went to the US, Elon Musk.
The affordability stems from the ratio of prices to incomes. The salaries there much better pay for the housing.