Picture this: You're the average #Canadian, which means your take home pay after taxes is $4000 a month. Ontario is expensive, so you allocate $1400 a month to #rent an apartment in the #GTA. These are your SEVEN choices as of March 30th, 2023
So now you're desperate, you decide to allocate HALF of your take home pay to rent, which is $2000. Doing so, you've upped your prospective apartment rentals all the way too....58 listings. How can we make it more clear that things are truly desperate for the average 🇨🇦?
So now you think, "well the #GTA is just to expensive. Maybe I can go to #Hamilton. Sure it's a long commute to the city, but I should be able to afford an apartment there & get below $2000". Here's the 23 choices you have as for March 30th 2023
Everyone needs and should have a roof over their head, but no working #Canadian should have to go into debt to do it. This is unsustainable, FULL STOP!
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But, to quote @ronmortgageguy "All Levels Of Government Talk About AFFORDABLE Housing But None Of Them Will Ever Say Houses Prices Must Come DOWN"
Why is this? Could there be a conflict of interest?
Below is a list of #Ontario politicians that meet 1 or more of the following criteria:
1) #residentialrental property that they earn an income from 2) residential rental property without disclosing any income 3) non-residential property 4) other involvement in #realestate
Let's talk about buying a 🏠 in #Markham#Ontario.
At today's fixed rates of 4.5% & a 30 year amortization, a 750k house with 20% down will give approximately a $3000 per month mortgage. Currently, there are ZERO houses in Markham available for 750k.
Notice there are also zero properties available in #RichmondHill & #Vaughn. So let's up it to $850k. The result is....yup, still ZERO!