🧵#Canada's politicians have been talking a lot about #affordablehousing.

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!

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

@RE_MarketWatch @ronmortgageguy @RE_MarketWatch @ronmortgageguy What happens if you bump up your #rental budget to $1600? You now get 15 choices, IF you include the ONE in #Mississauga.