Matt Pukas
Region: CA
Sunday 15 June 2025 17:12:28 GMT
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Audiocat :
The reason real estate was out of control because there were no front end taxes discouraging foreign ownership. Singapore has 60% foreign ownership tax. That diverted alot of investment into Canada.
2025-06-15 20:37:06
30
Bussoverlooked :
It started in the 90s, mostly in Vancouver. Essentially real estate was used by criminals and foreign agents to launder money. Banks approved any mortgage with 40-50% deposit. G&M did an article on it
2025-06-15 18:09:58
61
dipidy :
in ontario it's cause of the places to grow act
2025-06-17 17:42:56
2
my.name.is.nobody38 :
It’s an inflated Ponzi scheme
2025-06-16 09:43:48
12
Nomad :
This all started in the early 1990’s and hasn’t stopped since then. It was international investment into housing market. Foreigners were purchasing multiple home in cash in Vancouver. That’s where empty house tax was implemented in last few years
2025-06-16 07:58:44
7
tatamoncada4 :
There isn't just one reason. Yes low interest rates along with tax advantages makes RE one of if not the best tax advantaged investment which leads to increased prices. There's also immigration overflowing our infrastructure, these people are used to bad conditions and will out bid any couple for a 1/1 cause they share it with 4 people which is normal to them, there are too many reasons to fit in a single comment anyways.
2025-06-16 19:08:55
3
Jennifer Morgan :
Who can buy a house 🏠 for 1.6millon these days😳 🤔Greed!!
2025-06-15 20:35:05
4
Kperzz :
the reason is called greed
2025-06-16 02:18:45
7
Very❤️Kerry🇨🇦 :
Ummm… and also our wages have never gone up with inflation !? Everything not just homes ! The only thing that has not gone up is wages…. The cost to build a house right now is very close to what they sell for (builders make about 10%).
2025-06-15 22:20:12
3
🎀 Punjabi Barbie 🌸 :
And than property taxes sky rocket 🚀 because what should be a $300,000 home is now “worth” $900,000. It’s ridiculous 🤦♀️
2025-06-16 20:43:20
3
nimkee21 :
Right so influx of cash causes markets to go up. Nothing new here
2025-06-15 19:14:49
1
Luke :
BANKS give you more money - the seller gets to sell high
2025-07-24 04:46:33
0
olalola136 :
I don't know who research the market but a lots of people were flipping their first residence every year making between 50-100 k tax free instead of working .Who would more power to them When market was a hot .
2025-08-13 15:50:59
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Chip :
the consumers drives the prices they don't need to buy greed takes over and they also drives up property tax same scenario with all goods cars food white goods
2025-07-30 12:17:31
0
Ali Naqvi (Canada) :
You don’t know the reason. Let me tell you; it was greed that hiked the prices. Now all they are left with is high monthly mortgages and more debt to service these debts. That is why sellers are now panicking and rightfully so. Advise to sellers: Sell before you lose the imaginary equity.
2025-07-11 13:29:08
0
Josh OBrien :
lots of foreclosures coming
2025-07-15 16:16:03
0
Amarone2010🇨🇦 :
This is a simplistic explanation of the problem. Certainly, foreign investors and low interests rates were the accelerants for a market that was already inflationary. Without a discussion of the Nixon Shock and the neo-liberal economic policies that followed it, this discussion is too superficial. Leaving too much money in the hands of the already wealthy through tax cuts during the 80’s and 90’s eventually led to a growing wealth gap and asset inflation which was made worse by low interest rates and foreign investors. Compare the graphs of rising government debt, rising wealth inequality, and house prices and they practically mirror each other. Every property started as untaxed money. If we didn’t have all those tax cuts following the Nixon Shock and, housing would be far less expensive.
2025-06-15 21:21:36
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Very❤️Kerry🇨🇦 :
And .. we need rentals. For those that can’t afford to purchase… we need landlords… why is the so bad ?
2025-06-15 22:25:31
1
outoftime80 :
now you loose money, not an investment anymore. Just like driving a new car off the lot
2025-06-16 13:39:35
0
Elise Boulanger Music :
Great post
2025-07-10 06:08:33
0
Jeff Dinsmore-Mortgage Broker :
We have overbuilt micro condos so supply for those units have been overproduced. But since we can
2025-06-16 15:34:57
0
. :
Reason is government don't want people to save money more than just basic needs
2025-06-16 17:10:50
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Matthew :
I would argue real estate values have more to do with how much it costs, actually cost to build a new house. As the cost of building materials goes up the building materials that are in a current house increase in value. The other problem is the general population is not being paid enough The value of our dollar keeps going down so we have to work harder to buy that 2 x 4.
2025-08-19 12:51:15
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Ayeni M :
we became too greedy.
2025-07-12 09:38:04
0
Chickiepie :
It's because banks allowed people to borrow so much money. Pasalis doesn't call it out directly. No one does and we need to find out why.
2025-06-16 08:54:46
0
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