[slickpete83]

Public policy idea: require colleges to demonstrate where new students will live, as a condition of expanding their enrolment. If there is an existing housing shortage where they are located, they must build new residences before expanding enrolment. Colleges need to take responsibility.

https://twitter.com/x/status/1685257937885798400

https://twitter.com/x/status/1685258856752988162

 

[slickpete83]

at least we are #1 in something

 

[evandyk]

So close to Frankfurt? There is nothing going on in Frankfurt!

 

[slickpete83]

^Frankfurt is a financial hub of Germany , a business city

 

[evandyk]

I was joking a little. I’ve been to Frankfurt twice and it’s a financial capital, but fairly sleepy even compared to Toronto.

 

[Bojaxs]

Interesting how the increase in the number of under construction homes going up in flames recently seems to correlate with the BoC raising interest rates.

Police release video of Brampton arson suspect

Peel police have released a video of a suspect they say is responsible for a string of arsons in Brampton.

toronto.ctvnews.ca

 

[slickpete83]

OMG , can you imagine getting this surprise

 

[slickpete83]

coming soon in Toronto walk until you qualify lol..

 

[dusk]

I don't have solutions.

What I can say is that my cohort of friends and I are feeling crushed by the state of the housing market. Housing 50km in any direction is beyond any reasonable sense of affordability. It's created a sense of deep resentment, and even depression in many I know. It's probably an underreported facet of this whole thing but people really aren't doing well. It feels like people are punished for not being given a golden parachute by parents. For those of us that have worked hard to get to where we are and even have a decent job, there's little to no hope in buying anything. $1M+ townhomes 50km away from Toronto is beyond insanity to me. End rant I suppose.

 

[afransen]

I don't have solutions.

What I can say is that my cohort of friends and I are feeling crushed by the state of the housing market. Housing 50km in any direction is beyond any reasonable sense of affordability. It's created a sense of deep resentment, and even depression in many I know. It's probably an underreported facet of this whole thing but people really aren't doing well. It feels like people are punished for not being given a golden parachute by parents. For those of us that have worked hard to get to where we are and even have a decent job, there's little to no hope in buying anything. $1M+ townhomes 50km away from Toronto is beyond insanity to me. End rant I suppose.

Townhouses can be had for $750-800k in Mississauga, at least.

 

[TheKingEast]

Prices coming down....Just need to have a good amount of cash on hand as rates are killer.

 

[slickpete83]

Ron Bulter of Bulter Mortgage is one funny insightful boomer when it comes to housing, even he agrees young people are screwed and we have a real problem

https://twitter.com/x/status/1679186431632179201

 

[slickpete83]

Townhouses can be had for $750-800k in Mississauga, at least.

true but with today's interest rates at +6% your monthly payments will be way higher then buying that at +$1 million with a lower rate and your hardly paying down any principal at 6%*

 

[slickpete83]

clever or crazy , you be the judge lol..
renting out the living room with fake walls OMG

https://twitter.com/x/status/1693422264127992306

 

[lenaitch]

clever or crazy , you be the judge lol..
renting out the living room with fake walls OMG

https://twitter.com/x/status/1693422264127992306

We don't get a really good look, but I imagine a building inspector, city bylaw department and possibly the condo board might have a field day with that.