TORONTO — A new poll done for CIBC says 76 per cent of Canadians who don't own a property say entry to the housing market feels out of reach. The bank says the online survey done in February found that 70 per cent of non-owners cited overpriced markets as one of the main barriers to achieving their homeownership goal, while 63 per cent cited the inability to save for a down payment. The poll also found that 55 per cent of non-owners said they'll only be able to afford a new home with an inherita
  • @SamuelRJankisEnglish
    3•8 months ago

    disgusts me that all too many of my fellow Canadians have so little clue as to how the system works that they blame the Federal Government

    What disgust me is that every time I criticize the Conservatives people think I blindly support the Liberals and every time I criticize the Liberals people accuse me of being a Conservative supporter as if there was only 2 parties in this country. For anyone wondering we’ve had more the two parties regularly since 1921.

     

    Also you prove yourself wrong in your next paragraph.

    … little clue as to how the system works that they blame the Federal Government

    Just today we’re seeing the Premiere of Alberta attempting to halt some of the Federal Governments deals with the municipalities to enhance housing supplies — purely because if they let the Feds provide assistance they won’t have a cudgel to hold against them anymore. It’s you don’t do enough to help and we won’t let you!

    It’s as if higher level of government can and do interfere with thing outside of their jurisdiction.

    BC: Municipalities will be forced to allow more townhomes, multiplexes and laneway homes

     

    The only policy solution to the current housing woes is more housing supply. And that’s ultimately in the hands of the Provinces.

    There will never be a supply solution as long as 99% of housing is built only for profit. We don’t even have a taxation system the favors housing development over flipping houses.