Speed of approvals is the #1 issue: Mattamy Homes Canada’s CEO Brad Carr
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- Опубліковано 16 кві 2024
- Brad Carr, CEO of Mattamy Homes Canada, and Carol Stephenson, director on the board of R B Global and Mattamy Homes, join BNN Bloomberg to discuss the housing-related announcements in this year’s federal budget. Carr also points to the shortage of skilled labour as a stumbling block for builders. Stephenson notes the much faster timelines in the US for delivering housing supply and says she is sceptical about meeting the government’s housing targets. She also questions measures announced by the government to increase demand while supply continues to be a big issue.
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fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Trades don't get paid enough to build your homes, we trades always get screwed over unless you are a owner of the company
What about propping up trades in high schools! Educate our kids!
Our school system shut techs down. They drop that ball a long time ago....
In grade school when I was 18 about a decade ago all the liberal teachers told us trades were useless
told us plumbers and electricians would be your life if you didnt get a degree
No they don't teach our children anything they actually need...
Don't teach how a credit card works,
or a mortgage or a student loan or how to do your own taxes.
should know all of these things. CONTROLLED INDEBTED is the way they like you.
It's Not by mistake.
Prefab or modular or "manufactured" housing doesn't require skilled labour anywhere in the supply chain. Experts in the industry say that unskilled labour is used in the home parts factory as well as on the construction site. An indoor setting (factory) improves quality control and the building of these homes is like building Lego, the 'skill' is largely taken out of building the home as the parts are manufactured as idiotproof parts.
We need the right immigration, and we need to go back to normal 1/3 rates of pre Trudeau immigration. Trudeau has doubled immigration every couple of years. We don’t have the houses, hospitals, schools, Universities, or social programs to support what will be 2 m new Canadians every year.
Fuck the tax and rebates. Roundabout way for me to keep my own money.
Transit infrastructure has not kept up with growth, building single family homes will never match the needs of young families and immigrants, time to go back to 20-30 storey, 3-4 bedroom, 500-600k apartments with normal amenities (no lavish swimming pools and gyms) closer to city centres, single family homes will continue but this mix of apartment style homes is the only solution to increase supply to meet the targets.
Extremely high immigration is the number one issue. A builder isn't going to say anything to reduce the artificially induced high demand though.
Government needs to address the low fertility rate. Immigration isn't going to fix the root problem overreact indefinitely.
Lol no, it’s not the number 1 issue. However it is definitely up there
I can guarantee the house building program will greatly disappoint. The only reason they can't cut immigration is because they only pursue Infinite Growth for profit at the expense of the people at the bottom of the Ponzi scheme.
The lies of no trades lol. There is enough trades maybe look at the rates these corporations are paying the trades? With a 30 to 45 day hold on payments to the rates they pay the trades. For instance a drywaller gets paid 12 cents a board foot which non corporation builder 18 to 22 cents a board foot. This is the biggest issue with trades. If the corps are getting fed ,money with no gst on builds to no gst on building supplies and equipment this is just greed
I don’t see what “permitting” has to do in developments that take years to finish building new communities. Many developers simply slow roll their build for their own reasons. These developer experts will never say “we’re sitting on the land due to our own financing problems.” And buyers are losing their shirts running a mortgage on an unbuilt home for multiple years, basically financing the developers who are not using the money to build the house.
There is enough skill labor but your supers dont know how to schedule trades, your sites are shit show
No that is noy true.
They want to bypass everything.
Speed of approval is not an issue.
No, the problem that Trudeau has created is far too big for the nation to fix any time soon. Currently there are 1.6million construction workers in Canada, 88% being male. About one third build new homes, the rest build infrastructure, repair old homes and so on. Unemployment is low in the construction industry. Canad produces, on average, less than 200k houses per year. Trudeau needs to immediately jump to 650k houses per year to build 4million homes by 2031. That is a factor of 3.25. So we'd need 1.6x3.25million workers or 5.2million construction workers, Bloomberg, or do you expect houses with no streets, power or sewage? There are a total of 6million males between the ages of 22 and 45 in Canada. Do you sense that there might be a problem with Trudeau's plan?
The guy guest speaker was totally out of touch. The flood of immigration from India is one of the main issues for the housing crisis. Many with high paper faked education are working in Walmart, Tim Hortons. They increase the housing demand, but can’t afford buying a property. Developers have hold off developments due to lack of buyers
These large builders are hoarding all the land. Plus they want to maximize the profit on each house. So the biggest houses they can build on a lot...Nothing affordable being built.
Get your facts straight. Developers build what sells. Without developers who will move large scale developments forward? Mom and Pops can't do that, it take many millions of dollars. Without them there will be no new housing.
@@DF-hu1jx stop don’t bother, these liberal/NDP socialist that live off our tax dollars are not worth our breath
@@DF-hu1jx They build what will maximize profit for that land. Mattami and other big builders have land they won't develop for another 20 years. It also why housing builds have dropped this year.If it doesn't fit there plans, they wait until it does.
Bullshit! The trades were ridiculed forever and looked upon with distained from the people in power to the people in the streets. I grew up in the trades and worked 40 years plus hands-on and managed multi-million dollar projects when a million dollars did amazingly amount of progress. It is down to the fundamentals. High school should produce apprenticeship programs geared towards life in the trades with pride and no shame. Math. Blueprint reading. Safety. Project planning. Basic problem solving. I witnessed firsthand when the local high schools in Ontario ripped out the trade shops. Pounding on the table that there was no future in trades and everyone will work on computers. Well , what happens when things break?
Your car, house, driveway, roof, plumbing,industrial equipment, food processing equipment,mining equipment,roads, or commercial infrastructure. In Europe, the trades were monitored and followed and inspected for quality workmanship to prevent fly by night wannabes of making hazardous mistakes. We have some of that in Canada. But we also have unscrupulous characters in this field also which is very dangerous for the masses. As for building homes or communities, we have too many people who think that they know better and drag the project out to collect money for themselves, adding unnecessary costs to everyone.
So many unused homes near me.Are the rich boomers hoarding real estate.
"we need to think of immigration as a solution to the housing crisis, not a cause"
lmao
he lost all credibility there.
Unionized govt employees is a problem. They are by far one of the laziest inefficient group of ppl.i have ever seen and there is no.metric to measure their performance.
How about not adding more demand on the front end while bailing out over leveraged buyers on the back end. GTFOH I hate Bloomberg
Mattamy Homes is by far the worst home builder i have ever seen in my career.
True, I would say centennial homes in welland. I lived in a house that was built in 2021 and the brick was cracked in the back side of the house that wrapped around the corner in 2023.