I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@@Susanne-zuku Alice Marie Coraggio is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance
this is very true, the only residents in B.C that are profiting from this are the retired baby boomers who purchased their homes some 40 years ago and are now cashing in, while the rest of us gen-x, millennials and a few others are struggling to make ends meet....
I understand that real estate in Vancouver is many times more expensive than Edmonton, but I can't understand why the cost of building in Vancouver is so much more expensive than Edmonton. It is a total rip off, and it has started to surfaced
@@kimberleyhunter6815 If thats the case..then imagined how worst Justin has added to it...The triple triple.. TRIPLE taxes are destroying...Not building up!!!.its really going to get much much worst because of Justin! Pretty soon a lot of people will not be able to afford their homes...yes, ALL thanks to Justin!
@@kimberleyhunter6815 since Trudeau took office in 2014 Housing has effectively doubled in price. Leaving us to the only conclusion that he has done nothing
You know this is happening worldwide for like 2 decades now lol. Unless Trudeau is the prime minister of the world and somehow a time traveller, I don't think this is his doing.
To Cromandel, I salute you with a raised leg, and a blast of hot air from the holding chamber. I borrow this salutation from the great Pete Mansbridge. Immediately after he would remark, "thanks for watching." Pete always got the giggles when he did that.
As they said, most of the properties are built for investment. What happened with actually buying and living in a home? Oh yeah, with all of them being bought out by property investors instead with deep pockets, prices have skyrocketed above wages and are now stupid beyond belief.
Just a new developer from China trying to run before it learn to walk. Trying to play with the big boys by expanding way too fast before learning how to navigate through the cities web of red tape.
Nobody knows about interest rate go up!!!!! Come on This happen in sept 2019....when the repo market jump at 10%.......first signal This is why I paid my last income property in 2018.......thru my manufacturing business...i have to deal with 8% inflation rate with the raw material. Now is 12%....... KeepSleeping....the wake-up will be brutal
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Christina-Gisela That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Christina-Gisela I will give this a look, thanks a bunch for sharing.
@@Susanne-zuku Alice Marie Coraggio is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance
keep your advice to yourself. no one cares.
this is very true, the only residents in B.C that are profiting from this are the retired baby boomers who purchased their homes some 40 years ago and are now cashing in, while the rest of us gen-x, millennials and a few others are struggling to make ends meet....
"Only when the tide goes out you find out who has been swimming naked" - Warren Buffet
They’re building now 😊
Interest rate will going down in large scale than what you expect now
Canada is so expensive it is ridiculous
Better not be using any of My tax money to bail out greedy developers or real estate speculators
well they kind of have to, thats how construction bankruptcy works with half done stuff. and we have a housing crisis
Chinese developers are they even Canadian?
How can you go bankrupt in the best paying markets in the world? Unless you corrupt , and sit on the Vancouver city council!!!
with all the taxes lines up
Nobody knew that interest rates would go up so fast, except for the people who raised it
I understand that real estate in Vancouver is many times more expensive than Edmonton, but I can't understand why the cost of building in Vancouver is so much more expensive than Edmonton. It is a total rip off, and it has started to surfaced
Gotta love additional taxes and red tape
Thank Trudeau for this mess!!! and its going to get much worse!
Building development was a mess before Justin Trudeau was PM.
@@kimberleyhunter6815 If thats the case..then imagined how worst Justin has added to it...The triple triple.. TRIPLE taxes are destroying...Not building up!!!.its really going to get much much worst because of Justin! Pretty soon a lot of people will not be able to afford their homes...yes, ALL thanks to Justin!
No bud thanks Chinese realestate scams pushing up our homeland with offshore money
@@kimberleyhunter6815 since Trudeau took office in 2014 Housing has effectively doubled in price. Leaving us to the only conclusion that he has done nothing
You know this is happening worldwide for like 2 decades now lol. Unless Trudeau is the prime minister of the world and somehow a time traveller, I don't think this is his doing.
To Cromandel, I salute you with a raised leg, and a blast of hot air from the holding chamber. I borrow this salutation from the great Pete Mansbridge. Immediately after he would remark, "thanks for watching." Pete always got the giggles when he did that.
It’s all about greed. I feel sorry for the people that put money down. Kiss that goodbye
Developers are cons
Is that 1/8" plywood they're using to build those condos? Even on my son's tree fort we used 1/2" ply.
The smartest thing before signing the contract rewrite it yourself if they sign it that’s the contract
Pre-sales are a bad deal. Stay away. These companies should be smarter about how they finance their projects.
greedy criminals seem to be attracted to housing.
As they said, most of the properties are built for investment.
What happened with actually buying and living in a home? Oh yeah, with all of them being bought out by property investors instead with deep pockets, prices have skyrocketed above wages and are now stupid beyond belief.
Why would anyone want to live in a disgusting city that’s lost all of its nature & natural beauty?
who are the principals in this development company ? Name them.
I'm wondering how much Chinese involvement in these projects
let them go bankrupt. you guys don’t help citizens out. them going bankrupt will help everyone
Just a new developer from China trying to run before it learn to walk. Trying to play with the big boys by expanding way too fast before learning how to navigate through the cities web of red tape.
This problem stems from a corrupt city council
Nobody knows about interest rate go up!!!!! Come on
This happen in sept 2019....when the repo market jump at 10%.......first signal
This is why I paid my last income property in 2018.......thru my manufacturing business...i have to deal with 8% inflation rate with the raw material.
Now is 12%.......
KeepSleeping....the wake-up will be brutal
Public housing opportunity
Good job ndp voters
Boo Hoo
Let's hope for more misery 🙏..
for you 🙏..
That’s what you get for voting liberal
Housing Crash💥 📉