Your examples just prove me right? The only one that went from $500k to $2M was a 2004 sale compared to a 2023 sale.

Where’s your 2015 house for $250-300k? Your 2004 house is $500k already.

Been hittin that weeeeeeed too hard bro

Well sure, I was a bit off but my point remains 500 to 2+ In under 20 years with 75% of the gains happening in the last 6 years

I have definitely come across some examples closer to my original post but it’s hard to find those without an active listing to go off

Not true. That house was an easy 1.5+ by 2015 sorry man.

Show me any detached house in east van that was below a million within the last 6 years let alone the $500k you’re now claiming which is already double the original claim.

I disagree. 2016 was the tipping point. I watched it happen live. Followed many listings from the winter of 2015 into the summer of 2016 as I was actively involved in buying and selling properties in that time

It’s crazy to say but that house didn’t *only* gain 500k in that time

It’s a big deal, but this isn’t liberal policy driving home prices. It’s global economics, it’s cheap borrowing all over North America, it’s income inequality rising exponentially. Libs need to put policy in place to fix it, for sure, but again, they aren’t causing it, it’s just theirs to solve now.

Always with the voice of reason :rukidding:

:lol

And you think the Conservatives will do any of that?

Again, you can’t do much worse on those issues then we are now.

Yah not much worse. Could have always destroyed human rights by banning gay marriage or making abortions illegal along with what’s already happening.

:suspicious:

So you want to nationalize oil like Venezuela because it's getting to expensive for you to fill up your truck but you don't want the government to do anything about dental because your work provides it. Seems like you only want the government to focus on problems you have. That's not how government works. I wonder what your take on ICBC is?

You aren't a bit off, you are way off. Based on your examples it doubled in 8 years whereas you are saying it went 6-8x based on this statement:
"From 2015 to today, I’ve seen a tonne of sales that were 250/300k that are now touching 2 million"

Stop trying to spin this as a liberal issue. People want to live somewhere nice and Vancouver happens to be nice. Low rates don't help. Keep in mind Stephen Harper and the conservatives was in power for some of the years of explosive growth from 06-15 as well, this would have happened no matter who was in power.

That period of “explosive growth” is more than double the Trudeau years with less than half the total growth.

This whole concept of just like accepting this as being “Ok” is so bizarre? Lol.. you guys just think Trudeau is doing such a bang up job that all this just gets a pass?

You 100% cannot say definitively this would have happened under any other govt. because any other govt. almost certainly would have seen the writing on the wall and enacted changes far earlier than this one did. Federal pressure and action on lending, Foreign ownership, vacant homes, etc. would have almost certainly slowed or stopped the non stop explosive growth that’s happened what, 3 separate times under the Liberals?

The liberals loved the gravy train and this concept of boomers lining their pockets with gains so the strain on social security became less and less until there was this tipping point where they realized now no one can afford shit.

Oh well, I’m not worried, I’ll be fine. Sucks for other people though.

Crazy the budget hasn’t balanced itself yet, who would have seen that coming

There's not many stable developed country in the world right now that hasn't seen an explosive amount of growth in the RE sector. It's not great but many countries have used up their ammo fighting the 2008 recession. Nvm that what policies would you suggest that would lower the RE prices in Vancouver and Toronto that won't disrupt the development of the economy? Ban immigration? Ban foreign workers/students? Ban foreign ownership? Data have shown that real non-resident buyers make a very small part of the market. No one said Trudeau is doing a bang up amazing job but none of us believe that any other choice have made a difference. Trudeau aligns with my other desires such as not being a back-ass-wards country on issues like denying women's rights.

You also cannot 100% say that this wouldn't have happened under a different govt, so your counter argument is invalid in the same way. Again this "gravy train" started under Harper's conservative govt WITH A MAJORITY so this argument leans more in my favor than yours.

Covid has kind of fucked everyone up, surprise. All your arguments like to conveniently leave out the elephant in the room to make a point.

If you don't own a house yet you should really focus on buying some PNE prize home tickets that's probably your best odds of ever getting one.

Are the odds better than the lottery? :lol

Or just gamble on BTC :lol

I think the odds are 1 in 800k or so which is definitely better than winning the 6/49 or something lol, still horrible though.

Price increases since 2020
San Jose - 31%
scottsdale - 22%
Rochester - 170%
Boise - 38%
Vancouver - 19%
London (England) - 10%
Sydney, Aus 14% (since 2021)
It's not Canada exclusively.
I'm fully aware this doesn't paint the whole picture, as many places on the list like Vancouver were already horrendously overpriced, and many places were undervalued (maybe, or maybe they are just shitholes) but this is a problem in many places. If you are a conservative, you are voting for a party platform that is staunchly against measures to control markets by taxes or stipulations that interfere with the natural up and down of a market, so it's odd to demand that the government interject in the market in that regard.

Finally some honesty about Canada's housing crisis. MP Daniel Blaikie lays it out.
https://www.reddit.com/r/onguardfort...eb2x&context=3

This goes along with all the investment firms like Blackrock buying up entire communities in the US, creating a permanent renter class.

Canadian company owners 30k homes in the US.

Your boy blue...

"On election day in 2008, Stephen Harper declared that under a Consevative government, "we'll never go back into deficit." Five weeks later, he acknowledged that deficits would be "essential" if countries were to combat the recession caused by the global financial crisis.

The Harper government ended up running an annual deficit for six consecutive years. The sky didn't fall. In fact, it was later argued that many claimed the Harper government undermined economic growth when it cut spending to return to balance as quickly as it did."

https://www.fraserinstitute.org/site...ation-2020.pdf

https://i.imgur.com/XQeOU25.jpg

And that was BEFORE Covid lol..

All this means is substantially less money in your pockets. Especially if you don’t own the roof over your head. The attitude over the last couple pages seems like..I’d rather live in squalor with no hope for my children than even consider there could be a better option than the liberals lol

Keep in mind, there really have been no programs brought in during this time of insane debt collection and inflation that actually benefit your average Canadian. No affordable daycare, no dental care, no prescription drug relief, etc. nothing.

On top of all that it’s been nothing but non stop lies regarding the budget and deficits from the beggining:

https://torontosun.com/opinion/colum...tions-are-real

And if the Toronto sun isn’t to your liking maybe the financial post?

https://financialpost.com/opinion/wi...s-and-hellfire

Or that’s too “right wing” as well?

This isn’t about how good Harper was, it’s about how much of a joke Trudeau has been.

IMO the issue isn't about whether there could be a better option than the Liberals. Instead, the current reality is -- there really isn't a better alternative than the Liberals. Singh and the NDP? If that guy makes PM, he and his policies are gonna blow Turdeau out as the No.1 debt accumulator in no time. Poilievre and the Cons? They'll likely give us a slightly better budget, but then you'll be seeing all other sorts of nutcase issues happening -- our own version of banning abortion, MCGA -- Make Canada Great Again, climate change denial at the federal level, etc.

I should also point out that while $10 daycare hasn't happened yet (outside of Quebec), the federal government under Turdeau has signed some sort of affordable daycare deal with every single province in the country now -- Ontario was the last province to sign on with the federal gov, and they did it in late March. Anecdotally (since I have been thankfully out of that daycare game for a while now), I think daycare has also gotten a bit cheaper in BC.

Without a world war or economic downturn… what a convenient chart.

That said, I don’t think Trudeau is a genius by any stretch of the imagination hahaha

You mean like 2008?.. that article also has the war time chart below that one I posted. A non-partisan look at inflation and debt of every PM