this post was submitted on 13 Nov 2023
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Vet technician, 33, is scraping by in a small city Ontario house her parents paid for: ‘It’s a lot of guilt’ (www.theglobeandmail.com)
submitted 10 months ago by [email protected] to c/[email protected]
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“It feels like I’ve been working harder and harder and sliding backwards down the scale,” she says.

Making $50k in a small town and still "scraping by" is scary. Maybe I'm just old, but I'd hoped that kind of income would be enough for some kind of comfort.

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[–] [email protected] 2 points 10 months ago (1 children)

For this to be true all immigrants would have to be wealthy enough to be able to scoop up all supply of homes in Canada.

No, it would require them to rent houses. Investors buy all the houses because they can reliably rent them. If they couldn’t, their business case would be completely different. They wouldn’t be buying houses, and they certainly wouldn’t be paying so much.

Further to this, so many renters places upwards pressure on rent prices.

Then we have to accept that some consequential proportion of immigrants do indeed buy houses, and place upward pressure on house prices.

We agree it’s a complex system, but I do not agree with your implied argument that supply and demand doesn’t exist for housing in Canada. Clearly it does, and higher demand increases both rent and housing prices.

[–] [email protected] 1 points 10 months ago

your implied argument that supply and demand doesn’t exist for housing in Canada

Not sure how you could figure this was at all implied. What was implied was that you are hateful of people not like you, and essentially making the "they took our jerbs" argument but for houses.