A Canadian Tamil writer - 'Sharing knowledge with everyone'
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Monday, December 11, 2023
My Thoughts on Current Housing Affordability in Canada
This is my viewpoint on housing affordability in Canada. In my opinion, the primary reasons for the current housing situation are as follows:
The Bank of Canada maintained the interest rate at very low levels for an extended period. This resulted in increased accessibility to housing for individuals with limited funds, thereby boosting demand.
Concurrently, emerging technologies like Airbnb provide homeowners with a convenient tool to rent their properties, generating a reasonable income. This encourages property owners to retain their properties instead of selling when acquiring new ones.
Increased immigration has also contributed to the unaffordability of housing, escalating demand from newcomers for both renting and owning properties.
Subscribe to:
Posts (Atom)
"Two Women" – A Film That Reveals the Horrors of War
The Italian actress Sophia Loren is one of the finest talents to have left a mark on Hollywood. When people hear the name Sophia Loren, many...

-
English Translation from Tamil The Modern Vikramadityan! Who mocked from within? Who mocked from within? Each time, without fail, Your laugh...
-
On this wondrous blue planet, No matter which direction I gaze, I witness it engulfed in flames of conflict. Outside, you collide with one a...
-
V. N. Giritharan's Song: " You Made Me Feel Love! " - English translation of the Tamil song written by V.N.Giritharan. Music ...