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Better Dwelling

@BetterDwelling

20,925
Followers
242
Following
708
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Data driven housing news. Need to contact us? Hit us on our beeper or info @betterdwelling .com. #VanRE #ToRE

Vancouver, British Columbia
Joined January 2014
Don't wanna be here? Send us removal request.
@BetterDwelling
Better Dwelling
1 year
Dang ole’ rich Conservative & Liberal real estate investors. On an unrelated note, congrats to your spouse on the new rental property. 🥳 #VanRe
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@theJagmeetSingh
Jagmeet Singh
1 year
None of this is an accident. Conservatives and Liberals have let rich investors use housing as a get-rich quick scheme. Now their greed is so out of control that a 200 sqft “apartment” is going for $2000/month.
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@BetterDwelling
Better Dwelling
11 months
Toronto Real Estate Prices Drop As New Listings Surge 44% Higher #tore #toronto
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@BetterDwelling
Better Dwelling
1 year
A round of applause for 🇨🇦’s policymakers at all levels. The worst housing affordability in nearly two generations wasn��t possible without being laser focused on negligent governance. Bonus points for acting like it just suddenly happened.
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@BetterDwelling
Better Dwelling
2 years
🇨🇦‘s real estate is a bloodbath with home prices falling nearly $400k in the worst market. #ToRe #VanRe
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@BetterDwelling
Better Dwelling
11 months
Canadian real estate demand is so strong the project for the largest residential tower just defaulted & went into receivership.
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@BetterDwelling
Better Dwelling
1 year
Should 🇨🇦 require disclosure of assets held by leadership at publicly funded institution (i.e. universities, etc.)? Example: Uni leadership invests in real estate, and advocates for international student expansion, during a regional shelter shortage. Public business? 🧠👇
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@BetterDwelling
Better Dwelling
1 year
Let’s break this down. - 🇨🇦 First Home Savings Account (FHSA) is a “demand “inducement scheme,”which should be used to *increase demand* & prices for commodities. - 🇨🇦 estimates it will cost taxpayers $725m. tl;dr taxpayers are subsidizing down payments to raise home prices.
@SeanFraserMP
Sean Fraser
1 year
A lot of young people are concerned about whether they will ever be able to afford a home.The new First Home Savings Account allows 🇨🇦 to save up to $40K tax free for their first home, and it’s showing enormous uptake with young Canadians taking advantage already! For more info:
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@BetterDwelling
Better Dwelling
1 year
It's adorable how 🇨🇦 announced no more GST on rental housing construction & not one journalist asked the Fed how they plan to make up the lost revenue. 🙃
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@BetterDwelling
Better Dwelling
1 year
Bad news for mortgage borrowers. 🇨🇦 approved the RBC takeover of HSBC Canada. HSBC was one of the most aggressively priced mortgage lenders, driving competition. Even if you didn’t use them, you benefited from the Big Six trying to make sure you didn’t. #ToRe #VanRe
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@BetterDwelling
Better Dwelling
1 year
On the upside, most of 🇨🇦 has no clue how bad the G20 went. Mostly because 🇨🇦’s news link tax resulted in Canadians no longer being able to see local news on the world’s largest social network.
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@BetterDwelling
Better Dwelling
2 years
Canadian Real Estate Is Facing Disruption After 33 Years, With Mortgage Expert @ronmortgageguy #ToRe #VanRe host: @willjtran1 Full 📼:
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@BetterDwelling
Better Dwelling
2 years
Huge news for real estate. 🤯 BASEL III reform requires all countries to increase risk weight for investor mortgages, meaning institution will be required to reduce investor leverage. OSFI, 🇨🇦's bank regulator, confirmed this will happen in Q2 2023. #ToRe #VanRe
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@BetterDwelling
Better Dwelling
1 year
Toronto needing a bail out despite its real estate windfall is hard to believe. ...until you realize they know what they're doing. They're delivering discounted property taxes by getting the rest of 🇨🇦 to subsidize its property bubble by getting Fed funds.
@SteveSaretsky
Steve Saretsky
1 year
Toronto has endured an unprecedented multi-decade housing boom and it’s on the verge of insolvency. A colossal mismanagement of pubic finances.
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@BetterDwelling
Better Dwelling
3 years
Vancouver real estate is perfect for money laundering. It’s so perfect — organized crime has captured the luxury market, says @scoopercooper . His new book dives into this and how politicians ignored the issue for decades. #VanRe #bcpoli Full interview:
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@BetterDwelling
Better Dwelling
4 years
Canada's residential investment is now 9.43% of GDP. During the US housing bubble, residential investment peaked at 6.4%. The Canadian economy is now more dependent on real estate than the US was before the Great Recession. #ToRe #VanRe
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@BetterDwelling
Better Dwelling
1 year
The only bond stronger than a mother and its baby is the one between rising interest rates & pre-construction arson in 🇨🇦. Police seek suspect in a string of pre-construction arsons in the Toronto suburb of Peel. #ToRe #VanRe
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@BetterDwelling
Better Dwelling
1 year
Canada seems to be the winner of visa study permits from India, after Australia's ban. Context: Earlier this year, Australia's gov alleged 1 in 4 study permit applications from India were fraudulent, resulting in a blanket ban at some institutions.
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@BetterDwelling
Better Dwelling
1 year
Sorry, you want the government to build more international student housing? The solution to predatory diploma mills preying on international students since they pay 6x domestic tuition is... to make them more profitable? Great idea. 🤪 #ToRe #VanRe
@theJagmeetSingh
Jagmeet Singh
1 year
International students are invited to this country to get a good education - instead, they're struggling to find a home. Governments & universities need to build more student housing - so students aren't competing with bankers or lawyers for a $3000/month one-bedroom apartment.
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@BetterDwelling
Better Dwelling
1 year
People are angry that politicians don’t have a plan to fix the cost of housing for the Middle Class. Just spitballing, but what if it’s as simple as not stimulating excess demand? 🤷‍♂️
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@BetterDwelling
Better Dwelling
1 year
The narrative in🇨🇦 is that higher interest rates are driving rents higher, and therefore interest rates should fall? Great! Let's return to low interest rates & 30% y/y growth for home prices... for affordability.
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@BetterDwelling
Better Dwelling
3 years
Drug banks. Corrupt officials. Canadian real estate. A preview of our interview with Sam Cooper, author of Wilful Blindness. Drops next week. Make sure you’re subscribed. 👇 #VanRe #ToRe
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@BetterDwelling
Better Dwelling
2 years
I wonder how high mortgages rate are. Mortgage rates:
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@BetterDwelling
Better Dwelling
1 year
🇨🇦’s young adults should stay nimble & ready to move, instead of inheriting cities on the brink of failure. The Greater Toronto suburb of Markham is raising property taxes by 6.4% in 2023… …then bizarrely plans to increase property taxes by 93.3% from 2024 to 2026?! 🤪
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@BetterDwelling
Better Dwelling
10 months
Canadian real estate temperature check: The head of the CMHC, 🇨🇦's national housing agency, just left her role 3 years early.
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@BetterDwelling
Better Dwelling
2 years
Are Canadian home prices rising unusually fast? 🧐🤯 #ToRe #VanRe
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@BetterDwelling
Better Dwelling
1 year
If he keeps helping, we can hit a mil by next election.
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@JustinTrudeau
Justin Trudeau
1 year
From building more homes to helping you save, here are four things we’re doing to make housing more affordable:
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@BetterDwelling
Better Dwelling
2 years
Is Canadian real estate a bubble? 🤔 BMO‘s @RobKavcic explains they warned the Bank of Canada had to do something at the start of 2021, but they acted at least a year late. Killer interview w/ @daniel_foch & @willjtran1 . Full video 👇 #ToRe #VanRe
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@BetterDwelling
Better Dwelling
1 year
Honest question for @HonAhmedHussen . How does a policymaker in charge of affordable housing buy investment properties—thus betting against their performance?
@HonAhmedHussen
Ahmed Hussen
1 year
Now is the time for solutions, not political theatre. While Pierre Poilievre & the Conservatives are focused on cuts & far-right rhetoric,we are focused on one thing: bringing everyone to the table to get the affordable homes Canadians need, built now.
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@BetterDwelling
Better Dwelling
3 years
Probably nothing? 🤷‍♂️ Canadians believe home prices can’t fall, so they’re increasingly leveraging their home to buy another. … and another, and then a couple more, says veteran mortgage broker @ronmortgageguy . #ToRe #VanRe Full interview:
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@BetterDwelling
Better Dwelling
1 year
@liberal_party Fun policy to discuss! It returned to 65, but at a higher CPP contribution. Young adults lost a point of income to fund those closer to retirement. bonus: the avg. home buyer is 37 & 1 in 4 mortgages are 30+ years. At 65 they won't be retiring, but paying off a 400 sq ft condo.
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@BetterDwelling
Better Dwelling
1 year
@Ricardo_Apruebo @PierrePoilievre Serious question, since we’re not firearm experts. How would those bills have prevented firearm smuggling from the U.S., since that’s the source of 85% of firearm-related crime in Canada?
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@BetterDwelling
Better Dwelling
2 years
The share of Ontario real estate owned by investors. #ICYMI #ToRe
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@BetterDwelling
Better Dwelling
3 years
All three of Canada's major political parties have now announced their housing platforms. Here's a brief analysis. #ToRe #VanRe
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@BetterDwelling
Better Dwelling
1 year
🇨🇦 in a nutshell. #ToRe #VanRe
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@BetterDwelling
Better Dwelling
1 year
Funny or tragic? 🤔 🇨🇦’s gov spent $275k on a meeting to discuss the cost of living crisis. The monocle lube & cane wax shortage must be getting real.
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@BetterDwelling
Better Dwelling
1 year
@theJagmeetSingh What level of appreciation did you expect when you became a landlord, if you think a 2.9% compound annual growth rate (CAGR) is the start of a crisis? Only Canadian politicians could make the global financial crisis seem like a period of enviable prosperity for young adults.
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@BetterDwelling
Better Dwelling
1 year
Still funny that BC’s Cullen Commission determined billions are being washed through real estate, but it has no impact on home prices. That only makes sense if there’s a dedicated pool of real estate for laundering, that could never serve the public. 🤔😂
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@BetterDwelling
Better Dwelling
1 year
Uh oh… Ontario’s real estate industry is asking the government to forgive student loan debt equal to First Home Savings Account contributions. tl;dr Taxpayers indirectly help pay for down payments. Initial investor reaction:
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@BetterDwelling
Better Dwelling
2 years
It no longer makes sense for mom & pop to leverage their home equity to buy investment properties. Veteran mortgage broker @ronmortgageguy explains why. 👇 #ToRe #VanRe Full interview:
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@BetterDwelling
Better Dwelling
1 year
@SeanFraserMP Sounds similar to one of the programs that helped create US housing bubble. Policymakers understand that increasing credit capacity increases prices, right? The BOC even produced research on this.
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@BetterDwelling
Better Dwelling
1 year
Say what you will about 🇨🇦's prime minister, but over the past 8 year he's aged pretty well. Is the secret not having any deadlines? #ToRe #VanRE
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@BetterDwelling
Better Dwelling
2 years
🇨🇦’s rental program in a nutshell.
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@BetterDwelling
Better Dwelling
2 years
Was the Bank of Canada reckless for telling households that rates would be low until 2023? 🧐 #ToRe #VanRe
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@BetterDwelling
Better Dwelling
11 months
The One foreclosure to rule them all. Too soon?
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@BetterDwelling
Better Dwelling
9 months
I, for one, am shocked that 🇨🇦’s policymakers would float ideas with no intention, just to save face. *earlier this year*
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@BetterDwelling
Better Dwelling
1 year
🇨🇦’s job market is so strong that 1.2 million people have at least two jobs.
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@BetterDwelling
Better Dwelling
1 year
Interesting population growth issue may be brewing in 🇨🇦. 🇨🇦 accused India of foreign interference at the G20. After 🇨🇦 publicly accused 🇨🇳 of foreign interference, Chinese student stopped applying for study permits & 🇨🇦 pivoted to India for growth.
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@BetterDwelling
Better Dwelling
1 year
What’s happening in Toronto? Police said 60 vehicles are being stolen per day? 😬 It’s almost like neglecting enforcement until 🇨🇦 became a global capital for money laundering resulted in the expansion of organized crime.
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@BetterDwelling
Better Dwelling
1 year
FTFY: 🇨🇦’s gov tried to limit free speech by implementing a news link tax during wild fire season, and is now shamelessly scapegoating during a disaster.
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@BetterDwelling
Better Dwelling
3 months
Canada Begins Real Estate Developer Bail Out With 55 Year Loans … before you ask, 🇨🇦 estimates usable life of affordable housing 5 stories or less to be 42 years. Thoughts on increased leverage here (especially w/Basel III) @OSFICanada ? #ToRe #VanRe
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@BetterDwelling
Better Dwelling
1 year
Bruh. Banks don’t lose in 🇨🇦. How was that not clear from all the 75 year mortgages that shouldn’t exist?
@ShaziGoalie
Shazi
1 year
"Fears of Economic Apocalypse Grip Husband, but Family's Solid Finances Offer a Silver Lining in Uncertain Times." 👇🏽
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@BetterDwelling
Better Dwelling
11 months
Interest rates fall when an economy is so weak it requires state stimulus. It’s not a great sign the PM is betting against 🇨🇦’s economy in the near-term.
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@BetterDwelling
Better Dwelling
1 year
The Bank of Canada Governor doesn’t appear to understand supply & demand basics. Immigration provides both supply (labor) & demand (consumption). It can only curb wage-based inflation, minimal in 🇨🇦. 🇨🇦’s inflation is driven by lingering excess demand via BoC stimmy. #cdnpoli
@daniel_foch
Daniel Foch
1 year
Boost immigration or face even higher interest rates to curb inflation, warns Bank of Canada governor
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@BetterDwelling
Better Dwelling
1 year
Toronto criminals make stealing cars in less than 60 seconds look so much less intense than the Nic Cage movie. Retired TO police officer @BlakeJActon ’s Range Rover getting stolen from his driveway.
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@BetterDwelling
Better Dwelling
2 years
Have Canadian incomes kept up with home prices? 🧐😬 #ToRe #VanRe
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@BetterDwelling
Better Dwelling
2 years
Canadians Permanently Leaving Was Unusually High For The First Quarter #ToRe #VanRe
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@BetterDwelling
Better Dwelling
1 year
🇨🇦 is trying to grow its population by the equivalent of Halifax per year. Its economy is already dangerously concentrated in housing—representing almost 2x the share of GDP the US saw during the 2006 Bubble. It gets worse before it gets better. #ToRe #VanRe
@CTVToronto
CTV Toronto
1 year
Refugees arriving in Toronto are finding themselves having to sleep on the street after funding for a housing program ran out.
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@BetterDwelling
Better Dwelling
1 year
The Toronto Zoo is 700 acres (!) & requires millions in annual municipal property tax subsidies. But yes. Toronto has no money, land, and society would collapse if it couldn’t see the North American raccoon in an enclosure. 🇨🇦, open your heart & send tax dollars ASAP.
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@BetterDwelling
Better Dwelling
1 year
The issue is getting deeper. 🇨🇦 canceled its recent trade mission to India. India's trade minister claims it's due to fundamental economic & geopolitical disagreements.
@BetterDwelling
Better Dwelling
1 year
Interesting population growth issue may be brewing in 🇨🇦. 🇨🇦 accused India of foreign interference at the G20. After 🇨🇦 publicly accused 🇨🇳 of foreign interference, Chinese student stopped applying for study permits & 🇨🇦 pivoted to India for growth.
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@BetterDwelling
Better Dwelling
1 year
If the Bank of Canada insists inflation is a global, supply chain-related issue—what do they expect higher rates to do? 🧐 By their publicly stated logic, that should have no impact. Public deception or clueless? Discuss. #cdnpoli
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@BetterDwelling
Better Dwelling
1 year
“We need the growth [in home prices]…” — Governor Tiff Macklem, Bank of Canada, Feb 2021 h/t @ShaziGoalie
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@BetterDwelling
Better Dwelling
3 years
Years for a median household to save a downpayment in Canada's big cities. Vancouver: 33 years. Historic average is 12 years. Toronto: 25 years. Historic average is 5 years. #ToRe #VanRe
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@BetterDwelling
Better Dwelling
2 years
Where are we in 🇨🇦’s real estate correction? 🤔 Here’s a sneak peak of our interview with BMO. Make sure to subscribe to our YouTube channel to be notified when the whole interview drops later this week. 👇 #VanRe #ToRe #BuckleUp @daniel_foch
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@BetterDwelling
Better Dwelling
1 year
Dat ratio. 👀
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@BetterDwelling
Better Dwelling
1 year
These seem related. What’s interesting is backlash over 🇨🇦’s immigration policies have led to more support for the opposition… … but the opposition hasn’t said they would do anything different. #ToRe #VanRe
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@BetterDwelling
Better Dwelling
2 years
Interest rates have yet to rise and Canada's mortgage industry is already calling for market supports? 🧐 #ToRe #VanRe
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