Housing costs

[NFLMEL]

As most of you know housing has gone up not making it affordable to many. Really glad my kids bought houses 5 years + ago.
Anyways, BC has a new housing tax for 2025, not sure if it will help much.
An article.

Thoughts? New year, new taxes. ️

Expect lower number of home sales in the next couple years! BC’s new home-flipping tax starts January 1, 2025, targeting profits from selling residential units owned for less than two years.

- Tax Breakdown: A 20% tax applies to profits if sold within the first year, decreasing gradually in the second year. After two years, the tax doesn’t apply.

- Primary Residence Deduction: Homes owned for at least one year as a primary residence qualify for a $20,000 deduction. However, sales within the first year incur the full 20% tax without deductions.

- Impact: BCREA estimates only a 1.7% drop in home sales over three years, with minimal effects on prices and affordability.

If Trudeau didn't do the massive immigration we would he in much better shape here.

 

[Assmaster]

As most of you know housing has gone up not making it affordable to many. Really glad my kids bought houses 5 years + ago.
Anyways, BC has a new housing tax for 2025, not sure if it will help much.
An article.

Thoughts? New year, new taxes. ️

Expect lower number of home sales in the next couple years! BC’s new home-flipping tax starts January 1, 2025, targeting profits from selling residential units owned for less than two years.

- Tax Breakdown: A 20% tax applies to profits if sold within the first year, decreasing gradually in the second year. After two years, the tax doesn’t apply.

- Primary Residence Deduction: Homes owned for at least one year as a primary residence qualify for a $20,000 deduction. However, sales within the first year incur the full 20% tax without deductions.

- Impact: BCREA estimates only a 1.7% drop in home sales over three years, with minimal effects on prices and affordability.

If Trudeau didn't do the massive immigration we would he in much better shape here.

He (Trudeau) had no choice. Were missing nurses, doctors, teachers,etc etc etc.Maybe he over did it.I don t know .Just my thought on the subject.

 

[Fradi]

He (Trudeau) had no choice. Were missing nurses, doctors, teachers,etc etc etc.Maybe he over did it.I don t know .Just my thought on the subject.

It is not nurses, doctors, teachers in abundance that he let in and yes he way over did it.
He is the worst PM that we have ever had, an arrogant communist leaning asshole I am ashamed to say I voted for him, but that will never happen again.

 

[CLOUD 500]

He (Trudeau) had no choice. Were missing nurses, doctors, teachers,etc etc etc.Maybe he over did it.I don t know .Just my thought on the subject.

Sure he had a choice, but he served his own self interests and the interests of the greedy rich corporations. As Fradi said, that is not what he brought in. He brought in just about anyone, almost all people from poor countries who come here for the social benefits. Tons of asylum seekers (anyone can claim to be a refugee and they get a free hotel, monthly paychecks, and free food and it takes several months to analyze their situation but in the meantime they collect and Canadians get the bill), tons of temporary foreign workers. Businesses claim to lack labor which is all lies, they just want cheap labor. Trudope subsidizes wages of foreigners so businesses can hire them over Canadians. Currently youth unemployment is at an all time high.

Century Initiative - Wikipedia

en.wikipedia.org

^^^^^ Trudope is leading the Century Initiative. It is a lobby group for rich corporations. Their goal to increase Canada's population to 100 million by 2100. Why? To make the rich more richer. The more people there are, the more money corporations make. Trudope's goal was to make housing more expensive.

Trudeau wants to maintain home prices while pushing affordability. Is it possible? - National | Globalnews.ca

In a recent interview with the Globe and Mail, Justin Trudeau said he wants to push affordability while maintaining current home values. Some experts say that's hard to do.

globalnews.ca

So how does he try to make more people get a home? He changes the amortization rules to be able to get it for 30 years for first time home buyers. So in other words more debt which means more money for big banks. This will also simply stir up more demand and will make prices go even higher. Anyone in economics will tell you that Trudope is clearly trying to make housing more expensive. Trudope caters to the rich.

As for nurses, doctors, teachers, etc... This is a provincial issue. The problem is the system is being run by a bunch of bureaucrats who know nothing about running healthcare or education and it is so centralized. For example the budget the government allocated only allows for a certain number of seats for nursing students. But Sante Quebec wants to cut $1.5 billion for healthcare. How does that make any sense? With rapid population increase we need to increase capacity. For doctors, a lot of them are migrating to the private system where they are paid better and are not being whipped by the government.

 

[Assmaster]

It is not nurses, doctors, teachers in abundance that he let in and yes he way over did it.
He is the worst PM that we have ever had, an arrogant communist leaning asshole I am ashamed to say I voted for him, but that will

It is not nurses, doctors, teachers in abundance that he let in and yes he way over did it.
He is the worst PM that we have ever had, an arrogant communist leaning asshole I am ashamed to say I voted for him, but that will never happen again.

Its hard for me to criticize imagination when my own parents & grand parents were imagrants and arrived in the 60 s .And no they were not teachers nurses or doctors but hard working laborers .As for youth unemployment the young people don t wanna work hard.A friend of mine who works at the casino told me 5 newbees in his group quit cause they had to work at Christmas and New years wtf .But i get what you guys are sayin

 

[Fradi]

Its hard for me to criticize imagination when my own parents & grand parents were imagrants and arrived in the 60 s .And no they were not teachers nurses or doctors but hard working laborers .As for youth unemployment the young people don t wanna work hard.A friend of mine who works at the casino told me 5 newbees in his group quit cause they had to work at Christmas and New years wtf .But i get what you guys are sayin

I have no issues with legal immigrants as I am one myself.
I do have a lot of issues with illegal immigrants and asylum seekers who are not vetted and are allowed in to the country.
I also have a huge issue with immigrants that don’t want to assimilate and want to impose their laws and way of life and turn this place into the same shit hole as the one they escaped from.

Immigrants like my parents, myself, came here like most others at the time wanting a better life for their families and children than what they had.
The big difference is we never took a penny in handouts, started working and paying taxes from the moment we arrived and were more than happy and grateful to Canada for allowing us into a a free country where you could make your own luck in life. We accepted their culture, their rules and our children and grandchildren born here are now proud Canadians like us.
We didn’t lose our culture, language or heritage but we don’t push it or try to impose it on the rest of the population we don’t behave like terrorists in the streets, we don’t loot and steal and set things on fire.

 

[CLOUD 500]

Its hard for me to criticize imagination when my own parents & grand parents were imagrants and arrived in the 60 s .And no they were not teachers nurses or doctors but hard working laborers .As for youth unemployment the young people don t wanna work hard.A friend of mine who works at the casino told me 5 newbees in his group quit cause they had to work at Christmas and New years wtf .But i get what you guys are sayin

But back in the days immigrants worked hard. They were not given ton loads of freebies like today. We want hard working immigrants, what we do not want are gimmigrants, a gimmigrant is a person who immigrates for the sole purpose to get social benefits. Same for refugees, in the 60s a refugee entering was put into a shelter home and had to work hard to earn a living. Now they are handed free hotels, monthly paychecks, free food. That just does not make any sense to me. My parents were immigrants also, all they got was $20 per kid from the government and they worked their butt off. Now the government is giving $700 a month per kid.