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Meh. Could just as easily be Vancouver…
Cost of housing in Canada
- Thread starter mariomike
- Start date
- Reaction score
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Meh. I am sure you are correct...
RBC put it this way.
February 4, 2022
Toronto area—Now the priciest market in the country
Which is Canada's most expensive market? The answer just changed
Solid demand and a dearth of supply kept conditions steamy in Canada’s major markets as 2022 rolled in. -RBC Economics
thoughtleadership.rbc.com
- Reaction score
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I wonder how well it will do in Canada. I suspect there will be a lot of "hate" watching, and a lot of angry posts about it all over social media.
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No doubt.
Skimmed it only to see which neighbourhoods were featured.
High rollers buying these outrageously priced masoleums will be contributing property tax to the City.
A percentage of which will go towards our emergency services. So, that's a good thing.
In spite of the high cost of local real estate, the property tax rate remains relatively low.
Toronto 0.666274%
Halifax 1.154%
Saskatoon 1.28932%
Regina 1.556501%
Ottawa 1.169276%
Winnipeg 2.6429%
Edmonton 0.94475%
Lethbridge 1.07365%
- Reaction score
- 1,528
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April 1, 2024
Income needed to purchase a home in Canada.
Income needed to purchase a home in Canada.
- Winnipeg
- $68,612/year
- $5,718/month
- Edmonton
- $75,397/year
- $6,283/month
- Montreal
- $107,273/year
- $8,939/month
- Calgary
- $107,910/year
- $8,992/month
- London
- $114,318/year
- $9,562/month
- Kitchener-Waterloo
- $139,880/year
- $11,657/month
- Ottawa
- $143,124/year
- $11,927/month
- Oshawa
- $151,768/year
- $12,647/month
- Mississauga
- $213,177/year
- $17,765/month
- Brampton
- $220,966/year
- $18,414/month
- Vancouver
- $236,210/year
- $19,684/month
- Toronto
- $236,588/year
- $19,716/month
Quirky
Army.ca Veteran
- Reaction score
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Somewhat related.
torontoobserver.ca
How are students and immigrants allowed into Canada without the means to support themselves?
Feed Scarborough's food-bank clients are 95% newcomers
With inflation on the rise, people in Scarborough and across the Greater Toronto Area are facing food insecurity, especially newcomers.
torontoobserver.ca
How are students and immigrants allowed into Canada without the means to support themselves?
Eaglelord17
Army.ca Veteran
- Reaction score
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To be fair to those groups, basically anyone having to start out fresh at the moment with no family support is basically in the same boat and likely very close to homelessness. If someone gets kicked out of the home at 18, good luck to them as with the costs of rent, crappy job market, and overall difficulty to afford anything the odds of them getting ahead is severely restricted.Somewhat related.
Feed Scarborough's food-bank clients are 95% newcomers
With inflation on the rise, people in Scarborough and across the Greater Toronto Area are facing food insecurity, especially newcomers.
How are students and immigrants allowed into Canada without the means to support themselves?
lenaitch
Army.ca Veteran
- Reaction score
- 3,741
- Points
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Or escaping an untenable situation.
- Reaction score
- 1,528
- Points
- 1,260
Somewhat related.
Feed Scarborough's food-bank clients are 95% newcomers
With inflation on the rise, people in Scarborough and across the Greater Toronto Area are facing food insecurity, especially newcomers.
How are students and immigrants allowed into Canada without the means to support themselves?
Saw something about that in the Post,
International student’s video on getting free food in Canada unleashes anger and abuse: ‘Please die’
Well ya see...when a country has a government as committed to incompetence as strongly as ours is, anything is possible!Somewhat related.
Feed Scarborough's food-bank clients are 95% newcomers
With inflation on the rise, people in Scarborough and across the Greater Toronto Area are facing food insecurity, especially newcomers.
How are students and immigrants allowed into Canada without the means to support themselves?
Now read the following in a Chrystia Freeland voice in your head:
"Think of it this way - when students and immigrants arrive here without the savings or means to support themselves, they quickly have to learn how to cope with existential stress in a way they may not have known before...and that's a skill that can only benefit them as they go through life...
So you see, eliminating previous requirements for people to have X amount of savings in their bank account and a family member or family friend to act as a safety guarantor in order to jack up immigration numbers to be staggeringly high wasn't us being irresponsible & ill-prepared...
It was our way of welcoming newcomers and giving them a taste of what being a Canadian citizen will be like a few years down the road for them."
lenaitch
Army.ca Veteran
- Reaction score
- 3,741
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So . . . what doesn't kill you (or us, as a nation) makes you stronger?Well ya see...when a country has a government as committed to incompetence as strongly as ours is, anything is possible!
Now read the following in a Chrystia Freeland voice in your head:
"Think of it this way - when students and immigrants arrive here without the savings or means to support themselves, they quickly have to learn how to cope with existential stress in a way they may not have known before...and that's a skill that can only benefit them as they go through life...
So you see, eliminating previous requirements for people to have X amount of savings in their bank account and a family member or family friend to act as a safety guarantor in order to jack up immigration numbers to be staggeringly high wasn't us being irresponsible & ill-prepared...
It was our way of welcoming newcomers and giving them a taste of what being a Canadian citizen will be like a few years down the road for them."
In theory my friend, in theory...
("What doesn't kill you probably leaves you weaker..." probably should have also become a famous quote somewhere along the way, imo)
Eaglelord17
Army.ca Veteran
- Reaction score
- 2,085
- Points
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Yep lots of abuse hurled their way which is mostly unjustified.
That being said I have also seen plenty of videos on tiktok and the like of international students coaching each other on how to exploit our food bank system even if they have the funds.
I remember when I was attending college 2015-2017 when the international student thing was really starting to pick up. Blatant cheating, constantly late to class, constantly being disruptive. No professor being allowed to discipline them. Our professors trying to say ‘it’s their culture’ as though it’s a excuse for their terrible behaviour.
Our institutions used them as a cash cow, and decided to throw their ethics and standards out the window to make it happen. Our government let them use it as a back door immigration system because they would not have qualified otherwise.
Many of them are willing to cheat and game the system as that is literally what they are doing to get here. We can’t expect people who came here under false pretences to act ethically just because they arrived here.
It doesn’t mean there isn’t legitimate international students or that they all cheat the system, out of the 20 or so I regularly dealt with about 2 of them showed up on time, didn’t disrupt the class and didn’t cheat on tests. Not the greatest odds.
Colin Parkinson
Army.ca Myth
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A lot don't even attend classes, they register and then look for work instead.
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Timmins for the Win!
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- 1,708
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Nothing wrong with Timmins IMO but same old question. Are there a lot of $65000 a yr jobs up there?
- Reaction score
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Houses seem very affordable.
Timmins 2023 Residential Property Tax Rate 1.933103 %
Timmins Property Tax 2023 | Calculator & Rates - WOWA.ca
Calculate property tax for Timmins with your home's assessed value. Check historical rates from 2018 - 2023. Breakdown of your total property taxes.
wowa.ca
Seems a bit high compared to Toronto 0.666274 %
2023 Tax rates for Cities Near Timmins
| Temiskaming Shores | 1.352420 % |
|---|---|
| Greater Sudbury | 1.649523 % |
| Elliot Lake | 2.319877 % |
| North Bay | 1.664320 % |
Least affordable homes in Ontario,
How much do I need to make to buy a house in Ontario?
- Toronto ($591,828)
- Halton Hills ($570,154)
- Aurora ($519,838)
- Richmond Hill ($511,235)
- Oakville ($470,719)
- King ($393,512)
- Mississauga ($392,154)
- Vaughan ($369,968)
- Burlington ($339,632)
- Caledon ($333,746)
If interested in property taxes in Ontario cities.
Toronto Property Tax 2023 | Calculator & Rates - WOWA.ca
Calculate property tax for Toronto with your home's assessed value. Check historical rates from 2018 - 2023. Breakdown of your total property taxes.
wowa.ca
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Really? I’d like to see what $128K gets you there…
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