Àre you the official propaganda mouthpiece of the CPC. Such biased and misleading report. Insinuating that this was all caused by the government....no world events ,no global effects, no global market....please do much better CdnMediaFailed
Oh no op, your trdeupes supporters didn't like your tweet? Bu huuu poor CBC!! You got upset with daddy Trudeau? And now you are firing back? Or is another strategy to deceived people and make you LOOK like journalists Poor CBC 👶 babies, do you need Trudeau's breast?
While the government may not be the only cause, they certainly play a part.
Not in London, Ont. They have more than tripled. When you two guys in their 20’s saving to buy a house, this absolutely sucks. But what do you expect from this clown show. They don’t give a crap.
Now talk about government debt.
The CBC posting anti Liberal propaganda? I guess you realize your Trudeau financial lifeline is collapsing.
grufflyns They don't care when they get 6 figure raises
I would want to stay under $300K….so a trailer home is basically the only option for our family of 6 🤦🏽♀️
What about in the years prior to 2015? Bought my house in '95 for 180k. In 2011 it was worth over $500k. Flattened after that with a market crash and today I could sell for $600k.In the last 11 years there really hasn't been significant change when one goes back FURTHER than 2015
From 2005 to 2015 our house assessment increased by 77%. Who do we blame for that?
And this has happened only in Canada? Wow, is Post Media controlling you guys now? cbc
It started in 2010 in vancouver immdiately following the olympics, then spread east.
Really? How does that help us to find a place to live. There aren’t houses for sale or rent
When CBC becomes a tabloid.
JUSTINFLATION
Ever since the Harper Conservatives installed their own people at CBC , the anti Liberal slant has been more obvious to Canadians in Canada. Those HousingCrisis prises went up globally, and not because of the Liberals.
maxfawcett can you please write a piece on this. I fear it may cause issues for future young liberal voters unless this can be addressed
Im just happy we will enter a recession with justin in charge. It usually gets the party out next election. People think you can go from .25 to 3% in 9 months and nothing will break. All the people who just got a mortgage gonna be fcked when this debt bomb drops. 🤣🤣🤣
Wowwwww CBC throwing some shade at the liberals. Good for you! 👍🏾👍🏾👍🏾
You mean since Trudeau took office in 2015.
Prices are insane. My adult children can not afford to buy a home in their lifetime unless the housing bubble is burst somehow. Spending most of your income on rent, even with roommates is existence only. Multi-generational mortgages?
This is true and the bias way you prop them up will not be forgotten!
You know you guys are not supposed to say anything negative about your buddies the liberals there will be hell to pay come Monday
They are taking the resale markup now at homeowners.
People gain nothing inflation makes my buck uc 😟😩
Elites are loving every moment of this
No it won’t cool it off supply is a big issue
Got a friend with a 6 figure salary in Vancouver with a run down million dollar 70’s era townhome proudly touting his lack of a car as saving him so much money… he can’t afford to replace the furnace, and the gas stove and is looking for a subsidy. The home is all he has.
You'll own nothing and you will be happy...The Khazarian mafia will 'World Order' you!!!
What an embarrassing tweet.
Trudeau government you mean. Funny how u conveniently omit that. But when he does something you think Is good it's turdeau gov't.. riiiigghhtt
🇨🇦Canadians are being RIPPED OFF by Canadians... 'Average home price in the United States: $374,900'
Now do the rest of the world.
Jane_Munroe_ Jaundiced headline , do better.
No prices for house were good before pandemic when people had to work from home kids were at home so needed more space backyard so they up move an hour away causing this housing crisis so there you have it
Own nothing and be happy they said
Correlation ≠ Causation
What does this have to do with PMJT? Your reporting is so partisan here. It’s appalling. Do better. cdnpoli
Who the fuck writes your posts. I’m a progressive and even I am moving toward defunding the cbc
It’s b/c of Putin’s invasion. Please don’t blame Ottawa’s incompetence and shady ways.
Really? You're embarrassing yourselves. CdnMediaFailed
Context?
And under a different government can you prove how they would be less?
Liberal Lies come as no Surprise
Immigration should slow way down until we get a housing strategy that actually works, it's just nonsense to bring more and more people to Canada until we can build some homes.
Justin Trudeau’s master has been made: $OSD … FREEDOM !!!!!
Look we voted the Liberals in to do two things, get the price of housing up and get the price of oil up...mission accomplished. Its not the Liberals fault you didn't get long realestate or oil.
Watch them claim they're the only ones who can fix it. They just need more power, higher taxes, to print more money, more time in office, and to destroy all opposing voices.
Why does this headline not name the PM? justinflation
In the 1980's an aveage house cost about 2x income. Today a house is 10x income. Housing is unaffordable for the average worker....but watch out below, because a crash of likely around 30-40% is looming. A crash is necessary. It's not a matter of if. It's a matter of when.
Correlation =/= Causation. Since the current Liberal government took office in 2015, carbon dioxide in the earth's atmosphere has increased from 399.5 ppm to 420.43 ppm. Remember when you used to simply report the news, not try to generate it? Be better, .
This is not journalism. This is a one sided argument. There are so many important other factors involved in the situation. Please be professional
Canadian wages have to be high to support the high cost of shelter making Canadian labor uncompetitive in the global market.
Well...when the government controls the housing prices you Def need to worry. They are working on a solution and it is not an easy fix. Since LOTS of buyers are also SELLERS. They have to tread lightly here.
Makes one wonder if the bottom will fall out?
Liberal cronies own assets, homes, real estate. Liberal policy protects elite liberal cronies.liberals don't give a damn about poor or disadvantaged. The liberal CBC cronies are a progressive socialist functional governance of Canada partnership...so sick.
Once again, for those in the back, the Liberal party of Canada is not responsible for housing prices. Brought to you by the free market, real estate speculators and low mortgage rates.
Governments control supply and policies increase demand. The biggest revenue stream scam of all time affordability under the guise of “helping” Canadians while interest rates rise, cost of living increases, and taxes get hiked. Liberals will bankrupt us first.
Just for the record in Jan 2019 housing dropped to $460k the highest it went up under libs was 2017 at 560k. So technicly it went from jan 2019 460k to 2022 $800k. Also menelinisls and new gen have parents willing to finace their home so their kids can have one two
correlation does not imply causation
Since the current Woke Elite Party government took office in 2015, the number of wars in Europe has increased DRAMATICALLY from zero to one. C'mon CBC, tell the real story.
How does this compare with other countries?
When CBC turns on that failure lib party you know Canada cant wait for Pierre!!!
Gee would it be because so many have moved to canada from other places like US ( trump yrs), China Europe, India sick of oppressive govts,? But nice hede framing. Cpc write that?
This has very little to do with the federal govt. They are attempting to mitigate it but it was not caused by them. It is a global effect. Wages are the biggest problem as people cannot afford to live because someone at the top needs a new yacht, house etc.
So the economy has done well.
Only in Canada you say...pity
Try harder. This goes way back.
Wth does it have to do with local politics?
Low interest rates established after the crash of 2008 and lowered again during the pandemic are almost entirely the reason. Those with the means to borrow have been given nearly free money to speculate with.
Australia as well? How much power does PMJT have? He seems to be able to control the surge in home prices all across the globe since 2015....
This is not on JT, this is on Harper for giving Canada away to the Chinese and opening us up to be bought out and giving away all that is Canadian, for those in power back then BC Liberals (CONS) and the CONS in power who opened Canada up to money laundering through real estate!
Interesting, PMJT is so powerful, he can even do the same thing in India regarding the prices of homes....
Wow. Trudeau must have some power to cause a rise in the price of homes in all of Europe at around the same rate as Canada.
Bet the price of homes in Ukraine have dropped....
Every other housing boom was caused by consumers, suddenly its now the federal government. The cons tell us no one can buy a house yet there is a housing shortage for buyers. Houses are selling awfully fast for no one being able to buy them.
Hmmmm..... Must be Trudeau's fault as well.
They need to be removed
Put this on your fridge First time that you’ve been honest. 04/17/2022
Interesting. No one has been whining about low interest rates and I'm happy the value of my house doubled. Thank you realtors for underpricing to drive multiple offers and hype and thank you buyers for overpaying 👍
Disaster In the making so wat if your house worth more.. everything else is more expensive there is no good out come of this
Liberals abandoned Canadians and concentrated on foreign interests. While the ford government squeezed as much as it could out of every Canadian and cut just about everything that made canada a great country .
and same goes with our Federal Debt. Trudeau debt Debt from all prior PM combined from 1867 to Stephen Harper. LOL
RealAndyLeeShow How convenient if they want to tax the sale of a principal residence.
'average'
Bidding Wars! Greedy People!
BuT jUstIn iS doInG a GrEat jOb 🤪🤪🤪🤪🤪
Sweet can’t wait to sell my shak for 700$k And move to my moms basement and take trips every month
Has this account been hijacked, granted CBC is questionable on some of these reports but are you intimating that house prices are the fault of the Trudeau government. You need to be stopped.
Lots of US cities have doubled also. U should report that CBC
Isn't it peculiar, the article doesn't even mention 'the current Liberal government' and yet the clickbait headline tries to imply they're to blame.
I just hate my largest investment going up in value.
Most people don't realize why housing prices are increasing so much. It's not that houses are worth more its that the Canadian Dollar is losing value so it takes more of them to buy the same house. This is caused by Trudeau/ Singh/ Freeland printing more dollars out of thin air.
LisaYaxiXing this is very shoddy journalism & unworthy of a national media service. Where is the background, the relativity? Did you bother to explore the similar increases over the time that the conservatives were in power or compare other similar markets? Nope. clickbait 0/10
Fake news CBC, dig deeper!
This is a global issue Canada doesn’t own it but we are part of global money laundering it totally includes real estate. 🤷♀️🤷♀️💔💔🔥🔥
I guess you all feel for this classic eh !
The plan worked.
Note “average”… those numbers are skewed due to large urban centres like Toronto and Vancouver that have had over inflated home prices for decades and have a large number of sales do to population …. it DOES NOT APPLY to most of the rest of Canada.
Liberal policies make millennials indebted to reward local speculators. FTHB pgm, equity sharing, tax rebates, cheap credit, lax cmhc rules all are labeled to make homes affordable, no wonder opposite result. Worst, genZ won't afford assets, will pay billions debt as future taxes
Since the federal government is not in charge of house prices, this headline is a little much.
I don’t think it’s a liberal problem this should of been taken care of well before 2015 by not allowing foreigners to buy property¬ live in them-oh&we just had a pandemic for 2 yrs putting strain on things like wood,etc so they have doubled in $ so as a result so will house $
Fact is 68% of Canadians own their homes. Average home price is only relevant to buyers/sellers. There has been a tremendous amount of new high end house building which skews average prices. Only 4% of housing stock is on the market on an annual basis.
That's a reflection of how well economy is doing! No one wants to buy a house when economy is not doing well. Money & Power-banks, investors, etc. influence price of homes. To make home ownership attainable for young people lecture Banks & Investors-loans & flipping homes is BAD!
You can put Bugs Bunny as the PM and the results would have been the same lol
I’m old enough to remember 2016, JT promised affordable housing for the middles class and a balanced budget. You have the video I’m sure . Post it, I triple dog dare you
If you are going to report on the price of housing it’s a matter of supply and demand and nothing to do with the government. I’m not a Justin fan, please show me where it’s governments fault!!!
Is this a direct cause and effect relationship?
Not a new problem I bought my house in Toronto early on in Harper’s regime and sold it in 2015 when Justin got elected for double what I paid for it.
They're destroying the future of youth Canadians.
Not fair CBC. Your headline makes it seem JT is to blame. Just what we need. Another false statement for the impressionable folks to make wrong decisions. My house doubled from ‘02 to ‘10. JT didn’t do that.
Oh CBC 🙄
Okay do from 2006-2015 when Harper's reign of terror was ongoing. Cuz that's about when home prices started taking off. This is irresponsible journalism. Just garbage. It implies Trudeau's election was the cause of increased housing. There's no relationship whatsoever.
Must be all those idiots bidding double the asking price for the privilege of owning some dump in the GTA.
How much did it hurt to admit this stat right here? Does your lord JustinTrudeau approve?
Not the liberal government fault provincial governments have the rules for home ownership. And those conservative government’s haven’t done anything but bitch and make things worse.
Wow I am amazed you guys can post something like this seeing who your puppet masters is.
The housing prices has nothing to do with Trudeau. God what a stupid headline.
Material cost to build a house is 10x's higher then it was in 1996. Cost of building is over $400/Sq foot. Housing prices reflect this.
What are you saying CBC? Implying the liberals have something to do with high house prices? Strange you would question your liberal masters
Go back to journalism school, you correlate which is not reality, were you even in Canada 20 years
Anyone who can afford $150 dinners is not going to be affected by rising interest rates or house prices. It’s the loss of the middle class that is directly correlated to rising house prices. The rich can afford whatever. The rest are left behind.
Oh now I know who to blame for the crazy prices in the states!!! Wow! What influence! 🙃
I can’t wait to read more policy choices from people who probably own 3 houses on why this problem exists
Your headline is misleading. Government doesn't control the housing market moreso if this is a slander against the Liberals.
Logical fallacy: correlation (two events happening at the same time) does not mean cause (one event did not necessarily cause the other). As in most things in life, inflation, including the cost of homes, has multiple 'causes.' But... simple folks like simple answers.
How much did Pierre Poilievre pay you to post this article.
Oh CBC your conservative is showing...
That’s not the government! Lol! Here is another stat that has nothing to do with the government. Since they took power the global environmental crisis has gone out of control! This has been building for ages! Go away.
Holy shit!
What does the government, any government, have to do with it?
Dont blame the liberals, it happening all over…,canada is desirable
Don’t like the liberals then, eh? Not since CBC says they raised the price of housing beyond reach, bad liberals !!!
😡 CBC is somewhat suggesting fault to the Liberal government! Do we call them racist, sexest or bigot? Oh wait, no i think we belittle them with a fancy word salads...🙃
Unless your community is slated to become a ghost town.
Thanks CBC for defining the bad guy and providing a binary “both sides” of this very nuanced and complicated issue. Im sure Skippy’s MAGA lite crowd won’t slash all your funding now.
The government should ban foreigners from buying including students, and especially Chinese money laundries
Where are all the debt free retired people. Shame on you not complaining to liberal_party that now your net worth is much higher. You wait in anticipation of interest rates, because you have never seen this happen before...
There’s no government incentive to manage the housing market. The reason is the more a home is valued the more they can tax the homeowner. It’s up to consumers to just say no to outrageous prices 🤔
Very misleading. I wish my home had doubled in price.
This is a triggering headline. Governments don't control house prices as your headline seems to imply. Show some class CBC!
Another issue is the rental property companies that buy up hundreds of houses and subdivide the house into small bedrooms. Companies should be limited to only a few buildings
Wow what a spin! You got PP writing for you now? This is blatantly misleading
The Real Estate industry needs a major overhaul and more transparency for buyers is needed. Also, Banks need to stop giving out mortgages that take up 90 to 100% of a person's, or couple's, after tax income in mortgage payments.
And the Trudeau Liberals ignore practical solutions that will actually work like incentive for investment in rental construction projects so “spending and subsidies” election promises give them reason to increase government spending, which increases inflation, housing and taxes
Money laundering at it's finest
Almost every single thing has doubled or triple throughout this country since 2015 and the major winner is the banks ….stop the hoo-hah.
I’m worth a million bucks. Thanks JustinTrudeau Why isn’t the “market” responding? Our population is growing our economy is pumping and our unemployment rate is the lowest in history. Trudeau is doing his job. Time for the “market” to keep up. Just show up!
And I bet you anything that there are people going to look for correlation in this...
It’s almost like the Liberal gov’t wants prices to sky rocket so the gov’t can reap the benefits of increased tax revenue… If JustinTrudeau knowingly supporting illegal money laundering in the Canadian housing market for monetary gains?
the cbc is speaking against the government? , shut the barn door and stand in awe
So are you implying the government controls home prices? CdnMediaFailed
This is an irresponsibly headline that implies the Liberals are the cause of the price increase, which they are absolutely not. Should they have acted on it earlier? Probably. But they didn’t cause it.
Nope
More than doubled in Elliot lake. An 80-100k home is now 250-300k or more.
What’s happened since fordnation took office? Please tell us ConservativeClickBaitOracle
Failures like this will almost guarantee a Poilievre government 🤢
But you all liked the socks. Take a bow.
So is this a good thing or a bad thing? The stock market is up 50% in the same time. Royal bank is almost doubled. Did the liberals do all this?
Excellent, I own a home.. Now is that taking into account cost of living, pay increases, etc over that time frame? Would be a better comparison.
90% of the hones listed for a million dollars are not worth that in any market! Two things need to happen before anything changes. One we need a hell of a lot more inventory before this breaks and two the agents need to stop creating bidding wars. List the damn house properly.
Really, try buying a house in England, Australia or just about any major country try in the world. This is NOT just a Canadian issue.
I find it disturbing that no matter what government is in office that people believe they're doingna good job when everything is really a mess. We should never put this much faith in any government, holding them accountable to their campaigns is what we should be dping. Trudeau..
How do we report a news story as fake news Twitter ? Inflation is happening all over the world. The government party in charge has nothing to do with it.
The Liberals are failing Canada. If I hear Trudeau make another one of his morally superior pronouncements like “housing is a right” then turn around & do the exact opposite, I’m going to puke. He’s done nothing to support Black or indigenous home ownership.
Easter Morning intern geek tweet. Nothing to see here.
The left making life unaffordable for everyone but the wealthy.
You people have zeroidea what the fuck is going on outside of your cubicles. Literally zero!
And YOU continue to support them at Nauseam! CBC=Communist Broadcasting Corporation! Bought and paid for by Trudeau……pathetic!
Those are expensive igloos !!!
CBC dissing the Liberals! Imagine!! 🙂
My home trippled. Some poor Liberal co-signed so his children could buy this 150 year old home for $400,000 more than I paid for it.
My house doubled under the previous PC gov but has only gone up 25% under the Liberals. I feel left out.
Your headline implies a false cause and effect relationship. Would you care to explain?
truanon replies are hilarious
One third of Liberal ministers own a rental or income property. They'll just drive the costs up even further
Liberals don’t set price houses…supply and demand does.
CBC adopting the trash rag style of sensationalistic headlines just to try to show they're not controlled by the government. It's not a good look.
Fuck I hate prosperity! Since the current Liberal gov took office, GDP is up, employment is up, trade surplus is up, housing prices are up.
They doubled the debt too .
Seriously, what does the liberal government have to do with the sale of a house? Misleading headlines again. House prices are high due to low supply of homes and greedy real estate agents propping up prices through illegal blind bidding.
Awsome news for the Canadian home owners selling their home to downsize & relocate. 🇨🇦💰💵💲🏡🏠
Horrible. To the point that nothing substantial can be done now, and we have an entire generation of permanent renters in the second largest country on the planet. Way to go….
Maybe its because of investors and foreign money? Allowing foreign investors buy multiple houses and willing to pay over and above market value? Hopefully the 2 year ban will help stabilize the market
Because of people with already built capital willing to invest it all and pay much more than market value. This was increased by Covid where a lot of people chose to buy single family houses to enjoy time in the backyard instead of being stuck inside /2
Idiots
To tie everything to a particular government is egregious at best. With globalization comes good and bad and one of the downside is that government have much less abilities to control the various markets. Housing prices went up drastically because of foreign investments and /1
Ridiculous headline. Is this what my tax dollars subsidizes?
We have had a global pandemic. Maybe that has affected everything. Housing up where I live because people moving out of cities during pandemic. Pretty sure that is not the fault of the Liberals.
Really and that would not have happened under conservatives 😂😂
Is time for the conservatives now. Too much left wing policies is not good for the country.
dirty real estate agents, colluding landlords, weak governments, shady foreign investment and lack of concern for our fellow people. Governments could change it now by raising capital gains taxes for 20 years to %65 and erasing the damage the garbage listed above has done.
AND the connection is? Throwing shit in the hopes it might stick. If you really think the CPC would have done better your crazy. Real estate is simply the best investment around & there are no effective protections in place to prevent anyone with extra cash to buy it up at will.
What in the world does selling homes have to do with politics 😡
Kindly explain what liberal policy is the cause of escalating house prices since the same thing is happening in most other countries
This has nothing to do with any Government.
What do Liberals have to do with house prices. Be better.
Shame on you for this headline. The fed. government is not responsible for rising housing prices.
US numbers for context, since the headline is misleading. cdnpoli
I didn’t know that the Liberal government or for that matter any government had control of the price of a home, let’s start reporting facts and quit the political jargon
I think it’s called Capitalism.
Sounds like Skippy can finally get his new boat.
Tell me which government was in power when housing prices decreased? I'll be waiting here till the end of Eternity for your answer
Now tell me how prices have increased since 1980 and I will tell you the same thing...in 1995
The cost of my townhouse doubled from 300 to 600 k under conservative government. (2006-2015).
Kids that were 7 years old are now 14 ... THAT'S OUTRAGEOUS !!! That's justinflation there I tell you !
Sellers leaving Canada rejoice.
Try a headline that’s true. Conservative and Liberal governments have failed to address the Canadian housing crisis. There I fixed it for you.
I wouldn't be surprised if there wasn't under 1990 collapse. Same demographics at play, the tail end boomers and the tail end Millennials buying en masse.
WAZZUP
What's the connection CBC? Please lay it out.....Liberals and home prices. Enlighten me.
Terrible headline. Come on you guys.
So the Liberals doubled the net worth of 60% percent of the population of Canada? Amazing!
And my house almost tripled under the previous Conservative government.
CBC seems to stand for CONservative Bull Crap these days.
OMG you’re right and don’t forget about we had Covid under the Liberals also. I was just asking my buddy the other day who was responsible for these things.
Well when you open the flood gates for immigration without a housing plan this is what you get. Enjoy.
Here come all the liberal boosters triggered by the headline.
So has gas. Your point?
Food prices have doubled!!! More important
Wow, what a headline! Your anti-Liberal slant is showing.
Your lead about “current Liberal government” is ignorant at best, malicious at worst. CBCFail
Is the CBC employee who tweets this BS a conservative? WTF does the housing prices have anything to do with the Liberal government? Stop this crap, please.
So I should thank our prime minister because my house value has doubled since I bought it Wow! He is good! 😜
People are complaining about the fact that the interest rates are about 2% and inflation is about 6%. But I remember in the 80s & 90s we had double digit inflation and double digit interest rates and no one seem to complain much about it... they just accepted it.
Odd. The lead in mentions ‘current Liberal government’ for an article that doesn’t reference a single level of Government. The BoC operates independent of the Government. Makes me a little cynical on the messaging from my beloved CBC.
This is happening everywhere not just in Canada so this is NOT a Liberal party problem as your headline makes it seem to be