Canadians got it real bad , yowsers

[trucel]

 

[Boqorada]

No wonder they're all alcoholics

 

[trucel]

No wonder they're all alcoholics

reer henny lost their minds

 

[canjeeroiyoshah]

Even a six figure income ain't enough to buy a house in the city. The state of affairs is depressing af.

 

[Cerberus]

By 30 years they'll be 50 years old so what is purpose of owning home them?

 

[Nilotic]

Question to forum

What kind of policies would you put in place to prevent this from happening in Somalia in the future?

 

[𐒁𐒚𐒒𐒂𐒘𐒂𐒗 𐒎𐒚𐒗𐒗𐒒]

Question to forum

What kind of policies would you put in place to prevent this from happening in Somalia in the future?

Outlaw 'blind bidding' - that's what they are doing in Toronto, this means people are making offers much higher than the house's worth and it just keeps climing.
There needs to be cap on the price of houses or it has to be realistic in regards to how much the land is worth-how much the property is worth in terms of building materials and so forth.

 

[Periplus]

Their house prices are no where near as bad as Australia.

Sydney and Melbourne are more expensive than Toronto.

 

[Nilotic]

Outlaw 'blind bidding' - that's what they are doing in Toronto, this means people are making offers much higher than the house's worth and it just keeps climing.
There needs to be cap on the price of houses or it has to be realistic in regards to how much the land is worth-how much the property is worth in terms of building materials and so forth.

Greater regulation is definitely required in the housing markets in the West.

I personally don't see why we should have to buy land in our own Countries (in Africa) when it comes to shelter.

Every family should be constitutionally guaranteed a certain size in plots of land; the materials required to build a house should belong to some level of Government, so that people would only have to pay for the cost of materials (at cost of production) and the cost of labour.

State Governments should own concrete and brick factories in addition to timber farms; people would still need to get (much smaller) mortgages, but home ownership would not be constrained by the profit motive.

PS: Apologies for the late response; I didn't even realise that you had responded -- as I had received alerts that kind of swamped yours out.

 

[KobeBryant]

Their house prices are no where near as bad as Australia.

Sydney and Melbourne are more expensive than Toronto.

Places like NYC, San fransisco, Los Angelas, San Jose (Silicon Valley),Boston, Miami, Honolulu, DC, Seattle are way more are expensive.

Aussies and Canadians got it good compared the U.S

 

[Periplus]

Places like NYC, San fransisco, Los Angelas, San Jose (Silicon Valley),Boston, Miami, Honolulu, DC, Seattle are way more are expensive.

Aussies and Canadians got it good compared the U.S

None of those cities are more expensive than Sydney lol.

 

[KobeBryant]

None of those cities are more expensive than Sydney lol.

Sydney is more expansive than the bay?

 

[Abu Hesi]

None of those cities are more expensive than Sydney lol.

No way I'm gonna believe that lmao

 

[Nilotic]

Sydney is more expansive than the bay?

Sydney is ungodly expensive and is probably only exceeded by San Francisco and Silicon Valley.

 

[Periplus]

Sydney is more expansive than the bay?

No way I'm gonna believe that lmao

Here is the annual housing price report, comparing house prices across major economies.

http://www.demographia.com/dhi.pdf

Here is the top 10 least affordable cities for housing from bottom to top.

Here is the wikipedia article on global house price:

https://en.wikipedia.org/wiki/List_of_housing_markets_by_real_estate_prices

 

[Abu Hesi]

Bro, I'm checking apartmentsnow for Sydney and Manhattan, Manhattan is expensive.

 

[WarfaBarfa]

Places like NYC, San fransisco, Los Angelas, San Jose (Silicon Valley),Boston, Miami, Honolulu, DC, Seattle are way more are expensive.

Aussies and Canadians got it good compared the U.S

New York their apartments are crazy expensive. Most people end up just renting and not owning

 

[WarfaBarfa]

What are Somalis in Canada doing to increase purchasing of homes?

Somalis in Minnesota have started exploring community funding schemes to buy houses with:

Minneapolis’ Somali-American Community Can Soon Bypass the Bank to Buy Homes

"Do we really need the bank if we’re collectively investing and collectively creating wealth among all of us?”

nextcity.org

 

[KobeBryant]

What are Somalis in Canada doing to increase purchasing of homes?

Somalis in Minnesota have started exploring community funding schemes to buy houses with:

Minneapolis’ Somali-American Community Can Soon Bypass the Bank to Buy Homes

"Do we really need the bank if we’re collectively investing and collectively creating wealth among all of us?”

nextcity.org

Canadians have there version of Minnesota it’s called Manitoba and Saskatchewan Somalis just don’t want to live there.

 

[WarfaBarfa]

Canadians have there version of Minnesota it’s called Manitoba and Saskatchewan Somalis just don’t want to live there.

Heck if it's cheaper why not?