this post was submitted on 15 Jun 2023
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Canada's population is about to hit 40 million (www150.statcan.gc.ca)
submitted 1 year ago by [email protected] to c/[email protected]
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The population of Canada is expected to hit 40 million within the next day or two, according to StatCan's modelling.

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[–] [email protected] 22 points 1 year ago (4 children)

Meanwhile, Canada's housing supply is running thin!

[–] [email protected] 18 points 1 year ago (2 children)

It sucks. I know it's not the only reason we're in this mess but I think it would give us a big break is we banned Airbnb.

  • Airbnb hosts with over 100,500 listings in Canada.
  • Only 17% of total Airbnb revenues in Canada is generated by true home sharing, where the owner is present during the guest’s stay. This means that in 2016/17, entire-home rentals comprised 83% of total Airbnb revenues in Canada.
  • Approximately 7-in-every-10 units on the Airbnb distribution platform are entire-home rentals, with guests having complete and sole access of the entire unit during their stay.
  • 1 in every 3 units in Canada is rented out for more than 90 days per year and generates 71% of total Airbnb revenues in the past 12-month period.

That's a lot of empty homes.

[–] [email protected] 13 points 1 year ago

Airbnb but also speculative and for-profit ownership. Homes shouldn't be bought to rent.

[–] [email protected] 1 points 1 year ago

doesn't that mean that 2/3 units are rented for less than 90 days? that means they should be utilizing capacity that would otherwise be sitting empty (i.e. because the owner is living in it for most of the year)?

[–] [email protected] 6 points 1 year ago* (last edited 1 year ago) (1 children)

Is the housing supply thin, or just availability? My city keeps claiming it needs to open new suburbs, while half the houses in my quiet downtown area are empty and up for sale at prices that are just unreasonable, because they were bought up by speculators.

[–] [email protected] 2 points 1 year ago

I'm not sure why cities keep wanting to build suburban single family development, we know it costs a tonne to support in the long-term. If we would build medium density instead on a large scale it would go a long way to fixing the housing crisis.

[–] [email protected] 3 points 1 year ago (1 children)

Meanwhile, Canada’s affordable housing supply is running thin!

FTFY

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

What did you change?

The fundamentality of cost is a means to manage scarcity. If something is running thin, meaning there is less of a thing than those who wish to have that thing, then cost must rise such that enough people lose interest in having that thing (i.e. it becomes unaffordable), yielding to those who still do want the thing.

The addition of 'unaffordable' changes nothing. It is already encoded in the original statement.

[–] [email protected] -1 points 1 year ago

Yup, it's horrible, and it's not with 1 million immigrant per year that the housing and rent supply will change, it will be worst and worst