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"A new survey by MNP Ltd. has found that 53 per cent of respondents said they are $200" pretty sure the only number that is different from pre-pandemic statist
by AzzieElbab 6y ago
"A new survey by MNP Ltd. has found that 53 per cent of respondents said they are $200"
pretty sure the only number that is different from pre-pandemic statistics is $200, used to be $1000. People in Canada have really low net cashflows and believe in real estate as the only form of saving/investment. It is common for people to spend more than 50% of income on mortgages, even after government introduced benchmarking.
- icegreentea2 6y agoIt was $200 and "about half" for a while. Ipsos does their polling for them... https://www.ipsos.com/en-ca/over-half-53-canadian-households-200-or-less-away-insolvency-yet-still-optimistic-about-financial https://www.ipsos.com/en-ca/over-half-53-canadian-households... (Earliest one I found so far, its 2016) https://www.ipsos.com/en-ca/news-polls/half-48-canadians-are-less-200-away-monthly-being-financially-insolvent https://www.ipsos.com/en-ca/news-polls/half-48-canadians-are... https://www.ipsos.com/en-ca/news-polls/Canadians-and-Bankruptcy-Oct-2019 https://www.ipsos.com/en-ca/news-polls/Canadians-and-Bankrup... https://www.ipsos.com/en-ca/news-polls/MNP-Debt-Index-Wave-8 https://www.ipsos.com/en-ca/news-polls/MNP-Debt-Index-Wave-8 https://www.ipsos.com/en-ca/news-polls/MNP-Debt-Index-Wave-7-Jan-21-2019 https://www.ipsos.com/en-ca/news-polls/MNP-Debt-Index-Wave-7...
- AzzieElbab 6y agois it safe to assume those articles are automatically generated every year? :)
- kspacewalk2 6y agoI smell a startup idea.
- CarelessExpert 6y ago> People in Canada have really low net cashflows and believe in real estate as the only form of saving/investment. Do you by any chance happen to live in Vancouver or the GTA?
- gscho 6y agoThinking this way is not isolated to those locations. For example there has been a huge influx of people buying properties sight unseen and over-asking price in places like Nova Scotia. https://www.ctvnews.ca/business/where-in-canada-are-house-prices-increasing-the-most-maybe-not-where-you-think-1.5379679 https://www.ctvnews.ca/business/where-in-canada-are-house-pr...
- CarelessExpert 6y agoIt's still a dysfunction that's especially, uniquely acute in just a few geographic regions. Speaking for all Canadians, as though a massive country of 30M people is a monolith, is ridiculous. Every time I see a comment like the OPs above, it's inevitable that a) they're from Toronto or Vancouver, and b) they think their experiences represent those of the entire country.
- AzzieElbab 6y agoboth. do we have any other cities? :) Sorry, I passionately dislike Montreal and Alberta
- CarelessExpert 6y agoFrankly, you should be sorry. Obviously everyone has their preferences for where they want to live. But there's no part of the country I "dislike"--let alone "passionately" so--and I'd hope and expect the rest of my fellow Canadians to be similarly generous and open-minded about the rest of their country and their countrymen. It's a shame you can't seem to find that in yourself, as every part of the country has something unique to offer, whether that's a small town in Saskatchewan or a massive suburb in Ontario.
- ggjjjttt 6y agoThis sort of attitude contributes to the affordability of Montreal. Thanks!
- atat7024 6y agoThis is most of Ontario.