Toronto : 90 per cent say life is becoming more difficult

Multiplication des pancartes «À louer» à Montréal

Facteurs multiples

C'est un véritable «cocktail Molotov» de facteurs qui explique les fermetures de commerces sur les artères commerciales, affirme le président de la SDC Boulevard Saint-Laurent, Glenn Castanheira.

Parmi les ingrédients destructeurs: les travaux d'infrastructures mal planifiés qui traînent en longueur, la spéculation immobilière qui provoque des hausses de loyer, la crise économique, la flambée du prix de l'essence et les impôts fonciers qui ont «doublé en 10 ans», énumère-t-il.

Son confrère Mike Parente ajoute à cette liste le manque de relève entrepreneuriale, la concurrence féroce du web et les problèmes de stationnement (rareté des espaces et prix des parcomètres). Tout ce qu'on a entendu sur les ponts, les manifestations étudiantes et la congestion n'aide pas non plus. «Ça fait un an qu'on entend à la radio «ne venez pas à Montréal si ce n'est pas essentiel» », se désole Philippe O'dwyer, directeur général de la SDC Quartier Latin. (a)

Ce n’est pas seulement à Montréal, que cela va mal.

Toronto aussi, par contre, ils sont fiers de leurs villes.

79 per cent say real estate is unaffordable

Quand on laisse le crédit facile trop longtemps, on a une sur spéculation sur les valeurs immobilières, particulièrement, quand les étrangers peuvent acheter sans restrictions.

Certains pays, comme en Allemagne et maintenant l’Australie, imposent des restrictions aux étrangers pour l’achat de biens immobiliers, réduisant la spéculation excessive (flip).

Permettant aux gens locaux d’être capable d’accéder à la propriété, évidemment comme Harper couche avec la finance, c’est le moindre de ces soucis.

De plus, il semble avoir beaucoup d’évasion fiscale dans ces acquisitions étrangères, entre temps, on réduit le nombre de personnel chez Agence revenu Canada.

Cherchez l’erreur !

 

Foreign Invasion in German's Housing Market: A Blessing

Are appropriate policy responses to deal with the flipside of the property bubble? First, tighten prudential policies for mortgage origination. Global liquidity conditions—including an ECB policy rate that is too low for Germany—have set off a search for yield that tempts many Germans to participate in the house price rally. That is a bad idea, and debt-to-income and loan-to-value limits could ensure that those who accept this gamble maintain sufficient buffers. Second, regulation of rent increases—if designed well—could protect the large cohort of tenants who else lose amid house price inflation. While price controls are distorting and become ineffective over time, a temporary ceiling on rent increases—as often in place elsewhere—could buffer the effect of house price swings on rents. Third, a real estate transaction tax—akin to the financial transaction tax—could slow the transaction flow and discourage flipping, while revenues could be put aside as reserve or be used to help those suffering most from house price inflation, such as families with increasing housing needs.

 

Taxpayers also victims of ‘hot money’ behind Canada’s condo bubbles

The condo bubbles in Toronto and Vancouver are caused by foreign speculation and are making housing unaffordable and creating financial risk for the country in terms of government-insured mortgages. But there’s another issue of vital concern to taxpayers.

There are three times more condo high-rises being built in Toronto than in New York City and seven times’ more than in Chicago. This boom is not the market at work, but is manipulation by “hot money” from abroad.

“I have come across something that I find astonishing, and which amounts to systemic tax fraud by investors, mostly foreign, on a massive scale,” wrote an investor involved in the industry. (1)

 

Ruée chinoise sur l’immobilier étranger

Les investisseurs chinois se ruent au Canada pour s’installer à Vancouver et pour y acheter des maisons. Leur nombre croît sans cesse pour atteindre, durant le premier trimestre de cette année, 29% du nombre total des investisseurs chinois établis à l’étranger, soit quatre points de pourcentage de plus par rapport à l’année dernière avec 25%. Avec l’impulsion due au facteur chinois, le prix de l’immobilier dans cette ville canadienne a augmenté de 12% en 2010. Selon les prévisions de Canada Mortgage and Housing Corp, les prix de l’immobilier à Vancouver continueront à s’accroître cette année au moins de 3%. (2)


Extrait de: People admit Toronto is too expensive but don’t plan on leaving, By James Armstrong,  Global News, October 2, 2014

Watch above: Toronto may be expensive, but the majority say it’s worth it. Alan Carter reports.

TORONTO – Torontonians say the city is too expensive, traffic is getting worse and it’s become an increasingly hard place for the average person to live.

It’s too much for some people – 38 per cent of 1,292 people polled by Ipsos Reid for Global News said they were thinking about leaving the city because it’s too expensive.

The wide-ranging poll does present a depressing outlook on life in the city:

·       90 per cent say life is becoming more difficult,

·       58 per cent don’t feel financially secure,

·       51 per cent are living paycheque to paycheque,

·       79 per cent say real estate is unaffordable, and

·       59 per cent aren’t sure they could find a comparable job if they got fired.

But despite all that – 75 per cent say those sacrifices are worth it to have a 416 or 647 area code.

Hamid Arabzadeh, the CEO of cloud computing company Ranovus spent 15 years away from Toronto. He lived in Brazil and Mexico each for two years, then he spent seven years in London and another 4.5 years in Germany. Then he moved back to Toronto.

“Apart from it’s a great place to raise your kids, I found that the ecosystem here for entrepreneurship and finance specifically is very buoyant,” he said. “It’s almost a perfect gateway to tap into the North American venture capital area and also to tap into the talent here locally.”

And the majority of people hold up Toronto’s diversity as one of its best qualities.

“It’s such a beautiful city,” Nav Bhatia, a self-described super fan of the Toronto Raptors. “It has everything, you have everything from here. You see people from all races, colours, creeds. Everybody’s here. You can get food of every kind here. This is one hell of a city, I don’t know where else to be.”

And the outlook is getting better. Ipsos Reid did a similar poll in 2011 asking people a variety of questions about how they felt living in the city – whether they liked living, playing, working and investing in Toronto.

More people in 2014 had a rosier outlook on life in Toronto than in 2011.

“I think we have something special here,” Arabzadeh said.  “I haven’t seen it anywhere else in the world and that’s why I decided to come back.”

The majority of people also said they are proud to live in Toronto (85 per cent) and believe the city is “world class” (79 per cent).

And they want more money spent on arts, culture and recreation: 67 per cent said the city spends two little on those three industries.

Ipsos surveyed 1,252 Torontonians on Global News’s behalf via an online panel between September 22 and 25. The survey is reliable within +/- 3.2 percentage points, 19 times out of 20.