FSW WORLDWIDE

[Ar12345]

I agree, but it seems to me that most people did not even watch the video and just assumed it was about Canada because the title read "Toronto Landlord".

This thing is pretty common in Canadian cities too. Speculators and large investors flood the market and rent out buildings at ridiculous prices. So the regular guy can't afford to buy a house or rent something nice due to supply and demand. Unless they change capital gains tax rates, this shit won't stop. But that won't happen lol

Why Canada is losing affordable rental housing faster than it's being built


Financialization in housing

As Canada's real estate market has heated up, large investors have brought industrial standardization and a financial focus to the landlord business.

The Bank of Canada says that one in five people buying a house is doing so as an investment.

Housing experts call this trend "financialization."

Martine August, an assistant professor in the school of planning at the University of Waterloo in Waterloo, Ont., estimates that 20 to 30 per cent of Canada's rental apartment market is owned by institutional landlords, and that real estate investment trusts — or REITs — own nearly 200,000 rental units countrywide.

Real estate investment trusts own or invest in income-producing real estate and distribute profits to their shareholders. Many are traded publicly on the stock market.

Some in the industry give similar estimates. REALPAC, the association that represents many of Canada's largest real estate companies, says the top 21 large real estate owners hold 17.6 per cent of the rental apartment market.

"We're seeing this kind of single-minded orientation towards trying to extract as much value as possible out of those buildings," August said.

"The important thing to realize is that those buildings are people's homes. And where that money comes from is basically tenants' pockets."

 

[HA1986]

This thing is pretty common in Canadian cities too.

Why Canada is losing affordable rental housing faster than it's being built


Financialization in housing

As Canada's real estate market has heated up, large investors have brought industrial standardization and a financial focus to the landlord business.

The Bank of Canada says that one in five people buying a house is doing so as an investment.

Housing experts call this trend "financialization."

Martine August, an assistant professor in the school of planning at the University of Waterloo in Waterloo, Ont., estimates that 20 to 30 per cent of Canada's rental apartment market is owned by institutional landlords, and that real estate investment trusts — or REITs — own nearly 200,000 rental units countrywide.

Real estate investment trusts own or invest in income-producing real estate and distribute profits to their shareholders. Many are traded publicly on the stock market.

Some in the industry give similar estimates. REALPAC, the association that represents many of Canada's largest real estate companies, says the top 21 large real estate owners hold 17.6 per cent of the rental apartment market.

"We're seeing this kind of single-minded orientation towards trying to extract as much value as possible out of those buildings," August said.

"The important thing to realize is that those buildings are people's homes. And where that money comes from is basically tenants' pockets."

I think it's safe to say that it's the same all over the world. People who need homes can't buy them and speculators are just running amok. Housing is supposed to be a basic right but who cares. As long as people are making money and pockets are being filled nobody cares.

 

[HA1986]

You can't pierce their pride mate. You won't be able to change them no matter how hard you try. Their system is a mixture of socialism and capitalism - a birthplace of crony capitalism. Just watch how they will squeeze the rent more and more while limiting the supplies of houses. It's best to keep your head down and earn your certificate and leave for greener pastures.

Lol did it really sound that serious? I was being sarcastic

 

[ElegantVegetable]

No manufacturing = no real wealth. Canada is not a truly wealthy country, but rather a disaster waiting to happen. The 26 year old "CEO" of that "cutting edge AI startup" in Vancouver will only last 6 months and won't sell shit. Construction, heavy industry, manufacturing and production are the only way enough number of quality jobs can be created leading to enough export and wealth. So in 4 steps:

1. Build more machines and services
2. Sell more machines and services
3. Build more buildings
4. Sell more buildings

Or, I guess what Canadians would rather do:

1. Worry about dumbshit stuff like global warming and keep voting lib who will happily continue to sell the country to the Chinese invaders.
2. Perish

What about Maple syrup?

 

[RSub]

Don't worry bro. Once we get our citizenship, we will head down south to the land of capitalism. No matter who I have talked to have said good things about the US - at least when it comes to owning houses. Yes, the land may be more expensive there but they are in proportion to your salaries. Canada is low salaries, high rental/ownership costs. If you have a high-paying job the medical issue is a moot point.


I like how Canadians like to show pride in their healthcare, but acknowledge it could take years to get a simple procedure done. It's only going to get worse when they bring in more people but won't increase the size of the medical staff force. I read this thread on Reddit yesterday about a man who lost his mother in the waiting area of the emergency room as there were no nurses or doctors attending the graveyard shift. People's response in that thread was "Oh well, bro. Time to move on. Nothing you can do about it now. It's not their fault they were short-staffed." How is that fucking acceptable in a first-world country? My shithole country is better equipped than that. This country is a ticking time bomb. When it does explode people's response will be - "But we are first-world! It's not allowed to have something like that happen to us!"

As an Indian, I am better off flying to India for a treatment even if it is for Cancer. India has the same state of the art healthcare infra as West. Cheaper, better service, trustworthy.

 

[wonderbly]

AT LEAST another 20 days before you will get it. More likely they'll ask for extension. I applied on 24th of Feb, so I should get it today if they don't ask for extension. I'll let you know.

@vinnn today I got an email from CBSA requesting an extension of time of up to 60 days .

 

[RSub]

@vinnn today I got an email from CBSA requesting an extension of time of up to 60 days .

Now that you have your PPR, play along. Lets see what those fuckers give you after 60 days.

 

[callebe]

Last week an agent told me my application was at RROC but now I got an email from mexico visa office (that was the primary before being transferred to rroc) saying that they received my upfront medicals. Is that normal?

 

[oinkario]

hows it going? you got ppr i guess

Nope I would definitely have announced it on this thread and Outlander PPR within the first hour of PPR.

Going okay though! What about you?

 

[EdmundDantes]

Last week an agent told me my application was at RROC but now I got an email from mexico visa office (that was the primary before being transferred to rroc) saying that they received my upfront medicals. Is that normal?

Hi, When did you do your medicals?

 

[LittleMaple]

That's interesting, thanks. I have a couple more questions, if you don't mind
- Did you send a performance request to IRCC before filing Mandamus or did you skip this step?
- Did they give a ballpark of how much it would cost, if IRCC didn't settle?

I sent several webforms asking them to finalise my application by a certain date, and also several before this asking about updates, status, etc, but of course I never received a reply.

And yes before I started the mandamus process they gave me a breakdown of what each stage would cost, it was going to be 1k for filing (which I paid), 2k for the second stage (preparing arguments and stuff for court), and 1k if they had to physically go to court to represent me (which he said 99% of mandamus cases never get this far). So in total it would have not been more than 4k. I only got the price after I had my consultation so not sure if the price is dependant on the complexity of the case, mine was pretty straightforward (single applicant, RFV according to gcms notes but just wasn't touched since June 2021).

If you're interested I would suggest booking the (paid) consultation, then you can get all your questions answered. I don't think you HAVE to go through with the second stage after filing, it will be up to you.

 

[PRANIT01]

I sent several webforms asking them to finalise my application by a certain date, and also several before this asking about updates, status, etc, but of course I never received a reply.

And yes before I started the mandamus process they gave me a breakdown of what each stage would cost, it was going to be 1k for filing (which I paid), 2k for the second stage (preparing arguments and stuff for court), and 1k if they had to physically go to court to represent me (which he said 99% of mandamus cases never get this far). So in total it would have not been more than 4k. I only got the price after I had my consultation so not sure if the price is dependant on the complexity of the case, mine was pretty straightforward (single applicant, RFV according to gcms notes but just wasn't touched since June 2021).

If you're interested I would suggest booking the (paid) consultation, then you can get all your questions answered. I don't think you HAVE to go through with the second stage after filing, it will be up to you.

Great info ,
Hmmm ,the whole mandamus thing I feel like giving a bribe to do their job even though I am not directly giving it to them .

 

[jessicajoon]

I am seeing PPR in 3-4 months for pnp applicants. Bunch of December AORs got one today.

Crazy!!

 

[Rkb94]

Great info ,
Hmmm ,the whole mandamus thing I feel like giving a bribe to do their job even though I am not directly giving it to them directly.

Hey, is there any movement in your file?

 

[PRANIT01]

Hey, is there any movement in your file?

Nothing bro I don't know whether they get special high when they string us along,I think again things are slowing down or they (VO Ottawa)are preparing for another batch release,I hope it is the second one and we all are done with it.
What about you any progress?
Usually people who got ADR got pr in 60 days but you know our buddies you can't predict anything.