Real Estate

More people living alone needing housing

  • Last Updated:
  • Feb 15th, 2020 5:38 am
[OP]
Deal Addict
Feb 19, 2017
1797 posts
1160 upvotes

More people living alone needing housing

https://www150.statcan.gc.ca/n1/pub/75- ... 03-eng.htm

Just because I saw it officially being put out by statscan thought I would throw this out there. We keep building housing like it's the 80s or 90s yet society has changed. No idea how anyone could be a bear anymore in real estate, especially considering the large number of people who can't even find a home. And I say this as a person who wants decreases in the market (so I can upgrade, I'm allowed to be selfish lol). But god damn these statistics are insane...
RFD is love. RFD is life. I wish I had an RFDer for a wife.
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Dec 13, 2016
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This is why a guy in my 40s doesn't live in Canada. I'd be forever alone.

So many well paid Asian single women.... In Asia. No need to be slumming it in Canada on 1 salary.
Deal Fanatic
Feb 22, 2011
6088 posts
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Toronto
"We keep building housing like it's the 80s or 90s yet society has changed."

We aren't though, there are way more condos being built now than before.
Deal Fanatic
Feb 9, 2009
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BiegeToyota wrote: This is why a guy in my 40s doesn't live in Canada. I'd be forever alone.

So many well paid Asian single women.... In Asia. No need to be slumming it in Canada on 1 salary.
How’s Thailand these days? I’m planning on an early retirement there in about 10 years but heard the price is going up quick
Deal Expert
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Oct 26, 2003
31765 posts
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Winnipeg
LoANeal wrote: https://www150.statcan.gc.ca/n1/pub/75- ... 03-eng.htm

Just because I saw it officially being put out by statscan thought I would throw this out there. We keep building housing like it's the 80s or 90s yet society has changed. No idea how anyone could be a bear anymore in real estate, especially considering the large number of people who can't even find a home. And I say this as a person who wants decreases in the market (so I can upgrade, I'm allowed to be selfish lol). But god damn these statistics are insane...
Basically we need a lot more high rises with 1 bedroom suite or those mini 250sqf suite in Vancouver. For people who like single detached, we can have 2 bedroom 800 sqft with a 400 sqft backyard, fenced, garage optional.
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Mar 9, 2007
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Think of the Childre…
Developers should look into Mini-Houses and build a community of them. Cheap, fast and affordable.
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WOULD SOMEBODY THINK OF THE CHILDREN!!!
[OP]
Deal Addict
Feb 19, 2017
1797 posts
1160 upvotes
mazerbeaner wrote: "We keep building housing like it's the 80s or 90s yet society has changed."

We aren't though, there are way more condos being built now than before.
More so the quantity than the types. Just roughly:

https://www150.statcan.gc.ca/t1/tbl1/en ... play=false

God willing the link works but the data is filtered for Ontario. It does show sure the type of housing starts has shifted. Used to be more single detached and now that's a lot less. But here are the number of starts:

1980: 40127
1985: 57311
1990: 62649
1995: 35818
2000: 71521
2005: 78795
2010: 60433
2015: 70156
2016: 74952
2017: 79123
2018: 78742
2019: 68985

Society is shifting a lot, people are living alone and longer and we are growing as a country and inviting more immigrants (not against conceptually, people don't have babies). We need more homes built but governments remain basically set in their ways. Despite the dips in starts here and there there really isn't that many more houses being built. Like here are our decades Avg per year started which should eliminate some of the downturn issues:

1980-1989: 67672
1990-1999: 51700
2000-2009: 74448
2010-2019: 69716

Considering the shift that is occurring in society I would definitely argue governments remain in the past with their thinking....
RFD is love. RFD is life. I wish I had an RFDer for a wife.
[OP]
Deal Addict
Feb 19, 2017
1797 posts
1160 upvotes
divx wrote: Basically we need a lot more high rises with 1 bedroom suite or those mini 250sqf suite in Vancouver. For people who like single detached, we can have 2 bedroom 800 sqft with a 400 sqft backyard, fenced, garage optional.
I personally wouldn't be happy with one but I have about 4 friends in their late 20s who would jump at the option of being to afford a 250sqft condo just to be able to move out from their parent's house. Personally I would hate that size but honestly there is demand for lots of units that are affordable today, let alone the years from now that it takes to build
RFD is love. RFD is life. I wish I had an RFDer for a wife.
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Dec 13, 2016
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Sanyo wrote: How’s Thailand these days? I’m planning on an early retirement there in about 10 years but heard the price is going up quick
Pullution... Bad Healthcare, 3rd world government that consistently lies... Expensive as hell if you want a western lifestyle, but the choice of well educated women is incredible. I'm dating a Chinese gal now. MBA, 5 languages, great job and lives with parents.

But back on topic. Since I got a divorce I have moved to one of them 1 bedroom 300sqf condos and honestly it's really not that bad for a single guy. I'm paying 10,000 baht a month (320 USD) and the building has great facilities and coworking space. It's also right next to skytrain. Can post pics as this is the future of Toronto condos.... Tomorrow when I get out of bed.
Deal Expert
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Oct 26, 2003
31765 posts
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Winnipeg
BiegeToyota wrote: Pullution... Bad Healthcare, 3rd world government that consistently lies... Expensive as hell if you want a western lifestyle, but the choice of well educated women is incredible. I'm dating a Chinese gal now. MBA, 5 languages, great job and lives with parents.

But back on topic. Since I got a divorce I have moved to one of them 1 bedroom 300sqf condos and honestly it's really not that bad for a single guy. I'm paying 10,000 baht a month (320 USD) and the building has great facilities and coworking space. It's also right next to skytrain. Can post pics as this is the future of Toronto condos.... Tomorrow when I get out of bed.
small house and yard less maintenance, i think it is fine for a single

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