New Homes Promise Is A LIE | Canada Real Estate

Next promise will be a 1 Gazillion homes lol

The current government lies????? No way!

We really need an election…..

Next we have Doug Ford who wants to build a tunnel under the highway when they can't even complete the subway expansion project 14 years an counting

They promise the same thing in Australia 🦘 bunch of arsholes love your show 😅😅

Man its obvious to anyone with a brain goverment don't build homes (except with public housing wich is most of the time a big waste of money).

Private developpers buld so listen carefully with politicians saying they want goverment out of the eay not building...

Builders have to presell. If builders future price them, they will not get a shovel into the ground.

Of course it's a lie, it's impossible.

Hey Ron, could you talk about all the folks that don't qualify anymore with income for their mortgages.

There a surplus of home in Toronto since everyone is leaving and immigrants can only afford a basement apartment. Building more to fix the problem is a joke. The fix is to take the investors out of the equation... Single family are screwed...I've been trying to sell my 1mill semi in Toronto witch is better priced then any other home in the area and it's not moving (who can afford a 1mill mortgage when Canada doesn't have your back).

I had been a licensed carpenter for 40+ years, I don’t believe there’s enough people in the trades to work to build half a million houses by 2030-31 , that’s like building 10 new small city’s with 50,000 houses each , infrastructure alone would take LONGER. I doubt Justin Trudeau or Doug Ford have EVER built ANYTHING with hands , but maybe with their mouths, just ask them . I’m sorry, but 3.5 million homes is NOT doable.

In order for them be able to build again people have to be able to afford to buy again … Prices need to come down, like A LOT!

Its a lie otherwise we will be building an army of skilled labour just to start

Yeah i wondered why they made such ludicrous promises, I guess it's just to try to keep as much of the population off the topic as possible thinking it's going to magically fix/balance itself, just like the country's debt did like trudeau said years ago lol.
The only things I have seen approved here west of Montreal in the last decade are 8 to 15 storey high condo buildings, SOO many condo buildings built in Vaudreuil in the last 10 years alone, but a mere handful of single family homes built in that same time frame.

I know you blame taxes and development charges as being a big part of the problem, but ex. the Toronto market, in Ontario DC's reflect the actual costs to extend services (sewer, water, pollution control plant expansion, water treatment expansion, transit, parks and recreational facilities etc.) that everyone wants to have in their neighourhood. These are very real costs that otherwise need to be recovered from property taxes. But you're correct -- the lack of housing is simply due to an overpriced market.

With Vancouver and Toronto among the world’s most expensive real estate markets, Canada should modernize its commission structure. Reducing commissions to 1%, requiring detailed cost breakdowns, and introducing government oversight would align Canadian practices with those in Hong Kong, Singapore, and the UK. It is time to move beyond outdated, monopolistic practices and create a fairer, more accessible real estate market that benefits all participants. The government must act now to regulate this industry and protect consumers from unfair practices.

Vancouver and Toronto are often ranked among the most expensive real estate markets in the world, on par with cities like Hong Kong and Singapore. Despite their global status, real estate commission rates in Canada remain significantly higher than those in comparable international markets, creating a heavy burden for both home sellers and buyers.

Countries with Real Estate Commission Rates Typically Under 2%:

1. United Kingdom: Commission rates are usually around 1-2%.
2. Singapore: Seller agent commissions are around 1-2%, with minimal or no fees for buyer agents.
3. Hong Kong: Real estate commissions are typically around 1%.
4. Netherlands: Commissions are commonly 1-2%.
5. Switzerland: Rates often range from 1-2%, depending on the region and property type.

The Case for Lower Commission Rates in Canada:

• High Property Values: In cities like Vancouver and Toronto, where property prices are among the highest globally, even a commission rate of 1-2% would result in substantial earnings for real estate agents. For instance, a 1% commission on a $2,000,000 property would yield $20,000, a considerable fee for the services provided.
• Global Practices: Other high-value real estate markets, such as Hong Kong and Singapore, have lower commission rates, making Canada’s higher rates appear outdated and excessive.
• Nature of Services: Technological advancements have streamlined services like marketing, showings, and negotiations, making commissions exceeding 1% increasingly difficult to justify.
• Passing Costs to Buyers: High commission rates imposed on sellers are often incorporated into the property price by developers, indirectly passing these costs down to homebuyers and inflating overall property prices.
• Splitting the 1%: A fairer approach would be to have a 1% commission split between the buying and selling agents, ensuring both parties are compensated while making transactions more affordable for sellers and buyers.

To create a fairer and more open real estate market, greater transparency is essential:

• Detailed Cost Breakdown: Sellers should be provided with a detailed breakdown of how their commission fees are being used. This should include:
• Marketing Costs: A clear outline of advertising expenses and promotional strategies.
• Staging Fees: Costs associated with preparing the home for viewings, such as furniture rental and aesthetic enhancements.
• MLS Fees: The specific amount paid for listing the property on the MLS system.
• Justifying Commissions: Transparency ensures that sellers understand the value of the services they are paying for and helps justify commission rates. This would challenge the outdated system by giving sellers the information needed to assess whether the fees are fair and reasonable.

The near-monopoly held by the MLS system in Canada perpetuates high commission rates and limits competitive alternatives, resulting in:

• Overpaying: Homeowners and buyers are forced to absorb these high commissions, leading to increased costs and reduced affordability.
• Outdated Practices: The traditional 5-6% commission rates are relics of an earlier era and no longer reflect modern industry efficiencies. This structure disproportionately benefits real estate agents at the expense of consumers.

It is time for the government to step in and regulate this outdated system. The “Wild West” days of real estate practices, where commission rates are set without transparency or justification, need to come to an end. Government intervention can ensure:

• Fair Regulation: Introducing a cap on commission rates to make them more reasonable and in line with international standards.
• Consumer Protection: Ensuring that homeowners and buyers are not overpaying due to monopolistic practices.
• Increased Transparency: Mandating that realtors provide clear, itemized reports of all commission costs so that sellers know exactly what they are paying for.

The current structure of real estate commissions in Canada needs modernization and oversight. Reducing commissions to 1%, split between the buying and selling agents, would align with international standards and provide fair compensation. Increased transparency and government oversight would empower sellers and buyers, making the market more equitable and trustworthy.

People should move out from Toronto to west, like london, sarnia, waterloo, we are building so many many low rise homes, we have tons of land to build.

Just an observation. We dont have enough timber to do it lol.

We cut down 700y/o trees for siding 50 years ago.

We are left with scraps for resources.

$165,000 is the average cost of low-rise dwellings, on top of that land transfer tax on finished units is absurd. The number of housing starts in Ontario has been:

2023: 89,297

2022: Over 96,000

2021: 100,000, a 30-year high

2019: Roughly 69,000 









Ontario's goal is to build 1.5 million new homes by 2031, which would require an average of 150,000 new homes per year. However, housing construction has been slipping, and the province is at risk of not meeting its goals unless it takes "dramatic steps". 



The Ontario government's fall economic statement lowered its projection for the number of new homes to be built in 2024 to 81,300, down from the annual target of 125,000.

love it ron!!! KEEP SWMASHING !~!!! Your awesome!!!

City of Thorold is on an anti-rental, anti-2nd dwelling unit rage! so much for "new" housing and the Ontario building code changes.

Anyone in the trades in BC have know this for almost 2 years. Thanks for putting out the facts Ron.

Sir, you're talking about this like its a bug. It all becomes clear when you realise it's a feature 😅

Doesn't matter if I wanted a new house I would build another one

Trudeau is a liar !

The tree s no demand for one million homes in Ontario as long as they have people willing to live 16 to a basement. Literally 4 family of for homes off the development table for every home in Brampton.

we know that, liberals have not built anything for 10 yrs, catered to NIMBYs, boomers and environmentalists. At least ford tried to build, but boomers made sure that didnt happen

looks like it is true that the half percent rate cut in the US was all politics now they say its staying flat or going up. Working in the food industry our inflation is up 18% average across the board.

Politicians wouldn't lie. Would they?

Vancouver geography isn't the whole story. The amount of land wasted on idiotic zoning restrictions is unbelievable. A significant portion of ALR land for example is almost completely unused for farming. The stated goal of safeguarding Vancouver's food supply is a big fat lie as it's just used for wealthy people to build mansions on and maybe put in a small U-pick berry farm just so they get the tax break. It got so bad the BC government already had to step in and set a maximum square footage for new home construction on ALR land. There's not a lack of land because of geography, there's a lack of land because of arbitrary restrictions and cronyism.

No shit Sherlock. Oh, they are building new homes just those that no one can afford to buy, rent or lease.

There's not a supply problem, there's an affordability problem. There is no such thing as affordable housing because nobody is going to build for a loss. PP and the CPC could make inroads exploiting this Liberal Party lie but instead they are parroting it. The CPC has no solutions either.

But what about the tens of thousands of dog crates that are or will be ready? Oh, nobody wants them.

Excellent summary Ron!

Everything you said today was true and accurate as usual - Thanks Ron

Ron is the best

We need to bring in 50,000 mexican construction workers. Pay them $15 an hour they will gladly take it.

Agreed. Doesn't matter which government party. The only person who can help you own a home is in the mirror. Best you can do is vote for the government that will interfere with you the least with your own goals.

Hey !!! I like your video... BUT it' s NOT true most of immigration goes to Ontario And British Colombia,,, They go to Ontario AND Quebec !!... It' s a COMPLETE MESS here In Montreal, Quebec City and many many other smaller city : NO HOUSE OR RENT evailable... SOOOOOOO Many Homless ... TODAY in Quebec city THE BIGGEST STORE TOYS for kids will close !... Because her customer doesn' t want to go there anymore ( to much Homeless, Prostitute, drugs, violence...), family get harrassed, insulted, menaced... IT" S CRZY CRAZY SHIT right now : Quebec have WAY SURPASS there capacity to have ""NEW"" migrants... IT IS A SCAM from Justin Trudeau... it is a FU^^^^^ FRAUD... Almost EVERY BIG CORPORATION make lobeyist with LIBERAL party to bring CHEAP LABOR... To do that they have to MAKE FALSE STATMENT that they are not enought WORKER ... Wich is FALSE !!! Now, everywhere you go ( Insurance business, FOOD chaine, Delivery service... and many many more ), they NO MORE EMPLOYED WHITE PEOPLES... !!! It' s INSANE !!! No more ""White Kids OR Older peoples"" Working at Mc Donald OR TIm Hortons'... Even PUBLIC Government almost ONLY employed ""MINORITY NEW COMER""... If you want a job in University, Public Transportation, City Public Service... You have to be EVERYTHING... EXCEPT WHITE ! It' s CANADA GOING DOWN !!! Where Canadian BORN Peoples goes to work ??? Iran ?? Congo ?? Brazil ??? This is just CRAZY... Almost 80% of house selling in my place was ""NEW COMER""... Local have NO MORE the money to afford House ... ONLY NEw Comer... Trudeau have SOLD CANADA and CANADIAN NEW GENERATION have been trown away by there Gouvernment !! IT" S A SCAM, A SHAME !!!

Im in a small town in Northern Arizona , a couple years ago i walked over to the town center with a neighbor who was looking to add a skylight .We went inside and he spoke to a lady and she smiled and said there's no need for a permit if you own the home and that was that ,he had it done the next weekend .zero fees .

HIGH Taxes / Fees, Groceries, Fuel, Utilities, etc, etc, etc. Any money left over for savings and mortgage payments ?

not enough trades which equates to bad quality

It's 28k just to get permits to build single family home an hour outside of Toronto. They certainly don't make it affordable..

I don’t want the gubermint to build any homes.. seriously. Homes can be built by those who pay for it.

Ontario hasn’t even been able to reach 95,000 homes per year ( with Ford including long term care homes in that total). So of course it’s a lie. Or …. maybe it’s from a guy with tunnel vision.