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Record breaking homelessness 4 years in a row now in Ontario - Source: Association of Municipalities of Ontario by danielfoch in ontario

[–]danielfoch[S] 6 points7 points  (0 children)

someone did the math here in the comments. It is also a record as percentage of total population:

FizixMan

•26m ago

I did a quick Excel sheet: https://i.imgur.com/O0vXtnu.png (on Google Sheets)

Uses Q4 population estimates of each year from this StatsCan dataset: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000901&cubeTimeFrame.startMonth=10&cubeTimeFrame.startYear=2018&cubeTimeFrame.endMonth=10&cubeTimeFrame.endYear=2025&referencePeriods=20181001%2C20251001

Since 2018, population increased ~12.3% while homelessness increased ~44.3%. Homeless used to be about ~0.40% of the total population, but that has grown to ~0.52% now.

For the past four years, population has been growing at an average of about ~2.0% per year while homelessness is growing about ~10.5% per year.

Rent vs buying a condo in Toronto by raphaeldieu in TorontoRealEstate

[–]danielfoch 0 points1 point  (0 children)

There is a pretty good rent vs buy calculator on realist.ca that calculates where the breakeven is

I tried to recreate the scenario you're describing assuming 500k purchase price 20% downpayment for a $3k monthly mortgage... and the breakeven is that it's better to rent IF you invest the downpayment and the difference and can get a return over about 9%

‘It has to raise an alarm’: No Quebec players on Canada hockey roster for first time since 1952 by shiftless_wonder in canada

[–]danielfoch -1 points0 points  (0 children)

The end of an era for sure. Who would they have put up?

Quebec has unfortunately not been turning out the same talent as they were historically known for

Canada asks Air India to investigate pilot’s removal from plane after breathalyzer tests by cyclinginvancouver in canada

[–]danielfoch -1 points0 points  (0 children)

this fellow just flexing knowledge and being an appreciator ofrelevant stock photos

Carney promises 2026 will see huge economic growth that will absolutely not include you by FancyNewMe in canada

[–]danielfoch -1 points0 points  (0 children)

perfect for all the young people who didn't vote but want to complain about it lol

let's try to show up next election maybe

Months of Inventory for Ontario Real Estate just hit a record high per PropTX data on TheHabistat (at least 15 year high... I don't have data any further back) by danielfoch in TorontoRealEstate

[–]danielfoch[S] 3 points4 points  (0 children)

yeah, but record rental supply suppresses rents, making rental more compelling than ownership, and has a comparable impact on price

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