Housing shortage - young people moving back home

[Big Sky]

With the recent snow, all of the neighbours have been out shoveling. It was a good opportunity to touch base with people that you don’t see much of in winter.

Talked to the one guy from a few houses down and he said his kid (early 30’s) has moved back in. The kid has a good job, but the landlord sold the place and the kid had to move out. He can’t find a place in the Calgary rental market due to a shortage of supply and stiff competition from other people.

The dad says that the people around the corner had their daughter, son-in-law, 2 grandkids and a dog move in with them. It was the same deal; the landlord sold the house they were renting. The young family couldn’t find a new rental and they have lost out on numerous bids to purchase a starter home. With no place to go, they moved back home. Supposedly, they both have good jobs.

I talked to my kid about this and he told me about a friend that he’s had since kindergarten who had to move back home. The rent went up $600 a month. He’s another good kid with a good job. He’s lost out on several offers to purchase and the prospects are looking bleak.

I feel bad for these kids. The price of housing is escalating quickly, necessitating a higher amount for a down payment and increased mortgage costs. You hear of people losing out even though they had the highest bid because they had conditions attached to their offer. Wanting a home inspection or a look at the condo documents will often cause you to lose out. With a lot of cash buyers in the market, someone who requires a mortgage will often lose out.

It’s tough out there, that’s for sure.

[Drewski Canuck]

A reality punch in the head is what alot of these under 30 year olds needed.

The rainbow fairyland promised by the Liberals is what these young people supported on two Federal Elections since 2015. Now, of course, we see that reality bites. No Rainbows, no fairies.

It sucks to find out your Parents actually were not such idiots after all.

Lets hope that lesson sticks with them going forward.

Drewski

[huntinstuff]

Originally Posted by Drewski Canuck

A reality punch in the head is what alot of these under 30 year olds needed.

The rainbow fairyland promised by the Liberals is what these young people supported on two Federal Elections since 2015. Now, of course, we see that reality bites. No Rainbows, no fairies.

It sucks to find out your Parents actually were not such idiots after all.

Lets hope that lesson sticks with them going forward.

Drewski

Nailed it.

I taught my kids to distrust government since they were little and likely didnt even know what government was......regardless....

The Trudeau fans should see what such an ideology will get you now. Some never will but theyre the ones who wont amount to much anyhow....they'll be marching, waving flags of other countries, seeking a "living wage", saving up for the latest iPhone and looking for a neutral bathroom.

[TBark]

Our youngest (27 now) never left, ha.
And is doing well, good Ops job, paying us fair rent, banking 2/3 of his pay.

Some day he’ll move out.

TBark

[roper1]

Our oldest came home from college, paid a little rent but dear old Dad made dang sure he was socking lots away. Skookum down payment on his first house.

[schleprock]

I spent three summers guiding at great bear lake in the early eighties and most of the guests were fairly wealthy Americans. It was very common for them to tell me that their sons stayed in the house until they were married as this gave them the opportunity to save up so that they could buy a house. Their daughters usually went to college/university and never returned home. Am starting to see this happening in my hometown these days.

[Desert Eagle]

Originally Posted by Big Sky

With the recent snow, all of the neighbours have been out shoveling. It was a good opportunity to touch base with people that you don’t see much of in winter.

Talked to the one guy from a few houses down and he said his kid (early 30’s) has moved back in. The kid has a good job, but the landlord sold the place and the kid had to move out. He can’t find a place in the Calgary rental market due to a shortage of supply and stiff competition from other people.

The dad says that the people around the corner had their daughter, son-in-law, 2 grandkids and a dog move in with them. It was the same deal; the landlord sold the house they were renting. The young family couldn’t find a new rental and they have lost out on numerous bids to purchase a starter home. With no place to go, they moved back home. Supposedly, they both have good jobs.

I talked to my kid about this and he told me about a friend that he’s had since kindergarten who had to move back home. The rent went up $600 a month. He’s another good kid with a good job. He’s lost out on several offers to purchase and the prospects are looking bleak.

I feel bad for these kids. The price of housing is escalating quickly, necessitating a higher amount for a down payment and increased mortgage costs. You hear of people losing out even though they had the highest bid because they had conditions attached to their offer. Wanting a home inspection or a look at the condo documents will often cause you to lose out. With a lot of cash buyers in the market, someone who requires a mortgage will often lose out.

It’s tough out there, that’s for sure.

It definitely sounds like it’s a thing in Calgary right now. I heard a week ago of a house selling for $80k over ask the first day it was listed.

I have friend’s leaving Calgary due to this. I could never live in such a big Center, I enjoy less crowds and craziness going on around me. I guess it is times like these that the young ones need to take stock of what is important to them, independence or living where they are. There are a lot f smaller centers that are much more affordable.

[ghfalls]

Originally Posted by huntinstuff

Nailed it.

I taught my kids to distrust government since they were little and likely didnt even know what government was......regardless....

The Trudeau fans should see what such an ideology will get you now. Some never will but theyre the ones who wont amount to much anyhow....they'll be marching, waving flags of other countries, seeking a "living wage", saving up for the latest iPhone and looking for a neutral bathroom.

I would say that you,sir, nailed it. The bigger problem, as I see it, is that a change of government won’t solve much. Kinda seems like we’re mid flush…

[MyAlberta]

I recommended both my kids stay home and build their egg. Oldest stayed, pays rent and cooks most meals. Youngest left, makes a dream income, but the Vancouver lifestyle sucks it all away. I think more young people should hang with their parents, and let the rental market respond to a leaner demographic. Speaking of which, my rentals will be getting a forth increase in as many years. Have to keep up with the market.

[W921]

South Alberta has a lot of little towns without even a gas station.
People from Calgary, Ukraine, Syria, Africa moving here. Ones from Calgary are usually retired but no work,water or doctors for any of them.
Somebody's extra room would cost 750 a month. Half a house would be 1200 and I have no idea what something like a whole house would cost.
Most jobs in town would be minimum wage part time jobs and you have same utilities bills plus you will need a truck to travel and gas isn't cheap.

[jstubbs]

This graph is a few years behind, I don’t even want to know how bad it is now.

[elkhunter11]

The people most effected by this situation are those that created this situation, by voting for socialists that promise free handouts. The truly sad part, is that they aren't learning that it's their actions that cause their situation, and they don't accept any accountability for their actions. So if they don't acknowledge the reason for the present situation, how can we change this situation? So the situation will continue to worsen, and the people responsible will continue to complain and blame everyone else for their misfortune, until they can comprehend why they are in that situation, and help to make the changes required to remedy the situation.

[Unregistered user]

Blame the wef puppet lieberal regime for this "Housing Crisis".

[Groundhogger]

I'm in Ontario in a suburb about an hour north of Toronto, in a house I bought new, about 27 years ago. My annual salary was just under 25% of the house value at the time. Today, my salary is less than 5% of my house value.

Another stark reminder of the way things are going-my 25 year old son (lives @ home, just finishing post-secondary) just went for the first job interview in his field last week. The salary he was offered is exactly the starting wage I got 27 years ago.

I think there is a temptation to criticize some of the things this younger generation does/doesn't do, but if my son wants to buy a house in the town I live in in 2024, he'd need to be prepared to spend a million dollars. Good luck with even the downpayment considering the sh*t salary.

[W921]

Originally Posted by Groundhogger

I'm in Ontario in a suburb about an hour north of Toronto, in a house I bought new, about 27 years ago. My annual salary was just under 25% of the house value at the time. Today, my salary is less than 5% of my house value.

Another stark reminder of the way things are going-my 25 year old son (lives @ home, just finishing post-secondary) just went for the first job interview in his field last week. The salary he was offered is exactly the starting wage I got 27 years ago.

I think there is a temptation to criticize some of the things this younger generation does/doesn't do, but if my son wants to buy a house in the town I live in in 2024, he'd need to be prepared to spend a million dollars. Good luck with even the downpayment considering the sh*t salary.

I have a Great Uncle who lives in Caledon which is or used to be very high end area.
Even where I live its definitely not affordable for young people
I keep telling them you have to move someplace where not many others want to live. Not a place that's stagnant but a place that's growing but still affordable. Example Saskatchewan.
Get a starter house and build equity.

[Smoky buck]

It’s funny how many are saying that people in their 20’s 30’s are getting what they asked for. You guys do realize the liberals were not voted into power by even these generations in Alberta or most of western Canada. There is a ton of people in theses generations that can’t stand present government or can’t stand any of the political parties and don’t vote

Don’t kid yourselves there is plenty of woke yuppies in the older generation that voted for social programs to get free stuff or wanted to feel good voting to save the world

The reality is we are all getting screwed by the way Canada has been managed. It’s not simply “if you work hard and budget” you can get it done. The cost of living vs wages and taxes are through the roof and if you do the math it’s actually a tough go out there getting started compared to what most here have gone through

The cities are stupid expensive yet families try to encourage their kids to stay close. You can find more affordable living in rural areas but it’s not the lifestyle for everyone. Really that isn’t that cheap but it gives kids a better opportunity

I have friends with younger siblings or older kids that have worked hard and saved but it’s not easy. Most are couples where both work and trying to save for their first home. I have know of 3 different couples that had to move back to their parents temporarily after huge rent increases. Some have saved a down payment for homes and have been out bid on homes do to demand for anything affordable in the area

Really Canada is a mess it’s not just a matter of work harder and save. We have friends in other countries that left Canada and hearing the difference in cost of living is crazy. My wife’s friend is in LA and here expenses are much lower than someone living in Calgary

It’s definitely tougher to get life started for younger people than it was for my generation. This is coming from someone who started life at 16 with no money and a backpack without any help from family.

Some of the BS posted here makes me think this is the old A&W crowd sitting around yelling at clouds thinking they could do no wrong and everyone else is a problem

Sorry guys we had it easier than those trying to get their adult life started theses days

[Sporty]

Originally Posted by Smoky buck

It’s funny how many are saying that people in their 20’s 30’s are getting what they asked for. You guys do realize the liberals were not voted into power by even these generations in Alberta or most of western Canada. There is a ton of people in theses generations that can’t stand present government or can’t stand any of the political parties and don’t vote

Don’t kid yourselves there is plenty of woke yuppies in the older generation that voted for social programs to get free stuff or wanted to feel good voting to save the world

The reality is we are all getting screwed by the way Canada has been managed. It’s not simply “if you work hard and budget” you can get it done. The cost of living vs wages and taxes are through the roof and if you do the math it’s actually a tough go out there getting started compared to what most here have gone through

The cities are stupid expensive yet families try to encourage their kids to stay close. You can find more affordable living in rural areas but it’s not the lifestyle for everyone. Really that isn’t that cheap but it gives kids a better opportunity

I have friends with younger siblings or older kids that have worked hard and saved but it’s not easy. Most are couples where both work and trying to save for their first home. I have know of 3 different couples that had to move back to their parents temporarily after huge rent increases. Some have saved a down payment for homes and have been out bid on homes do to demand for anything affordable in the area

Really Canada is a mess it’s not just a matter of work harder and save. We have friends in other countries that left Canada and hearing the difference in cost of living is crazy. My wife’s friend is in LA and here expenses are much lower than someone living in Calgary

It’s definitely tougher to get life started for younger people than it was for my generation. This is coming from someone who started life at 16 with no money and a backpack without any help from family.

Some of the BS posted here makes me think this is the old A&W crowd sitting around yelling at clouds thinking they could do no wrong and everyone else is a problem

Sorry guys we had it easier than those trying to get their adult life started theses days

Well said and agree 100%

[W921]

I never thought of myself as homeless but looking back I was but it was my choice. For years I just worked all the time and lived in a truck. Used truck stops or company I was working for as a mailing address. Showered and did laundry in truck stops. I did this by choice so I could save up money to get a start in life.

[SouthWestRanger]

Originally Posted by Smoky buck

It’s funny how many are saying that people in their 20’s 30’s are getting what they asked for. You guys do realize the liberals were not voted into power by even these generations in Alberta or most of western Canada. There is a ton of people in theses generations that can’t stand present government or can’t stand any of the political parties and don’t vote

Don’t kid yourselves there is plenty of woke yuppies in the older generation that voted for social programs to get free stuff or wanted to feel good voting to save the world

The reality is we are all getting screwed by the way Canada has been managed. It’s not simply “if you work hard and budget” you can get it done. The cost of living vs wages and taxes are through the roof and if you do the math it’s actually a tough go out there getting started compared to what most here have gone through

The cities are stupid expensive yet families try to encourage their kids to stay close. You can find more affordable living in rural areas but it’s not the lifestyle for everyone. Really that isn’t that cheap but it gives kids a better opportunity

I have friends with younger siblings or older kids that have worked hard and saved but it’s not easy. Most are couples where both work and trying to save for their first home. I have know of 3 different couples that had to move back to their parents temporarily after huge rent increases. Some have saved a down payment for homes and have been out bid on homes do to demand for anything affordable in the area

Really Canada is a mess it’s not just a matter of work harder and save. We have friends in other countries that left Canada and hearing the difference in cost of living is crazy. My wife’s friend is in LA and here expenses are much lower than someone living in Calgary

It’s definitely tougher to get life started for younger people than it was for my generation. This is coming from someone who started life at 16 with no money and a backpack without any help from family.

Some of the BS posted here makes me think this is the old A&W crowd sitting around yelling at clouds thinking they could do no wrong and everyone else is a problem

Sorry guys we had it easier than those trying to get their adult life started theses days

Good post

[Smoky buck]

Originally Posted by W921

I never thought of myself as homeless but looking back I was but it was my choice. For years I just worked all the time and lived in a truck. Used truck stops or company I was working for as a mailing address. Showered and did laundry in truck stops. I did this by choice so I could save up money to get a start in life.

I drifted between coaches struggling to eat for 3 years not by choice. In my early twenties I started a small construction company in Calgary where things were tight till I developed a reputation. I was self employed for 15 years 2 different successful businesses till I sold them for less stress working for others. Even worked for others well operating those businesses

But good luck doing that now. I know hard times, I know how to suffer, I understand sacrifice and understand hard work

It is not the same world out there

[Talleyrandophile]

Originally Posted by Smoky buck

It’s funny how many are saying that people in their 20’s 30’s are getting what they asked for. You guys do realize the liberals were not voted into power by even these generations in Alberta or most of western Canada. There is a ton of people in theses generations that can’t stand present government or can’t stand any of the political parties and don’t vote

Don’t kid yourselves there is plenty of woke yuppies in the older generation that voted for social programs to get free stuff or wanted to feel good voting to save the world

The reality is we are all getting screwed by the way Canada has been managed. It’s not simply “if you work hard and budget” you can get it done. The cost of living vs wages and taxes are through the roof and if you do the math it’s actually a tough go out there getting started compared to what most here have gone through

The cities are stupid expensive yet families try to encourage their kids to stay close. You can find more affordable living in rural areas but it’s not the lifestyle for everyone. Really that isn’t that cheap but it gives kids a better opportunity

I have friends with younger siblings or older kids that have worked hard and saved but it’s not easy. Most are couples where both work and trying to save for their first home. I have know of 3 different couples that had to move back to their parents temporarily after huge rent increases. Some have saved a down payment for homes and have been out bid on homes do to demand for anything affordable in the area

Really Canada is a mess it’s not just a matter of work harder and save. We have friends in other countries that left Canada and hearing the difference in cost of living is crazy. My wife’s friend is in LA and here expenses are much lower than someone living in Calgary

It’s definitely tougher to get life started for younger people than it was for my generation. This is coming from someone who started life at 16 with no money and a backpack without any help from family.

Some of the BS posted here makes me think this is the old A&W crowd sitting around yelling at clouds thinking they could do no wrong and everyone else is a problem

Sorry guys we had it easier than those trying to get their adult life started theses days

Thank you Smoky! The 20's/30's voting bloc is not homogenously Liberal, particularly in Western Canada. Even for those who are, I'm not sure I remember seeing an LPC promise to import 1.5 million people per year during the last election, so even those poor suckers who did vote for them got sandbagged.

[CanuckShooter]

Originally Posted by elkhunter11

The people most effected by this situation are those that created this situation, by voting for socialists that promise free handouts. The truly sad part, is that they aren't learning that it's their actions that cause their situation, and they don't accept any accountability for their actions. So if they don't acknowledge the reason for the present situation, how can we change this situation? So the situation will continue to worsen, and the people responsible will continue to complain and blame everyone else for their misfortune, until they can comprehend why they are in that situation, and help to make the changes required to remedy the situation.

It's far easier to point fingers at boomers and greedy landlords than it is to actually pay attention and vote. I see how many can't even be bothered to vote and it just boggles my mind. I think people that don't vote should pay double the income tax until they do.

[Drewski Canuck]

Smoky Buck,

We had it easier than the young people starting out today because we did not support far left leaning beliefs, and were not taught in Grade School far left leaning beliefs. Back then Government promoted performance and excellence so Canada could compete on the World Stage.

It is no secret that Children's School Curriculum and teaching ideology these days centers on left leaning ideas. This has been a problem for 25 years.

My oldest child had to be motivated to do his math homework. I offered to pay him for each completed assignment, and I had a sliding scale up to $20 for 75 % or better for each test.

At the Parent - Teacher "love of learning" meeting, I was called out on this merit based reward system, as it did not promote "love of learning". Yet to get into any Professional Faculty, the Administrators do not care one bit about how much you love learning. It is a brutal competition based on grades, but of course the Teachers forgot to tell their Students that fact.

My Son is now Practicing Law. His Junior High School friends are still "finding themselves" at the age of 26. Who do you think has a better chance at owning the roof over their head? Most important, WHY?

Real World life is also a competition, other than the Public Sector. The DREAM of owning a house is achievable for the Young Adults. But they seem to forget that the fruits of their labours and efforts is earning the money to own a roof over their head. That is their current nightmare. Who made obvious reality a nightmare? The Education System and the Agenda of the Left who have slowly taken control Government through the
Government Bureaucracy.

It is fair to call out the younger generation who supported a Government hijacked by the Left. It is the young adults who never believed that the real world demands performance and effort, because that is what they were taught in school.

The Young Adults are the ones who have to change the System that has been hijacked by the Left. It is the young adults who have to admit that they were lied to, and living in a tiny house or shipping container is not what they wanted after all.

It is the Young Adults who have to learn that all the "Participation Ribbons" mean nothing in the real world.

Drewski

[zabbo]

Having a glass of milk with a buddy the other day. His daughter phoned. He went outside and spoke to her for quite awhile. When he came back, he said she needed to borrow $300. He sent her $500. They were in Calgary some years back, moved to GP and then Vancouver. She and hubby are around 40 with two kids around 18. They are moving back to Calgary, because they can't afford Vancouver. They have made arrangements to live with my buddys ex until they find a place. Good luck with that! Might be a long time!!

[Smoky buck]

Originally Posted by CanuckShooter

It's far easier to point fingers at boomers and greedy landlords than it is to actually pay attention and vote. I see how many can't even be bothered to vote and it just boggles my mind. I think people that don't vote should pay double the income tax until they do.

Most are not blaming boomers or landlords

Majority blame the miss management of Canada or their province. More are voting but those who don’t it’s because of poor seat distribution. They are sick of wasting time voting when the decision is made before making it to the west.

I actually know more younger generation working and running a side gig to pay their bills than I ever seen from my generation and older. There is also far more couples with both working then in the past

[Smoky buck]

Originally Posted by Drewski Canuck

Smoky Buck,

We had it easier than the young people starting out today because we did not support far left leaning beliefs, and were not taught in Grade School far left leaning beliefs. Back then Government promoted performance and excellence so Canada could compete on the World Stage.

It is no secret that Children's School Curriculum and teaching ideology these days centers on left leaning ideas. This has been a problem for 25 years.

My oldest child had to be motivated to do his math homework. I offered to pay him for each completed assignment, and I had a sliding scale up to $20 for 75 % or better for each test.

At the Parent - Teacher "love of learning" meeting, I was called out on this merit based reward system, as it did not promote "love of learning". Yet to get into any Professional Faculty, the Administrators do not care one bit about how much you love learning. It is a brutal competition based on grades, but of course the Teachers forgot to tell their Students that fact.

My Son is now Practicing Law. His Junior High School friends are still "finding themselves" at the age of 26. Who do you think has a better chance at owning the roof over their head? Most important, WHY?

Real World life is also a competition, other than the Public Sector. The DREAM of owning a house is achievable for the Young Adults. But they seem to forget that the fruits of their labours and efforts is earning the money to own a roof over their head. That is their current nightmare. Who made obvious reality a nightmare? The Education System and the Agenda of the Left who have slowly taken control Government through the
Government Bureaucracy.

It is fair to call out the younger generation who supported a Government hijacked by the Left. It is the young adults who never believed that the real world demands performance and effort, because that is what they were taught in school.

The Young Adults are the ones who have to change the System that has been hijacked by the Left. It is the young adults who have to admit that they were lied to, and living in a tiny house or shipping container is not what they wanted after all.

It is the Young Adults who have to learn that all the "Participation Ribbons" mean nothing in the real world.

Drewski

When I have time for a longer post I will respond

[Trochu]

Is housing expensive in really desirable places to live, yes it is.
As everyone wants to live there, is there a competitive pool of employees, yes there are.

The obvious solution is to move, but quite a few people don't want to do that. In 2006 I moved to FSJ. Was getting paid pretty decent. Was chatting with a buddy in Edmonton, who had recently graduated and was working for an engineering consulting firm. Timmies in FSJ was paying within $1.50hr or what he was getting paid. We would have hired him immediately, given him close to a 30% raise, but he absolutely refused to move, wanted to stay in Edmonton. Not always, but often time there is a solution available, but, the Netflix is way better in Calgary, so people don't' want to move.

[W921]

Originally Posted by Smoky buck

I drifted between coaches struggling to eat for 3 years not by choice. In my early twenties I started a small construction company in Calgary where things were tight till I developed a reputation. I was self employed for 15 years 2 different successful businesses till I sold them for less stress working for others. Even worked for others well operating those businesses

But good luck doing that now. I know hard times, I know how to suffer, I understand sacrifice and understand hard work

It is not the same world out there

In agricultural there is and always was jobs that provide housing because workplace is remote. A lot of young people dont want to live on a feedlot. Haha or if you took them to cabin an hour south of manyberries with no internet or phone and said I will see you next month they would think you were crazy haha
Plan b for me if I was starting out would be just to get a piece of land . Could b just a building lot but park a camper or mini cabin on it. That or build a garage or barn with living quarters on it . Where I live they have as million by laws against this but in other area's I know its possible.
I bought land instead of a house years ago. We were basically camping for years but only way to own land.

[Pekan]

Someone mentioned a house selling for way over asking price. This game is played by realtors and it really needs to be a crime in my opinion.

Back in Ontario they started playing this game 25 years ago and now it's catching on out here. The real estate sales business is the shadiest, unethical, BS group of greedy, self serving SOBs there are. It wouldn't surprise me if they offer courses on how to successfully orchestrate a bidding war.
It's really interesting how people seem to think agents have their best interests in mind, when they're motivated by getting the most pay for the least amount of work possible.

Vancouver is another great example of realtors running amok and gaming the system. A few years ago it was discovered that they would get a listing from an old person, buy the house themselves for a discount by lying to the owner, then selling it again for a huge profit, all while the old person had no idea and was still living in the home until posession date. No ethics, just greed.

My point is all these scams have an effect on the market by incremental gains in property value. Toronto and Vancouver were the first, now it's in Alberta.

[Pekan]

I really thought that the only benefit of the idiotic covid years would have been remote work catching on more. For those that could work remotely, it gave the worker the chance to move to a smaller community further away from say Calgary downtown., where real estate costs are lower.
It was a best of both worlds kind of thing, live there you want to while still doing the kind of work you enjoy.

But for reasons beyond my understanding, companies would rather shell out massive commercial rents to have people in the office, rather than allow their people to work remotely. Makes no sense to me, the company can get by with a fraction of the office space, employee lives where they want and doesn't waste time commuting.

Remote work doesn't seem to be brought up as a possible solution to the housing "crisis". The commercial real estate lobby must be strong.