Along with the certainty of death and taxes, a growing number of Canadians are pencilling in a third fate: renting. In the post-Great Recession years that have framed my adulthood, home ownership has shifted from an inevitable milestone my peers and I took for granted to an opportunity stretching further from our grasp.
By not only normalizing but embracing renting we can redefine what it means to live in Canada. This alone won’t solve housing gaps and spur necessary construction, but shifting public sentiment can offer an impetus for that necessary journey. More importantly, we can unlock economic gains that are currently sidelined.
On a larger scale, changing our perspective on renting can have economic effects far beyond individuals and families. Researchers Chang-Tai Hsieh and Enrico Moretti estimate that between 1964 and 2009, U.S. GDP could have been 13.5-per-cent higher if not for “increased constraints to housing supply in high productivity cities.”
Companies prize this too. When Toronto bid for the 50,000-employee Amazon HQ2 – the second headquarters of the e-commerce giant – housing availability was seen as one of its biggest deficiencies by critics and boosters alike. Then-mayor John Tory told the media as much, recalling that in a meeting with Silicon Valley businesspeople, the first questions he was asked were about housing supply.
Normalizing renting is like saying let’s bring back feudalism and peasantry. Everyone just rent off wealthy landowners and real estate investors so we can fill their pockets and accrue no equity of our own. No thanks.
Renting is normal. You have no point.
This is a joke right? A parody article. Cause no sane individual without a gun to his head could have written that with a straight face.
Hogwash. Read the room, 'journalist'.
Exhibit 452,378,043 on why you should never take any financial advice from MSM journo's.
Sure, let’s work harder to make landlords richer!
Big media on the WEF payroll. Planting the seeds of technocrat communism. NotMyCanada
MWMacKenzie One time I could not afford to buy a home . So I got a skill that was in demand and earned more money. Now I’m good . If your lazy In the land of opportunity that’s you problem.
Não se enganem com o preço. Olimpo é colégio comum como qualquer outro. A maioria que estuda lá não passa em vestibular nenhum. A maioria da minoria passa em faculdades particulares que você nunca ouviu e nunca ouvirá falar na vida. Pouca gente lá passa em universidade pública.
Pitching for the rich to have renters buy them assets...........we are in trouble Canada if this is what our leaders are wanting.
Rent from whom, pray tell.
Absolutely asinine. FFS
Globe editorial board first. Hypocrites.
Let’s normalize all aspects of communism by doing it in dribs and drabs. End of the day, you are still championing communism.
Renting is a zero net gain . We have rented liberals politicians in Ottawa and look where it got us.
No. Renting centralizes wealth. It keeps poor people poor and makes the rich richer.
Straight from the 'You'll own nothing and love it!' playbook! Hard to believe people still pay to read this stuff...
Kiev, late 1920's version. 'Let's normalize collective farming. Private land ownership is hurting the economy.'
Government controlled housing? Like Cuba?
Let’s start marketing Canada as such to foreigners then. “Come to Canada, where you will work minimum wage in crime-riddled Liberal cities, never find a family doctor, and never be able to own a house.”
It's not an obsession with homeownership that hurts the economy, it's the treatment of housing as a commodity that does the most damage.
One question who owns the rental properties
You'll own nothing and be happy. Now don't ask questions
You realize this kind of bullshit isn't gonna fly, right?
Remember to tip your landlord at least 20% on your rent this month, they work so hard by owning property and making you pay for it.
Are you for real?! So rich people want to 'normalized' poor people paying them rent. You greedy bastards will never stop will you? Remember poor people: 'You will soon own nothing and be happy!'
Who would own the buildings?
That's it. Lower everyone's expectations so when we go completely communist people aren't so disappointed.
No.
Let's normalize shaming tf outta anyone who repeats WEF agenda like it's anything but diabolically ghoulish to be fought every step of the way.
DefundLunacyMedia PartiCommunisteChinoisLibéralDuCanada LiberalChineseCommunistPartyOfCanada
DON'T TELL ME I HAVE TO RENT ALL MY LIFE WHEN I WAS RAISED IN CANADA BY HARD WORKING TAX PAYING PARENTS WHO STRESSED THE POINT OF WORKING HARD TO OWN YOUR HOME SO YOU WOULD HAVE SECURITY!!! SENIORS DON'T MAKE ENOUGH OAS & CPP TO AFFORD RENT IN CANADA ANYMORE!!!
Lol. Liberal policies are normalizing renting.
I worked in the rental industry. There are far more terrible tenants than good ones & the quality of housing will plummet because the owners will be too broke to make it nice or the corps too large to care.
This makes perfect Keynesian sense. All those ppl hoarding money in the value of their home are not contributing to 'money go faster' debt economy. Doesn't matter that it makes the economy more fragile. Or that in a hard money system too much savings tells business to invest.
Who ever wrote this was smoking weeds. The rent is shooting to the roof. With income under $100k, you will have a hard time to afford rent in Toronto.
WEF globalist nonsense.
Everything that once made Canada the best, most envied country in the world, is quickly being destroyed. Instead of fighting to preserve what we accomplished as a nation, we are allowing this government to slowly push us down to the world’s lowest common denominator.
What’s bring “normalized” is poverty. What’s being eliminated are hope, ambition and drive, and replaced with subservience, hopelessness and apathy.
But the government wants to expropriate landlords...
Haha. We should all rent? From whom do you propose is allowed to own the places we rent from? 🤔 WEFpuppet
Let's normalize throwing commies out of helicopters. Canadas obsession with allowing politicians to become assets of the Chinese government is hurting the economy.
Lol what ?
Blackrock needs more billions. Or did pm fancy socks already sell the country to jinping?
Someone owns those buildings, condos, homes that are for rent. Lol. What a dumb article.
Rubbish.
So who will own the homes? Who will profit from people not owning homes? It certainly will not be to the benefit of the non-homeowner.
Let's not normalize media spouting WEF/UN agendas. How about that?
No
What WEF Fascist Socialist BARF
Oh how WEF of you. Not surprised.
'We, the media, are not part of any conspiracy or global cabal spreading harmful messages and narratives on their behalf.' 'Also, you shouldn't own property. Conveniently, only oligarchs in said cabal should own it. For your benefit.' Thanks, bloodsuckers.
It would be crazy if people who bought houses had to turn them over to the gov't because of spiraling interest rates (set by the government). But if they're lucky, the govt might rent their own home back to them - at least for a while.
Just takeca closecLook to 🇩🇪. Really High Rentallevel. And literally No One builds New during the High Costs. And Rents are going through the Roof. And the Utilities too.
Covering up government incompetence. Pathetic to the core.
The Goebbels and Mail promoting Communism again: didn't you just publish a story about Chinese corruption of our last election, why continue to promote Communism? Try journalism instead of propaganda, check your numbers on the CCP election story.
Yeah cause everyone wants someone else telling them what they can and can't do in their home. The majority of rentals don't even allow small pets because the owners are more worried about potential damage to the home.
No, large real-estate rental companies hurt the economy and drive home prices up beyond affordable levels
Shill for the elite, renting concentrates wealth for the landlords, (the ones who OWN the real estate) keep the poor poor and fighting amongst themselves so they don't see the system is designed to function only for the benefit of the rich and powerful.
Only way to normalize rent is government to control them better 1600/2000 plus a month for a 1 bedroom.yet Ford says they not mortgage capable this country is messed up
Not only rent its beyond rent some of my neighbors can't sell as their is nothing they can buy in their budget or want to rent. A few people I talked to are thinking of leaving the Providence.
Apparently, most of the residential rental market stock is being gobbled-up by large investment companies, driving small landlords out and driving rents up.
Renting? The rent is expensive in toronto. Buying is a good choice for someone with long term ownership plan.
Renting is like throwing money out the window.
Cucks, cucking.
My first instinct: this must be satire.
This is easily achievable. Keep voting Liberal. Soon all private home ownership will be a thing of the past.
Normalize renting... so instead of paying 1200/month for a 5 bedroom home I can spend 3k a month for a one bedroom basement apartment... genius. How about focusing on normalizing SAVING and INVESTING rather than a $6 Starbucks or newest gadget.
Tone deaf garbage.
To anyone who made this article or agrees. Sell your house :) - You won't! ;)
who are they goin to rent from
Leave hard working Canadians alone globe. Your weak, woke, heavy socialist agenda is gross.
You will own nothing and like it.
You still think tuat when communism will come you will be able to surf the favors you do now? Good luck!
“You will own nothing and be happy” In reality most of us can’t afford to buy. Watch the market collapse now that the fake demand offshore investors created disappears.
And by 'the economy' you mean the ownership and laptop class serving the WEF, yes? 'Plebs owning some stuff means that our friends and us can't own everything', yes? You guys are a parody of both journalism but also evil propagandists. You're so bad at both. Infantile.
Let's redistribute tax monies given to Globe and Mail by our corrupt govt to right back tax paying Canadians. Communal love and all. Globe and mail should also relinquish their properties and cede them to Canadians. You will own nothing.
Boomers destroy the housing market and now tell everyone to rent lmao
So the rich gets richer
The Germans do it
Klaus Schwab approves this message.
So we can pay Backrock for the privilege of living in their ghettos? After all we’ll own nothing and be happy. This is nothing but propaganda normalizing the great reset.
Translation: government insiders will own all investment homes while they ramp up immigration so they can rent them out.
The Globe and Mail has lost all relevance and competence as far as “news”paper goes… it’s just a has been rag, the real news is on Twitter Bitchute Rumble and Telegram Plus Rebel News is showing real journalism qualities… like the Globe used to be
The rich who want to own even more of the Country approve this propaganda
How much does anyone want to bet the author of this article is a homeowner? Up yours with this capitalist propaganda.
No thanks. Owning my home is much better than having to deal with a landlord.
When was renting not normal?
Normalize renting by enabling renters to have comparable levels of security, wealth accumulation and community input as owners
Who’s paying the globe to promote this crap?
Let’s normalize not hoarding. Hoarding hurts the economy
Some more gaslighting from the G&M. Pathetic.
You will own nothing and be happy about it....Just who will the landlord be if people shouldn't own homes? The government? The chinese government
Why wouldn’t you want to own your own home? What kind of garbage article is this? 😂
Nope sorry but I want an end-date to paying for where I live and I want an asset to transfer to my kids. Renting is just paying someone else’s mortgage and they can kick you out anytime.
How about let’s not normalize home ownership being made unaffordable for avg Cdn’s and instead normalize a disgracefully inept and corrupt govt that caused it being held accountable?Preventative incentive for the future.
Are you kidding put the money in someone else's pocket
no it doesn’t, not building homes when people want homes hurts the economy by creating inflation
Fu
Unfollowed lol
Ok Klaus 👍
The rent for a nice place is currently unaffordable.
Buy, build equity, and save for your old age. Renting makes you depend on the government to survive as you get older. Who profits off renters? The elite. Do you want more in life? If so, save and buy a home within your means.
Trying to normalize poverty and perpetual economic slavery? The system is falling isn't it? I mean the globalist system of the central bank, federal reserve and imf!!!
Who wrote this and do the pay property taxes ?
Let's normalize limiting salaries of realtors, and prices of rental properties.... I make 32 an hour and I can barely afford a 1 bedroom in a decent area of wpg
1. Fk off 2. You still have to build homes to rent out 3. People have to OWN these homes. 4. Renting sucks.
'You'll own nothing and be happy' Right out of the script
Absolutely bullshit.
Ya, think about the Blackrock’s. They shouldn’t have to compete with you on homeownership, it’s better to rent from them instead thus pumping pension funds struggling to fund their liabilities.
Have you guys truly lost your minds? Or are you just spewing this kind of excrement because you are told to? Please enlighten us on why we shouldn't own a house...
2030 The Great Reset. The 1 thing that rarely, rarely goes down is Rent.
Doing the propaganda work for their overlords.
Yes, let's all rent from foreign buyers. This is great for the Canadian economy!
GFYS
Wow. Just. Wow. Our economy is hurt by Gvt policy, not by Canadians owning a home. Shame on you.
What? Are you kidding me? Home ownership should be something everyone can attain
No.
I don’t buy property in Canada. Period.
Lets normalize owning nothing and be happy, right!?
Let's normalize concentration camps it's better for the environment is going to be your next article 10 years from now. Thought we wouldn't notice u slipping in your wef agenda huh?
Yes! Let's own nothing and be happy with it!
You will own nothing and you will be happy
or 'Normalizing neo-serfdom and the blackrock/wef great reset.'
🤡🤡🤡🤡🤡🤡
You will own nothing and be happy Fire whoever wrote this piece of propaganda.
Better yet let’s normalize alternative media.
Rent from who? Property owners. Then who owns those properties? Government or Bill Gates and his friends? Welcome to communist Canada!
This can’t be real.
Let’s normalize developing infrastructure we need and can have if not for the lack of political will we have had in the past. It’s Canada, you should be able to own a home. Don’t settle for less because of our ineptitude. Do better.
This advertisement brought to you by black rock.
And u wonder why no one bothers to read this crap anymore
Let's normalize the rich owning all the homes and the middle class having nothing? Are you serious or is this an April fools joke in the wrong month?
Own nothing and be happy type thing?
How about we normalize like 150k immigrants tops a year. And the we can go back to having fucking houses. And not this fucking disaster of a future that ur giving to the young born canadians of this country.
In communism nobody had personal property!! Watch out, Canada!! Watch out!!
Here comes the WEF
“You will own nothing and be happy.” - The Globalist Mail
“You’ll own nothing and be happy” You disappoint me, The Globe. You use to be better than this
When you rent something, the intention is supposed to be short term - a car, a truck, tools, hotel room, etc. When you have long term goals, you buy. Let's not normalize renting. It's not normal. It shouldn't be normal. Enough with your propaganda FFS
This is insane. Give up your personal residence the one place you can go in peace. RATHER rent so you can be kicked out at anytime... home ownership is very important for many many reasons.
You will own nothing and...
Go to hell
So you want the government to own everything, paid for with our money and then we pay to use what we already paid for in taxes. Got it, commies.
And let the rich get richer? Fuck that
🤡🤡🤡 you’ll own nothing & be happy. Housing starts & building are good for the economy & stimulate it in a downturn. Many sectors benefit, including the financial sector as people borrow money. Not only this, the upkeep of homes keeps countless people employed.
How y seniors can afford 1000-2000 in rent these days?
'OMG Canadians are obsessed with renting, after we blew up one of the largest real estate bubbles on earth and gave everyone access to cheap equity credit for years! What gives!?'
Who owns the houses or the apartments or the condos?
You should be ashamed of yourself for writing a piece like this
And who will own the homes? The government?
How about we don’t. This country used to have a strong middle class. The Keynesian/MMT policies favoured by the ruling class are reducing us to corporate feudalism. That’s not something to normalize, it’s something to rage against and turn the tide of for a prosperous future.
Yeah and you'd love us all to work till 75 also. Work away and own nothing, retirement comes when you die.
Too many Politicians either have their greedy hands in Real-estate game in some form or they are too stupid to fix the serious problem. Take the friigin excessive greed out of the game. Homes are for living in not for investment speculating.
I completely disagree. Homeowners invest in their property as a matter of pride and to increase its value. They invest in their neighbourhoods to make a safe and enjoyable life for their families. Good for the economy and good for society.
Yes let's protect the haves and encourage the have nots to be satisfied with the few crumbs the haves throw their way. The great con lie of trickle down economics. It doesn't happen, the haves keep the money.
Globe you are pure trash
Yes. Brilliant. Let’s let our technocratic overlords own everything on earth. The plebs will be so thankful to the Olympians for giving them everything they need. Just don’t complain or your social credit score will be reduced. But hey, you can enjoy your life in the metaverse.
Biblical ratio here
Did Brookfield pay you to publish this?
Globe GOT WOKE GO BROKE. FAKE NEWS. YOU ARE THE ENEMY OF THE PEOPLE. WE LOVE OUR HOMES, COME AND TAKE IT FROM ME. YOU WONT LIKE WHAT HAPPENS.
The new normal. Only essential people will own homes
So if ownership hurts the economy then who gets to own those building? Landlords don't rent to wanting to house people they do it for profit. So guessing that you have no problem with them making money though
It seems strange that some think renting is abnormal; or that wanting to own where one lives is obsessive.
is part of the fake news MSM Very soon everyone involved will swing from a rope.
Sorry what hurts home ownership and the economy? Liberals maybe? 500k a year immigration! THAT IS THE PROBLEM you Nazi supporting State media liberal rag!
Let’s not normalize renters paying the mortgage for others bank mortgage debts
Sure, if rents were considerably less than a mortgage payment… In many cases, rent is more expensive.
I’ve heard that one before. You will own nothing and be happy.
Normalize reasonable rents too or piss off.
Ya let's all pay someone else's mortgage! Rent sment!
Let's normalize serfdom. The aristocracy detests upward mobility.
I see a lot of comments saying 'You will own nothing and be happy' I am halfway there. I own nothing and not happy yet. :)
This is a joke article right? Right?
brianlilley look it’s more fringe conspiracy stuff.
Renting from who u moronic twat? People deserve to rent from themselves. You want them all to rent from Blackrock? You should quit your job cause you suck at it…🤡🤡🤡
You don’t understand economics
Yeah, why not let all the real estate investors and land lords own everything? We’d be better off paying their mortgages instead of our own. /s
Did a ‘landlord’ write this?
Oh eff off.
Our economy is doing just fine!
Does Blackrock own you or just pay you a nice sum?
Propaganda rag. Not fit to line a cage.
EMIGRATE NOW! This economic disaster is going to take DECADES to recover from.
Kind of fits into the ' You will own nothing and you will be happy ' mantra of the WEF. Nicely done
Ownership needs to be easier to access. NFTs will soon be a cheaper way to get at least some proportional ownership in real estate that would be otherwise unavailable to the average person and cut out the middle man
All 3 levels of government in Canada have failed in creating an economic environment in which private-sector home construction can thrive. Their failure is not an excuse to downplay the benefits of homeownership.
Yeah ok.
You will own nothing and be happy?
I have a better idea. Stop mass immigration so we can catch up on the housing that is needed before we add 10% of the country population every few years without having the sustainable housing for those people.
You’ll own nothing and be happy. I heard this somewhere.
If my kids had this attitude I will have failed as a parent. The only thing I will rent is vacation homes
Yeah, yeah, we haven’t heard this before…
Who owns the homes being rented? Big fucking rental management companies, so they can get together and set prices.
You will own nothing and be happy. Globe and mail so tone deaf on this matter.
It's pretty normal already
Looks like you got Klaus's memo
start with WHO OWNS THE RENTAL properties? duhhh
I think we should normalize land claims and squatting again.
.....maybe if the rent price was cheaper than the mortgage price then lol maybe
Why would I want to rent... Ever? Why would I pay someone else investment? A place I have to go through an interview process just to be considered, that's not even a space I can modify to suit my needs? Where, at any moment, I can be asked to vacate. No thanks.
Renting isn't the best because someone else owns the property. You hear horror stories about tenants having to leave their building because it is getting teared down. I want to own a condo one day. Renting forever isn't a good thing.
home ownership and property rights are a cornerstone of every successful democracy. Plus a growing middle class. So let's try to focus on how to encourage that rather than the reverse. You know, so things don't feel quite so broken JustinTrudeau PierrePoilevre
Also work until you die on your desk
You'll own nothing and be happy
How about you take your WEF, “you’ll own nothing and be happy” BULLSHIT and STUFF IT!!! You worthless globalist SCUM!!!
Shut up WEFer. Renting is normal. So is ownership. Now…
You will not own a house and you will be happy
You will own nothing And you won’t be happy
Let's normalize communism, eh communists? Piss off.
sure!!! owners own the rentals!!!
My kid paid $900 a month for a bed, sink and bathroom all two steps apart in a Toronto basement She had to literally eat in bed since there was no room for a tiny table yeah
Fiscally irresponsible
Wrong in all dimensions.
Dogshit Opinion
Brought to you by the same people who snivel about greedy landlords
It IS normal because we have NO CHOICE
Just in case anyone didn't know that the globalistmail was a WEF propaganda rag
“You will own nothing and be happy”.
In Saskatoon, migrants have figured out the loop hole for buying a $500k+ home without a down-payment. Migrant mortgage broker working with migrant home builder working with migrant home buyer. Home builder fronts down payment to buyer, witch mortgage broker uses to get the deal
The WEF says we will own nothing and be happy. Looks like you are onside with their policy/vison. I'm sure your thoughts are your own though. 🤡
Wow, all the legacy media is really pushing the WEF agenda of 'you will own nothing and be happy' now. Shameful.
Get bent
Another propaganda campaign trying to make people believe this is true.
Zou vill own nuzthing and ve happee. Eat zee bugs.
You still don't hate the press as much as they hate you
People want stability
The Globe and Mail...as a mouthpiece of the Liberal Government...publishes an Opinion piece. The Headline should read... 'Houses have become completely unaffordable under the Trudeau Regime...But that's a Good Thing!' Fixed.
Uh-huh... definitely sounds like something we've heard
Yeah lets normalize getting other people rich while you own nothing ... Not the great talking point I think some think it is.
Communists.
You hear that, university educated white libs? You're just one of us. A filthy peasant unworthy of home ownership.
“You’ll own nothing and be happy”
Sounds like more WEF nonsense.
You’re generations late on this most basic form of living in Europe.
No thanks I love homeownership.
Who do you propose should own the homes? Government? Banks? Foreign investors? Having a paid off home when going into retirement adds a lot of security to elderly who are often of fixed incomes. They don't want people to feel secure because scared people are easy to control.
If you can't crush your own dreams leave it to our msm to do it for ya
Don't come crying when rent goes up or when you get thrown out for an Airbnb. Unless you're always moving around for work Renting should always be temporary
Why will we want to own nothing ? We won’t be happy. Rent just lines someone else’s pockets.
Yeah. Let’s just let the government own all the real property. What could possibly go wrong?
This is the promotion of communism by a government propaganda arm
🙄🖕🤡
How about we normalize home ownership and remove the politicians and obstacles in the way of making it a possibility for everybody? I'm tired of all modern agitprop saying 'settle for less'.
30+ years ago in Van ,I lined up with dozens of others, resume in hand to be interviewed for an Apartment to rent. It was humiliating - and is still done today. Owning a home has numerous advantages and should still be encouraged.
You will own nothing and be happy!
Wanting to own a home is bad for the economy? Dufuq kind of BS is this? lolz
Homeownership leads to: stable family housing, better health outcomes, and intergenerational wealth transfer...so no, renting is simply a step toward homeownership.
So, any way, want it or not, here it is. I don't have an app to put in a neat little article. This might span a few tweets... Prepare for... You were expecting it: yet another thread:
Let’s normalize home ownership. OMG, !! Did I just say that?
Normalize renting?
You sound like the WEF or at least a tool of propaganda for them!
I don’t disagree about normalizing renting. But for most home ownership isn’t an obsession it’s a goal that was once upon a time reachable
Ok can I be the landlord?
Dates back to this morning.
Oh, hey, shoudl I put my little notes/articles about this here?
Let’s make housing affordable. How about that?
Only attractive to those who already have nothing
Who wants to *rent* the secondary property I *own*? 😆 You will own nothing, but I will. (See how silly your article is?)
Does this mean that there should be government-imposed rent controls? The government should deal with rent fraud, not try and control rent prices.
Let's normalize working hard, saving, and budgeting properly so one can own a home. It's not an obsession to own a home. It's a goal.
This ties in with you'll own nothing and be happy. You can shove it
Renting from WHO Our criminal goverment
Hmmmm 🧐 sounds a lot like “you will own nothing , and be happy” ….
Has to be the stupidest thing I’ve read today. Sure - pay tens of thousands every year and still own nothing. Yet another plan to make you think that paying outrageous rent is good! Homeownership is bad said no one ever.
Are you kidding me … this is such garbage
Ownership of one home never hurts but ownership of multiple homes
Right…”you will own nothing and you will be happy” WEF
Canada's owner/renter split has always been 66/34%. Only a tiny % goes on the market annually ( death, moving, etc.) Only a tiny % of renters DESIRE and are even ready to buy annually. We must apply perspective to the supply & demand dynamic since it only involves that tiny %.
They want it all, to enslave future generations into paying forever without any equity, to pass onto future generations. It doesn’t hurt the economy, hurts the pockets of the wealthy elite who run the financial institutions.
Yeah, let's not.
I’d sooner turn over my home and property to family or to someone so that they haven’t the burden of struggling just to survive the unrealistic rental rates that are equivalent to mortgage rates. Investors, elitists truly want it all.
Oh’ what you really mean is that homeownership hurts ‘Financial Bowering’. If someone is renting then whoever is doing the renting owns the home. Sounds a lot like an idealized ‘you’ll own nothing and be happy’. Foreseeing baby boomers willing their property.
You will own nothing and like it!!! K . Schwab
Rent what? Someone owns what you RENT!
Yea, how bout Noooooo....
You lost ya mind?
Yes just pay forever and never own anything. 👍
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