Can Canada solve the housing crisis without aggravating climate deterioration?

In recent years, Canada often has bad weather, such as ice storms in winter, fires in summer and floods in autumn, which will do harm to houses. At the same time, there are countless tragic examples caused by the lack of commercial insurance. When can the family property insurance purchased by every household bear the cost? As climate change leads to many bad weather, it is more important than ever to check your commercial flood insurance. Let's take a detailed analysis of Canada's home insurance and the terms in the policy.

With the relief of the COVID-19 epidemic, Canada is now beginning to repair its economic development, and everything is developing in a good direction. Those who want to immigrate to Canada can also start preparing application materials, submit immigration applications as soon as possible, and cherish every day. The quota system for immigrant investment is very limited. I hope you can seize the opportunity and not miss the golden age of Canadian immigrant investment.

Recently, the reports of soaring rents in the north, Guangzhou and Shenzhen have been making headlines, and the topic of renting houses in first-tier cities has been rising constantly, which can make the renters in the city worry, and the wage increase can't keep up with the rent increase. No wonder more and more young people would rather empty six wallets to take on millions of housing loans than buy a house.

The key to Canada's housing dilemma lies in a relatively simple problem: there are more people who need and want houses (various types, whether houses, apartment buildings, rented houses or social housing) than those who can use them. According to a report of Scotiabank in January, the total number of residential buildings per 1 000 inhabitants in Canada is the lowest among all G7 countries. "Since 20 16 years, the total number of residential buildings per 1 000 Canadians has been declining". Simply put, a key solution to alleviate the housing dilemma is to build a large number of houses. However, this has increased the challenges related to climate change, such as preventing uncontrolled urban expansion from corroding existing greening and building more expressways, which in turn will lead to the demand for a large number of vehicles, trucks and SUVs.

According to DianneSaxe, former Ontario Commissioner for Natural Environment Action (both came last because the office was closed by the government department of acting governor Doug Ford), the transportation of crude oil such as gasoline and diesel oil is the biggest source of greenhouse gas emissions in various provinces. However, Hannah Taicher, a researcher at the Pacific Climate Solutions Institute of the University of Victoria, said that it is possible to reduce future emissions as much as possible while meeting housing demand. "The most important thing is to maximize the use and reuse of the existing total amount of engineering buildings," she said in an interview this week.

One of the important factors driving the continuous rise of housing prices is cheap assets. Since 2009, the Bank of Canada (BoC) has kept its important overnight rate at the historical bottom of less than 2%. Since the outbreak, its policy interest rate has been 0.25%. Conclusion: The interest rate of five-year floating mortgage pledge loan is as low as 1.25%, which encourages Canadians to buy real estate and pushes up housing prices. Although the central bank has a good reason to keep interest rates low, in 2009, it was to stimulate the economy after the economic downturn, and in the near future, it was to deal with the epidemic.