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Pastel Ponylady

@pastelponylady

Canadian. RE (now bursting) Bubble watcher. Homeowner who believes HOUSE PRICES MUST FALL and remain attainable with local incomes. Nothing else will help FTHB, and even many existing owners.

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14.11.2024
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Latest posts by Pastel Ponylady @pastelponylady

#Toronto
Should be in every city in Canada. So many neglected old rental apt buildings out there

11.03.2026 16:24 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Thank you for sharing!

Long time coming, and any landlord whining about the costs to fix only have themselves to blame letting the deferred maintenance at their buildings get that bad. No tenants should be living in deplorable conditions.

11.03.2026 16:21 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

That's fantastic!

Happy Birthday!

10.03.2026 23:50 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
Hamilton firefighters battle major fire at Stoney Creek townhouses
Hamilton firefighters battle major fire at Stoney Creek townhouses YouTube video by CHCH News

#ON Don't know if it was all townhouses, or only freehold. Used to be block UP to roof decking between them. Yours could get smoke damaged, but you wouldn't lose everything if next door caught πŸ”₯

Also nice to live in -Block stopped sounds, smells, pests. WTF did they stop putting block between them?

09.03.2026 19:18 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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I regularly think the world would be better with more autistic politicians.

but, also me when I think about what being a politician entails...

09.03.2026 17:42 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

We have a hybrid, @ the much newer condo we rent it is charged off property, Our near 50yo house? It's not a strata so the capacity is fine, and she charges just fine when my spouse is home.

09.03.2026 17:34 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

In BC there's also capacity issues for people to get EV's. Stratas (condo complexes) of all kinds need reports showing electrical capacity & many, even fairly modern complexes would have to do big costly upgrades first. Unit owners can't get heat pumps in these places either & cook in the summer! πŸ₯΅

09.03.2026 17:34 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

OR we overbuilt a bunch of junk properties heading into the peak of the bubble and they'll be plenty of supply to sit and look for new owners.

eventually when costs calm down, developers who are left build things end users actually want to live in and buy and we have a boring home buying market.

09.03.2026 17:22 πŸ‘ 0 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

Even in Toronto -horrifically oversupplied with small condos w so many clearly vacant for sale they're trying to push that there will be a shortage of them soon enough, better buy now!🀣

Funny to see them attempt FOMO tactics on those of us who ignored their FOMO tactics and waited during the mania.

09.03.2026 17:18 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

We fixed it up and it's a lovely home now.

Place we rent for work is also fine, but viewed a # of gross, yet still expensive places to find it. Lucky we have the house so only need a small space over there.

09.03.2026 04:01 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

That's the place we bought. Heard from various neighbours the horrible conditions it was rented in for many years & to families w young kids! Lower income tenants put up w rental units in terrible shape/downright dangerous all the time to not be homeless. For too many in BC that's their options :(

09.03.2026 04:01 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

:( Awful. Me too, so many were struggling already w food costs.

Really privileged to have the $, space & time be able to offset some food costs. Picked up gardening back when the pandemic started and get a bunch of fruits and veg from my yard. I also have a big pantry/deep freeze area to stock up.

08.03.2026 23:42 πŸ‘ 2 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

When we were served landlord's use at the condo we rented near work in an area long term rentals are as scarce as hen's teeth- the STRESS. :( If we wanted if we couldn't find a decent place we could just bail on the area & be OK, other's can't & keep getting their whole life displaced like that!

08.03.2026 23:04 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

πŸ’― and absolutely wild in such a big country it's the lack of available safe affordable HOUSING making the bulk or entirety of financial insecurity & crushing stress for ppl. Buying a place that was a run down rental, & also renting to be near work was eye opening at just how bad things are

08.03.2026 23:04 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

Finding suitable long term rental housing on the coast there is a complete nightmare.

Sechelt- FIX your housing issue! If ppl can afford & FIND appropriate homes w those incomes ppl who can already legally work in Canada will relocate & take many of those jobs. Don't need to keep exploiting TFWs!

08.03.2026 20:26 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

If you come to BC, your wish is granted!

08.03.2026 17:57 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Can, but often incredibly difficult esp ppl w median incomes & anyone lower income. Renting for many can come along w being repeatedly displaced (landlords use evictions) and/or living in homes that are falling apart

My own home was a long time rental- LL rented to ppl for yrs w roof leaking!

08.03.2026 17:33 πŸ‘ 0 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0
Preview
From the legaladvicecanada community on Reddit Explore this post and more from the legaladvicecanada community

Link: www.reddit.com/r/legaladvic...

Have you ever lived in a strata that surprised it's owners with a larger levy? What were the clues something was coming? Did the strata keep the true scope of the issues out of their meeting minutes?

07.03.2026 19:18 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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#BC #Strata
have strata docs reviewed by pros, but also learn to spot potential red flags yourself. Sometimes, like here costly issues will not appear in minutes w enough warning for buyers to stay away

Too many units in BC careening towards even 6 figure levies to be lax. Strata- caveat emptor!

07.03.2026 19:18 πŸ‘ 0 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0
Preview
β€˜Crippling’: Sechelt could lose 300 temporary foreign workers, mayor says - BC | Globalnews.ca Sechelt resident Agnes Cabe said some temporary foreign workers are working in elder care as dental assistants and health care assistants.

#Sechelt #BC #TFW
Crippling? Cry me a river.

You know what's crippling? Insecurity felt by who cannot find clean, safe & suitable housing within those incomes.

Fix your local housing situation and people who can ALREADY legally work in Canada will happily move to your town to take those jobs.

07.03.2026 17:08 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

I didn't think when I wrote

"Additionally, because oil deposits inevitably run dry, we often rely on extraction efforts happening in other countries which may or may not be friendly.... and [its] cost can change quite dramatically based on supply and demand"

it would be so prescient but, well...

06.03.2026 20:29 πŸ‘ 1335 πŸ” 90 πŸ’¬ 28 πŸ“Œ 2

and before thinking #Ontario is properly funding their condos- they're NOT either. Comparing BC's stratas to ON condo's management, it's like comparing the student with a report card with all F's, to the D- student. Neither are doing amazing, one is considerably worse though!
Video in linked post

06.03.2026 20:12 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
Uncovering the built-in costs of being a condo owner
Uncovering the built-in costs of being a condo owner YouTube video by CBC British Columbia

#BCRe #Strata is NOT affordable housing.
Per sqft, its way more to carry & maintain a strata than a house

Long as underfunded complexes are common, or inflation runs hot, owners crushed by special assessments, unaffordable strata fees and insurance will make cont to make increasing news headlines

06.03.2026 20:12 πŸ‘ 0 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

hahaha to Phillip Glass of all people!

06.03.2026 20:00 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
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and my screengrab. How many of these places are contained units, how many would be for LT rent if STR was illegal? and how many other people in Nanaimo can't find anywhere to live while this is going on?

06.03.2026 19:55 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
'It's terrifying': Nanaimo mom who saved dozens in fire now faces homelessness
'It's terrifying': Nanaimo mom who saved dozens in fire now faces homelessness YouTube video by CHEK Media

#Nanaimo #BC #HousingCrisis
Totally Unacceptable- hope they housing before the clock runs out. This is traumatic to people!

As always in this nightmare - nothing affordable to rent, BUT plugging in anytime into airbnb with 1 adult, 1 kid, says there are OVER 1000 homes in Nanaimo to choose from.

06.03.2026 19:55 πŸ‘ 0 πŸ” 1 πŸ’¬ 1 πŸ“Œ 0

Um, absolutely. Unless we want to speedrun cooking the planet and ensure poor people can't afford water or electricity

06.03.2026 03:10 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Happy belated Birthday!

O'Hara was absolutely brilliant in everything she was in. She'll be greatly missed.

06.03.2026 03:08 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

Limiting it to the poor also creates places most people don't want to go or be. The countries that did this successfully and created communities could have a higher income professional living next to a low income single parent in the same building/complex.

05.03.2026 17:27 πŸ‘ 2 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

ONLY solution to the housing/safe rental crisis is building and actually maintaining social housing, there is zero incentive anywhere in the RE industry to actually supply enough appropriate for families, well maintained rentals for our population, anywhere.

05.03.2026 17:13 πŸ‘ 2 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0