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4 小时前Canada doesn’t have a terrible amount of respect for itself does it. So much virtue signaling with little action or actual care for the life of its citizens.
teppa
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Cake day: 2025年6月8日
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There is much that can be done federally. Pierre had a ton of good ideas, like tying immigration to housing completions, and forcing municipals to rezone by withholding federal funds.
So we accept that our currency is being debased by an inflation index that barely tracks real inflation, as we buy half of all mortgage bonds federally to juice home values and running QE, but we want to ban algorithms that attempt to maintain profits?
If you don’t want prices to rise then perhaps a lower inflation target makes more sense. Maybe even a law that wages automatically rise with inflation. But we all know they don’t want that, they would need to actually raise taxes if they did that, and housing wouldn’t turn into a giant ponzi scheme that artificially boosts GDP.
I love this guys videos. I wish they made him housing minister instead of that piece of crap former mayor of Vancouver.
As an old home owner or what?
Food bank usage is way up, housing is crisis levels, youth unemployment is nearing 20%. At least the last time the youth had it this bad housing was still affordable.
https://www.cbc.ca/news/business/youth-unemployment-rate-1.7549979
Its called capital shallowing. We need growth that can be absorbed organically, like what existed prior to the Liberals, but its being done desperately to hide falling GDP.
Sounds fun I guess?
Mass immigration to depress salaries for rich oligarchs and land holders seems to be destroying Canada far faster.
I don’t care about whatever wizards or fairies you believe in, superstitions are a relic.
Tying immigration to housing completions was his plan. Removing gst on housing was originally his idea. There was rezoning for density around transit and withholding federal funds from areas that don’t build fast enough to encourage rezoning and reducing development taxes. Then there was selling off federal buildings and land to build housing. He also criticized the BoC for ignoring inflation and doing QE, because it rewarded asset holders, and he even said he would fire Tiff Macklem for ignoring his inflation mandate.
Now we have a housing minister who says housing is an investment, and Carney himself essentially repeated that in a round about way. Elbows up for homelessness.
Canada has a bad record themselves, I’d hate to set a precedent that countries should care.
https://www.cbc.ca/news/politics/un-report-abuse-temporary-foreign-workers-canada-1.7293495
He’s not found guilty yet. There’s that whole due process thing.
He’s already largely made his plans known has he not?
We will get a 10% tariff unless we remove all our own internal trade barriers.
Do all the highest cost businesses not all have the largest government regulation?
Telecoms, housing, dairy and cheese, alcohol; even maple syrup is a cartel in Canada, its not normal that a tiny glass bottle should be so expensive.
Imagine trying to build them when a lot of land costs a million dollars and the house costs 300k; due to greenbelt that never used to exist, zoning that was a lot less regressive, and developer taxes were a tiny fraction what they are now.
We need to either lower the barriers or we need to stop the outrageous growth, as the missing middle podcast always says.
Sure we flooded the economy with cheap labor to depress wages, and we are buying half of all mortgage bonds to balloon home values and further indebt Canadians with full recourse loans, but heres a small handful of rentals, so we do care!
Though Carney is even more conservative than Pierre. His first act was gutting the carbon tax and the generational fairness capital gain taxes, his second act was promoting a housing minister that specifically says housing is an investment.
If the NDP wasn’t co-opted by the Mazerati in a Rolex we may have had a shot at someone good, but alas.
China does devalue their dollar to prop up their production. Though we arguably do the same by buying mortgage bonds and discounting home values in the CPI to keep our money loose.
I assume because of all the death to Israel people surrounding them. Makes it difficult to determine who the baddies are.