Is unfunded spending not future austerity?
Liberals seem to me to be the most reckless, increasing spending while not raising taxes. They already removed the capital gains tax, and we now spend more on interest than on health transfers, meanwhile we have a doctor shortage.
They just let the future to pay it off, then we suffer like under Chretien.
I thought it was just a dummy caught up in the moment, who didn’t understand the massive damage an EV fire does.
I guess I never assumed it was a serious revolt against the government. My mistake.
160 employees is definitely a microcap is it not?
EV fires are insane. Please find other less dangerous ways to protest, something not involving fire at least. The fire department are the ones who have to deal with it, and its not pretty.
I still like it better than another bailout for banks, who over levered for short term profits to attain their bonuses.
If you read the report it talks about a lack of affordable housing, and thus people living 20 to a house, alongside outlining the other reasons that make it inhumane. Am I wrong to infer mass immigration into a housing shortage holds no relevance to this issue?
Here’s the report:
Here’s the Bank of Canada on immigration relative to housing:
But there have been hiccups. Canada has long had housing supply challenges. The recent increase in newcomers has coincided with those material supply issues, raising questions about how chronic housing challenges might limit Canada’s future growth and what the implications are for inflation.
https://www.bankofcanada.ca/2023/12/economic-progress-report-immigration-housing-outlook-inflation/
Ford won’t do like Eby because his voters will revolt. Opening greenbelt is the only way to get houses built sadly, though I agree that is the logical thing to do.
The NDP were the only one to actually cost their platform.
The Liberals have $28-billion over four years in undefined spending cuts. Maybe its health transfers like Chretien did, we wont know until after the election I guess.
Imagine if we’d spent that trillion in new debt on mass transit. 125 mass transit lines I’d estimate at 8b a piece, and it would have actually helped the poor.
I’m eating a nice juicy steak while I read this. Most Canadians will be eating an animal that lived in inhumane conditions today too!
Ah yes, true prices would rise as Canadians compete with investors. We should disallow mortgages for those with second homes and ban foreign investment in perpetuity.
“At the upper end, government charges can represent more than 20% of the cost of building a home in major Canadian cities.”
https://publications.gc.ca/collections/collection_2022/schl-cmhc/nh18-35/NH18-35-1-2022-eng.pdf
Why did housing and rents double.
Why is a hamburger at Boston pizza now 19$.
Why do we spend more on servicing the debt we accrued during this period than we spend on health transfers?
I’m not really a conservative, I just don’t believe the progressives are actually progressive, I look at their track record. Mass immigration, debt accrual, and stagnant wage gains. Carney already also removed the capital gains tax, the first thing they’ve done for the poor in my eyes that wasn’t entirely dwarfed by the rising cost of living.
“Your rent doubled, but if you quit your job you get 500$ for dental, funded entirely by debt and future austerity. Why arent you appreciative?”
Conservative weren’t in power for the last 10 years. Can you explain how the ballooning cost of living is their fault, how did housing prices and rents double in your eyes?
The Vancouver special was made illegal in the late 80s for seemingly no reason. Every municipal has tons of bureaucracy on what can be built, likely in order to stifle new development and to raise home values.
This will succeed only in so much as the Liberals through Brookfield will take a chunk of profits. Which is fine, if it took a bit of corruption to wipe out municipal bureaucracy then its still a win for the poor.
Youth unemployment in Toronto is near 15%.
Unless you mean we need something resembling slave labor with poor salaries, worker rights, and housing to increase corporate profits?
There was a labor shortage, as per the Phillips curve, but the Bank of Canada raised rates to cool the economy and to lower the money supply. The shortage is long gone.
Yes it will, assuming they get rented out then of course it will.
The problem is zoning and developer fees. Our government at the municipal level is regressive with zoning and development taxes. While the Federal government uses mass immigration to artificially boost GDP to hide a technical recession, which adds a huge amount of new demand.
If we got rid of all zoning this would occur naturally. Its our distortion of the free market that’s ruined our cities.
We should give tax credit for wfh too perhaps.
Except our government doesn’t actually want housing prices to fall, or for there to be less people in the city.