According to our PM, Canada has never been more affordable. This article must be wrong..
CustardNo1173 on
No shit, Sherlock
fuji_ju on
For the asset-owning class, this was a feature, not a bug…
ImGudLuhv on
Started a side hustle a couple years ago, it was the same year I made the most I ever had at my big boy job.
Basically for every $1000 I made while self employed, I’d get to keep a little over $500 of it.
Alternatively I can throw a $20k downpayment at a property, call it my primary, update it a bit- after 12 months I can sell it tax free.
There’s a dozen other ways to leverage this to get ahead(SM, rent it out, BNB)
So yeah, no sh*t people will spring for sitting on RE vs actually working & watching half of it fukn EVAPORATE.
Nascar2k64 on
Housing will never be fixed short of a propaganda campaign to move people to affordable tier 3 cities.
leopardbaseball on
Nonsense!! Just ask any home owner or a boomer, they will say how the last decade has made Canada great again. Probably the best place on earth.
Cultus_Divi_Titi on
Down with the Gentrocracy!
bandersnatching on
This is not „analysis“. It’s AI slop produced by a Conservative propaganda website. They use AI to construct the argument that the high cost of housing is preventing business investment generally, which is what undermines „productivity“.
But the argument is unsubstantiated. Also, lack of business investment pre-dates the affordable housing shortage.
All that to say, beware what these partisan political websites claim.
imaginary48 on
Turns out that rapidly inflating the cost of living isn’t actual wealth creation or economic growth
BmaninKtown on
Yeah will never be fixed because home owners will get mad it’s sad
Light_Butterfly on
>Dr. Paul Kershaw, a policy professor in UBC’s School of Population and founder of Gen Squeeze says: „At bottom, our economy is not strong when residential real estate absorbs a growing share of our gross domestic product,” Kershaw told The Hub. “Productivity is driven by investment in machinery, equipment and intellectual property. It is not driven by borrowing to bid up the price of already-built homes.”
>Kershaw argues this isn’t just a fairness problem. It’s a structural drag on the economy, because as long as Canadian banks and borrowers channel capital toward existing residential real estate rather than productive enterprise, investment in the machinery and intellectual property that actually drive growth is left wanting.
>Kershaw’s proposed fix: the next National Housing Strategy should examine how to shift financial incentives so chartered banks lend less toward housing speculation and more toward productive business investment.
Accomplished_Try_179 on
I stand with PM Trudeau & PM Carney’s policies.
Rey123x on
Ford and Carney both 2 peas in a pod got to go. Canadians need to wake up and vote them out
Glittering_Novel_783 on
It’s almost like building an economy entirely around having rich boomers, corporations, and foreign entities buying property as investments. Is a bad economic plan?
Yet, the government still prioritizes keeping the plan going. Always a new program to “revive” the housing market, never actual change.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
14 Kommentare
According to our PM, Canada has never been more affordable. This article must be wrong..
No shit, Sherlock
For the asset-owning class, this was a feature, not a bug…
Started a side hustle a couple years ago, it was the same year I made the most I ever had at my big boy job.
Basically for every $1000 I made while self employed, I’d get to keep a little over $500 of it.
Alternatively I can throw a $20k downpayment at a property, call it my primary, update it a bit- after 12 months I can sell it tax free.
There’s a dozen other ways to leverage this to get ahead(SM, rent it out, BNB)
So yeah, no sh*t people will spring for sitting on RE vs actually working & watching half of it fukn EVAPORATE.
Housing will never be fixed short of a propaganda campaign to move people to affordable tier 3 cities.
Nonsense!! Just ask any home owner or a boomer, they will say how the last decade has made Canada great again. Probably the best place on earth.
Down with the Gentrocracy!
This is not „analysis“. It’s AI slop produced by a Conservative propaganda website. They use AI to construct the argument that the high cost of housing is preventing business investment generally, which is what undermines „productivity“.
But the argument is unsubstantiated. Also, lack of business investment pre-dates the affordable housing shortage.
All that to say, beware what these partisan political websites claim.
Turns out that rapidly inflating the cost of living isn’t actual wealth creation or economic growth
Yeah will never be fixed because home owners will get mad it’s sad
>Dr. Paul Kershaw, a policy professor in UBC’s School of Population and founder of Gen Squeeze says: „At bottom, our economy is not strong when residential real estate absorbs a growing share of our gross domestic product,” Kershaw told The Hub. “Productivity is driven by investment in machinery, equipment and intellectual property. It is not driven by borrowing to bid up the price of already-built homes.”
>Kershaw argues this isn’t just a fairness problem. It’s a structural drag on the economy, because as long as Canadian banks and borrowers channel capital toward existing residential real estate rather than productive enterprise, investment in the machinery and intellectual property that actually drive growth is left wanting.
>Kershaw’s proposed fix: the next National Housing Strategy should examine how to shift financial incentives so chartered banks lend less toward housing speculation and more toward productive business investment.
I stand with PM Trudeau & PM Carney’s policies.
Ford and Carney both 2 peas in a pod got to go. Canadians need to wake up and vote them out
It’s almost like building an economy entirely around having rich boomers, corporations, and foreign entities buying property as investments. Is a bad economic plan?
Yet, the government still prioritizes keeping the plan going. Always a new program to “revive” the housing market, never actual change.