Sounds fun I guess?
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.
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.
Though Carney is a conservative. 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.
Wayland or bust.
Say we overhauled our firefighting and massively expanded controlled burns would that help, or would it just draw out the smoke inhilation at lower levels?
The financialization of housing is just monetary policy. The Bank of Canada gutting rates and doing QE is meant to entice people to sell their homes, and prices rise until people do it, in which case a mortgage is created as new cash in the economy and the house is securitized as a loan.
This then feeds into aggregate demand, to attempt to derive a 2% inflation target using an index that contains subjective hedonic adjustments to lower the value of goods, substitutions so as consumers buy cheaper food the CPI changes. The CPI also excludes housing appreciation but includes mortgage interest, so the Bank of Canada can print money to buy half of all mortgage bonds to raise home values, while effectively lowering inflation and depressing interest rates to further inflate home values.
https://www.bankofcanada.ca/2024/01/operational-details-government-purchases-canada-mortgage-bonds/
So really our government is simply antagonistic to renters and non-home owners, using financial repression to milk them for fake GDP growth.
teppa
joined 5 days ago
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.