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.
teppa
joined 1 week ago
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.
Sounds fun I guess?
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.
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.