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!
teppa
joined 6 days ago
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.
Wayland or bust.
Because companies don't secure their systems. Its like they are leaving out unguarded cash registers and are telling people not to touch it as their main method of security.
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?
Can't provide employment or affordable housing to our youth, but we can shame their for their totally unexplainable drug use.
We need to rename all these streets and replace statues due to past transgression. But the monarch that pushed colonialization all over the world gets a pass due to fun crowns and funny accents.
Pierre would have won if Trump didn't tilt the scales, because we have had the second to last performance on a per capita basis in the OECD since 2015, arguably the Liberals have been a blight on Canada.
You can say you like Carney as an obviously smart guy, but the rest of the party is not something to be celebrated, Freeland is already back to not answering a single question to Vassy.
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.
Elbows deep!