Can't build wealth when half or more of the income goes towards rent or that 6% 1million mortgage.
Wealth disparity increasing, cost of housing increasing, GDP/capita decreasing, productivity decreasing. This is not the "The Great Reset" that I was envisioning after COVID19. I was dubious of course, but I really thought there's a chance of more progressive policies. But instead we just have the feds subsidizing electric vehicles tech.
cross-posted from: https://lemmy.ca/post/1242025
Home prices in Ontario have reached a point where they are pulling money out of other sectors of the economy and creating more challenges for business, warns a new report from the Ontario Chamber of Commerce.
As Ontarians spend more on housing, the report says, they have less money for other goods and services. The situation has resulted in “wide-ranging” implications for business in the province.
Home prices in Ontario have reached a point where they are pulling money out of other sectors of the economy and creating more challenges for business, warns a new report from the Ontario Chamber of Commerce.
As Ontarians spend more on housing, the report says, they have less money for other goods and services. The situation has resulted in “wide-ranging” implications for business in the province.
Sounds like you need to write for The Beaverton.
There was plenty of money invested into wars and oil extraction. C'mon!
"Deep state"??... must we copy every aspect of American culture, even their conspiracy theories?
Always boggles my mind how these people have the time to be crazy. Don't they have jobs to go to? How do they pay for groceries and stuff?
I fully agree with you and it's encouraging to see things like "Alberta Is calling" campaign. But, I wish the federal goverment would be more involved in spreading the immigrants around our vast land. It feels like all they do is set targets and "job done"...
Land ain't cheap where most of the immigrants end up going. Canada still offers a better quality of life but that will dimminish over time if housing issue is not addressed.
What's more concerning is that the goverment fails to realize that expensive housing is killing the economy.
Forget about the fact a huge chunk of money is going into an unproductive asset. Young people and immigrants who can't afford housing are gonna start looking elsewhere (US for example).
Who's gonna pay taxes to sustain the older folks in their empty million dollars SFH??
So what now? Does Justin asking a new rapporteur or does he cave and we get the public inquiry? Feels like he has exhausted all his options and there's nothing else left.
Sometimes showing up is half the battle. But a blank or spoiled ballot is still a form of a vote, a protest vote but still a vote.
I have no idea how make voters more informed however. Maybe they'll start paying more attention now that everything is going to shit? Outrage is a good motivator.
There should be a tax credit if you vote. Too many people dismiss the importance of local elections.
Meanwhile the federal government is worried about population demographics and spurring immigration in response.
A nice game of tug of war. Inflation will be with us for a while...
I've heard about this before, this is unbelivebly uncompetitive! Sounds like something the Consumer Affairs should look at.