Paul McKay
@pmckayhfe
Human factors engineer, cyclist, amateur photographer. Opinions expressed are my own.
ID: 827504439732887556
03-02-2017 13:10:07
308 Tweet
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The answers being given in the referenced interview are incredibly sad given the current state of the Cdn housing market. Basically a straight-up acknowledgment that the current govt intends to sacrifice future generations to prop up current housing values. Cc Stephen Punwasi ๐๏ธ๐๐โ๏ธ
When it comes to Canada's housing market, it's clear now that it was a deliberate strategy of the Justin Trudeau Liberal government to put the interests of foreign investors ahead of of Canadians 1/ theglobeandmail.com/news/politics/โฆ
โWe have a very good system of foreign investment creating a lot of new housing in Canadaโ Now that our government has said itโs a โgood systemโ to sell off our new housing supply to foreign investors (vs domestic homebuyers), why is this a problem? 1/ youtu.be/OZChbNQWH3s?t=โฆ
Ottawaโs housing market is so nutty that at least one builder is now soliciting bidding wars for new construction homes in the suburbs - thanks Adam Vaughan (cc Stephen Punwasi ๐๏ธ๐๐โ๏ธ Steve Saretsky): cardelhomes.com/ottawa/buy-onlโฆ
Canadaโs housing crisis will do more economic damage than most can imagine. Not through a crash, but elevated costs force young people to worry about shelter instead of taking risks. Itโs turned into a plutocracy to rent cheap labor to billionaires. jacobinmag.com/2022/01/canadaโฆ