Great news for Guelph! City staff giving the green light to the 70 Fountain St. E. tower is a textbook win for housing supply. The best way to tackle affordability and housing shortage is to let the market build. More density downtown means less pressure on family neighbourhoods.
“Not a penny of new money—there’s still the tax credits we got from last year’s budget—but solar, wind, renewable energy are ignored, but we’re going to get a big nuclear energy strategy. No surprise.”
– Green Party Leader Elizabeth May on the spring economic update.
#cdnpoli
"One concern shared by some post-secondary educational leaders is the sudden drop in newly approved study permits, which sends mixed signals to some of the top international students."
Nearly every time new technology threatens to make consumers lives better in Ontario, political leaders stand against change to “defend” jobs.
It is no mystery, then, that we don’t see real growth.
The role of government is to ensure the economy is competitive and creating lots of good jobs, that people have support if they lose theirs, and that people affected have ample pathways to future work available.
Over 95% of us used to be farmers. Automation didn’t take away our jobs, it gave us freedom to do other things.
Ultimately, this is what progress does. But too many of our leaders don’t get it.
There’s been a lot of ink spilled on the TN visa and “brain drain.”
But the debate is shallow. It confuses the mechanism with the problem.
Two things are true at the same time:
A) Canada should care that it subsidizes the outflow of talent.
B) Canada should focus far more on becoming a place where high-potential people see opportunities to stay and build great lives.
The TN visa is not the lever. Even if you killed it tomorrow, the United States could stand up a new fast-track without asking permission. We will have to compete for our talent.
But there are real things here we should be debating.
1) Should we gear more of our higher education system to be loan-based, and then forgive the loans for young people who stay in Canada? Yes to positive incentives for staying.
2) The United States taxes based on citizenship. If an American succeeds abroad, the IRS still has a claim. Canada does not, but should we?
If Canadians are successful abroad, it directly helps us lower taxes at home to be even more competitive.
(To people who think this is unfair, why do you think citizenship and loyalty don’t have value? Canada isn’t some free insurance/retirement plan, sorry)
3) Can we grapple with the fact our systems have made too much of our economy uncompetitive?
We have to address our oligopoly problem through meaningful permitting and competition reform. I talk about this a lot, but Canadians do not understand how much our insider economy is undermining us.
To raise incomes, you need competition for talent. And where there is competition, premium on highly talented is even greater. That’s how you create opportunities for High Potential Canadians.
4) Are we able to recognize that public policy has become extractive on young people?
Just look at programs like OAS, where income clawbacks don’t start until a retired couple has $180K in income. The same threshold is like $65K with families.
As our society has aged, we increasingly have said no to progress and development in the real world because it’s disruptive. But that’s exactly how opportunities get created.
Our nation’s decline is primarily burdening the young.
5) Housing, housing, and housing again. But no political leaders get what it’s going to take to fix it.
This is the quiet driver of everything.
Work in Canada no longer reliably translates into ownership, stability, or a clear path forward. That changes behaviour. It reduces risk-taking. It makes leaving rational.
You don’t need to outbid the U.S. on wages if you can offer a credible path to a good life. A home. Strong schools. Healthcare that works when it matters.
Wow, this turned into a longer rant than expected lol!
🏙️ Your opinion counts! Tell us what you want Wyndham St. N. and St. George’s Square to look like until May 29. Let's build a better Downtown together! 💬 https://t.co/isPpTs5ano
Very important reminder!
People sometimes ask for something from the wrong level of government, as expecting a federal solution to the housing problem.