So to everyone who says the Carney Condo Bailout may be a good idea if the price is low I say HELL NO
The right mechanism is what @vancolour said: Government shouldn't buy the Condos just change the law so Empty Unit Taxes apply to them
Prices will drop & they will sell
6/
I know I shouldn’t keep commenting on this, but it really blows my mind.
$1.45M per unit for 2,200 units that would have already been on the market, and at likely sold at lower prices than we’re buying them, had we not intervened.
It’s a an absolutely wild trade off.
With $3.2B, we could be capitalizing 6,000+ new “affordable builds”. More if we fixed how our housing system works.
This would have added even more affordable supply, helping more people while leading to more affordable market for everyone in general.
Given the scale of the homelessness/addictions issues we’re seeing in urban centers across the country, it’s just an unbelievable prioritization of public money.
If I had that money for Ontario, I’d be dedicating it to housing and treating those suffering on our streets, and giving people of this province their urban centers back. And I think the vast majority of people would prefer this use of money over a developer bailout.
It really tells us that this decision was not about creating affordable housing… because it is doing the opposite.
We should all be shocked that the guy who has a bronze bust of himself outside of the Court doesn't think there is a problem with him staying on the case
You don’t have to love Elon Musk to recognize what this headline says about us.
A country that spends more time criticizing wealth creation than encouraging it sends a clear message to builders: your success is tolerated, not celebrated.
Canada should be the best place in the world to build ambitious companies. Headlines like this make us look like we’re not quite ready for that.
WTF Is Going On Here? Loan Programs For Airlines To Help With Fuel Price Surge
How Fucking Crazy is this Government?
Why must they instantly throw support to their Favored Industries while Restaurants & other Small Businesses go broke at record levels?
Really Bad Choices
For the record.
In Canada, It Matters How the Economy Dies.
The Canadian economy is dead. It just didn’t die with a crash big enough to satisfy the models. No Lehman moment, no Covid‑style cliff, just two negative quarters of GDP, years of falling output per person, negative productivity, and a private sector slowly strangled by rates and regulation while the establishment insists the patient is “resting.”
On the facts, this isn’t ambiguous. Real GDP has contracted for two consecutive quarters on an annualized basis. Labour productivity has been flat or negative since 2021. Real GDP per capita is below its pre‑pandemic level. Ontario has logged its worst non‑pandemic quarterly job losses since the mid‑1970s. The only consistent growth is in government payrolls and compliance, not in private enterprise and investment. If that isn’t recessionary, the word is meaningless.
And yes Macklem threatens rate hikes through all of this insanity.
Yet Canada’s official guardians insist nothing fundamental has broken. The C.D. Howe recession‑dating committee says the downturn is not “pronounced, persistent, and pervasive” enough. The central bank warns against overreacting to “technical” weakness. Bay Street talks about “soft landings” and “resilience.” In some quarters, the answer to this slow‑motion collapse is not relief, but further rate hikes. Ignore the body on the table, we are told, the vital signs aren’t quite bad enough yet to fill out the certificate.
Their rulebook was built for heart attacks, not cancers. It excels at spotting sudden collapses in aggregate GDP and jobs. It barely registers slow organ failure: a few tenths off real GDP per capita each year, productivity edging down, ugly quarters for private‑sector employment and capex offset by public hiring. None of that triggers the old alarms until the damage is permanent.
Meanwhile, Canada has been busy throwing away the advantages that once justified its prosperity. Energy and resource projects are stalled or strangled. Business investment per worker trails peers. A country rich in capital, talent, and geography behaves as if it can live forever off inherited endowments while making it harder to build anything new. That is not “resilience.” It is delusion.
Canada’s economic establishment needs to wake up.
Two negative quarters of GDP, negative productivity, falling GDP per person, historic job losses in the core province, a suffocated private sector and calls for more tightening on top, are not signs of an economy “cooling toward trend.” They are signs of an economy that has already crossed the line from stagnation into decay.
The Canadian economy is dead in the way that matters: as an engine of rising living standards and a place where private capital is rewarded for building the future. It just didn’t die loudly enough for the old definitions. The real question now is not what we call it, but how long our institutions will keep pretending the corpse is “resilient.”
Removing internal trade barriers that create unnecessary costs and limit opportunities for Canadian businesses and consumers is critical to building one Canadian economy.
When it comes to direct-to-consumer alcohol sales, the federal government has done its part by removing all federal barriers to interprovincial alcohol trade.
Today, I expressed my concern regarding delays by certain provinces and territories in implementing a direct-to-consumer alcohol sales framework by May 2026. Now is the time for action.
Read my statement: https://t.co/Exw93oQFeb
Wow. Just f'king wow. The lengths to which revenge minded idiots with the backing of the CBC's purse will go to try to humiliate people who have already been canceled
"...it's one thing to be pranked as a passerby on the street, but it's quite another for a government backed, government funded entity to use fake identities, fake websites, fake company names, etc."
"I don't know, how does it look good for indigenous filmmakers to hire Americans with Canadians tax dollars to attack Canada's founding father and anyone who supports him. So I don't get it."
CBC needs to own this shitshow and stop trying to pretend it's arms length. The independent producer handbook from CBC shows that there is a CBC exec overseeing this once in production. Call this producer before the Heritage Committee
Watch it all and demand this project release the unedited footage of the attempted targeting @PresidentCBCRC@CBCOmbud@RachaelThomasAB
“Give them a massive amount of oil, agricultural land, copper, freshwater, and every natural resource in the world. Now make them neighbors with the biggest market in the world. Great, now have them leave the resources in the ground and instead flip condos to each other”.
Look up the experiment 'Universe 25' from the National Institute of Mental Health back in 1968-1973.
These "looksmaxxers" are behaving like the sub-category of mice in this experiment that were named "The Beautiful Ones"
Universe 25 didn't end well by the way...
Stubb: Ukraine is killing 30–35k Russians a month; Russia can’t replace losses. About 95% of kills are by drones.
Ukraine is retaking ground and in March launched more drones/missiles at Russia than vice versa. This isn’t charity anymore — the West needs Ukraine’s know-how.
1/
Community banks are the last place in America where a man in a short-sleeve dress shirt can approve a $400,000 loan based on the fact that he went to high school with your dad. There are 4,100 of them left. There were 14,000 in 1984. Every time one gets acquired, a teller named Brenda learns a new software system and a small town loses the only institution that would lend against a combine. The acquirer always says nothing will change. Brenda is gone in eighteen months. The lobby cookies go next. Then the branch closes. Then the building becomes a vape shop. This is not a financial trend. This is the slow administrative murder of the only version of capitalism that ever knew your name.