Sylvia Jones as opposition member in Queens Park stated, "When Doug Ford campaigns he doesn't send the bill to the taxpayers."
AG Spence audit found, over the last 8 years, Doug Ford billed Ontarians $452 million in shameless advertisements.
@danielfoch@elSchtaunko I was at the Restaurant Table in 2022 when Dan said the Government would eventually bailout Developers
I disagreed with him, I said bailing out Developers would be too politically toxic
He was right
I was wrong
But the Government was much more WRONG to bailout the Bastards
Premier Doug Ford often says "polls are for dogs" and now, one polling firm is barking back.
Angus Reid confirmed it has sent a legal letter to Ford after he accused the firm of publishing a “fake poll" that ranked him Canada’s least popular premier. Story:
https://t.co/LjLrOfbWxB
So if you are a family that can’t afford your mortgage because of a job loss, you are forced to sell at the current market price
But if you are a developer that built product that no one wanted, you get a taxpayer funded bailout
The stupidity is amazing 🤦♂️
Canada is buying thousands of overpriced Vancouver condos in order to….checks notes
Convert them to affordable housing
The builder bailout keeps getting crazier.
Mark Carney basically announcing a bail out for Vancouver and area developers;
Too many completed condos sitting empty. Metro Vancouver alone around 2,500 finished units are standing vacant with no buyers.
They don't want to sell at a loss, they can't afford to hold those empty units indefinitely.
We will convert vacant condos into affordable housing. We're going to go use the right financing mechanisms, convert those into affordable housing so people can move in and use that."
Greed and horrible municipal planning has led to building overpriced shitboxes that no one wants.
Now Carney will reward that with taxpayer dollars instead of letting the market solve itself by bringing the prices down.
Absurd intervention.
I thought he was an economist??
You Will Own Nothing & Be Happy: I Really Don't Believe This
But maybe in some parts of Canada it's just plain coming true
Inescapable so
The Math Of Owning a home versus Renting a Home is piling up in favor of Renting in BC & Ontario
And yet not in a good way for Landlords
Nobelist Robert Shiller's CAPE ratio is in BUBBLE TERRITORY, the SECOND HIGHEST reading in the US stock mkt in 145 yrs.
Shiller's Case-Shiller Home Price Index indicates that US home prices have fallen for 9 straight mos.
US EQUITY & HOME MARKETS ARE SHOWING SIGNS OF EXTREMES.
SCOOP: Angus Reid confirms it has sent a legal letter to Premier Doug Ford and wants the “public record corrected” after Ford dismissed a recent poll as “fake.” More to come.
According to the NY Times Vancouver may have cracked the housing crisis when they removed any restrictions on housing construction on a 10 acre plot of land
Imagine thinking $4,700/m in rent for a 2 bedroom at Senakw cracked the housing crisis
https://t.co/jxMMWpXitu
5 consecutive quarters of negative population growth in BC.
Only two other negative Qs in the entire historical record going back to 1951: Q4_10 and Q3_2020 both isolated single Qs.
The current streak is completely unprecedented in BC's demographic history. #vanRE
The income needed to buy a typical U.S. home has increased 79% in just 6 years.
Let that sink in.
Wages didn’t rise 79%.
Productivity didn’t rise 79%.
The American dream just got 79% more expensive.
And people still wonder why housing demand is freezing.
Canada’s population fell for a third straight quarter.
That breaks one of the core assumptions behind the housing bull case: more people, more demand.
If the population floor weakens, rents crack first. Then condos, pre-con, and investor math get repriced.
#CanadianRealEstate #HousingMarket #CanadaHousing
Interesting chart showing the percentage of technology companies with year-over-year returns greater than 100%. Such surges have previously led to corrections and bear markets, but for now, the momentum remains very strong.
@SoberLook
🚨 Oil is flowing again.
Ship traffic is officially returning to the Strait of Hormuz following the U.S.-Iran deal.
One of the world's most important energy chokepoints is coming back to life.
Markets are breathing a sigh of relief. 🌎