Steven Olson

[Pierre Poilievre @PierrePoilievre]

Mark Carney is bailing out developers and banks for their bad bets instead of letting condo prices fall to an affordable level.

Canadians didn't buy these condos, and they aren't buying Mark Carney's excuses for wasting your money bailing out his friends.

Stop the Carney Condo Bailout: https://t.co/rXBFM960Hm

[John Pasalis @JohnPasalis]

“If you succeed you get rewarded, but if you fail, you fail, your institution fails

I’m saying no bailouts”

Mark Carney, 2011

15 years later, Carney wants to bailout home builders who failed

[Pierre Poilievre @PierrePoilievre]

What would you suggest we do with empty condos that no one can afford to buy, asks Liberal MP.

Here is an idea: let the prices drop until people can afford them. Welcome to the real world!

NO TO THE CARNEY CONDO BAILOUT

[Doug Boswell @BoswellDoug]

The BC condo developer bailout, thanks to Carney, has finally rightfully angered taxpayers who cannot afford to buy these overpriced units but their tax dollars are being used so others can. This will be the moment in time when the downfall of Carney began in earnest.

[Ron Butler @ronmortgageguy]

Time For Mark Carney To Pull A Doug Ford: Apoligise & REVERSE The Condo Bailout

It's not hard Prime Minister: Just get in front of a microphone & say:

"My Friends, the People have spoken & we are canceling the Condo Purchases, we will still achieve Affordable Housing"

2/

[Ron Butler @ronmortgageguy]

What's The WORST Thing About The Carney Condo Bailout? The Developers He's Bailing Out Made Fortunes for 20 Years

And everyone who keeps suggesting it's smart to buy instant Low Rent, Non-Market affordable homes instead of waiting for Build Canada Modular Yurts is stupid

2/

[Ron Butler @ronmortgageguy]

The Carney Condo Bailout Fucktastrophe! I Won't Leave This One Alone: It's Just Too WRONG

To quote the Prime Minister: "Builders dont want to sell at a loss"

Doesn't mean the Canadian Taxpayer needs to make sure Developers get full price for their Garbage Units at crazy prices

[Steve Saretsky @SteveSaretsky]

So is Carney going to buy all the unsold condos WestBank is sitting on and then fill them with low income tenants? Lol

[Ron Butler @ronmortgageguy]

Carney Government Loses It's Mind & Just Saves Condo Developers In BC: Unfuckinglievable

Unlike Carney's deal with Ontario which was a HST Sales Tax reduction scheme in BC they just went whole hog & BOUGHT New Construction Condos the Developers can't sell

Which is NUTS

2/

[Bruce McGonigal @bruce_mcgonigal]

🇨🇦💰🇪🇺🛰️ : Great news everyone!! Canada is providing $500 million to Europe for their space program (ESA).

🗒️The Harwell Campus where the ESA is located, is 50% owned by BROOKFIELD.

Apparently it's now Canada's #1 job to fund overseas projects that involve Brookfield. A $1+ trillion company that on Mark Carney's recommendation moved their HQ to the USA in December 2024.

Brookfield is the #1 owner of commercial real estate in Canada and thanks to Mark Carney was able to dodge upwards of $15 billion in Canadian taxes.

[Ben Rabidoux @BenRabidoux]

NDP…the party of labour 🙄

To all low-wage workers, @theJagmeetSingh has allowed you to be thrown under the bus.

[Steve Saretsky @SteveSaretsky]

Taxing doctor pensions and calling it generational fairness. Play stupid games win stupid prizes.

[Steve Saretsky @SteveSaretsky]

Rather concerning that liberal politician @markhollandlib doesn’t understand his own tax policy. There is NO $250k exemption for incorporated doctors! Increased capital gains applies on every dollar invested through a corporation.

[David Knight Legg @KnightLegg]

Canada is in trouble. This is the ninth budget in a row that depends heavily on excessive borrowed money managed by an obesely bloated federal bureaucracy that is now 40% larger and 68% more costly than when the Liberals took power in 2015.

Unwilling to live within the tax revenues produced by the national economy, this government has borrowed more money in 8 years than all other Canadian governments combined since the nation was founded in 1867. This recklessness has doubled the national debt and created interest payments that are breaking all records – last year over $46 billion dollars and this coming year over $54 billion dollars. That is more than the federal government spends on the military, or healthcare. All of it taken from taxpayers to pay bondholders instead of being spent on public services.

Now, the centrepiece of their new budget is a capital gains tax targeting the few Canadian individuals and firms who invest in Canadian ventures or assets. This investment is what creates the new businesses and jobs and productivity the nation so badly needs.

It is bizarre to watch a morbidly obese and fiscally incompetent government propose - in the name of ‘fairness’ - to justify taking productive capital away from Canada’s small but critical investor class and hand it to the same bureaucracy that has for almost a decade shown they will only waste it. The track record is anything but ‘fair’: inflationary reckless borrowing, uncompetitive taxes, an obesely expanded bureaucracy and debt, underperforming public services, runaway interest payments and a regulatory state that kills industrial expansion and economic momentum.

The world is noticing. The OECD now measures Canada dead last of the world’s 38 advanced economies for per capita GDP productivity modeled to 2030 - and 2060. Since that 2021 analysis, the nation has lost ground on GDP productivity for another 6 of the last 8 quarters. On a purchasing power basis, Canadian GDP per capita is down to 76% of the USA. That’s with outlier Alberta raising the national GDP numbers significantly. On a provincial basis, 46 of the 50 US states are now wealthier than Ontario, and if Quebec was a US state it would be the 49th poorest, only marginally ahead of Mississippi.

The government needs to ask itself how fair it is to add another $39.8 billion in debt this coming year as they lose over $54 billion dollars in interest payments to bondholders instead of spending it on public services?

The real social injustice in this budget is the borrowed money that is killing the opportunity society Canada is supposed to be - and that the next generation deserves. By avoiding hard decisions - and taxing investors instead of cutting their own reckless spending - this govt is creating a future of forced austerity for our kids. You can call that a lot of things, but it isn’t ‘fairness’.

[Paul Mitchell @PaulMitchell_AB]

Trudeau Liberals to introduce "Halal Mortgages" for Muslims.

"This could include changes in the tax treatment of these products"

Religious financial products with different tax treatment? What? 🤔

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

🔥🔥BREAKING

While the government claims immigration is needed for housing construction

Bank of Canada research indicates that the job that immigrants are LEAST LIKLEY to work is ......

construction.

[Steven Olson @Stevenolson7]

@Terry19782006 @ericnuttall Terry isn't this still piloting, haven't seen much as far as results.

[Ben Rabidoux @BenRabidoux]

One of the all-time great, cult classic Canadian documentaries.

[Steve Saretsky @SteveSaretsky]

These cheques are being mailed out to “low income” owners of vacant $12M homes in Vancouver. True story.