@RodAVanier Using the GDP of a city like Toronto as a metric to compare to a province is somewhat disingenuous. Companies operating across the country (or other countries) yet headquartered in Toronto are using local goods and services and resources, but their GDP is measured in Toronto.
Am writing w incredibly sad news:
Our friend @ArtemTepler is no longer w us.
Will post a link to GoFundMe below to help his partner & young daughter. Hope you will join me in giving what you can.
Pls like, RTs, etc. for distribution, so we can raise as much $ as possible.
My thoughts on the Canadian government removing GST from rental housing:
First, finally.
To clarify, when we built a $100m apartment building, we had to cut the government a check for around 5% of the value when it was done. Unrecoverable. It was cost, just like concrete or windows.
This moves the needle on so many projects across Canada. This will get rental housing built!
My fear: Canada does not have enough labour and has a massive shortage of trades.
Those that can build right away will capitalize on this program but Iโm very worried that within 12 months land and construction costs will have increased so fast, that they will eat up all of this GST savings.
We simply donโt have enough trades. We need more.
So, If you have a skill, start a trade business. Your tailwinds in Canada are big.
If youโre young, go to trade school. Become a trade. 6 figure salary almost instantly.
Letโs support and herald our trades!