BG

[BG @Clover3258]

@MikePMoffatt Yes, but it still seems like the government, on the housing file, is still more focused on restricting demand, than promoting supply.

Worst of all possible outcomes.

Lower asset prices, without any additional building.

[BG @Clover3258]

@MikePMoffatt Except that making the 60+% of homeowners poorer so that the <1% of first time home buyers each year better off doesn’t seem smart either….

[BG @Clover3258]

@thomasjuneau Applies doubly to China. 🇨🇳

[BG @Clover3258]

@erinotoole It’s because the US is a huge market and we can no longer guarantee access.

Long-term the only solutions are to rapidly grow Canada’s population to create an internal market, or become the 51st state.

[BG @Clover3258]

@BenRabidoux @CI2100 If the conservative influencer position is that we can shrink our way to prosperity, we’re in deep deep trouble.

[BG @Clover3258]

@Unrakeable @BenRabidoux LOL. Japan’s GDP per capita went from double Canada’s 20 years ago to half Canada’s today.

You visited Japan and felt rich. That’s because they’re poor now.

[BG @Clover3258]

@moneytalkstweet If it keeps deteriorating, China might eventually get to US levels!

[BG @Clover3258]

@moneytalkstweet Our politicians have gotten dumber. Twitter is largely to blame. The loudest voices on this hellsite are typically morons. But they set the agenda now.

[BG @Clover3258]

@Anthony__Koch Liberals see it as charity.

Conservatives see it as a cost.

We need to go back to it being seen as an economic imperative for Canada.

That means acknowledging that immigration is good for Canada, but 90% of migrants should be picked for purely economic reasons.

[BG @Clover3258]

@rodmickleburgh Sure.

But do you really prefer an industrial wasteland there?

[BG @Clover3258]

@honjamesmoore Please run for Premier. You would clean up. And we need some normal people back in politics.

[BG @Clover3258]

@SadClubCommish Canucks sitting around trying to patiently build through character.

Sharks just busy getting all of the best players.

[BG @Clover3258]

@Sean_Speer Where’s the part of capitalism that says central planners dictate what they can build (through zoning), how much they can build (FAR limits), and who they can sell to (foreign buyer ban)?

[BG @Clover3258]

@mssinenomine @Lanefab Sounds like you have no faith that government can buy the right product for marginalized groups, yet you have total faith that they can build it.

[BG @Clover3258]

@EricDLombardi Classic Canadian view.

Look at house prices top 3 Metros in Canada vs US and it’s not that different.

The issue is INCOME. Our productivity and income have fallen behind.

Let’s focus on increasing wages in Canada, not on making us all poorer by lowering our asset values.

[BG @Clover3258]

@BlahhhWow @DavisJKyle Definitely ripe for corruption.

But I would have been more swayed by these ‘let them fail’ free marketers if all 3 levels of government hadn’t taxed and regulated the industry into oblivion in the first place.

[BG @Clover3258]

@BlahhhWow @DavisJKyle We should definitely be skeptical of BCHousing and its ability to own and operate units at a reasonable cost.

[BG @Clover3258]

@Oliver_Trpcic @MarkJCarney The Liberals built a pipeline for them.

[BG @Clover3258]

@Prominent_Bryan Bryan being intellectually honest that Canada is rich because of foreigners, immigrants, and foreign money.

Take those away, and we are now realizing that Canada is poor.