Chris

is in a housing crisis, and our government is stoking the flames.

[Chris @csmithson85]

If you make $50K household income yearly in Ontario and have a child, over 18 years you will receive a total of $91,142.22 in funds from the government.
If you make a total of $110K yearly, this number goes down to $42,177.18 over 18 years.
At $32K yearly, you'll get $127,151.76.

[The Globe and Mail @globeandmail]

Almost 10% of Toronto mortgage holders won’t qualify to refinance next year, BoC says https://t.co/aoG7YMEsgh

[Chris @csmithson85]

@ryangerritsen We need to make this change for sustainability. The benefit is being given out to rich seniors who don't need it. We can claw it back on the richest while giving more to the poorest seniors and still save money for other programs. Seniors have the least poverty of any age group.

[Chris @csmithson85]

@ryangerritsen This is about sustainability in generational fairness - when Boomers were working age there were seven taxpayers for every senior and today there's only three. We can't keep sustaining this climbing benefit for people who don't need it.

[Chris @csmithson85]

@ryangerritsen OAS is the single largest line item on the federal budget, billions above anything else, and it is not prepaid for by seniors like CPP. Clawbacks on OAS don't *start* until ~$90k individual income, or $180k as a couple. Child benefit clawbacks start at $35k. We need to change OAS

[Ron Butler @ronmortgageguy]

CMHC Becomes Canada's Biggest Source Of New Construction Rentals: It's MASSIVE

It's been coming for years but it went on Steroids to the point CMHC had to throttle back recently

How is this HUGE Purpose Built Rental stimulus going to play out?

We're going to know damn soon

[Chris @csmithson85]

@TorontoStar @chloebrown4TO

[Toronto Star @TorontoStar]

Who's behind the massive lobbying campaign to expand the island airport? What I discovered should worry us all https://t.co/WQBrPs1AH0

[Dr. Mike P. Moffatt 🇨🇦🏅🏅 @MikePMoffatt]

I was assured that our stagnant GDP per capita was just a statistical artifact from population growth.

Yet now pop growth is stagnant, so is GDP growth.

[Chris @csmithson85]

@OntLiberal @fordnation

[Chris @csmithson85]

@TDotResident

[Chris @csmithson85]

@ronmortgageguy 4/
The estate sued, alleging he stripped $2B+. He settled for $175M - insurers paid most, him only ~$42M. The toll: ~250,000 jobs gone, pensions dumped on the federal PBGC, 5 stores left from thousands. Nobody called it communism. Bad capitalism ruins shit just fine.

[Chris @csmithson85]

@ronmortgageguy 3/
He also became Sears' biggest lender and collected $400M+ in interest on his own loans. Stores rotted while billions went to buybacks. It went bankrupt in 2018 - then he bought the corpse out of bankruptcy for $5.2B. Heads he wins, tails the workers lose.

[Chris @csmithson85]

@ronmortgageguy The mechanism here isn't novel and isn't a mayoral grab. It runs through tools the city has used for thirty years: in-rem tax foreclosure, the Third Party Transfer program, and code-enforcement receivership, all requiring court judgments, waiting periods and City Council approval

[Chris @csmithson85]

@ronmortgageguy The "transfer ownership" piece applies specifically to buildings that have suffered chronic neglect, using legal action to remove negligent owners. Worth noting the same plan exempts genuinely distressed landlords from the rent freeze and allows one-time vacancy rent increases.

[Chris @csmithson85]

@wrychrd @palladianblue @PublicLandBC Like the people who roll their eyes talking about it...

[Ron Butler @ronmortgageguy]

THE REAL ESTATE GURUS GOT IT WRONG 👀

@jasonpereira joins the pod to bust some of the biggest real estate myths out there. We get into financial advisors, the housing market, and a whole lot more.

Full episode live now on YouTube — Angry Mortgage Podcast 🎙️

[Greg MacEachern @gmacofglebe]

Trump ambassador linked to scandal-ridden movement in Canada: report https://t.co/zZoNJNepI6

[Christo Aivalis 🌹🍊 @christoaivalis]

Love to see @avilewis slam the "bullshit myth of capitalism" that Canadians have been trapped under.

We have a clear alternative to Carney and Poilievre's right wing policies