Paul McKay
@pmckayhfe
Human factors engineer, cyclist, amateur photographer. Opinions expressed are my own.
ID: 827504439732887556
03-02-2017 13:10:07
308 Tweet
38 Followers
89 Following
The answers being given in the referenced interview are incredibly sad given the current state of the Cdn housing market. Basically a straight-up acknowledgment that the current govt intends to sacrifice future generations to prop up current housing values. Cc Stephen Punwasi ποΈππβοΈ
When it comes to Canada's housing market, it's clear now that it was a deliberate strategy of the Justin Trudeau Liberal government to put the interests of foreign investors ahead of of Canadians 1/ theglobeandmail.com/news/politics/β¦
βWe have a very good system of foreign investment creating a lot of new housing in Canadaβ Now that our government has said itβs a βgood systemβ to sell off our new housing supply to foreign investors (vs domestic homebuyers), why is this a problem? 1/ youtu.be/OZChbNQWH3s?t=β¦
Ottawaβs housing market is so nutty that at least one builder is now soliciting bidding wars for new construction homes in the suburbs - thanks Adam Vaughan (cc Stephen Punwasi ποΈππβοΈ Steve Saretsky): cardelhomes.com/ottawa/buy-onlβ¦
Canadaβs housing crisis will do more economic damage than most can imagine. Not through a crash, but elevated costs force young people to worry about shelter instead of taking risks. Itβs turned into a plutocracy to rent cheap labor to billionaires. jacobinmag.com/2022/01/canadaβ¦