Also, they assume that employers will be happy to reduce the hours worked while keeping the same wages. That’d be wonderful but unrealistic.

I’m sure there’s quite a few politicians that are “concerned” about this situation…

I’ve heard about this before, this is unbelivebly uncompetitive! Sounds like something the Consumer Affairs should look at.

Can’t build wealth when half or more of the income goes towards rent or that 6% 1million mortgage.

Wealth disparity increasing, cost of housing increasing, GDP/capita decreasing, productivity decreasing. This is not the “The Great Reset” that I was envisioning after COVID19. I was dubious of course, but I really thought there’s a chance of more progressive policies. But instead we just have the feds subsidizing electric vehicles tech.

Happy to see the community of those concerned growing. Also surprised to see Remax support the 15-min city, that’s suspicious of them, but nonetheless good to see.

Sounds like you need to write for The Beaverton.

There was plenty of money invested into wars and oil extraction. C’mon!

The federal government manded in their recent budget that banks do whatever they can to keep people from defaulting.

I fully agree with you and it’s encouraging to see things like “Alberta Is calling” campaign. But, I wish the federal goverment would be more involved in spreading the immigrants around our vast land. It feels like all they do is set targets and “job done”…

I’d bet on US having a much more robust and faster recovery than Canada. Their unemployment while slowly increasing, historically is still very low, and I’d guess if you’re in a specialized field immigration to US as a Canadian would be easy. I’m personally contemplating it.

And with bommers retiring I think the labour shortages will be with us for a while.

Land ain’t cheap where most of the immigrants end up going. Canada still offers a better quality of life but that will dimminish over time if housing issue is not addressed.

Shocked Pikachu… Tiff is out there trying to cause a recession and unemployment meanwhile Freeland is boasting about the strong GDP and employment numbers. Makes me wonder if the “soft landing” they’ve been talking about is a multi-year process. Imagine a 3-4% inflation economy for the next 2-3 years.

The sheep must be from Boston

What’s more concerning is that the goverment fails to realize that expensive housing is killing the economy.

Forget about the fact a huge chunk of money is going into an unproductive asset. Young people and immigrants who can’t afford housing are gonna start looking elsewhere (US for example).

Who’s gonna pay taxes to sustain the older folks in their empty million dollars SFH??

So what now? Does Justin asking a new rapporteur or does he cave and we get the public inquiry? Feels like he has exhausted all his options and there’s nothing else left.

They look like legit reddit posts too. Makes me all confused and then spend too much of my attention span on them.

Meanwhile the federal government is worried about population demographics and spurring immigration in response.

A nice game of tug of war. Inflation will be with us for a while…