Economy ***Canadian Budget Announced***

Ours is a sucky tool designed to help politicians avoid doing their job. Is yours the same?
No, not at all. It's about righting past wrongs. Dealing with the residential school shame first and foremost.

Well, most politicians avoid anything to do with the topic, so they're similar in that regard.
 
Good to see Canada subsidizing Canadians instead of India.

There's a few countries I'd like to kick from our long list of free-loaders.
 
Nothing much for someone with a good job and no kids, but I guess that is its own reward. Glad to see foreign real estate speculation being penalized, bet there are enough loopholes big enough to drive a truck through in whatever policy they cobble together.
 
Everyone not making minimum wage does.

Shut up, Seano.
There’s a big $12 billion package for you and your friends. Right in the top.

If you decide to switch n come up north.
 
$350 billion deficit in a country of 35 million is $10k per citizen. Probably around $20-30k per tax payer.

Those are absolutely ridiculous numbers.
 
I plan to retire to Vegas in a few years. You can come.

20% tax on cars/planes over $100K. lol.

Trudy has doubled our national debt in less than 2 mandates.

Nice to see increase for seniours.

I guess the ChiComs would not let Trudy put too much of a tax on them owning our country.
That is pretty crazy. I can't believe how much many places are spending on this.
 
Not bad, only 350 billion in the red for a country with 38 million people.

Usually Liberal policies are much more damaging.

Hopefully we can all just hit a point in spending where the world can take part in the World Economic Forum's plan.

Our GDP is about 1.7 trillion.
You can work out the debt to gdp ratio. There’s a reason why we’re a solid AAA rated country.
We can afford the debt and now, in a time of crisis, is the time to raise it.

$350 billion deficit in a country of 35 million is $10k per citizen. Probably around $20-30k per tax payer.

Those are absolutely ridiculous numbers.

That’s not national debt works out. Only a rube, with no understanding of macroeconomics thinks that GDP / Number of Citizens is how it works.
And outrage porn pedalists (conservatives when they’re not in power).
 
That looks more like a bad loan than a budget
 
What's the percentage of non-resident ownership?

If you are somewhat part of or familiar with the demographic involved and laws with respect to residency/citizenship/corporations you'll also realize the official numbers are misleading and under reported, possibly significantly so in terms of how much impact foreign money flows into the housing market.

This is the an important factor in the foreign home ownership debate. The issue is really foreign money being injected in as opposed to the actual origin of the owner. Addressing via purely looking at residency and citizenship status of the "owner" does not actually curtail the influx.

Foreign money though isn't the only factor in the housing price issue. You'd need a lot of adjustments in policy to both the supply and demand side to address it.

But ultimately the government doesn't want to deflate housing prices. The politics and support behind both major parties currently support run away housing prices, while pretending to care about affordability in terms of optics.
 
I guess the ChiComs would not let Trudy put too much of a tax on them owning our country.

The majority of Canadians are property owners at over 60%. This skews even higher in terms of political capital as they tend to be older and wealthier therefore more engaged in voting, not to mention also a part of politics (most elected officials likely own property if not almost all, or even multiple properties). The strongest political influence in keeping the status quo on housing is from Canadians. Misdirecting towards foreign influence is an easy cop out.
 
The majority of Canadians are property owners at over 60%. This skews even higher in terms of political capital as they tend to be older and wealthier therefore more engaged in voting, not to mention also a part of politics (most elected officials likely own property if not almost all, or even multiple properties). The strongest political influence in keeping the status quo on housing is from Canadians. Misdirecting towards foreign influence is an easy cop out.

ChiCom agent detected. You have obviously never been to BC or Toronto.

Chinese have billions invesed in the Canadian real estate market.

If our govts were not controlled by the ChiComs, we would eliminate ALL Chinese from investing in Canada.
 
ChiCom agent detected. You have obviously never been to BC or Toronto.

Chinese have billions invesed in the Canadian real estate market.

If our govts were not controlled by the ChiComs, we would eliminate ALL Chinese from investing in Canada.

I'm sorry but you're just being tricked into focusing on an easy scapegoat to ignore the real issue. I'm well aware of the situation in both markets. Just to add if you look at my other post I even mention how the demographics involved get around "foreign ownership" which results in under reporting in the official statistics. It's also why measures against foreign home ownership in the current sense also have there impact blunted.

However, ultimately foreign investment into housing is a symptom of the market conditions that Canada chooses to foster even if it does also fuel into the rising prices. It's currently not politically viable to collapse housing prices due to Canadian voters. Until (if it ever does) that sentiment changes you will not see real action against housing prices other than lip service and continued misdirection.

Let's just be blunt here. If either the Conservatives or Liberals run on a platform that would openly drop housing prices significantly they lose the next election the other one who doesn't.
 
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That’s not national debt works out. Only a rube, with no understanding of macroeconomics thinks that GDP / Number of Citizens is how it works.
And outrage porn pedalists (conservatives when they’re not in power).

Economics major with a degree here. Not impressed with spending 1/3rd of a trillion on a country with 38m people. Feels awful tbh.
 
I'm sorry but you're just being tricked into focusing on an easy scapegoat to ignore the real issue. I'm well aware of the situation in both markets. Just to add if you look at my other post I even mention how the demographics involved get around "foreign ownership" which results in under reporting in the official statistics. It's also why measures against foreign home ownership in the current sense also have there impact blunted.

However, ultimately foreign investment into housing is a symptom of the market conditions that Canada chooses to foster even if it does also fuel into the rising prices. It's currently not politically viable to collapse housing prices due to Canadian voters. Until (if it ever does) that sentiment changes you will not see real action against housing prices other than lip service and continued misdirection.

Let's just be blunt here. If either the Conservatives or Liberals run on a platform that would openly drop housing prices significantly they lose the next election the other one who doesn't.


The govt does not need to do anything about housing, except perhaps better stress testing.

My point is that chinese buying our houses, land whatever and leaving it empty is not okay.

Canada is for Canadians- not Chinese.

Well, Canada used to be for Canadians ....
 
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