Prime Minister Mark Carney signed a symbolic order signalling his government will prioritize passing his promised middle-class tax cut, following the first in-person meeting of his cabinet on Parliament Hill Wednesday.
Tying immigration to housing completions. Forcing rezoning around mass transit. Withholding federal money from areas that dont build enough housing, due to bureaucracy and high developer taxes. Removing GST was his idea as well.
It’s not whataboutism to point out that the Canadian economy is way too reliant on house prices continually going up. It’s a huge chunk of GDP and would instantly mean a technical recession if prices went down (even when ignoring the domino effect the panic would cause, deepening the downturn).
The country is trapped and no one wants to risk their political career by springing that trap, even if it’s healthier in the long run.
Carneys housing minister said he doesn’t want prices to fall.
Congrats, you voted Liberal. The party of debt and future austerity, and importing people to hide falling GDP and to prop up home values.
I didn’t vote liberal.
I voted NDP, but even they didn’t have a plan to actually drop housing prices.
What was the conservative plan again?
Tying immigration to housing completions. Forcing rezoning around mass transit. Withholding federal money from areas that dont build enough housing, due to bureaucracy and high developer taxes. Removing GST was his idea as well.
https://www.conservative.ca/poilievre-will-build-2-3-million-homes-in-five-years/
Instead we got a guy who says he doesnt want prices to fall.
No party wants prices to fall because the economy is so built around ever-increasing prices that if prices do fall then the economy falls with it.
Whataboutism eh.
“Maybe the cons would have been equally bad!”
It’s not whataboutism to point out that the Canadian economy is way too reliant on house prices continually going up. It’s a huge chunk of GDP and would instantly mean a technical recession if prices went down (even when ignoring the domino effect the panic would cause, deepening the downturn).
The country is trapped and no one wants to risk their political career by springing that trap, even if it’s healthier in the long run.
Sure though the Cons said they would do it, and they would grow GDP via pipelines and deregulation. Pierre explicitly ran on lower home values.
that’s not whataboutism it’s a better description of the situation than you could manage