Justin Trudeau announced the $4 billon housing accelerator fund in an attempt to speed up housing development amid a national crisis.
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There they go printing more money..higher taxes
A small foray into the world of economics might alter your opinion.
Justin
I can feel myself getting DumBer just listening to you !
I’m 100 % ready to vote ☑️ you out
Do u actually think all money is just magically printed or do u think they collect taxes?
He’s throwing out money hoping to redeem himself! Smoke screens!!
Here’s an idea. Make the CRA do there job and collect that 20 to 30 billion they gave out and cant be bothered collecting. Then make it a 30 billion program.
They have audited 400,000 individuals for taking benefits they weren’t allowed to take and that’s so far
Exactly
And giving the government more money makes houses cheaper how?
And that is how you increase inflation by printing more money to support this fund.
The economics of the situation are way more complex than can be covered in a single, mostly inaccurate, sentence.
Right on the money (pun intended). Canada is the only G7 country that has absolutely NO gold reserve, nothing.
@Pat Jackson 500,000 immigrants a year, to a country with no houses, increases house prices. Summed it up in one sentence.
The more u print and spend, the more expensive everything will get and the inflation goes higher and higher regardless of how high interest rate’s getting
Are you under the impression this 4 billion is the only money they’re spending? We’ve been in debt for years, but you want to spend another 4 billion we don’t have?
@ryan radcliffe they are spending way more than they are taking in. Pretty simple
@Jumbo Me that’s literally every government in the last 80 years
@ryan radcliffe Yes ryan and that is why a $30,000 dollar house in the 1970’s costs $500,000 today.
Who says they’re printing money? Perhaps bond issues.
More vote buying, increasing inflation, and making rich land developers richer!
@ryan radcliffe he doesn’t need conservatives to vote for him he’s got new immigrants to vote for him
@Rob Waters As Harper said most immigrants in Canada vote conservative.
@ryan radcliffe land developers don’t vote conservative. How many land developers do you know? They vote for the party that spends the most money on infrastructure and immigration. Which party is that?
Just trying to ape the Conservatives, but with the Trudeau spin (print and burn cash).
Let’s throw more money out the window and get nothing done, all while making Canadains pay for it!
Housing is down 20% in the last year
@ryan radcliffe mortgage payments are down? How do you figure?
Trying to defect his criminal assault on Canada
Too little, too late. This should have been discussed a long time ago.
Exactly. The government had this problem from many years ago to resolve. It should had been done 8+ years ago.
“under developed land” aka parks and green spaces that are essential to the environmental and mental health of our cities. How about ceasing mass migration? And how about cutting the taxes of the lower and middle class equal to 4 billion dollars a year? That would make housing more affordable. You’re just giving Hussen 4 Billion dollars to play with so they can keep disrupting settled communities in the interest of globalization.
It’s called single family zoned housing..ie underutilized.
Once again the election interference scandal dogged him even in this announcement.
This now becomes a bigger problem as he knows with his mandate to bring in 500k new Canadians…so we are now on the hook to pay for their housing twice.
Trudeau and his Word Salad Tossing, His Diversionary Tacks keep on…
Isn’t the main problem lack of land to build upon (zoning, green belt, etc) + an onerous burden on the developer to get necessary permits, etc? This artificially constrains the supply. High demand + low supply = high prices … basic economics
Yeah, this is specifically addressed in the speech and it’s explained how the fund should help with that.
No that’s not the problem. Builders have permits months before they start building.
In Ontario most builders haven’t sold a new home in months. Most expect to be finished building the homes they’ve presold by December and come the new year almost cease building any homes at all.
A 4 Billion fund to support and house his new potential voters. There wouldn’t be a housing shortage or runaway housing cost if 500,000 + potential voters were a realistic number per year. Oh and that shortage of labor story is wearing really thin, there currently is One Canadian out of 20 without work, and Canada doesn’t have a shortage of Laborers.
Trudeau’s solution to everything … spend money and inflate the currency.
That’s 3.6 billion for bureaucrats and 400 million for low income housing. It may help the poor somewhat, but it’s great news for the bureaucrats. The poor will have to deal with even more inflation when the bureaucrats start spending their $3.6 billion.
What we need is you floating in the ocean holding on to your road apples. Justie F. O.
Seems like an”I am under pressure announcement!”
Why not incentivize housing prices to drop $4B collectively? That way, you don’t debase the currency and raise taxes to pay off the interest?