The Canadian Sellers Housing Market and Rent Prices: National sales-to-new listings ratio reaches 84%, declines from January 91.2% – March 15, 2021
So there appears to be a bit of a problem brewing in the Canadian economy as the cost of living indicators are beginning to look out of whack. The culprit is not only the cost of housing, it’s actually the cost of debt, which has now reached the breaking point without historically low-interest rates.
As I’ve been writing for months now, the Trudeau government doesn’t appear to comprehend the downside of deficit spending and it appears that they’ve not only broken the ceiling, but inflation is about to run red hot in Canada, while the Canadian dollar is appreciating in value.
Now, Justin Trudeau has basically assisted in abolishing thousands of high-paying energy jobs in Alberta for as an example POTENTIALLY 135 jobs in Quebec.
Quebec, Ottawa pitch in $100M to build electric vehicle battery plant | CBC.ca
These actions have consequences, and this CERB, UBI scheme, in my opinion, appears to be the beginning of the end. The inflation wrath hasn’t been felt b Canadians because they’ve actually been making more money not working COLLECTIVELY than they made working.
To add fuel to the fire is debt-related deferrals, which haven’t gone away, they’re still here and a lot of the Canadians who made more in 2020 than they’ve ever made in a year, take home, haven’t been soaked with the reality yet, that for many them, in the market they don’t demand that type of pay rate and as Id like to also point out that everything reliant on the public sector to earn a living is going to faced with austerity measures or inflation in which the choice will be clear ‘choose the inflation’.
The problem with opting for inflation will be the cost of living increase potentially in EVERYTHING! Because entities can’t get the money via interest rates, they’ll get them by raising fees or raising prices. Canadians better get prepared for bizarro world!
Interesting times ahead!