Empty Condo Crisis In Canada’s Major Cities The New Justin Trudeau Inspired Regulations To Make Housing More “Affordable” – February 17, 2024
The Empty Condo problem in Canada’s major cities predates Justin Trudeau; it actually even predates CMHC (Federally Owned State Run Enterprise). However, Justin Trudeau’s incompetence accelerated the problem.
Justin Trudeau’s cabinet in PRACTICE employs a Tax, Spend, and Regulate economic model. Now, if the current Federal Government was a private business it would be bankrupt. In the private sector, if Justin Trudeau’s cabinet was a private business, his business operations would be to screw over his BUYERS by raising prices, his sellers by making it harder for them to sell him things, and HIMSELF as his business spending wouldn’t be leading to positive cash flow.
I remind you that Justin Trudeau is a TRUST FUND baby; now, I’m not entirely sure how Trudeau’s Trust fund works, but I do know some Trust Funds equate to the TRUST having full control over how funds are allocated, meaning that in Trudeau’s life, he may have never had to run a PERSONAL budget for himself.
I believe the CRYPTO thief, Finance Minister Chrystia Freeland, is a property owner, now owning several real estate properties in several different countries. Prior to getting into government, she required a loan from her PARENTS to buy a home in Canada.
I remind you that Freeland was 45 years old and MARRIED when she did this, but since entering government FORTUNES have changed for her, her salary in 2019 was CA$269,800, which equals $22,483 per month, before taxes.
$10,000 per month makes a lot of financial problems go away; it also qualifies you for a lot of CREDIT, and you have to also factor in potential deals AFTER politics; unlike Trudeau, Freeland might still be useful for organizations like the World Economic Forum. I bring this up to the reader to illustrate how useful idiots can enrich themselves because the average Canadian has little to NO financial education.
This is not even a Liberal vs. Conservatives thing; this is a financial education problem. Financially uneducated people imagine that the government has an UNLIMITED amount of money, and why wouldn’t they have this belief? A large chunk of Canadians are 100% dependent on Government welfare of some kind.
I personally consider public servant jobs as reliant on government for their survival; I include CROWN CORPORATIONS in this as well. Then, obviously, you have retirees and people on provincial and local welfare programs, and then you start to comprehend how bad the problem is in Canada.
What’s keeping this ship afloat in Canada, in my opinion, there are two major things: 1st, the strength of the Canadian dollar in the forex markets, and 2nd, Canada’s PRIVATE banking system. To date, Canadians have done an excellent job paying their bills, this includes mortgages, and this makes it VIABLE for Canadian banks to continue lending money.
This ties into the condo market, because I keep hearing people, say that the housing market is going to crash, but I’ve argued for years now that the housing market is the true value of the CANADIAN DOLLAR.
Unless we’re talking about AUSTERITY Measures, The condo and the rental markets are the future purchasing power of the Canadian dollar. The only thing keeping the Canadian dollar from collapsing are the forex markets, and if you’re not paying attention to why I started off this blog post the way I did, it is because all of these government regulations, government spending, and taxes are currently imagined as PERMANENT fixtures on the Canadian economy.
This means that if the foreign exchange value of the Loonie ever fell off a cliff, these existing regulations that FORCE housing prices up would force up food prices and other IMPORT prices that allow us to enjoy our CURRENT standard of living.
Trudeau government increased federal employees 40% since election in 2015 | nationalpost.com
Spending on the public service has also grown since the 2019-20 fiscal year, increasing by 32-per-cent
Bryan Passifiume
Published Jul 10, 2023 • Last updated Jul 10, 2023OTTAWA — Another 21,000 federal workers hired since last year has brought the total added to the federal public service since Prime Minister Justin Trudeau was first elected to 98,268, according to information published online by the Treasury Board of Canada.
The federal public service, now at 357,247 employees, is nearly 40 per cent larger than it was in 2015, when the Liberals took power, when it counted 257,034 employees.
A lot of people for example misinterpret CUBA, and the Cuban economy, imagining that the U.S. embargo on Cuba, keeps Cuba poor, no what keeps Cuba Poor are the NON EXISTENT PROPERTY Rights in Cuba.
A foreigner can’t own land in Cuba, and a foreigner or a local can’t SET UP AN AIRBNB in Cuba. Are you following me here because property rights are FINANCIAL EDUCATION?
When the government taxes, regulates, and spends, they’re ATTACKING property RIGHTS, and capitalism(PROPERTY RIGHT ECONOMICS) revolves around finding the true cost of CAPITAL, which depends on the value of PROPERTY.
Now let’s say Chrystia Freeland makes it clear that if she doesn’t like your style of politics, she’s going to go as far as to attempt to FREEZE your crypto wallets; that gives you a glimpse as to why Justin Trudeau and his cabinet are so INCOMPETENT.
Below is the Trudeau popularity tracker by Angus Reid; if the data does not show up below, you can click the link provided or search for “Trudeau popularity in Google”.
Approve/Disapprove of Prime Minister Justin Trudeau | angusreid.org
As I’ve stated in prior posts and you can hate what I say here if you want to, there’s NO housing shortage n Canada, even with the illegal alien problem, what there is in Canada are REGUALTION problems, especially in the housing market.
Now, most of the housing problems in Canada, stem from LOCAL governments, not the Federal government, why I write about Trudeau is that he’s making the problem worse, he’s ACCELERATING the problem the same way the Canada Mortgage and Housing Corporation (CMHC) accelerated the housing problems.
Interesting times ahead