If you know anything about the REAL ESTATE Lobby in Canada, it’s massive, and don’t imagine they only have control over the Liberal Party, the Real Estate lobbyist in Canada, actually have more control over the Conservative Party, which is why if listen to the Conservatives talk about housing, they’re not blaming housing on POLICY, the Conservatives are blaming housing on lack of PERMITS TO BUILD HOUSING.
So whether it’s Left or Right politics in Canada, there’s a housing disaster that can only be solved with AUSTERITY measures. The real estate lobbyist obviously want a rate cut during the summer months as they believe it will lead to more SALES, however, if you know anything about Canada’s existing CONDO market, you’d know how much damage it’s causing to EXISTING infrastructure.
So, Justin Trudeau, who I’d call the worst Prime Minister in Canadian history, has been propping up the economy by hiring Public Servants; however, a lot of these public servants are now REFUSING or fighting NOT to have to return to work, these public servants have fallen in love with WORKING FROM HOME, and a lot of these UNIONIZED public servants also aren’t supporting the Liberal Party, unless Justin Trudeau throws MORE money at them.
So none of Justin Trudeau’s “investments” are yielding positive cash flow, and in response, Justin Trudeau’s finance minister Chrystia Freeland is hell-bent on raising taxes for “The wealthy,” many of whom, based on Liberal metrics, are Public servants themselves, so you see the disaster he’s caused and the inevitable disasters that are coming.
Now, unless you have a mortgage (Which most Canadians DO NOT HAVE) you don’t care about the interest rate, most Canadians don’t own cars, and might have a credit card that’s already charging them 22% interest.
So, while Justin Trudeau’s in the private sector, he’s running out of capital to finance the public sector as Canada’s national debt gets closer to 2 TRILLION dollars owed.