Why are so many Toronto restaurants closing? The Answer… Minimum wages and CMHC – April 15, 2019

Now, in the video below, you’ll notice that the owner of the business is crying, now fortunately for him, e actually got be seen on television, most business owners in Ontario in Canada in general secretly cry in their homes that are about to be taken by the bank or in their apartments, because although the perceptions made by the NDP the Liberals and Labour Unions that small and medium-sized businesses are nothing more than criminals who exploit their workers and don’t pay their taxes, the reality is a very different problem. The main contributor to the destruction of Canadian small businesses today is the CMHC(Canada Mortgage and Housing Corporation).

Now, the first thing I want to ask the reader is what was the initial purpose of the CMHC? It was addressing housing affordability correct? Yes, the CMHC was created to help Canadians who otherwise couldn’t afford a house to get mortgage insurance which would help private insurers to grant them a mortgage? Well, have people looked at housing price charts ever since 1999 when the CMHC started to insure mortgages? Prices of mortgages have gone up correct? Well, I hate to tell you the reality that everything that the government sinks its fangs into inflates in price.

Now, the harsh reality of the disaster of what CMHC did was they’ve assisted speculators with balloon rent and lease prices for businesses. In case you haven’t been paying attention Condos are being built all over Toronto and in many instances, properties that used to be commercial are now newly built condo developments, so what that does is that it puts a premium on commercial space which obviously forces commercial lease and rent prices up. Now you have to understand that if the price for your lease goes up, there’s a carbon tax, there’s a higher minimum wage and also your customers are also strapped for cash, what’s going to happen is small businesses are going to have to close their doors.

Now, this is something I’ve been writing about for years now and my worry for a long time has been that as there are fewer small and medium-sized PRIVATE businesses in Canada, it actually means that the Public Sectors and the Crown Corporation sectors actually become a larger portion of the Canadian economy. Now, I have to make something extremely clear to the reader, Crown Corporations and the Public Sector, consume more taxes than they pay. But the elephant in the room in all of this is CMHC because in the event of an economic downturn, it’s important to realize that CMC doesn’t only have insurance on residential property it’s tentacles also stretch in the commercial space and this is a disaster that’s going to be extremely difficult for Canadians to understand, once the realization hits us that PRICE CONTROLS DO NOT WORK! the entire Canadian economy is out of whack and I hope this crash happens sooner than later because make no mistake about it, Canada and the United States will experience 2 different types of economic crashes.

In America, it’s common knowledge that their Post Office is a public service, in Canada, Canada Post is a Crown Corporation currently with no serious private sector competitor. Crown Corporations whether intentional or unintentional have no real private sector equivalent which at the very least can show them their deficiencies in how to calculate their prices. CMHC has no competition, it’s insurance isn’t based on any market fundamentals and this disease has spread all throughout the Canadian economy and making matters worse are Province and municipal price controls like the minimum wage.

Now, the huge mistake made by Kathleen Wynne’s Liberals in Ontario was her minimum wage hike. Ontario has more debt than Califonia. Now, New York State is very much a Socialist State and Ontario has more debt than New York State, that is something I don’t think Ontarians understand. Now, it’s important to understand further that most of Ontario’s debt revolves around paying for Public Servants. Now Public Servants get their money from taxpayers, primarily via Income and Sales Taxes. Both income and sales taxes are paid by mostly by the Private Sector which again is shrinking in Ontario. Price controls can be paid as long as there’s a private sector to exploit, however the moment the Public Sector reaches 30% you’re in Quebec territory. Quebec is a perpetual have not province in Canada.

It’s a have not province primarily because of Price Controls and a huge Public Servant class. In the event, Alberta ever has an inevitable downturn in its economy I don’t think Canadians understand that everything in this country will go the dogs. But worse than that, in the event America has a recession or it’s own economic crash, unlike in 2007-2008 where debt levels were still reasonable, now everything as changed and the Canadian economy is fragile and interest rates are already near zero. There’s an assumption that negative interest rates can fix this problem for Canada, ok, well we’ll see how that works out. Get prepared Canada!

Why are so many Toronto restaurants closing? – CityTV

As the iconic Lisa Marie on Queen West closes its doors for good, Tina Yazdani speaks to the owners about skyrocketing costs and explores why so many Toronto restaurants are calling it quits.

Interesting times ahead