Quote:
Originally Posted by flamesfever
How do you all (we) know that's not something PP wants?
The economy is getting worse with each rise in interest rates.
Nearly one in four homeowners feel that they many need to sell their home if interest rates continue to rise.
Nearly 50% of Canadians are living paycheck to paycheck
Almost 2/3 of young Canadian non-owners have given up on ever owning a home
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You sure?
In
2014 the Canadian Payroll Association found that 51% were living paycheque to paycheque. This is a standard con talking point. Yet the survey in 2014 would have been under Harper.
https://www.moneysense.ca/news/more-...-to-paycheque/
But lets go back to
2011. The Canadian Payroll Association survey found that 57% were living paycheque to paycheque. Old Stevie really screwed up that year!!
https://www.cbc.ca/news/business/can...eque-1.1030865
The
2021 Canadian Payroll survey found 36% are living paycheque to paycheque. Sounds like your 50% number is off.
https://www.newswire.ca/news-release...865112491.html
As for Pierre.
He owns multiple properties. One of which his wife took money out on recently. He doesn't want prices dropping. I literally just read a page of posts from people who seem to support PP talking about how angry everyone will be if housing prices drop. So which is it? He wants housing prices to drop so he can get support, or he doesn't want them to drop because he'll lose support?
Fixing housing prices will require higher interest rates, increasing supply or both. Increasing supply won't even necessarily solve the problem if you don't limit speculative buyers, which we won't. How many property owners will buy a 2nd rental, or a 3rd or 4th.
Pierre has not given a single bit of info about how he plans to solve any of this, and the rest of it is misdirection with idiotic terms like "Justinflation" designed to create rage.