Quote:
Originally Posted by OldDutch
The #1 debt item in this country is housing. Something the government controls a fair amount of influence over. Multiple governments have let this run rampant for election reasons. In the end it screws everyone over except those receiving inheritance (oh wait government will take 50% of that, which is conflict of interest but another matter)
So to just say irresponsible spending is the reason for so many Canadians barely meeting ends is simplistic. If I was a 20 something in Vancouver or Toronto Who bought a house I probably strongly disagree my problems are my own making.
The government absolutely owns this. Not in whole but in major part. Their interests have caused huge equality problems in Canada (despite their claims to close that gap)
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I must not be understanding what you’re meaning.
Developers are private companies.
Builders are private companies.
Building materials are provided by private companies.
Realtors are private companies.
Banks, mortgage companies, mortgage brokers are private companies.
Real estate companies are private or public (stock market) companies.
Real estate investors are private.
Government sets and regulates building code.
Government approves where houses, condos, apartments, can be built.
Bank of Canada (not really government, certainly not private) sets minimum interest rate.
Are you saying that those government regulations are not sufficient in controlling the private market, and additional regulations are needed?