Quote:
Originally Posted by GGG
This is an argument for the UCP if you believe that politicians control the economy. Essentially our housing is so cheap and wages so high that we have strong migration into Alberta which is preventing labour shortages from driviNg up wages.
So by any fair read this is what should be happening to an economy that is strong. It should attract migration which suppresses wages.
In reality macro economics dictates most of our economy and the government only affects the edges.
|
A lot of the in migration is from government policy failures in other jurisdictions as well. I manage a handful of rental properties, and 2 of my last 3 new tenants have been people leaving Vancouver for cheaper rent.
Nobody in Alberta has any influence over BC real estate prices. Those are a mix of capital controls in China and artificial controls on land use in the Lower Mainland (absurd zoning + ALR).