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Joined 1 year ago
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Cake day: June 10th, 2023

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  • High inflation is worse for workers than high interest rates since wage hikes always lag price rises. This round of inflation was brought to us by poor economic decisions … pumping billions of dollars into the economy without raising taxes, as well as the Ukraine war. It wasn’t caused by corporate greed, as some claim. The BoC is doing absolutely the right thing. If they don’t raise rates now they only kick the can down the road when the pain would be far worse.



  • You can’t solve a shortage of houses by discouraging people from building them. Canada is simply not building enough housing and has not been doing so for a long time. Your proposal would have a marginal effect at best and would in any case be only a temporary solution. People who buy second homes do so in places where there are generally few jobs. And people who buy houses as an investment need to rent them … which is not necessarily a bad thing. The problem we have is that home prices have risen to such stratospheric heights primarily because of policies that discourage new development. The only way to fix that is to promote legislation that penalizes NIMBYism and encourages building in urban areas.