Sorry, should have been more clear. I meant at the federal level. I get that they are somewhat limited in their abilities, but again, everything they have done thus far has _only _made it worse.
I’ll take my slightly good news where I can get it. I’m begging for scraps over here!
Raising rates will lower prices to some extent. So it should help somewhat. The issue is that’s it’s a very very blunt instrument. It just happens to be one of the only tools the BoC has to use. Ideally the feds would have stepped in at some poi t in the last 15 years to stop this madness…
I mean yeah. Once other “financial assets” become more attractive (bonds at 5.5%?) maybe less parasitical activity will happen in the housing market. The whole thing started going off the rails when rates dropped to essentially nothing.
If you think current home owners have it bad, imagine anyone trying to get in the market now. Not only are mortgages 3X the price, but the houses are 2X the price they were before. The entire thing is completely unsustainable, and yet the Feds have done fuck all. Well no, actually they have made it worse every single step of the way (see the first time home buyers savings account for the latest idiotic idea).
It’s at the point where it’s clear no single measure will solve this issue. What is absolutely infuriating is that NOTHING is being done. Actually scratch that, they are actively making things worse with crap like the “First Home Savings Account”.
Why not ban anything past a primary home? It’s like at a wedding where everyone gets to eat first before going for seconds.
I guess it’s a political non-starter given the number of people who own more than one home…
I just can’t get over how big some of those fires are. I had assumed with all those lakes that natural barriers would prevent that sort of thing. How naive I was…
I just want to know what the actual fuck happened to him. I know a lot of people will say he was always a man-child and there’s some things to back that up for sure. But I swear COVID does something to some people and they just turned into complete unredeemable asses.
Honestly surprised there isn’t more. There’s a lot of money that would be lost if the fediverse became more mainstream.
Just keep kicking the can down the road until there’s literally no other option…
I would argue we also don’t want to be in a place where we rely on any one individual. Thankfully @ernest seems to understand that as well.
Was hard to get a good shot. It’s less a hole, more of a trench I suppose. The fact that they threw more fencing on it after the fact gave me a laugh though.
“Old Internet” - I like it!
We must go lower!
It’s so sad when apps stray from their lane and just become bloated messes. I’m looking at you too Postman…
I can’t believe anyone does it any other way.
Lowering rates was the start of the housing market taking off though. And if you think you have it bad, imagine those rates but on twice the mortgage. RIP first time home buyers.
Agreed. Which is why I’m a little put off by the CEOs message on twitter:
I don’t particularly want a fight with the CRA (Canada’s tax authority)- but we got asked to backchannel them 6 years of records for all Canadian Shopify stores. This feels like low-key overreach to me. We will fight this.
Anyone have any historical data on the air quality in Ottawa? I can’t remember the air being the bad for this long before and I’m curious what the historical context is.
Edit: Found this https://ottawa.place/@YOW_Weather/110605170010326933
Classic Autowa in force here.
Hey CBC, maybe put someone on the other side of the argument on the program?