3 ms·

Canada (in particular Vancouver), fix your absurd housing problem and we'll come back.

• deleted 3y ago
  [deleted]
• voisin 3y ago
  No need for the particular call out to Vancouver. That’s a 2014 story. In 2023, every city in the country has an absurd housing problem. I’ve lived coast to coast over the last five years and seen first hand how it doesn’t matter if you are in Vancouver or Halifax (or much smaller towns far away from either), the pricing has gone parabolic thanks to interest rates being ultra low for two decades and housing stock being artificially constricted, and god damn AirBNB “investors” buying everything. Thankfully we now have a ministry of finance serious about inflation and moving rates high, and provincial and federal governments cracking down on Airbnb.
  • b112 3y ago
    Thankfully we now have a ministry of finance serious about inflation and moving rates high, and provincial and federal governments cracking down on Airbnb. No minister has anything to do with interest rates. Only the Bank of Canada does, and it takes no input or guidance from the government.
    • cmrdporcupine 3y ago
      Unfortunately I get the impression that this current BoC leadership is wayyy too sensitive to public backlash and input. And fear that the loud and problematic proclamations of the official opposition are going to lead to immense pressure to lower rates prematurely.
      • b112 3y ago
        I don't know where this impression comes from, although I do see excess political noise on this front. I am disappointed by this aspect of the OO, but that does not imply the BoC is more sensitive.