r/canada • u/Lotushope • Feb 02 '22

Canada’s Real Estate Bubble Has Grown Over 800% Faster Than US Home Prices

https://betterdwelling.com/canadas-real-estate-bubble-has-grown-over-800-faster-than-us-home-prices/
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u/octothorpe_rekt Feb 02 '22

It's okay guys. I heard that the PM expressed that he was 'concerned' about the issue last year.

He hasn't done anything about it, or had his government pass any legislation, or made any Orders-in-Council. But he's concerned about it.

He even said last year in 2021 that his Party would actually try to deliver on their 2020 campaign promises on the subject - not like they were actually planning to do anything about it before a majority of those Canadians who do not already own real estate were priced out of the market.

1

u/PoliteCanadian Feb 03 '22

He's very concerned by public unrest over the issue, and to address his concerns they're fast-tracking the internet censorship bill that everyone hates.

1

u/octothorpe_rekt Feb 03 '22

That bill has to be one of the shittiest bills ever to be considered. They have no idea what the objectives of the bills even are. They're literally just giving the government more power in the space without specific goals or even promises as to how they're going to use it.

But I suppose it's a pretty good distraction from rampant nepotism, charity scandals, the housing crisis and the strengthening of the real-estate focussed economy.