49
submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

Faced with increasing pressure to respond to widespread concerns about the cost of living and questions about his leadership, Prime Minister Justin Trudeau announced a series of new measures Thursday meant to deal with rising housing and grocery prices.

you are viewing a single comment's thread
view the rest of the comments
[-] SkepticalButOpenMinded@lemmy.ca 1 points 1 year ago* (last edited 1 year ago)

I general, I’d agree with that. On housing specifically, I wouldn’t.

Until recently, I would say Liberals were actively hurting housing affordability. Their signature housing proposal up to now is a tax cut for rich people who have maxed out their TFSA, which is the first time home buyers tax free savings account. That raises demand without addressing supply or disincentivizing investors. It sounds like a proposal written by the real estate investment community, and frankly, it probably was.

This recent proposal is full of good but minor stuff that should have been done a decade ago and will probably take another decade to have an effect. They’ve wasted a lot of time and I still doubt they’re taking it seriously.

Edit: I want to clarify that I think Conservatives would do an even worse job. Their voter base has even more home owners than the Liberals do and I seriously doubt they have any intention of shrinking real estate GDP growth, which is what is required.

this post was submitted on 15 Sep 2023
49 points (94.5% liked)

Canada

7193 readers
415 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS