I don’t recall hearing anyone of Doug Ford’s stature complaining when interest rates fell to zero and sparked a massive and unsustainable runup in asset and real estate prices. Too bad, folks, because that’s one big load of toothpaste that won’t be going back in the tube.
“Your rate hikes have made it next to impossible for young people, newcomers, and first-time homebuyers to have any place to call home,” Ford said in his letter.
He argued that cooling inflation was a reason not to raise interest rates further.
“He argued that cooling inflation was a reason not to raise interest rates further.”
BS economics 101.
Finally savers & fixed income retirees have a shot at staying at or above inflation, F Doug Ford, too bad companies need to streamline some of their deadwood – that helps inflation as well.
Yeah, that’s right. Dougie is gonna get all conservative on us after fellating Trudeau for the last three years. You know…”shoulder to shoulder” and all that stuff while Trudeau was talking trash behind his back…what a chump you are Fork. (yeah, I misspelled it intentionally)
Anyhoo…he’s up to his eyeballs in the greenbelt
fiasco so lets see how it plays out for him.
Thug Fraud lost me (my vote, money and lawn sign) when he turned us into Lockdownistan, Trudeautopia.
Unfortunately, as the song goes, we have to “go through hell before we get to heaven”, so much like having to go through Bob Rae to get to Mike Harris, I’ll wait. That’s what true conservatives do, of course…
“Let them eat toothpaste. Fluoride is safe and effective for human consumption.”
Just like the Covid ‘vax’!
Housing costs because of DEMAND and inflation because of government SPENDING.. The normal economic controls are proving useless..
So.. Lets bring in another 500 000 arseholes we don’t need and spend another trillion to make them feel at home.. Useless..
I
Madness, madness.
Inflation is still a monetary problem combined with a government of “the outcome will be different when we do it”.
Here’s a crazy idea, what if we just limited immigration to practically 0 and only allowed for emigration? That would probably solve a lot of the housing problems.
Government won’t do that because then the ponzi scheme comes apart, and suddenly we are Argentina…
Arguably, we came close to that in the early nineties, and again in 2008, but the government papered over it, which means when it happens, it’s going to be a lot worse than if the bandage was ripped off in the 90s.
After 15 years of Dolton Mc Squinty and Kathy Windbag Ontario finally got a reprieve only to have CINO Ford squander it all away with his bullshit . Who cares now , let’s turn the province back over to the commies as they are at least honest enough to admit who they are .
Remember the Jimmy Carter and early Reagan years? After a decade of chronic worldwide inflation, the US Federal Reserve finally decided to break the cycle. Mortgage rates went to 12% and more. You hoped the seller had an assumable mortgage. Gimmicks like interest only loans and contracts for deed were very common. Auto loan rates were 21%.
It was four plus years of hell.
Entertainment Today Headline:
“New Cast for 1970s Reboot Announced!”
Jimmy Carter will be played by Joe Biden
Billy Carter will be played by Hunter Biden
Pierre Trudeau will be played by his step-son Justin
Russia will be played by China
China will be played by Russia
Inflation will play itself
Swine flu will be played by COVID
Global Cooling will be played by Global Warming and an exiting new cast member, Climate Extinction (nee Climate Catastrophe, nee Climate Change)
Other announcements will be made soon, but it is expected that Reagan may be played by Ron deSantis and Teddy Kennedy by Beto O’Rouke, although casting Mary Jo Kopechne may be difficult after Amber Heard pulled out recently
“Instead of painful interest rate hikes, the federal government should work with provinces and territories to invest in and build out the critical infrastructure projects that will create more jobs with better paycheques,”
Great, more government spending, on projects no one needs, to create fake temporary jobs that will disappear as soon as the money runs out.
All any of our “leaders” care about are the newly imported voters and NOT “old stock Canadians”.
just wait until next year when the poor downtrodden bureaucrats finally get around to updating the property values around Ontario. Our farm was supposed to be reassessed in 2021 but you know, Covid. Now the election is safely past the enormous run up in property values will bring a windfall to municipal governments all around Ontario.
Or bankrupt people, no windfall if no one has any money.
Fat sack of CINO crap.
Wish he would take up his brothers old habits and spare us..
Head of the US Fed Powell said 2 weeks past in Jackson Hole WY that rates will stay as they are or higher, whichever it takes, and however long it takes, to beat inflation.
I expect Canada’s overseers to say whatever they want, and then follow suit similar to the US
If young Canadians can’t qualify for mortgages at higher rates, the Libranos will make up crap to make it sound like it isn’t a big deal.
They lie, it’s what they do best.
Hell young canadians can’t afford a 500 thousand dollar mortgage at any rate.
Where can I get a place for $500 thou?
A small town close to me. But no can afford them.
Who would have thought the day would come when Drug Fraud and David Eby were interchangeable?
They could swap provinces, with no material change noticed of any kind, except Drug can’t play basketball.
And, government as usual is the primary problem.