The future of housing? Your opinions

[lomotil]

If they are such a net positive, why are living standards and overall wealth going down?

The productivity in Canada is declining coupled with rampant inflation, cost of living increases and Income levels not rising as an offset which is the answer.
And without immigration the situation would be even worse. Deport all the immigrants that came to Canada in the past five years and the Canadian economy would essentially collapse.
There are many able bodied Canadians on social assistance who could work but choose not to just because, a resource that could reduce immigration levels somewhat also.

 

[oil&gas]

.........................
And without immigration the situation would be even worse. Deport all the immigrants that came to Canada in the past five years and the Canadian economy would essentially collapse.
................................

That is no justification of an excessively high volume
of immigrants admitted into the country like nearly 1 million
in one year. People are not demanding our government to
shut down immigration altogether let alone deport all immigrants.

 

[JohnLarue]

I think they should go back to to high corporate tax rates. If both Nations did it, with the old tax incentive breaks for research, equipment upgrades, payroll and benefits to employees, it would limit the stupidity of "next quarter" myopic business thinking.

Canada absolutely needs to be competitive vs. the U.S. wrt to corporate tax rates
The U.S. corporate tax rates wont be be determined by what Canada does

old tax incentive breaks for research, equipment upgrades,

these still exist - Capital cost allowance
the left calls these "subsidies" and want to eliminate Capital cost allowance for select industries, that is "next quarter election " myopic business political thinking

Canadian business does not invest enough and it shows in our declining productivity per capita
that is a real big problem

payroll and benefits to employees,

Canada has a high tax burden on payrolls

the stupidity of "next quarter" myopic business thinking.

if "next quarter" myopic business thinking starts to impact the ability to generate operational earnings / cash flow generation , the stock market will punish "next quarter" myopic business thinking

 

[DesRicardo]

The productivity in Canada is declining coupled with rampant inflation, cost of living increases and Income levels not rising as an offset which is the answer.
And without immigration the situation would be even worse. Deport all the immigrants that came to Canada in the past five years and the Canadian economy would essentially collapse.
There are many able bodied Canadians on social assistance who could work but choose not to just because, a resource that could reduce immigration levels somewhat also.

All those issues come coupled with high immigration.

And immigration doesn't have to be an "All or Nothing" game. Some can go back.

What gets at me the most is even with the increase in immigration, these so called "economist" still say we have a labour gap. How? They've brought in like 4x the traditional number of people and you still can't find adequate labour? They don't know what they are talking about.

 

[JohnLarue]

Read the post you are responding to, and read your response What facts have you presented here? None.

too funny
if i have presented no facts then how could I have proven your point?

Right. So population has nothing to do with it. Thanks for proving my point

you are not very bright

 

[JohnLarue]

All those issues come coupled with high immigration.

And immigration doesn't have to be an "All or Nothing" game. Some can go back.

What gets at me the most is even with the increase in immigration, these so called "economist" still say we have a labour gap. How? They've brought in like 4x the traditional number of people and you still can't find adequate labour? They don't know what they are talking about.

still can't find adequate skilled labour?

economists do know what they are taking about
immigration needs to be more targeted to people with in demand skills, rather than high volumes

 

[SchlongConery]

Feels like a lot. #property #economy #australia #comedy

youtube.com

 

[JohnLarue]

Living standards and overall wealth, are NOT going down. They are infact going UP. So this statement is untrue.

View attachment 321902

inflation has most certainly impacted Living standards and overall wealth
So his statement is true.

mean family income is not definitive without viewing the cost of living
Argentina household income in nominal terms has also increased
the cost of living has increased at a much faster rate






you really do not understand economics do you?
where did you study and fail to learn economics?

 

[JohnLarue]

LOL. By proving my point, you shot down your own criticism of an increased population. And you don't even realize it. Too funny!

but you said i provided no facts
so how could i have "shot down your own criticism of an increased population" ?

you are not very bright

 

[JohnLarue]

These interest rate hikes and inflation are very recent events, which will get better shortly. However it is demonstrably true that Canadian wealth, incomes and living standards have steadily improved over the years.

which will get better shortly?
you do not know that with any degree of certainty, pure speculation on your part

standards of living are tied to productivity & Canadas productivity per capita is declining relative to our competitors

we do not need more per capita. (human volumes)
we need more productivity per capita

When Will Inflation Go Down? – Forbes Advisor

The length of inflation cycles in the past have been different, depending on the root cause, says Art Hogan, managing director and chief market strategist at B. Riley Financial.

The longest period occurred starting in the mid-1970s and lasted about a decade, he says.

Determining how long inflation will last is tricky, says Guy LeBas, chief fixed income strategist and portfolio manager at Janney, a Philadelphia-based financial institution.

“The road from here to there is messy and it is hard to guess where services spending is going to go,” he says. “We are really bad at predicting inflation.”

The economy can rebound after periods of higher inflation. However, inflation can also precede a recession, which was the case in the 1970s.

 

[jalimon]

If they are such a net positive, why are living standards and overall wealth going down?

Great question indeed.

Our standard of living is going down primarily due to a lack of housing. This led to overpriced houses and crazy renting prices. Adding 1 million immigrants to a country with a huge housing shortage and expecting that things turn good is beyond stupid. We all pay for it.

Now don't start me about our taxes But you know what it's not taxes that put people in the street. The poor hardly pay taxes. It's lack of a having a basic salary that could put a roof on their head.

The situation was different 10 years ago. Now I would say to any immigrant from a warm country thinking about coming to canada... Don't!! Misery is much more enjoyable under the sun.

 

[JohnLarue]

Well inflation has actually gone down to 2.9% from a high of 8% in 2022. The Bank of Canada has also said that they are going to cut rates soon. This would contradict your assertions.

too funny
both the fed and the BofC have been walking back their number of projected cuts and pushing out the timing of projected rate cuts for the last 6 months

the inflation dragon has not been slayed

In March 2024, prices had increased by 3.5 percent compared to March 2023 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages.Apr 15, 2024

getting back to the 2% target is going to be very challenging

 

[southpaw]

Well, McKinsey is a great consulting firm. Their methods are robust.

How gullible. And if others don't share your gullibility, you call them racist.

McKinsey & Company - Wikipedia

en.m.wikipedia.org

McKinsey has been the subject of significant controversy related to its business practices. The company has been criticized for its role promoting OxyContin use during the opioid crisis in North America, its work with Enron, and its work for authoritarian regimes like Saudi Arabia and Russia.

 

[southpaw]

What do those have anything to do with their report on population growth? None. And how many actual instances of good reports have they produced over the years? Tons.

It goes towards their credibility. They will promote anything that is in their best interests. Not what is in the best interests of Canadians.

 

[JohnLarue]

6 months is a very short duration in the grand scheme of things, especially to address a macro economic issue, that is impacted by multiple domestic and global factors. It will get there eventually. If it can get from 8% to 2.9%, it can get down to 2%.

you are missing the point
it took a decade to get the 1970s inflation under control

there is still wage inflationary pressure
unions do not give a rats ass about their impacts on inflation , nor do they give a rats ass about interest rates

the walk backs by the Fed / BofC show they have not slayed the inflation dragon
it certainly is not supportive of

which will get better shortly?

six months ?
you have no idea when inflation will get back to target

 

[Frankfooter]

we do not need more per capita. (human volumes)
we need more productivity per capita

Still arguing to pay people less so 'productivity' and profit goes up?

 

[southpaw]

If it is about their credibility then the good work they have done has to be balanced against the criticisms.

You could make the same argument about the Nazis, Trump, the Taliban, the IDF, or Hamas. Grow up.

This country does not need a rapid increase in population. Nor does any other country. For that matter, neither does the entire world.

 

[jeff2]

Unfortunately for the Canada, limiting immigration will choke the Canadian economy as there is a dire labour shortage which immigration backstops. Immigration and housing are not mutually exclusive, both must happening simultaneously which the government has already “figured out” but has no solution for. The current opposition has no solution neither.
Immigrants continue to do jobs that Canadians either cannot or will not do which is and more visually apparent in major centres across Canada and becoming more and more in smaller regional centres.
Can Canada “ wait until things are figured out” to limit immigration. The answer is obviously, no.
In 2023, immigrants brought in 22 billion dollars to Canada and did in the neighbourhood of 300, 000 jobs that Canadians either cannot or will not do, many primarily from India.
The Canada - India economic patch solution is something that the US, Western Europe, Japan and other nations with decreasing workforces have failed to do.

I wish people cared as much about the massive labour surplus in the 1980s and 1990s with sky high unemployment. Boomers and women streaming in and to lesser extent immigration(but more so when Mulroney jacked it up).

 

[EddieBrock1500]

Modular construction small homes. Elon musk lives in one of these

 

[Anbarandy]

Still arguing to pay people less so 'productivity' and profit goes up?

That is why he is TERB's self-professed, sole billionaire capitalist titan of industry, commerce and greed is good ethos.