Federal Government & Politics II

[whatnext]

Originally Posted by Truenorth00

Welcome to feudalism and oligarchy.



https://www.biv.com/news/real-estate...s-cibc-9141198

Exactly this. If your parents wouldn’t or couldn’t buy into FOMO and bought a home, their kids will be screwed with much less chance of buying their own home. What happens when almost every parent has been forced into a condo? The rate of return on those is going to so much lower. But Junior doesn’t have to worry about that, he’ll be long gone.

[SignalHillHiker]

It didn't upset me, but I was genuinely curious. I figured it was part of the protocol for lying in state until he's laid to rest in the Tomb of the Unknown Soldier tomorrow, but it's actually other Canadian military rules. (This guy is a CBC reporter locally, not just a random dude):



And he does have a framed Red Ensign (our official flag at that time) framed on his casket for the three days lying in state. It's also flying at Confederation Building:



Our government was less forthcoming People get pissed at the strangest things - must've been getting a lot of pushback about it to respond so officially? One other thing that struck me as odd is the tomb has English and French on it. Seems unnecessary here - BUT - he died in France so it fits in that respect also. Apparently all of government's communications people are off this weekend Proofread, b'ys.

[MonctonRad]

I am very sympathetic to the symbolism of all this. I am happy to see the Newfoundland ensign being recognized in some form. Newfoundland was an independent Dominion of the British Empire at the time. This should be honoured and respected.

[ssiguy]

Originally Posted by Truenorth00

Do you know the difference between a mandate and a rebate?

And given that the CPC climate change slogan is "Technology. Not taxes.", I wouldn't bet on the rebates going away. Just the mandates.

You are absolutely right. I know the difference between a mandate and a rebate but I misread it. Sorry about that.

[ssiguy]

Well here are some new stats which explains why the Liberals are plunging and the Tories will win the next election. A new survey states that 70% of Canadians feel the country is "broken" and the rate for those 18 to 34 is 78%. Small wonder why the Liberals are polling so bad amongst the youth, they have seen their future pulled out from under them under Trudeau's watch.

Trudeau's bi-weekly obligatory and condescending "diversity is our strength" speeches also are not resonating. A recently released new IPSOS poll of 26 countries has found that Canada is one of the few countries which has seen a "precipitous drop" in support for gay rights and visibility. The country's standard of living is collapsing and yet our left-wing politicians are vastly more concerned with making sure everyone can use the same bathroom or insist that drag queens should be able to read stories to 6 year olds. Instead of trying to fix the nation's many woes, Trudeau spends half his time at Pride parades. The fact that Montreal has cancelled it's Canada Day parade due to supposed monetary and logistical reasons yet no such problems exist with Pride parades exemplifies how our political elites view what is and is not important.

PP has continually stated that Canada is broken which explains why he and the Tories are going to pulverize the Liberals in the next election.......clearly most Canadians agree.

[Dartguard]

Originally Posted by ssiguy

Well here are some new stats which explains why the Liberals are plunging and the Tories will win the next election. A new survey states that 70% of Canadians feel the country is "broken" and the rate for those 18 to 34 is 78%. Small wonder why the Liberals are polling so bad amongst the youth, they have seen their future pulled out from under them under Trudeau's watch.

Trudeau's bi-weekly obligatory and condescending "diversity is our strength" speeches also are not resonating. A recently released new IPSOS poll of 26 countries has found that Canada is one of the few countries which has seen a "precipitous drop" in support for gay rights and visibility. The country's standard of living is collapsing and yet our left-wing politicians are vastly more concerned with making sure everyone can use the same bathroom or insist that drag queens should be able to read stories to 6 year olds. Instead of trying to fix the nation's many woes, Trudeau spends half his time at Pride parades. The fact that Montreal has cancelled it's Canada Day parade due to supposed monetary and logistical reasons yet no such problems exist with Pride parades exemplifies how our political elites view what is and is not important.

PP has continually stated that Canada is broken which explains why he and the Tories are going to pulverize the Liberals in the next election.......clearly most Canadians agree.

Where is that Like button?

[Djeffery]

Originally Posted by ssiguy

Well here are some new stats which explains why the Liberals are plunging and the Tories will win the next election. A new survey states that 70% of Canadians feel the country is "broken" and the rate for those 18 to 34 is 78%. Small wonder why the Liberals are polling so bad amongst the youth, they have seen their future pulled out from under them under Trudeau's watch.

To paraphrase Truenorth from last year sometime, the 18 year olds who voted for Justin in 2015 for legal pot are now staring 30 in the face and can't move out of their parent's house.

[casper]

Originally Posted by Djeffery

To paraphrase Truenorth from last year sometime, the 18 year olds who voted for Justin in 2015 for legal pot are now staring 30 in the face and can't move out of their parent's house.

The real question is in 6 years, will they be 36 and still not able to move out of their parents basement. Unfortunately yes.

Under either a Liberal or Conservative government I fear that is the case if their expectation is a SFH in Vancouver or Toronto.

[Build.It]

Originally Posted by casper

Under either a Liberal or Conservative government I fear that is the case if their expectation is a SFH in Vancouver or Toronto.

If land use policies don't change, then yes this would be correct. These fall under provincial and municipal jurisdictions, however that doesn't stop the federal government from applying pressure on lower tiered governments to change their land use policies, if they wanted to. Whether or not they would do that though is another matter.

[MonctonRad]

Originally Posted by casper

The real question is in 6 years, will they be 36 and still not able to move out of their parents basement. Unfortunately yes.

Under either a Liberal or Conservative government I fear that is the case if their expectation is a SFH in Vancouver or Toronto.

They may still be living in the basement when their parents die.

Then, because of final estate taxes, and increasing capital gains tax on the estate, they will stand to inherit considerably less money than they expected, and, will be unable to afford to buy the house they have been living in all their lives, and, as a result, they will be thrown out into the streets..........

Thanks JT.............

[casper]

Originally Posted by MonctonRad

They may still be living in the basement when their parents die.

Then, because of final estate taxes, and increasing capital gains tax on the estate, they will stand to inherit considerably less money than they expected, and, will be unable to afford to buy the house they have been living in all their lives, and, as a result, they will be thrown out into the streets..........

Thanks JT.............

Federal government does not tax estate or capital gains on primary residences.

Here in BC there is an property transfer tax. However that is avoided by placing the adult offspring's name on the land registry.

[casper]

Originally Posted by Build.It

If land use policies don't change, then yes this would be correct. These fall under provincial and municipal jurisdictions, however that doesn't stop the federal government from applying pressure on lower tiered governments to change their land use policies, if they wanted to. Whether or not they would do that though is another matter.

BC has changes the zoning rules requiring high density around any higher order train station or major bus loop. Basically overriding municipal government.

What we now need to see is mass expansion of rapid transit. Skytrain in Vancouver in Vancouver. Victoria has a dead passenger railway line that needs to be repurposed as as commuter rail. Perhaps even bring back the inter-urban into the Fraser valley. Those steps will dramatically increase land available for high density.

Not certain about Ontario. What the province is doing there is a bit of a mystery.

The rest of the country generally has less of a problem.

[Build.It]

Originally Posted by casper

BC has changes the zoning rules requiring high density around any higher order train station or major bus loop. Basically overriding municipal government.

Which will result in 1000 investoboxes being built beside 25 units that people actually want, rather than 100 units that people actually want.

[casper]

Originally Posted by Build.It

Which will result in 1000 investoboxes being built beside 25 units that people actually want, rather than 100 units that people actually want.

Perhaps; I am not a property investor so I have not run the numbers. Reports in the media are that with bans on airbnb and with higher interest rates the numbers don't work anymore for investors and they are dumpling those types of units into the market.

I would like to think the free market would drive developers to rethink and build something else. However, trying to predict what the free market does on housing is iffy at best.

[whatnext]

Originally Posted by casper

BC has changes the zoning rules requiring high density around any higher order train station or major bus loop. Basically overriding municipal government.

What we now need to see is mass expansion of rapid transit. Skytrain in Vancouver in Vancouver. Victoria has a dead passenger railway line that needs to be repurposed as as commuter rail. Perhaps even bring back the inter-urban into the Fraser valley. Those steps will dramatically increase land available for high density.

Not certain about Ontario. What the province is doing there is a bit of a mystery.

The rest of the country generally has less of a problem.

Proving nothing other than the fact the B.C. NDP has no idea how capitalism works. There’s a slew of cancelled projects piling up in the Lower Mainland and no amount of trampling on municipal authority will make any developer build.

Vancouver sees spike in foreclosures of smaller developer
https://www.theglobeandmail.com/real...er-developers/

Homebuyers shun new real estate in Vancouver, hurting builders
https://financialpost.com/real-estat...e-in-vancouver

[Changing City]

Originally Posted by whatnext

Proving nothing other than the fact the B.C. NDP has no idea how capitalism works. There’s a slew of cancelled projects piling up in the Lower Mainland and no amount of trampling on municipal authority will make any developer build.

Vancouver sees spike in foreclosures of smaller developer
https://www.theglobeandmail.com/real...er-developers/

Homebuyers shun new real estate in Vancouver, hurting builders
https://financialpost.com/real-estat...e-in-vancouver

Which is why experienced developers are buying those foreclosed sites previously owned by the over-extended smaller developers, and instead building market rental apartment buildings. GWL, for example, just bought two adjacent sites on Robson Street, one in foreclosure, and are planning two rental towers.

The City of Vancouver rezoning policy around stations also encourages rental projects, and in the year since the Broadway Plan was approved, there have been 10,000 apartments submitted for development, over 9,500 of them rentals, with 20% required to rent at below-market rents. There's also a policy to require at least 25% to be 2-bed, and 10% 3-bed, so that's also a lot of family sized units. Other municipalities (except Burnaby) have adopted similar changes around stations and bus exchanges, as provincial legislation requires.

[SignalHillHiker]

Trudeau is here, and our government gave details of the louder elements for people/pets who might be distressed by noises. Kinda sweet to see that. Like that Reddit post where someone said they have anxiety, what should they expect getting a sandwich from Subway, and someone explained every single detail of what they have and what the interaction is like.

[YOWetal]

Originally Posted by Truenorth00

Things about to get interesting with immigration. Recent cuts have dramatically raised the bar. The requirement to qualify for PR after a work permit was 490. The new requirement is 540.

https://www.cbc.ca/news/canada/toron...-crs-1.7205292

For reference, my relative who did a Master's in Management Science with a diploma in Data Analytics from Waterloo and got a job at one of the big three telcos doing data analytics had a score of 504. She wouldn't have qualified with this new system. So the scam college crowd has zero chance. This is leading to all kinds of different strategies like learning French, trying for a provincial nomination or learning a trade to get more points. The real question though is what happens when hundreds of thousands fail to qualify for PR Or Work Permit renewal over the coming years.

Likely they overstay and we learn what having a large illegal population is like. Illegals are a large burden already on the healtcare system. Having 2 million would bring it to a head. Of course if you want your grass cut cheap it will finally become a reality. Cheap nannies and cleaners forming the US Illegal trifecta sadly won't be a thing as the fake students are mostly men.

[casper]

Originally Posted by YOWetal

Likely they overstay and we learn what having a large illegal population is like. Illegals are a large burden already on the healtcare system. Having 2 million would bring it to a head. Of course if you want your grass cut cheap it will finally become a reality. Cheap nannies and cleaners forming the US Illegal trifecta sadly won't be a thing as the fake students are mostly men.

Honestly, the best thing we can do is just allow them to transition to permanent residents, especially if they can hold a job. They are already here and ae building ties.

Creating an illegal sub-culture (aka the US) is a bad decision.

[YOWetal]

Originally Posted by casper

Honestly, the best thing we can do is just allow them to transition to permanent residents, especially if they can hold a job. They are already here and ae building ties.

Creating an illegal sub-culture (aka the US) is a bad decision.

Well asuming the 2026 housing market, healtcare capacity and general need for immigrants is X thousand. Do we want them as PRs or the thosuands of qualified people who will be applying from abroad. If for some reason all those problems are solved and we need a population infusion ok sure.