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  #13481  
Old Posted Oct 30, 2024, 11:54 PM
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Originally Posted by WarrenC12 View Post
This article is from 2 days ago.



That seems to suggest they'd reverse that a portion if they were in power.

https://financialpost.com/real-estat...nder-1-million
Uh, that’s the exact same article Viking posted that I just responded to. Like I just said there’s no new quote or announcement cited in the article, which suggests that the author is referencing the Conservatives previous position (which predated the Liberal rental GST announcement).
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  #13482  
Old Posted Oct 31, 2024, 12:06 AM
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Thanks Justin Trudeau!

The loonie is trading at lows not seen in years. Here's what it means for Canadians

https://www.ctvnews.ca/canada/the-lo...ians-1.7092627
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  #13483  
Old Posted Oct 31, 2024, 12:28 AM
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We hit 1.39 briefly in early 2023 as well. This time there's a pretty large difference between the overnight lending rates in the two countries though, so it might be a bit stickier at this level until the US drops rates further as well.
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  #13484  
Old Posted Oct 31, 2024, 1:30 AM
Djeffery Djeffery is online now
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Originally Posted by trueviking View Post

Explain to me then, if house prices have dropped by $120,000 in two years, why has there not been an explosion in house construction....how does a policy that is a fraction of that have any impact if that doesn't?
Interests rates probably. 680k at 6.5% is 4500/month, 800k at 2.5% is 3500/month.
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  #13485  
Old Posted Oct 31, 2024, 1:43 AM
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Originally Posted by Djeffery View Post
Interests rates probably. 680k at 6.5% is 4500/month, 800k at 2.5% is 3500/month.
4% at the moment, if you shop around.
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  #13486  
Old Posted Oct 31, 2024, 2:02 AM
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Originally Posted by WarrenC12 View Post
Local government here in Vancouver provides certain subsidies for similar rental buildings (or a % of units). They have specific definitions of "affordable", and yes, it requires some bureaucracy to keep it all tracked.

On a national scale it does seem a bit much to track.
I believe some of those restrictions are written into covalence restrictions on the land registry.
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  #13487  
Old Posted Oct 31, 2024, 3:02 AM
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Oh look, Trudeau’s trained poodle hasn’t learned any tricks. What a spineless failure.

’Not going to play their games': Singh won't help Tories, Bloc topple the Liberals
Conservatives and Bloc together do not have enough MPs to take down Trudeau's government
Laura Osman · The Canadian Press · Posted: Oct 30, 2024 4:06 PM PDT | Last Updated: 4 hours ago

New Democrats will not cave to demands from the Bloc Quebecois and Conservative leaders to help them bring down the Liberal government, NDP Leader Jagmeet Singh said Wednesday.

His party is now all that stands between Justin Trudeau's Liberals and an early election, with the other two opposition parties pledging to try to topple the minority government at the next opportunity.…


https://www.cbc.ca/news/politics/ndp...rals-1.7368728
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  #13488  
Old Posted Oct 31, 2024, 6:00 AM
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Originally Posted by whatnext View Post
Thanks Justin Trudeau!

The loonie is trading at lows not seen in years. Here's what it means for Canadians

https://www.ctvnews.ca/canada/the-lo...ians-1.7092627
I remember when it was at 61 cents around 2000 or 2001. Our economy did really well because of a lower dollar and hopefully that is the case again. I think it was only 6 years after the record low that our dollar was worth more for a little while.
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  #13489  
Old Posted Oct 31, 2024, 10:15 AM
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Originally Posted by Loco101 View Post
I remember when it was at 61 cents around 2000 or 2001. Our economy did really well because of a lower dollar and hopefully that is the case again. I think it was only 6 years after the record low that our dollar was worth more for a little while.
Economic growth in that era was 1-3%. Hard to classify this as "really well"
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  #13490  
Old Posted Oct 31, 2024, 10:44 AM
Djeffery Djeffery is online now
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Originally Posted by kwoldtimer View Post
4% at the moment, if you shop around.
Sure, but the housing construction doesn't turn on a dime. The question was why hasn't a price drop of 120k on the average home price in the last couple years spurred new housing. It's been pointed out on here before that lower prices doesn't mean lower costs when interest rates have gone up so much.
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  #13491  
Old Posted Oct 31, 2024, 11:10 AM
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Originally Posted by whatnext View Post
Oh look, Trudeau’s trained poodle hasn’t learned any tricks. What a spineless failure.

’Not going to play their games': Singh won't help Tories, Bloc topple the Liberals
Conservatives and Bloc together do not have enough MPs to take down Trudeau's government
Laura Osman · The Canadian Press · Posted: Oct 30, 2024 4:06 PM PDT | Last Updated: 4 hours ago

New Democrats will not cave to demands from the Bloc Quebecois and Conservative leaders to help them bring down the Liberal government, NDP Leader Jagmeet Singh said Wednesday.

His party is now all that stands between Justin Trudeau's Liberals and an early election, with the other two opposition parties pledging to try to topple the minority government at the next opportunity.…


https://www.cbc.ca/news/politics/ndp...rals-1.7368728
Well the NDP is making its decisions for its own reasons, they are not being intimidated by the Conservatives. Good on them.

The reason they terminated their agreement with the Liberals was over back to work legislation. We have another dispute that is about to hit the government, Canada Post. If they vote down the government it will be over that not the carbon tax.
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  #13492  
Old Posted Oct 31, 2024, 11:45 AM
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Originally Posted by Changing City View Post



The current Liberal housing policies that are getting thousands of rental units built is not a subsidy of billions of dollars, because all the money being made available to developers is for interest bearing loans, not grants.
.
Pretty sure the rebate on rentals is applied at the time of occupancy of the first unit when the builder would normally pay GST on the fair market value of all units. From a tax collection/subsidy perspective I'm not sure how that's different than a rebate on the purchase of a new home.
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  #13493  
Old Posted Oct 31, 2024, 11:49 AM
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18

That's how many more votes are needed for a non-confidence vote.

We need 18 out of 186 people to grow a spine.
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  #13494  
Old Posted Oct 31, 2024, 12:52 PM
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Originally Posted by Build.It View Post
18

That's how many more votes are needed for a non-confidence vote.

We need 18 out of 186 people to grow a spine.
"Grow a spine" is NDP MPs voting against their own and their voters interest becuase conservatives don't like our electoral system or the fact the Liberals won the 2021 election?
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  #13495  
Old Posted Oct 31, 2024, 12:57 PM
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Or disenfranchised LPC members who are fed up with Trudeau and would rather take their chances in an election.
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  #13496  
Old Posted Oct 31, 2024, 1:11 PM
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Originally Posted by YOWetal View Post
"Grow a spine" is NDP MPs voting against their own and their voters interest becuase conservatives don't like our electoral system or the fact the Liberals won the 2021 election?
Singh’s personal interests lie in propping up the Trudeau for another year. I don’t think that aligns with the NDP’s longer-term interests.
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  #13497  
Old Posted Oct 31, 2024, 1:28 PM
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Originally Posted by acottawa View Post
Singh’s personal interests lie in propping up the Trudeau for another year. I don’t think that aligns with the NDP’s longer-term interests.
Pretty sure NDP caucus and executive could overule Singh if that was how they saw it.

An election now puts the NDP in fourth decimating most of the caucus who are mostly in the west, even if they add seats at the expense of the Liberals in Toronto and some smaller cities (London, Windsor, Halifax?) Post that the Liberals have a long rebuilding and likley the NDP do the same. Where that goes is unpredictable.

An election in a year might end up more or less the same as above but there is also an outside chance economic recovery holds the Cons to a minority or more likely the Liberal vote collapses further allowing for substantial urban gains and the NDP ceiling even as the official opposition.

Meanwhile they get another year of a progressive government giving targetted cash to key parts of their base and less cynically supporting poor Canadians who they believe need more redistribution.
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  #13498  
Old Posted Oct 31, 2024, 3:29 PM
WarrenC12 WarrenC12 is online now
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Originally Posted by whatnext View Post
Thanks Justin Trudeau!

The loonie is trading at lows not seen in years. Here's what it means for Canadians

https://www.ctvnews.ca/canada/the-lo...ians-1.7092627
All related to oil prices.
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  #13499  
Old Posted Oct 31, 2024, 3:31 PM
WarrenC12 WarrenC12 is online now
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Originally Posted by acottawa View Post
Economic growth in that era was 1-3%. Hard to classify this as "really well"
It helped turn Vancouver into a legit destination for Hollywood productions. Keep that US cash coming.
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  #13500  
Old Posted Oct 31, 2024, 3:32 PM
WarrenC12 WarrenC12 is online now
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Originally Posted by Build.It View Post
18

That's how many more votes are needed for a non-confidence vote.

We need 18 out of 186 people to grow a spine.
Sorry Parliamentary democracy is so difficult for you.
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