Liberals now promising a ban on foreign ownership of real estate.
I thought Liberal supporters said this was xenophobic when the Conservatives proposed it? π€·ββοΈ
#elxn44 #VanRe #ToRe
I thought Liberal supporters said this was xenophobic when the Conservatives proposed it? π€·ββοΈ
#elxn44 #VanRe #ToRe
2. Interesting sidenote. Trudeau made the announcement in Hamilton, Ontario.
The IMF told us Hamilton was 40% overvalued, one of the largest overvaluations in the world.
Here's the IMF model they shared, and this exclusively happened under the Liberal government.
#HamOnt
The IMF told us Hamilton was 40% overvalued, one of the largest overvaluations in the world.
Here's the IMF model they shared, and this exclusively happened under the Liberal government.
#HamOnt
3. For anyone else that's curious, this is what the IMF models look like for Toronto and Vancouver.
Once again, almost all of this gap between fundamentals and price occurs under the Liberal government.
#ToRe #VanRe
betterdwelling.com/canadian-real-β¦
Once again, almost all of this gap between fundamentals and price occurs under the Liberal government.
#ToRe #VanRe
betterdwelling.com/canadian-real-β¦
4. Trudeau, also not totally clear on who he's running against, complained about Stephen Harper in his housing rant today.
Let's entertain this thought. If Harper still runs the country two terms later, why does a third term mean you'll fix it? Step aside. Let someone else run.
Let's entertain this thought. If Harper still runs the country two terms later, why does a third term mean you'll fix it? Step aside. Let someone else run.
5. Trudeau: "we've invested tens of billions in housing, that have put hundreds of thousands of people in homes."
*checks notes*
PBO said much of this money takes credit for housing that was already in the pipeline. In other words, you only improved developer margins.
*checks notes*
PBO said much of this money takes credit for housing that was already in the pipeline. In other words, you only improved developer margins.
6. Circling back to a ban on foreign ownership. How? Canada won't have a beneficial ownership registry until 2025 (the Liberals gave everyone just enough time to dump their assets).
How do you enforce ownership if you don't know who owns companies yet? A 2-year ban in 2026?
How do you enforce ownership if you don't know who owns companies yet? A 2-year ban in 2026?
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