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They created a housing crisis in Canada, but why?
So it can become the next election issue.

It isn't Covid, guns, crime, economy, Quebec sovereignty etc....that's not gonna win Trudeau another term, the housing crisis, which they created is the new election platform, the party with the best BS story will win.
All the new voters we have here will swing that way, you guys who think its about "we need workers" have just been fooled. They created the shortage of manpower to this end.

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673;
Good morning my friend, I hope you're all getting slightly cleared skies up there and the family are all well.

As you know I've got 3 immediate family members in construction, though admittedly 2 of them are in a company that makes bridges, hospitals, schools, mines, etc. as well as housing.

There was a shortage of labor down here that began to be noticeable and the topic of discussion even back when our girls were still in high school so we'll say a dozen years ago at least.

Part of that shortage of labor here has always been connected with the high cost of living which includes a lack of affordable rental housing or even houses to purchase.

That said, whenever there's been a development purported to supply "affordable" housing, it's turned out to be aimed at upper middle income brackets. That was the case when I was working for a construction and development company from 2014 to early 2019.

Perhaps partially due to low interest rates and the human proclivity to desire more and better even if it's unrealistic, the houses always ended up being a "McMansion" to a greater degree. The few that weren't didn't sell quick enough so the developer was getting the desired return on their investment.

Then we started seeing the fentanyl OD mess, which in and of itself doesn't tell us much other than now we're losing 6 people a day. The stats I found on it, which I think are likely somewhat suspect but regardless indicate that 5 of those will be men between the age of 20 and 59. My gut and not much else believes that the 59 year olds are outliers and it's closer to 20 to early 40's.

In a normal well functioning society, they'd be the candidates for labor jobs, both skilled and unskilled.

The big question, unanswered by the legacy media and all political parties is why such a sizable swath of our young men are more inclined towards a life of homeless hopelessness rather than becoming productive members of society.

Lastly, I'll agree with you 100% that all parties are using this as yet another wedge issue and attempting to spin it to their advantage.

Anyways, as always that's just a few thoughts on it from my perspective and nothing more.

All the best to you all and good hunting.

Dwayne


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Does anyone think Trudeau can wage an effective campaign while he is working on the completion of his world tour on our dime?

Here in Ontario Premier Ford (Conservative) has decided we need more houses so badly he is releasing lands in the supposedly protected Green Belt. I've been a staunch Conservative for years but this one has me and many others prepared to switch our party support in the next election. Politicians have always been known to be untrustworthy but this one takes the cake. Besides, they have never tried to define what an "affordable" house is. IMO if developers built what I consider to be "starter" homes today the area they are built in would become slums within 20 years.

These are more comments about the political landscape that don't necessarily deal with the OP's original topic but are things ticking me off.

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When I was in high school more than a few decades ago, in drafting class we were given an assignment, design a three bedroom house with less than a thousand square feet. It wasn't that difficult, I have been in lots of older homes that were in that class. In the new suburbs I grew up in,during the 1950s, the homes were 1200 to 1300 square feet .The big fancy places were mostly under 2000. Those big fancy places weren't in our neighbourhood. Now look at the sizes .


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Canadians still desire a single family home, not a condo or any sort of urban apartment type of housing. I remember 10 years ago driving through the Toronto suburban landscape and developers were building houses on corn fields. I’m sure since that time they have consumed thousands of acres more. This was the most productive and valuable farmland in the country.

Why not build on land designated as green space in the 1970s? Should we keep paving over farms? Canadians aren’t ready to give up the dream of owning a piece of suburbia and they will not settle for anything less than the dream of land, no matter how small a parcel has become.

I live in a rural area and cannot for one minute imagine living in any suburban environment, keep the urban and suburban landscape contained. If you want green spaces accept the cost of distance for major urban development.

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Interesting comments, OntarioJim eludes to "slums" and it taking 20 years to become one, I think it will become a slum in a much shorter time, but this is a fact.

I am a Carpenter, I have been avoiding getting back into construction because of the physical demands on the body, but it sure is tempting.
We never utilized our manpower that we have in this country, with minimal immigration we could of dealt with any perceived shortages, there are too many drugged out, lazy, paid to do nothing people around these days.

I sense we are going to pay for this "housing" and I don't want to.

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Framing carpentry (house construction) typically relied on immigrants . Anyone with a tool pouch apron and a framing hammer could call himself a carpenter. And it showed in their work.

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Originally Posted by downwindtracker2
Framing carpentry (house construction) typically relied on immigrants . Anyone with a tool pouch apron and a framing hammer could call himself a carpenter. And it showed in their work.
A bizarre post.

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Bongo and Ghanji immigrate to work, but Bongo and Ghanji have no place to live, so we need Bongo and Ghanji to build these homes, but Bongo and Ghanji can't, but they can provide some labour.

Bongo and Ghanji and friends are going to vote for whoever offers the best deal, the Liberals plan will be unrealistic, the Conservatives will be forced to match it, likely won't be able to match it.

By the looks of things, Bongo doesn't really want to work and prefers to hang in gangs and continue their gang war in Canada, Ghanji is slightly better, but once free stuff comes he is lazy too. Bongo and Ghanji like to sell dope, once they get into that lifestyle, they should be deported.

Why is it the only 2 people I have ever known to be deported were from Scotland?

Bongo and Ghanji are here because of a hastily developed plan to remain in power.

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The quiet part out loud.........Bongo has a very low IQ, he can't do alot of the work required in Construction.
Many of the new employee's can't speak English or French, it won't be a problem though, they will still be able to get their EI when they are unemployed because our economy is going for a shyte, massive immigration and high unemployment coming to your Province, City/town.

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The housing crisis is is only a symptom of the breakdown of our society, and this breakdown has been deliberate. We no longer have the productive entry-level jobs which used to exist. Those we do have, we are still trying to eliminate. We have stifled small business in favour of large corporations. We have taught three generations that success is measured by doing the least to get the most. We worship conspicuous consumption.
When we were first married (and after I got out of the Army), my wife and I rented an apartment which cost us one days pay per month. Later, we upgraded to a 2 bedroom unit (the second room was for reloading and gun work!) for 1 1/2 days pay. The next step was a house on seven acres for two full days pay. Mind you, today, the average welfare recipient would spit on that house. Anyway, the houses were available because people were building new houses and renting the old ones, or people were leaving the country and moving into town, or moving to another part of the country. Today, the population has more than doubled, and the old houses have been torn down. On top of that, they are being replaced with housing which is not affordable. Restrictions and regulations inhibit construction and discourage self reliance. That apartment we rented for a days pays would take at least a week worth of work to rent today. If you could even find one.
We do need to provide housing for the homeless, and that housing needs to be inside a fence where drugs are NOT supplied; where they can stay until they earn their way out. We need to quit glorifying slothfulness. We need to resume teaching that there is honour in hard work and accomplishment.
When I was young, I will admit to being less than thrilled about being drafted. After all, I had a job, I had a life, and I would just as soon have just gotten on with it. I have come to believe that every person should give two years of service to their country. In return, the country will give them two years of work to do, two years of education, and the rights of citizenship. There should be no exemptions for citizens, and it should be a requirement of all immigrants. I am willing to bet that most people would say, "I would never want to do that", or "I wouldn't want to give my time for this government", or they would have some other excuse as to why not. To which I would say, there you go. Everyone is willing to take; no one is willing to give. Rest easy though, kids; this will never happen!
We have made a real mess and the so-called housing crisis is just a small part of it. GD

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Originally Posted by greydog
...We do need to provide housing for the homeless...

This is just so wrong.

We don't need to provide anything. There are cheap rooms for rent to anyone who wants one. There are tent cities for those who'd prefer to spend their money on drugs.


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I don't think you understood what I said. I said we need to provide housing where they are kept separate from the rest of society, unless and until they can become contributors to society. Otherwise, we can continue to turn our city spaces over to them; that's working real well. GD

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What were doing for the homeless junkies is not working. It does nothing but enable them. Our town (6000 people) had a few homeless maybe 25 or so 4 years ago. 'Warming hearts' set up a soup kitchen for them. Then they brought in Atco trailers with 8 rooms in them where they could charge their phones, shower, sleep, etc. Then gov't contracted owners of an old motel to supply them rooms. Cops and ambulances there, often multiple times a day administering narcan. Ties up our police and ambulances and emergency at hospital. The thieving is out of control. Junkies fighting and tweaking out around town. Can't go to the bank machine in the evening as the banks have to lock their money machine vestibules because junkies go in there to shoot up and crap, piss and leave their needles and garbage. I could go on and on.

All these programs do is enable junkies. It has never been easier than it is today to be a fulltime career junkie with society, police, ambulances and do gooders going around picking up the pieces behind these people. Because of all the services the do gooders in our town provide the numbers of zombies has increased 5 fold in 3 years. Most of them are not from here now.

Not much different than feeding stray cats, feed them they will come. Then they will crap and piss all over your property in appreciation.

Tired of hearing how they are disavantaged victims, etc. I suppose some are but the vast majority are their of their own free will. Sick of politicians and do gooders making excuses and enabling them. Sick of the courts and gov't doing nothing but making it easier for them to get addicted, stay addicted and force society to put up with them.

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I don't want to house the "wanting to be homeless" crowd anymore than I want to pay for housing for Bongo. I am all for doing "something" with them other than free dope and more coddling.

Friends, we have Veteran's living on the street, the last time I saw the stats on that I was shocked. Canada treats its Veterans like shyte, there is no more for our Vets. Our Veterans should come first, and that is all there is to that.

There are Native Communities all around the country, through no fault of their own, that have no water, or water that is unfit for consumption, but we are going to make housing for Bongo and Ghanji an election platform??

The Liberals created a clusterphuck and they are going to own it.

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What we really are having is a "government gone wrong crisis."


"There's more to optics than meets the eye."--anon

"...most of us would be better off losing half a pound around the waist than half a pound on our rifle."--dhg

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Originally Posted by pal
What we really are having is a "government gone wrong crisis."
Yeah lol.

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After listening to the Politico's, and extrapolating the data, I figured out who is going to pay for this clusterphuck,..... you are.

The Feds say they will pay some, the Province will pay some, Municipality's will pay some it = YOU.
Your property tax will go up in rural area's, how much? ...whatever they decide.

With the exception of Max, I never heard one word from any of these Politico's about ....stop the immigration. Max is the only one who makes any sense whatsoever, on any issue lol.

I doubt if anything will actually get done, the only one stupid enough to "invest" is the government as any private entity won't unless they get government incentive (you again).

All these new "workers" are going to increase the need for infrastructure in every way.

Nothing for our homeless Veteran's, and nothing for the unknown number of Native communities across Canada in way of potable water.

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Seems like the solution to the housing crisis and lack of family doctors could easily be resolved by importing 1 million immigrants per year.

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On the news, the number of 3 1/2 million units needed by 2030 is being mentioned . The number is from a builders council, though.


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I was wondering, isn't the reason the interest rate went up is too slow things down?
How is a massive building boom slowing things down?
Won't that just increase the cost of building materials and labour?
How much gets built if we go into a recession?
Are we going to need Bongo and Ghanji if we go into a recession?

I think there will be a massive number of homes available when peoples mortgages come up for renewal, especially if they start losing their jobs.

I think the Turds handlers decided this is the only way Turd can win the next election, housing crisis, and here are our promises, which they wont/can't keep. This is how and why political footballs continue for years and new ones arise, to keep our attention on the bouncing ball.

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I live in a city with a very left leaning council. The cry for housing for the homeless from the council has been going on for a number of years. This same council has taken on major initiatives -- $100M for bike lanes, $25M to try and attract a world cup soccer game or two, defund the police was strong with the council until crime got so high there was push back. They talk but lack focus. Housing for homeless is only part of what needs to be discussed on this side. Building apartment blocks for homeless / low income has increased problems in the areas that they have been placed. So the NIMBY movement is strong based on experiences in other areas.

On affordable housing for starter homes and middleclass the push by this administration has been for lot splitting and construction of skinny homes. Essentially the benefit is back to the city with an increased tax base. We live in a 50 year old area -- average home selling is between $400K and $500K --- a lot split produces two homes selling for between $700K and a $1M plus. There are lots of reasons for the high cost on the homes -- finishing details, high material costs due to increased taxes, increased permit fees, transfer of upgrades required to utilities for the area to the developer. Now stop the skinny's you say --- well our clowncil has decided that there will be no new development of land or sub divisions until such time as the existing neighbourhoods are made over. The surrounding communities must have embraced this decree with open arms --- as there is a future huge shift in tax base coming their way.

On the new build front the cost of materials is sky high then there are the morgage rates --- gone up and going higher. All thanks to the NDP / Liberal team. I am not sure what the salary level would have to be for a new build starter home for mortage qualification.

On affordable starter homes there are lots of older areas that have homes in the $300K range that would be fixer uppers and then take the next step up. This does not seem to be that way most younger people want to go. As this option is there and affordable for those that want to work their way up I tend to shrug and provide no comment.



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First of all, the reference to Bongo and Ghanji should stop. I am a white male and know many immigrant, well educated and hard working people who do not look like me. Sure they are easy to see when things go wrong. We complain when they take over an industry (such as trucking in Southern ON, but not different thatn the Dutch in farming or Italians in construction) because they are taking our jobs but then complain when they end up as gang members (competition for hells angels and the mafia). Unless you are a "native" (and we are still not sure if they boated or walked across a land or ice bridge) someone in your past was an immigrant. It is also funny how all the "useless" tent dweller, drug addict, cardboard sign standing on the corner people, seem to be white.

Having said that, the topic of housing is not simple.
Immigrants are usually brought in to do the low paying jobs the more privileged did not want to do. The problem is Trudeau spends so much creating a nanny state we need them to pay our pensions. Of course too many will also cause a higher demand for housing, hence higher prices.

The affordable housing flag has been raised and the question is, what is affordable housing anyway. As one writer stated the first house they rented cost 1 days pay. He then chose what he could afford. The higher interest rates are not making houses affordable, they are just changing the distribution of cost (cost of house plus mortgage interest). If you were unaware of historic interest rate fluctuations and got caught with your pants down so to speak you will loose your house, so sell it cheaper before the bank takes it.
Japan is a good example of supply and demand. For a number of years mortgages were multi generational (50 years or more) the cost became so high they could not afford children. The population declined and now house prices have dropped (no one to buy) and they are stuck the other way with houses not worth what they paid.
My attitude has always been if I can't afford it then it needs to go. However this is the generation of bailouts and a gov't that feels the people are so inept that they must solve every problem for them. They seem to want a bunch of dependent whiners that they can hold trinkets up and say, don't you want the shiny toy... just vote for us, and it will all be OK because we know best. Then the taxes go up again or the deferred payment to higher debt and the need for more immigrants. And around we go.

Somebody mentioned the Green belt and taking land out of it. This has been done before and also added to. The first iteration was to stop unfettered poorly planned sprawl. Everybody is getting up in arms about some land being taken out but no focus on the fact that it is also breathing by having other land added.
Give some more thought to your position on Fords plan 1ONTARIOJIM put your media filter on and look at things again. The green belt has just made development jump the belt to Brantford, Guelph, Caledonia, Waterloo etc. and made a traffic nightmare as people now have to travel further and burn more fuel (nobody talks about all the fossil fuel now wasted) sitting on a 400 series highway going 30kph. The problem is nobody seems to have used the last 20 plus years to start planning properly and here we are again. Ford is telling communities to get off their butt and come up with a plan of how they are going to produce x amount of housing. I will admit that Ford's roll out did not have any political finesse.

I am not totally convinced the new Pierre is the best, but many of the common sense ideas are streets ahead of Mr. (budgets will balance themselves)Justin.

Give it some thought.

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Hey commie,, who is going to pay for it?

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After the shell game and fancy talk we are going to pay for new housing under the guise of..."we need it".

Of course there are good people everywhere, but should we paint them all with the same brush? they are not all bad, but they are also....not all good. Bongo is a business man, soon as he discovers there is an easier way to make a living he will quit carrying lumber, there is an easier way.

The fruit industry always relied on transient workers from Quebec, remote native communities etc...then the Sikh's bought almost 100% of the Orchards, nobody wanted to work for them because they screwed the workers, treated them like shyte, then cried we can't find workers.
It was, and still is bullshyte (they love the foreign workers program) imagine that. All they had to do was pay the workers and provide suitable accommadation and they couldn't do what was done for almost 100 years.

In speaking with a builder recently, he is also concerned with the potential for materials and labour to go through the roof once more, destroying any chance for home building unless of a government intervention

Ask your MP for details, they are back to work today, if you get a response post them up, I and others are waiting to find out who is going to pay for any of it.

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I wonder if anyone has considered the timber supply we have in Canada?...not sure what the stats are on which Province supplies the most timber to make building materials, but think BC by far leads the way. The timber supply is poor, we have also just lost millions of hectares of valued timber, as well we have lost hundreds, more likely thousands of structures this summer alone, driving cost for materials higher,,,that may be lost on someone not from BC, but shouldn't be,,,, for the retards...... it is supply and demand.

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Originally Posted by BowRiverFlyGuy
Seems like the solution to the housing crisis and lack of family doctors could easily be resolved by importing 1 million immigrants per year.

How is 1,000,000 immigrants per year going to help our housing crisis? I say shut the doors and sort out what we have here already.

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Originally Posted by SuperCub
Originally Posted by BowRiverFlyGuy
Seems like the solution to the housing crisis and lack of family doctors could easily be resolved by importing 1 million immigrants per year.

How is 1,000,000 immigrants per year going to help our housing crisis? I say shut the doors and sort out what we have here already.
I think he was being factitious, because only a politico would believe such a thing.

What Canada has done is.....rob poor countries of their proffesionals, such as Nurses, Doctors etc....although smart, it is immoral to enrich our country at the expense of a less fortunate country, leaving them even poorer for it.

Besides that, only a complete idiot wouldn't understand that (in BC) we still have a vaccine mandate for our healthcare workers, so the 2,000 nurses and unknown number of doctors have been fired. Trouble is that now if they dropped the mandates, they aren't coming back anyways because they are working in other Provinces or simply have retired.

We are being led down the garden path if we believe it is only 1,000,000 people, it is many more than that, double that.

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Originally Posted by 673
Hey commie,, who is going to pay for it?

I am not sure if the comment is directed at me as I fail to see any commie doctrine unless you mean
Don't be a bigot
Spend within your means
and get the politicians to do some smart planning regarding land use.

Which is it?

To your earlier point. Yes the gov't controls interest rates. They are going up to stop house flipping and people paying 200k or more over asking because they can't afford it anymore. It is also to stop Canadians from going further into debt by paying for other stuff like cars and vacations etc. that they can no longer afford (because they are paying more interest). The slowing of the economy (using interest rates) is designed to stop the recent inflation but it is probably too late. We see this in recent labor settlements which are increasing costs in a different way. The term used way back was the wage, price, spiral. However the swiftness with which this has happened will likely swing the pendulum the other way and we are probably headed for the big R. If you were alive and aware of what was going on in the early nineties and lived with 15-20 % interest (at the bank not CC), the only question that you have been asking yourself, is, why has this taken this long to happen again. In reality interest rates should have gone up a bit about 2 years ago and we would have seen a moderating effect on demand which would have kept the prices on a lot of stuff lower as well.

However all this still will not create affordable houses for those that lose their jobs. If the #s are to be believed there are just not enough houses to go around. So stop allowing as many immigrants in, which may solve some of the issue in the short term a bit. But we still have the problem of not enough younger people working to keep the pension system topped up. If we could get those not working, working, they could pay for their own house instead having the govt pressured to magically make houses appear. We know sometimes the govt has problems getting a road paved properly, how can we expect them to come up with a million or more homes?

Basically Trudeau has mismanaged at catastrophic levels.

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Originally Posted by biker1ron
Originally Posted by 673
Hey commie,, who is going to pay for it?

I am not sure if the comment is directed at me as I fail to see any commie doctrine unless you mean
Don't be a bigot
Spend within your means
and get the politicians to do some smart planning regarding land use.

Which is it?

To your earlier point. Yes the gov't controls interest rates. They are going up to stop house flipping and people paying 200k or more over asking because they can't afford it anymore. It is also to stop Canadians from going further into debt by paying for other stuff like cars and vacations etc. that they can no longer afford (because they are paying more interest). The slowing of the economy (using interest rates) is designed to stop the recent inflation but it is probably too late. We see this in recent labor settlements which are increasing costs in a different way. The term used way back was the wage, price, spiral. However the swiftness with which this has happened will likely swing the pendulum the other way and we are probably headed for the big R. If you were alive and aware of what was going on in the early nineties and lived with 15-20 % interest (at the bank not CC), the only question that you have been asking yourself, is, why has this taken this long to happen again. In reality interest rates should have gone up a bit about 2 years ago and we would have seen a moderating effect on demand which would have kept the prices on a lot of stuff lower as well.

However all this still will not create affordable houses for those that lose their jobs. If the #s are to be believed there are just not enough houses to go around. So stop allowing as many immigrants in, which may solve some of the issue in the short term a bit. But we still have the problem of not enough younger people working to keep the pension system topped up. If we could get those not working, working, they could pay for their own house instead having the govt pressured to magically make houses appear. We know sometimes the govt has problems getting a road paved properly, how can we expect them to come up with a million or more homes?

Basically Trudeau has mismanaged at catastrophic levels.
They aren't going too build FA, if you read from the beginning you would of understood its an election platform in preparation for the next election, a crisis created, then picked up by the opposition....that isn't needed, like the millions of new immigrants, its not needed.

You never addressed the homeless Veterans or the Native communities without housing or potable water.
Stop the blithering, we already know that one lol.

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Originally Posted by 673
[quote=SuperCub]What Canada has done is.....rob poor countries of their proffesionals, such as Nurses, Doctors etc....although smart, it is immoral to enrich our country at the expense of a less fortunate country, leaving them even poorer for it.

Besides that, only a complete idiot wouldn't understand that (in BC) we still have a vaccine mandate for our healthcare workers, so the 2,000 nurses and unknown number of doctors have been fired. Trouble is that now if they dropped the mandates, they aren't coming back anyways because they are working in other Provinces or simply have retired.

We are being led down the garden path if we believe it is only 1,000,000 people, it is many more than that, double that.

The brain drain is a low life move .... https://www.cbc.ca/radio/whitecoat/philippines-nurses-canada-1.6952067

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The Nurses of the Philipines I have had interaction with have been incredible, as have the other Nurses they have integrated into our healthcare, but we stole them, why lie?

Healthcare is a political football similar to the firearms issue, and they will never go away as long as they are platforms to distract and move the goal posts as needed.

Essentially what we have done by massive immigration under the guise of "labour" is doomed Native Canada to several more generations of hopelessness and despair. In many Native communities there is a vibrant yet idle youth sitting in a shytehole living on handouts provided by a system that is a Marxist one at best.

They will not survive under the current system, it is immoral to expect them to flourish or even survive under the conditions they are sustaining themselves.
The main reason my family and others survived and flourished was/is leaving traditional shyte holes and leaving that life behind allowing our children to have opportunities they simply do not have.

Canada has done next to FA to address this issue, this is the fault of Native leadership for allowing themselves to be used as do nothing figureheads.

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673;
Good morning to you my friend, I hope it's raining up there?

We're supposed to get rain today, but it's not so far. The Park Rill fire west of us blew up again yesterday but is still within the boundaries and then we heard they were ready to evacuate much of Peachland last night too.

Thanks for sharing your FN take with us, as we've discussed I had family living in a few different FN communities during the 70's and 80's but after that they moved south and my connections remain 4 decades in the past.

When I looked up the current population of Black Lake, SK I see it's about tripled from where it was in the early 70's and as you've noted with trapping and the uranium mining shut down, there's not much for the young folks to do if they want to stay up there and make a living.

As you know too, through family we're familiar with a fair few bands and by extension band councils as they change all over BC, so as you've said, the leadership is so critical. When it's not up to what's needed, it really shows and we've seen first hand how the system is abused for financial gain of the very few.

Lastly I've had similar interactions with nursing staff from the Philippines as you, it's all been positive. Honestly I can't say I've had any negative interactions with anyone from there and I've had a good double handful over the years.

I heard on the radio the other day - CBC so take it for what it might be - that the Philippines are short 300,000 nurses at present, but they were clear that they all hadn't come here.

Some of this mess is reparable I still think but it's going to require the will of the people and leadership to do that. A key component to the foundation of that repair is necessarily a media or communications media that can be trusted to speak the truth however and as the immortal bard said, "there's the rub".

We'll see.

All the best to you all this week, here's hoping we get at least a little bit of rain and good hunting.

Dwayne


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Originally Posted by biker1ron
Originally Posted by 673
Hey commie,, who is going to pay for it?

I am not sure if the comment is directed at me as I fail to see any commie doctrine unless you mean
Don't be a bigot
Spend within your means
and get the politicians to do some smart planning regarding land use.

Which is it?

To your earlier point. Yes the gov't controls interest rates. They are going up to stop house flipping and people paying 200k or more over asking because they can't afford it anymore. It is also to stop Canadians from going further into debt by paying for other stuff like cars and vacations etc. that they can no longer afford (because they are paying more interest). The slowing of the economy (using interest rates) is designed to stop the recent inflation but it is probably too late. We see this in recent labor settlements which are increasing costs in a different way. The term used way back was the wage, price, spiral. However the swiftness with which this has happened will likely swing the pendulum the other way and we are probably headed for the big R. If you were alive and aware of what was going on in the early nineties and lived with 15-20 % interest (at the bank not CC), the only question that you have been asking yourself, is, why has this taken this long to happen again. In reality interest rates should have gone up a bit about 2 years ago and we would have seen a moderating effect on demand which would have kept the prices on a lot of stuff lower as well.

However all this still will not create affordable houses for those that lose their jobs. If the #s are to be believed there are just not enough houses to go around. So stop allowing as many immigrants in, which may solve some of the issue in the short term a bit. But we still have the problem of not enough younger people working to keep the pension system topped up. If we could get those not working, working, they could pay for their own house instead having the govt pressured to magically make houses appear. We know sometimes the govt has problems getting a road paved properly, how can we expect them to come up with a million or more homes?

Basically Trudeau has mismanaged at catastrophic levels.

I agree with your last sentence, and with most of the rest, with some corrections.
The high interest rates occurred, not in the '90's, but in the decade previous to that. High interest is, in itself, inflationary; it increases the cost of doing business for all those who operate on a line of credit. High interest rates also have the effect of taking money out of the economy when those with money, rather than putting it to work, invest in safe term deposits. In addition, the government borrows at their own high rate.
Immigration , and boosting the population as a means of economic growth, is a failing practice. It is the easy way to increase production and consumption, but only if you ignore the attendant costs; both social and economic. GD

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Chatbot lol

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What has happened to Biker1ronda?
I heard the indians are getting riled up about housing and coddling of people who have just arrived here and they are wondering where their potable drinking water/housing/jobs/ and future is?

I got this from the indians.

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Good Morning
Thank you greydog for your comments as I am corrected, the higher interest rates did indeed occur earlier.
Personal experience sometime clouds facts and I recall getting my first big loan around that time as the second spike occurred. My comments regarding the effects of higher interest rates are obviously not all encompassing as they did not include such things as black market economies or as you mention diversion of capital, etc.

Circumstances, decisions (which include going to school, or not, doing drugs, choosing to be a criminal, helping the unfortunate or those in need, moving to a new country etc. ) and Gods grace are all factors which affect where you fit into the fortunate/unfortunate, housed/un-housed etc. spectrum. The other option is to ask the Gov't to do it all for you.

Regarding
"They created a housing crisis in Canada" I say simply, yes there is a crisis, not having water, food, shelter is a crisis. If "they" is Trudeau then I do not think he had the skills to plan 8 years into the future to create the mess we are in. I think it happened because he was not paying attention and indifferent. Trudeau's agenda has been one of social engineering not the physical and economic welfare of the Canadian citizen.
So yes he helped to create it but it is not something new.

You probably mean that someone in PR woke up and said hey I know how we can divert attention away from everything else we screwed up, lets highlight our ineptitude in a different area. Please see some of my other comments to see how that was accomplished.

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There is only a housing crisis for men if they are not good or smart enough to convince a beautiful woman to let them live in their house, and in return they provide favors. lol

cool

Last edited by KillerBee; 10/16/23.

KB


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Originally Posted by biker1ron
I think it happened because he was not paying attention and indifferent. Trudeau's agenda has been one of social engineering not the physical and economic welfare of the Canadian citizen. .

I am in agreement with most of what you say, however there are a number of examples of Trudeau through policies directly impacting the economic welfare of Canadian citizens. If he did not think bill C-69 through as to economic impacts then he is even more clueless than not paying attention / indifferent. He has harmed Canada greatly both on the world stage and at home.

His policies have driven up costs, closed businesses putting people out of work, derailed agriculture exports and made Canada's industries less competative --- all of which directly impact the ablity to buy homes. It will take many years to undo the mess he has made.

The only people benefiting from this regime' are those that recieve taxpayer funds to operate or Liberal insiders all of whom own nice properties already.



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Hi Hugh
If you look at C-69 as an effort to disarm citizens (law abiding shooters, hunters and those wishing to defend themself (against bears)= bad) and try to win points with the electorate, using a pretend attempt to stem crime while causing all the repercussions you mention. I would think that it fits the bill as not carefully thought out and social engineering. It would be even more alarming if that was his plan from the beginning.

I think we can agree to agree.

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The housing crisis has little to do with the Federal government, or for that matter, the Bank of Canada.The States set interest rates and we have to fellow along at a few points greater. The Bank is independent, but the rules are well known to anyone who has an interest in economics. The provinces set the building codes and the cities enforce them. So that is where the housing costs come from.

Canada didn't have an 2008 crash in the housing market, we have regulations to prevent that.


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Originally Posted by biker1ron
Hi Hugh
If you look at C-69 as an effort to disarm citizens (law abiding shooters, hunters and those wishing to defend themself (against bears)= bad) and try to win points with the electorate, using a pretend attempt to stem crime while causing all the repercussions you mention. I would think that it fits the bill as not carefully thought out and social engineering. It would be even more alarming if that was his plan from the beginning.

I think we can agree to agree.
Do you live in Canada?

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Originally Posted by downwindtracker2
The housing crisis has little to do with the Federal government, or for that matter, the Bank of Canada.The States set interest rates and we have to fellow along at a few points greater. The Bank is independent, but the rules are well known to anyone who has an interest in economics. The provinces set the building codes and the cities enforce them. So that is where the housing costs come from. Canada didn't have an 2008 crash in the housing market, we have regulations to prevent that.

In BC and particularly the Vancouver region the local government has had a huge impact on housing prices with the increased regulations.

Our local leadership is not much better with lot splitting to renew older neighbourhoods --- older home and lot seeling for the $400K range --- torn down and split for 2 skinneys priced at $700K to over $1M depending on level of fit out. Someone who could afford the $400K as a starter will not be able to afford the new skinny's. Neighbouring communities are growing due to this mentallity from our civic leaders.

On the Federal side the carbon tax has driven up the price of goods and services required to both construct new and undertake renovations. This tax alone has been a major driver in the material cost of homes going up. Now add to this the higher morgage rates and soon to be higher again. Very difficult to get into a new home when the initial cost has gone up so much and the pile on occurs with the morgage.

Unfortunately in our are the trend is buy new vs get a starter home and work your way up.



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Originally Posted by biker1ron
Hi Hugh If you look at C-69 as an effort to disarm citizens

C-69 is the no more pipelines law - just ruled unconstitutional

C-21 is the anti-firearms law - now on hold to 2025

Both had negative impacts on workers and businessess.



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For diesel , the carbon tax is just under 19 cents a a liter. I'm being gouged at least 80 cents a liter by the oil companies. Get your hate on right.


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The real crisis is this government and policies this Federal government implements. The immigration has caused the "housing crisis" and they have decided to use it as an election platform. They will build a few thousand dwellings here and there, we will pay for it.

The other crisis that is real.......because of this massive immigration, our infrastructure simply can't handle it, this cure for our "labour" shortage, has created a far larger list of problems.

Housing crisis?......don't take your eye off the ball.

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This fellow is labelled as a rising star in the Liberal caucus --- catch his take on how to solve the housing crisis. Totally clueless that there are already housing manufacturers using robotic manufacuturing for wall fraiming systems to reduce costs through reduced material waste and reduction in labour. Leadership like this and increased immigration will not solve the issue.

[Linked Image from i.imgur.com]



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