It is nice to see economists starting to address the elephant in the room. Hopefully, the people in power start to do the same and close Canada's borders.
How much money is mass migration costing us? Does anybody care? I would like to know the cost. Every week I’m hearing more mayors asking for more money to take care of asylum seekers. The politicians told us that mass migration was going to make our lives better, it’s not. How much is it costing us? Canadians deserve to know.
If Canadians continue to avoid discussing the elephants in the room and admit our problems ; too much immigration and investment tied to real estate, we will never get out of this mess. I am glad he guest managed to bring it up and talk about it. We have to recognize our problems and act on it. It is unlikely Bank of Canada can make significant changes to interest rate if the US holds its rate because of their strong economy. At the end of the day, we need a reset to our economy to move forward and a recession with high employment is needed.
the INFLATION HOUSE should NOT BE included in INFLATION CALCULATION.... It is NOT a ``Consumable`` ... it is an INVESTMENT ... SO, in the past ( BEFORE 2016...) Canada NOT included House in inflation ... ( like EVERY others G7 country ...). THAT`S WHY , right now the rising RATE not only DOESN`T LOWER INFLATION : THEY ARE THE NUMBER ONE CAUSE OF IT !! ... In others words RISING RATE are WORST THAN THE DECEASE ( INFLATION ...). MANYS professional express that this week , and one of them are none other than the NATIONAL BANK...
lol, spell check is part of the problem. There's actually nothing spelled incorrectly. The people who write and check the titles just need to be fully literate.
If he is serious about his analysis, he should know each immigrant bring 5 jobs to Canada - doctor, realtor, lawyer, accountant, insurance agent. How immigration then complicates our economy? Stupid.
Mortgage should be illegal. We should be learning how to save and pay cash for a house. Mortgages causes artificial prices on homes. This needs to stop. Rent used to be always better than owning a house until someone came up with an idea to use housing market to make money by giving out loans. I remember someone told me there was no such thing was a mortgage back in the 30s or 40's. It's disgusting how it's used to make dumb money and exploit people. The system back then was fine, everyone was happy. Now, we have so many abusing the housing market. Greed is horrible. Mortgages should never be over 10 years. The longer the amortization and lower the rate, the higher the artificial price
I don’t know if this is due to racism or ignorance but blaming immigration in this case is a bit stupid when we know that the main issue is the lack of infrastructure caused by the governments over the last 30 years we feeling the pressure now because the job hasn’t been done by the previous governments so instead of blaming immigration let’s find solutions to invest more into infrastructure
I know not many people look at this channel. But this really is one of the only places where we can listen to these economic news and developments. This is important information and discussion for all of us to know. Keep up the great work!
