For the first time since the 70’s, the United States is the biggest producer of oil in the world.

The NDP in BC and Alberta have rejected the revenue neutral carbon tax model in favour of taking in billions in new tax revenue. And it’s only the beginning. To meet our Paris Climate Accord promises the carbon tax has to rise to $200 a ton.  

So which is the bigger problem – rising or falling housing prices? There is no doubt that with $600 billion added in new mortgage debt since 2010, falling prices with rising mortgage rates are potentially a much bigger problem.  So why are governments actively pushing for lower prices? 

Federal spending has cracked the $3billion mark this fiscal year with tax revenues up 6%. Despite the growth in revenues, the debt is racking up. Can Canada continue on this path?