Mike's Daily Comment

Fiscal Update: Canada is Doing Better Than Italians

Now that is damning with faint praise. Meanwhile government blows 135 million supporting talk shows. Perhaps there is a connection between economic underperformance and government intervention in so much of the economy? Talk shows? Brace yourself Canadians for the next round of “infrastructure spending”.

…also, Michael on: Millennials Are Economically & Financially Illiterate…

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Millennials Are Economically & Financially Illiterate…

……and that suits the present political elite just fine. It’s allowed them to slip through the new CHMC mortage rules that will effect affordability dramatically. Then there’s the “enhanced” Canada Pension Plan. Very very few understand the financial obligations our Millennials are set to shoulder. Infrastructure spending…again, its the millennials who’ll pay for that. For the political realm its really just fine there’s no rioting in the streets…..yet.

…also from Michael: Do Government’s Really Want Affordable Housing?

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Talk of affordable housing is cheap – but paying all the government related costs for new condos and houses is certainly not. New green levies, property purchase tax, development fees and the new mortgage rules are all forcing people looking to enter the market significantly higher.

Reality Check For The Progressive Left

Whether its the leap manifesto crowd, organized labour or the NDP, their demand for higher taxes on corporations has been proven to reduce worker wages and economic growth. Fine for some but what about the workers?

….also from Michael: Ignorance Rules

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Ignorance Rules

For years we’ve been graduating students that are economically and financially illiterate. It comes at a cost, as you can see so many people being duped in the US Election where one of Trump’s populist stands is supported by the Canada’s left.

…also Michael’s Mid-Week Update: Vancouver’s Hot Real Estate Market Not Finished Yet!

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