[usixk]

Current canuck here.

Since Trudeau has been elected the likelihood of purchasing a home or finding a job has drastically reduced and continues to fall. Rising tides raise all boats, given that the rent has risen everywhere too.

This creates a divide between the have and have-nots of property ownership and public or private employment. This divides ends in the individuals who have are happy since their investment skyrocketed while the have-nots are left with no hope for their future.

As for employment, the primary job growth is in public sector (government jobs) which are ultimately a parasitic value add to the economy.

Given this, it's easy to see the negative sentiment in Trudeau and his cabinet. This sentiment seems to have hit a crescendo with the recent release of the over-shot budget deficit.

Thoughts?

[ericmcer]

This is almost identical to the US economy, we have decent job growth... until you remove government jobs. It's really insidious how the current setup kills small businesses and drives everyone to government work, if this trend continues will the government just slowly consume everything?

Washington D.C. now is only behind SF and Seattle in average income. If you want money you either work for a sector that is booming or the government.

[jjeaff]

Almost all sectors in the US have seen job growth. Gov jobs have led in growth, but if you take out gov jobs, the US still sees job growth.

[usixk]

Hm, I'm unfamiliar with the public:private job ratio in the US. I'd imagine other industries bolster the US more (tech being an obvious one)? Whereas in Canada our biggest industries have dwindled and we typically lose our knowledge-based workers to you gosh darn freedom lovers!

[the-chitmonger]

Speaking as US citizen, what policies/legislation could Trudeau have reasonably enacted to alleviate the housing/job market? It's been pretty rough stateside as far as real estate goes, but it doesn't seem like a solution will materialize (that is to say, there's no solution that avoids hurting the wallets of the people in charge).

[red-iron-pine]

* limit immigration * limit foreign ownership of property; Canada is the best place to launder money in the world -- just buy Vancouver or Toronto real estate * direct investment in sectors of the economy that aren't oil & gas; e.g. not buying a huge pipeline * incentives to change zoning * changes to national laws around things like banking regulations and mortgages -- 30 year fixed rate mortgages like in the US aren't a thing in the CAN * initiatives to lesson other heavy impacts like higher cost of food, fuel, etc. some of these, like the Liberal's Daycare Subsidy were a good start

[usixk]

I'm no economist by any means but most armchair experts I interact tend to believe that this drive in pricing comes from low yield government spending, increased immigration and of course lower rate of residences being built.

IMO, altering immigration levels would have the most tangible affect on the housing and jobs (unsure about the US). I'm not bullish on the idea that we can build residences quickly and the government spending is hard to control with poor financial auditing among the current administration.

[moralestapia]

>Thoughts?

and prayers!