https://the-walker-report.com/2022/05/19/whats-happening-with-markets/

  • sinovictorchan@lemmygrad.ml
    ·
    4 months ago

    I had known that housing prices in Canada is having extreme increase, but I had not suspected that there are countries of Western European diaspora that had less severe problems with housing price increase. Is the massive housing price increase from the mass import of immigrants of color to replace the recently depleted supply of Aboriginal first nation child slaves in Indian Residential fake schools that operated in secret after 1997 and stolen inheritance of first nation children who were abducted into slavery in the fake cultural assimilation policy? Does it has relation with the ease of monopoly in the landowning sector of Canada?

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.ml
      hexagon
      ·
      4 months ago

      In my opinion, the main driver is the financialization of the real estate market. Since Canada is largely deindustrialized, banks and hedge funds started investing into real estate market, and it spread down to the residential housing market.

      • https://www.cbc.ca/news/business/real-estate-investment-firms-financialization-housing-1.6538087

      On top of that, 40% of Canadian MPs are landlords or invested in real estate, and 80% of Canada’s federal party leaders are invested In real estate. So, there's a huge conflict of interest from people driving policy.

      • https://www.landlordmps.ca/data-analysis
      • https://www.readthemaple.com/80-of-canadas-federal-party-leaders-invested-in-real-estate/