folkrav

“We’re not tasked with building deeply affordable or social housing. We can’t be there. We’re in business. Let’s draw a line between these two,” said Michael Brooks, president of Realpac, an organization that represents many of Canada’s biggest landlords, including Starlight.

I mean, yes, by definition your landlords are in it for the ROI. But there is no line to be drawn. It’s the same housing market, the same people who can’t afford to live. Canadians can’t afford to draw a line.

The landlords, who are identified only by the initials S.O. and K.O., argued they had good reason to expect the rate would remain low when they purchased the property. The Bank of Canada had kept its interest rate low for more than decade, as part of the government’s effort to stimulate the economy following the 2008 recession.

… in 2021? We were in the middle of a global pandemic, economy was already starting to show signs of stress, and a nationwide property values had shot up 25% YoY. How did they even manage to make the argument that anyone in their right mind would expect interest rates to remain low until the end of their term?!

It’s interesting how this newfound patriotism, that drives them to protect this country from Trudeau, doesn’t extend to being deeply critical of Trump’s term, considering how much he fucked us at every turn.