Post

I agree 💯 with your stance on this. We all knew that this was coming & frankly I wish governments/markets wound let things crash. The US S&L scandal in the 80s is a reminder that if that had of been left to it's natural course we would never have had subsequent messes & be where we are now. 1/

I think it was obvious in 2008 2009 when the US housing bubble burst but ours managed to avoid that mostly because of immigration I suspect. And low interest rates.

BC managed to keep it's finances on what appears to be profitable when it was all built on the RE corruption house of cards. We've had no help for the industries that keep the whole province working & prosperous. I feel this is just the tip of the bailouts across the country & what about TO's 2/

The government has stated policies of making housing more affordable while maintaining current housing prices. Obviously, this is mutually exclusive, so we end up with insane policies like subsidizing developers to build properties nobody would buy, and no one can afford to rent.