ReadOnly

344 posts

ReadOnly

ReadOnly

@ReadOnly454127

เข้าร่วม Ağustos 2024
24 กำลังติดตาม8 ผู้ติดตาม
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ReadOnly@ReadOnly454127·
@TrendPolCa Scarborough is a very diverse place. Don't think he is very representative of the population there. He is from Downtown. Scarborough needs a voice from its own people.
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TrendingPolitics.ca
TrendingPolitics.ca@TrendPolCa·
Nate Erskine-Smith urges Liberal rivals to drop Scarborough Southwest byelection nomination bids to boost his Ontario leadership run. Rivals dig in amid tensions — Toronto Star
TrendingPolitics.ca tweet media
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ReadOnly@ReadOnly454127·
@DianaCMcNally It ain't working because my wife made $118k as a teacher, with 12k in pension contribution. She made 1/2 that 10 years ago. LoL There are professors who make less. What a joke. She is A4 on final step. No "Breaking Bad" in Ontario.
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Diana Chan McNally
Diana Chan McNally@DianaCMcNally·
The Sunshine List was created by former Premier Mike Harris to denigrate the public sector and justify cuts to the social safety net. Hot take, but I have more of a problem with billionaires, corporate welfare, and tax breaks for the ultra-rich than paying a civil servant $200K.
Colin D'Mello | Global News@ColinDMello

Friday news dump: The Ford government released the Sunshine List today revealing that more than 400,000 publicly paid employees in the province earned over $100,000 last year. globalnews.ca/news/11748960/… #onpoli

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Doug Ford
Doug Ford@fordnation·
Billy Bishop Airport’s expansion is an opportunity Ontario and Canada can’t afford to waste. It will support tens of thousands of jobs, add $8.5 billion to our economy every year and provide cheaper, more convenient flights to more destinations for Ontario travellers.
Prabmeet Sarkaria@PrabSarkaria

For too long, Billy Bishop has been under-utilized. We’re stepping up to modernize and expand it — delivering more flights, more destinations and more affordable options for travellers. This is how we build a stronger economy and keep up with our growing province. thestar.com/opinion/contri…

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Dr. Mike P. Moffatt 🇨🇦🏅🏅
So the guy who ran for political office twice, is the son and grandson of well known Canadian politicians and is running to lead a political party isn't a politician. Sure.
The Hill Times@TheHillTimes

At a packed church in downtown Winnipeg, Avi Lewis supporters said they typically steer clear of endorsing politicians, but are showing up for the activist and filmmaker because he’s not a politician. #cdnpoli hilltimes.com/2026/03/26/he-…

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ReadOnly@ReadOnly454127·
@MikePMoffatt @tylermeredith Avi Lewis and his LEAP Manifesto will go nowhere. Sometimes parties need to go nowhere before they have another Le Bon Jack. Best hope for federal NDP is Premiere Wab Kinew. He reminds me of Doug Ford. Very authentic. Speaks like a regular person.
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Tyler Meredith
Tyler Meredith@tylermeredith·
I’ve heard this claim before - that Avi Lewis “isn’t a politician” It’s kinda funny. He’s actually run as an NDP candidate 2x before (in 2021 and 2025 elections) — and come third both times. He’s also a legacy NDPer. He’s a politician. He just doesn’t want you to think that.
Tyler Meredith tweet media
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ReadOnly@ReadOnly454127·
@Normie0d2 @PowMan33 @ronmortgageguy Still doable in the sprawl cities, like Calgary, Edmonton, Winnipeg. Not possible in GTA post-Greenbelt Act 2005. Not possible in GVA because of their geography since about the 70s or 80s when they ran out of land.
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Ron Butler
Ron Butler@ronmortgageguy·
Average Age Of First Time Home Buyers In Canada Is 40! WTF Have We Done To Ourselves? In the 1990's the Average Age was 27 If you go back in time it's even slightly lower If you take house prices from 2.5X Average Family Income to 9X or 10X this is the result
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Ron Butler
Ron Butler@ronmortgageguy·
@ReadOnly454127 @VinceP29847 The Greenbelt is a fantasy of Politicians & NIMBYs It's really the Rock/Scrub/Mansion Belt
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ReadOnly@ReadOnly454127·
@2345two @ronmortgageguy I am turning 41 this year. I will buying a house for my family. I know it is a bad investment. I know there is a Greenbelt that has made the house my refugee parents own worth $1+M but I want my kids to go to the same school and have the same friends during school years.
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kva
kva@2345two·
@ronmortgageguy Imagine buying at 40 and when it will be paid off!!! Taxes are high, mortgage is high !!! Why not to rent and make some other assets with Savings!!! I like the idea of reducing GST but it shall go to investors or residents. Every precon need additional 100-150k on closing !!!
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ReadOnly@ReadOnly454127·
@VinceP29847 @ronmortgageguy GTA has the Greenbelt Act limiting land supply. GVA has geography limiting land supply. They are priced accordingly. Texas is considered a bubble because land is cheap and they allow sprawl. Prices will drop as supply is highly elastic there. GTA and GVA have inelastic supply.
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Vince p
Vince p@VinceP29847·
@ronmortgageguy This is the problem there is no justification for 9-10X income. Our GDP/GDP per capita is terrible. We have high taxes, companies and jobs leaving. In Texas they are booming with businesses, money, talent and RE is 4.1X income. They say Texas is in a RE bubble. Think about that
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ReadOnly@ReadOnly454127·
@GeomapMark76150 @ronmortgageguy Canadians like to have about 1.5 kids. We are at 1.26 canada wide. Italy and Japan are higher. Lowest in GTA and GVA. Highest in the prairies.
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ReadOnly@ReadOnly454127·
@Trillion1717 @ronmortgageguy Houses are limited by law. We can only really build condos on mass by policy. Hence, houses are priced for scarcity. Mortgage amount won't being it down meaningfully for average people to buy. Scarcity by law.
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Trillion
Trillion@Trillion1717·
@ronmortgageguy So we should have a limit of 3x household income to buying houses and let prices come back down
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ReadOnly@ReadOnly454127·
@johnnylightnin @ronmortgageguy If there is a Greenbelt, and you limit supply of houses by law, how can all middle income people buy one, like they used to? Simple Math.
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ReadOnly@ReadOnly454127·
@Normie0d2 @PowMan33 @ronmortgageguy My refugee parents own Single Family House in Scarborough. Very doable. Ditto for my aunts and uncles. Some of them even worked at Tim's. LoL
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ReadOnly@ReadOnly454127·
@Graff2023 @ronmortgageguy Policy idiocy of the Greenbelt. I am turning 41, will likely buy my first house some time this year with help from my refugee parents of very modest incomes who are accidental housing millionaires. I would have bought ideally 7 years ago. Wife and I make about $200k.
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Brian Graff
Brian Graff@Graff2023·
Well, land prices have skyrocketed. Toronto and Vancouver are worst. People have bid up prices and have fewer kids. Elizabeth Warren had an interest book about 25 years ago, before she was Senator, called "The Two Income Trap" which looked at how spending habits had changed in the US, as well as why so many families went broke. Someone needs to do that for Canada as well. BUT if we are talking detached homes in Toronto, those are preferred, and in effect if 75% of the housing is detached, only the bottom 35% are priced out of detached housing, but if 75% of the housing is apartment or condo, then the top 25% will outbid everyone else for the detached homes. and taller buildings are more expensive to build too than detached.
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Ron Butler
Ron Butler@ronmortgageguy·
@Graff2023 Nothing, absolutely NOTHING compares with the one overwhelming difference Cost of a home then: 2.5X Average Family Income now 9X to 10X Nothing is as impactful as that
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Greyhounds Fan
Greyhounds Fan@FiacconiRichard·
@carastern @MikePMoffatt No. Canada is too big, too diverse, too territorial and will have too many more special interest parties. How’s this for an idea. Policies, country wide, that reflect across all of Canada, and positive talk of policy your party puts forth to attract voters.
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ReadOnly@ReadOnly454127·
@mickoxi @fordnation Gotta open up the Greenbelt and bring down land costs. It's the primary reason for high prices. Everything else is a byproduct of the increased land prices.
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Michael Jordan T.
Michael Jordan T.@mickoxi·
You don’t fix housing with rebates while keeping the same red tape, taxes, and delays that caused the crisis. The real solution? Get government out of the way: cut bureaucracy, reduce taxes, and fast-track approvals. If a project can’t be approved in 30 days, it should be automatically approved.
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Doug Ford
Doug Ford@fordnation·
Today’s provincial budget includes a tax cut of up to $130,000 for Ontario homebuyers of new homes. It’s part of our plan to make life more affordable while keeping Ontario workers on the job.
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ReadOnly@ReadOnly454127·
@doom_cassandra @fordnation Land supply is limited in GTA by law in 2005. Land is now priced for scarcity. Municipalities captured land lift by jacking up Development Charges. Prices in land constrained markets are 8-12 x HHI. In sprawl cities they are 3-5 x HHI. Mortgage Max is 4x HHI GTA was a sprawl city
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Cassandra Doom 🇨🇦🍁
Cassandra Doom 🇨🇦🍁@doom_cassandra·
@fordnation We can’t afford to fund our schools and hospitals, so gut even more government revenue? And does this really benefit the average person or your developer buddies who are building massive McMansions no one can afford? Bring back affordable housing and reasonable homes.
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