
John Ritchie
16K posts

John Ritchie
@john_jfsritchie
Strong views, weakly held.


The first thing we did this year, and the first thing we did as a majority government, was lower your costs.













🚨 10 years ago in Canada: 📌 5-year fixed mortgage rate: 2.85% 📌 Average home price: $431,000 📌 Down payment (20%): $86,200 📌 Monthly payment: $1,608 Today in Canada: 📌 5-year fixed mortgage rate: 4.49% (best discounted rate)  📌 Average home price May 2026: $702,079  📌 Down payment (20%): $140,416 📌 Monthly payment: $3,091 THE DAMAGE 👇 📌 Down payment increase: +$54,216 more cash needed upfront 📌 Monthly payment increase: +$1,483/month 📌 92% increase in monthly carrying cost 📌 63% increase in cash needed before you even get a mortgage And that’s the BEST case scenario. 👆 The stress test rate today? 📌 6.49% — meaning you must QUALIFY at that rate even if your actual rate is 4.49%  To qualify for the average Canadian home today you need: 📌 Household income of $140,000+ 📌 Canada’s median household income: $70,000 The average Canadian earns exactly half of what they need to buy the average home. 📌 33% of Canadian mortgage holders renewing in 2026 face payment increases averaging 20%.  They didn’t buy a more expensive house. They didn’t change jobs. They didn’t move. The policy changed. And now they’re paying $1,483 more. Every month. Forever. The US version of this story is bad. The Canadian version is worse. Same rate shock. Double the price-to-income ratio. No 30-year fixed option. Renewal risk every 5 years. 🇨🇳 This is not a housing market. This is a generational wealth transfer from people who don’t own homes to people who own five. 🇨🇦 Repost if your mortgage knows this number better than your MP does.

Voting has consequences. Canada voted for socialism, higher taxes, more regulations, less freedom. Business investors decided to go elsewhere. This is why Canada would be ranked near the bottom compared to every state in the USA.




Protected B is 🇨🇦’s security level for documents that cause “serious harm” to gov if made public. Interesting level for a regulator explaining inflated appraisals & weak home sales to banks, eh? 🇨🇦’s not bailing out a few developers. It’s bailing out the whole system. 🧵👇

This one’s not going away PM Carney just called it BCs idea…




If you’re a developer who bet on the high end of the market and you’re facing a loss of profits: this program will not help you. We’re acquiring units below the cost of construction and making them available as rentals for British Columbians — with a path to home ownership.



🇨🇦💳🏘️ 🤡: BC Premier David Eby promises taxpayers will not be on the hook for the cost of the government purchasing empty condos. 🤡 Eby claims the value of the condos offset the cost to taxpayers. Eby economics in all its glory. 🤨 Eby claims people will have a path to condo ownership, without needing a down payment. 🤷 What happens if the condos get trashed by low-income renters? 🗑️ We have already seen the destruction of SRO units, tiny homes & motels converted to no / low barrier housing. 🔥 In fact numerous motels have been razed to the ground in just a few years, that were repurposed for affordable housing.



