And I mean “SUCKS”
https://www.envedette.ca/videos/dany-turcotte-embrasse-justin-trudeau-1.1586826

May need to wait about a minute for the image to appear.

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“Global debt surges to highest level in peacetime”, Financial Times

https://www.ft.com/content/661f5c8a-dec9-11e9-9743-db5a370481bc

“We are likely to see central banks continue market interventions that have enabled governments to take on more debt since the crisis, perhaps even financing spending directly with so-called “helicopter money”.

“We’re actually not a million miles away from this. By their aggressive actions over the last decade, central banks have effectively trapped themselves into continually intervening in government bond markets. They’re arguably beyond the point of no return.”

“‘Helicopter money’ may be only weapon to confront next recession”, The Telegraph

https://www.telegraph.co.uk/business/2019/09/29/helicopter-money-may-weapon-confront-next-recession/

“A radical world of “helicopter money” – where central banks fund government spending – is “inevitable” as policymakers run out of ammunition ahead of the next recession, top economists have warned.”

“The NDP Housing Plan Is The Least Bad, But Still Makes Housing More Expensive”, Better Dwelling

https://betterdwelling.com/the-ndp-housing-plan-is-the-least-bad-but-still-makes-housing-more-expensive/

“Only 17 days until the election, and all parties are promising helicopter money for housing. The NDP plan, with rental subsidies, is probably the most well intended one. Rather than using tax dollars to help buy investments, they’re focusing on core needs. Unfortunately, every time you inject a large amount of cash into a market, it creates a ripple effect. The ripple effect flows through the whole market, not just a targeted segment. Even if they’re only looking to help low income renters, there’s broad implications for both non-subsidized renters and homebuyers.”

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“Why Andrew Scheer’s plan won’t actually make life more affordable”, Yahoo Business

https://ca.finance.yahoo.com/news/andrew-scheer-wont-make-life-more-affordable-174403119.html

One of the biggest issues — especially for young voters — is housing affordability. Scheer has pledged to scale back the mortgage stress test and bring back 30-year mortgages.

“We can’t simply assume we can solve the housing affordability crisis by encouraging younger Canadians to borrow more,” Paul Kershaw, UBC professor and founder of Generation Squeeze said.”

“Why Trudeau and Scheer are out-promising each other on affordability”, Maclean’s https://www.macleans.ca/politics/ottawa/why-trudeau-and-scheer-are-out-promising-each-other-on-affordability/ “The Conservative policy flies in the face of the advice Evan Siddall, president of the Canada Mortgage and Housing Corporation, gave MPs on a House committee earlier this year in a letter. “Critics of the stress test ignore the fact that high house prices are the overwhelming reason why home ownership is out of reach,” Siddall wrote. “In fact, the stress test has helped moderate house prices, making home ownership easier.”” “Tsur Somerville, a professor of real estate finance at University of British Columbia’s Sauder School of Business, agrees that the stress test is good policy, especially in hot markets. “The problem in Toronto and Vancouver is that house prices are too high,” Somerville said, “not that people can’t borrow enough.” As for the Liberals’ incentive, he doubts… Read more »

“Negative interest rates are inflating real estate prices. These cities are at risk of a bubble”, CNN

https://www.cnn.com/2019/09/30/economy/real-estate-bubble-frankfurt-paris/index.html

“Even as the Brexit chaos helps to deflate London’s real estate bubble by undermining the city’s status as a financial capital, record low interest rates are pushing prices in other European cities to dangerously high levels.”

“Hong Kong, and Canada’s Toronto and Vancouver, are also in bubble territory, according to the report.”

“Canadian Politicians Promise To Bring More Risk To Housing: Part One, The Liberals”, Better Dwelling
https://betterdwelling.com/canadian-politicians-promise-to-bring-more-risk-to-housing-part-one-the-liberals/

“The Liberals will expand the First-Time Home Buyer Incentive (FTHBI) if re-elected. The plan lowers monthly payments, by letting you buy less of the house. The government kicks in up to 10% of the price, and you pay back their share with your profit/loss. Only households making less than $120,000 per year, can qualify. If re-elected, they plan on expanding the program for Toronto, Vancouver, and Victoria. The cap on household income will increase to $150,000 per year in those regions.”

“The program was helicopter money to the real estate industry, to prop up, or inflate, prices. By providing a part of the down payment, the government is pulling demand forward.”

“Canada’s Conservative Housing Plan Is So Bad, Even The Party Used To Hate It’, Better Dwelling

https://betterdwelling.com/canadas-conservative-housing-plan-is-so-bad-even-the-party-used-to-hate-it/

“Only 18 days until the election, and every party has a terrible housing plan. One of the more interesting ones comes from the Conservative Party of Canada (CPC). The key point is extending the maximum amortization for mortgages. This is a fancy way of saying they want to let buyers pay their mortgage over a longer period of time. The odd thing here is the government before this one spent a lot of time explaining the risks of extended amortizations. That government was led by, *drumroll* the Conservative Party of Canada. Yeah… it’s weird.”

“IMF weighs in on Canadian housing — and Vancouver homeowners say good-bye to 80% of income”, Financial Post

https://business.financialpost.com/executive/posthaste-trade-wars-damage-spreads-beyond-factories-imf-weighs-in-on-canadian-housing-and-owning-vancouver-home-sucks-up-80-of-income

“The IMF said in a report this week that well-meaning policies in Canada to improve affordability by increasing a households’ capacity to borrow most often have the opposite effect. By studying the dynamics of house prices in 11 Canadian cities, the IMF determined that households being able to borrow more money has quickly been reflected in higher home prices. “

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