• 0 Posts
  • 294 Comments
Joined 1 year ago
cake
Cake day: July 25th, 2023

help-circle






  • “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?!



  • Ma langue maternelle est le français. Je suis né et vis au Québec, d’une famille canadienne française assez typique. Mes habiletés d’écriture sont plutôt fortes à en croire mes notes à l’école, mais je les pratique très peu. Je ne le parle pas aussi bien que je l’écris…

    Otherwise I’m pretty proficient in English. I’d say I’m more or less bilingual at this point. I cannot seem to enjoy fiction books nearly as much in the language though. I can’t really appreciate the differences in style well enough, I think.