They're not even talking about the real issues....even in the province with the lowest gst 5%...in 20 transactions the whole of every dollar is returned to the government....look up when gst was introduced...look up when income tax was introduced...Adam smith's invisible hand is no longer invisible, laissez faire has been exterminated. Raising interest rates to slow/stop inflation does nothing more than create more opportunities for foreign investors. This is shameful how 2 so called experts can't even see/talk about the truth of the situation.
He's totally right, I'm a plumber and am working on a project of about 70 townhouses in Oakville Ontario, these houses are selling for 1.4 million each, 20 years ago they probably would have been around 200 grand each. I can't afford to buy the homes I help build, he nailed it on the head
This is going viral even on US independent channels. I think it’s because this interview breaks down the entire problem in easy to understand terms. Great interview.
One answer. Take half the money supply from all Canadian banks and delete it. You instantly halve the inflation. The banks will take it from John and Karen Middle Classes bank account! NOT if you take it directly out of the Bank's cash, their profit from last year and half all their stock options. Can't be done!! Oh can it ever be done. 😛 Nationalize the major Bank's SWIFT switches so ALL transactions flow through the government first. The banks will snivel and whine but will for sure take the knee.
Great compiled bulls**t. PeePee, like most Conservative leaders, is a scammer who will sell off Canadian owed assets to make it look like he is balancing the budget. He is a nasty, childish conman who uses US political methods to tear down others. He is not fit to be PM (ask Dominic Cardy). Pierre is the Federal look-a-like of Doug Ford who has tried to sell the property of the people of Ontario to his big business buddies for personal gain.
Either they don’t understand inflation or they are intentionally misrepresenting the argument. Yes, over printing money is terrible. That is absolutely not the only source of inflation. Calling all inflation immoral is like calling all water immoral because some people drown.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
He’s right!! I agree with him and it wii be difficulty convincing someone like me on this. The whole working for less than what rent would cost me if I didn't have two roommates for this two bedroom house is pretty devastating. However after enough time I have been convinced and am now trying to use what little I have extra to save up for some electrician classes in the hope I can increase my meager income. I'm about half way there, and switching from paying my full Netflix to only paying my coworkers difference in how much it went up along with giving up my Spotify being ad free along with some straight up mooching food from some friends to cut back on my food expenses is how I'm saving the difference.
Same here. I still have money left over after all is paid but I only have a 1-2 months emergency funds saved up before I’m screwed. Working a full time job and paying out of pocket for community college full time. No one else to rely on but myself. 2bed cost $2200 right now, i wonder how we then save for a down payment? we are screwed!
He’s out of touch with the finances of average people, Justin doesn’t even understand that net worth of the average Canadian is tied up in their primary residence. Good luck buying groceries with your home equity.
You look at it from an angle of avoidance and insistence that the system is rigged. Sure, in some ways it might be, but his point is you shouldn't use that as your excuse constantly. Which is what a lot of.folks do because it is the easy way out. And then if you feel like you're still living paycheck to paycheck, that is Because you're not investing x% of your income. You can choose to change that investment % which in turn will give you more in hand, and hence more cash flow. Truly the situations are difficult but it has honestly never been easy. What I figured out years back what that, we can predict some of these situations and take advantage of them. I and my CFA are working on a 7 figure ballpark goal, tho this could take till Q3 2025.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Becky Lou Gordon’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
In Vancouver that's the case. In many places it's bad, but that's the most extreme example. Don't blanket vancouver beurocracy over all of Canada.. that's why I left van 2 years ago.
@@leecrumble3921 that's wild. Building costs of course shot up at least 15 percent in that time while he was waiting. Making himself more poor and making housing cost more bexause everyone trying to add bedrooms is dealing with the same bs. We have such a low supply of housing because of this madness
I know a builder who told me 2 years ago that before he can even break ground he's spent at least $50,000 on red tape and permit fees; with more costly inspections, eco-fees and so on before that house is ready to sell. the home buyer is literally paying a couple of hundred thousand on bureaucratic bullshit, and borrowing at interest to pay for it all.
So you'd like that there are no safeguards? No inspection? A builder can come in a neighborhood, buy a plot of land and build a strip club next to a daycare, or maybe a pig factory could open shop next to your house, maybe build a 12 storey building in the place of the children parc ina 2 story neighborhood, no needs for permits, inspections, let anyone do whatever.
Its not your municipalities fault, it is the federal and provincial governments offloading duties to municipalities with no additional funding. In most cases they actually cut funding and still expect the work to be done.
Fellow Australian here, I’m the same, Canada is just a little further ahead of the journey then us, we should really be paying attention and learning from our Northern cousins
They let in over a million people into our country over the last couple of years and all people can talk about it capital gains tax and negative gearing. Japan has negative gearing, and yet property is cheap there. It's actually infuriating that people not only refuse to talk about the negative impact on house prices of mass immigration, but they will act like there's something wrong with you if you even bring it up. Even though it's obvious! Our population was under 20 million in 2000 and we've had a sub replacement birthrate for decades. Houses should be really cheap, but the government thinks it's a good idea to keep importing people hand over fist. It's a pyramid scheme, but it is good for people who already have houses and for companies (because it lowers wages.)
I don't trust career politicians. They do not know what's best for the blue collar man. Why are we not electing blue collars into positions of influence?
Brit here, I have a friend of mine who is also British but lives in Canada with his soon to be Canadian wife, I was totally shocked when they visted recently and told me they were coming back to the UK because it was a pipedream to buy a house and start a family in Canada. I visited Canada myself about 15 years ago and I thought it was absolutely amazing and would be a dream place to live, whatever has happened since then clearly has been truly horrific and it seems Trudeau has presided over all of it.
I've been watching Brits on youtube talking about moving to Australia because it's a pipedream to buy a house in Britain, and I've seen Australians complain that it's a pipedream to buy a house in Australia. These days, it's hard to think of any developed countries that don't have this problem.
I understand the feeling. I was born and raised in California. I moved out of California about four years ago, which was the best decision ever. I just got back from the holidays, visiting family and whatnot, and I can't believe how people still live in that dump. Tell your friends everything is going to be ok.
Yes, and "I" remember when Joe Clark, Brian Mulroney, Stephen Harper ALL PCs were hated was a hot mess and Canadians couldn't wait to vote them out. But remember, with the MAGAt Maples that think Dump is GOD, he intends to privatize and profit from healthcare at the expense of the Canadian citizens going BANKRUPT for healthcare and the Social programs that assist including the CPP that we have paid into cessing. SO DUMBASSES!!! Before you listen to these two CLOWN millionaires, THINK!!!!!
@@sandman_says_runrunner4701 you're welcome bro. PS, I don't think Trump can accept Alberta without upsetting the balance of power between the American political parties.
It will be better when they vote in Conservatives to fix the country. Poilievre might be that someone, I'm not entirely sure. Under the leftist Trudeau, Canada has become a disaster of a country.
Same! I have always had the upmost respect for our Canadian brothers and sisters, I donated to the Truckers, turns out the Adolf Trudeau took that for himself?
@@sandman_says_runrunner4701 US to we would love to see Alberta go, we will take California and a few other states and then we will watch the once poor Alberta grow as their "balls" grew...many Canadian's would pay for the US to take Alberta!
3rd Gen Canadian here. My grandparents immigrated here with nothing. And we built ourselves up. We did everything right. EVERYTHING by the book. We served this great country. And here I am 3 generations in with multiple STEM degrees and not being able to afford a simple house. Trudeau and Jagmeet have caused generational damage. It is actually pure malice.
@lee00402 no, they will be taxed and destroyed... when your parents die everything they give you is taxable.... imagine being broke, having to plan a funeral and now the bank tells you, you owe taxes on a house that's now 1 million dollars that your parents bought for 300k. I can barely pay my taxes now they are taking so much, what do you mean I'm suddenly a millionaire and have to pay taxes as such. Capital gains hits the middle class harder than a train. Quick, sell your childhood home at a loss, you'll drown otherwise.
It's easy when they are both trying to make each other look good rather than actually talk about it constructively with real issues instead it's a big fluff piece with no real plans and the plans are completely not possible due to already regulations in place to not approve something unsafely or unprecedented. He also missed the whole issue of inflated prices of housing in Canada is due to a funnel of illegal money spent in real estate in Canada that really was the reason for the fast pace of over valued homes in many cities in Canada.
@@kathyp1563podcasts are different with different hosts. I’m sure you would agree an astronomy enthusiast would rather listen to a renowned astronomist than someone like “Joe The Plumber.” Same thing here, Jordan B.Peterson (the host) is a renowned figure in psychology and many other fields
“It’s amazing how much panic one hypocrite can spread among a multitude of honest men. ” - Me. Remember Pierre Poilievre has never had a job outside of Politics. It's all he's ever done. He's been in politics and Government longer than Trudeau and Jagmeet. Pierre Poilievre has been in Government when all the problems were caused but pretends he's some kind of new outsider. He's just another clever snake oil salesman who can list all the problems in Canada without giving concrete solutions. We need to fix Canada.
And the nonsensical myth that deflation is bad. It is only bad for the irresponsible debt holders. Meanwhile US industry is now less than 20% GDP. China has flooded the country with deflationary cheap stuff, yet we are having inflation. Clearly something is wrong or rigged. But certainly proves that when things get cheaper people simply buy more!
Yeah that's more of a symptom of the problem versus the underlying problem, itself, which goes back to what PP discussed. The government and central bank must be restrained from expanding the money supply arbitrarily and monetizing debt in perpetuity. This causes assets to inflate in value, from stocks, to real estate. Financial firms understand this dynamic so they purchase these assets classes, thus making them even less affordable. The fundamental problem is two fold: it's the central planning of the financial system and broader economy through fiscal policy and monetary policy, and it is the tireless erosion of the purchasing power through debt monetization.
I would go farther: all foreign and domestic entities, NGO/non-profit, private and public companies, trust, corporations should be barred from purchasing single family homes.
@@brettr2123 Sorry you think Poilievre who wanted to dismantle the Bank of Canada which has been a major contributor to why we haven’t had massive foreclosures and the housing crisis in the US has solid ideas about banking. The guy who wanted Canadians to invest in crypto before the Bankman Freid debacle educated enough to comment on the workings of commerce. The guy whose highest level of education is a Bachelor of Arts with no banking or commerce experience running or directing Canada’s financial system?! He’s all talk and no substance. This was the biggest softball interview ever.
@@mariusztomaszewski1662 yep. Live in South Australia. Adelaide has some of the highest property prices in the world. A home out in high crime outer suburbs is now worth twice the amount of a decent mansion in one of the top suburbs in the 90s.
new subdivision in our neighbourhood....90% are from India....all drive bmw's or tesla's.......my kids can barely afford rent (renting from an immigrant with 3 houses)......i will never forget the liberals for doing this to our country
Stop blaming American wages . It’s special interest groups that sell everything to highest bidder. Don’t forget. Someone used to be on your land. Until they couldn’t feed themselves, and couldn’t recognize their home because of foreigners. You want it? You have to take it. Not show up to your job, that’s not what I mean. TAKE IT
@@SoSezTheDudeand our dollar is worth nothing in the global Market. Australia which has doesn't produce nearly as much goods, has a much stronger dollar on the market. It makes no sense how bad Canada is right now
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
We have been in a depression since 2008, the yield curve has already uninverted, global recession indicators are flashing alarm for well over a year, and absolutely nobody could pull us out of the hell coming regardless of party.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
Yes that's why houses are expensive because you can make a profit. Its just like stock market. If they had all the same price Robert Kiosaki would listen to his poor dad who was telling him to get a job
ASHLEY GARNER ABBOTT a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Also all of the people who immigrated here are sending a ton of money back to their home Countries. So instead of putting that money back into our Country, it’s leaving it.
globalists claim it's a good thing as our dollar would be used to buy Canadian goods going to other countries.. but have globalist ideals turned out to be good for society?
Can you be specific to how much money they’re sending back. If most people are living paycheque to paycheque, how much money will they be even be able to send back
Many reasons. When a Canadian family has to compete with immigrants willing to live with 20 people, including 10 working adults in the same 3 bedroom house, who can afford more?
@@syoung1908 that doesn’t really check out. Besides the fact that immigrants are not a drain on taxpayers and bring in and create more wealth than they take, the US has had far higher levels of immigration without the affordability issues we have now. That’s not to say our current adopted immigration policies are the right ones. It’s just important not to make things up when trying to get to meaningful solutions. I’m in the U.S army, and I can tell you a thing or two on what is truly a drain on taxpayer dollars.
This is so low IQ it’s crazy immigrants who are living with 20 people are damn near the slave class as you just described their living conditions, how are they buying houses and competing ? Competing in a renting environment still doesn’t make sense when there’s no shortage of rentals
Not just willing to live with more people, but able to. In the states, if we tried to live with that many people in one house they'd have child protective services at our door unless it's immigrants doing it.
If the Canadian government cared half as much for Canadians as they cared for non Canadians. We'd have billions of dollars, more homes and a fridge full of food
You don't understand globalization and macroeconomics. Canada will never be that unless we have something in HIGH demand for the world, or we make a new market. The solution apparently was money laundering in real estate.
Canadian government cares too much about the Canadians in the government, look at the size of the govt, govt spending, and its contribution to the Canadian GDP. Also, there is an old saying "The govt you elect is the govt. you deserve". So if you elect a moron like Treadeau what else did you expect?
The problem, I think, is that the Canadian government has invested so much money into making themselves look virtuous, and not enough into making Canadians lives more affordable. The Liberal government has decided that the image of a progressive country matters more than the actual lives of Canadians.
He says all the right things. I can't wait to see him solve all these problems as soon as he gets into office. Not saying this as a Liberal or Conservative, but as a person mistrusting of politicians in general. Less talk, more work.
You’re 100% right, he does SAY all the right things. But when he’s in parliament he’ll slash healthcare and not deliver on his promises as he is unable. Snake oil salesman
Pierre was adopted and has strived to make a better Canada. Justin grew up with not a silver spoon, not a golden spoon but a diamond spoon in his mouth and has done nothing but extract value from us for his own personal gain.
@@SpiTFir3z They lie to you about how taxing you more is good for you because they come back to you in helpful government programs. The truth is the people who get the most benefit from government are the ones who get government contracts or the ones who can work the system. Those people aren’t the working class.
North Americans have been chronically undertaxed for decades, particularly since the 1960s. As a result, the shiny postwar infrastructure and sprawling suburbs now face the inevitable need for costly repairs and replacements, such as aging pipes and utilities. Instead of implementing gradual tax increases over the years to keep up with these demands, voters repeatedly chose leaders who promised to keep taxes low. Now, in the 2000s, the bill has come due, and taxes must rise significantly to cover the mounting costs of deferred maintenance and upgrades.
@@mbogucki1Exactly what is happening in Florida with hoas. For years, hoas kept fees low but neglected keeping the building structure sound. Now that they are not required to keep building up to date they have to come up with and squeeze owners. Same thing is happening throughout the US. We neglect an issue until it blows up then we have to pay an even higher price to fix it. Exampe 2008
@mbogucki1 idk where you live but taxes do go up. We recently saw massive hikes due to liberals in our town. Now i pay even higher taxes and it goes mostly to waste, and their buddies pockets. But yes tell me how me paying more will solve all my problems. How much of my income should go to my betters who clearly know how to effectively spend it?
He answered it: Western governments, including the US, have been printing and increasing the money supply(overspending), which eventually drives up inflation, which affects everyone. Canada's current government is spends more than it collects in taxes, resulting in a 60 billion budget deficit. The problem is not in every country, China for example facing deflation which is different.
@@ThePilotGear this is the internet in 2025, what do you expect lol. I just shake my head reading comments all the time but im just 'indoctrinated' from university I suppose.
because people didnt know how good they had it.. thats why, also people simply voted because he promised to legalize weed, which was going to happen soon anyways, and jagmeet sign is the reason he was elected again,
The first time he was reasonable the second time he had to much influence and no one to stand up to him. Now Trump publicly humiliated him and refused to support him and this guy from the opposition party among more people who turned on him cause he's being unreasonable and arrogant
They only really voted for him the first time, the next two times he actually lost the vote, but because all of the seats are in Ottawa and Toronto he only needs them to win the election. The reason people voted for him the first time was because of Harper, everything bad you have to say about Trudeau Harper is also guilty of, they voted out Harper hoping his successor wouldn't be the same kind of tyrant like he was.
Id say you can't buy a house on China's Canada Because China took over No matter how much they say some new kind of foreigner did it It was China and the CCP PLA and the UFW
We're something like 18 months post Arderm (evil woman just like Trudeau). Our food is expensive, gas is crazy, jobs are scarce. Ardern caused the problems like Trudeau has caused yours. You must oust Trudeau. But be prepared for a time of healing, it won't be rosey overnight. Damage is faster than repair.
except the part towards the end of because Canada has soo much land, housing should be cheap..... even a 6th grader could tell you that those shouldn't be correlated.
PeePee thinks electricians harness lightning from the sky. He thinks housing is a federal matter. He thinks printing money causes inflation. He thinks corporate greed and skyrocketing prices will save us. He is clueless.....just like you.
@@RobertH-qb5it Also, Skippy thinks electricians harness energy from lightning, and thinks housing is a federal matter, and that printing money causes inflation. He is clueless.
I'm 35, live and work in Canada, and almost have enough saved for a down payment on a decent house. But now I'm second-guessing it, feels like the market's overvalued and there's talk of a crash. Some friends advised me to throw that cash into stocks and wait for prices to drop or but I'm also confused because what if I don't buy now and the prices go even higher.
Two years ago, I was in a similar spot and decided not to buy a home because I was happy in my rented apartment. That turned out to be a great choice, especially since I’m now making close to 15 grand a month from it! If you can, take the time to really research the process so you can navigate it safely. Or, consider working with an expert like I did to avoid costly mistakes, especially early on. Good luck!
@@kevingood-r3n nice. this makes a lot of sense. been considering going into this stock thing for some time now. heard its a nice way to make money bts. how can I get a nice f.a? and how expensive are they?
Well, you should start by looking out for those from credible firms and good track records. Also, make sure the person is licensed. Personally, I use Michael, Allen Eckrich. He's good and you could also look him up too. And they're usually way cheaper than you would expect.
Yeah. I completely relate to what you're going through. I'm waiting mysel, because homes are overpriced and then some..the few things that may happen(ofc nobody knows for certain) the elected officials, Trump/Pierre, will make changes to block out the outside forces causing the inflation and pricing people out, or the prices will continue to rise because people will have families help. I would wait if you have some savings, most people either in Canada or here in the great US of A don't even have the means to save enough for a down-payment. If you did panic buy rn( bad idea in my opinion) the home will never sell for more and you will be underwater, like so many others.
@@dennythedavinchi3832no it’s because the liberal party is limiting development of housing with regulations, green new requirements, carbon taxes, home buyer transfer taxes and mores
Pierre is a conman sadly. He worked under our previous PM Harper, whom I liked but who also put our house prices through the roof. As a homeowner I’m happy but it got out of hand due to both pms
@MarneusCalgar-mi3ub Hard to be worse than tyrant Trudeau but I’m not sold in smooth talker Pierre. He was extremely quiet while the truckers were being violated by Trudeau
So do the corpos, they would love if he could have a majority government. JT and his liberals have shown they dont care about us, but unfortunately, this guy's primary concern has always been making more money for his corpo friends. I hope I'm wrong, but I dont see why he would change now that he is gonna be PM
@@WesternPatriot-v8mWeek on the environment ! The conservatives line their pockets and their rich buddies and cut taxes for the Ubber rich cut backs on social services their all about austerity for the middle class,it won’t get better,wake up!!!
Highly enjoyable Podcast (in its entirety) ... very informative and entertaining. Fantastic questions asked and you held our future Prime Minister's feet to the fire ... well done, Sir! Pierre, in his classic and gentlemanly style, answered every question easily, factually and with humour ... The two of you kept it light but provided us with the answers to many questions that we NEEDED to know! Thank you, Sir for doing this. While I am here ... I would like to share how very much I am enjoying your recent Book ... "We who wrestle with God" ... absolutely brilliant! I find myself reading each sentence carefully ... to get the very best experience out of the adventure. Even though I know it would be an impossibility, I love to imagine meeting up with you for coffee ... just hanging out or enjoying good conversation ... or, if I could dare, challenge to to a Debate or two 😂🥰 ... to Debate you, I know, would be no easy thing ... but, win or loose, it sure would be both fun and an honour. All the best, Sir ... from our house to yours. 🌺🙏🌺
@@SASMADBRUV7 If a machine produces 100 widgets and takes 1 employee to run its more expensive than if the machine produced 200 widgets and took one employee to run. For the machine to produce 200 widgets the company needs to make capital investments to increase capacity. In Canada companies aren’t incentivized to make such investments.
Where is the cheap labor, I don't see it? I don't think you understand how much labor costs. And I don't know where you get the idea that its cheap. Can you explain these things to me. I'm an employer and I pay my employees more than I pay myself... so ya, I want to know where this cheap labor is at... Hint, it doesn't exist.
ya so lets keep them from overstepping into city politcs... scary the power grab here. already set up in alberta and ontario to allow this overstepping. scary scary time for canadas freedom if PP gets in. nevermind centralized digital currency, and how he will keep tabs on everyone with harpers israeli surveillance tech company he will sell to PP or be hired as consultant .... no one can explain how this huge power grab by PP will benefit canada. harpers did nothing for west expect same for PP
Yep, and we have a big chore to try to find a way to shrink a government and take away its ice cream while it’s big enough to hurt us… The generations before us allowed our governments to get this big and then kept us weak… we have to figure out how to solve this before the government collapses the very thing they’re using to have power because they seem to not understand at some point they’re so greedy they collapse the very thing that is helping them… It’s lack of respect for the common person, and forgetting that every politician was born a common person (at least in countries without royalty) an eventually all the laws you’ve made with the exceptions to benefit politicians are going to eventually come back to bite them… I’m hoping we’re about to see that here in our country of the USA, but the four years will tell us
1% to 99% if the rich 1% took out their wealth than there would be no money left for everyone else. Bitcoin is the closest thing we have to uninflatable money right now.
@@jesserobinson749 however it follows the dow jones pretty closely ie like always invest ur money otherwise ur loosing money. inflation is natural part of economy as tied to supply and demand. the only issue is lack of regulations will lead to a handful of companies owning 95% of everything we consume.. bitcoin is not currency as no INSTANT payments are made with it and if there was woul dbe HUGE amounts of energy needed which of course drives inflation :) essentially digital money is tied to energy so prepare for energy costs to go up if people use bitcoins.. also PPs plan for CENTRALIZED digital currency is dangerous for freedom and go hand in hand with social credit scores. please educate yourself on how dangerous centralized digital currency is for freedom.. essentially it carries data with it so can track EVERYTHING we do via the coin.. ie PPs idea is horrible for freedom, also his plan to overstep into city politics is a scary thing to give feds that power!! no no no.. not sure how he convinced people he is with them when he is for him and his buddies to build there mini blackrock company..SCARY. we need a statesmen to bring canada together like otoole was at least close to being.
I think that is the case of Canada. It is written: “He who oppresses the poor to increase his riches, And he who gives to the rich, will surely come to poverty.” Proverbs 22:16 NKJV
Hey I remember there’s a story from book of Daniel that talks about it too. It’s about Nebuchadnezzar that is so prideful that just allow himself for money I think.
@@meaganchui363 “At the end of the twelve months he was walking about the royal palace of Babylon. The king spoke, saying, “Is not this great Babylon, that I have built for a royal dwelling by my mighty power and for the honor of my majesty?” While the word was still in the king’s mouth, a voice fell from heaven: “King Nebuchadnezzar, to you it is spoken: the kingdom has departed from you!” Daniel 4:29-31 NKJV
I can not get a call back from all the places I've applied online, no one accepts resumes in person excuse being Covid rules still.. like man I was born and raised here 3rd generation and I can not find work. I need to work to feed my TEENAGE son...This is so HARD! (as a single mother)
I will be forever thankful to you, you changed my life I will continue to speak on your behalf for the world to hear that you saved me from huge financial debt with just a little trade, thank you Jihan Wu you're such a life saver
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
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He is very correct on inflation and adding to the money supply in order to pay for government spending. And yes, it does punish savers! I've never heard another politician talk about it like that. I liked him before b/c he opposed some policies on Trudeau, but like him a lot more now because of how well spoken he is on the topic of the economy and fiscal spending.
@@MeMe-dw1sm literally look at the polls in canada. He’s gonna win a massive majority government and Trudeau and the liberals are hitting an extinction like event in the polls
Lowering the cost to build homes will help, but the government also has to disincentivize homes being bought as investments. Taxes should be higher for all houses other than your primary residence, and they should be much higher for all homes owned by companies instead of people.
That's dumb, if companies have to pay high taxes to buy homes, they will not buy it, and new houses will not be built making overall supply decrease, cause you be putting all responsability to finance the building of a home on the working class, who may not have the necessary capital for it. Living on rent might not be ideal scenario for a lot of people but is certanly the reason why homelessness rates are not higher.
🎯👌Spot on TerryBean. I would also go more into exposing the shenanigans and corruption in the building industry and real estate industry and limiting their monopoly on housing. But what you mentions is a good start. Canada does not have a land scarcity problem, Canada has a building corruption, building monopoly problem in more ways than conceivable. Social housing for the poor or new immigrants has always been the responsibility of the 3 levels of government, not the responsibility of corporations to discriminate who can qualify for rental housing and make enormous profits for less work on ROI.
This is a hack, but it might be temporarily necessary to get everything on track. If the stock of housing goes up massively then they will cease to be good investments and the secondary home provision won’t be necessary.
I’ve been a exchange in Canada from Germany in 2022. Really enjoyed my times living in the Rockies in BC, back then I already saw this going on with ppl all the way from Vancouver and new from my own country it would soon affect Canadians all around. We visited my Canadian Host-Grandparents on their Farm in Sask and I thought it was still going well for Farmers around there compared to in Germany now I see how wrong I was as they are equally affected as we were already years ago. Really happy for the polls as Pierre is an outstanding down to earth guy and gives explanations for forces at play instead of relying on excuses and playing around. Good for you guys, really hoping the best for the great white north and Pierre in this election, even though he won’t be needing luck considering how the economy currently does.
This is gold and holds true for the US, as well. The insults I get when I try to explain this to communists here in the US, is astounding. They don’t believe that inflation is government created. It’s all corporate greed, for them. All of it. So, they want more government regulation and overreach, which causes more inflation. This is what we’re trying to jettison.
There is a huge difference between Canada and US end of the story. When US prints more money is not just the US citizen paying for it. Its the whole world who pays for it by creating a market around it. While for Canada is different, because no one trades with Canadians dollars. When it comes to US truth falls in both sides, it is the fed, the lawmakers and the coorporations.
@@vrrc7686 all true but root cause is government. People like to point fingers at corporations but the truth is, government are the ones taking the bribes and making the laws that allow for corruption when they’re supposed to public servants. 36 trillion in debt and counting. Buck stops with them. It’s the reason we’re trying to get it under control.
Yeah, He is making a lot of sense. Our debt is crazy high, and it's scary to think we're worse off than the US was before their big crash in 2008. Everything is so expensive now, especially houses. They need to do something about all this money printing and the debt. What's Trudeau doing sitting in office? Went to Costco to do some shopping and the tax break isn't helping, the stores just increased their prices.
did you know over past 40 years most of the debt came from conservative leaders that also cut programs? where did that money go? ask harper how he put canada into debt? his friends made money, canada did not. JT is only one who beat conservative debts lol and that was a pandemic.
Well... economies look after themselves don't you know?! This is what happens when you put a part time bouncer, part time ski instructor, part time camp counselor (scary thought), and part time drama teacher in charge to the largest business in Canada.
Bro the tax break was only on like food. Plenty of restaurants lowered their prices, offered special deals as it was all 12% cheaper. What didn't change? Gas, income tax, sales tax, GST on all your Christmas spending etc -- it was a joke of a tax break.
Health care is the same in Nova Scotia a 4yr old child with a 105 degree temperature waited 16hrs and was still waiting when my granddaughter gave up and went home. There was only one doctor in the emergency room with the waiting room full and patients lining the hall. You'd have thought there was an unreported disaster. Is it any wonder people are turning to books on symptoms and home remedies and cures?
Buy a house? I can't even find an affordable studio apartment. During my teens, early 2010's, my mom was renting out a two bedroom basement apartment for 750 with change to spare. That same spot now would either be 2000/month, 1200/room, or even fucking 700/half a matress.
The housing issues he's talking about, in Vancouver specifically, is primarily due to the huge amount of Chinese buying up the land. Vancouver is literally an overseas CCP headquarters.
That not the cause. Why are the rich buying it? Are they buying losing assets? If course not. They buy because they see the value goes up. That is the reason. Value is going up. Which is a good thing. You don't want to buy something and it loses in value go you?
@@tanz5389 yes, for those who aren't already owners and cannot afford to be owners. They need to rent. If they cannot afford the rent, go outside the city for lower rent. For everyone else, a successful city requires value to increase. Not decrease.
"We should have dirt cheap homes, because we have the most dirt" - Pierre Poilievre Pierre touched on artificial scarcity earlier also. In this case zoning and environmental assessments are used to pigeon hole developers into only building in certain areas. These areas are then sold at nosebleed prices. But Canada has 10 million sq/km of land. It makes no sense. If a city has too much sprawl, start a new city. 3 million people came to Canada in 3 years. That is 3 Nova Scotias worth of people. Start a new city. At least figure out how to build enough housing for them.
Well, many of these politicians own stock in land development. They profit off of land being high prices. At the end of the day, assets go up with inflation but the debt does not. They use those inflated assets to pay for the debt - that's a major part of how QE functions which eventually gets baught by the bank. They have no desire to change this system. Pay close attention to the Geulph concessions. I've seen nothing but McMansions going up around small townships that are now abandoned from the gentrification causing isolated cost of living crises. I watched as even the abandoned church is about to be demolished to build another mansion within what is left of the township itself. The real scary part, I noticed all of these mansions were primarily owned by PR's from South Asia. To that end, it starts to become clear why they aren't building new cities to match the population growth, they'd rather just turn Canada into an adult daycare centre for the 1% and profit off the lack of expansion. It's a new gilded age, sir. Here you are asking why we aren't building cities anymore, and here I am seeing them actually do the opposite of building a city.
@@hughmackechnie2104 That, or owned by the king of England or protected Indigenous lands. However, you may want to read my post above. There is plenty of land in Ontario that is habitable but is mismanaged. Townships are being converted into adult day care centres for the wealthy instead of being developed into new cities. It's shameful.
@@hughmackechnie2104 All of Germany is only about 350,000 sq/km. You can fit 25ish Germanies in Canada. Even if more than half our land is harsh, there is still 10ish Germanies worth of quality living area... if we choose to use it. Germany has 84 million people. So Canada with just 100 or 200 million is still under populated... and last I checked, only 41 million people live here.
@@john_doe_not_found The issue with simply starting a new city is that for a city to succeed and thrive it needs to have some sort of economy to sustain it. If you just build homes and amenities without anything to sustain the people living there then you end up with ghost cities like they have in China. I'm not saying what you're proposing is impossible; only that it's not as simple as picking some random chunk of land and building houses on it.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
Right, also to maximize this cycle, focus on growth stocks, small caps, and Bitcoin. As someone pointed out too; Working with a financial advisor can save and make you money. For example, my advisor allocated a small part of my portfolio based on Nancy Pelosi’s investments, which is legal. That portion has increased by 71% in six months.
I get why some people might think of voting for him: he’s a great communicator and explains the real issues well. But he hasn’t offered a single solution. Not one! Stop pointing out the obvious…
Please don’t vote until you understand what you’re voting for , not if you just got here do you research. If your rather wealthy he’s a good choice , if your an average Canadian very bad choice lol
Having had to work in warehouses that take advantage of the foreign worker program (cheap labour) the reason for the discrepancy with productivity is plainly obvious!
Are you referring to immigrants? Because I experienced the same thing. And many companies are unrecognizable now with literally over 95% of the workers being from India.
@rosetealatte9282 yes I am, where I worked it was about the same. The Indians didn't care about anything, stole the place blind and were more racist towards born Canadians then anyone else I have ever encountered
@@rosetealatte9282They take in natives for interviews, but don't hire them, even if they're more qualified, because workers from the third world don't ask questions about salary, vacation, parental leave, workers rights, unions etc
@@rosetealatte9282 It's simple Economics. Companies' shareholders don't give a Flying F... if if the company is unrecognizable as long as the company cuts costs by any means and make PROFITS. This is why many North American companies outsource to poor cheap labor countries too.😅😅😅😅
I don't live in Canada but I'm an intensive follower of Dr. Jordan B Peterson of whom I have come to have such a high regard for due to his gift to reach masses through his platform, academy, and genuine honesty. Thank you and God bless you and your family.
I moved out to Scarborough, east Toronto over 10 years ago at a tune of $400k. Homes now in my area are going for just under $1m, with a few new build hitting above that ceiling. Before the pandemic, I was just able to get by on 1 FT and 1 occasional gig job. I now need 1 FT that pays more than my old FT job, a PT job, more hours at my gig, and I'm considering one of my hobbies for extra cash flow...and this is all just to maintain that same level of being barely OK.
For housing, we need to cut the bureaucracy and taxes , get rid of federal land and ensure it is not proffited upon by any other entities, and ramp up modular home building to an almost wartime effort.
When !llegal !mmigr@nts started to flee from the UK into Ireland, under cover of night, the Irish government transported thousands of modern, brand new modular homes into the country. The Irish blocked the roads to stop the homes coming in, as they are absolutely fed up. But my point is that if a nation WANTS to provide inexpensive housing, it does so. Clearly, our government does not, and PP will not do so either.
where is all this federal land u speak of? national parks lol. western prov already have offloaded prov land to china... not smart but garnering SOO much debt they had to.. less land gov owns the riskier loans are and more interest they pay .. you see gov land is VERY important for the future. im sorry you never were taught this!
We have over 41 percent of land as federal land. Admittedly, most is in the north. I do not have all the answers, but anything is better than the 🤡 🌎 show we have all endured in the last nine years.@waywordprairie922
Isn't it refreshing to hear a leader answer questions and not talking around in circles without answers
Or having to cackle at everything they say.
They're not even talking about the real issues....even in the province with the lowest gst 5%...in 20 transactions the whole of every dollar is returned to the government....look up when gst was introduced...look up when income tax was introduced...Adam smith's invisible hand is no longer invisible, laissez faire has been exterminated. Raising interest rates to slow/stop inflation does nothing more than create more opportunities for foreign investors. This is shameful how 2 so called experts can't even see/talk about the truth of the situation.
Omg yes, I feel like an adult.
polievre will still import millions of inmigrants, he is not fixing anything
but don't you want to hear about how 8 out of 10 Canadians are better off, even though they clearly are not?
He's totally right, I'm a plumber and am working on a project of about 70 townhouses in Oakville Ontario, these houses are selling for 1.4 million each, 20 years ago they probably would have been around 200 grand each. I can't afford to buy the homes I help build, he nailed it on the head
You're a plumber. You can afford it. You ALL can afford it! You just don't want anybody to KNOW that.
@@johnnytpb Much of what happened is due to blind bidding. Should be outlawed.
@@johnnytpb it's market forces. And 20 years before that, houses were $7-10k.
Why would you want to buy these homes? Do you want self-destructive tenants? I don’t.
@@bodhisattva99 Perpetual victim are you?
This is going viral even on US independent channels. I think it’s because this interview breaks down the entire problem in easy to understand terms. Great interview.
One answer. Take half the money supply from all Canadian banks and delete it. You instantly halve the inflation.
The banks will take it from John and Karen Middle Classes bank account!
NOT if you take it directly out of the Bank's cash, their profit from last year and half all their stock options.
Can't be done!!
Oh can it ever be done. 😛 Nationalize the major Bank's SWIFT switches so ALL transactions flow through the government first. The banks will snivel and whine but will for sure take the knee.
Great compiled bulls**t. PeePee, like most Conservative leaders, is a scammer who will sell off Canadian owed assets to make it look like he is balancing the budget. He is a nasty, childish conman who uses US political methods to tear down others. He is not fit to be PM (ask Dominic Cardy). Pierre is the Federal look-a-like of Doug Ford who has tried to sell the property of the people of Ontario to his big business buddies for personal gain.
Transparency is why this I going viral politics don’t get this transparent even if you watched cspan
You could easily not mention Canada and most would assume it's about the US (save the identity of interviewers lol)
Either they don’t understand inflation or they are intentionally misrepresenting the argument. Yes, over printing money is terrible. That is absolutely not the only source of inflation. Calling all inflation immoral is like calling all water immoral because some people drown.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
He’s right!! I agree with him and it wii be difficulty convincing someone like me on this. The whole working for less than what rent would cost me if I didn't have two roommates for this two bedroom house is pretty devastating. However after enough time I have been convinced and am now trying to use what little I have extra to save up for some electrician classes in the hope I can increase my meager income. I'm about half way there, and switching from paying my full Netflix to only paying my coworkers difference in how much it went up along with giving up my Spotify being ad free along with some straight up mooching food from some friends to cut back on my food expenses is how I'm saving the difference.
Same here. I still have money left over after all is paid but I only have a 1-2 months emergency funds saved up before I’m screwed. Working a full time job and paying out of pocket for community college full time. No one else to rely on but myself. 2bed cost $2200 right now, i wonder how we then save for a down payment? we are screwed!
He’s out of touch with the finances of average people, Justin doesn’t even understand that net worth of the average Canadian is tied up in their primary residence. Good luck buying groceries with your home equity.
You look at it from an angle of avoidance and insistence that the system is rigged. Sure, in some ways it might be, but his point is you shouldn't use that as your excuse constantly. Which is what a lot of.folks do because it is the easy way out. And then if you feel like you're still living paycheck to paycheck, that is Because you're not investing x% of your income. You can choose to change that investment % which in turn will give you more in hand, and hence more cash flow. Truly the situations are difficult but it has honestly never been easy. What I figured out years back what that, we can predict some of these situations and take advantage of them. I and my CFA are working on a 7 figure ballpark goal, tho this could take till Q3 2025.
that's impressive!, I could really use the expertise of your CFA if you don’t mind?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Becky Lou Gordon’’ for about two years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
The fact that 60% of the cost of a home is bureaucracy is just appalling! I'm one of the many tradesmen who can't afford to purchase a home.
In Vancouver that's the case. In many places it's bad, but that's the most extreme example. Don't blanket vancouver beurocracy over all of Canada.. that's why I left van 2 years ago.
Been like this in California for a long time, I’ve been welding 27years and can’t afford a single bedroom apartment by myself.
That is mindboggling
@@leecrumble3921 that's wild. Building costs of course shot up at least 15 percent in that time while he was waiting. Making himself more poor and making housing cost more bexause everyone trying to add bedrooms is dealing with the same bs. We have such a low supply of housing because of this madness
And you believe him??? Utter BS!
I know a builder who told me 2 years ago that before he can even break ground he's spent at least $50,000 on red tape and permit fees; with more costly inspections, eco-fees and so on before that house is ready to sell. the home buyer is literally paying a couple of hundred thousand on bureaucratic bullshit, and borrowing at interest to pay for it all.
Then people should immigrate to more socialist countries.
So you'd like that there are no safeguards? No inspection? A builder can come in a neighborhood, buy a plot of land and build a strip club next to a daycare, or maybe a pig factory could open shop next to your house, maybe build a 12 storey building in the place of the children parc ina 2 story neighborhood, no needs for permits, inspections, let anyone do whatever.
We can have all safeguards and cut fees to build for more than double
ok so blame the municipality and province. why do we even have a land transfer tax ??
Its not your municipalities fault, it is the federal and provincial governments offloading duties to municipalities with no additional funding. In most cases they actually cut funding and still expect the work to be done.
I'm Australian, been listening to Pierre Poilievre for about 7 months now. This guy cares.
Fellow Australian here, I’m the same, Canada is just a little further ahead of the journey then us, we should really be paying attention and learning from our Northern cousins
They let in over a million people into our country over the last couple of years and all people can talk about it capital gains tax and negative gearing. Japan has negative gearing, and yet property is cheap there. It's actually infuriating that people not only refuse to talk about the negative impact on house prices of mass immigration, but they will act like there's something wrong with you if you even bring it up. Even though it's obvious!
Our population was under 20 million in 2000 and we've had a sub replacement birthrate for decades. Houses should be really cheap, but the government thinks it's a good idea to keep importing people hand over fist. It's a pyramid scheme, but it is good for people who already have houses and for companies (because it lowers wages.)
not really. Trudeau and PP, they both are talkers......we will see in the next 4 years.
I don't trust career politicians. They do not know what's best for the blue collar man. Why are we not electing blue collars into positions of influence?
I dont like Trudeau, but this guy just plays the blame game all the time. Let's remind ourselves 4 years from now.
Brit here, I have a friend of mine who is also British but lives in Canada with his soon to be Canadian wife, I was totally shocked when they visted recently and told me they were coming back to the UK because it was a pipedream to buy a house and start a family in Canada. I visited Canada myself about 15 years ago and I thought it was absolutely amazing and would be a dream place to live, whatever has happened since then clearly has been truly horrific and it seems Trudeau has presided over all of it.
This ^ 💯 🍻
I've been watching Brits on youtube talking about moving to Australia because it's a pipedream to buy a house in Britain, and I've seen Australians complain that it's a pipedream to buy a house in Australia. These days, it's hard to think of any developed countries that don't have this problem.
Globalism.
I understand the feeling. I was born and raised in California. I moved out of California about four years ago, which was the best decision ever. I just got back from the holidays, visiting family and whatnot, and I can't believe how people still live in that dump. Tell your friends everything is going to be ok.
Yes, and "I" remember when Joe Clark, Brian Mulroney, Stephen Harper ALL PCs were hated was a hot mess and Canadians couldn't wait to vote them out. But remember, with the MAGAt Maples that think Dump is GOD, he intends to privatize and profit from healthcare at the expense of the Canadian citizens going BANKRUPT for healthcare and the Social programs that assist including the CPP that we have paid into cessing. SO DUMBASSES!!! Before you listen to these two CLOWN millionaires, THINK!!!!!
American here, I wish my Canadian neighbors the best.
Thanks brother... we need all the help we can get. If it doesn't get fixed and soon, I am hoping Trump comes through and at least accepts Alberta.
@@sandman_says_runrunner4701 you're welcome bro.
PS, I don't think Trump can accept Alberta without upsetting the balance of power between the American political parties.
It will be better when they vote in Conservatives to fix the country. Poilievre might be that someone, I'm not entirely sure. Under the leftist Trudeau, Canada has become a disaster of a country.
Same! I have always had the upmost respect for our Canadian brothers and sisters, I donated to the Truckers, turns out the Adolf Trudeau took that for himself?
@@sandman_says_runrunner4701 US to we would love to see Alberta go, we will take California and a few other states and then we will watch the once poor Alberta grow as their "balls" grew...many Canadian's would pay for the US to take Alberta!
3rd Gen Canadian here. My grandparents immigrated here with nothing. And we built ourselves up. We did everything right. EVERYTHING by the book. We served this great country. And here I am 3 generations in with multiple STEM degrees and not being able to afford a simple house. Trudeau and Jagmeet have caused generational damage. It is actually pure malice.
Your family's generation wealth is hilarious, i guess you people never amounted to diddly-squat.. 😂😂
You will own nothing ant they will be happy. Remember : Justin Trudeau is a member of WEF.
But you will inherit the wealth 😊
@lee00402 no, they will be taxed and destroyed... when your parents die everything they give you is taxable.... imagine being broke, having to plan a funeral and now the bank tells you, you owe taxes on a house that's now 1 million dollars that your parents bought for 300k.
I can barely pay my taxes now they are taking so much, what do you mean I'm suddenly a millionaire and have to pay taxes as such.
Capital gains hits the middle class harder than a train.
Quick, sell your childhood home at a loss, you'll drown otherwise.
Ahhhhhh brother! If it makes you feel any better, the UK has the exact same problem, but no snow or friendly Canadians.
Beautiful intellectual conversation.
Great display of humanity right here.
This is why podcasts are so popular amongst voters. They treat "Joe the Plumber" like an intelligent decision maker.
don’t be hard on Trudeau, his father put him there
It's easy when they are both trying to make each other look good rather than actually talk about it constructively with real issues instead it's a big fluff piece with no real plans and the plans are completely not possible due to already regulations in place to not approve something unsafely or unprecedented. He also missed the whole issue of inflated prices of housing in Canada is due to a funnel of illegal money spent in real estate in Canada that really was the reason for the fast pace of over valued homes in many cities in Canada.
@@kathyp1563podcasts are different with different hosts. I’m sure you would agree an astronomy enthusiast would rather listen to a renowned astronomist than someone like “Joe The Plumber.” Same thing here, Jordan B.Peterson (the host) is a renowned figure in psychology and many other fields
*“It’s amazing how much panic one honest man can spread among a multitude of hypocrites. ”*
― Thomas Sowell
“It’s amazing how much panic one hypocrite can spread among a multitude of honest men. ” - Me. Remember Pierre Poilievre has never had a job outside of Politics. It's all he's ever done. He's been in politics and Government longer than Trudeau and Jagmeet. Pierre Poilievre has been in Government when all the problems were caused but pretends he's some kind of new outsider. He's just another clever snake oil salesman who can list all the problems in Canada without giving concrete solutions. We need to fix Canada.
Where is this honest man that you reference? Certainly not anyone in this interview.
And the nonsensical myth that deflation is bad. It is only bad for the irresponsible debt holders. Meanwhile US industry is now less than 20% GDP. China has flooded the country with deflationary cheap stuff, yet we are having inflation. Clearly something is wrong or rigged. But certainly proves that when things get cheaper people simply buy more!
@@MultiAxisDiscipline please do go on
@@MultiAxisDiscipline Keep your blinders on fool. You are stupid, and part of the problem. That's a tough combination to climb out of.
America and Canada MUST get foreign entities and private equity firms from legally being able to purchase single family homes.
Needs more upvotes.
Yeah that's more of a symptom of the problem versus the underlying problem, itself, which goes back to what PP discussed. The government and central bank must be restrained from expanding the money supply arbitrarily and monetizing debt in perpetuity.
This causes assets to inflate in value, from stocks, to real estate. Financial firms understand this dynamic so they purchase these assets classes, thus making them even less affordable.
The fundamental problem is two fold: it's the central planning of the financial system and broader economy through fiscal policy and monetary policy, and it is the tireless erosion of the purchasing power through debt monetization.
I would go farther: all foreign and domestic entities, NGO/non-profit, private and public companies, trust, corporations should be barred from purchasing single family homes.
@@brettr2123someone with a brain on the internet finally
@@brettr2123
Sorry you think Poilievre who wanted to dismantle the Bank of Canada which has been a major contributor to why we haven’t had massive foreclosures and the housing crisis in the US has solid ideas about banking. The guy who wanted Canadians to invest in crypto before the Bankman Freid debacle educated enough to comment on the workings of commerce. The guy whose highest level of education is a Bachelor of Arts with no banking or commerce experience running or directing Canada’s financial system?! He’s all talk and no substance. This was the biggest softball interview ever.
Substitute "Canada" for "Australia" and you have perfect picture what is happening down under.
WEF at work.
I know I have family there and the states so have been following all 3 closely - terrorizing to see all this
@@mariusztomaszewski1662 yep. Live in South Australia. Adelaide has some of the highest property prices in the world. A home out in high crime outer suburbs is now worth twice the amount of a decent mansion in one of the top suburbs in the 90s.
the diff in the land under is that 3 families own the country and install a new puppet for the people to vote on
Because it's owned by England am I right? They're all under the United Nations thumb as far as I know
Thanks!
new subdivision in our neighbourhood....90% are from India....all drive bmw's or tesla's.......my kids can barely afford rent (renting from an immigrant with 3 houses)......i will never forget the liberals for doing this to our country
Stop blaming American wages . It’s special interest groups that sell everything to highest bidder. Don’t forget. Someone used to be on your land. Until they couldn’t feed themselves, and couldn’t recognize their home because of foreigners. You want it? You have to take it. Not show up to your job, that’s not what I mean. TAKE IT
Shut down immigration at least until canada is back on its feet
Your kids sound lazy.
So its possible to own houses and cars? 😂 i think its a skill issue.
Stop im at least until canada is back on it's feet
It's pretty bad here in the States; can't imagine having to work 60 % harder to attain the same outcome...
It gets even worse, because on top of getting payed less, here in canada _everything_ costs more.
And we are taxed so much more@SoSezTheDude
@@SoSezTheDudeand our dollar is worth nothing in the global Market. Australia which has doesn't produce nearly as much goods, has a much stronger dollar on the market. It makes no sense how bad Canada is right now
don't forget extra tax 🙂
Socialism=poverty salutation from Montreal,Québec!pray for us :)
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
We have been in a depression since 2008, the yield curve has already uninverted, global recession indicators are flashing alarm for well over a year, and absolutely nobody could pull us out of the hell coming regardless of party.
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
Yes that's why houses are expensive because you can make a profit.
Its just like stock market.
If they had all the same price Robert Kiosaki would listen to his poor dad who was telling him to get a job
ASHLEY GARNER ABBOTT a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
What an intelligent man! Trudeau could not be able to give us such Analysis in simple explanations! Thank you Pierre!
Also all of the people who immigrated here are sending a ton of money back to their home Countries. So instead of putting that money back into our Country, it’s leaving it.
It's the only thing Filipinos are good at.
globalists claim it's a good thing as our dollar would be used to buy Canadian goods going to other countries.. but have globalist ideals turned out to be good for society?
This
This is what other countries are doing too.
Can you be specific to how much money they’re sending back. If most people are living paycheque to paycheque, how much money will they be even be able to send back
Many reasons. When a Canadian family has to compete with immigrants willing to live with 20 people, including 10 working adults in the same 3 bedroom house, who can afford more?
I didn't even watch the video yet... Did they even acknowledge the obvious answer you played out?
Same in the US but on a massively larger scale. They have undercut wages dramatically along with being a drain on taxpayers.
@@syoung1908 that doesn’t really check out. Besides the fact that immigrants are not a drain on taxpayers and bring in and create more wealth than they take, the US has had far higher levels of immigration without the affordability issues we have now. That’s not to say our current adopted immigration policies are the right ones. It’s just important not to make things up when trying to get to meaningful solutions.
I’m in the U.S army, and I can tell you a thing or two on what is truly a drain on taxpayer dollars.
This is so low IQ it’s crazy immigrants who are living with 20 people are damn near the slave class as you just described their living conditions, how are they buying houses and competing ? Competing in a renting environment still doesn’t make sense when there’s no shortage of rentals
Not just willing to live with more people, but able to. In the states, if we tried to live with that many people in one house they'd have child protective services at our door unless it's immigrants doing it.
If the Canadian government cared half as much for Canadians as they cared for non Canadians. We'd have billions of dollars, more homes and a fridge full of food
Exactly...too many, too fast.
You don't understand globalization and macroeconomics. Canada will never be that unless we have something in HIGH demand for the world, or we make a new market. The solution apparently was money laundering in real estate.
with all the resurces were sitting on, education and many things could be free
Canadian government cares too much about the Canadians in the government, look at the size of the govt, govt spending, and its contribution to the Canadian GDP. Also, there is an old saying "The govt you elect is the govt. you deserve". So if you elect a moron like Treadeau what else did you expect?
The problem, I think, is that the Canadian government has invested so much money into making themselves look virtuous, and not enough into making Canadians lives more affordable. The Liberal government has decided that the image of a progressive country matters more than the actual lives of Canadians.
He says all the right things. I can't wait to see him solve all these problems as soon as he gets into office. Not saying this as a Liberal or Conservative, but as a person mistrusting of politicians in general. Less talk, more work.
You’re 100% right, he does SAY all the right things. But when he’s in parliament he’ll slash healthcare and not deliver on his promises as he is unable. Snake oil salesman
Pierre was adopted and has strived to make a better Canada.
Justin grew up with not a silver spoon, not a golden spoon but a diamond spoon in his mouth and has done nothing but extract value from us for his own personal gain.
OUST HIM.
Why do all these rich kids pretend to be working class communists its so cringe
Justin Trudeau: I like to use YOUR money for my personal luxury travels 😈
@@SpiTFir3z They lie to you about how taxing you more is good for you because they come back to you in helpful government programs. The truth is the people who get the most benefit from government are the ones who get government contracts or the ones who can work the system. Those people aren’t the working class.
Pierre is not different
Property taxes are out of control. More expensive house more goes to property tax. Vicious cycle.
The government, praying on the people
Vancouver Island too
North Americans have been chronically undertaxed for decades, particularly since the 1960s. As a result, the shiny postwar infrastructure and sprawling suburbs now face the inevitable need for costly repairs and replacements, such as aging pipes and utilities.
Instead of implementing gradual tax increases over the years to keep up with these demands, voters repeatedly chose leaders who promised to keep taxes low. Now, in the 2000s, the bill has come due, and taxes must rise significantly to cover the mounting costs of deferred maintenance and upgrades.
@@mbogucki1Exactly what is happening in Florida with hoas. For years, hoas kept fees low but neglected keeping the building structure sound. Now that they are not required to keep building up to date they have to come up with and squeeze owners. Same thing is happening throughout the US. We neglect an issue until it blows up then we have to pay an even higher price to fix it. Exampe 2008
@mbogucki1 idk where you live but taxes do go up. We recently saw massive hikes due to liberals in our town. Now i pay even higher taxes and it goes mostly to waste, and their buddies pockets. But yes tell me how me paying more will solve all my problems. How much of my income should go to my betters who clearly know how to effectively spend it?
I think the bigger question is why is this happening globally?
This is a problem in every country
Because all largely Christian countries are being destroyed....
Capitalism as it is the problem!!!
Its socialists running western capitalist countries into the ground for the past 20 years. Thank God most are waking up
To collapae the current system and bring in the great reset
He answered it: Western governments, including the US, have been printing and increasing the money supply(overspending), which eventually drives up inflation, which affects everyone.
Canada's current government is spends more than it collects in taxes, resulting in a 60 billion budget deficit.
The problem is not in every country, China for example facing deflation which is different.
Love both Jordan Peterson and Pierre
Thank you Dr. Peterson for this amazing interview. This video went VIRAL for a very good reason.
Best crash course in state economics I've ever watched.
jesus christ.
@@ThePilotGear this is the internet in 2025, what do you expect lol. I just shake my head reading comments all the time but im just 'indoctrinated' from university I suppose.
I don’t think either of them are economic professionals. It would be great to get this fact checked by other think tanks.
Steve Keen.
@@ThePilotGear that’s exactly what I was thinking. Jesus Christ, indeed.
Thank you, Dr. Peterson, for inviting Mr. Poilievre! Excellent interview ❤
It wasn't an interview-it was carefully scripted and read off of a teleprompter.
@@RobertH-qb5itDon’t believe what this man says
@@RobertH-qb5it another liberal bot haha
polievre will still import millions of inmigrants, he is not fixing anything
@@RobertH-qb5it the hell you talkin about you Trudeau and Jagmeet supporter
I had no idea Canada was this screwed.
How did Canada vote for Trudeau time after time???? Its mind boggling
because people didnt know how good they had it.. thats why, also people simply voted because he promised to legalize weed, which was going to happen soon anyways, and jagmeet sign is the reason he was elected again,
The first time he was reasonable the second time he had to much influence and no one to stand up to him. Now Trump publicly humiliated him and refused to support him and this guy from the opposition party among more people who turned on him cause he's being unreasonable and arrogant
Or did they really?
Dominion.
Smartmatic
They only really voted for him the first time, the next two times he actually lost the vote, but because all of the seats are in Ottawa and Toronto he only needs them to win the election.
The reason people voted for him the first time was because of Harper, everything bad you have to say about Trudeau Harper is also guilty of, they voted out Harper hoping his successor wouldn't be the same kind of tyrant like he was.
@@leefrancis007 at least he's resigning
Incredible interview. Listen in full if you haven’t already 👏👏
Fluff piece did its job.
Id say you can't buy a house on China's Canada
Because China took over
No matter how much they say some new kind of foreigner did it
It was China and the CCP PLA and the UFW
@@estoc5467 libs shaking
Pure propaganda. New leader, badically same policies.
CPC = LPC = NDP = Greens
@ the Liberal Party has been destroying our beautiful country for 9 years. Time for a change.
Breath of fresh air finally
Can I just say this video looks exquisite
Just got back from Costco. Holy crap. Prices are insane across the board. JT and the Liberal-NDP has made living in Canada a daily bloody chore.
A 69 cent dollar will have that effect.
And scarcity of jobs, currently is fucked to the core.
@@rabbitsnrayguns my gf owns a smart car and it's more than $50 to fill it up now.
JFC
18 bucks for a medium size bag of grapes😅
We're something like 18 months post Arderm (evil woman just like Trudeau). Our food is expensive, gas is crazy, jobs are scarce. Ardern caused the problems like Trudeau has caused yours.
You must oust Trudeau.
But be prepared for a time of healing, it won't be rosey overnight.
Damage is faster than repair.
Shared far and wide! The whole country needs to see this!!
This guy knows his stuff. Hope he can help his country from all it’s corruption under the current woke government
spoiler alert: he won't
except the part towards the end of because Canada has soo much land, housing should be cheap..... even a 6th grader could tell you that those shouldn't be correlated.
PeePee thinks electricians harness lightning from the sky. He thinks housing is a federal matter. He thinks printing money causes inflation. He thinks corporate greed and skyrocketing prices will save us. He is clueless.....just like you.
Naw Skippy is a 20 year MP with zero accomplishments, other than being Harper's rent boy.
@@RobertH-qb5it Also, Skippy thinks electricians harness energy from lightning, and thinks housing is a federal matter, and that printing money causes inflation. He is clueless.
The Canadians need a leader like Pierre.
I'm 35, live and work in Canada, and almost have enough saved for a down payment on a decent house. But now I'm second-guessing it, feels like the market's overvalued and there's talk of a crash. Some friends advised me to throw that cash into stocks and wait for prices to drop or but I'm also confused because what if I don't buy now and the prices go even higher.
Go with the Stocks since they can offer high returns in the short term. Who knows, you might even make enough money to afford a better house
Two years ago, I was in a similar spot and decided not to buy a home because I was happy in my rented apartment. That turned out to be a great choice, especially since I’m now making close to 15 grand a month from it! If you can, take the time to really research the process so you can navigate it safely. Or, consider working with an expert like I did to avoid costly mistakes, especially early on. Good luck!
@@kevingood-r3n nice. this makes a lot of sense. been considering going into this stock thing for some time now. heard its a nice way to make money bts. how can I get a nice f.a? and how expensive are they?
Well, you should start by looking out for those from credible firms and good track records. Also, make sure the person is licensed. Personally, I use Michael, Allen Eckrich. He's good and you could also look him up too. And they're usually way cheaper than you would expect.
Yeah. I completely relate to what you're going through. I'm waiting mysel, because homes are overpriced and then some..the few things that may happen(ofc nobody knows for certain) the elected officials, Trump/Pierre, will make changes to block out the outside forces causing the inflation and pricing people out, or the prices will continue to rise because people will have families help. I would wait if you have some savings, most people either in Canada or here in the great US of A don't even have the means to save enough for a down-payment. If you did panic buy rn( bad idea in my opinion) the home will never sell for more and you will be underwater, like so many others.
40 million people in a land the size of the USA. and housing is unaffordable.
You don't want live up north. That's the cause.
@@dennythedavinchi3832no it’s because the liberal party is limiting development of housing with regulations, green new requirements, carbon taxes, home buyer transfer taxes and mores
Canada is actually quite a it larger than the USA in land size. second largest country in the world.
@@dennythedavinchi3832 the cold alone should make housing affordable
Banks make so much money off of white corporate men
He seems like a genuine person, I hope he gets elected not only for Canada but for the West
Pierre is a conman sadly. He worked under our previous PM Harper, whom I liked but who also put our house prices through the roof. As a homeowner I’m happy but it got out of hand due to both pms
@@dranderson6071 that's really sad to know. I hope he's at least better than Trudeau
@MarneusCalgar-mi3ub Hard to be worse than tyrant Trudeau but I’m not sold in smooth talker Pierre. He was extremely quiet while the truckers were being violated by Trudeau
@@dranderson6071 😮
@@dranderson6071 vote liberals or pension sing then I guess
Ever since I'm listening him, this guy always makes sense to me. We want you as our PM !
So do the corpos, they would love if he could have a majority government.
JT and his liberals have shown they dont care about us, but unfortunately, this guy's primary concern has always been making more money for his corpo friends.
I hope I'm wrong, but I dont see why he would change now that he is gonna be PM
Everyone needs to hear this.
I'd happily have this man represent me and my country.
i genuinely hope 2025 brings great things for Canada and Canadians.
Australia and Canada should like their on the same paths.
We are just as buggered over here
Socialists wreck everything.
All by design wef
British commonwealth......
Wef Israeli agenda
@@PatrickMcmahon-iq5xllol. Stop blaming the WEF....nobody even knew who they were before covid.
Michigan here. Canada needs this guy as prime Minister
New Zealand is exactly the same. New government is trying to fix things, but the horse has already bolted.
It’s sad but true. I feel for my 20 year old daughter.
The new govt have done nothing but make it worse! All the political parties are a joke.
Its done intentionally. It's not a coincidence that it's only happening in certain western countries.
Mandarin and Punjabi will eventually be the most spoken languages in Canada and Australia
Looks, sounds and communicates like a leader ❤
Pierre pollivere is weak on immigration. Ppc is getting stronger
@@WesternPatriot-v8mWeek on the environment !
The conservatives line their pockets and their rich buddies and cut taxes for the Ubber rich cut backs on social services their all about austerity for the middle class,it won’t get better,wake up!!!
A clearheaded leader is so rare nowadays.
Highly enjoyable Podcast (in its entirety) ... very informative and entertaining.
Fantastic questions asked and you held our future Prime Minister's feet to the fire ... well done, Sir!
Pierre, in his classic and gentlemanly style, answered every question easily, factually and with humour ...
The two of you kept it light but provided us with the answers to many questions that we NEEDED to know!
Thank you, Sir for doing this.
While I am here ... I would like to share how very much I am enjoying your recent Book ... "We who wrestle with God" ... absolutely brilliant!
I find myself reading each sentence carefully ... to get the very best experience out of the adventure.
Even though I know it would be an impossibility, I love to imagine meeting up with you for coffee ... just hanging out or enjoying good conversation ... or, if I could dare, challenge to to a Debate or two 😂🥰 ... to Debate you, I know, would be no easy thing ... but, win or loose, it sure would be both fun and an honour.
All the best, Sir ... from our house to yours.
🌺🙏🌺
A company doesn’t have to invest in capital goods if there is an endless supply of cheap labour.
Cheap labour that does sub par work is not really helping you.
You guys do realise more expensive labour equals higher prices. Who do you think the costs are going to be to passed to.
@@SASMADBRUV7 If a machine produces 100 widgets and takes 1 employee to run its more expensive than if the machine produced 200 widgets and took one employee to run. For the machine to produce 200 widgets the company needs to make capital investments to increase capacity. In Canada companies aren’t incentivized to make such investments.
@@SASMADBRUV7how much is the Liberal Party paying you to comment nonsense?
Where is the cheap labor, I don't see it?
I don't think you understand how much labor costs. And I don't know where you get the idea that its cheap. Can you explain these things to me. I'm an employer and I pay my employees more than I pay myself... so ya, I want to know where this cheap labor is at...
Hint, it doesn't exist.
The government is a hungry beast that’s best managed when it’s kept small and doesn’t interfere too much with commerce of its citizens
Government needs to work for Canadians not for Israel and immigrants
ya so lets keep them from overstepping into city politcs... scary the power grab here. already set up in alberta and ontario to allow this overstepping. scary scary time for canadas freedom if PP gets in. nevermind centralized digital currency, and how he will keep tabs on everyone with harpers israeli surveillance tech company he will sell to PP or be hired as consultant .... no one can explain how this huge power grab by PP will benefit canada. harpers did nothing for west expect same for PP
@@WesternPatriot-v8m Too bad PP is glazing Israel every other day.
Yep, and we have a big chore to try to find a way to shrink a government and take away its ice cream while it’s big enough to hurt us…
The generations before us allowed our governments to get this big and then kept us weak… we have to figure out how to solve this before the government collapses the very thing they’re using to have power because they seem to not understand at some point they’re so greedy they collapse the very thing that is helping them…
It’s lack of respect for the common person, and forgetting that every politician was born a common person (at least in countries without royalty) an eventually all the laws you’ve made with the exceptions to benefit politicians are going to eventually come back to bite them…
I’m hoping we’re about to see that here in our country of the USA, but the four years will tell us
How do you explain the vast success of the Nordic model then?
Praying for Canada! I have lots of family up there - even lived in 3 Bumps for a while. Don't give up hope - Canada can be grateful again!
To stop the inflation, stop the money printing. THE END.
Israel owes the west trillions of dollars in reparations especially after Harper
uh? inflation was world wide? worse in third world. BOOMING economy caused inflation hense increase in interest rates. lol man people are clueless.
Correct.
1% to 99% if the rich 1% took out their wealth than there would be no money left for everyone else. Bitcoin is the closest thing we have to uninflatable money right now.
@@jesserobinson749 however it follows the dow jones pretty closely ie like always invest ur money otherwise ur loosing money. inflation is natural part of economy as tied to supply and demand. the only issue is lack of regulations will lead to a handful of companies owning 95% of everything we consume.. bitcoin is not currency as no INSTANT payments are made with it and if there was woul dbe HUGE amounts of energy needed which of course drives inflation :) essentially digital money is tied to energy so prepare for energy costs to go up if people use bitcoins.. also PPs plan for CENTRALIZED digital currency is dangerous for freedom and go hand in hand with social credit scores. please educate yourself on how dangerous centralized digital currency is for freedom.. essentially it carries data with it so can track EVERYTHING we do via the coin.. ie PPs idea is horrible for freedom, also his plan to overstep into city politics is a scary thing to give feds that power!! no no no.. not sure how he convinced people he is with them when he is for him and his buddies to build there mini blackrock company..SCARY. we need a statesmen to bring canada together like otoole was at least close to being.
I think that is the case of Canada. It is written: “He who oppresses the poor to increase his riches, And he who gives to the rich, will surely come to poverty.”
Proverbs 22:16 NKJV
Hey I remember there’s a story from book of Daniel that talks about it too. It’s about Nebuchadnezzar that is so prideful that just allow himself for money I think.
And talks about how nations rise and fall
@@meaganchui363 “At the end of the twelve months he was walking about the royal palace of Babylon. The king spoke, saying, “Is not this great Babylon, that I have built for a royal dwelling by my mighty power and for the honor of my majesty?” While the word was still in the king’s mouth, a voice fell from heaven: “King Nebuchadnezzar, to you it is spoken: the kingdom has departed from you!”
Daniel 4:29-31 NKJV
That's why interest is a sin.
@ Good in theory. Bad in Practice.
This was the best explanation I’ve heard concerning Canada. It was easy to understand. He seems like he really cares about the people of Canada.
Splendid talk Gents! Refreshingly simple, yet profound, comprehensive and to-the-point. Masteful 👏
I can not get a call back from all the places I've applied online, no one accepts resumes in person excuse being Covid rules still.. like man I was born and raised here 3rd generation and I can not find work. I need to work to feed my TEENAGE son...This is so HARD! (as a single mother)
Im 44 its the same for me
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He is very correct on inflation and adding to the money supply in order to pay for government spending. And yes, it does punish savers! I've never heard another politician talk about it like that. I liked him before b/c he opposed some policies on Trudeau, but like him a lot more now because of how well spoken he is on the topic of the economy and fiscal spending.
One of the best explanations of inflation and its impact I have ever heard.
He must be the next PM of Canada.
He will be. Been watching PP for a while, he's a good man and outclasses the tyrant Trudeau in every way.
❤ From NZ
@@jamesclark6487 You don't Canada, they are incredibly left leaning... Hope you're right though, for their sake.
@@MeMe-dw1sm literally look at the polls in canada. He’s gonna win a massive majority government and Trudeau and the liberals are hitting an extinction like event in the polls
At the very least you'd have an articulate masculine man as a leader.
@@euphegenia appears my comment was removed 🤔 wasn't even contentious 🤣
Lowering the cost to build homes will help, but the government also has to disincentivize homes being bought as investments. Taxes should be higher for all houses other than your primary residence, and they should be much higher for all homes owned by companies instead of people.
That's dumb, if companies have to pay high taxes to buy homes, they will not buy it, and new houses will not be built making overall supply decrease, cause you be putting all responsability to finance the building of a home on the working class, who may not have the necessary capital for it. Living on rent might not be ideal scenario for a lot of people but is certanly the reason why homelessness rates are not higher.
🎯👌Spot on TerryBean. I would also go more into exposing the shenanigans and corruption in the building industry and real estate industry and limiting their monopoly on housing. But what you mentions is a good start.
Canada does not have a land scarcity problem, Canada has a building corruption, building monopoly problem in more ways than conceivable. Social housing for the poor or new immigrants has always been the responsibility of the 3 levels of government, not the responsibility of corporations to discriminate who can qualify for rental housing and make enormous profits for less work on ROI.
This is a hack, but it might be temporarily necessary to get everything on track.
If the stock of housing goes up massively then they will cease to be good investments and the secondary home provision won’t be necessary.
I'm a working Journeyman Carpenter in eastern Canada and no way could I buy a house and live comfortably.
loved it, amazing work - sense of staging and good work on the voice too
Amazing interview
I feel for Pierre. He's inheriting one hell of a mess.
Pierre pollivere sounds like controlled false opposition ge gad years to stop Tru dope. Ppc is getting stronger
I’ve been a exchange in Canada from Germany in 2022. Really enjoyed my times living in the Rockies in BC, back then I already saw this going on with ppl all the way from Vancouver and new from my own country it would soon affect Canadians all around.
We visited my Canadian Host-Grandparents on their Farm in Sask and I thought it was still going well for Farmers around there compared to in Germany now I see how wrong I was as they are equally affected as we were already years ago.
Really happy for the polls as Pierre is an outstanding down to earth guy and gives explanations for forces at play instead of relying on excuses and playing around. Good for you guys, really hoping the best for the great white north and Pierre in this election, even though he won’t be needing luck considering how the economy currently does.
This is gold and holds true for the US, as well. The insults I get when I try to explain this to communists here in the US, is astounding. They don’t believe that inflation is government created. It’s all corporate greed, for them. All of it. So, they want more government regulation and overreach, which causes more inflation. This is what we’re trying to jettison.
What does US inflation have to do with communists? US is a declared leader of the capitalist “free world”
Same. You cannot speak to Lefties about any of this.
There is a huge difference between Canada and US end of the story. When US prints more money is not just the US citizen paying for it. Its the whole world who pays for it by creating a market around it. While for Canada is different, because no one trades with Canadians dollars. When it comes to US truth falls in both sides, it is the fed, the lawmakers and the coorporations.
@@vrrc7686 Excellent point!
@@vrrc7686 all true but root cause is government. People like to point fingers at corporations but the truth is, government are the ones taking the bribes and making the laws that allow for corruption when they’re supposed to public servants. 36 trillion in debt and counting. Buck stops with them. It’s the reason we’re trying to get it under control.
This is an eye opener 😮 Canadians wake up.
They do not want to wake up because everybody keep voting for these lunatics, every 4 years.
These guys are inspiring
Dr Peterson is a man's man. Truth is powerful and Pierre is the leader we need! A true patriot! Canada First!
Sounds like Australia, New Zealand, UK, Europe, ......
Yeah, He is making a lot of sense. Our debt is crazy high, and it's scary to think we're worse off than the US was before their big crash in 2008. Everything is so expensive now, especially houses. They need to do something about all this money printing and the debt. What's Trudeau doing sitting in office? Went to Costco to do some shopping and the tax break isn't helping, the stores just increased their prices.
Trudeau's tactics: fight the inflation with MORE inflationist measures
Both the Liberals and NDP just love to spend while at the same time wanting to decrease oil and gas production which is our main export.
did you know over past 40 years most of the debt came from conservative leaders that also cut programs? where did that money go? ask harper how he put canada into debt? his friends made money, canada did not. JT is only one who beat conservative debts lol and that was a pandemic.
Well... economies look after themselves don't you know?! This is what happens when you put a part time bouncer, part time ski instructor, part time camp counselor (scary thought), and part time drama teacher in charge to the largest business in Canada.
Bro the tax break was only on like food. Plenty of restaurants lowered their prices, offered special deals as it was all 12% cheaper. What didn't change? Gas, income tax, sales tax, GST on all your Christmas spending etc -- it was a joke of a tax break.
Health care is the same in Nova Scotia a 4yr old child with a 105 degree temperature waited 16hrs and was still waiting when my granddaughter gave up and went home. There was only one doctor in the emergency room with the waiting room full and patients lining the hall. You'd have thought there was an unreported disaster. Is it any wonder people are turning to books on symptoms and home remedies and cures?
I’m not trying to be rude or anytning but that’s your provincial premier that’s accountable to that not the federal government.
Sounds like there was something more serious they needed to attend to
That's on your premier, hopefully you have a provincial election soon.
Buy a house? I can't even find an affordable studio apartment. During my teens, early 2010's, my mom was renting out a two bedroom basement apartment for 750 with change to spare. That same spot now would either be 2000/month, 1200/room, or even fucking 700/half a matress.
Well said
We need this man in Australia!
I made $135,000 in 2024 and my 1st paystub of 2025 was taxed 45% 😢 still can't buy a house in Canada
Here in Hong Kong, I only pay 17% tax on my income.
The housing issues he's talking about, in Vancouver specifically, is primarily due to the huge amount of Chinese buying up the land. Vancouver is literally an overseas CCP headquarters.
and the mob is still laundering the money through the housing market
That not the cause. Why are the rich buying it? Are they buying losing assets? If course not. They buy because they see the value goes up. That is the reason. Value is going up. Which is a good thing. You don't want to buy something and it loses in value go you?
@@tubetop123there is more to value than merely real estate to the wealthy Chinese.
@@tubetop123 they make the value goes up. And this is not a good thing for citizens around living there.
@@tanz5389 yes, for those who aren't already owners and cannot afford to be owners. They need to rent. If they cannot afford the rent, go outside the city for lower rent.
For everyone else, a successful city requires value to increase. Not decrease.
Thanks Guys!!
"We should have dirt cheap homes, because we have the most dirt" - Pierre Poilievre
Pierre touched on artificial scarcity earlier also. In this case zoning and environmental assessments are used to pigeon hole developers into only building in certain areas. These areas are then sold at nosebleed prices. But Canada has 10 million sq/km of land. It makes no sense. If a city has too much sprawl, start a new city.
3 million people came to Canada in 3 years. That is 3 Nova Scotias worth of people. Start a new city. At least figure out how to build enough housing for them.
Well, many of these politicians own stock in land development. They profit off of land being high prices. At the end of the day, assets go up with inflation but the debt does not. They use those inflated assets to pay for the debt - that's a major part of how QE functions which eventually gets baught by the bank. They have no desire to change this system. Pay close attention to the Geulph concessions. I've seen nothing but McMansions going up around small townships that are now abandoned from the gentrification causing isolated cost of living crises. I watched as even the abandoned church is about to be demolished to build another mansion within what is left of the township itself.
The real scary part, I noticed all of these mansions were primarily owned by PR's from South Asia. To that end, it starts to become clear why they aren't building new cities to match the population growth, they'd rather just turn Canada into an adult daycare centre for the 1% and profit off the lack of expansion. It's a new gilded age, sir. Here you are asking why we aren't building cities anymore, and here I am seeing them actually do the opposite of building a city.
The vast majority of our land is uninhabitable...
@@hughmackechnie2104 That, or owned by the king of England or protected Indigenous lands.
However, you may want to read my post above. There is plenty of land in Ontario that is habitable but is mismanaged. Townships are being converted into adult day care centres for the wealthy instead of being developed into new cities. It's shameful.
@@hughmackechnie2104 All of Germany is only about 350,000 sq/km. You can fit 25ish Germanies in Canada. Even if more than half our land is harsh, there is still 10ish Germanies worth of quality living area... if we choose to use it.
Germany has 84 million people. So Canada with just 100 or 200 million is still under populated... and last I checked, only 41 million people live here.
@@john_doe_not_found The issue with simply starting a new city is that for a city to succeed and thrive it needs to have some sort of economy to sustain it. If you just build homes and amenities without anything to sustain the people living there then you end up with ghost cities like they have in China. I'm not saying what you're proposing is impossible; only that it's not as simple as picking some random chunk of land and building houses on it.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
To balance out your real estate holdings, I suggest investing in equities. If you're cautious, even the worst recessions can present fantastic buying opportunities. Additionally, volatility can produce fantastic short-term purchase and sell opportunities. This is not financial advise, but you should buy immediately away because money isn't king right now!
Right, also to maximize this cycle, focus on growth stocks, small caps, and Bitcoin. As someone pointed out too; Working with a financial advisor can save and make you money. For example, my advisor allocated a small part of my portfolio based on Nancy Pelosi’s investments, which is legal. That portion has increased by 71% in six months.
@@PASCALDAB Wow!! this is impressive.. how can i reach this advisor if you don't mind me asking?
@@PASCALDAB How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
I get why some people might think of voting for him: he’s a great communicator and explains the real issues well. But he hasn’t offered a single solution. Not one! Stop pointing out the obvious…
Wow. That was really refreshing.
Just became Canadian. I am voting for this man. I love Canada and want her to be the best in the world.
Just became Canadian? gtfo our country man.
Please don’t vote until you understand what you’re voting for , not if you just got here do you research. If your rather wealthy he’s a good choice , if your an average Canadian very bad choice lol
@@BrianOrietin Canada and the USA both the squarely middle class have been conned into voting against their one best interests.
I've never been more ready to vote in my life.
Having had to work in warehouses that take advantage of the foreign worker program (cheap labour) the reason for the discrepancy with productivity is plainly obvious!
Are you referring to immigrants? Because I experienced the same thing. And many companies are unrecognizable now with literally over 95% of the workers being from India.
@rosetealatte9282 yes I am, where I worked it was about the same. The Indians didn't care about anything, stole the place blind and were more racist towards born Canadians then anyone else I have ever encountered
@@rosetealatte9282They take in natives for interviews, but don't hire them, even if they're more qualified, because workers from the third world don't ask questions about salary, vacation, parental leave, workers rights, unions etc
@@rosetealatte9282 It's simple Economics. Companies' shareholders don't give a Flying F... if if the company is unrecognizable as long as the company cuts costs by any means and make PROFITS. This is why many North American companies outsource to poor cheap labor countries too.😅😅😅😅
Really well put. This needs to be spread widely across Canada because few voters understand it.
Most people can't even afford rent in Canada. Tent cities are cropping up everywhere.
"most" is an exaggeration on that one
@@mikaelvellmun7228 I suggest you walk through the parks in Toronto.
I don't live in Canada but I'm an intensive follower of Dr. Jordan B Peterson of whom I have come to have such a high regard for due to his gift to reach masses through his platform, academy, and genuine honesty. Thank you and God bless you and your family.
We have the most land because its cold AF and nobody wants to live anywhere more North.
And it’s already owned , can’t just steal peoples land for houses because you want the economy to grown and bring in millions of people. lol
Brilliant discussion. Simple in the hands of a conservative leader. Especially with Peterson as an advisor.
Because Turdeau let in 10 million Indians without considering the logistics of it
🎯🎯🎯💯 thats who all the jobs go to as well. The kids here can't even get a job at tim hortons at the summer time. They only want to hire their own.
Canada is the capital of India
Poilievre is fantastic. He’s articulate while explaining in layman’s terms what we need to know. I’m praying he is elected PM for Canada.
@@BroadLyte what are his proposed solutions though
Get rid of the GST PERIOD ON EVERYTHING.
Taxpayers are being exploited
I moved out to Scarborough, east Toronto over 10 years ago at a tune of $400k. Homes now in my area are going for just under $1m, with a few new build hitting above that ceiling. Before the pandemic, I was just able to get by on 1 FT and 1 occasional gig job. I now need 1 FT that pays more than my old FT job, a PT job, more hours at my gig, and I'm considering one of my hobbies for extra cash flow...and this is all just to maintain that same level of being barely OK.
For housing, we need to cut the bureaucracy and taxes , get rid of federal land and ensure it is not proffited upon by any other entities, and ramp up modular home building to an almost wartime effort.
When !llegal !mmigr@nts started to flee from the UK into Ireland, under cover of night, the Irish government transported thousands of modern, brand new modular homes into the country. The Irish blocked the roads to stop the homes coming in, as they are absolutely fed up. But my point is that if a nation WANTS to provide inexpensive housing, it does so. Clearly, our government does not, and PP will not do so either.
where is all this federal land u speak of? national parks lol. western prov already have offloaded prov land to china... not smart but garnering SOO much debt they had to.. less land gov owns the riskier loans are and more interest they pay .. you see gov land is VERY important for the future. im sorry you never were taught this!
Builders will sell for what the market will bear. Builders will build when margins make sense.
We have over 41 percent of land as federal land. Admittedly, most is in the north. I do not have all the answers, but anything is better than the 🤡 🌎 show we have all endured in the last nine years.@waywordprairie922
@@marktang1983 Free markets for sure. Nothing else will work.