Mike's Content
2019 will see higher property taxes, higher carbon taxes, higher rent, higher Canadian Pension Plan permiums, higher car insurance rates, a new speculation tax for real estate, a new healthcare tax and higher interest payments. The bottom line – governments are making sure you have less money.
Some people are having second thoughts about voting for BREXIT as they start to see the ramifications of Britain leaving the EU.
Vancouver and Toronto are right there at the top when it comes to personal indebtedness. This isn’t necessarily a problem when the value of our homes is increasing, yet our politicians have consistently expressed their desire to drive down housing prices. In other words, they’ve purposefully made the debt load more precarious.
Innovation is born out of questioning the status quo, so cutting off debate on “settled” scientific, political or social views makes the opposite happen – stifles any chance for meaningful change.
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Housing Taxes Hurting Big Time
Posted by Michael Campbell
on Wednesday, 19 December 2018 10:25
Why do the same left-wing academics shouting for “windfall housing profits” to be taxed (and the media outlets that put them on the air) not recognize the dramatic decline in people’s financial well-being and the negative impact on one of our most important industries?