Comments on: Canadian Households See A Big Drop In Real Wages Ahead: Bank of Canada

By: Little Red Riding Hood

Little Red Riding Hood — Mon, 23 Jan 2023 20:30:20 +0000

In reply to Mark Bayly. Just because we have a population/immigration boom doesn't mean people will be able to afford mortgages and the nosebleed house prices of today. I remember the housing crash of 1978 to 1982 in the U.S. High-paying tech jobs dried up, inflation proved sticky and interest rates kept rising. Housing sales dropped 50% from 4 million units in 1978 to 2 million in 1982. It took 20 years, or until 1996, before home sales reached 4 million units again. This is what I see happening now. I hope you all prove me wrong.

By: Vitali

Vitali — Fri, 20 Jan 2023 23:43:44 +0000

In reply to Mark Bayly. Majority voted for weed. Majority in Quebec voted for French and $500 payback. So, eroded quality of life is what majority wants. They must use weed and this $500 to alleviate their problems

By: Concerned Citizen

Concerned Citizen — Thu, 19 Jan 2023 16:41:14 +0000

“The gap between inflation and wages has never been this large”.
**Graph convienently only goes back to 2014 and not even into any other previous recession in history.

By: Giuss

Giuss — Thu, 19 Jan 2023 04:26:35 +0000

I immigrated here a couple of months ago. This was such a downgrade for me and I really empathize with you people how you can survive this economy. I’m leaving soon :’)

By: Singh

Singh — Thu, 19 Jan 2023 03:00:14 +0000

Canada does not have 30 or 15 year fixed loans like the U.S. The citizens are not at the mercy of Banks like people in Canada are. That is why it is so stupid by the people running Bank of Canada have raised rate like the Americans. It’s a big mistake in the U.S. but it’s criminal in Canada. Especially when they had repeatedly told people they were not going to raise rates in the near future.
These politicians in Canada need to make changes here to have 30 and 15 year fixed loans so there can be a stable environment for property owners. Now on top of that when home prices are falling they have added huge increases in assessments to suck more money out of their citizens. 24 hour waits for getting into hospitals. No Doctors and extremely poor outcomes.
There is a shortage of housing, inflation and there is a push for more immigration.
College and University expenses have made it next to impossible for Canadians to get a proper education.
Homelessness and people with mental health are being ignored.
These are just a few things. But the Bank of Canada raising rates at break neck speed in the name of inflation is both pathetic and criminal.

By: Kate

Kate — Wed, 18 Jan 2023 18:42:35 +0000

In reply to Scott. Ha ha

By: Scott

Scott — Wed, 18 Jan 2023 13:21:32 +0000

Not worry. Here in Canada we have some of the smartest people looking out for us…

By: Miff Tacklem

Miff Tacklem — Wed, 18 Jan 2023 01:53:10 +0000

Isn’t it interesting that Stats Can is telling us that inflation has peaked but what the average Canadian sees in their everyday lives is the rate of inflation increasing? One of these is lying, Stats Can, or your own eyes.

By: Craig

Craig — Tue, 17 Jan 2023 23:28:27 +0000

I agree with Mark: “Immigration will save us” is not a sensible formula on the cusp of a recession. New immigrants deserve good salaries and affordable housing; as do all Canadians.

By: Mark Bayly

Mark Bayly — Tue, 17 Jan 2023 15:17:32 +0000

Vote importing a million immigrants a year lowers wages. You don’t have to be an expert to figure out that equation.