Liberal Minority Government 2025 - ???

[The Bread Guy]

... One sees a vicious partisan driven attack dog, another sees someone holding the minority government to account for their actions or inactions.

Those two aren't mutually exclusive. There are people out there who may like what PP & Co. does while not liking the "how". That's why even when Team Blue was getting a lot of "we'd vote for the party" numbers after PP got chosen as coach, he still continued to struggle a bit with how he came across to voters. That "how he came across" gap seemed to have grown since the beginning of this year. Let's see how he does back in the House - and yeah, things CAN happen to anyone, for sure.

 

[PPCLI Guy]

I will say something that will stick in your craw, you are very partisan, I am not.

And yet you both continue with vitriolic ad hominem attacks against each other.

Like most humans, I tend to tune out shouters, especially when the scent of rage is in the air.

 

[Quirky]

seem to remember a few years ago, many folks here defending Trudeau to the last breath,

The same people are now defending MC even when this country, much like the CAF, has become completely dysfunctional.

 

[IKnowNothing]

The same people are now defending MC even when this country, much like the CAF, has become completely dysfunctional.

Spot on. If you're going to believe MC is capable of time travel to hang a law instituted in 1999 at his feet, why stop there- everything is MC's fault.

 

[PPCLI Guy]

The same people are now defending MC even when this country, much like the CAF, has become completely dysfunctional.

In the just the last 106 days. That is a completely astounding collapse of a country that has been around for quite a bit longer than that

 

[Brad Sallows]

Right now, housing prices are (currently) falling slightly, having been steady for the better part of three years.

And why is it that prices are down? The wisdom of PMMC, or the ham-fisted bull-in-a-china-shop economic policies of PDJT?

 

[IKnowNothing]

And why is it that prices are down? The wisdom of PMMC, or the ham-fisted bull-in-a-china-shop economic policies of PDJT?

Immaterial in the context of my post, but in aggregate the majority of fall from 2022 peak happened between April 2022 and early 2023. Neither were in office them, nor were they in office last year when rates came down

 

[Brad Sallows]

Immaterial in the context of my post, but in aggregate the majority of fall from 2022 peak happened between April 2022 and early 2023. Neither were in office them, nor were they in office last year when rates came down

Surely it's relevant if the mitigation for one crisis is another crisis? What should we expect when the courts finish ruling that the executive-imposed tariffs are unconstitutional and they go away?

 

[Jarnhamar]

Justin Trudeau was a loudly incompetent scandal ridden PM

And Canadians loved him for 10 years.

Justin was brilliant.

"Believe women" was my favorite.

 

[YZT580]

And why is it that prices are down? The wisdom of PMMC, or the ham-fisted bull-in-a-china-shop economic policies of PDJT?

neither. Prices are down because there aren't buyers around who can afford the asking price. You can hang the depressing economy on the liberal party which is what has brought prices down but you can't praise Carney for doing anything right to fix it. I will add YET to that statement as there hasn't been enough time go by to suggest anything he has done so far will aid the economy. right now it looks like we are chasing BC down the deficit toilet which can never turn out well

 

[Brad Sallows]

neither. Prices are down because there aren't buyers around who can afford the asking price. You can hang the depressing economy on the liberal party which is what has brought prices down but you can't praise Carney for doing anything right to fix it. I will add YET to that statement as there hasn't been enough time go by to suggest anything he has done so far will aid the economy. right now it looks like we are chasing BC down the deficit toilet which can never turn out well

It is improbable that the turmoil caused by tariffs is having no effect on housing prices. People are nervous, and nervous people postpone spending. It is not obvious that people suddenly can't afford prices; they might instead be reluctant to commit. Number of buyers in a neighbourhood = number of properties + 1: bidding wars. Number of buyers = number of properties - 1: price slump. (The point: large changes in outputs - ie. prices - can result from small changes in inputs - ie. number of buyers.)

 

[brihard]

It is improbable that the turmoil caused by tariffs is having no effect on housing prices. People are nervous, and nervous people postpone spending. It is not obvious that people suddenly can't afford prices; they might instead be reluctant to commit. Number of buyers in a neighbourhood = number of properties + 1: bidding wars. Number of buyers = number of properties - 1: price slump. (The point: large changes in outputs - ie. prices - can result from small changes in inputs - ie. number of buyers.)

Brad’s generally right. I’ll add to that that we have a bad habit of looking at ‘the housing market’ monolithically, but type of residence and location matters a lot and can see different performance. The outright crash of Toronto micro-condos and the tower developments being walked away from does not have the same trajectory or impact as, say, a decent townhome in the suburbs of Ottawa, or a nice detached house in Calgary- save that all might be around the same price point.

And yeah, with the economy in uncertain shape and with the spectre of a broader housing market correction, plus the potential for interest rates to still come down, a lot of people will hold off on buying at the moment.

Most homes are owned and paid for by people with normal employment income (versus, say, Chinese business tycoons looking for a place to offshore wealth), and normal people can only afford so much… There is a cap on how much price normal demand will support and hopefully we’ve seen housing prices generally reach that for now. Housing is still so costly as to be a massive problem for Canada but at least it seems to be taking a breather. Any policy approaches to this tread a razor’s edge… Somehow government needs to keep enough support from current homeowners who could lose a lot of equity, which also finding a way to meet the needs of young adults who don’t see a way into the housing market. We as a country face major social cohesion risks if we don’t figure this out.

 

[IKnowNothing]

Surely it's relevant if the mitigation for one crisis is another crisis?

Not when my post wasn't about attributing credit for mitigating said crisis but pointing out the reality that the masses are easier to agitate against a lightning rod when theyre already agitated.

 

[YZT580]

It is improbable that the turmoil caused by tariffs is having no effect on housing prices. People are nervous, and nervous people postpone spending. It is not obvious that people suddenly can't afford prices; they might instead be reluctant to commit. Number of buyers in a neighbourhood = number of properties + 1: bidding wars. Number of buyers = number of properties - 1: price slump. (The point: large changes in outputs - ie. prices - can result from small changes in inputs - ie. number of buyers.)

never said they weren't but prices started to fall long before Trump and Carney's elections. When interest rates started going up large numbers of people no longer qualified for mortgages so they waited it out and started buying back in when things came down. But the type of home coming on the market played a part in the freeze. Builders were putting up larger homes on smaller lots and fitting them out with fancy kitchens and and bathrooms: quasi-high end stuff. They weren't building for the market as I have said elsewhere but chasing the keeping up with the Jones' cash. A bungalow or 70's vintage split level still sell within a week or two (in this town anyway) and are still priced at less than 700,000 so doable for a couple with two decent incomes and an in-law provided down payment. Two developments that proposed luxury towns and singles that were approved over a year ago are still all dirt and weeds. On the other hand a family friendly condo building is completely sold.

A significant part of the higher costs can be attributed to the town or region. From what I have read, they are raking in upwards of 20% of the value of the building in taxes and fees.

 

[ArmyRick]

I want everyone to try and remember where we are at right now, End August 2025.

Lets see how Canada looks on all fronts in December 2025, May 2026 and possibly December 2026.

If things are a total shitshow, I wonder how many of you Trudeau Carney defenders will stand by the leader, at all cost, never back down, EVER! Come on Carney only been in office for 18 months!

Maybe I will be wrong and PM MC will cough up some damn fine miracles. Wait and see. I also want to hear from any of you chronic Liberal defenders, say HERE and now, you will turn on Carney if he blows it. Do it. I want to see if some of you are actually non-partisan. I said a few post ago, if Pierre blows it, I will volunteer to pack his bags and move him out of Stornaway myself while getting his retirement party ready.

@PPCLI Guy I am not angry, shouting or smashing the keyboard. I am quit calm. Like no one here is worth me getting upset with. Plus I don't want Bruce to come to my farm and beat me with a baseball bat again.

 

[Brad Sallows]

They weren't building for the market as I have said elsewhere but chasing the keeping up with the Jones' cash.

That's still building for the market. The market is a whole bunch of different demands. Not-building-for-the-market is stuff that just doesn't sell.

 

[Altair]

I want everyone to try and remember where we are at right now, End August 2025.

I agree. It's end of August 2025. A little early for angst for most I imagine.

Lets see how Canada looks on all fronts in December 2025, May 2026 and possibly December 2026.

Fair and fairer

If things are a total shitshow, I wonder how many of you Trudeau Carney defenders will stand by the leader, at all cost, never back down, EVER! Come on Carney only been in office for 18 months!

If things are a shit show in 18 months, sure, I would say so. Be that as it may, I still wont ever vote for PP, so don't mistake any potential dislike of future Carney for love of PP. It's not that binary.

Maybe I will be wrong and PM MC will cough up some damn fine miracles. Wait and see. I also want to hear from any of you chronic Liberal defenders, say HERE and now, you will turn on Carney if he blows it. Do it. I want to see if some of you are actually non-partisan. I said a few post ago, if Pierre blows it, I will volunteer to pack his bags and move him out of Stornaway myself while getting his retirement party ready.

Lets see....I think my voting record goes, LPC, BQ, LPC, PPC, PPC, CFP. I think I already qualify as non partisan.

 

[YZT580]

That's still building for the market. The market is a whole bunch of different demands. Not-building-for-the-market is stuff that just doesn't sell.

humbug. If that were the case, there wouldn't be a condo crisis in TO and VR. The market guessed wrong and the Jones's have filed for bankruptcy 'cause they couldn't make the payments. The market they thought was there evaporated with Trudeau's proposed changes to the capital gains act and was accelerated by municipalities clamping down on Air BnBs and short term off the books rentals.

 

[Brad Sallows]

humbug. If that were the case, there wouldn't be a condo crisis in TO and VR. The market guessed wrong and the Jones's have filed for bankruptcy 'cause they couldn't make the payments. The market they thought was there evaporated with Trudeau's proposed changes to the capital gains act and was accelerated by municipalities clamping down on Air BnBs and short term off the books rentals.

So there was a market demand, and governments - as governments can and sometimes do - turned on a dime and the market demand changed. Companies which initiate projects based on the information they have at the time are not responsible for future governments' fat fingers changing the facts. And since governments set much of the framework governing the practical timelines necessary to take projects from inception to completion, companies are essentially at the mercy of governments.

Governmental changes of direction are responsible for a great many fiscal fuck-ups. The power to snap your fingers to command the tides in the manner you desire generate tidal waves of unforeseen consequences must be intoxicating.

 

[Halifax Tar]

@Altair and @ArmyRick your avatars are to similar for my peripheral vision...