The real solution is to crash the housing market, but that would be political suicide. Instead, we get these half-baked measures of building more housing, lower development costs, more rental stock, etc.
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Here's why I am disappointed by my political choices. The Trudeau Liberals, elected in 2015, enjoyed a prolonged period of negative real rates. It was a Golden Age when the market paid you to borrow, but the Liberals squandered that opportunity and piled on unproductive debt.
Why does Alberta deserve market distorting subsidies? Is that any different from letting the Bloc dictate what the Rest of Canada should do? Philosophically, how is that any different from the NDP push for dental care?
Government capex is already high by historical standards. Can anyone within the Conservative Party explain why it should be higher to invest in market distorting subsidies for Alberta?
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Even if you believe climate change isn't real, pipeline building mostly benefits Alberta, what do Ontario, Quebec, BC, and other provinces get?
Conservatives have allowed that some pipelines may not be economic and need government funding. What happened to the Party's free market credentials?