Tuesday, April 02, 2024

Where Are You Getting the Money, Justin?

We're not generating it, we can't borrow it, printing it would be a bad idea and - as the carbon tax bears witness - you can't squeeze blood out of a stone to bribe flailing voters or to go on Jamaican vacations:

Prime Minister Justin Trudeau has announced a new $6 billion investment in housing infrastructure as part of the upcoming federal budget.

Mr. Trudeau announced the measures in Dartmouth, N.S., on April 2, saying his government intends to create a Canada Housing Infrastructure Fund, which will allocate $1 billion dollars to municipalities for urgent infrastructure needs and a further $5 billion for longer-term projects.

“Building more homes faster — this is how we‘ll address the shortage of housing options for Canadians, and this is how we’ll make it fairer for younger generations who feel like they’re falling behind because housing costs are too high,” Mr. Trudeau said.

The infrastructure fund aims to “accelerate the construction and upgrading of critical housing infrastructure,” said a government news release. “This includes water, wastewater, stormwater, and solid waste infrastructure to support the construction of more homes.”

Among the longer-term projects funded will be a push for municipalities to allow for the construction of more duplexes, triplexes and other homes the release referred to as “missing middle” homes that it says are both more dense and more affordable for buyers and renters. Provinces and territories must also commit to building such homes in order to access the funding along with agreeing to other key points.

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The Liberal seduction campaign targeting millennials and young parents continued Monday, with Justin Trudeau pledging to create a $1-billion, five-year national school lunch program in time for September.

 

Parents would normally feed their own kids, but, you know - Justin is starving them, too. 

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In order to get a bank loan for a house, one needs to prove that one can make the payments.

Getting a good word for paying one's rent is like getting a gold sticker for doing well on a spelling quiz.

If you cannot afford to rent or buy, who cares that you did some adulting when paying your share of the rent with three other people?:

Equifax President and CEO Sue Hutchison said it doesn’t make sense that paying a monthly mortgage of $2,500 can enhance your score, yet renting a home for the same amount does not contribute.

“It’s a little bit illogical that it’s not included, because it’s certainly a major part of shelter expenses in this country,” she told Global News.

 


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