Why Housing Prices are High - Trump Train Rolls On
High cost of regulation makes housing in Canada unaffordable
Hardly anyone disagrees that housing prices and rents have been unaffordable in Canada for decades, but there’s agreement about why housing prices have moved out of step with incomes.
A recent report by think-tank C.D. Howe Institute analyzed housing prices and construction costs and concluded that excessive regulatory burden contributes to prices being much higher than the cost of producing new dwellings. The gap should not exist or be small in competitive markets with little or no undue regulatory burdens, but that’s not the case in Canada.
The report estimated that the price of single-family detached housing in Vancouver was $1.3 million more than the cost of producing the same house in a market without excessive regulatory barriers. In Toronto, the gap was $350,000. Stated differently, single-family detached housing prices in Vancouver were 60 per cent higher than the cost to build such homes.
Red tape—not greedy companies—drives Canada’s housing crisis
As Canada begins to emerge from the COVID-19 recession and our cities come back to life, there’s a certain dread lingering in the background for those looking for a place to call home. While it’s nice to see people enjoying life again, it’s clear by now that urban housing markets are tightening again.
Trump Derangement Syndrome Is Real and It Needs to be Studied
The concept of “Trump Derangement Syndrome” may have started as a joke to describe the over-reaction of hatred toward Trump, but after years of people upending good sense and their own principles in order to get at this man, I’m pretty convinced it’s real and that scientists need to study this in the future.
I see it every single day and as we drift closer and closer to the 2024 presidential election, I have a feeling we’re going to see it even more and in big ways.
Trump Leads DeSantis In Our New 2024 Republican Primary Polling Average
Today, FiveThirtyEight is launching our national polling average for the 2024 Republican presidential primary. It shows former President Donald Trump receiving 49.3 percent of the national vote and Florida Gov. Ron DeSantis (who has not officially entered the race) receiving 26.2 percent. Former Vice President Mike Pence, another potential candidate, is at 5.8 percent, while declared candidate and former UN Ambassador Nikki Haley is at 4.3 percent.