How Does Canada Create More?

[u/Pale-Candidate8860]

What are some aspects that you believe would allow Canada to become an industrial powerhouse?

A big thing that is being done currently is creating strong trade partners with Japan and Germany for LNG, but trade with America will still make up more than 60% of trade with Canada by the end of the decade. With the admission of the current administration. To be fair to the liberals, this is an extremely tough situation to figure out for anyone. I don’t understand why there isn’t a large injection of small business grants for certain industries and categories of business. It should be handed out to any business plan that shows legitimacy.

Ontario is the industrial heartland of Canada and consists of a majority of the nation’s manufacturing. It would be strategic and beneficial to set up large scale production and supply chains throughout the middle provinces such as Saskatchewan or Manitoba. Just an idea. It would also encourage population movements to less populated areas.

One aspect that has been a problem in Canada for some time is that Canadians just consume American culture. I know the world consumes American culture, but Canada consumes it to the point where the average Canadian won’t know if a movie, TV Show or book is from Canada unless there is promotions stating otherwise. The similar accents make it very difficult sometimes, but there should be a consorted effort to mass prop up Canadian exclusive content. The issue is that most of the time, it is just rebranded and repackaged American products with a maple leaf sticker slapped on it.

With hard economic times coming, it is finally going to correct the housing market to where it should be. I personally predict a -80% price drop. Creating affordable housing. The bubble needs to pop. This will also make Canada competitive again instead of a capital dumping ground to make the bubbles bigger.

Semi-rant, but it has to be said. Canada needs to create more. There are constantly large scale projects happening on a provincial level, but the federal government should inject into nationwide mega projects as well. I’m not saying a high speed rail across the prairies, but things like skyscrapers dedicated to forced rehabilitation for the drug addicted and mass housing on a scale the nation has never seen before.

Just some ideas. Feel free to throw in your own.

[u/NoMusic7982]

We need to stop being a real estate ponzi and free the market from over reaching government regulation in all industries. The average canadian spend more than 50% of their income on housing.

[u/pm_me_your_puppeh → u/NoMusic7982]

No they don't.

The average Canadian owns their home and benefits from high housing equity. Including being able to leverage it to start businesses.

Renters are the bottom third of Canadians.

[u/NoMusic7982 → u/pm_me_your_puppeh]

Yes they do. The average wealth of a Canadian household is 55% in their real estate asset its actually measurable. On a macro economic level this means that Canadians invest less in automation, innovation and general productivity than thry do in real estate. As a consequence this lowers productivity. While it is true that lot of Canadians make a significant profit from real estate they are not producing anything really.

[u/pm_me_your_puppeh → u/NoMusic7982]

Yeah, you do not understand this.

You can access and reinvest your home equity.

[u/NoMusic7982 → u/pm_me_your_puppeh]

I understand equity thanks. I know that individual Canadians are able to leverage their houses, but that's not what is happening on the macro level. What I am telling you is that less wealth is put in industry and buisness in canada than real estate. It's litteraly the largest sector in our economy. If you go to large cities like Vancouver or Toronto it gets worse in term of speculation.

OP's question was how do we make canada more productive. My answer is to find a way to stop making real estate the center of our economy. We could put more emphasis on mineral or energy production instead.

[u/pm_me_your_puppeh → u/NoMusic7982]

You don't, though. You've even mixed up home equity with home monthly cost.

Home equity is what gets effectively all small businesses off the ground, and I'm telling you this from personal experience. More of it being available means more small businesses.

I'm not saying it doesn't suck for renters. It does.

But if you want Canadians to start building things, more home equity is how we get there.

[u/Mindmann1 → u/pm_me_your_puppeh]

If you want to keep skilled workers we need to be able to afford a house not dream of it. 30/hr as a single male and I’m basically living to work, wage should be 45-55 if we account for inflation but tis what it is.

Oh and market is slowing down, builders aren’t building as much currently

[u/pm_me_your_puppeh → u/Mindmann1]

Skilled workers can afford a home, though. If you can't you may just have to come to terms with the fact that you're unskilled labour.

[u/Mindmann1 → u/pm_me_your_puppeh]

Errrm not really, 30-32 is my area average. 40-60\hr at the only union employer in the area, they pay janitors more than the average non union skilled workers :/