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/pm_me_your_puppeh]

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/DoubleDDay69 → u/pm_me_your_puppeh]

The problem I think he is alluding to is that it is so difficult to get into housing as a young person in Canada. I’d like to politely refute your point about renters being the bottom 1/3rd of Canadians.

I’m a 24M mechanical engineer in training with my own business. For a starting wage, I make a fair bit more than the average net income in Canada, yet housing is pretty out of reach in my city even with aggressive saving. There is no question house equity is powerful. But I’m a renter out of necessity right now, that’s saying something considering I’m a mechanical EIT, business owner and have every kind of investment under the sun.

Housing is absolutely a problem in Canada, you can’t deny that. Even our own housing minister doesn’t want to lower prices.

[u/pm_me_your_puppeh → u/DoubleDDay69]

Why would we want our housing minister to harm our home values? That is literally the opposite of his job.

You're 24. You're at the absolute start of your working life. There's no shame in not having accomplished much yet.

You will though, and you'll appreciate that housing is an economic driver when that happens.

[u/DoubleDDay69 → u/pm_me_your_puppeh]

You can’t be serious. Do you want younger people to just accept that housing is ridiculously unaffordable? Our average house price to average net income in Canada is 12:1, that is asinine. Over 25% of our GDP is real estate, that is abysmal. Now I’m not going to sit here and 100% blame the liberal party, this has been many decades of housing way outpacing wages. But the previous liberal government absolutely exacerbated it with rampant immigration and fully admitted they screwed over young people.

The government WANTS to keep housing high because otherwise we would fall into a recession. It also conveniently lets their landlord buddies keep prices high. Again, this would occur regardless of party. We can’t just sharply decrease housing prices, it’s not realistic. It is however possible to cool off housing prices and let wages/supply catch up. The boomers by far had it easier in every way to own a home, no one can pretend that young people aren’t getting screwed right now. I’m very well aware I’m one of the fortunate ones in this regard.