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Poilievre’s unspoken words say everything
(rabble.ca)
It's amazing how much money is made every year in real estate and how much the average Canadian is willing to draw from for affordability.
Few of us realize the extent of profit involved in the rising prices, and that’s the last thing Poilievre wants to talk about. Economist Jim Stanford notes that the real estate sector took after-tax net profit of $55.8 billion in 2022 – up 65 per cent from 2019. It remains at a historically high $48.5 billion in 2023. On top of that, construction profits are almost 50 per cent higher than pre-pandemic levels, totalling $31.2 billion in 2023. The amounts are simply staggering.
