On 16 December 2021, mandate letters for Canada’s federal ministers were made public. The letter for Canada’s Minister of Housing and Diversity and Inclusion contains an important set of marching orders. I break it down in this ‘top 10’ blog post: https://nickfalvo.ca/the-minister-of-housings-mandate-letter/
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The Progressive Economics Forum: Liberal party’s housing platform
With a federal election taking place in Canada in fewer than three weeks, I’ve written a 950-word overview of the Liberal Party’s housing platform. It’s available here: https://nickfalvo.ca/ten-things-to-know-about-the-liberal-partys-housing-platform/
Continue readingThe Progressive Economics Forum: the federal Conservatives’ housing platform
With a federal election taking place in Canada on September 20, I’ve written an 800-word overview of the Conservatives’ housing platform. It’s available here: https://nickfalvo.ca/ten-things-to-know-about-the-federal-conservatives-housing-platform
Continue readingThe Progressive Economics Forum: the federal NDP’s housing platform
With a federal election taking place in Canada on September 20, the NDP has released its platform, which includes important housing-related measures. I’ve written a ‘top 10’ overview of the housing components of the platform. My overview is available here: https://nickfalvo.ca/ten-things-to-know-about-the-federal-ndps-housing-platform/.
Continue readingThe Progressive Economics Forum: Trudeau’s proposed speculation tax
I’ve written a blog post about the Trudeau Liberals’ recently-proposed speculation tax on residential real estate owned by non-resident, non-Canadians. The full blog post can be accessed here.
Continue readingThe Political Road Map: Housing Market…Hot, Hot, Hot Update!
Yesterday, Mayor John Tory(Toronto) met with both Charles Sousa(Provincial) and Bill Morneau(Federal), in an emergency meeting over the unsustainable hot real estate market currently in the GTA. The Three Amigo’s to save the day? While no new promises were made, the respective members of all three levels of government came
Continue readingThe Political Road Map: Housing Market…Hot, Hot, Hot!
This morning Mayor John Tory was interviewed by CBC regarding the current state of Toronto’s housing market. When asked what he could do as the Mayor in order to assist many Toronto natives, who are facing the reality of leaving the city in order to pursue home ownership, Mayor John
Continue readingPolitical Eh-conomy: A Canadian housing bubble? Evidence from capital inflows
Warning: A wonky, but thankfully short, post follows. Yesterday, the Naked Capitalism blog reposted some recent research by OECD economist Eduardo Olaberria that looks at the effect of capital inflows on bubbles in assets, particularly housing. With so many other signs of a housing bubble forming in Canada, I decided
Continue readingThe Progressive Economics Forum: Carbon bubbles and fossil fuel divestment
Divestment from fossil fuels is an idea whose time has come. Sparked by Bill McKibben’s Rolling Stone article last summer, “Global Warming’s Terrifying New Math”, divestment campaigns are now up and running on over 300 university campuses in the US, with 4 early victories already notched. Students in Canada have declared tomorrow (March 27) Fossil
Continue readingThe Progressive Economics Forum: Glass-House Mortgages
A letter appears in today’s Globe and Mail in response to recent direction given by Minister Flaherty to private mortgage lenders over mortgage rates. The letter was written by Steve Pomeroy, one of Canada’s leading housing policy experts. Here is the full text of the letter: – Glass-house mortgages Twice
Continue readingThe Progressive Economics Forum: US family net worth crushed by financial crisis
The US Federal Reserve today released its triennial examination of incomes and net worth of American households in the Survey of Consumer Finances. It shows the crushing effects on net worth of a housing and financial bust unparalleled since the great depression. The shocking results of this study overviewed in
Continue readingWorld Headlines Review: Debt Ceiling Debate is Moot: USG Owes More Dollars than in Existence
Image by Images_of_Money The current debate in Washington as to whether or not and under what conditions to raise the debt-ceiling has for the past week dominated global news coverage and the public mind. Absent from the debate and mainstream coverage is a discussion of the debt limit in the
Continue readingWorld Headlines Review: Bangladesh: Dabbling in Dhaka Stock Markets
A classic stock market boom-bust cycle is underway in Bangladesh, inciting riots after the closure of the country’s main markets in Dhaka and Chittagong this week. The picture painted by the charts and reports from Bangladesh make for an abject lesson in how markets fluctuate and are driven by salesmanship
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