As much as rent control could benefit some existing renters, in the long run it reduces the incentive to build new rental housing
By Steve Lafleur and Josef Filipowicz The Fraser Institute The Ontario government introduced a raft of measures this summer aimed at reining in the price of buying or renting a home in the Greater Toronto Area (GTA). The goal is laudable and the approach may create some temporary reprieve – but the long-term consequences could be…
Focus instead on reducing the time it takes to obtain a building permit and the per-unit costs to comply with regulations, which amounts to almost $50,000
By Josef Filipowicz and Steve Lafleur The Fraser Institute Rather than targeting a small group of foreign home buyers to stop pricing escalation, the Ontario government should focus on ensuring that regulations don’t prevent the supply of new housing from meeting demand. According to a recent announcement from Ontario government, 4.7 per cent of properties…
The burden foisted on future generations of Albertans is staggering. By 2019-20, Alberta’s net government debt is expected to reach $45.2 billion
By Ben Eisen and Steve Lafleur The Fraser Institute Big debt accumulation is becoming the new normal in Alberta – a province that could once boast of being debt free. It’s a significant problem that apparently will get worse before it gets better. The Alberta government recently published its annual report on the state of…
What would Canada’s economy and public finances look like without Alberta? It wouldn't be pretty
By Ben Eisen and Steve Lafleur The Fraser Institute During his Canada Day speech, Prime Minister Justin Trudeau accidentally caused a stir by forgetting to mention Alberta when listing all of Canada’s provinces and territories. It was surely an oversight rather than intentional and the prime minister immediately apologized. Nevertheless, his slip provokes an interesting…
If housing affordability for average British Columbians is the goal, local and provincial governments should reduce barriers to development
By Josef Filipowicz and Steve Lafleur The Fraser Institute In the wake of last month’s election in British Columbia, the NDP and Green Party appear poised to form the next government in Victoria. And yet, in their 10-page agreement, they make only brief mention of one of this province’s hottest issues: housing affordability. The agreement…
Rather than raise the spectre of massive disruptions to public services, Ceci should look to Saskatchewan for an example of productive spending discipline
By Steve Lafleur and Ben Eisen The Fraser Institute Standard & Poor’s recently announced it was once again downgrading Alberta’s credit rating – this time, by two notches, from AA to A+. No surprise, given that ratings agencies warned this could happen after the latest provincial budget was unveiled in March. And yet, rather than addressing the long-term…
The silver lining for Albertans is that until last year it was the only province with no net debt. But that’s changing quickly and the burden falls on taxpayers
By Ben Eisen and Steve Lafleur The Fraser Institute Over the past decade, Ontario emerged as the poster child for poor fiscal management in Canada, due largely to the province’s deep run of deficits. However, thanks to a decade of rapid spending growth and painful decline in oil prices, Alberta’s run of deficits is even…
More money to spend on housing could push prices higher if not accompanied by an increase in the housing supply
An Australian real estate developer recently stoked fury on social media by claiming that millennials might be able to afford to buy homes in Australia’s biggest cities if they cut out excesses such as “fancy toast.” Canadian commentators were quick to note that you’d have to forego a lot of avocado toast to scrape together…
To take pressure off the cost of living in Vancouver, the city should build more housing units on its limited geographic footprint
By Steve Lafleur and Josef Filipowicz The Fraser Institute Housing prices in Vancouver have caused a frenzy, as analysts, pundits and activists wrestle with how to improve affordability. The discussion has fixated on foreign buyers, speculators and empty houses. Regardless of the policies implemented to address these factors, trying to increase affordability by sniffing out…
Approach reminiscent of the failed deficit-reduction strategies of Alberta governments throughout the 1970s and 1980s
By Ben Eisen Steve Lafleur and Jason Clemens The Fraser Institute The Alberta government will run another budget deficit this year – the ninth deficit in 10 years – and it’s important to recognize that the province has been here before. After running steep deficits for much of the mid-1980s to the early 1990s, the…
By Steve Lafleur and Josef Filipowicz The Fraser Institute The Ontario government introduced a raft of measures this summer aimed at reining in the price of buying or renting a home in the Greater Toronto Area (GTA). The goal is laudable and the approach may create some temporary reprieve – but the long-term consequences could be…
