Surging construction costs in Canada are putting new pressure on home prices, worsening a severe affordability crunch, says RBC. Read more
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We are living during times of excess prosperity but somehow we can’t afford to provide needed services to the population… where is all the money going?
Asking for a friend.
Up into space and down to the bottom of the ocean apparently.
That’s just the trickle down. Check the pockets and bank accounts, panama papers…
Wealth has been concentrating at the top for the past few decades now in ways the modern world has never seen before.
This is US-centric, but Canada hasn’t been much better. https://www.pewresearch.org/social-trends/2020/01/09/trends-in-income-and-wealth-inequality/
Canada is ripe for the picking, we let our telecoms walk all over us.
I wonder how much of our “economy doing great” is just businesses generating GDP from crap like this…
That’s a fundamental problem with just relying on GDP. It measures economic activity, not the people’s prosperity.