In the third quarter of 2023, the wealthiest 20 per cent of Canadians with an average net worth of $3.3 million accounted for 67.4 per cent of the total net wealth across the country. In comparison, the bottom 40 per cent of Canadians had an average net worth of $67,738 and made up just 2.8 per cent of Canada’s total net wealth. The poorest 20 per cent of Canadians had a 0.2 per cent negative share of net wealth, meaning their total assets were outweighed by debt and liabilities.
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Canada's Real Estate Bubble Is Batshit Crazy
The United States had a real estate bubble that shattered the global financial system. Since 2005, US home prices climbed a whopping 88.1% as of the latest quarter. That’s less than half of the 206.8% gain Canada saw, despite being the second largest country in the world, with a GDP equivalent to only Greater New York City.
Canada’s gap when compared to other G7 countries is even more epic. After the US, home prices showed the most substantial growth since 2005 in the UK (+83.7% since 2005), Germany (+74.8%), and France (+53.7%). More modest gains have been observed in Japan (+5.0%) and Italy (+0.3%). The latter two countries saw their 90s home prices grow almost as fast as Canada today, before never returning to that indexed high.
The answer to insanely high housing valuations, out-of-control inflation, and a broken healthcare system (to name a few problems) is to unleash waves upon waves, millions upon millions, of third-world immigrants into our country.
That's always been the answer because diversity makes us stronger. As you can tell from the strength of our collapsing housing market, food prices, and broken healthcare system.
Federal Court Rules Trudeau's Response To Truckers Was Illegal
In a stunning turn of events, the Federal Court has delivered a significant blow to Canadian Prime Minister Justin Trudeau’s government by deeming the use of the Emergencies Act during the Freedom Convoy protests as unconstitutional. This ruling comes after two years of the Trudeau regime and media labeling the truckers as illegal, only to face a resounding judgment from the court.
Just remember that the only politician that came down and spoke with any of the protesters was none other that Maxime Benrier.
Little PP made an appearance when everything was pretty much over, but Maxime was there with the protesters from DAY 1.
Everyone else is a fraud.
Financial Bootcamp will solve my questions.
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