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The cost of maintaining Trudeau's proposed 100,000 new hires is significant. As of 2023, Canada’s federal public service employs nearly 360,000 individuals. Over the next 20 years, sustaining this workforce will cost taxpayers close to $1 trillion. This immense figure emphasizes the unsustainable nature of the federal bureaucracy and highlights the pressing need for reform.

These are tough times for Canadians with rising costs of living. Housing prices are soaring, with 2-bedroom apartments in big cities averaging $3,000 a month. Families are struggling with increased mortgage payments and grocery bills. Justin Trudeau has been neglecting these issues, favoring corporations over working people. Our efforts led to $1 billion for affordable housing and indigenous communities, as well as a framework for single-payer pharmacare. With just 25 NDP MPs, millions will benefit from free birth control, diabetes medication, and medical devices. Imagine the possibilities with a federal NDP government.

Since the COVID-19 pandemic, Canada's housing market has faced significant challenges. Low interest rates led to a surge in borrowing and a 50% increase in house prices between 2020 and 2022. As interest rates rose to combat inflation, variable-rate mortgage holders, about a third of Canadians, saw immediate payment increases. Banks extended mortgage amortization lengths, leading to some mortgages stretching 70-90 years. High prices and interest rates have made homeownership unaffordable for many, with only 10% of Canadians able to afford a home currently. Homeownership rates are falling, exacerbated by a growing housing shortage. Increased immigration, around 1,000,000 people per year, strains the economy, healthcare system, and housing supply. Canada builds approximately 200,000 new homes annually, far short of the required 5,800,000 in the next seven years. Soaring apartment rents and rising homelessness are consequences. There is a lack of political will to address the issue due to financial constraints and fear of alienating homeowners. Despite public concern, immigration levels remain high. The situation is expected to worsen, with potential consequences including preventable deaths and increased homelessness.

Speaker 0 describes refinancing their mortgage today after rates dropped, saving about $300 a month. They present an amortization schedule to discuss why they believe home buying in America is a scam and why this will be their last house in the country. Key details: - Mortgage is a standard 30-year loan, a VA loan with no down payment and no private mortgage insurance. - They didn’t put anything down and went from owing $784,000 to $795,000. - Original interest rate was 6.2%, now 5.6%. - They plan to sell the house when the husband retires in four years, expecting to exit the U.S. - By 2030 they expect to owe just under $750,000, meaning they will have paid off about $50,000 in four years. - Despite a $50k principal reduction, the monthly payment is $5,700. With 50 payments, that totals about $285,000. - The amortization schedule shows financing $795,000, and if the 5.6% rate continued for thirty years, total payments would be about $1,600,000. - The speaker claims the biggest scam is the interest charged in the first year. They reference past videos about it and acknowledge responsibility for their situation. - Closing costs were $7,000, including $3,500 in upfront interest. - Principal and interest are $4,500; taxes add about $1,000, bringing the monthly total to about $5,700. - The first payment is $1,101; of that, $4,500 is the principal and interest amount, with $3,700 of that going to interest. - After the first payment, only about $849 goes to the principal; every month after that, only about $4 goes toward principal. - Over the next twelve months, they expect roughly $54,000 in principal and interest payments, not including taxes, yet the amortization schedule shows they won’t have paid down the mortgage by more than about $10,000 in that year. - Before refinancing, they owed around $784,000; twelve months from the refinance, they expect to owe about the same amount as the day before refinancing. - They argue refinancing is a scam because even if they save money, “the math” suggests they won’t recoup it; they also plan to cash out the escrow from the previous mortgage and expect to receive about $14,000, framed as a positive in “girl math,” but they feel they are actually spending more money with the bank. - Since they intend to sell in four years, refinancing again with a lower rate wouldn’t be recouped because most first-year payments go to interest. - They hope to reduce the mortgage by about $50,000 (to around $747,000) and sell for perhaps $850,000, though this does not account for realtor fees and other costs. They express uncertainty about ending up with cash, suggesting they might leave the U.S. with about $50,000. - The speaker concludes that home buying in the United States is an absolute scam and laments that the only other options are renting from someone paying a mortgage to the same bank or homelessness.

Canada's housing market worsened post-COVID-19 due to lowered interest rates and soaring house prices. Unlike the US, Canadian mortgages typically last five years and are then renewed at the current interest rate, impacting homeowners. Banks extended mortgage amortization lengths to lower monthly payments, leading to some Canadians facing 70-90 year mortgages. High prices and interest rates mean only 10% of Canadians can afford a home, causing homeownership rates to fall. Simultaneously, Canada's population grows by 1,000,000 per year due to increased immigration, straining the economy, healthcare, and housing supply. The economy is in a per capita recession, and the healthcare system is overwhelmed. Canada builds approximately 200,000 new homes annually, far short of the required 5,800,000 in seven years. Immigration policies favor skilled labor, not construction workers. Rents are soaring, leading to increased homelessness. No political party has a viable plan to increase housing supply due to financial constraints and fear of alienating homeowners. Lowering immigration is also off the table due to political sensitivities.

Canadians face high costs for basics like food and housing, yet politicians give themselves raises annually despite not necessarily earning it. The focus on carbon tax debates in the House of Commons seems misplaced when politicians are increasing their own salaries. The opposition leader, Pierre Poliev, and MPs receive hefty salaries and benefits funded by taxpayers. This self-serving behavior is criticized as selfish and unnecessary. Translation (if needed): Despite the high cost of living for Canadians, politicians continue to give themselves raises, which is seen as selfish and unjustified.

Employers incur significant costs, including matching CPP and EI contributions totaling $539 million annually. Operational expenses, such as office space and equipment, add another $720 million per year. Additionally, each employee is eligible for lifetime pension benefits averaging $32,800 after 20 years, which, when indexed for inflation, can exceed $61 billion over 15 years of retirement. Altogether, these expenses result in a taxpayer burden exceeding $250 billion over 20 years.

In 1961, the average Canadian family spent 34% of income on taxes and 57% on housing, food, and clothing. In 2023, taxes rose to 43%, with 36% going towards basic necessities.

The average income in my district is $55,000, while congress members earn $174,000. In some areas, the average salary is as low as $32,000, and if I complained about my salary, I'd face backlash. Maintaining two residences and managing expenses in Washington is challenging, as these costs come out of our pockets without reimbursement, and we can't deduct them. Many congress members even sleep in their offices due to high living costs. We need to consider who can afford to serve in Congress. It's crucial to ensure that the House remains representative of all Americans, not just the wealthy. Therefore, there should be adjustments for inflation and the cost of living to support a diverse group of elected officials.

During my presidency, mortgage rates reached an all-time low of 2.6%. However, currently, it is difficult to obtain loans as banks are reluctant to lend money. With a $2,000 monthly mortgage payment, you can only afford a house valued at less than $295,000. In contrast, under the Trump administration, the same payment would have allowed you to purchase a house worth $460,000 today.

According to a new report by the US House Committee on Homeland Security majority, the annual cost for housing and caring for asylum seekers is estimated to be $451 billion. This includes expenses for both their accommodation and general welfare.

Migrants in Brunswick, Maine, are housed in furnished apartments with utilities paid for up to two years. These units, originally intended for Maine residents, are free for migrants while a one-bedroom apartment for residents costs around $1800 and a two-bedroom costs approximately $2300. The average house price in Brunswick is $480,000. This situation has caused outrage given the ongoing housing crisis for American citizens. Brunswick is in the same county that received nearly $1 billion in FEMA funding for sheltering illegal immigrants in 2023-2024, funds now reportedly depleted. We've also spoken with those in Bangor and Lewiston, and Catholic Charities expects to house up to 150 more refugees by September 30th. This highlights the impact of the open border crisis, extending even to unexpected areas of the U.S.

A migrant family of four in New York receives significant benefits, including over $20 a month in freebies, $500 a night for hotel stays, $130 a day for food, and just $5 a month for their two kids in public school. This doesn’t include additional perks like $1,000 cash gift cards from Mayor Adams, free healthcare, free phones, free legal assistance, and $400,000 in college tuition for dreamers. In contrast, working taxpayers in New York struggle to afford housing, paying around $1,000 for small living spaces. The speaker highlights their own 80 square foot apartment, which costs $1,754.

According to a report by the US House Committee on Homeland Security Majority, the annual cost for housing and caring for asylum seekers is $451 billion. This includes both their accommodation and general welfare.

Canada's housing market worsened post-COVID-19 due to lowered interest rates and soaring house prices, followed by raised interest rates. Unlike the US, Canadian mortgages typically renew every five years, exposing homeowners to fluctuating interest rates. Many chose variable rates during the pandemic, and now face increased costs. Banks extended mortgage amortization lengths to 70-90 years to lower monthly payments. High prices and rates make homeownership unattainable for many, with only 10% of Canadians able to afford a home currently. Homeownership rates are falling. Simultaneously, Canada's population grows by 1,000,000 per year due to increased immigration, straining the economy, healthcare, and housing supply. The economy is in a per capita recession. Foreign medical credentials aren't recognized, exacerbating healthcare worker shortages. Construction can't keep pace with demand, needing 5,800,000 new homes in seven years but only building 2,000,000. High-skilled immigration doesn't address the construction labor shortage. Rents are soaring, leading to increased homelessness. No political party has a viable plan to increase housing supply or cut immigration, fearing backlash from homeowners or accusations of racism.

In Canada, the inflation rate has reached a point where active members of the Canadian Armed Forces are struggling to afford the cost of living. Some of these members have even resorted to seeking help from others. The housing crisis is also severe, with three veterans having to live in their cars because they cannot afford suitable housing in the areas they have been posted to. Despite these challenges, these individuals continue to put on their uniforms and go to work for the Canadian Armed Forces.

Housing prices and interest rates have doubled, making homes unaffordable due to large companies like BlackRock buying up properties. Nearly 30% of new home purchases are by investors, not individuals. This shift from ownership to renting erodes community ties and turns citizens into subjects. Homeownership fosters community involvement and care for neighbors, police, firefighters, and teachers.

During the COVID-19 pandemic, Canada's housing market was heavily impacted. The Bank of Canada lowered interest rates, leading to increased borrowing for home purchases. However, when inflation hit, interest rates were raised, causing mortgage costs to rise. Variable rate mortgages became more expensive, affecting a third of Canadian homeowners, while fixed rate mortgages also faced higher interest rates upon renewal. To avoid a housing bust, banks extended the length of mortgages, resulting in some Canadians having mortgages that will take 70-90 years to pay off. The combination of high housing prices and interest rates has made it nearly impossible for first-time buyers to enter the market. Canada's population growth, driven by immigration, has strained the economy, healthcare system, and housing supply. The country's political parties lack plans to address the housing crisis, and the situation is expected to worsen before action is taken.

In 1930, during the Great Depression, the average home was $39100, a car was $600, rent was $18 a month, and salary was $1300 a year. Today, the average home is $436,000, a car is $48, rent is $2,000 a month, and salary is $56,000 a year. Back then, a home was 3 times the salary, a car was 46% of the salary, and rent was 16% of the salary. Now, a home is 8 times the salary, a car is 85% of the salary, and rent is 42% of the salary. Translation: Comparing the Great Depression era to today, the cost of homes, cars, rent, and salaries has significantly increased, making housing, transportation, and living expenses a larger percentage of the average American's income.

During the Great Depression, the average home in America cost $39,100, the average car was $600, and the average monthly rent was $18. The average salary for the year was $1,300. Today, the average home costs $436,000, the average car is $48, and the average rent is $2,000 per month. The average American earns $56,000 annually. Comparing the two periods, the average home price has increased from 3 times the average salary to 8 times, while the car price has risen from 46% to 85% of the salary. Additionally, rent has gone up from 16% to 42% of the average salary.

Canada's housing market worsened post-COVID-19 due to lowered interest rates and soaring house prices. Unlike the US, Canadian mortgages typically have five-year terms, leading to frequent renewals at new rates. Many opted for variable rates during the pandemic, and when the Bank of Canada raised rates, a third of mortgages became more expensive. Banks extended mortgage amortization lengths to avoid a housing bust, resulting in some Canadians facing 70-90 year mortgages. High prices and interest rates have made homeownership unattainable for many, with only 10% of Canadians able to afford a home currently. Homeownership rates are falling, exacerbated by a growing housing shortage. Increased immigration, reaching one million new residents per year, strains the economy and healthcare system. The economy is in a per capita recession, and the healthcare system is overwhelmed. Canada builds approximately 200,000 new homes annually, far short of the required 5.8 million in seven years. Immigration policies favor skilled labor, not construction workers. Rents are soaring, leading to increased homelessness. There is a lack of political will to address the issue due to financial constraints and fear of alienating homeowners. Lowering immigration is also politically unpopular.

During the Great Depression, houses were three times the average salary, while cars accounted for 46% of yearly income. Rent only consumed 16% of the annual salary. Today, however, houses are eight times the average salary, cars make up 85% of yearly income, and rent takes up 42% of the annual salary.

According to a new report by the US House Committee on Homeland Security majority, the annual cost for housing and caring for asylum seekers is estimated to be $451 billion. This includes expenses for both their accommodation and general welfare.

A migrant family of four in New York could receive over $20,000 a month in free benefits. This includes $500 a night at a hotel, $130 a day for food, and $5 a month for two children in public school. This calculation excludes Mayor Adams' $1,000 cash gift cards, free healthcare at the ER, free phones, free lawyers, and $400,000 in free college tuition per dreamer. Meanwhile, taxpayers with jobs in New York pay $1,000 to live in a closet, such as an 80-square-foot apartment costing $1,754 per month. The apartment is described as being five steps long.

According to a new report by the US House Committee on Homeland Security majority, the annual cost for housing and caring for asylum seekers is estimated to be $451 billion. This includes expenses for both their accommodation and general welfare.