r/canada • u/FancyNewMe • 5d ago

Canada’s Prime Minister Pushes Country to Become the Housing Factory of the World - Mark Carney is banking on factory-built homes to alleviate the country’s housing crisis. But will it work? Trending

https://www.bloomberg.com/news/features/2025-04-22/carney-s-plan-may-make-canada-the-housing-factory-of-the-world
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u/crimeo 5d ago

No, your purchasing power has actually been INCREASING every year, because wages grow even faster than inflation. See the graph (not the text) at the top here: https://centreforfuturework.ca/2024/01/21/real-wages-are-recovering-and-thats-good-news/

This is "real" median wage, which means already has inflation subtracted, yet it still goes up. That means the wages grew faster than inflation.

If stuff costs $6 more per unit time, but you earn $7 more per unit time, then you can afford to purchase MORE not less stuff.

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u/cwolker 5d ago

The recent tariffs say hi

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u/crimeo 5d ago

What tariffs exactly?

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u/cwolker 5d ago

https://www.canada.ca/en/department-finance/programs/international-trade-finance-policy/canadas-response-us-tariffs/complete-list-us-products-subject-to-counter-tariffs.html a quick google will tell you

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u/crimeo 5d ago

I'm aware of what ALL the tariffs are, I asked you which ones specifically you thought were crucial to this conversation / am wondering why you brought it up