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Jake Silverman

πŸ‘€ Speaker
196 total appearances
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Appearances Over Time

Podcast Appearances

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

But if they're buying them at a deep discount and they're well invested,

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

It would be less of a bailout.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

It would just be more of like, I disagree with it because I just don't like the government involved.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

There are a lot of people who think that governments should be social housing providers.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

And you see successful models all over the world.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

And Canada doesn't really do a ton of that.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

I don't really think that they should or need to because we have myriad examples in Canada where it has failed.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

Like Toronto Community Housing is an exceptional example.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

But that would be my problem with it, less it being a bailout if they're buying it at a deep discount.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

So I think it remains to be seen, right?

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

We don't know enough details of the actual purchase yet.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

Nobody wants to sell anything.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

I think like, I mean, if we let's look at Ontario.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

Okay.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

So Ontario, uh, did this two or three months ago.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

So, and there's layers to it.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

So let's, let's give it credit where it's due on certain components.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

Okay.

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

So, uh, in Ontario, they reduced, uh, federal, uh, GST and provincial HST on the, uh,

The Loonie Hour
Are Canadian Tax Payers Bailing Out Developers?

Sale of new homes.