@CCPA
's 2023 rental wage report is out.
Tonnes of new data. And some old conclusions.
Landlords are bleeding workers dry, while provinces refuse to act on rent controls, and the feds design a plan to plan about tenant rights.
#cndpoli
#canpoli
Ontario has cut 5,000 classroom positions since 2018. Yes, cell phones are a distraction. The real problem is the underfunding of public schools.
#onted
#onpoli
.
How many positions has your school board lost? See the board-by-board breakdown below.
This capital gain debate is another distraction. The richest 20% owns 68% of Canada's wealth; the bottom 40% owns 3% (StatCan, Daily, 24-04-17). To change the distribution, we ought to heavily tax land rent - starting with capital gains on principal residences
#canpoli
Here’s a textbook example of attempts to kill the rent control debate. It’s very instructive as these are tired but common talking points. (Thread 1/9).
#onpoli
#canpoli
There Is No Housing Crisis. Supply alone will not solve a problem that large sections of the population don’t want to fix - excerpt of my new book, The Tenant Class
@thewalrus
Ontario's budget speaks of parent payouts in the present tense, suggesting they're here to stay. Payouts cost $365 million (each round), and would go much further if invested in schools.
#onpoli
#onted
We continue the occupation of the office at 1440 Lawrence Avenue West. The owner of the building Aziz Manji gave his word to the tenant over the phone. Now they are calling the police.
This is the brutal reality that tenants have to live through in Toronto today.
Landlord illegally evicted a tenant with disabilities to rent the unit on Airbnb, then organized a homelessness fundraiser.
Let’s not fake surprise.
It's normal to profit from housing while paying lip service to housing affordability.
Full article:
@fordnation
is All Talk And No Action: he briefs the public every day; other premiers, they're busy at work, finding ways to improve health care. Health spending has gone up 2 to 3 times more in other provinces
#onpoli
#onted
Analysis by
@SheilaBlockTO
:
#onted
(interim) analysis: Of the $2.3b increase, at least $1b is child care; $365m likely another round of cash payouts; $51 m for listed (temporary) programs. ≈$880m left equals a 2.7% increase in a 6% inflation year. Boards could be looking at nearly $1bi in real cuts
#onpoli
With the fiscal update, the federal government reiterated its unshakable support for private housing markets.
Advocates can continue to plead for a little more funding for public and non-market housing - or go on the offensive.
My latest for
@IRPP
“Ontario’s university funding model is simply less funding, year after year.”
@CCPA_Ont
’s new, detailed analysis on how Ontario has aggressively and consistently cut university funding - more than any other province.
#onted
,
#onpoli
#CdnPSE
We are proud to announce the shortlists for this year's Jack Layton Progress Prize and Charles Taylor Prize for Excellence in Policy Research.
Winners will be announced at the 2024 Progress Summit, taking place April 10 - 12 in Ottawa.
Learn more at
@CCPA_Ont
calculated the number of teachers each Ontario school board will lose as a result of larger class sizes and mandatory e-learning. Check out this interactive map.
#onted
#RedForEd
#NoCutsToEducation
Child poverty rates dropped in 2020 - showing income supports work – but the fed gov cancelled those supports, amid high inflation. In
#onpoli
, social assistance keeps families in deep poverty. In this rich country of ours, poverty is a political choice.
REITs win. "The government of Justin Trudeau pulled back on a threat to hit some real estate investment trusts in Canada with a new tax regime after opposition from the industry."
#canpoli
#cdnecon
1. CMHC study: When empirical analyses show null results, Rent Control Guardians recur to neoclassical theory - where demand and supply rules apply to house/land the same as to bananas, and price controls of any kind are always bad. This is a claim
not an empirical argument. 2/9
@LukewSavage
As a Marxian sociologist, Fernando Henrique Cardoso helped develop Dependency Theory. Years later, as Brazilian president, he oversaw the rollout of neoliberal policies.
I talked to
@jackermann
about my new book, The Tenant Class.
The "housing crisis" isn’t really a crisis, but the market working exactly as intended. The eternal search for "win-win" solutions is indeed a distraction. Let's talk power.
#canpoli
Many have argued against the oversimplification of supply and demand dynamics in housing and land markets. My favourite scholar on this topic is
@jryancollins
. 3/9
This sort of attack against people who dare to propose a discussion on rent control is very common. Elsewhere, I have called it rent control bullying. We can’t let it kill the debate. 8/9
2. IJPH study: The article clearly distinguishes btw rent freezes and 2nd-gen controls (which is what we have). The regression analysis for 2nd-gen show no negative impact. (See Table 2). Rent Control Guardians ignore this distinction - every time! 4/9
En 2024-25, l’Ontario aura 5 mille enseignants de moins qu'en 2018-19. Oui, les téléphones portables sont une source de distraction. Mais le vrai problème est le sous-financement des écoles. (Pertes par conseil scolaire ci-dessous. ).
#onfr
#onted
#onpoli
3. U.S economists letter: if everything else fails, Rent Control Guardians recur to ad-hominem
arguments (personal attacks). The most cliche one - and the one used here - is that the other side of the debate is not “economist enough.”
7/9
Rec
#5
: Give early childhood educators a pay increase ($110 million)
Rec
#6
: Deploy mental health and well-being teams in all schools ($740 million)
Rec
#7
: Eliminate mandatory e-learning (no cost)
4. Cherry-picking case studies: After dismissing large N analysis showing a nuanced story about rent control (types of controls, specific periods, etc), Rent Control Guardians will tell us the story of San Francisco, or some other place somewhere that fits their argument. 6/9
Le financement des écoles a chuté de 1 200 $ par élève, ajusté à l’inflation, depuis l’arrivée au pouvoir du gouvernement Ford.
#onted
#onpoli
#onfr
#ontedu
By the way, I corresponded with the study’s authors regarding their conclusion about 2nd-gen controls (aka the piece that matters for current Canadian debates). 5/9
My take on the specifics of
#CityOfTo
’s proposed tax on foreign home buyers. Broader point: measures to stop speculation shouldn't be seen as revenue-generating. An effective measure would see revenue trending to $0.
#onpoli
@leilanifarha
@ryanjbell
Vickie Been et al.' article "Supply Skepticism" in Housing Policy Debate (2019) has an insightful analysis of the limitations of the filtering down argument (w/ tks to
@1alexhemingway
for pointing me to this study).
#onted
: Sur les 2,3Md$ d’augmentation, au moins 1Md$ est consacré à les garderies; 365M$ seront probablement versés directement aux parents ; 51M$ consacrés à des programmes temporaires. 880M$ restants = augmentation de 2,7 % dans une année où l’inflation = 6 %.
#onpoli
#onfr
@squashhawley
In an adjudicatory system, if one of the sides invariably pushes for faster rather than fairer decisions, it must be very confident about its odds.
@dylan_reid
@dgrdon
@readBTLbooks
Interesting piece, Dylan. Intergenerational transfer of wealth through housing assets, and the inequality it entrenches, especially in a country with no inheritance tax, is problematic and seldom discussed.
@munakadri
Hey Muna, $2.3b is an increase vis-a-vis 2022-23; so, we need to look at the year-over-year increase in fed $$$. In this source of yours, it is 0.4m; a more recent FAO report puts it at $830m. Plus, the Ont gov has $213 for a kind of accelator.
@beheshtialex
@thewalrus
The argument is not against the discipline of economics; it’s about the political manipulation of an economic postulate. But you’re welcome to ignore the nuance to try and sound clever.
“Requiring that people connect with their landlords to apply for a one-time supplement is problematic at best, and disrespectful to its core.”
#cndpoli
@JohnPasalis
Ottawa picked the dicey road to lower rents. Quebec is right not to follow: instead of handing more money to developers, it plans to invest in public, co-op, and not-for-profit housing. It makes sense.
@beheshtialex
@thewalrus
Maybe, if you had read it yourself, you would know I argue additional supply is necessary. But you’re welcome to criticize my work based on word of mouth.
@JackieP77652306
@ArmineYalnizyan
This is a crucial piece. Tenancy legislation cannot focus exclusively on mitigating risk and ensuring returns to landlords/investors.
@Kathy_Edm
@dgrdon
@readBTLbooks
Kathy, it argues the private rental market is about profit and wealth accumulation, not about housing security, affordability, accessibility, or any other social outcome. It’s a short book and a broad analysis. If you opt to read it, I hope you find it useful.
@AhmarSKhan
For the 2022-23 fiscal year, Total Taxation Revenue is $144.7B; expenditure in Education is $32.4B. So about 22%. If you use Total Revenu (incld. transfers), $200.4 billion, it goes down to 16%.
@SullivanRay
@CHRA_ACHRU
@jyduclos
@AnitaAnandMP
@cafreeland
@SeanFraserMP
In other words, a very different program focused on non-market housing would've been a good idea - but *this* is yet more incentives to the private sector with meagre affordability requirements. I agree with your points, Ray, but not your opening statement.
@gillesenvrac
Absolument. L'approche est correcte, mais les montants ne sont pas suffisants. Et il faudrait que ce soit une agence publique qui construise, pour que l'argent aille plus loin.