The Hatchet Guns and Splutter: Breaking Down the Budget
4 snips
Nov 11, 2025 The budget reveals a staggering $78.3 billion deficit alongside promises of $1 trillion in investments. Hosts dive into unmet housing promises, questioning the effectiveness of the GST cut for first-time buyers. There's skepticism regarding the appointment of Gregor Robertson as the public home builder. Discussions highlight how high housing costs stifle business growth and innovation. Advocates express disappointment, framing the budget as a failure in addressing affordability. It's a critical look at how housing shapes Canada's economic landscape.
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Housing Policy Undermines Productivity
- The budget promises lots but fails to seriously tackle housing supply and costs.
- High housing returns divert capital away from productive investment and harm business formation.
Small Measures Won't Fix Affordability
- The budget drops many housing promises and makes only limited changes like GST cuts for some buyers.
- Jordan argues these measures won't lower prices or resolve affordability and broader economic harms.
GST Cut Feels Symbolic
- Jordan highlights the GST cut on first-time homebuyers under $1M as inadequate given current prices.
- He also expresses distrust of the public home builder led by Gregor Robertson due to past failures.