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Over the past two weeks, Stephen Harper has made three new housing-related promises on the campaign trail. However, they won’t help the crisis of affordability. The pattern is familiar: make things worse and prepare to blame others. First, there’s the promise to allow first-time home buyers with RRSPs to take an extra $10,000 out of their […]
The first major election promise from the federal Conservatives: a permanent home renovation tax credit. On the surface this looks like an astute manoeuvre, given that home renovation has been booming in recent years. Canadian Press called the proposed credit a “big budget campaign promise,” but on closer inspection it is pretty underwhelming. Estimated at $1.5 billion […]
Over at the blog of Northern Public Affairs, I’ve written a post titled “Ten Things to Know About Homelessness in Canada’s North.” Topics covered in the post include the high cost of construction in many parts of the North, the relatively high costs of operating housing in the North, and declining federal funding for social […]
Posted by Nick Falvo under aboriginal peoples, Canada's North, Conservative government, energy, homeless, housing, Indigenous people, Northwest Territories, Nunavut, poverty, social policy, Yukon.
March 25th, 2015
On Monday I gave a guest presentation to Craig Jones‘ graduate seminar class in Carleton University’s School of Social Work. My presentation sought to answer two questions: 1. Why should government play a role in creating affordable housing? 2. Which level of government is responsible? With those questions as a backdrop, here are 10 things […]
Louis-Philippe Rochon has written a provocative blog post for the CBC titled “Top 10 Economic Predictions for 2015.” The post is available here.
Posted by Nick Falvo under Bank of Canada, banks, budgets, Conservative government, consumers, deficits, economic growth, economic models, economic thought, employment, Europe, exchange rates, federal budget, fiscal policy, household debt, housing, inflation, interest rates, monetary policy, oil and gas, prices, Role of government, social indicators, tar sands, US.
January 11th, 2015
Earlier today, over at the Northern Public Affairs web site, I blogged about a recent (and controversial) decision made by the Yukon government about affordable housing in the Yukon. Points raised in the blog post include the following: -Very little affordable housing gets built in Canada without federal assistance. -Without financial assistance from senior levels […]
Posted by Nick Falvo under aboriginal peoples, Canada's North, Conservative government, fiscal federalism, housing, Indigenous people, NDP, party politics, poverty, Role of government, social policy, Yukon.
July 15th, 2014
Yesterday I blogged about rental housing in Yellowknife, over at the Northern Public Affairs web site. Specifically, I blogged about a recent announcement by the city’s largest for-profit landlord that it plans to “tighten” its policies vis-a-vis renting to recipients of “income assistance” (which, in most parts of Canada, is known generically as social assistance). […]
Posted by Nick Falvo under aboriginal peoples, Canada's North, competition, Conservative government, corporate profits, employment, Employment Insurance, free markets, homeless, housing, income support, Indigenous people, Northwest Territories, P3s, poverty, prices, privatization, Real Estate, regulation, Role of government, social policy, unemployment.
May 24th, 2014
Earlier this month, I blogged about the At Home/Chez Soi homelessness study prior to the release of its final report. Today I’ve blogged again, this time about the contents of the final report itself. This second blog post, being rather long and nuanced, was written for the Homeless Hub. It can be accessed at this […]
Posted by Nick Falvo under cities, Conservative government, fiscal federalism, health care, homeless, housing, income support, municipalities, P3s, poverty, privatization, social policy, Toronto.
April 24th, 2014
On Tuesday, April 8, results of the Mental Health Commission of Canada‘s At Home/Chez Soi homelessness study will be released at an Ottawa press conference. The study followed more than 2,000 participants in five Canadian cities. All were homeless when the study began. Half of them received the Housing First intervention, and half of them did […]
This piece was originally published at the Globe and Mail’s online Report on Business feature, EconomyLab. There are two reasons why it is difficult to comment on the legacy of a finance minister. 1) It is a tremendously challenging job, anywhere, any time. Stewarding one of the largest economies in the world through a […]
Posted by Armine Yalnizyan under budgets, Conservative government, deficits, federalism, fiscal federalism, global crisis, housing, IMF, income distribution, income tax, inequality, macroeconomics, OECD, public infrastructure, Role of government, StatCan, stimulus, taxation, TFSA, World Bank.
March 20th, 2014
This morning I gave a presentation to a church group in Ottawa on affordable housing and homelessness. My slides can be downloaded here. Points I raised in the presentation include the following: -Though government provides subsidies to some low-income households for housing, it is important to be mindful of the considerable funding available for Canadian […]
This afternoon, I gave a presentation on public policy responding to homelessness in Canada, with a focus on the past decade. I gave the presentation at this year’s annual conference of the Ontario Non-Profit Housing Association. Points I made in the presentation include the following: -Once inflation is accounted for, the current annual value of […]
This piece was published today in the Globe and Mail’s Economy Lab. Two findings stand out in the National Household Survey (NHS) data released Wednesday, both critical in this post-recession era of uncertainty: 1) A quarter of Canadian households spent 30 per cent or more of their pre-tax income on shelter, the official measure of housing affordability. […]
Today I gave a presentation on Canadian housing policy at the annual conference of the European Network for Housing Research. Points raised in the presentation include the following: -Fiscal context, more so than which party has been in government, appears to have shaped federal housing policy in Canada over the past two decades. Program expenses […]
A letter appears in today’s Globe and Mail in response to recent direction given by Minister Flaherty to private mortgage lenders over mortgage rates. The letter was written by Steve Pomeroy, one of Canada’s leading housing policy experts. Here is the full text of the letter: – Glass-house mortgages Twice in recent weeks, the Minister […]
Canadians are now more indebted than either Americans or the Brits at the peak of their housing bubble. Statistics Canada today revised the national accounts. The result on the household debt front was that instead of Canadian households having a debt to disposable income ratio of 154, it has now been revised upwards to 166. […]
Today’s report that the national inflation rate fell to 1.2% in May deflates calls for higher interest rates to reduce inflation. The central bank’s core rate was 1.8%, also below the 2% target. The other argument for an interest-rate hike was to moderate mortgage lending and the housing market. However, the federal government’s move to […]
Seen in isolation, Finance Minister Flaherty probably did the right thing yesterday in seeking to safely deflate the housing bubble and lower the dangerous growth of household credit to a record level as a share of household income. But he did it very late in the game, and risks tipping an already very fragile economy […]
Today the CCPA released a new big picture report by myself and student researcher Amanda Card calling for a Green Industrial Revolution. The report builds on work done for the BC-focused Climate Justice Project, bringing to bear a national analysis of green and not-so-green jobs. We take a close look at GHG emissions and employment […]
Posted by Marc Lee under carbon pricing, ccs, climate change, economic growth, employment, energy, environment, housing, industrial policy, investment, labour market, macroeconomics, oil and gas, progressive economic strategies, public infrastructure, public transit, tar sands, transportation.
June 12th, 2012
The US Federal Reserve today released its triennial examination of incomes and net worth of American households in the Survey of Consumer Finances. It shows the crushing effects on net worth of a housing and financial bust unparalleled since the great depression. The shocking results of this study overviewed in the New York Times are […]
Last week I was in Whitehorse where I released a peer-reviewed policy report on poverty in Yukon. The report was part of the much larger Social Economy Research Network of Northern Canada project. Report findings include the following: -Ignoring poverty can be quite costly, as has been clearly demonstrated by research on the ‘costs of […]
Posted by Nick Falvo under Canada's North, child benefits, Conservative government, fiscal federalism, health care, housing, income support, Indigenous people, inequality, minimum wage, poverty, Quebec, social policy, wealth, women, Yukon.
May 27th, 2012
On CBC’s The National last night, Rex Murphy weighed in on Quebec’s student protests; the transcript can be found here, and the three-minute video here. He calls the protests “short sighted,” points out that Quebec already has the lowest tuition fees in Canada, and suggests the students’ actions are “crude attempts at precipitating a crisis.” He […]
Posted by Nick Falvo under education, fiscal federalism, housing, Newfoundland and Labrador, post-secondary education, poverty, Quebec, social indicators, social policy, student debt, student movement, user fees, young workers.
April 20th, 2012
Statistics Canada reported today that consumer prices decreased in December, lowering the annual inflation rate to 2.3%. The Bank of Canada’s core inflation rate declined to 1.9%. Tame inflation leaves room to lower interest rates. If unemployment continues to rise, the Bank of Canada should reduce interest rates to boost the economy and create jobs. […]
December marked the three-year anniversary of Ontario’s Poverty Reduction Strategy. While I believe there is much to celebrate, much remains to be done. The Strategy surprised a lot of observers, especially in light of the fact that it was announced in December 2008, just as Ontario was entering a recession. Its focus was almost exclusively […]
Posted by Nick Falvo under child benefits, Conservative government, corporate income tax, early learning, economic crisis, education, fiscal federalism, fiscal policy, housing, income support, income tax, Indigenous people, inequality, minimum wage, Ontario, poverty, progressive economic strategies, recession, social indicators, social policy, taxation, unemployment.
January 8th, 2012
It’s no secret that a major priority of Canadian universities is to recruit substantial numbers of international students, who in turn pay very high tuition fees once they arrive in Canada. Recent evidence suggests that insofar as Canadian universities want to continue doing so, they should work with senior levels of government to reduce the cost of both housing […]
Last week, I was in Yellowknife, where I released results of new research on affordable housing in the Northwest Territories (NWT). The research project was sponsored by the Social Economy Research Network of Northern Canada, and was a collaboration with the Centre for Northern Families. Research findings include the following: -Housing indicators suggest that the […]
Last weekend, I spoke on a panel at the Annual Conference of the Ontario Non-Profit Housing Association. The panel was inspired in large part by the recent debate in Toronto over Mayor Rob Ford’s attempt to sell social housing units to private buyers. The panel, entitled “To Privatize or Not to Privatize? That is the question,” included myself, Vince Brescia (President and CEO […]
Posted by Nick Falvo under capitalism, cities, housing, Ontario, P3s, poverty, prices, privatization, public infrastructure, public services, Role of government, social policy, Toronto.
November 5th, 2011
Today CCPA released a new Climate Justice Project report, Fighting Energy Poverty in the Transition to Zero-Emission Housing: A Framework for BC, by yours truly, Eugene Kung (a lawyer with the BC Public Interest Advocacy Centre and a steering committee member of the CJP) and Jason Owen (who worked on this project as a student at UBC, now with the […]
Pollsters tell us that Ontario’s New Democrats may double their seat total in next month’s provincial election. It’s also entirely conceivable that they could be part of a coalition government at Queen’s Park. But what’s actually in the party’s election platform? One central feature of the NDP’s proposals is to implement a tax credit for companies that hire new workers. The tax […]
Posted by Nick Falvo under climate change, corporate income tax, education, employment, energy, environment, fiscal policy, health care, housing, HST, income distribution, income support, income tax, investment, minimum wage, NDP, Nova Scotia, Ontario Election 2011, party politics, post-secondary education, poverty, progressive economic strategies, public services, public transit, social democracy, social policy, socialism, super-rich, taxation, user fees, wealth.
September 20th, 2011
TD Economics yesterday released a rather gloomy report, putting the odds of a US recession at 40%, and arguing that that Canadian economy is more vulnerable to recession than it was in 2008. It highlights reduced capacity for governments to respond given that interest rates are already very low, and given that household and government […]