At some point a duck needs to be called a duck: Any reliable source will show that Canada’s real estate market has been inflating proportionately higher than all other economic sectors for the past 20 years or so. If we look at the real cause and real effects of this, we’ll see very easily that no one, including the middle class, have to be left behind, problems such as homelessness can be greatly alleviated, and all that has to change is for government to do a better job of managing the economy.

Simply reading the definition of the term ‘hyperinflation’ on an economics site plainly shows that the real estate sector in Canada qualifies. Canada, like most western democracies, has been increasing its money supply while lowering interest rates since the 2008 financial crisis and even since the dot com boom and bust in 2000.

As is cultural practice and tradition, the middle class has been moving more and more of what is available to them of this new and cheaper money into real estate. This increase in money availability of course increases demand while flow of course raises prices.

The easy money and low interest rates also attract international investors into the sector, who in turn drive up prices even higher and faster. Of note is that a few recent policies, in Vancouver and Toronto for example, have finally begun to target international real estate speculators in Canada.

Where does this new money come from? The Bank of Canada, of course. Like all western democracies, Canadian currency is managed by a central bank with the goals of maintaining a healthy economy and keeping inflation low but still positive.

To do this in the past two decades, the Bank of Canada has had to increase the overall money supply and lower interest rates to such a degree that as a side effect it has substantially contributed to pushing Canada’s real estate sector into hyperinflation mode. Now, the Bank of Canada of course does not choose to or have the goal of facilitating hyperinflation in any sector, and of course not one as important as Canada’s real estate market.

Let’s ask why our central bank, which always acts in the public interest generally, has been increasing the money supply and keeping interest rates historically absurdly low. The reason is the overall poor management of the economy. Who manages the economy? Government, of course. The central bank is only a reactionary institution to overall economic trends and not a policy setter itself, all proactive policy is set by government.

Successive federal, provincial and municipal governments have been serving the needs of investors above and beyond those of the general population. When this happens, investors are put at the helm of the whole economy and any problem with the investor class needs to be solved above all problems.

If the stock market crashes or there is a dot com boom and bust or an international financial crisis, investors are propped up by subsidies and policies by governments with almost no questions asked. Central banks don’t have much choice but to follow suit and prop up investors as it has become their sole means of saving the overall economy.

All three levels of government have been serving investors above all, from federal corporate welfare and industry-specific subsidies at the provincial level, to permits, zoning changes and subsidizing gentrification at the municipal level. This policy direction from governments has itself also contributed to real estate hyperinflation through increasing the availability of investment capital for real estate purchases, increasing pressure for apartments to be converted into condos and for land to be sold to real estate developers.

The middle class acts as a whole with one of their primary or main goals remaining home ownership. They divert more and more of their disposable income into real estate, furthering the upward spiral of real estate prices and rendering much of them ‘house-poor’ and otherwise lowering their consumer purchasing power until their home is finally paid off.

As government funds are diverted to investors, fewer funds proportionately are available for public services. Health care and schools suffer, just for example. People become less healthy and educated negligibly on a yearly basis, but considerably over time.

Advocates and activists for societal causes such as homelessness have fewer resources while the number of homeless increases. The reduced availability of affordable apartments due to gentrification and condoization further causes an increase in homelessness. Hyperinflation in the housing market forces some middle class members to entirely abandon home ownership and choose rental apartments instead, further crowding out those in the rental market and increasing homelessness further.

While it is true that profit and investment gains are ultimately good for everyone, this goodness is allotted extremely unequally, with top investors benefitting greatly and lower income earners benefitting almost negligibly. The middle class can be easily persuaded to feel good about their investment gains while reaping a proportionately low percentage of these gains and having to divert increasingly larger amounts of their budgets toward housing. Government overly pandering to investors therefore causes the economy to be incapable of providing conditions favourable to universally affordable housing.

The simple subsidizing of social housing is often cited as a key solution by activists in response to this situation. This is a band-aid only, at best, as causal problems are not solved. The best long-term solution would be a large-scale shift in political momentum toward long-term investment in everyone’s health, education and well-being, which will create a society of more innovation, able and productive people.

Increasing funding of public services while simultaneously reducing funding of the investor class re-allocates resources from inflationary and already well-off recipients, to include disadvantaged and potentially seminal ones. Creating broad improvements in prosperity and economic conditions rather than simply inflating investment values requires less central bank corrective intervention, which in turn reduces inflationary pressures on the real-estate sector.

With less real estate inflation, the middle class would once again gradually increase its purchasing power, which in itself is a positive driver of economic conditions, and be able to leave more room in the rental real estate market.

Housing-as-a-human-right type policies can come and go as governments do, election-to-election. Correction of general economic conditions generally outlast any single government mandate and provide the economic conditions necessary for universal housing affordability and solve real estate hyperinflation entirely. Only then will central bank policies be able to be normalized and the housing market will correct.

The investor class must realize that investing in the health and education of everyone will provide them with better employees. Governments must realize that directing public funds to the public, rather than investing in investments, reduces drains on public funds and provides for better economic conditions long-term. The middle class must realize that their own governments are the cause of the real estate hyperinflation they suffer through.

Featured Image: Recreation of the UP balloon house from the National Geographic Channel

Jason C. McLean and Special Guest Dawn McSweeney go through some of the week’s top news, roundup-style.

Topics:

The US leaving Afghanistan
The 2021 Canadian Federal Election
OnlyFans dropping explicit content
Forced sterilization of Native women in Saskatchewan
Gatineau boy’s father denied human rights complaint

Follow Dawn McSweeney @mcmoxy on Twitter and Instagram

Follow Jason C. McLean @jasoncmclean on Twitter and Instagram

Jason C. McLean and Special Guest Samantha Gold discuss the upcoming Montreal Municipal election (with an emphasis on the Côte-des-Neiges—Notre-Dame-de-Grâce and Montreal Nord boroughs), the possibility of a fall Federal Election and Quebec’s new vaccine passport.

Follow Samantha Gold on Facebook @samiamart and Instagram @samiamartistmtl

See Samantha’s mural outside of the Union United Church

Follow Jason C. McLean on Twitter and Instagram @jasoncmclean

Jason C. McLean and Special Guest Dawn McSweeney discuss some of the week’s top news stories:

Quebecers can move up their second vax shot and things are re-opening. Is Montreal getting back to normal?

Trudeau appointed Canada’s first Indigenous Governor General. Is this just a deflection? Should he tax the churches?

After Game Four of the Stanley Cup Playoffs, Montreal Police teargassed the crowd outside the Bell Centre without warning. What was their excuse and does it hold up?

Follow Dawn McSweeney on Twitter and Instagram @mcmoxy

Follow Jason C. McLean on Twitter and Instagram @jasoncmclean

A News Roundup FTB Fridays with host Jason C. McLean and special guest political emcee and filmmaker Jay Manafest. They discuss:

Quebec’s second vaccine dose, vaccine skeptics and problems with the website

Montreal politics

What Canada Day means following the discoveries of bodies at former Residential Schools

The Habs in the Playoffs

Listen to Jay Manafest on Bandcamp

Follow Jason C. McLean on Twitter: @jasoncmclean

Jason C. McLean and Special Guest Samantha Gold discuss some of the top news stories of the day (local, national and international):

Quebec’s curfew lifting, Marjorie Taylor Greene stalking AOC, hidden systemic racism in the Federal Government, the Montreal Municipal Election & this summer’s hybrid festivals.

Follow Samantha Gold Artist on Facebook @samiamart and Instagram @samiamartistmtl

Follow Jason C. McLean on Twitter @jasoncmclean

François Legault has shoehorned his foot into his mouth, yet again. Last week it was his claim – in response to the growing affordable housing crisis – that the average rent in metropolitan areas in Quebec was $500-$600 a month. This week, it’s his inflexibility on pay raises for public sector workers.

In Quebec, we have an expression “Au Quebec, on syndique!” in other words, “In Quebec we unionize”. We are also in a pandemic where the gap between rich and poor is clearer than ever, and the definition of who counts as an essential worker is all the more obvious as a result.

It therefore came as a slap in the face to those same workers that Legault told government worker unions there is no money left to pay for pay raises. The Quebec government’s current offer to healthcare workers – called “guardian angels” by Legault – is a five percent pay raise over five years with an option for a further three percent if inflation exceeds the amount they’re offering. Higher pay raises are being offered to patient attendants in long-term care homes and first year teachers in an attempt to lure more people to these professions that are facing severe staffing shortages in Quebec.

The unions have said government offers are too little to accept, and Legault’s response is to cite pandemic-related public spending as grounds for the claim that his government cannot offer them more. In an age where unions are more important than ever in the face of mounting corporate greed, his remarks come as particularly insulting when he himself owns a multimillion dollar home in Outremont.

Since Legault’s callous remarks around residential renting costs, his government and the Coaltion Avenir du Quebec has been engaging in damage control. This can be seen in the Premier’s conspicuous absence from the press conference announcing the expansion of eligibility for the COVID-19 vaccine.

Every time Legault goes public on financial matters, his wealth and privilege shine through. This is a man who claims that he will do what the majority of Quebeckers want, yet his responses to issues surrounding poverty and people’s value stinks of the arrogance that comes with extreme wealth.

While I have zero interest in saving the Quebec premier’s reputation, I do have a suggestion of how Francois Legault and his party can save his ass from political blunders that have finally alienated their base:

Francois Legault should take a pay cut.

He should accept a reduction in his salary as premier and that amount should go straight into an offer of increased salaries for essential workers. A simple Google search reveals that Legault’s approximate net worth is about ten million dollars, so he clearly doesn’t need the money.

He wants to be a man of the people? He needs to prove it, and he needs to do it now!

Now I could bring up that since Quebec is already facing teaching shortages, suspending Bill 21 would be a fantastic way to attract more staff, but that’s not what this article is about. It’s about the population of Quebec facing mounting financial strain due to the COVID-19 pandemic.

It’s about nurses, nurses’ aides, and other front line workers fed up with a rich man telling them what they can and cannot afford when they put themselves at risk of contracting the virus while he remains in safety. It’s about the fact that while homelessness is on the rise and buying a home is so far out of reach for most people, he owns a multimillion dollar home.

That said, I believe I speak on behalf of everyone in Quebec when I make this challenge to our illustrious premier:

Are you truly a man of the people? Prove it, Monsieur Legault, take a pay cut.

Special Guest Samantha Gold talks about getting vaccinated against COVID-19 in Quebec, Premier François Legault’s comments on Montreal rental prices and more with host Jason C. McLean

Follow Samantha Gold on Facebook @samiamart & Instagram @samiamartistmtl

Follow Jason C. McLean on Twitter @jasoncmclean

Book your Quebec vaccine appointment through Clic Santé according to the schedule

On April 20, 2021 the Superior Court of Quebec issued a ruling on Bill 21, Quebec’s Secularism law which many Canadians were awaiting with baited breath. It was a victory for some, and a tragedy for others.

In its decision, it upholds the Quebec Secularism law with the exception of English schools in Quebec, and the Coalition Avenir du Quebec government under Premier François Legault has already announced its plans to appeal. This article will give a rundown of the ruling itself, the response by those affected, and what it represents to the people of Quebec and Canada.

I’m not going to go into all the nuances of Quebec’s Secularism Law, hereafter Bill 21. I gave a full and detailed rundown in multiple articles when the law was forced through the National Assembly in 2019.

In a nutshell, it severely limits employment in most of Quebec’s public sector as well as access to certain government services for anyone who wears religious symbols, including crosses, hijabs, headscarves, and kipas/yarmulkes. At the time, the government claimed the law would unite Quebeckers, but it has made us more divided than ever. Hate crimes and harassment of Muslim women are on the rise, something experts tried to warn the government about prior to the law’s passing.

The government knew that the law would never survive a legal challenge based on constitutional rights so they wrote in the Notwithstanding Clause, a clause written into Canada’s constitution to allow discriminatory rules to remain in effect for five years notwithstanding certain articles in the Canadian Charter of Rights and Freedoms. It is largely the court’s measure of the effect of the Notwithstanding Clause that decided the outcome of the case.

I knew that no matter WHAT the court’s ruling, someone would appeal the decision. That someone is the Quebec government and it is unfortunate because for the most part, the Quebec government won the case.

Bill 21 is still in effect, and teachers and other people hoping for the stability that comes with public employment have had their hopes dashed, with one exception. The court decided that Bill 21 remains valid due to the province’s use of the Notwithstanding Clause, with the exception of English schools, which are constitutionally protected by a clause in the constitution that isn’t covered by the Notwithstanding Clause, as well as the National Assembly. It is this aspect that the government plans to appeal, claiming that this exception divides Quebec when the province’s society should be united.

William Korbatly, a lawyer, feels the government’s claim that the judge’s ruling split Quebec is erroneous and dishonest.

“[I]t’s the law 21 that did that by making some Quebeckers lesser citizens than those who think of themselves (as) superior or have more privileges just because they are part of the cultural majority. That being said, we cannot deny that a large part of Quebeckers have serious problems and are very allergic to any religious manifestation in public spaces. Thus, politically speaking, that law should be put to the courts’ authorities and they will decide what is constitutional and what is not.”

Unfortunately despite Quebec’s ongoing teacher shortage, English schools in the province will still be subjected to Bill 21 pending appeal.

Carolyn Gehr, an Orthodox Jewish woman and teacher with the Montreal English School Board who wears and headscarf and submitted an affidavit with the other plaintiffs had some choice words about the legal decision keeping the law in force for now.

“I feel horrible for the prospective teachers who enthusiastically applied to the English school boards who desperately need them, only to find out in a day or two that their hopes were dashed yet again, and that this ruling does nothing for them for the foreseeable future. The fact that the government is fighting this so vociferously reinforces in me the idea that I’m not really wanted here, especially in that I’m only allowed in my job as I am because ‘Oncle Francois’ magnanimously grandfathered me in so as not to offend the sensibilities of people who don’t like to see someone fired for no reason.”

M. I. a Muslim teacher working in the private sector who no longer wears her hijab for personal reasons spoke of why she chose to take it off.

“I grew up in a moderately conservative Muslim family and the choice to wear the hijab was mine to make and I chose to wear it until about a year ago. Why I chose to take it off was a completely personal choice because I was no longer wearing it for religious reasons. It just provided me with a sense of comfort and not wearing it felt like going out without my pants on since I had worn it for so many years.”

On Bill 21, she says she and most of her community were very concerned. There was this feeling that this sort of law would never happen in Canada and most members have been directly or indirectly affected.

“I know the law adversely affects all religious communities but as a Muslim woman who used to wear the hijab my feelings are very strong when it comes to the effect the bill has on the women in my community. I find this law to be discriminatory, anti-feminist and anti-human rights. As a woman, I cannot accept that someone can have any say in how I choose to cover myself. I am well-educated and have never been forced by any part of my religion and can say for a fact that his holds true for most women in my community.”

M.I. says the Muslim community is one of the fastest growing minorities in Quebec and that the law, like the hijab ban in France, is just a way of keeping minorities under control. She points out that this open hostility has just led to more anger and extremism among Muslims in France than ever before. Adding, like Carolyn Gehr, that Bill 21 made her feel she didn’t belong.

“I am many things: Iranian, Muslim, Canadian and a Montrealer but a Quebecker I am not. I no longer feel any pride in that.”

Francois Legault and the Coalition Avenir du Quebec and others with clear and open hostility towards visible and religious minorities in Quebec represent the worst elements of Canadian and Quebec society. A society that buys into the narrative of white victimhood and denial of a more honest history that includes everyone who contributed to the great society we have today.

In metropolitan areas like Montreal, more and more people find this attitude dangerous and even laughable and recognize that those who support it can either embrace the diversity that enriches our food and other aspects of our culture, or die with the dinosaurs. That said, let the government know their decision to appeal is a frivolous waste of Quebec tax dollars when there’s a pandemic and a housing shortage to address. The fight’s only over when we the people say it is, so keep fighting.

Featured image of the Palais de Justice in Montreal by Jeangagnon via Wikimedia Commons

Host Jason C. McLean is joined by Stephanie Laughlin and Jerry Gabriel of the Professors of Pop Podcast to talk about this year’s Academy Awards: predictions for the major categories, what the event might be like and controversies or lack thereof.

Follow Professors of Pop on Instagram @41productionsfilms

Follow Jason C. McLean on Twitter @jasoncmclean

Derek Chauvin is now properly referred to as convicted murderer. A jury found the former Minneapolis police officer guilty of second-degree unintentional murder, third-degree murder and second-degree manslaughter for kneeling on George Floyd’s neck for nine minutes and twenty nine seconds on May 20th, 2020.

Chauvin now awaits sentencing and could be sent to prison for decades. The three other former police officers who stood by and did nothing while Chauvin murdered Floyd will be tried in August.

A white police officer murdering a black civilian is nothing new. The cop facing consequences beyond being fired or suspended is rare, especially in the US.

So, while many, understandably, are celebrating the fact that there will be accountability for Derek Chauvin and hopefully some justice for George Floyd and that racist and brutal cops actually can be convicted of murder and not always get away with it, it’s important to remember that this doesn’t happen all the time or even frequently. If it did, Chauvin probably wouldn’t have felt perfectly comfortable murdering someone in broad daylight with plenty of witnesses and a camera filming him.

Look at what it took to get to this moment:

  • Solid (and incredibly hard to watch) video evidence that Floyd was in no way able to resist let alone threaten Chauvin
  • A spring and summer’s worth of protests in every major American city, complete with solidarity protests around the world, and the tireless work of BLM and other groups
  • Mounting calls to defund (and in some cases abolish) the police
  • Massive media coverage and pretty much the whole world watching the trial
  • The knowledge that if Chauvin wasn’t charged or walked, things would explode again in the streets
  • 10 hours of jury deliberation after they were presented with some of the most bogus arguments imaginable

Yes, this is a victory and it hopefully will change things, but it’s important not to get complacent. This is in no way proof that the system works, only that it can work in a specific and very public case if enough people force it to.

This isn’t a reason to stop calls to defund the police. Or, for those of you who don’t like the slogan, it’s not a reason to stop calls to take stuff like traffic stops crowd control and dealing with people who may have accidentally passed a counterfeit $20 bill away from people with guns and let a much smaller and better-trained group of people with guns focus on stuff like murder, assault and hostage taking, all the while removing a paramilitary force from our streets (see, the slogan works better).

Murderer murders man in broad daylight, is filmed, and then is convicted of murder shouldn’t be a banner headline, it should be the norm when such a thing happens. And it shouldn’t take hundreds or thousands or millions of people to make it happen, either, just a few of his peers.

Until police indiscriminately murdering black men is what shocks and surprises us and repercussions for those cops is what’s expected, the fight needs to continue.

Until that is the reality, the fight needs to continue.

Activist Sam Hersh joins Jason C. McLean to talk about the NDP’s Palestine Resolution, which he and a group of Palestinian and Jewish activists helped pass with 80% support at last weekend’s convention and the ensuing reaction from NDP leadership and others.

Follow Sam Hersh on Twitter @SamHersh01

Follow Jason C. McLean on Twitter @jasoncmclean