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Homebuilding costs in Canada soar 51% as population surges
(financialpost.com)
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this post was submitted on 29 Jun 2023
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We are living during times of excess prosperity but somehow we can't afford to provide needed services to the population... where is all the money going?
Asking for a friend.
Wealth has been concentrating at the top for the past few decades now in ways the modern world has never seen before.
This is US-centric, but Canada hasn’t been much better. https://www.pewresearch.org/social-trends/2020/01/09/trends-in-income-and-wealth-inequality/
Canada is ripe for the picking, we let our telecoms walk all over us.
I wonder how much of our "economy doing great" is just businesses generating GDP from crap like this...
That's a fundamental problem with just relying on GDP. It measures economic activity, not the people's prosperity.