Marty200

u/Marty200@lemmy.ca
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Of course they don’t want to lower property values. If you reduced house prices to pre covid cost plus a more standard increase, say 25% vs the 53% google tells me that has happened in Ottawa. Anyone that has bought recently would be absolutely screwed. If they end up having borrowed more than the house is worth, the bank isn’t going to let them renew. That’s a lot of people whose down payment would have evaporated.

I live in a small town outside Ottawa. Facebook has decided that I’m one of the people that wants to see the No ALTO post. The comments on the post are hilarious. Some people make good points about it been a huge expense, but the rest are people claiming that no one wants it and nothing will ever grow again between between Toronto and Montreal. Combine that with people that think we can run fast trains on the existing freight lines and the other that think we should just be building pipelines to refineries that can’t use tar sand oil. It’s good for a laugh and but I can’t bring myself to engage with them.