this post was submitted on 05 Jul 2023
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I concur. The real estate industry is really hindering creativity and productivity in all other industries. It may well be a vicious circle too.
Canadian government, please help diversify the country's industries, otherwise it will become riskier and riskier to invest in Canada and for it's entrepreneurship to run properly.
When you diversify and allocate available resources to a healthily wider spectrum of industries, all other industries will eventually need more land and properties anyway, which would healthily boost the real estate market in a constructive manner. It can also prevent structural job loss in case the property price bubble bursts.
Work smarter. Entrepreneurs shouldn't all rush into some don't-need-to-work-their-brains-as-hard industries like real estate.
And voters please make your vote wisely. Tell your friends about this too.