Another alleged extortion related shooting in Surrey, Last day of House of Commons session, CMHC warning about housing affordability.

[00:00:01] Speaker A: And now new stick away. [00:00:21] Speaker B: Connect FM 91.5 news takeaway segment Good morning Vijay. [00:00:29] Speaker A: Good morning Connect Nal Connect Good morning. It was really pleasant. [00:01:30] Speaker B: Good morning Vasuji Class attendance It's actually the other way around. [00:01:55] Speaker A: So we love you guys but can the topic change? Can they Rose? Can they? MP MLA politics. [00:02:30] Speaker B: Yes. The Fear. [00:03:19] Speaker A: Yasuite. [00:03:27] Speaker B: Program the Maksadi Kabratik. [00:03:33] Speaker A: Yeah. [00:04:14] Speaker B: Chavikant Samipela Pavque Buddh thankfully within less than 24 hours. Yes. So at Ki Honjari investigation within a matter of 4824 hours. [00:05:48] Speaker A: So break and enter. [00:06:24] Speaker B: Think of the level of frustration of the police officers Police authorities her level of government Criminal code Federal government investigate legal channels so infrastructure with social contract. [00:09:45] Speaker A: Yeah. Listeners. Listeners. Yeah. Biscuit cookies Okay. [00:10:37] Speaker B: I think opinion divided. I am always on the borderline about. [00:10:51] Speaker A: For a change. It's good. [00:11:32] Speaker B: House of Commons Interprovincial trade barriers Federal barriers Internal trade wage Federal barriers Federal barriers national interest Infrastructure projects Major infrastructure projects national interest. [00:12:39] Speaker A: Ontario Bill 5 so Isetra House Parliament Bill C5 Indigenous opposition party stage early morning amendments committee final third reading the voting so. [00:13:48] Speaker B: Largely speaking Parliament House of Commons originates Senate House of Commons but generally speaking proposals House of Commons. [00:14:11] Speaker A: That'S for Commons. [00:14:17] Speaker B: Per IK House only Tejado House of Commons Royal Ascent Melda House of Commons the sitting schedule the House will rise so House of Commons House leader Jarapelua expire Hojaga so Pandisal Tomba the JH is the Bharat in the future It's a five year It's a five year law. [00:15:36] Speaker A: JD Amendments Reject Amendment proposed ABC Kejara sunset clause. [00:15:50] Speaker B: Major infrastructure projects. [00:16:00] Speaker A: Approval procession. [00:16:17] Speaker B: House of Commons Parliamentary oversight Special committee Freedom automatically Special committee. [00:17:19] Speaker A: National significance yes the owner documents disclose Public advisory project Indigenous consultations. [00:18:18] Speaker B: Project national and in BC's case provincial interest so project Cabinet fast track Karna Chai project the project approve current Approve Indigenous consultation the consultation with the indigenous community Inflection point. [00:19:10] Speaker A: Yeah. Bill 15 Ontario Bill 5 so same House of Commons Consultation and cooperation is. [00:19:25] Speaker B: At the heart of C5 consultation cooperation. [00:19:27] Speaker A: Engagement and participation is at the heart of C5. It's a part of the legislation Land use. [00:19:52] Speaker B: Indian Act. [00:19:58] Speaker A: Yeah. So Bossari Acts Commandment proposed important acts Existing acts Criminal code Ethics Conflict of interest legislation Indian act as you mentioned the Official Languages act. [00:20:48] Speaker B: Earlier this year election so include Liberals debate cut short. [00:21:55] Speaker A: So Conservatives supported by the other parties block ndp they opposed it. [00:21:59] Speaker B: They opposed it. That's okay. [00:22:15] Speaker A: Yeah. [00:22:34] Speaker B: Was it that one? [00:22:36] Speaker A: Not that one Privacy legislation it is C2 the second reading. [00:22:48] Speaker B: Second reading. [00:22:49] Speaker A: Second reading C2 provincial privacy laws federal political party second reading pass. That is C2. [00:23:09] Speaker B: That is C2. [00:23:09] Speaker A: Yeah. [00:23:23] Speaker B: C5. Center of attraction House of Commons Torah Affordability Achieve Karandeli Canada Projected numbers. [00:24:28] Speaker A: It could have been three or five. [00:24:29] Speaker B: 305 and 30C. You're right. Good man. Very nice. Yeah yeah. Total 343. [00:24:44] Speaker A: I know how we operate, both of us. But that was for Bill C. That was the second reading. [00:24:53] Speaker B: Correct. Home affordability supply affordability achieve ghar sakangi. [00:25:45] Speaker A: So deko visa CMHC report peshki tc visa visa additional carbonalakta on top of that so 3.5 million aseekar additional construct career till 2030. Those are charwali affordability level benchmark year CMHC that was 2004 has given up comparatively 2019. [00:27:01] Speaker B: Current pace of construction. You need to construct 500,000 extra homes. We enable cities permitting approvals International students construction industry which is. So the reason I'm saying this. You often highlight this. [00:28:16] Speaker A: Yeah, that's the main reason. Career estate. [00:28:41] Speaker B: Sorry Family. You need a bigger space. [00:29:41] Speaker A: Hondani Gold Baro Daslas Gram bars Detached car Hondasi Ferraci Townhomesi Condos Microfiber Studio apartment Micro condos. [00:30:03] Speaker B: It's like. It's like stock market which Trading trading. [00:30:07] Speaker A: Units. [00:30:35] Speaker B: Real estate market policy lapses Convergence. [00:30:44] Speaker A: Point. [00:30:57] Speaker B: Financial institutions J market collapse Khadiya Sadhura Financial system risk Housing minister Affordability achieve Karandi million dollar system financial so now you need to make sure. [00:31:33] Speaker A: What. [00:31:33] Speaker B: Are we doing now? [00:31:35] Speaker A: So this is interesting that you highlight dead million Vancouver report projections so Vancouver can they benchmark price Karandi 1.5 million so date millionaire now fair can they we saw Penti TAK benchmark price 1.9 million plus so we saw Pantitak so we saw Chauvi Mukabla we saw Pantitak so Dasa Lake so 26.6% can the price appreciation which is a lot the fare benchmark. So this is more viable supply Toronto comparison it's even more stark. So Toronto supply the fair 3% 63% escalation prices which by 2035. [00:33:08] Speaker B: Anecdotal evidence metro Vancouver Greater Toronto maintain. [00:33:51] Speaker A: Housing cost. [00:33:51] Speaker B: Yes Affordable housing disposable income to see housing cost. [00:34:10] Speaker A: Since like post Covid housing unaffordability the solution supply bulletproof watertight argument interest rates economic confidence real estate market. So housing supply. So I think that's even more important. [00:35:00] Speaker B: Correct. [00:35:04] Speaker A: 0.05% which is basically flat line. Flat line Temporary Residency it's not enough 5% of the total population 7.4% so that's not like too far away. So I think. [00:36:09] Speaker B: Correct. [00:36:26] Speaker A: Housing supply is it Public policy has to be a. [00:36:44] Speaker B: Combination of multiple solutions multiple reports International student labor market professionals shortage industries. [00:37:12] Speaker A: Pathway. [00:37:12] Speaker B: To permanent residency exploitation system labor standards it's happening right under our noses Local representatives to look in constituencies know provincially they federally represent Garden Yes Housing. [00:38:11] Speaker A: Post Covid Especially multiple factors Immigration policy Sadi labor market policy Economic housing supply yes it's also a factor so inflation Housing supply Housing supply so we supply with Akisab Kushti Kojana but it has to be a bouquet it just cannot be just one flower. [00:38:51] Speaker B: It can be just one flower Unit condominiums Metro Vancouver by the end of this year that is by the end of this year Investors new market. [00:39:54] Speaker A: Developers Disincentivized developers Development cost charges Housing supply. [00:40:18] Speaker B: So. [00:40:23] Speaker A: Housing supply report Halibachaya. [00:40:39] Speaker B: Yes. [00:41:21] Speaker A: Affordability the problem. [00:41:34] Speaker B: Comprehensive holistic policy. [00:41:39] Speaker A: It'S not to say housing supply Canadians the per capita income yes Provincial the federal coordination Bethar Huega Provincial Sarkar Apna Galo Galan Maste Federal Sakara labor market recording coordination so there's so many aspects Holistic policy across multiple sectors across levels of government housing the problem resolved it's not just related to one particular cause Housing supply levels we achieve so CMHC benchmark price across country approximately 30 price correction average. [00:43:08] Speaker B: Nationally yes yeah and is one of. [00:43:16] Speaker A: Them. [00:43:19] Speaker B: Quickly Steel industry Canada the steel industry announcement Steel and aluminum sector European foreign ministers Steel producers Neti Canada no Steel page Free Trade Agreement Free Trade Agreement Free Trade Agreement Sign Hoya Free Trade agreement Sign Nahihaya announcement Mark Free trade agreement. [00:45:49] Speaker A: Canadian steel industry protect Karna Chonya 10 major companies so Mark Arni Nikal Announcement Total steel import Kitasi tariff free Ajayagas Adi Mulkovich we saw Chavi the level to Ziada system Dairy sector Supply management system. [00:46:49] Speaker B: Mexico European Union Australia Japan example China India Turkey. [00:47:36] Speaker A: Federal infrastructure Canadian steel domestically produced Canadian Steel Producers association the United Steel Workers Union Joint statement this falls short of what is actually required to solve the problem. [00:48:21] Speaker B: Deadline self imposed deadline negotiations already as of. [00:48:35] Speaker A: Now. [00:48:37] Speaker B: Canadian steel aluminum. [00:48:44] Speaker A: So March which counter tariffs announced American products American steel Aluminum tariffs Canadian steel Canadian steel. [00:49:39] Speaker B: Correct. [00:49:43] Speaker A: Ambassador named U.S. trade Representative Trade negotiation Canada is the largest supplier of steel to the US Foreign produced. [00:50:42] Speaker B: Institution of steel manufacturers the Chinese steel inferior quality prefabricated steel welding the quality Canadian company and a fixita which is a time Laga cost I project delay Project delay the overall steel but a tough standards. [00:51:29] Speaker A: $1.3 billion project the 1.6 billion bridge replacement in a crucial piece of infrastructure critical infrastructure yes so the Kabarban public infrastructure iPhones Samsung energy hungry you trade partner just because political compulsions lack of political villa but economically it made economic sense otherwise. [00:53:23] Speaker B: Yes 8 point though billion. [00:53:24] Speaker A: Dollar taxpayers so same applies to overall economy so China economic ties China. [00:54:15] Speaker B: To see those tunnels red diplomacy garnet diplomacy. [00:54:27] Speaker A: Yeah so publicly like minded partners values similar shared values. [00:54:47] Speaker B: Yes. [00:54:49] Speaker A: Correct you chose the easier way out less like minded. [00:55:02] Speaker B: Name. [00:55:14] Speaker A: Foreign Policy Foreign Policy 101 Foreign Policy is a mix it's a balance between values and interests yes. [00:55:33] Speaker B: To see. [00:55:34] Speaker A: Interest being you know very soft you. [00:56:03] Speaker B: Never punch down you never punch down exactly. [00:56:09] Speaker A: Donald Trump. [00:56:19] Speaker B: Diplomatically is America first supporters name make America great again diplomatic meeting Europe foreign ministers foreign minister counterpart. [00:57:01] Speaker A: Geneva meeting let's hope some sense prevails there Bilkul thank you very much have. [00:57:09] Speaker B: A very nice weekend thank you Vijay you too.