Eby's cabinet shuffle, International Trade barriers removal to boost home building, trump orders release of Epstein files.

[00:00:01] Speaker A: And now News Takeaway. [00:00:14] Speaker B: Connect FM 91.5 News Takeaway segment Good morning Vijay. [00:00:21] Speaker A: Good morning Connect now connect. [00:00:29] Speaker B: To see thermostat throw down Kartalagda One of them being Sarito Ministry Advanced Education. [00:01:01] Speaker A: Parliamentary Secretary for Surrey Infrastructure. [00:01:11] Speaker B: What is your name? What's your name? That is a made up name what is your real name? Subari Patha Point person at the point Karandi Lord Paniya Baki Dej MLA JD Vakovakri Communities who represent Kardeni Saridianukanu Represent Karnata projects Consolation prize. [00:02:27] Speaker A: Minister of Citizen Services Parliamentary Secretary for Downtown Eastside and Chinatown so area specific Parliamentary Secretary position. [00:02:40] Speaker B: So Premier. [00:02:46] Speaker A: Solicitor General Police transition I do not agree with that characterization It's. [00:03:25] Speaker B: A clear demotion within nine months of. [00:03:27] Speaker A: This. [00:03:33] Speaker B: Within the first year because of various reasons. [00:04:02] Speaker A: Public Safety Minister Public Safety Ministry Nina Kruger so Premier Public safety Cultural, religious communities, places of worship, vandalism anti Semitism. [00:05:02] Speaker B: Public safety or community safety Unfortunately Public Safety Minister Public Safety. [00:05:43] Speaker A: Public. [00:05:43] Speaker B: Safety Minister he was very much front and center. [00:06:17] Speaker A: Public Safety Minister yeah so lots being said Housing Ministries Housing Ministry Indigenous Services Ministry Housing Ministry. [00:07:37] Speaker B: Friend. [00:07:41] Speaker A: Promotion Otherwise can the Christine boy they call housing important Portfolio. [00:08:02] Speaker B: By Votanal Jit Darjikarque NDP no razor thin majority Gary Bag Finalize meeting Hoy Gary Bagdi Star Wangu within nine months already Mining sector critical Mineral sector the forestry ministers and of course economy at large yes. [00:09:29] Speaker A: Minister of State for Trade Rick Glumack Minister of State for AI and New Technologies so Minister of State Parliamentary Secretary for Trade so Trade as a portfolio demotion Minister for jobs and economic Growth Economic growth Parliamentary Secretary. [00:10:18] Speaker B: First time buyers equity sharing which is the financing Equity financing of course first time buyer program purchase price. [00:11:09] Speaker A: Even Federal Housing Minister Robertson intervention Kitija. [00:11:24] Speaker B: Robertson Federal Housing and Infrastructure Minister. [00:11:32] Speaker A: So Spencer Chandra Herbert Tourism Minister of Indigenous Relations and Reconciliation Tourism so Anne Kangs had a post Secondary Education Minister so Anne Kangnu moved Kartaga Minister of Tourism Minister of State for Trade Parliamentary Secretary the Minister of State for AI and new technologies. [00:12:38] Speaker B: Anti racism initiatives Post secondary and future skills already mental health and addictions Parliamentary Secretary. [00:13:00] Speaker A: So basically Parliamentary secretary. [00:13:08] Speaker B: Infrastructure yes yes Is housing Foreign investors Foreign buyer tax Ik property limit Lagai Janiya J Koi Foreign buyer Though properties Saudi Arabia Jihakar Sagadai controlled foreign investment Vastira Builders no overall projects Capital access Karna foreign Easy controlled environment Foreign investment Real estate market. [00:14:28] Speaker A: Yeah, real estate market Canadian home buyers Foreign investor Own foreign investor Kada property practically socially foreign investment Federal Housing Minister Real estate market Housing supply First time home Buyers intervention We are looking at tools and actions we can take federally to kick start the real estate marketed. Got to look at how to best support and intervene where needed. So intervention. But the question on the table is do we need to go further and faster to get the market going? Build Canada program suggestions Real estate industry so municipal taxes Real estate stock Federal Sarkar can you see affordable housing with Oniya social housing the which Federal Sarkara stock Banaya provincial level domestic investment restrictions e.g. vacancy tax, speculation tax domestic invest. [00:18:12] Speaker B: And especially real estate market Foreign investors Toronto the condo market they collapse down trend rental restrictions at least source of income. [00:18:58] Speaker A: Properties foreign buyers investors We Canadians housing supply, builders, developers. [00:19:54] Speaker B: Capitalist country. [00:19:55] Speaker A: Yeah, exactly. [00:19:56] Speaker B: Is not a bad word. [00:20:04] Speaker A: We're just talking practical. [00:20:06] Speaker B: Exactly. [00:20:08] Speaker A: Housing supply. [00:20:18] Speaker B: This is not lost on anyone. [00:20:53] Speaker A: Yes, decriminalization Canada wide 30% condo starts overall Toronto condo sales they are at a 30 year low. [00:21:40] Speaker B: Yeah yeah. [00:21:41] Speaker A: So situation is. It's pretty grim. Definitely addressing housing. [00:21:50] Speaker B: And let's not forget property transfer tax building community real estate sector related jobs important source of revenue Real estate market improvement that's why Toronto and Vancouver are most affected. [00:23:25] Speaker A: Municipal bylaws. [00:23:46] Speaker B: Ultimately real estate sector internal trade barriers Trained trades persons because of the removal of internal trade barriers up to 30,000 extra homes. [00:24:19] Speaker A: Yeah. So 30,000. The additional housing starts. [00:24:42] Speaker B: 56% of the intended goal. [00:25:00] Speaker A: 4.8 million. 4.8 million. Sorry. [00:25:13] Speaker B: 4.8 million. [00:25:18] Speaker A: Average 4.8 million. [00:25:32] Speaker B: Affordability. Yeah. [00:25:37] Speaker A: So CMHC estimates internal trade barriers Internal trade values Joe Professors Internal trade barriers economic activity supply will eventually catch up in the coming years west to east transport corridors domestic construction materials Housing starts for them that's the bigger question. [00:28:30] Speaker B: Every year Residential units across the country deficit. [00:28:53] Speaker A: Economic uncertainty build profit generate as a trading commodities Even genuine home buyers immigration targets PR the targets. Exactly correct. So onadi jansankya iswell 7.1% of total population. [00:31:20] Speaker B: Bank of Canada up to 60%. [00:31:36] Speaker A: Sorry, 60% they will end up paying more mortgages. [00:31:44] Speaker B: So joke is mortgage renew 60% of them will have to contend with that payment Mortgage payment Canada in many cases then that is. You're looking at about $1,000 a month. Yeah. Builders the ultimate buyer Kabrawali and the Naya Donald Trump. [00:33:10] Speaker A: Builders no incentive low cost loans Builders will build. They will build. That's how market operates. Ultimately maybe, but price correction Oxford economics We are already in a recession. Price correction sharp price correction Housing sales so already so give up Karla prices Housing supply Assume housing supply then all smile Housing supply Housing supply. [00:34:30] Speaker B: And yes builders incentivize incentive factors Novi stabilize the. [00:34:46] Speaker A: Stability. [00:35:03] Speaker B: American dairy farmers properly exist American producers Dairy producers Negotiations in New Zealand challenge Canadian dairy sector There is a supply management system Trade agreement CPTPP Comprehensive and progressive agreement for Trans Pacific Partnership so more than three years ago Canadian dairy tariff rate quotas. [00:36:11] Speaker A: International Trade Minister Agriculture Minister Heath Macdonald New Zealand Canada which car mutually satisfactory resolution New Zealand One of the Trade Minister New Zealand Exporters exporters they are now guaranteed better access to Canadian market Canada commercially meaningful changes Technical policy changes According to CPTPP we remain committed to maintaining protecting and defending supply management and standing up for dairy farmers and the industry. [00:37:11] Speaker B: The Parliament reconvene the very first bill Supply management sector Dairy poultry. [00:37:42] Speaker A: Sector Supply management system to protect Donald Trump the Americans Yes Donald Trump Supply management system Agreement New Zealand Agreement. [00:39:06] Speaker B: Wall Street Journal article Jeffrey Epstein There is more to life than this, you know. Let the secrets keep going. Something like that. Social post. [00:39:52] Speaker A: I don't draw pictures. [00:40:03] Speaker B: Postcards. We are trumpet. [00:40:25] Speaker A: In fact social media conspiracy theories. So White House. So White House. Chronic venous insufficiency can be diagnosed. So deoxygenated blood so gravity towards heart. Chronic venous insufficiency Deep vein thrombosis indicator Saithya Levitt Donald Trump So can they be heart stroke. Especially in people who are older than 70 years old. [00:43:01] Speaker B: Old. [00:43:07] Speaker A: He's fine. Health Bulletin. Health Bulletin. Chronic venous insufficiency. [00:44:06] Speaker B: Towards the heart Antigravity. By the way, Brazil. [00:44:57] Speaker A: Foreign. [00:45:23] Speaker B: Doctor Dr. Vema. [00:45:34] Speaker A: Sure. [00:45:52] Speaker B: Shamnutu and Nusunangi. You have a very nice weekend. [00:45:55] Speaker A: Thank you. [00:45:55] Speaker B: Shami Satano Shambala show Vasukumar Dinal only on Connect fm. [00:45:59] Speaker A: Thank you. Vijay.