Moore in the Morning Hour 2 Amanda Lang discusses Ontario's record setting mortgage delinquencies, Canada's unemployment rate, and tariffs. Economist Mike Moffatt from the Missing Middle Initiative discusses a report which argues that Provinces ‘hold the key’ to unlocking homebuilding. Free for All Round 1.
May 30, 2025
Ontario is facing record-high mortgage delinquencies as financial stress mounts, revealing a shift in priorities among homeowners. Rising unemployment and tariff challenges add to the economic tension, urging provinces to take action on housing reform. The alarming rise in youth violence is explored, with social media and mental health issues identified as major contributors. Controversy surrounds increased salaries for MPPs, sparking debates about political accountability amidst economic struggles.
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Trump Tariff Legal Battle
- US courts are divided on Trump's tariff authority, causing temporary pauses and resumptions.
- Tariffs are seen mainly as negotiation tools, with Congress potentially limiting presidential power.
Provinces Key to Homebuilding
- Provinces hold key power to accelerate homebuilding more than federal or municipal governments.
- Ontario lags on legalizing density, quick approvals, and development charges, prompting new reforms.
Education Minister's Power Concerns
- Concentrating power in one Education Minister for school boards risks removing objectivity and due process.
- There is concern over potential elimination of equity supports and lack of transparent oversight.