The Government Has Made Billions from this PONZI

Thanks for shining a light on the unacceptable level of taxation in this country. From Vancouver

The taxes in this country are just ridiculous; people will be leaving.

The price of these properties should drop more and more, the youngsters can't afford and leave the country, by that time, Canada will be doomed.

Govts, Banks, Lawyers, Money Launderers, Speculators, Builders, Developers, mortgage agents, Greedy Realtors, —there is a long list of people who were part of the food chain, with ordinary citizens at the bottom.

the ticking time bomb in my humble opinion is municipal property taxes. As cities get squeezed and run deficits, property taxes will have to go up considerably. We've already witnessed what's eventually going to come from the likes of Toronto and the rate increases and subsequent public backlash to double digit increases. Of course the elected politicians will try and back pedal but property tax hikes have been suppressed for many years and that cork will eventually be popped. IMO

Bubble is bubbling 🍿

My Dad paid 10% of his income into the CPP program for 60 years and the government invested that money for those decades, making millions. They now give my Dad $1700 per month, which is not even enough for him to rent an apartment. When I read the title, I thought you would be talking about the CPP ponzi scheme.

wow I think you uncovered the real reason why we aren't seeing home prices going down. Thank you for this amazing discovery. Because if the municipal, provincial, and federal governments wanted that, it could easily be done.

Thank you Mr. Flynn. Great information. God bless you.

Renaming Dundas Street and Dundas Square isn't cheap (Toronto) Something a conservative mayor wouldn't do.

The 2nd leg down! This RE shit show is imploding at last.

Land transfer tax should be a nominal flat fee.

"Imagine that honey, the property appraisers and assesors told us our house is now worth $1M. We're millionaires now". Meanwhile taxman is giddy!

Calgary is the only honest tax, simply a fee as it should be. When did governments forget they are fee for service?

Big challenge in certain groups foreign or new Canadian ownership buying up large tracks of property along main lines across Canada ie GTA Yonge St north, but it’s a free market. The taxes are a killer, and a pure cash grab.

similarly as transfer tax, the property taxes are going up making home ownership more and more distant for many. Great video - thank you for presenting the data.

"You hustle, you deal, you steal from us all" Money Talks , AC/DC

London Free press made a article about housing market down million dollar homes 1.8 to 1.3-1.4. medium from 761,000 to 674,000

As an Ontarian it sucks here. Life is too expensive, people are miserable and its overpopulated. As someone who values peace and quiet its becoming rare to find here. I think its time to look for greener pastures.

I think it's misleading to compare cities on taxes only because the basket of services changes from one to another. Just if we compare Montreal vs Calgary. Calgary has lower property taxes than Montreal, however, in Calgary, you have to shovel your own sidewalk and you have to pay a company for water/sewer usage and garbage collection. In Montreal, all that is included in your property taxes. You also have to pay a franchise fee for electricity and natural gas in Calgary, not in Montreal. So yes Calgary has lower taxes, but almost everything is privatized and you have to pay bills to different providers, versus Montreal where many services are provided by the city through taxes.