Insufficient supply relative to demand means fewer homes available to renters and buyers alike.
The provincial budget forecasts a large increase in debt over the next few years relative to the size of the economy.
Without accompanying business investment, an increased labour supply will lead to lower per-capita income growth.
An aging population means more spending on health care and income support for older people.
In all four Atlantic provinces, workers at the national average income level must earn more than $152 to boost their after-tax income by $100.
Despite years of criticizing its predecessors for reckless spending, the Ford government has followed a similar fiscal path.
Government workers in the province enjoy higher wages and benefits compared to similar private-sector workers.
Ontario’s net debt increased from $373.6 billion in 2020/21 to $380.4 billion in 2021/22.
The province holds $380.4 billion in debt—or nearly $26,000 per Ontarian.
The province eliminated its rainy-day account in 2007/08.
Subscribe to the Fraser Institute
Get the latest news from the Fraser Institute on the latest research studies, news and events.