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B.C. government’s $2 billion building plan won’t solve Vancouver’s housing affordability crisis
The Horgan government plans to build 9,000 housing units for middle-income earners. ...
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2021 budgets establish uncertain future for government finances in Canada
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22. ...
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Ford budget could represent turning point in Ontario fiscal history
Within two fiscal years of Chretien's 1995 budget, federal finances had moved from large deficits to surpluses. ...
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Ontario’s combined government debt exceeds 100% of GDP
By 2020/21, the provincial net debt equaled $27,010 per Ontarian. ...
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Kenney government must learn from Alberta’s fiscal freefall
Both B.C. and Saskatchewan now carry less per-person provincial government debt than Alberta. ...
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What a difference a decade can make—southwestern Ontario’s sobering lesson for Alberta
At the start of this century, southwestern Ontario was among the most prosperous regions in Canada. With a strong manufacturing sector, there were plenty of good high-paying jobs. In the following years, the regional economy was battered ...
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Another credit downgrade highlights urgent need for spending reform in Alberta
The Government of Alberta’s credit rating was recently downgraded for the third time since December. The ratings agency, Fitch, noted that “ additional policy responses ” will be required to right the province’s finances. Credit ...
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Albertans can’t bet on another ride on the resource revenue roller-coaster
Alberta governments have a history of spending as though the good times would never end. When oil prices decline, politicians develop a sudden interest in getting off the “resource revenue roller-coaster.” Unfortunately, Alberta ...
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Perverse incentives may help erode housing affordability
Rising incomes and low interest rates have generated tremendous demand for housing across the country. ...
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Calgary making tough tax decisions other cities aren’t
Before the spread of COVID-19, Calgary was already struggling with another kind of acute problem—a municipal budget crisis. The energy industry’s half-decade-long downturn has led to soaring commercial space vacancies in the downtown core ...