1. The document outlines several issues facing municipal and local governments, including taxation shortfalls due to the pandemic, rising operational expenses, broken arbitration systems, inadequate infrastructure funding, and housing affordability issues.
2. It calls for reforms to public sector compensation and more emphasis on economic development and innovation to address these challenges.
3. The author provides additional resources on topics like crisis management, public safety, and training opportunities to learn more about addressing government issues.
This presentation looks at different aspects of government including taxation and the delivery of social programs. COVID19 told the world many things including how government needs to change on how it operates.
Government Policies and Issues - Municipalities and Cities - Canada - June 2017paul young cpa, cga
This presentation looks at the issues facing municipal and local governments across Canada. The focus is on infrastructure, public safety and other services delivered by local government.
Housing and Homelessness| Canada and the World| July 2021paul young cpa, cga
1. Canada homelessness- Tim Richter, the president and CEO of the Canadian Alliance to End Homelessness, said this five per cent translates to 1.6 million Canadians, a higher number than he’s seen previously. - https://www.ctvnews.ca/canada/canada-s-rate-of-homelessness-may-be-higher-than-reported-nanos-survey-1.5060801
2. Women in poverty - https://canadianwomen.org/the-facts/womens-poverty/
3. Welfare - https://maytree.com/media-releases/welfare-in-canada-updated-with-2019-numbers/
4. Inflation - https://www.advisor.ca/news/industry-news/tolerating-inflation-aids-hardest-hit-households/
5. House poor - https://financialpost.com/executive/posthaste-4
6. Insolvent - https://globalnews.ca/news/8033553/debt-pandemic-canada-mnp-survey/ or https://www.ipsos.com/en-ca/news-polls/half-48-canadians-are-less-200-away-monthly-being-financially-insolvent
7. Consumer debt - https://mnpdebt.ca/en/resources/mnp-consumer-debt-index
8. For the seventh consecutive month, health care and social assistance had the largest number of job vacancies (107,300) in May, representing nearly one-sixth of all job vacancies in Canada. Accommodation and food services (78,000) and retail trade (73,800) had the second- and third-highest number of job vacancies https://www.slideshare.net/paulyoungcga/wages-and-job-vacancies-job-quality-canada-june-2021-249884302
9. Poverty rate - https://www150.statcan.gc.ca/n1/daily-quotidien/210323/dq210323a-eng.htm - Poverty has been declining for years. 2020 seen the pandemic which means more and more Cdns were faces with loss of income. https://www.straight.com/finance/canadas-poor-report-says-37-million-or-10-percent-of-population-live-below-poverty-line
10. Energy poverty - https://torontosun.com/opinion/columnists/goldstein-trudeaus-second-carbon-tax-will-increase-energy-poverty-report
This presentation looks at different aspects of government including taxation and the delivery of social programs. COVID19 told the world many things including how government needs to change on how it operates.
Government Policies and Issues - Municipalities and Cities - Canada - June 2017paul young cpa, cga
This presentation looks at the issues facing municipal and local governments across Canada. The focus is on infrastructure, public safety and other services delivered by local government.
Housing and Homelessness| Canada and the World| July 2021paul young cpa, cga
1. Canada homelessness- Tim Richter, the president and CEO of the Canadian Alliance to End Homelessness, said this five per cent translates to 1.6 million Canadians, a higher number than he’s seen previously. - https://www.ctvnews.ca/canada/canada-s-rate-of-homelessness-may-be-higher-than-reported-nanos-survey-1.5060801
2. Women in poverty - https://canadianwomen.org/the-facts/womens-poverty/
3. Welfare - https://maytree.com/media-releases/welfare-in-canada-updated-with-2019-numbers/
4. Inflation - https://www.advisor.ca/news/industry-news/tolerating-inflation-aids-hardest-hit-households/
5. House poor - https://financialpost.com/executive/posthaste-4
6. Insolvent - https://globalnews.ca/news/8033553/debt-pandemic-canada-mnp-survey/ or https://www.ipsos.com/en-ca/news-polls/half-48-canadians-are-less-200-away-monthly-being-financially-insolvent
7. Consumer debt - https://mnpdebt.ca/en/resources/mnp-consumer-debt-index
8. For the seventh consecutive month, health care and social assistance had the largest number of job vacancies (107,300) in May, representing nearly one-sixth of all job vacancies in Canada. Accommodation and food services (78,000) and retail trade (73,800) had the second- and third-highest number of job vacancies https://www.slideshare.net/paulyoungcga/wages-and-job-vacancies-job-quality-canada-june-2021-249884302
9. Poverty rate - https://www150.statcan.gc.ca/n1/daily-quotidien/210323/dq210323a-eng.htm - Poverty has been declining for years. 2020 seen the pandemic which means more and more Cdns were faces with loss of income. https://www.straight.com/finance/canadas-poor-report-says-37-million-or-10-percent-of-population-live-below-poverty-line
10. Energy poverty - https://torontosun.com/opinion/columnists/goldstein-trudeaus-second-carbon-tax-will-increase-energy-poverty-report
On a seasonally adjusted basis, sales in the food service and drinking places subsector were up (+20.3%) in June 2021 compared with the previous month, as restrictions related to the COVID-19 pandemic eased throughout the country. Receipts totalled $5.4 billion, reaching their highest level since the beginning of the pandemic. Full-service restaurants (+53.2%), drinking places (+82.3%), limited-service restaurants (+2.2%) and special food services (+9.1%) all saw increased sales.
Eight of the provinces reported higher sales, with the largest increases in dollar terms being in Ontario (+18.9%), Quebec (+31.9%), Alberta (+26.1%) and British Columbia (+16.2%). Nova Scotia also had a large increase in sales (+28.0%), following a sharp decline the previous month because of restrictions on dining in restaurants. Sales declined in Prince Edward Island (-2.4%) and Newfoundland (-0.5%), as these provinces eased some interprovincial travel restrictions later in the month.
https://www150.statcan.gc.ca/n1/daily-quotidien/210824/dq210824g-eng.htm
1. Debt issues - https://www.restaurantscanada.org/industry-news/restaurants-need-sector-specific-support-to-survive-devastating-pandemic-debt/
2. Tourism - https://financialpost.com/executive/posthaste-as-canada-welcomes-back-americans-our-late-summer-tourism-boom-could-be-disrupted-by-delta-and-labour-shortages
3. Hotel - https://www.hotelmanagement.net/operate/hospitality-industry-moves-post-pandemic-recovery-mode
4. Insurance - https://www.insurancebusinessmag.com/ca/news/commercial-liability/rising-insurance-costs-are-a-challenge-for-canadas-small-businesses--report-302087.aspx
5. Carbon tax - https://www.pwc.com/us/en/services/tax/library/carbon-taxes-and-international-trade-what-are-the-key-issues.html
6. Staffing - https://www.cambridgechamber.com/blogs/smes-continued-to-be-plagued-by-staffing-shortages.htm
7. Travel - https://www.forbes.com/sites/suzannerowankelleher/2021/08/14/canada-issues-vaccination-mandate-for-air-train-and-cruise-ship-passengers/?sh=317ad7e57618
8. Business travel - https://www2.deloitte.com/us/en/insights/focus/transportation/future-of-business-travel-post-covid.html?id=us:2ps:3gl:di7303:rbt:pm:080321:ad3:kwd-14005870:business%20travel&gclid=CjwKCAjw1JeJBhB9EiwAV612y_5Kw5gRzIeH49dYFyCOYYTrXeh9KAF7xrjN9HjYm8VBp7gvWr5F-hoCQjgQAvD_BwE
9. Zero-waste - https://www.restobiz.ca/canadian-bars-lead-the-way-in-zero-waste-month/
10. Waste - https://vancouversun.com/life/plastic-not-so-fantastic
11. ESG - https://www.bdo.ca/en-ca/insights/assurance-accounting/climate-change-business-reporting/
Affordable Housing and Homelessness - Canada and the Worldpaul young cpa, cga
Summary:
Average housing price in Canada is close to 800K.
Mortgage debt continues to increase at a faster pace than inflation
People continue to invest into their homes - https://www.furnituretoday.com/research-and-analysis/houzz-report-gives-outlook-on-q1-2022-home-renovation-design/
Construction prices continue to rise - https://ontarioconstructionnews.com/construction-industry-facing-perfect-storm-of-rising-costs-altus-group/
1. Housing affordability - https://www.mondaq.com/canada/real-estate/1161462/ontario39s-housing-affordability-task-force-urges-major-reforms-to-approvals-process-for-residential-development
2. Construction costs - https://www.marketwatch.com/investing/index/djuscn?countrycode=xx
3. Household debt - https://www.creditcanada.com/blog/state-of-canadian-household-debt
4. Housing bubble - https://survivingtomorrow.org/canadas-real-estate-market-is-a-giant-pyramid-scheme-832ea0364c68
5. Urban - https://building.ca/rural-population-growth-concentrated-near-urban-centres/
6. Housing innovation - https://www.archdaily.com/963686/the-same-technology-that-will-allow-us-to-address-housing-challenges-on-earth-will-allow-us-to-venture-off-to-space-interview-with-jason-ballard-of-icon
7. Property tax - https://blackburnnews.com/midwestern-ontario/midwestern-ontario-news/2022/02/15/owen-sound-residents-face-tax-increase/
8. Mortgage - https://www.bloombergquint.com/onweb/canadians-pile-into-mortgage-debt-at-fastest-pace-in-a-decade
9. Millennials - https://fortune.com/2022/02/09/millennials-feel-screwed-housing-market-majority-have-major-regrets/
10. Insurance - https://www.bankrate.com/insurance/homeowners-insurance/homeowners-insurance-cost/
2019 Election - What Party has the path that is best forward for Canadians? paul young cpa, cga
This presentation discusses key policy areas including a comparison between 2015 and Liberal Government record. The rankings used can vary a little due to timing of the rankings.
Liberals changed many policies over the years, but very few times does either MSM or social media call out their failures
Trudeau and his team constantly provide data that is neither supported nor completely accurate
Harper was not perfect in terms of his policy, but he was very successful as he faced numerous challenges, i.e. global recession, minority parliament, hostile premiers (i.e. PQ and ON) - https://www.slideshare.net/paulyoungcga/cpc-and-stephen-harper-years-as-prime-minister
This presentation discuss the real estate market for Canada including mortgage rates, housing starts, housing prices, government policies, household spending, wage growth and average housing prices
Infrastructure is aging not just in Canada, but around the world
There are systemic issues with municipalities that are putting strains on their budget like labor cost
Transit projects are heavily subsidized
Only $10B was allocated to support exports.
Government has talked about selling off airports and ports
Liberals are playing games as part of setting up for a new mandate.
Government has a role to provide social programs to its people.
Social programs need to be properly funded and deliver in accordance with value for money
It is nice to provide free things for people, but it not free if someone else is paying for it
There are failures of socialism around the world like Cuba or Venezuela
Here is my latest report on the Justin Trudeau governance model
1. Housing affordability - https://betterdwelling.com/bank-of-canada-quietly-updates-real-estate-affordability-data-to-the-worst-in-13-years/
2. Wealth inequality https://thoughtleadership.rbc.com/unleashing-opportunity-the-economic-gains-in-narrowing-canadas-racial-wealth-gap/
3. Supply Chain and Trucking - https://globalnews.ca/news/8502920/covid-trucking-vaccine-mandate-impact/
4. Pandemic benefits - https://www.thestar.com/opinion/contributors/2022/01/10/cerb-harmed-the-people-it-was-meant-to-help-lets-learn-our-lesson-with-the-canada-worker-lockdown-benefit.html
5. Border safety - https://www.hilltimes.com/2022/01/12/its-time-for-a-serious-rethink-on-canadas-border-strategy/337095
6. Immigration - https://www.canada.ca/en/immigration-refugees-citizenship/news/2021/12/canada-welcomes-the-most-immigrants-in-a-single-year-in-its-history.html
7. Output of natural resources is up compared to previous quarter. Much of the gain is due to both higher commodity prices and more demand for oil - https://www150.statcan.gc.ca/n1/daily-quotidien/220114/dq220114a-eng.htm
8. China still dominates the solar sector - https://www.investorsobserver.com/news/stock-update/is-canadian-solar-inc-csiq-a-winner-in-the-solar-industry-4
9. Canada is over 80% of its energy sources from clean. Natural gas is about 10%. So, the remaining 10% is linked to diesel and other foster fuels. So, how is the government going to handle load factors for remote communities - https://www.cbc.ca/news/politics/iea-report-canada-net-zero-1.6313190
10. Green inflation - https://www.reuters.com/business/environment/canadas-shift-net-zero-emissions-likely-drive-higher-inflation-2022-01-13/
11. Lithium - https://www.bloomberg.com/news/articles/2022-01-12/supply-squeeze-risks-are-pushing-lithium-higher-and-higher
12. Mobile hospitals - https://www.trendsmap.com/twitter/tweet/1482101233410363392
Wynne refuses to look at all aspects of housing including modernizing the greenbelt act - https://www.thestar.com/news/queenspark/2017/03/29/greenbelt-wont-be-loosened-to-ease-housing-prices-says-wynne.html
Rural Ontario has been hit hard with electrical policies of Wynne - http://nationalpost.com/news/canada/portrait-of-five-ontario-hydro-bills-how-a-rural-couple-pays-500-a-month-and-toronto-brothers-pay-100
Greenbelt – CPC - http://toronto.citynews.ca/2018/04/30/doug-ford-says-open-greenbelt-development/
Wynne did make changes to Municipal Planning Board - https://www.fraserinstitute.org/blogs/more-power-for-ontario-municipalities-means-more-responsibility-to-build-housing
This presentation looks at key areas that need to be transformed as part of delivery program spending as well as addressing tax fairness. The presentation focuses on Canada. Many areas that are impacting Canada are also impacting other countries
This presentation looks at key areas of policy as part of looking a how best to deliver tax fairness along with value for money for all program spending.
Hamilton, Ontario is facing many challenges:
Housing supply / Costs
Attracting the next generation of jobs
Vacant property
Economic Development
Cost of Transit
Public Safety
Infrastructure
Living wage has gone up to over $35K
Affordable Housing, Household Debt, and Homelessness - Canada and the World -...paul young cpa, cga
Summary
Real estate will continue to see a market correction on prices. Many houses are overpriced by at least 50%.
All governments need to come up with more effective land-use policies including forest, water, and land management.
Rising interest rates will continue to put stress on household budgets
Cost of housing along with high level of consumer debt are putting the global economy at risk.
1. Housing affordability - https://betterdwelling.com/canadian-housing-affordability-is-the-worst-in-30-years-prices-to-flatten-rbc/
2. Global household debt - https://www.intheblack.com/articles/2021/10/01/how-will-debt-affect-economic-future
3. USA consumer debt - https://www.thebalance.com/consumer-debt-statistics-causes-and-impact-3305704
4. Urban planning - https://www.globalconstructionreview.com/intelligent-city-opens-first-robotic-urban-housing-factory-in-vancouver/
5. Housing solutions - https://za.pinterest.com/moladiFormwork/alternative-building-technologies-abt/
6. Permits / USA - https://ca.news.yahoo.com/u-housing-starts-fell-last-123941194.html
7. 3D print housing - https://www.mentalfloss.com/article/535220/these-10000-concrete-homes-are-3d-printed-less-24-hours
8. Habitat housing - https://windsor.ctvnews.ca/made-in-windsor-when-will-we-see-canada-s-first-3d-printed-residential-homes-1.5623027
9. Toronto - https://precondo.ca/toronto-housing-crisis/
10. https://blogs.imf.org/2021/10/18/housing-prices-continue-to-soar-in-many-countries-around-the-world/
On a seasonally adjusted basis, sales in the food service and drinking places subsector were up (+20.3%) in June 2021 compared with the previous month, as restrictions related to the COVID-19 pandemic eased throughout the country. Receipts totalled $5.4 billion, reaching their highest level since the beginning of the pandemic. Full-service restaurants (+53.2%), drinking places (+82.3%), limited-service restaurants (+2.2%) and special food services (+9.1%) all saw increased sales.
Eight of the provinces reported higher sales, with the largest increases in dollar terms being in Ontario (+18.9%), Quebec (+31.9%), Alberta (+26.1%) and British Columbia (+16.2%). Nova Scotia also had a large increase in sales (+28.0%), following a sharp decline the previous month because of restrictions on dining in restaurants. Sales declined in Prince Edward Island (-2.4%) and Newfoundland (-0.5%), as these provinces eased some interprovincial travel restrictions later in the month.
https://www150.statcan.gc.ca/n1/daily-quotidien/210824/dq210824g-eng.htm
1. Debt issues - https://www.restaurantscanada.org/industry-news/restaurants-need-sector-specific-support-to-survive-devastating-pandemic-debt/
2. Tourism - https://financialpost.com/executive/posthaste-as-canada-welcomes-back-americans-our-late-summer-tourism-boom-could-be-disrupted-by-delta-and-labour-shortages
3. Hotel - https://www.hotelmanagement.net/operate/hospitality-industry-moves-post-pandemic-recovery-mode
4. Insurance - https://www.insurancebusinessmag.com/ca/news/commercial-liability/rising-insurance-costs-are-a-challenge-for-canadas-small-businesses--report-302087.aspx
5. Carbon tax - https://www.pwc.com/us/en/services/tax/library/carbon-taxes-and-international-trade-what-are-the-key-issues.html
6. Staffing - https://www.cambridgechamber.com/blogs/smes-continued-to-be-plagued-by-staffing-shortages.htm
7. Travel - https://www.forbes.com/sites/suzannerowankelleher/2021/08/14/canada-issues-vaccination-mandate-for-air-train-and-cruise-ship-passengers/?sh=317ad7e57618
8. Business travel - https://www2.deloitte.com/us/en/insights/focus/transportation/future-of-business-travel-post-covid.html?id=us:2ps:3gl:di7303:rbt:pm:080321:ad3:kwd-14005870:business%20travel&gclid=CjwKCAjw1JeJBhB9EiwAV612y_5Kw5gRzIeH49dYFyCOYYTrXeh9KAF7xrjN9HjYm8VBp7gvWr5F-hoCQjgQAvD_BwE
9. Zero-waste - https://www.restobiz.ca/canadian-bars-lead-the-way-in-zero-waste-month/
10. Waste - https://vancouversun.com/life/plastic-not-so-fantastic
11. ESG - https://www.bdo.ca/en-ca/insights/assurance-accounting/climate-change-business-reporting/
Affordable Housing and Homelessness - Canada and the Worldpaul young cpa, cga
Summary:
Average housing price in Canada is close to 800K.
Mortgage debt continues to increase at a faster pace than inflation
People continue to invest into their homes - https://www.furnituretoday.com/research-and-analysis/houzz-report-gives-outlook-on-q1-2022-home-renovation-design/
Construction prices continue to rise - https://ontarioconstructionnews.com/construction-industry-facing-perfect-storm-of-rising-costs-altus-group/
1. Housing affordability - https://www.mondaq.com/canada/real-estate/1161462/ontario39s-housing-affordability-task-force-urges-major-reforms-to-approvals-process-for-residential-development
2. Construction costs - https://www.marketwatch.com/investing/index/djuscn?countrycode=xx
3. Household debt - https://www.creditcanada.com/blog/state-of-canadian-household-debt
4. Housing bubble - https://survivingtomorrow.org/canadas-real-estate-market-is-a-giant-pyramid-scheme-832ea0364c68
5. Urban - https://building.ca/rural-population-growth-concentrated-near-urban-centres/
6. Housing innovation - https://www.archdaily.com/963686/the-same-technology-that-will-allow-us-to-address-housing-challenges-on-earth-will-allow-us-to-venture-off-to-space-interview-with-jason-ballard-of-icon
7. Property tax - https://blackburnnews.com/midwestern-ontario/midwestern-ontario-news/2022/02/15/owen-sound-residents-face-tax-increase/
8. Mortgage - https://www.bloombergquint.com/onweb/canadians-pile-into-mortgage-debt-at-fastest-pace-in-a-decade
9. Millennials - https://fortune.com/2022/02/09/millennials-feel-screwed-housing-market-majority-have-major-regrets/
10. Insurance - https://www.bankrate.com/insurance/homeowners-insurance/homeowners-insurance-cost/
2019 Election - What Party has the path that is best forward for Canadians? paul young cpa, cga
This presentation discusses key policy areas including a comparison between 2015 and Liberal Government record. The rankings used can vary a little due to timing of the rankings.
Liberals changed many policies over the years, but very few times does either MSM or social media call out their failures
Trudeau and his team constantly provide data that is neither supported nor completely accurate
Harper was not perfect in terms of his policy, but he was very successful as he faced numerous challenges, i.e. global recession, minority parliament, hostile premiers (i.e. PQ and ON) - https://www.slideshare.net/paulyoungcga/cpc-and-stephen-harper-years-as-prime-minister
This presentation discuss the real estate market for Canada including mortgage rates, housing starts, housing prices, government policies, household spending, wage growth and average housing prices
Infrastructure is aging not just in Canada, but around the world
There are systemic issues with municipalities that are putting strains on their budget like labor cost
Transit projects are heavily subsidized
Only $10B was allocated to support exports.
Government has talked about selling off airports and ports
Liberals are playing games as part of setting up for a new mandate.
Government has a role to provide social programs to its people.
Social programs need to be properly funded and deliver in accordance with value for money
It is nice to provide free things for people, but it not free if someone else is paying for it
There are failures of socialism around the world like Cuba or Venezuela
Here is my latest report on the Justin Trudeau governance model
1. Housing affordability - https://betterdwelling.com/bank-of-canada-quietly-updates-real-estate-affordability-data-to-the-worst-in-13-years/
2. Wealth inequality https://thoughtleadership.rbc.com/unleashing-opportunity-the-economic-gains-in-narrowing-canadas-racial-wealth-gap/
3. Supply Chain and Trucking - https://globalnews.ca/news/8502920/covid-trucking-vaccine-mandate-impact/
4. Pandemic benefits - https://www.thestar.com/opinion/contributors/2022/01/10/cerb-harmed-the-people-it-was-meant-to-help-lets-learn-our-lesson-with-the-canada-worker-lockdown-benefit.html
5. Border safety - https://www.hilltimes.com/2022/01/12/its-time-for-a-serious-rethink-on-canadas-border-strategy/337095
6. Immigration - https://www.canada.ca/en/immigration-refugees-citizenship/news/2021/12/canada-welcomes-the-most-immigrants-in-a-single-year-in-its-history.html
7. Output of natural resources is up compared to previous quarter. Much of the gain is due to both higher commodity prices and more demand for oil - https://www150.statcan.gc.ca/n1/daily-quotidien/220114/dq220114a-eng.htm
8. China still dominates the solar sector - https://www.investorsobserver.com/news/stock-update/is-canadian-solar-inc-csiq-a-winner-in-the-solar-industry-4
9. Canada is over 80% of its energy sources from clean. Natural gas is about 10%. So, the remaining 10% is linked to diesel and other foster fuels. So, how is the government going to handle load factors for remote communities - https://www.cbc.ca/news/politics/iea-report-canada-net-zero-1.6313190
10. Green inflation - https://www.reuters.com/business/environment/canadas-shift-net-zero-emissions-likely-drive-higher-inflation-2022-01-13/
11. Lithium - https://www.bloomberg.com/news/articles/2022-01-12/supply-squeeze-risks-are-pushing-lithium-higher-and-higher
12. Mobile hospitals - https://www.trendsmap.com/twitter/tweet/1482101233410363392
Wynne refuses to look at all aspects of housing including modernizing the greenbelt act - https://www.thestar.com/news/queenspark/2017/03/29/greenbelt-wont-be-loosened-to-ease-housing-prices-says-wynne.html
Rural Ontario has been hit hard with electrical policies of Wynne - http://nationalpost.com/news/canada/portrait-of-five-ontario-hydro-bills-how-a-rural-couple-pays-500-a-month-and-toronto-brothers-pay-100
Greenbelt – CPC - http://toronto.citynews.ca/2018/04/30/doug-ford-says-open-greenbelt-development/
Wynne did make changes to Municipal Planning Board - https://www.fraserinstitute.org/blogs/more-power-for-ontario-municipalities-means-more-responsibility-to-build-housing
This presentation looks at key areas that need to be transformed as part of delivery program spending as well as addressing tax fairness. The presentation focuses on Canada. Many areas that are impacting Canada are also impacting other countries
This presentation looks at key areas of policy as part of looking a how best to deliver tax fairness along with value for money for all program spending.
Hamilton, Ontario is facing many challenges:
Housing supply / Costs
Attracting the next generation of jobs
Vacant property
Economic Development
Cost of Transit
Public Safety
Infrastructure
Living wage has gone up to over $35K
Affordable Housing, Household Debt, and Homelessness - Canada and the World -...paul young cpa, cga
Summary
Real estate will continue to see a market correction on prices. Many houses are overpriced by at least 50%.
All governments need to come up with more effective land-use policies including forest, water, and land management.
Rising interest rates will continue to put stress on household budgets
Cost of housing along with high level of consumer debt are putting the global economy at risk.
1. Housing affordability - https://betterdwelling.com/canadian-housing-affordability-is-the-worst-in-30-years-prices-to-flatten-rbc/
2. Global household debt - https://www.intheblack.com/articles/2021/10/01/how-will-debt-affect-economic-future
3. USA consumer debt - https://www.thebalance.com/consumer-debt-statistics-causes-and-impact-3305704
4. Urban planning - https://www.globalconstructionreview.com/intelligent-city-opens-first-robotic-urban-housing-factory-in-vancouver/
5. Housing solutions - https://za.pinterest.com/moladiFormwork/alternative-building-technologies-abt/
6. Permits / USA - https://ca.news.yahoo.com/u-housing-starts-fell-last-123941194.html
7. 3D print housing - https://www.mentalfloss.com/article/535220/these-10000-concrete-homes-are-3d-printed-less-24-hours
8. Habitat housing - https://windsor.ctvnews.ca/made-in-windsor-when-will-we-see-canada-s-first-3d-printed-residential-homes-1.5623027
9. Toronto - https://precondo.ca/toronto-housing-crisis/
10. https://blogs.imf.org/2021/10/18/housing-prices-continue-to-soar-in-many-countries-around-the-world/
Government policies and issues - Municipalities and Cities - Canada paul young cpa, cga
This presentation will discuss the policies and issues facing municipalities and cities in Canada.
Municipalities are 3rd tier of government after provincial and federal government.
Construction is a key part of GDP for Canada. The key will be how all levels of government work with the private sector to support economic development and affordable housing.
1. Poverty has been declining for years - https://hamiltonpoverty.ca/preview/facts-about-poverty/
2. Halifax and affordable housing - https://www.cbc.ca/news/canada/nova-scotia/protest-halifax-cmhc-banc-joseph-howe-1.6161313
3. High price of housing in Hamilton - https://www.judymarsales.com/news/blog/hamilton-real-estate-market-conditions.aspx
4. Townhomes - https://www.theglobeandmail.com/real-estate/article-with-demand-high-builders-tweak-the-traditional-townhouse/
5. How to fix housing - https://www.bnnbloomberg.ca/here-are-5-ways-the-feds-could-fix-canada-s-housing-crisis-1.1648933
6. Commission - https://betterdwelling.com/canadian-real-estate-agents-are-discreetly-pushing-buyers-to-high-commission-listings/
7. Millennials - https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-no-one-is-saying-boomers-didnt-work-hard/
8. https://www.fool.ca/2021/09/05/canadas-housing-crisis-in-3-shocking-numbers/ - Population did not match the availability of housing
9. Rural areas - https://www.mcgill.ca/channels/channels/news/expert-involvement-rural-communities-crucial-canadas-recovery-333437
10. Housing Costs - https://www.nerdwallet.com/ca/mortgages/how-much-does-it-cost-to-build-a-house
11. Urban areas - https://www.blogto.com/real-estate-toronto/2021/09/small-ontario-city-home-prices-exploding/
12. Innovation - https://www.newswise.com/articles/ten-innovations-to-address-america-s-housing-affordability-crisis
13. Solutions - https://ssir.org/articles/entry/innovative_solutions_for_the_housing_crisis
14. 3D printing - https://all3dp.com/2/2019-best-companies-building-3d-printed-houses/
15. 3D Printing - https://constructionglobal.com/technology-and-ai/75-millennials-would-consider-3d-printed-homes
16. Zoning rules - https://www.reuters.com/legal/legalindustry/zoning-rules-create-affordability-economic-benefits-2021-08-27/
17. 3D printing - https://vancouversun.com/moneywise-pro/could-3d-printed-homes-solve-canadas-housing-supply-problem
Affordable Housing, Household Debt, and Homelessness - Canada and the World -...paul young cpa, cga
Summary
Real estate will continue to see a market correction on prices. Many houses are overpriced by at least 50%.
All governments need to come up with more effective land-use policies including forest, water, and land management.
The stress test for banks needs to be revisited
Rising interest rates will continue to put stress on household budgets
Building codes needs to change to better support 3D housing solutions
https://www.slideshare.net/paulyoungcga/affordable-housing-household-debt-and-homelessness-canada-and-the-world-may-2022pptx
Affordable Housing and Homelessness - Canada and the World - September 2022.pptxpaul young cpa, cga
Blog – Housing Costs and Affordability – Canada – September 2022
The average house rose in September 2022 as compared to August 2022.
Housing affordability continues to be a challenge for all levels of government
There has been a slight decrease in construction materials costs.
Housing starts are up. The problem still exists with supply due to zoning and labor issues
3D printing of housing continues to be adopted by municipalities across Canada and the globe
Great reset also likely will lead to revisiting commercial and industrial space to see how it can be converted either to businesses of today and tomorrow and affordable housing - https://www.canadianmanufacturing.com/features/empty-buildings-consume-more-energy-than-you-think/
Similar to How to reform local and municipal government (20)
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
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how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Municipal and Local Government
1. Taxation
2. Operational Expenses
3. Pandemic / COVI19 Impact
4. A need for Rural vs Urban Strategy
5. Broken Arbitration
6. Infrastructure
7. Housing
8. Public Safety / Policing
9. Public Safety / Firefighting
10. Summary
11. Training/Learning Development
6. Pandemic /
COVID19
1. City of Windsor shortfall “An administrative report shows $11.2-million in lost
revenue at the end of April.” -
https://www.iheartradio.ca/am800/news/pandemic-having-major-impact-on-
city-finances-1.12325586
2. City of Regina shortfall – “Regina city council has approved a plan to make up for
a $20.7-million shortfall projected by the end of September due to the COVID-19
pandemic.” - https://leaderpost.com/news/local-news/regina-city-council-
approves-plan-to-make-up-projected-20-7-million-shortfall/
3. FCM –” FCM’s data shows municipalities facing a minimum of $10-15 billion in
near-term, non-recoverable losses due to COVID-19. That figure includes
foregone property taxes, utility charges and user fees—including an estimated
$400 million each month from lost transit ridership alone. At the same time,
municipalities are taking unprecedented steps to support public health and
safety.” https://fcm.ca/en/news-media/news-release/covid-19-municipalities-
seek-emergency-funding
4. US federal government provided local/municipal government support- “The US
Congress recently allotted US$67.5 billion for direct support to municipalities in
its COVID-19 relief package. Some experts believe a commensurate package for
Canadian municipalities would be in the range of $10 billion. CUPE represents
almost 200,000 workers in the municipal sector who work in public transit,
sanitation, roads, water, planning, public health, child care, and more. Their
essential work touches the lives of Canadians every day. ” -
https://business.financialpost.com/pmn/press-releases-pmn/business-wire-
news-releases-pmn/local-governments-need-federal-help-now-says-canadas-
largest-union
7. Rural vs
Urban
Strategy
2019 Election – Municipal Affairs
This is all about economic opportunity. People
will select a community based on their career
objectives.
@justintrudea supports large urbanized areas
as that is his base
@andrewscheer was part of a govt that
provided allot of support to rural areas.
https://www.slideshare.net/paulyoungcga/201
9-election-rural-areas-and-affairs-canada
8. Broken
Arbitration
City of Mississauga Fire Fighters – https://www.mississauga.com/news-story/7382325-city-of-mississauga-and-firefighters-union-
prepping-for-arbitration-to-settle-labour-dispute/
City of Owen Sound Fire Fighters - http://www.owensoundsuntimes.com/2017/01/17/owen-sound-aims-to-stem-fire-costs
Stratford City Police covering St.Marys - https://www.ourperth.ca/news-story/7144384-repercussions-in-perth-south-discussed-
due-to-st-marys-swap-to-stratford-police/
OPP costs hurting Municipalities - http://www.torontosun.com/2014/02/21/ontario-municipalities-and-ontario-provincial-police-
face-rising-policing-costs
London Fire Fighters - http://globalnews.ca/news/3377263/firefighters-city-of-london-reach-tentative-contract-after-nearly-7-
year-dispute/
Espanola Police - http://www.thesudburystar.com/2016/12/01/espanola-considers-going-with-opp-service
Public Safety and Kathleen Wynne - http://www.cbc.ca/news/canada/toronto/police-services-act-reform-strategy-for-safer-
ontario-1.3969134
Brockville and OPP - http://www.recorder.ca/2016/09/15/brockville-police-service-lauded-as-costing-looms
Suspended Officers - http://www.cbc.ca/news/canada/toronto/sunshine-list-police-officers-suspended-with-pay-1.4053012
Paramedics and Fire Department - http://tvo.org/article/current-affairs/the-next-ontario/why-ontarios-paramedics-dont-want-
firefighters-performing-emergency-care
Paramedics - http://cfjctoday.com/article/557388/paramedics-call-same-bargaining-rights-police-and-fire
9. Broken
Arbitration
Summary:
The current arbitration system is not based on a city’s ability to pay, but what other
departments are getting in terms of raises and compensation. A good union lawyer will
will research how other departments are paid including salary increases and wages
Councilors have complained for years that system is broken, but have done little in
terms of requesting the government to fix the arbitration settlement
Many cities, towns, municipalities, etc. are now re-looking at how they contained their
public safety costs. Some cities are now looking at composite department (Full-Time
and Part-time) or re-configuring their stations or outsourcing to OPP or cutting back the
the # of patrols by the OPP in their area.
Public Sector employees in general make about 12% more than people in the private
sector. Many municipal governments are strapped for cash as such are making tough
decision on their public safety budgets in terms of cost containment.
Other Sources
Public Safety – https://www.slideshare.net/paulyoungcga/government-policies-public-
safety-canada-june-2017
Municipal - https://www.slideshare.net/paulyoungcga/government-policies-and-issues-
issues-municipalities-and-cities-canada-june-2017
10. Infrastructure
@justintrudeau said there would emphasis on
infrastructure through different funding like
the infrastructure bank. The problem is the
infrastructure bank has done little in terms of
getting projects off the ground.
@andrewscheer was part of a govt that set up
dedicated funding for infrastructure
https://www.slideshare.net/paulyoungcga/201
9-election-construction-and-business-
investment-canada-june-2019
11. Housing
It is time for all levels government to look at innovator solutions when it comes to building affordable
housing
https://www.slideshare.net/paulyoungcga/urban-and-rural-planning-whats-next
Building codes need to revamp to deal with 3-D housing
All levels government need to look at proper land management -
https://www.slideshare.net/paulyoungcga/why-do-politicians-play-games-with-the-environment
12. Public Safety / Policing
All levels of government need to re-look at how police departments work for their local communities:
Policing / Canada
https://www.huffingtonpost.ca/erick-laming/police-body-cameras-canada_b_14410866.html
https://www.priv.gc.ca/en/privacy-topics/surveillance/police-and-public-safety/gd_bwc_201502/
Policing Review
https://www.slideshare.net/paulyoungcga/crime-and-polcing-canada-and-usa
13. Public Safety / Firefighting
All urban and rural firefighting need to re-look at how they operate
Training
Equipment
Firefighting Techniques
Options:
Arial Firefighting - https://www.youtube.com/watch?v=WFqThcMIN7A
Cost of Firefighting - https://www.slideshare.net/paulyoungcga/heavy-cost-firefighting-and-fire-services-canada
14. Summary
1. There are many issues facing municipal and local government that
need to be address as part of reforming government
2. All levels of government need to have audited crisis and risk
management plans - https://www.slideshare.net/paulyoungcga/crisis-
management-how-best-to-managed-a-crisis
3. More emphasis on economic development as part of expanding the
tax base.
4. More emphasis on reforming public sector compensation -
https://www.slideshare.net/paulyoungcga/2019-election-public-
sector-efficiency-canada-july-2019
5. Innovation needs to be considered in terms of addressing the issues
facing infrastructure
6. Innovation needs to be considered in terms of fixing systemic issues
with housing - https://www.slideshare.net/paulyoungcga/latest-new-
housing-market-canada-april-2020
15. Training and Development
If you like to learn more about
trade and/or other subjects as
part of your professional
learning and development then
feel free to review my material
on https://www.udemy.com/
(search Paul Young CPA CGA)
These subjects address how to
fixed issues with housing and/or
systemic issues related to
economy including government
policies