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Tight supply and strong demand will dominate the GTA market this year, resulting in double-digit home price growth, according to the Toronto Real Estate Board. While this forecast may be good news for existing homeowners, it might be the last thing prospective homebuyers in Toronto want to hear.
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Like many diagnoses of slow growth, the effects of bad government policies often get overlooked. This matters because unlike commodity swings or global forces, governments can actually influence the direction of policy. But in recent years, we've seen an onslaught of growth-hindering policies in Canada such as spending-induced debt increases, higher taxes and increased regulation.
The method's goal is to help people make better choices in a variety of areas without removing their right to choose. Researchers claim that individuals select more wisely when provided with a clear set of options. The method may be able to curb problems such as smoking, intemperate drinking, and problem gambling.
Under CETA Canada will lengthen the time drugs remain under patent, which is expected to drive up already high Canadian pharmaceutical drug costs by more than $850 million a year. Instead of extending Canadian patent laws to more closely reflect Europe's rules, why not harmonize daycare programs to reflect the best of the trading area?
Regrettably, when it comes to government policy, the interests of consumers are often neglected. If governments are interested in what's best for consumers, here's a simple suggestion: stop favouring existing producers and players, be they government-owned corporations or private sector corporations. If governments wish to actually favour the average consumer, they must abandon their habit of protecting existing cartels, producers and vested status quo interests, over the more invisible but most important interest: the consumer.