Ontario’s provincial debt is expected by 2020 to balloon to 370 billion dollars up from the roughly 138 billion dollars from when the liberal took office. The taxpayer pays roughly 1 billion dollars a month in interest on this debt but this forecast was made before Premier Wynne added a billion dollars more a year to our provincial debt by rebating us back the 8% portion of the HST which the liberals added on to our hydro bill, to begin with. Then she added another 25 billion dollars to our debt with her failed energy plan which made hydro so unaffordable.
Now Premier Wynne is touring the province as if she is the Fairy God Mother by handing out billions of dollars in advance of next year’s election
so the real question is how many tens of billions of dollars will she spend bribing Ontarians with our own money for the liberal vote? The truth is Ontario can’t afford more debt, more taxes or fees. We just can’t afford more liberal scandals and mismanagement and partisan ads in Ontario.
The liberals created the housing crisis in the GTA, by implementing the Places to Grow Act in 2006 which is restricting the housing supply, by increasing intensification and the density of new housing developments. This Act says 40 per cent of all new developments must be within existing urban boundaries. It takes on average 14 months to get a building permit and a hundred thousand dollars in paperwork - fees and taxes then the buyer must pay roughly 48 thousand dollars in land transfer tax on a single home no need to wonder why costs are out of control.
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