The Great Reset: Trudeau & Freeland expose themselves with their spending – Forced to rent the Canadian dream.

Remember the famous tag line "You will own nothing and you'll be happy?" Well we know investment companies such as Blackstone are scooping up single family homes while other are taking over residential buildings and turn all these into rental properties.

"Canada keeps repeating it's spending billions on new housing, but with who, and how does it help? Earlier this week, Deputy Prime Minister Chrystia Freeland announced $1.2 billion worth of investments to build rentals in Toronto. It turns out over a third of those fund are going into one project–373 Front St East, which are rentals planned years ago. Toronto-based Tricon Capital is one of the owners of the 855 unit project. They are best know for buying and owning tens of thousands of single-family homes in a short time.… The company treats single-family homes like Pokemon–gotta catch em all. Their target is to buy 800 homes per month, and they currently have around 38,000 in their portfolio.… Post-Great Recession, institutions used cheap leverage to scoop up hundreds of thousands of homes. They would then rent them back to the demographic that can no longer afford those homes. Cheap pandemic funds pumped money into these companies to rapidly expand. However, that's not how Tricon explained the trend."

"Why are we giving money to these people? If they are going to be villains in the open market that's one thing but they're handling taxpayer dollars over to these people to 'invest' in being slumlords."

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