Freezing Cold Canada Is Selling New Homes… Without Furnaces
Soon Canadians will own nothing and that's how their elites want it
The warmest place in Canada is rainy Victoria, British Columbia, which during the winter hits an average daily high of around 7.6°C (45.7°F) and an average daily low of about 1.5°C (34.7°F) in January.
Eureka, Nunavut, holds the title for the coldest place in Canada, with an average annual temperature is -19.9°C (-3.8°F). In February, the average temperature can drop to bone-shattering -38.4°C (-37.1°F.)
Of Canada’s handful of major cities, windy Winnipeg, Manitoba experiences winter temperatures of -30°C (-22°F) or worse.
You’d think with such a miserable climate, there’s be some sort of law that says all Canadian homes must have an emergency wood stove or fireplace in case the electric grid or gas lines go down.
At the very least, you’d think it would be the law to have a furnace.
But the corporatocracy that runs Canada doesn’t care about the wellbeing of Canadians, of course.
That’s evidenced by all sorts of things —the highest consumer debt levels in the world, absolutely out-of-control immigration that’s suppressing wages, endless traffic, cultural degradation, gigantic real inflation, the list goes on and on.
Perhaps nowhere is the corporatocracy’s grip on Canada more keenly felt that housing.
There are tent encampments in every city in Canada now, and even homelessness in small towns and villages.
There is widespread house price hardship, whether you’re a rent-slave trapped by voracious land-lorders or a mortgage-slave forking over stunning payments to banksters.
Well, things are about to get worse because Canadian construction companies are on the brink of collapse.
“Owned” homes with rental contracts
Commercial banks and central banks created so much debt-based money during Covid that the price of everything went through the roof and laid waste to human wellbeing.
To cool inflation, those same central banksters then raised the interest rates in order to further crush everyday working people.
Residential builder-developers in particular, whose entire business model relies on borrowing, saw their profit margins instantly squeezed.
In the past, they simply would’ve lowered their prices.
But lowering prices isn’t something corporations do anymore.
They’d rather die than discount.
So, they’ve frozen all new construction (so much for “we just need to build our way out of this”) and are holding fast at selling their current inventory at prices people can’t afford. Thus, why so many builders going bankrupt.
But other builders are getting more creative.
Instead of creating new value for others, they’re getting into the rent-seeking game.
Here’s an $850,000 that doesn’t come with a furnace:
That’s right:
You pay $850,000 for the house, and you also have to sign four rental contracts — for the furnace, the air conditioner, the ventilation system, and the hot water tank.
That’s at least $1,800/year on top of your mortgage.
Not interested in renting basic human rights like heating?
It’s $22,000 to opt out of the contracts.
See what the corporation did here?
It gets to advertise the house for $850k, but the real selling price is $872k.
And then the home “owner” gets to be a renter for the rest of time.
What’s really strange?
Three years ago, I predicted this would happen.
A quick recap on where we’re at in the Mammonomics cycle:
First the hyper-rich took over money-creation.
Second, the elite shareholder class impoverished the contributive masses via systemic inflation and purposeful wage stagnation.
Third, they got us hooked on monthly payment plans for the things we wanted and needed but couldn’t afford to buy lump-sum anyway. (When was the last time you paid cash for a car or even a piece of furniture?)
Now, corporate elites are working on a new scheme to steal our time, impoverish our lives, and ram us back into serfdom once and for all:
The end of ownership.
Soon, we’ll be renting:
Appliances like fridges, toasters, and washing machines (all eventually equipped with Black Mirror-style voice ID and biometric video surveillance)
Furniture, including mattresses
Laptops, phones, gaming chairs
Literally every physical item you own
And do you know what?
We won’t be able to afford to own anything anyway.
Because once any human necessity is commodified as an investment, it’s eventually sold to the highest bidder, which is always an extractive, tax-evading, anti-human, multinational investment corporation.
It’s already happening with houses, which are well on their way to $10 million.
Cars will be completely out of reach within a decade or two.
Furniture-as-a-service startups are already a thing. (Imagine paying $128/month just to sleep in a bed. Made of cheap foam!)
The hyper-elitist World Economic Forum thinks you won’t even own your underwear within six years.
Think about it another way: What does a mattress cost at IKEA, maybe six or eight hundred bucks? But what is a mattress’s market value to an investor if it rents for $99/month on a 36-month lease?
Can you afford a $3,500 mattress?
A pair of shoes from Target might be fifty bucks today, but in the hands of a $9 trillion-dollar shark like Blackrock, it could cost you $500 not to be bare-foot.
Now add another twenty years of inflation, wage stagnation, work gigification, and robotic automation.
I’m looking at the future and I’m seeing a world where it’s mathematically impossible for the masses NOT to be enslaved.
You already don’t have the option to buy Netflix movies.
Soon, you won’t have the choice or ability to purchase homes, cars, clothes, or anything else.
Can you believe how insane our economy is?
We do all the productive work.
We do all the purchasing that keeps the economy going.
They get all the profits.
They own all the products.
A societal structure in which the vast majority own nothing and have to toil for rich elites just to survive already has a name:
It’s called feudalism.
Welcome to our future.
Calls to action
Money talks. We the market can still make demands of the corporations that are working to rule our lives and press us into subscription serfdom.
Here’s how we can fight back:
Refuse to give your hard-earned money to any business that won’t outright sell you the things you want and need.
Refuse to give your hard-earned money to any business that forces you onto a nearly-impossible-to-cancel monthly plan in order to access their services.
Start companies that sell one-time services and fully-owned products.
To avoid wasting years of your life paying to rent cheaper-quality versions in the future, acquire buy-it-for-life-quality possessions now.
De-commodify your life as much as possible and accept the reality that the “free” market is a black market that always ends in monopoly.
Get into politics and pass a law called the Right to Own Act, or support leaders who will do so.
(If you have any other ideas, hit reply or pop them in the comments.)
What’s interesting about the end of ownership for the masses is that it’s just the beginning of ownership for the elites.
They ultimately want to own the same thing that their feudal ancestors owned:
They want to own us.
Thanks for explaining the outrageous situation so well.
This is why I left Canada for the United States: I could no longer afford to live there. I see now that it's only getting worse. I fear for my children who still live there. The US is mostly no better, but there are still cheaper pockets to live in, mostly in the Midwest. It's fine as long as the Affordable Healthcare Act still exists. I hope younger generations rise up against this for their own sake.