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Opinion: It’s not that we have too many people. It’s that we have too few houses (www.theglobeandmail.com)
submitted 1 year ago by RehRomano@lemmy.ca to c/canada@lemmy.ca
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[-] RandAlThor@lemmy.ca 6 points 1 year ago

I wonder how many of these are vacation homes or air b&b rentals that sit idle for most of the year?

[-] Powerpoint@lemmy.ca 5 points 1 year ago* (last edited 1 year ago)

Up to 30% of Canadians are domestic speculators. Doesn't matter how much we build when people just buy it up to increase their portfolio. We need a ban on this activity or a very very heavy tax to force them to sell.

https://ca.finance.yahoo.com/news/speculators-30-homeowners-provinces-statscan-143600364.html?_guc_consent_skip=1694666705

this post was submitted on 13 Sep 2023
119 points (92.8% liked)

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