Otter Raft@lemmy.ca to Canada@lemmy.caEnglish · 5 days agoRent falls across Metro Vancouver but some cities are bucking the trend | Urbanizeddailyhive.comexternal-linkmessage-square26fedilinkarrow-up172arrow-down11file-text
arrow-up171arrow-down1external-linkRent falls across Metro Vancouver but some cities are bucking the trend | Urbanizeddailyhive.comOtter Raft@lemmy.ca to Canada@lemmy.caEnglish · 5 days agomessage-square26fedilinkfile-text
minus-squareDarkSirrush@piefed.calinkfedilinkEnglisharrow-up11·5 days agoNo, the solution is that corporations are banned from owning housing, and no individual be allowed to own more than 2 properties. Housing being a portfolio asset and not a necessity is what has caused this mess, not foreign influence.
minus-squareSaveTheTuaHawk@lemmy.calinkfedilinkEnglisharrow-up3·4 days agoCRA needs to stop making real estate a tax haven. But we are now so over leveraged as a country, any changes would collapse Canada into a failed state. >80% of all the wealth in this country is now trapped in real estate.
minus-squarevelindora@lemmy.cafelinkfedilinkEnglisharrow-up3arrow-down3·edit-24 days agoAgreed, But also, non-citizens should never own property
No, the solution is that corporations are banned from owning housing, and no individual be allowed to own more than 2 properties.
Housing being a portfolio asset and not a necessity is what has caused this mess, not foreign influence.
CRA needs to stop making real estate a tax haven. But we are now so over leveraged as a country, any changes would collapse Canada into a failed state. >80% of all the wealth in this country is now trapped in real estate.
Agreed, But also, non-citizens should never own property