Canada’s Big Banks are a ‘culprit’ driving housing prices out of control (breachmedia.ca)

submitted 5 days ago* (last edited 5 days ago) by BrikoX@lemmy.zip to c/canada@lemmy.ca

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Canada’s political and media class has spent years chasing convenient villains to blame for the housing crisis, pointing the finger at foreign buyers, immigrants, supply shortages, zoning rules, or an overheated market.

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[-] radiofreebc@lemmy.world 44 points 5 days ago* (last edited 5 days ago)

Every MP and MLA is a real estate investor and that's what is driving all of this madness. A home used to be a place for your family to live, for generations. Now, it's a quarterly, profit-driven investment.

Homes should be homes, not speculation.

[-] Albbi@lemmy.ca 9 points 5 days ago

I'll vote for you if this is your platform!

[-] velindora@lemmy.cafe 5 points 5 days ago

Well shit if we are pitching platforms, I’d like a chance to run

[-] Typotyper@sh.itjust.works 2 points 5 days ago

Maybe no one will vote for you. You haven't said anything to differentiate yourself from the current group of selfish opportunistic politicians we have.

[-] velindora@lemmy.cafe 1 points 5 days ago

Well, free mental healthcare is at the top of my list

[-] orioler25@lemmy.ca 8 points 5 days ago

This is not a new thing, access to housing has always been a fundamental mechanism of control in settlers colonial states. This was only recognised as a real problem once it affected privileged groups who have experienced enough generational wealth to normalize homeownership.

You're right, most representatives who make our decisions on housing happen to be members of a privileged class which is actively invested in profiting off that control. It does not end at housing, the exact problem with reform in a capitalist system is the link between privilege and material wealth ensures that the interests of capital remain paramount in society.