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Trudeau takes first step to break Canada’s addiction to rising home prices - The Globe and Mail (www.theglobeandmail.com)
submitted 1 year ago by sbv@sh.itjust.works to c/canada@lemmy.ca
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At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.

Honesty is saying that home prices have to fall. But this is progress.

The Generation Squeeze folks have recommendations.

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[-] Omega_Haxors@lemmy.ml 0 points 1 year ago

Is it going to be more rental properties? It's going to be more rental properties, isn't it.

[-] bionicjoey@lemmy.ca 2 points 1 year ago

That's not a bad thing. More units is more units. People need shelter. Not everyone wants to buy a house to get it. If we can build enough rental units to get the supply up, it will reduce the price of "substitute goods" like other types of housing. Plus, density is far more sustainable to build.

[-] sbv@sh.itjust.works 1 points 1 year ago

The bill removes GST from purpose built rental, so yes.

[-] Omega_Haxors@lemmy.ml -2 points 1 year ago* (last edited 1 year ago)
this post was submitted on 23 Sep 2023
146 points (96.8% liked)

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