164
Investors own 23.7 per cent of Ontario homes, report says
(www.theglobeandmail.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 25 Mar 2024
164 points (99.4% liked)
Ontario
2186 readers
1 users here now
A place to discuss all the news and events taking place in the province of Ontario, Canada.
Rules
- No bigotry - including racism, sexism, ableism, homophobia, transphobia, or xenophobia.
- Be respectful, especially when disagreeing. Everyone should feel welcome here.
- No porn.
- No Ads / Spamming.
founded 3 years ago
MODERATORS
So are condo buildings, but they don't own the single family homes, they administrate the common elements and owners of private portions.
Co-ops can be converted to condos if need be, or given an exemption if they fill a niche that's advantageous.
Why convert Co-ops to condos? They are probably one of the most fair way of property co-ownership and management.
Why exempt something that's really good to begin with?
In Toronto and Montreal co-ops usually mean:
Sounds like only pros compared to for-profit corporate, government or individual ownership.
You're beginning to make me think that you don't know what the word 'exemption' means.
Yeah, I think I'm misunderstanding something in your initial statement.
My goal here is to take the profit motive out of buying and renting out residential homes. You keep adding taxes to the thing that you don't want. For example:
Cigarettes are killing people and costing billions in unnecessary health costs? Add a tax to help offset the damage that smoking causes, and provide a deterrent to continuing to smoke, and adding an incentive to stop -- it also provides funding for anti-smoking campaigns, and can subsidize programs to help people quit.
Burning gasoline and diesel are polluting the air, causing smog, and larger vehicles like SUVs are beating the shit out of roads, and hospitalizing people with lung issues? Add a tax to make it more expensive to pollute, incentivize driving less and buying smaller cars, and cover the cost of road maintenance. People who drive more pay more tax, people who drive less save more money.
Okay. I reread the thread and understand now.