64
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 11 Apr 2024
64 points (97.1% liked)
Canada
7169 readers
266 users here now
What's going on Canada?
Communities
๐ Meta
๐บ๏ธ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
๐๏ธ Cities / Regions
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
๐ Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montrรฉal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown
- Toronto Blue Jays
Basketball
- List of All Teams:
unknown
- Toronto Raptors
Soccer
- List of All Teams:
unknown
- General Community: /c/CanadaSoccer
- Toronto FC
๐ป Universities
๐ต Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
๐ฃ๏ธ Politics
๐ Social & Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
I'm not sure who this helps: the same buyers who want to buy a home can't save for retirement, either.
This seems like something being floated to a middle class that doesn't really exist any more.
Our governments are willing to do anything--anything--about housing except for building more of it directly, or punitatively taxing speculators and investors that hoard it. You know, the two things that would most help people. Or rather, would help people who aren't investors or developers.
So true. This just allows you to give more of your money to a bank over your lifetime. People almost always end up spending as much as they possibly can on a house, usually because they're in competition with a big cohort with similar income in any given area. This will just raise prices as people can get bigger loans.
As a current homeowner, I'm ok with prices going down if more owner-occupiers are actually getting into the market (and ending up as owners not just tenants to the bank). But as long as speculators and corporations can sweep in and steal the deals these lame policies just feel like more corruption.