this post was submitted on 04 Feb 2024
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(Reuters) - Canada on Sunday announced a two-year extension to a ban on foreign ownership of Canadian housing, saying the step was aimed at addressing worries about Canadians being priced out of housing markets in cities and towns across the country.

Canada is facing a housing affordability crisis, which has been blamed on an increase in migrants and international students, fueling demand for homes just as rising costs have slowed construction.

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[–] pennomi@lemmy.world 55 points 9 months ago (2 children)

Well you see we can’t do that because the lawmakers are the ones in charge of those corporations

[–] tsonfeir@lemm.ee 26 points 9 months ago

I don’t like paying property taxes on my 150 single family rental properties. Perhaps I should go into politics to change policies allowing me to profit more on denying people the ability to purchase property, since people like me bought all of the supply.

[–] Taleya@aussie.zone 11 points 9 months ago

quite so, quite so, however this ban on foreign ownership has put them them in quite the pickle as they can no longer blame dirty foreigners. And with people starting to cotton on to the "immigrants and international students" tactic I look forward to the uptick in articles on "african gangs" (or the canadian equivalent) to angry up the blood.