this post was submitted on 23 Sep 2023
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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 2 years ago by sbv@sh.itjust.works to c/canada@lemmy.ca
6 comments fedilink hide all child comments
 

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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[–] yeather@lemmy.ca 0 points 2 years ago (1 children)

Can't wait for whatever policy to be implemented so poorly it ends up raising house prices.

[–] CowsLookLikeMaps@sh.itjust.works 0 points 2 years ago (1 children)

At this point, I'm certain the intention is still to prop up housing but make voters think he finally gives a shit about them so he gets re-elected. Based on his track record, I don't have any reason to believe him.

But Pierre Poliviere's platform of "own the libs" including banning abortion and being against trans rights is not an option.

We need ranked choice voting.

[–] Omega_Haxors@lemmy.ml -1 points 2 years ago (1 children)

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

[–] sbv@sh.itjust.works 0 points 2 years ago (1 children)

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

[–] Omega_Haxors@lemmy.ml -1 points 2 years ago* (last edited 2 years ago)