(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.

  • Taleya@aussie.zone
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    9 months ago

    Why you acting like we can only do one of these things?

    1. ban company/ corporate ownership of standalone housing.

    2. increased scale of taxation on any property past PPR. One house gets you 10% increase. Two gets you 20%, etc. oh it’s empty? Now you got an empty property tax as well

    3. fuck up developer scarcity. Set hard time limits between land purchase and development / sale. Give land use laws teeth

    • honey_im_meat_grinding@lemmy.blahaj.zone
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      9 months ago

      Why you acting like we can only do one of these things?

      I’m not, please don’t assume that. It sounds like we’re in agreement here, so I’m not debating you, but rather adding to your post, I suppose. It sounded like you wanted to extend the conversation towards solutions to the housing crisis in general.

      • Taleya@aussie.zone
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        9 months ago

        all g I realised that came across a bit more antagonistic than intended. I meant it more as “let’s do ALL of it mwahhahaa”

    • evatronic@lemm.ee
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      9 months ago

      Why you acting like we can only do one of these things?

      Because it’s a common tactic used to confuse an issue and get the discussion bogged down in irrelevant details and “hah! Gotcha!” moments.

      • Taleya@aussie.zone
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        9 months ago

        …Yeah i’d read the rest of the thread before throwing that around