In an attempt to deal with an affordable housing crisis, the Dutch housing minister recently proposed a law that would have allowed municipalities to force some property owners to sell their homes only to low and middle-income earners. The problem the policy is trying to fix is one that’s particularly acute in Canada.
It’s at the point where it’s clear no single measure will solve this issue. What is absolutely infuriating is that NOTHING is being done. Actually scratch that, they are actively making things worse with crap like the “First Home Savings Account”.
Just start saving when you are born and if you save enough you might be able to put a down payment on a house when you are 40 and qualify for a 90year mortgage.
I wouldn’t say nothing is being done. Vancouver for instance is moving at snail’s pace towards better zoning, but it is moving. Also, the city has been unapologetically green lighting most projects involving high rises (which brings a host of other issues, but it does count as doing something). The thing is, this is not nearly enough, and apparently intentionally so.
Sorry, should have been more clear. I meant at the federal level. I get that they are somewhat limited in their abilities, but again, everything they have done thus far has _only _made it worse.
Hmm yeah I don’t follow the federal politics as much I should, but I’d say my impression is the same then. I guess interest rate policy is something but that’s a big can of worms as well.