The New Democrat government's ambitious homebuilding agenda could result in up to 293,000 new housing units over the next decade, according to a government-commissioned report highlighted Thursday by Premier David Eby.
We’re in the middle of a housing crisis. We can take the edge off it by
reducing demand by temporarily limiting immigration
modifying tax regulations to make real estate a less attractive investment
These are steps the feds can take immediately and unilaterally. Everything else will take years, and will need agreement from municipal and provincial governments.
I think it’s probably better to harness immigration instead of limiting it. I’m not sure what the status is now but certainly in the past there have been special immigration categories for investor immigrants.
What if we re oriented those programs towards home building instead of economic stimulation. Like you can immigrate if you build an X unit co-op.
I agree we need to modify tax policies to make real estate more of a purchase and less of an investment
We’re in the middle of a housing crisis. We can take the edge off it by
These are steps the feds can take immediately and unilaterally. Everything else will take years, and will need agreement from municipal and provincial governments.
I think it’s probably better to harness immigration instead of limiting it. I’m not sure what the status is now but certainly in the past there have been special immigration categories for investor immigrants.
What if we re oriented those programs towards home building instead of economic stimulation. Like you can immigrate if you build an X unit co-op.
I agree we need to modify tax policies to make real estate more of a purchase and less of an investment
If that can be done in a way that immediately alleviates the affordability/housing crisis, then I’m 100% in favour of it.
Getting municipal approvals to build an X unit co-op and constructing it will probably take a minimum of two or three years. That doesn’t help now.