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>What problem does this solve? It prevents them from being bought by speculative investors and taken off the market. An alternative solution to the same proble
by ggcdn 10y ago
>What problem does this solve?
It prevents them from being bought by speculative investors and taken off the market. An alternative solution to the same problem is an empty-home tax, which is being rolled out in Vancouver.
> What is this supposed to do?
Its pretty obvious isn't it? It increases the supply of viable housing options for families.
I'm not trying to say this is the silver bullet - Its just some ideas.
My honest opinion is that Canadian housing should only be able to be owned by Canadian citizens, but that ship sailed long ago.