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Why it's time for a serious debate about rent control in Canada
(financialpost.com)
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this post was submitted on 29 Nov 2024
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-Aggressive tax on empty properties/units
Vacant House Taxes have been tried throughout Canada and are generally ineffective. They are just a distraction.
The main reason why they don't work is fairly obvious: Why would someone own property to keep it vacant?
Sure, there are some people with vacation homes, or second homes where they frequently visit (heck, I might have to get an apartment where my office is located now we're being forced to return to the office). Oh the Urbanity has a great video where they point out the vast majority of "Vacant Homes" are either students who don't permanently live there, in the process of a move, under renovation, etc.
Thankfully, off of Lemmy people seem to get this, and we're all talking construction and rezoning now.
I think people who think about housing critically get it, but unfortunately I don't think most Canadians get this, either on or off Lemmy. It's too easy to see "1.3 Million Vacant Houses" and think that's a solution for the Housing Crisis.
I'm not used to having less political bullshit here, but I guess it could be regional.
At the federal level they're mostly doing tax breaks for potential owners, and subsidies for builders.
Aggressive and escalating.
The longer you leave a residential property vacant, the higher the tax rate becomes.
Speculating on residential housing needs to become costly - more expensive than making it livable and available for people to live there.
Government can do this tomorrow but it will never happen.
These regime whores who will NEVER do a policy that hurts their owners.