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this post was submitted on 26 Dec 2023
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Of course it didn't.
Foreign ownership and immigration were always just distractions.
They sound good, seem to make sense, and the people they are meant to mislead will never look deeper than that.
It took less than 10 minutes on Google to determine that neither of these were significant factors.
Sort of. The thing is - they are factors, just the small low hanging fruit; more specifically it's the easiest to attack from a political stand point: Foreign owners don't vote in Canada.
The reality is - we need to pull out the stops at this point. Go after Foreign ownership, corporate ownership. Go after Vacant properties through taxes, and go after the short term rental market.
Foreign ownership might be say a few percent, short term rentals might be a few percent. But you couple 3-4 small sources and suddenly you are freeing up some 5-10% of housing and putting it back on the long term rental market or they are being sold on the open market... to people who want a home.
Except not really. Freeing up less then 5% and then stopping doesn't actually help anything.
The bunch that hate immigrants are happy, and honestly that seems to be about 30% of the population. And that's enough to elect a government, so that's as far as that will ever go.