this post was submitted on 19 Apr 2025
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[–] considerealization 2 points 2 days ago (1 children)

I agree that such tax reform (and other regulatory measures) is really needed.

But, if the units are purpose built for affordable housing (as proposed federally in https://liberal.ca/housing-plan/ , for instance), this should at least not fall into the investor problem, no?

[–] seestheday 2 points 1 day ago (1 children)

I don’t see anything that stops investors from buying the homes to rent out. Without it we’re bound to continue to move towards effectively feudalism.

The only thing I have heard of that will actually solve this long term is a heavy cost neutral land tax. Tax the land for the value you can get for renting it and then redistribute the tax income equally back to the people.

[–] considerealization 1 points 4 hours ago

Ah, true. Reading https://liberal.ca/cstrong/build/ I don't see anything that says these affordable units will be kept off the market, or that ensures they will be rented at affordable rates.

I also think land taxes seem promising, and taxes on uninhabited excess square footage, that are earmarked exclusively for building high quality public housing.