CanadaPolitics

2762 readers

30 users here now

Placeholder for any r/CanadaPolitics refugees

Rules

Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca

founded 2 years ago

MODERATORS

lightrush

grte

Canada’s New Housing Minister Is Already Saying the Wrong Things (videos.abnormalbeings.space)

submitted 4 days ago by floofloof to c/canadapolitics

13 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] humanspiral 1 points 3 days ago (1 children)

Prices have to decrease, period. We can put some makeup on this and trick homeowners into satisfaction by having some nominal increase without accounting for inflation

It's about policy to not completely screw over home owners. Policy to pretend to do something is motivated by protecting home owners while concern troll gaslighting. An explicit bargain to give "fair gains" to home owners while solving housing affordability is an honest one. Federal government doesn't need to be involved at all other than perhaps providing cheap credit to "city owned housing development and construction company".

From city perspective, more housing is more property taxes. There is a ROI to it for all residents if city spending is efficient and valuable. Denser housing means more commercial revenue and tax potential.

Decreasing home values can get banks in trouble, and they rule, which is why nothing ever gets done. Limiting price increases to fair amounts is only practical political possibility.

[–] villasv 1 points 3 days ago

There is no “fair” real estate appreciation, and a nominal increase slightly below inflation is not screwing anyone over. Homeowners will be fine, this is the one thing that is for certain in all of this