this post was submitted on 11 Jun 2025
46 points (100.0% liked)

Canada

9924 readers
512 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. 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 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 2 days ago (1 children)

You only reduce the price if you need to sell the thing. Real estate does not expire.

[–] Ahrotahntee 11 points 2 days ago (1 children)

It doesn't expire but clearly the vacant homes/units need to be taxed harder so sellers can't just sit on them forever.

[–] [email protected] 1 points 2 days ago (1 children)

Then they would just occupy it with renters while it's on the market. It doesn't change the fact that they don't need to sell, they'd just like to.

Housing markets only collapse when people need to sell. People lost their jobs and are in foreclosure. If thats happening then we're all in a much worse way.

[–] [email protected] 2 points 1 day ago* (last edited 1 day ago)

Flooding the market with rentals still lowers rental prices?

Also if there's more housing than renters, some will have to start selling to avoid the taxes.