this post was submitted on 12 Aug 2023
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In a country with some of the world’s most expensive real estate, Prime Minister Justin Trudeau’s government wants housing to become more affordable.

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[–] BedSharkPal 33 points 2 years ago (18 children)

Just tax homes past a primary residence like Singapore. We know it works and at least it'll be real obvious those against are the immoral asses we thought they were

[–] [email protected] 7 points 2 years ago (4 children)

This is the simplest solution. But the annual property tax on 2+ properties has to bite otherwise corporations hoarding housing stock would just see that as cost of doing business.

The best approach would be progressively higher (like, exponentially) property taxes according to the number of properties held

[–] [email protected] 4 points 2 years ago

@clutchmattic @BedSharkPal

This.

Every property owned above primary should double in tax.

At this point it's the only way to stop the hoarding immediately. Canada is rolling into what may be a viciously cold winter soon, and if we don't do something RIGHT NOW, people will not survive.

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