Canada Housing

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This is a community to discuss the housing crisis in Canada.

All so Canadians can find a decent home to live in.

Racism is still absolutely prohibited, but you are welcome to debate population growth, immigration rate, foreign home buyers, and the merits of single family homes or the green zone.

A merge of r/canadahousing and r/canadahousing2 for those coming from Reddit.

Bits of the sidebar and logo taken from those subs and will be going through a slight revision as things get settled.

founded 2 years ago

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jackalyst

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Pierre Poilievre: Yes, Justin Trudeau deserves blame for sky-high housing costs (nationalpost.com)

submitted 2 years ago by jackalyst to c/canadahousing

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[–] healthetank 5 points 2 years ago

I feel like a good chunk of that has been the fact that our GDP has been heavily reliant on real estate for the last few decades.

Here is a link with a graphic showing the percentage of GDP being real estate, which has been on the rise since 2000. Granted, its skyrocketed since the pandemic, but that's largely because of the slow growth in other sectors.

Unfortunately, we have significant tax credits associated with home ownership and sales, resulting in people planning on their house downsizing funding retirements. Drastic changes are needed, but are effectively political suicide. Additionally, we have terribly design/planned fees for development- check out '99% Invisible's podcast, 'The Missing Middle', where they discuss how zoning and permitting provide negative pressures towards building luxury/condos or single family units and away from affordable development.