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As rents soar, tenants organize local protests. But what's needed for a national housing movement? (www.cbc.ca)

submitted 1 year ago by [email protected] to c/[email protected]

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Advocates say there's appetite for protests over the housing crisis, but several obstacles remain...

Data from the Canada Mortgage and Housing Corporation (CMHC) shows Canada has ramped up construction in recent years, including over 240,000 new home starts in 2022, just slightly down from the record-high 244,000 units started in 2021. Additionally, Statistics Canada data shows that from 2019 to 2021, housing stock growth outpaced population growth in Toronto and Vancouver, two of the hottest markets in the country.

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[–] [email protected] 4 points 1 year ago (1 children)

What's really needed: make real estate a less lucrative investment by aggressively raising property taxes (which are generally a percentage of the assessed value), or at least land-based property taxes (and encouraging dense development).

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

And if you raise the taxes on rental properties, who is going to eat that shit? Landlords? No. It will be renters.

[–] [email protected] 4 points 1 year ago (1 children)

Then also restrict their ability to raise rent.

[–] [email protected] -1 points 1 year ago

So what you end up with is a home that gets repossed by the bank and for whatever reason, the banks don't have to follow any tenancy laws and you're out on your ass. No thanks.

[–] [email protected] 3 points 1 year ago (1 children)

Good. Then it penalizes empty rentals and gives the government more resources to combat housing inflation.

[–] [email protected] 1 points 1 year ago

That makes no sense whatsoever.

It's not like those places will be empty. It will just be filled to the brim with tenants who split the higher rent. That's not solving the housing issue.