Corporate Tax Breaks, Housing Heartbreaks with Silas Xuereb
Silas Xuereb offers a rundown on how the Canadian government is deepening the housing crisis through poorly designed tax systems and unchecked regulation of real estate investment.
Silas Xuereb offers a rundown on how the Canadian government is deepening the housing crisis through poorly designed tax systems and unchecked regulation of real estate investment.
Housing expert Carolyn Whitzman chronicles the shifts in government housing policy over recent decades and shows what needs to be done to make housing accessible for all Canadians.
According to the data, more and more new housing is being purchased without the intention of being the home that the buyer lives in.
Ownership of housing is becoming increasingly concentrated in the hands of wealthy Canadians, fostering a worsening status quo for everyone else.
What will this amended piece of legislation do for ordinary, working-class Canadians to make groceries affordable again, and does it go far enough? How has market concentration contributed to higher grocery receipts? Why should incentives for building more co-op housing be included in the final version of the bill?
Why not talk about housing in terms of industrial strategy and the role of government in building more housing supply, instead of trying to outflank Pierre Poilievre’s inconsistent policy slogans from the right wing?
Ordinary Canadians will certainly feel the heat from the price of housing when monetary policy adds fuel to the fire while their pay cheques freeze.
It is unclear exactly how further financialization and profit maximisation of Canada’s housing market is supposed to lead to affordable housing.
With extreme heat, storms, forest fires, and floods Canadians should now expect their buildings to protect them from such weather extremes and to not add to the climate problem.