90
Entry to housing market feels out of reach for 76% of non-owners: CIBC poll
(ca.finance.yahoo.com)
this post was submitted on 11 Apr 2024
90 points (98.9% liked)
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I don't think anyone can say the current federal government has done anything but shrugged off responsibly for housing affordability even though they campaigned on it and thrown money at the problem.
In this instance they're just getting Canadian to tie in even more of their future financial well being into their dwellings.
Housing is the jurisdiction of the provinces. There's limited latitude with which the Federal government can act.
They're not using those enough, but let's not act like it's all the fed, and not the provinces choosing to fuck us over too.
Much of the tax system that favors using housing as a investment is from the federal level as well as the demand side. You get taxed more for building average dwelling then you would flipping a place.
At no point did I state it was entirely the federal governments fault, they're the ones that said they would do something about it.