At last, someone from the world of politics is being honest about a pervasive and harmful trade-off. When home prices rise faster than earnings, owners like me gain wealth, while non-owners lose because their incomes fall further behind housing costs.

Honesty is saying that home prices have to fall. But this is progress.

The Generation Squeeze folks have recommendations.

  • sbv@sh.itjust.worksOP
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    1 year ago

    I’m not sure if you mean “residency” as in residents of Canada, or residency as in living in the property.

    Assuming it’s the former: Removing some investors from the pool of buyers would probably help a bit, but I’m not sure it would have a significant impact outside of a few markets.

    Assuming it’s the latter: NB taxes non-primary residences at a higher rate and has still seen significant price growth.