grte@lemmy.ca to Canada@lemmy.ca · 5 days agoLiberals promise to build nearly 500,000 homes per year, create new housing entitywww.thestar.comexternal-linkmessage-square85fedilinkarrow-up1248arrow-down13file-text
arrow-up1245arrow-down1external-linkLiberals promise to build nearly 500,000 homes per year, create new housing entitywww.thestar.comgrte@lemmy.ca to Canada@lemmy.ca · 5 days agomessage-square85fedilinkfile-text
minus-squaretwopi@lemmy.calinkfedilinkEnglisharrow-up16·edit-25 days agoThey should only allow Build Canada Homes to sell to first time home buyers, Co-operatives, and not-for-profit Community Land Trust. Corporate and “mom and pop” investors must be barred from buying these units. Otherwise, the problem will not go away.
minus-squareMacroCyclo@lemmy.calinkfedilinkarrow-up2·5 days agoI mean, if they can make a meaningful increase in supply, no investor is going to want to hold onto a house in that market. You might get that result without having to enforce it.
They should only allow Build Canada Homes to sell to first time home buyers, Co-operatives, and not-for-profit Community Land Trust.
Corporate and “mom and pop” investors must be barred from buying these units. Otherwise, the problem will not go away.
I mean, if they can make a meaningful increase in supply, no investor is going to want to hold onto a house in that market. You might get that result without having to enforce it.
I’d say better safe than sorry.