VAUGHAN, Ont. - Liberal Leader Mark Carney says his government would double Canada’s rate of residential housing construction over the next decade to nearly 500,000 new homes per year.
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.
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.