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.
The first link you posted is the same as I posted and doesn’t reveal the percentage of 3+ home owners. Additionally, the second link you posted reveals that Vancouver has 53.6% of multiple home owners and Toronto 43.0%. If you have 3+ homes out in the sticks, its way less aggravating to the rest of the population that if you have it in a densely populated city.
The data show that nearly half of multiple-property owners who lived in the Vancouver CSD (44.8%), Surrey CSD (45.8%), Richmond CSD (44.2%) and Toronto CSD (46.8%) also owned properties within the same CSD.
Do you really think such a measure wouldn’t be important in such cities? The rich and wealthy thank you for your service as their defender. They definitely need it.
The first link was to give the total numbers of units and the separation between single and multi owners, the second link refined the multi owners into double or 3+
So multiple property owners are already not a big group, then not even half of them have a rental in the same city they live in. This isn’t surprising, nor a huge problem given what I said early that only 3.5% of BC properties are third or more properties.
Like I said at the start, go ahead and tax the shit out of this if you want, but do not expect such a tax to in any way change the overall market it simply isn’t a big enough problem to impact prices in any useful way because it doesn’t address the core issue which is that ALL home owners are profiting off land appreciation, even (and primarily) those who only own one property.
I say this as a homeowner, my home has appreciated by as much as if my wife and I had an entire third income over the last 15 years. It’s money that I didn’t do anything to earn, and it’s money that will need to be earned by someone younger in order to buy my property when we sell it and downsize as we age.
The first link you posted is the same as I posted and doesn’t reveal the percentage of 3+ home owners. Additionally, the second link you posted reveals that Vancouver has 53.6% of multiple home owners and Toronto 43.0%. If you have 3+ homes out in the sticks, its way less aggravating to the rest of the population that if you have it in a densely populated city.
Do you really think such a measure wouldn’t be important in such cities? The rich and wealthy thank you for your service as their defender. They definitely need it.
The first link was to give the total numbers of units and the separation between single and multi owners, the second link refined the multi owners into double or 3+
So multiple property owners are already not a big group, then not even half of them have a rental in the same city they live in. This isn’t surprising, nor a huge problem given what I said early that only 3.5% of BC properties are third or more properties.
Like I said at the start, go ahead and tax the shit out of this if you want, but do not expect such a tax to in any way change the overall market it simply isn’t a big enough problem to impact prices in any useful way because it doesn’t address the core issue which is that ALL home owners are profiting off land appreciation, even (and primarily) those who only own one property.
I say this as a homeowner, my home has appreciated by as much as if my wife and I had an entire third income over the last 15 years. It’s money that I didn’t do anything to earn, and it’s money that will need to be earned by someone younger in order to buy my property when we sell it and downsize as we age.