Canada will change how it counts non-permanent residents, the main statistics agency said on Thursday, after an economist said the current methodology may have overlooked about a million foreign students, workers and others.
I really doubt students and workers are the problem here. Perhaps Canada should look into taxing empty investment homes/condos/etc. and crack down on homes being used as hotels (like AirBnB) instead of residences.
Oh no, that may actually contribute to fixing the issue. We can’t do that.
How much empty housing do you think exists in canada’s largest cities?
Over 2,100 properties were self reported as being vacant in Toronto. No doubt in my mind many people lied and the number of vacant units sits around 3,500. Which isn’t a lot but would definitely help.
In a city with 1.25 million homes, why are we so focused on “taxing empty investment homes” (something that already exists) for a few thousand units instead of building new homes?
Why not both? 🙂
Yeah sure. This is more a response to the top level comment (and the general sentiment) that empty units and financialization cause the scarcity, instead of just addressing the scarcity.
a) this is before Toronto instituted the empty homes tax - less incentive for homeowners to rent out their empty unit
b) this is before the explosion of rental price increases post-covid - even less incentive for homeowners to rent out their unit
c) measuring lights on or off a couple of times a year isn’t a great proxy for assessing empty units
Nationalise housing.
I love reading comments like these.
Yes, let’s turn an entire country’s housing stock into the projects.
There’s got to be a better way to provide housing than whatever we’re doing now, but putting an inept government, run by corrupt or otherwise incompetent career bureaucrats, in charge of the roof over my head would be a hilarious joke if people weren’t being completely earnest about it.
Yes, let’s turn an entire country’s housing stock into the projects.
No fucker wants that, and you’re disingenuous for suggesting they do, or that nationalisation of housing means that.
There’s got to be a better way to provide housing than whatever we’re doing now, but putting an inept government, run by corrupt or otherwise incompetent career bureaucrats, in charge of the roof over my head would be a hilarious joke if people weren’t being completely earnest about it.
Another strawman. You think nationalisation of housing happens without a government competent enough to do it?
You might as well complain about buses because they don’t work without wheels.
No fucker wants that, and you’re disingenuous for suggesting they do, or that nationalisation of housing means that
I’m not saying anyone wants to turn all housing into the projects. I’m saying it’s inevitable given how national and local governments have managed housing in my experience.
You think nationalisation of housing happens without a government competent enough to do it?
Maybe? IMO all lifelong government bureaucrats are corrupt and/or incompetent, and the result of putting them in charge of housing everyone would be horrific.
You might as well complain about buses because they don’t work without wheels.
I’m not sure I understand what you’re attempting to get at with this statement. I will say as a lifelong user of public transportation in my metropolitan area the buses and trains post-COVID have been nightmarish.
Actual nationalisation would be handled by a government that gives a shit about it. So far we have seen this happen in the early Soviet union and in China.
The projects you saw were not nationalised housing. They were a minority of state owned housing, geared towards a neoliberal privatised housing sector.
The fact you call them shit is exactly what what they want. So they can pivot to fully private with no pushback, since their intentional bungling of a tiny stock of state housing went so badly.
I’m not sure what argument you’re trying to make, but I’m pretty happy with my fully “private” housing situation. There’s no way in hell I’d want anyone, government or otherwise, controlling where I sleep.
So I guess we agree?
I’m not sure why you think I’m advocating for anyone to control where you sleep.
This entire thread is in response to you posting
Nationalise housing
Maybe I misunderstood what you meant, but I’m pretty sure that means you want a strong central government to take control of the entire housing stock, thus controlling where everyone calls home?
This is the best summary I could come up with:
OTTAWA, Aug 31 (Reuters) - Canada will change how it counts non-permanent residents, the main statistics agency said on Thursday, after an economist said the current methodology may have overlooked about a million foreign students, workers and others.
The decision comes amid a fierce debate on a housing affordability crisis, which has been blamed on an increase in migrants and international students, fueling demand for homes just as rising costs have slowed construction.
In a note on Wednesday, CIBC Capital Markets economist Benjamin Tal said the argument for any such limits would be even more pressing if the government had the real figures.
Statistics Canada said it stood by its figures, but added that it will publish new, more detailed data on non-permanent residents next month using a revised methodology.
“We constantly evaluate and review our methodology to consider emerging demographic trends and new data needs,” Statscan said in an emailed statement.
Statscan’s terminology for non-permanent residents covers people living in Canada with work or study permits and asylum seekers.
The original article contains 234 words, the summary contains 170 words. Saved 27%. I’m a bot and I’m open source!