Ignoring these hypothetical numbers, an abundance of housing means more options for renters. In this case the developers have to compete for our rental money. This means lower rents.
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Canada plans college crackdown amid foreign student troubles - BNN Bloomberg
(www.bnnbloomberg.ca)
Housing is financialized because it’s a scarce commodity. Removing scarcity removes financialization.
An abundance of housing improves options and lowers rents.
I have no love for the Liberals but this is indisputably good policy for incentivizing rental supply. Gotta give credit where it's due.
That is a 100% indisputably correct assumption. Vacancy taxes worked where they've been implemented to incentivize the occupancy of empty homes and the overwhelming majority of homes have people living in them.
I need you in every housing thread I post here.
The point of this article is we can and should make room in Toronto. There’s plenty of space if we accommodate with a better built form that isn’t sprawling detached homes.
“let’s tear down everything here that all the existing residents chose and replace it with something else that we think is more logical”.
This feels like a dishonest interpretation that misses a lot of the nuance presented in the article.
Twenty-two workers at the Dunbar location voted to join the USW in February, joining two other Metro Vancouver Starbucks — Clayton Heights in Surrey and Valley Centre in Langley — in beginning negotiations for a collective agreement. Around the same time, workers at non-unionized shops in B.C. were given pay increases.
oh so they actually can afford to pay their staff more.....
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
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.
Subsidizing homeowners with a taxpayer-funded cheque for $500 is regressive policy for a leftist party. Even if we're means-testing it, there's so many better ways that money could be spent.
Once again, as a renter dealing with year over year increases of hundreds of dollars per month, I get nothing.
Genuinely baffling take, our entire system prioritizes the homeowner above all else. Policies like a GST exemption are the smallest of crumbs in a world where it's literally illegal to build an apartment building in 80% of the land in our largest cities.
Only looking at (taxpayer-funded) subsidies alone, homeowners get FHSAs, first time buyer tax credit, home buyer's plan, tax-free imputed rent, unlimited capital gains exemption, and a slew of other provincial grants. This is all while they build equity! What do renters get in comparison?