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    This is how the government can get single family homes out of the hands of investors
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    This is how the government can get single family homes out of the hands of investors


    This is how the government can get single family homes out of the hands of investors

    https://www.thestar.com/opinion/contributors/this-is-how-the-government-can-get-single-family-homes-out-of-the-hands-of/article_0f92b0f4-e67e-4a84-aa62-2c9316492363.html

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    6 Comments

    1. UnionGuyCanada on

      > Part of the genius of the MURB program is that it diverts investors away from buying up existing units and towards funding new construction.

      Except there is so much money, they can now do both. They are the source of many housing starts, while still dominating housing sales. 

        Ban STRs, bam corporate ownership of single family units and solve this problem forever.

    2. mummified_cosmonaut on

      How about requiring a certificate of foreign tax compliance from the country in which they reside combined with an automatic disclosure of their Canadian holdings to their homeland’s tax agencies and law enforcement.

      Introduce assert forfeiture for foreign tax non-compliance and split the proceeds between the tax evaders homeland and public housing projects.

      I am sure there are a lot of countries that would be very interested in knowing if some rando has millions of dollars to invest in Canadian real estate.

    3. mukmuk64 on

      These sorts of articles are so amazing for the brazen surface level implicit classism

      >Canada needs more rental housing. But it also needs to get existing homes out of the hands of investors and back into the hands of families.

      Do renters have families? We don’t know. We don’t want to know.

      >The government has a tremendous opportunity to unlock housing investor capital to build much-needed rental units while freeing up existing housing stock for families.

      What a completely bizarre and incoherent play at arguing that we can have our cake and eat it too. I’m sorry where is the land for the apartments if not the vast swath of untouched single family homes?

      I agree we should build more apartments but what on earth is with the bizarre and incoherent persuasive strategy at play in this article.

    5. Artsky32 on

      My solution is some kind of mechanism that limits how many different families can rent a crib out. One group of people on the first and second floor. And only one family in the basement. That’s the start of my idea. Would make it harder to be cash flow positive

    6. q8gj09 on

      Getting investors out of housing is the same thing as getting renters out of housing. Why do we need to get renters out of existing single-family homes? Renters should have similar access to single family homes as homeowners. Very few single family homes are even owned by investors in Canada, so I don’t get why anyone would be worried about this in the first place.