castanet.net 13 May, 2022 17:45 am

Not a Poilievre fan

Canada now has it’s own Donald Trump.

With regards to single family homes, there are several large private equity firms, mutual funds and large investors (rich Canadian families) who have targeted single family homes as investments and income streams.That alone would return tens of thousands of single family homes to the market.Instead of creating affordable rentals, why not build condos, townhouses and single family homes to sell as affordable housing to low-income individuals.But I am troubled to hear some economists suggest taxing principal residences through a capital gains tax.

In addition, the corporations would have to pay huge amounts in capital gains taxes because these were investments, not homes.In addition, the capital gains taxes generated from the sale of the investors portfolios will pay with the building costs.

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