Those will help a bit and sound good, but will take decades to bring down costs, if at all.
They also do nothing to prevent investors from buying up all of the land. My main criticism against it vs the liberal plan is that they have no restrictions on the tax reduction on ALL sales of homes.
This is a good benefit for individuals, but a massive benefit to investors. Why they wouldn’t limit it to only primary residences boggles my mind.
He liberals limit it to first time home buyers which has its own problems (prevents downsizing for seniors etc), but it is much better than the cons plan.
I should also say that I believe the only way out of the housing crisis is significant tax reform, specifically a revenue neutral land tax that is very heavy based on what the owner could get by renting the land, but gets equally distributed back to the people.
I do agree that only quick fix to bring down prices is stopping immigration. With 15% youth unemployment in Toronto its still called racist for saying so however. But I see your point that a GST rebate for investors is very silly.
Of course continuing near the current immigration level still requires rezoning all over Canada. I still think that’s the best plan, as it is the only thing to deal with the land shortage. BC had done it, as has much of Alberta, because they are actual progressives, but we need to force the likes of Ford and Chow.
Those will help a bit and sound good, but will take decades to bring down costs, if at all.
They also do nothing to prevent investors from buying up all of the land. My main criticism against it vs the liberal plan is that they have no restrictions on the tax reduction on ALL sales of homes.
This is a good benefit for individuals, but a massive benefit to investors. Why they wouldn’t limit it to only primary residences boggles my mind.
He liberals limit it to first time home buyers which has its own problems (prevents downsizing for seniors etc), but it is much better than the cons plan.
I should also say that I believe the only way out of the housing crisis is significant tax reform, specifically a revenue neutral land tax that is very heavy based on what the owner could get by renting the land, but gets equally distributed back to the people.
I do agree that only quick fix to bring down prices is stopping immigration. With 15% youth unemployment in Toronto its still called racist for saying so however. But I see your point that a GST rebate for investors is very silly.
Of course continuing near the current immigration level still requires rezoning all over Canada. I still think that’s the best plan, as it is the only thing to deal with the land shortage. BC had done it, as has much of Alberta, because they are actual progressives, but we need to force the likes of Ford and Chow.