Quote:
Originally Posted by Mr.HappySilp
Simple way to fix the housing marking. You can only own one home and have to be Canadian citizen. Anytime you have more than one then that's consider as an investment and you have to pay 4x the property tax. this rules apply to business as well.
But our gov will never do it coz there is too much money to be made. Why would they care about us when they can making money.
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Agreed 100%. If our government cared about future generations of Canadians they would have implemented a financial penalty on those pillaging the market as soon as it started going absolutely crazy, however when all of the politicians that would do such a thing are relying on their overvalued homes as part of a cushy retirement, they'd rather just watch it climb. Its a gross conflict of interest, because simply by luck of when most of them were born, the purchase price came much more in line with salaries when they were of home buying age.