this post was submitted on 13 Sep 2023
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[–] [email protected] 5 points 1 year ago* (last edited 1 year ago)

Up to 30% of Canadians are domestic speculators. Doesn't matter how much we build when people just buy it up to increase their portfolio. We need a ban on this activity or a very very heavy tax to force them to sell.

https://ca.finance.yahoo.com/news/speculators-30-homeowners-provinces-statscan-143600364.html?_guc_consent_skip=1694666705