Experts say Ottawa’s role in housing sector has grown (Richard Raycraft · CBC News)

  • BedSharkPal
    link
    fedilink
    arrow-up
    4
    ·
    edit-2
    1 year ago

    Wait, it wasn’t the Feds who created the RRSP home buyers plan? The first time home buyers savings account?

    Both of which will raise demand and drive prices higher…

    How about the favourable tax conditions around homes? Not the Feds?

    They’re just lying, plain and simple.

    • corsicanguppy
      link
      fedilink
      arrow-up
      3
      ·
      1 year ago

      Primarily

      They’re just lying, plain and simple.

      Nope. Supply/Demand. They enabled people to buy into a market they couldn’t otherwise afford, but they’re not the primary cause of it.

      You’ll want to direct your ire to the speculators, the Air B&Bers the buy-to-rent-to-buy-to-rent folks. THOSE are your primary causes.

      • EhForumUser
        link
        fedilink
        arrow-up
        1
        ·
        edit-2
        1 year ago

        The primary cause is that we’ve put a lot of focus on making life, in large cities in particular, around those houses much more livable.

        We like to talk about how cheap those city homes were 50+ years ago, allowing you to buy them for a song, but do you remember how awful cities were back then? They were industrial, crime-ridden nightmares. Homes were cheap because nobody wanted them.

        Things have changed dramatically over the past 10-20 years. The messy industry has mostly left, often replaced with businesses which provide enjoyable actives (restaurants, shopping, entertainment, etc.). We’ve made great strides in reducing car dependance, improving mass transit and cycling options. Crime has plummeted. The list goes on and on.

        AirBNBs, etc. have come into existence for the same reason: People today actually want to be there. That is your primary cause. Desirable things are more expensive than undesirable things. That’s the way it goes.