(Reuters) - Canada on Sunday announced a two-year extension to a ban on foreign ownership of Canadian housing, saying the step was aimed at addressing worries about Canadians being priced out of housing markets in cities and towns across the country.
Canada is facing a housing affordability crisis, which has been blamed on an increase in migrants and international students, fueling demand for homes just as rising costs have slowed construction.
Ban amateur landlords.
You want to be a landlord? Better buy a purpose built unit like a triplex or larger that will encourage densification and stop fucking over families just trying to find a place to raise their family.
If both corporate ownership and amateur landlords are banned, then doesn’t that severely limit what a landlord can be?
I mean, that might not be a bad idea…
For single family homes - yes! I’m fine with corporate ownership of purpose built units. We need way more of them, and the idea that “mom and pop” investors would fill that void is silly.
I don’t think the differentiator should be corporate versus “mon and pop” landlords, but rather single family homes versus multi family buildings.
In my view, single family dwellings should generally be owned by the occupant, with very few, very rare exceptions.
I don’t see the issue