this post was submitted on 23 May 2025
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Rent control goes a long way to solving the housing crisis (canadiandimension.com)
submitted 4 days ago by Sunshine@lemmy.ca to c/canada@lemmy.ca
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[–] seestheday@lemmy.ca 15 points 4 days ago (12 children)

There is only one mechanism that both reduces rent, and increases housing supply that I’ve heard of. Taxing the shit out of the land value (not the property value) a.k.a. Georgism.

The problem with this is that it WILL reduce the cost of housing which isn’t what our leaders actually want. They won’t say that part out loud though. This is because people want both affordable housing for our youth and people starting out, and they want retirees to be able to cash in on the value of their home.

You CAN’T have both things. If the market was flooded with $300k houses then the value of everyone’s house would plummet because why wouldn’t you just buy a $300K house instead of a $1M house?

[–] Sixtyforce@sh.itjust.works -1 points 3 days ago* (last edited 1 day ago) (1 children)

So this government will know this, see the youth giving up on them in favour of the same cancer going terminal in the USA, and ignore it.

Sounds good.

Edit: I don't care if it's up to provinces at present. Change that or enjoy increased risks of maple fascism 4 years from now. Doing nothing is pathetic.

[–] Yaztromo@lemmy.world 3 points 3 days ago (1 children)

Let’s be very clear here: HOUSING IS THE RESPONSIBILITY OF THE PROVINCES.

As well, PROPERTY TAX (TAX ON LAND) IS THE RESPONSIBILITY OF PROVINCES.

So if by “this government” you mean the Carney Liberals you’re right in the sense they won’t do anything about this — but the reason for that is they can’t. That’s not their Constitutional role, and the levers they can pull in this regard are minimal (and mostly revolve around either mortgage insurance, regulating the financial sector, and dolling money out to Provinces).

If you’re upset about housing, you should be upset at your Provincial Government, not the Feds.

[–] toastmeister@lemmy.ca 1 points 3 days ago* (last edited 3 days ago)

The federal government loosened LMIA requirements, increased immigration, created a surf class the UN described as modern slavery. That all directly affects housing for Canadians who fight for finite land and jobs, as we fail to invest in modern infrastructure like high speed rail to make it sustainable.

One year we brought in 1.4 million people, the US brings in 1/4 that per year and has 10x the density , so 2.5% on a per capita basis.

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