this post was submitted on 25 Nov 2025
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[–] velindora@lemmy.cafe 11 points 20 hours ago (7 children)

The solution is to ban foreign ownership and anything that is foreign owned needs to be sold within 12 months or it becomes property of the state.

[–] GrindingGears@lemmy.ca 2 points 4 hours ago (1 children)

Foreign ownership is a red herring.

You actually want to end this? End the principle residence tax exemption.

[–] velindora@lemmy.cafe 1 points 2 hours ago

I want it all to end lol. There are many reasons. And many parts of a solutions. They all need to happen. No non-citizen ownership of land. No corporate ownership of single family homes. No more than two homes per person, and maybe only one can be rented.

Whatever rules keep costs down and investors out. I’m down for everything.

[–] SaveTheTuaHawk@lemmy.ca 2 points 9 hours ago (1 children)

This is proven bullshit. The problem is thousands of Terry and Barb Boomers investing in real estate speculation.

Next, blame immigrants.

[–] velindora@lemmy.cafe 2 points 7 hours ago

Proven? Show me the data.

[–] Pyr_Pressure@lemmy.ca 1 points 9 hours ago (1 children)

I would also say that no one should have any more than 2 parcels of land, anymore gets taxed heavily to make renting not worth it.

Businesses should also have a limit on how many properties they own. Shouldn't be able to create a Blackstone situation where they own a good portion of all properties in an area.

Limit it by # of properties of hectares/acres in area.

[–] velindora@lemmy.cafe 1 points 7 hours ago

Very good ideas

[–] DarkSirrush@piefed.ca 9 points 15 hours ago (2 children)

No, the solution is that corporations are banned from owning housing, and no individual be allowed to own more than 2 properties.

Housing being a portfolio asset and not a necessity is what has caused this mess, not foreign influence.

[–] SaveTheTuaHawk@lemmy.ca 3 points 9 hours ago

CRA needs to stop making real estate a tax haven. But we are now so over leveraged as a country, any changes would collapse Canada into a failed state. >80% of all the wealth in this country is now trapped in real estate.

[–] velindora@lemmy.cafe 0 points 15 hours ago* (last edited 15 hours ago)

Agreed, But also, non-citizens should never own property

[–] grte@lemmy.ca 3 points 12 hours ago* (last edited 12 hours ago)

Foreign ownership of housing is a small part of the issue.

spoilerGraph showing type of investors purchasing property in Canada

(Source)

Canadians are very content to collect rents from each other. You could ban foreign ownership entirely and it won't make housing affordable.

[–] No_Ones_Slick_Like_Gaston@lemmy.world 8 points 19 hours ago (1 children)

Workaround : a company bought it, Investors are in another couple of offshore company, no names.

This game has been played by money Laundering folks a d foreign investment companies, sounds good as a headline but putting it in practice is way harder.

[–] velindora@lemmy.cafe 12 points 19 hours ago (1 children)

No corporation should be able to possess a single-family home. It’s pretty easy to tell when something’s a shell company for a foreign owner. Just do it. The government needs to get off it’s fucking ass

[–] non_burglar@lemmy.world 5 points 17 hours ago (1 children)

I don't think anyone disagrees, you're just about 35 years too late.

When corporations were starting to claim "rights" as a person would in the early 90s, many people objected loudly. Money is louder.

[–] velindora@lemmy.cafe 2 points 16 hours ago (2 children)

I’m not about 35 years too late. I’m saying we take it and if they have a Problem… They can go to a court and get rejected. And if the court doesn’t reject them, break the legs of the court. Do it French style.

Of course, that won’t happen… Whatever the States are doing as well should be expected in about five or 10 years.

[–] non_burglar@lemmy.world 1 points 9 hours ago (1 children)

Oh, I see. We're describing our fantasy solutions.

[–] velindora@lemmy.cafe 1 points 7 hours ago

Right, because there are no solutions anymore. No policies will ever pass that hurt the rich.

[–] grte@lemmy.ca 2 points 12 hours ago (1 children)
[–] velindora@lemmy.cafe 2 points 7 hours ago

Perfect. Grab it up.

[–] Tollana1234567@lemmy.today 2 points 14 hours ago (1 children)

but chinese money is too good to miss for canada though.