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Canada to exempt new properties from the foreign buyers ban (www.castanet.net)
submitted 4 days ago by to c/canada@lemmy.ca
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Most of what I've heard of the budget has seemed relatively positive, but this just seems like an insane own goal.

Toronto's condo market has collapsed (and hundreds of thousands of people are living in shitty conditions), because we have a massive oversupply of investor condos and nothing else.

So what does the federal government do? Incentivise the construction of investor condos.

What. The. Honest. Fuck.

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[–] 10 points 4 days ago

Great for the status quo in light of new threats. If you want to help people, you need the NDP.

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