this post was submitted on 12 Aug 2023
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In a country with some of the world’s most expensive real estate, Prime Minister Justin Trudeau’s government wants housing to become more affordable.

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[–] Magrath@lemmy.ca 14 points 1 year ago (1 children)

Yeah that won't happen. Houses just get bought up by those who can afford so they a) can rent them out and b) use it as a safe investment. House prices need to come back down to fix this anytime soon so they can't be seen as an investment.

[–] BCsven@lemmy.ca 2 points 1 year ago

Or as in the case of vancouver realestate a foreign owner buys it then never even occupies it