Governing real estate inflation

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Ward
Governing real estate inflation

Obvious to me is to take greed out of the equation when it comes to having a residence you can call home.

I would forward the concept that extending a capital gains tax to 5 or 10 or infinity years might make sellers think twice about how much they ask for their house.

Mr. Magoo Mr. Magoo's picture

Quote:
Obvious to me is to take greed out of the equation when it comes to having a residence you can call home.

But you can have a residence you can call home pretty much anywhere.  If it's in Toronto or Vancouver, it'll cost ya.  If it's in Cornerbrook or Peterborough, maybe not so much.

Are there any other considerations, besides "can call it home"?

Ward

Campsite?

Pogo Pogo's picture

We should construct our housing system (taxes, zoning and such) to make sure housing is being used for housing.  Housing as an investment needs to not overperform the market, you should be buying a home because you need to live there.

Ward

Fordlandia is an example of capitalistic failure... Toronto Paris Sydney etc. must have had some natural appeal for human settlement.

Desirability should not be misconstrued as greed (despite profit be seen as capitalistically desirable)

Price government of land is in my opinion acceptable...Perhaps control over the human efforts/improvements​ to land can be free to go nuts.

Ward

Toronto $25/square foot

Mr. Magoo Mr. Magoo's picture

The City should try an ad campaign:

"Toronto.  It's grimy, it's loud, and someone is shot here about once a week.  Is this where you want your children to grow up?"

Ward

Or.. Toronto...The gateway to Canada.