Population and Housing

[plam]

If you go and look things up, though, foreign housing ownership is less than 5% in any Canadian market. Vancouver is the worse at 4.7%, Toronto is something like 3% and Montreal is 2-ish %. So the whole "ban foreign owners" seems to me to be nothing more than xenophobia and bigotry.

Absolutely, and if it was the CPC that did this, it would be called out exactly as xenophobia and bigotry, because it would be true. But since it's the LPC doing this, they can do with without being questioned, especially the media will be silent.

They're using a popular opinion by doing this, and they can say 'we tried', meanwhile, prices will continue to go up, and more and more people will be pushed closer to being homeless -- that, or shacking up with the 'rents the rest of their lives. The government doesn't have the balls to do what is really needed, because by doing so, they stop funding their own party interests and their special interest groups. Follow the money, folks. It's nothing more than lining the pockets of the elite, and that group continues to be protected.

It's also the case that very few governments in the Anglosphere have been able to solve their housing crisis yet. People are trying different things. Interest rates don't help.