TORONTO — A new poll done for CIBC says 76 per cent of Canadians who don't own a property say entry to the housing market feels out of reach. The bank says the online survey done in February found that 70 per cent of non-owners cited overpriced markets as one of the main barriers to achieving their homeownership goal, while 63 per cent cited the inability to save for a down payment. The poll also found that 55 per cent of non-owners said they'll only be able to afford a new home with an inherita
Much of the tax system that favors using housing as a investment is from the federal level as well as the demand side. You get taxed more for building average dwelling then you would flipping a place.
At no point did I state it was entirely the federal governments fault, they’re the ones that said they would do something about it.
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Housing is the jurisdiction of the provinces. There’s limited latitude with which the Federal government can act.
They’re not using those enough, but let’s not act like it’s all the fed, and not the provinces choosing to fuck us over too.
Much of the tax system that favors using housing as a investment is from the federal level as well as the demand side. You get taxed more for building average dwelling then you would flipping a place.
At no point did I state it was entirely the federal governments fault, they’re the ones that said they would do something about it.