The broad strokes of the agenda were outlined in the mandate letter the prime minister gave to Housing Minister Ahmed Hussen.
He says the government would draw a line between mom and pop-style landlords and large real estate trusts that own hundreds of units as a passive investment vehicle and may not care whether they are occupied. The high cost of housing, particularly in major urban centres like Toronto and Vancouver, drove political parties to promise multiple measures to address housing affordability concerns.
Among these are a promised ban on blind bidding -- when sellers opt not to reveal the details of competing bids -- or the right to a home inspection prior to purchase. The money could help offset the cost of land to build new projects, help local governments hire more planners to speed up approvals, or let cities rewrite zoning rules to push builders to add affordable units to a proposed development.
Who in the world voted for these people.
Just do one simple thing. Ban home refinance within a mortgage term. Problem will solve itself. People have cash because of refinance. Cut that source and see how investment property market tanks. HonAhmedHussen
No mention of the election promise to ban foreigners from purchasing real estate.
With a tax on the sale of your home I would guess. You just can’t make this stuff up😜