From faster approvals to hiring more workers, governments need to step up: experts

Peter Armstrong · CBC News

  • @fresh
    link
    49 months ago

    I am in support of any measures to make the lives of speculators and investors miserable but even the graphic you share endorses increasing housing supply! Singapore is famously super YIMBY and builds tons of public and market housing.

    Frankly, whatever else we do, there is NO solution without significantly more supply. Yes, let’s change our tax code to stamp out speculation, but it will take years, if not decades, to catch up on building enough supply even if we make changes now.

    • @[email protected]
      link
      fedilink
      39 months ago

      Of course. Purely based on numbers we need more units. But again, if we build more it’s going to help speculators more than FTHB unless you over build. So you’re just growing the wealth divide.