30% or more of the property in some Canadian cities is owned by foreign nationals.
Why?
If a rich person or corporation from Dubai, America, Germany, China wants to operate in Canada, they should LEASE a property from a CANADIAN.
Canadian property should be owned by Canadians. Period.
If a rich foreign national wants to have a vacation property here, they should have to lease it from a Canadian who owns it.
Around the world, foreign property ownership threatens the sovereignty of nations.
It's the new legalized colonialism. Buy it all up. The people who live here can't afford property and it's price is artificially inflated by foreign ownership.
I have a number of people I know who own property.
This next point steps on some of their toes,
I'm sorry. Really. I understand your investment.
But CANADA, the country I love needs this to be said.
Limit ownership of Residential property.
No one has a need for more than 2 houses.
Sell the others to your children.
In Edmonton I rented a suite in a house from a man who owned over 20 houses.
While millions of Canadians can't afford to buy a single house.
Allow people ownership of 2 residential houses, after that tax the fucking shit out of them.
They don't fucking need it.
Make people with lots of houses give them up by making the tax on more than 2 houses higher than the mortgage itself. And make them pay it every 3 months.
So they have a 3 month period to buy a new home, and sell one of their other 2.
Property inflation is skyrocketing because of external influences and speculation.
We need, as a whole society, to put an end to it.
Or it will kill us, we'll continue this cycle of haves and have nots.
Families need houses, not an apartment.
Free up millions of Canadian properties by making them too expensive for speculators to hold on to.
And finally.
End Business/Commercial property speculation.
Everyone in Canada, every single day, walks or drives by a property that has a sale/lease sign
And that sign has been there for 10 years or more.
EVERYBODY knows what I'm talking about.
Make the tax on an unrented property 3 times the normal.
Attach fines to Commercial properties that remain unused for long periods.
Millions of Canadians want to start a business.
If they can even get a fucking loan they face a horrid market filled with speculation.
It's rampant.
Identify properties that were once commercial and have been sneakily rezoned or converted to storage or even a suite.
Turn them back into available properties
Whole neighborhoods that lost a corner store due to a new buyer who just wanted to speculate
will be revived by NEW businesses serving the community.
We need it.
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