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Originally Posted by calculoso
Did you miss where I specifically said purchases for investments?
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We're not in disagreement that people invest in real estate.
I specifically quoted the part of your post where you stated only a fraction of homes will be occupied, because that's the part I wanted evidence for and the part I'm calling out as nonsense.
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Your numbers above and action by the BC government clearly show that it is an issue. Similar actions need to be taken either country wide or at least in other high-dollar value locations.
A cabin in the woods or at the lake left “vacant” isn’t a problem. A vacant house or condo in Toronto or Vancouver is a problem.
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And the impact of those changes clearly show it's not the driving issue and that wasn't the solution needed.
It didn't solve affordability in BC and it won't in Ontario.
I'm not saying they shouldn't do anything about empty homes, but that's a tiny part of the supply issue in these cities.
Unfortunately many people like yourself cling on to those headlines about empty homes, foreign buyers etc as the driving issue.
Then politicians react to those not in order fix the problems, but the appease voters and show optics that they're doing something about it.
The problems continue to get worse but they can say they did something in reaction to your concerns.