Experts say Ottawa is playing more of a role in housing, which is mostly a provincial and territorial responsibility, but federal involvement hasn’t brought much relief amid rising home prices.
Experts say Ottawa is playing more of a role in housing, which is mostly a provincial and territorial responsibility, but federal involvement hasn’t brought much relief amid rising home prices.
Even if not directly responsible for housing they are directly responsible for immigration. Why would they approve a million immigrants a year if they know that provinces are only able to build 250k housing units a year?
It is not even immigration though, out in BC we have foreign owned homes and owner moves back to China leaving house empty or only a single basement suite occupied to have hydro/gas still being billed at the residence. Two of my friends are suite renters in this type of situation. The one hasn’t seen the landlord/family in 2 years, so you have a 3500 sqft home empty, causing upward pressure on the housing. I went to rent a house once and Chinese owner and their agent were in town so we did a tour and negotiation. We mentioned the place smelled a bit they said it was rented before but tenant moved out, and has been empty for 6 months because they live in China, so no airflow. When we talked about deposit and cheques and notice to end lease etc. The owner was like, try it out, if you don’t think it suits you just move out and we will ignore terminarion of lease issues. The whole vibe was "we don’t even care if it is rented, but we have to make a half assed effort to look like we are trying to tenant it. " It was listed well below market rent and empty, so they weren’t in any hurry to get rent cheques or have it occupied.