Social housing isn’t the solution, everyone is struggling now even skilled professionals are hemorrhaging money buying overpriced condo’s and apartments. It’s more a zoning issue if you don’t want to blame foreign investors. The Chinese government wanted to hunt down illegal funds being washed in Canada (they got turned down).

https://www.occrp.org/en/investigations/following-a-trail-of-tainted-money-from-china-into-vancouver-real-estate

https://www.theglobeandmail.com/opinion/article-the-high-price-of-chinese-money-laundering-in-canada/

If you have money what do you do with it? You invest it in property be it some billion dollar company or some corrupt Chinese national doesn’t matter the scale does.

Who’s responsibility is to prevent illegal funds from being washed through Canadian housing market? Probably not any politicians since most of them are invested in this bubble. Yeah I guess the solution is for everyone to have their fund drained by the market and for Canada to experience brain drain. I guess that’s another long term plan, I’m sure this won’t cause large social instability at some point when people get very tired for paying 4k a month for a 20 year old apartment.

Liberal government finally does something for the people. Though if they owned stock in meta they would have done nothing like they have done nothing about the housing crisis and people washing and parking their money through Canadas real estate market. I wonder if the NDP would of done better overall. But I’m just venting.

It would be nice if we could create post/communities that only sort comments on recency. I never did like the whole reddit upvote downvote button for comments.