Premier David Eby has been clear that speculators are in his crosshairs, and with the 2024 budget his government has announced details of a new 'BC Home Flipping Tax.'
I would agree with a cap of 2 detached houses per person/couple.
Rent is not just for apartments, some people have families and need to rent as well, due to work and other life conditions. Can’t easily house 2 adults and 3 children in an apartment.
Just ban corporations from owning homes for “investing”.
Also make a cap on the number of single family homes one person can own. Rent is for apartments.
I would agree with a cap of 2 detached houses per person/couple.
Rent is not just for apartments, some people have families and need to rent as well, due to work and other life conditions. Can’t easily house 2 adults and 3 children in an apartment.
This, but the government also has to be active in closing loopholes as people discover them, and make sure people know that’s their plan.