Design District condo.The house is for living. In order to curb the soaring real estate prices, he supports the government’s policies such as increasing housing supply, restricting foreign buyers from buying houses, and levying a “property speculation tax”, in order to ease the pressure on Canadian people to buy houses.Please Visit: Design District condo to Get Your VVIP Registration Today!
Canadian real estate growth has hit an all-time high this year, driven by inflation, speculative buying and a shortage of housing supply, with average house prices rising 18 per cent year-on-year in October. By the end of this year, the national average house price in Canada will rise by more than 20% year on year.
Canadian Prime Minister Trudeau has repeatedly promised to curb the rise in house prices by increasing the supply of unsold houses, subsidies, taxes and other means. But Chrystia Freeland, Canada’s deputy prime minister and finance minister, admitted that while the government was boosting housing supply, including comfortable housing, efforts to curb the rise in house prices could take “years”.
Husen said in an interview with Reuters that the Canadian government should curb speculative demand in the real estate market, adjust existing land policies to increase population density on land, and temporarily ban foreign buyers from entering the Canadian real estate market. Husen said Canadian houses should be used by the public to live, rather than passively used for foreign buyers to invest. He supported Canada to follow New Zealand’s example by allowing up to three homes to be built on the sites of most single-family homes.
“I agree that building more units on single-family land is one of the easy ways to increase the supply of housing.” “anything that increases housing supply, strengthens land use, builds more houses, and builds more houses on the same area of land is a good thing,” Husen said. ”
In particular, he mentioned that he agreed with the ban on foreign buyers, but he did not provide further details on the content and timing of the policy.