Langstaff Gateway Condos prices.Will house prices in Canada really fall? According to a document released by the Canadian Federal Commissioner for conflict of interest, about 1/3 of ministers in Trudeau’s Liberal cabinet own real estate for rental and investment purposes.Please Visit: Langstaff Gateway Condos prices to Get Your VVIP Registration Today!
Although this is perfectly legal, such a high proportion also reflects that more and more Canadians see real estate as an investment rather than a place to live.
Fang Huilan, deputy prime minister of Canada, attacked the phenomenon of “intergenerational injustice” (intergenerational injustice) when promoting the new budget on Monday, according to the local English-language media Globe News. “as a 53-year-old, one of my biggest concerns is intergenerational injustice, which shocked me,” she said. We (this generation) have a better chance of buying a house and starting a family than today’s young people. We cannot allow the new generation in Canada to be excluded from the dream of owning a house. ”
The so-called “intergenerational injustice” simply means that the younger generation no longer have the same opportunities to buy houses as their parents did when they were the same age. The reason is obvious to many: investors’ entry into the market has pushed up house prices and robbed them of housing, putting the relatively cash-strapped younger generation at a disadvantage.
This view has been confirmed by an analysis released by the Bank of Canada earlier this year. The report points out that now, especially during the COVID-19 pandemic, investors buy more houses than first-time buyers or even multiple buyers (repeat homebuyers), that is, to buy multiple properties, but not for investment purposes. Investors have taken 1/5 of all home purchases in Canada, while the share of first-time buyers hit a new low last year.
Similarly, a document released by the Federal conflict of interest Commissioner also confirms that 12 of Trudeau’s 39 Liberal ministers, that is, nearly 1/3, declare to own real estate for rental and investment purposes. this includes houses being rented, vacant land, properties used for tourism, and properties intended to move in in the future, but if you own a house that is not for rental or investment purposes. Are not included in the declaration.
At the top of the list is Federal Housing Secretary Ahmed Hussen. He is the sole owner of a rental property in Ottawa.
Solving the problem of housing burden in the country is an important campaign promise of Trudeau, and Hou Sen is the person in charge and executor.
Fang Huilan, the deputy prime minister, owns two rental properties in London, UK, although she does not own any leased or investment properties in Canada. She is also the owner of a joint property in Ukraine.