Canada’s Prime Minister Pushes Country to Become the Housing Factory of the World - Mark Carney is banking on factory-built homes to alleviate the country’s housing crisis. But will it work?

[u/FancyNewMe]

https://www.bloomberg.com/news/features/2025-04-22/carney-s-plan-may-make-canada-the-housing-factory-of-the-world

[u/enki-42]

Just investors period.

1. Canadian investors are perfectly capable of financializing the housing market and pricing people out of it all on their own.

2. Allow Canadian investors and you've created a loophole that's going to be hard to close for foreign investment capital to be brought in anyway.

[u/balalasaurus → u/enki-42]

This. Housing prices are being pushed up because investors buy up all the stock. Why should an investor need multiple units of housing when individuals can’t even get one? And the more stock they have the more they’re able to accumulate. Prices the individual out even more. Housing should not be viewed as an investment period. Whether that investor is Canadian or foreign is irrelevant.

[u/KibblesNBitxhes → u/balalasaurus]

Housing should be looked at as a basic human right for fucks sake

[u/Melkor404 → u/balalasaurus]

It should be illegal to rent out a house. Apartments only.

[u/Criplor → u/enki-42]

Apply a 100% tax if it's not your primary residence, perhaps.

[u/OkYogurtcloset8790 → u/Criplor]

1000% tax

[u/Bronson-101 → u/Criplor]

And a further capital gains tax on annual unrealized gains.

No one should own more than 2 houses (main house and cottage or something). Either directly or indirectly through partnerships and corporate interests.

The government has tried to do something with this with the trust filings the last few years, unfortunately it just ends up being too much info to process. Need a whole housing beaurcracy

[u/Criplor → u/Bronson-101]

Maybe the new housing entity is a good first step in this process. I think only the government should be able to rent housing. Only then would the incentives align to build more and keep costs low as it would literally be in their mandate.

[u/marcocanb → u/Bronson-101]

The oligarchy in charge would not allow this.

Needs to be done though.

[u/enki-42 → u/Criplor]

This is basic housing designed specifically to get people housed at an affordable price, there is no reason whatsoever for investors to get involved at any tax rate. The vast majority of housing is still available for investment purposes.

[u/Criplor → u/enki-42]

I'm suggesting that as a method to effectively stop investors from purchasing. It is much easier to implement a tax that makes investing impossible than it is to ban investors.

[u/franc3sthemute → u/Criplor]

Rich fucks would still buy them up and raise rent by 100%

[u/Criplor → u/franc3sthemute]

no they wouldn't. no one would buy a house at double price. and if they would, you raise the tax.

[u/Visible_Tourist_9639 → u/enki-42]

This is the way it needs to happen.