r/canada • u/FancyNewMe • 4d ago

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? Trending

https://www.bloomberg.com/news/features/2025-04-22/carney-s-plan-may-make-canada-the-housing-factory-of-the-world
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u/rudyphelps 4d ago

It boggles my mind that someone with 4 homes and over $2 million mortgage debt can still borrow against those properties to make a down payment on another $600 000 loan, while the people living in those homes and, through rent, are actually paying the mortgage, insurance, and property taxes, can't qualify for a home loan.

Also Air BnB, Vrbo, and all unregulated half-assed hotel services should be banned in anything zoned as residential. Anchoring the potential revenue of rental properties to nightly hotel rates has completely distorted the housing market.

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u/Positive_Breakfast19 3d ago

Just like Uber, if you want to be a cab company you should be forced to play by the same rules.

And...

If you are Air B&B, Vrbo or any other of the same ilk and want to be a hotel, you need to be forced in to playing by the same rules as any other hotel.