If the government is going to get more involved, they should build more, not force owners to fix their prices in a volatile economy.
Instead, the rent should be managed by the markets, which will be beneficial to all renters if government built supply can beat the demand. We shouldn’t stop building until we reach such a point.
We also need policies for how many homes you can own, building more won’t help if they all turn into airBNB. Thankful BC halted airBNB unless it was also your primary home, we did see a flood of units back onto the market as “Investors” had to sell
If the government is going to get more involved, they should build more, not force owners to fix their prices in a volatile economy.
Instead, the rent should be managed by the markets, which will be beneficial to all renters if government built supply can beat the demand. We shouldn’t stop building until we reach such a point.
We also need policies for how many homes you can own, building more won’t help if they all turn into airBNB. Thankful BC halted airBNB unless it was also your primary home, we did see a flood of units back onto the market as “Investors” had to sell