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The Conservative Party's Recovery Plan includes the party’s platform on housing affordability actions if they are elected, on pages 55 to 56. Here are my comments about their plan.
According to Canada Mortgage and Housing Corp., one in four Canadians will be over the age of 55 within five years and many of them won’t have enough money to see them through “aging in place with dignity”.
The Ford government introduced Ontario Electricity Rebate (OER). The rebate is not free, it can’t last and it has not met its purpose of saving money for Ontarians. The government is “stealing from Peter to pay Paul.”
From what I have researched I don’t see anything that indicates that the Canadian insurance industry and 82 per cent of its member companies were hurt by COVID-19 – quite the opposite.
The Toronto Regional Real Estate Board might survive the technology sea change by morphing its MLS into a Zillow-like service but where does that leave Realtors?
My partner and I invested just under $1 million to purchase a beautiful ranch-style bungalow that we converted into long-term affordable "home share" housing for seniors in Peterborough, Ont.
Management of some of the very largest real estate boards has demonstrated a profound lack of awareness of the 60-foot tsunami heading their way.
The net profit from a rental property is much less than tenants, media and the government believe, and it's these same entities who collectively think residential landlords are rich and can afford to carry all the consequent losses caused by COVID-19.
Very little of substance from any level of government in Canada gives me hope that affordable housing in Ontario will become a reality within the next decade, but I see much evidence that it won’t happen.
The LTB in Ontario, broken for years, is now resorting to deliberate underhandedness to further frustrate landlords into abandoning their right of due process.