Agreed. To have one or two investment properties makes good investment sense but there should be a limit. 20 properties and controlling market rents is just a monopoly. Homes are shelters and should never be owned by companies and institutions.

Properties shouldn’t be allow to remain vacant for extended periods of time without paying higher taxes. Until everyone that wants a home to live in has a home, this support of investors needs to stop. Further, the Bank of Canada during the pandemic should have been supporting businesses only. The lowering of the interests alone would have helped individual families. Buying back mortgage securities coupled with QE to credit credit was and is criminal. So many individuals were lead to believe they needed to jump in or lose their chance at homeownership. Many will now be underwater. All because Tiff needed to maintain this illusion of growth.
It’s time also to review and revamp the real estate commissions structure and culture. It’s a monopoly. If someone wants to move it shouldn’t cost 5% plus HST of their equity. On a $1M sale that’s $56.5K of your money. Why so much? You pay your lawyer, who went to school for 5 yrs $2K. Most other industries are regulated. Why not the RE industry? And don’t get me started if you want to sell your own home. You’ll get blacklisted unless you offer agents their 2.5% plus HST. Sinful.

What is the point in working and paying taxes if home ownership, good living, a chance at creating a family, and retirement are no longer possible?

Canadian society exists solely to nurture it’s citizens- when it no longer serves that purpose, the narrative no longer can be followed. Therefore, in the face of a police state and Toronto Police victimizing the homeless, death seems like the only option for those Canadians.

I hope what you say will become true.

There is a homeless crisis in Toronto that the Toronto Police are trying to sweep under the earth by literally kicking the unhoused people like ants.

Sorry to hear that.

Read up on the disabled man who wants to choose medically assisted death because he might become homeless this winter.

I guess suffering from frostbite and becoming a living popsicle for a few hours before dying is more painful than an injection or pill that helps a suffering Canadian escape this capitalist hellhole.

What about an undisclosed ownership tax? At least the money launderers etc. would have to subsidize those of us who live legally…