Pilot program offers hope for the homeless

May be a solution for most of the homeless people in Canada

Pilot program offers hope for the homelessAs most of us remembered on Canada Day, this is a pretty good country to live in. It’s hard to think of a better one. But it’s not perfect. We do have some serious problems that need fixing, like homelessness. In a country as rich as Canada, no one should have to go hungry, and…

Taxpayers need to take action against talk of a home equity tax

The Liberals should stop acting like they're considering taxing the sale of your home

Taxpayers need to take action against talk of a home equity taxBy Franco Terrazzano and Kris Sims Politicians think we should trust them just because they pinky promise not to impose a home equity tax, but Canadians pay members of Parliament to do more than talk a good game. MPs need to prove they won’t bring in a home equity tax by scrapping the requirement to…

Ontario land use policies make housing unaffordable

Young people aren't able to afford the homes they grew up in

Ontario land use policies make housing unaffordableA poll by highly respected IPSOS, released by BILD-GTA, shows a strong awareness of the Greater Toronto Area’s severely unaffordable housing. In the 15 years from 2004 to the last pre-pandemic year of 2019, the median detached house price rose more than 160 per cent (inflation-adjusted), about 5.5 times the rise in the consumer price index.…

Your standard of living has dropped under Trudeau

Liberal claims of “making life more affordable” since 2015 is hogwash

Your standard of living has dropped under TrudeauBy Franco Terrazzano and Kris Sims There was a clash between reality and the federal Liberal Twitter account last week. The self-congratulatory tweet claimed Liberals have been “making life more affordable” since 2015. When Canadians look at gas prices, grocery store receipts and mortgage payments, that claim might raise eyebrows. Does life feel more affordable…

How we can each deal with inflation

Buying only what we really need eases our budgets, simplifies our lives and cools the economy

How we can each deal with inflationInflation is a relatively new concept to younger people, who have never experienced the onslaught of rising prices. It’s chilling to those who have lived through or learned of times when hard-earned and well-saved money depreciated in value. Monetary policy in Canada aims to keep inflation at or under two per cent. The latest rate…

Policy restrictions have caused the housing crisis

Urban containment regulations on the urban fringe must be relaxed

Policy restrictions have caused the housing crisisFor 18 years, I have been monitoring international housing affordability as author or co-author of the Demographia Housing Affordability series. The latest edition rates 92 major markets in eight nations using the “median multiple”: the median house price in a place divided by the median pre-tax household income. In the early 1990s, median multiples in…

Thanks to government, housing and energy are becoming luxuries

Much of the blame for sky-high housing and energy prices is on governments

Thanks to government, housing and energy are becoming luxuriesIn a country like ours, with its vast expanses and abundant natural resources, housing and energy should be cheap. Yet over the past two decades, housing prices have shot up much faster than the growth in incomes, and now energy prices are doing the same. In both cases, much of the blame is on government.…

Buying a home during the pandemic

It’s been a wild ride for home buyers

Buying a home during the pandemicIf your home is your castle, and a castle is a fortified residence to keep you safe, then Covid-19 has taught us an important safety lesson: Owning your own home means you become the literal gatekeeper to your own health. But it isn’t only our physical health that has been impacted by the pandemic. Our…

Taxing homes the wrong way to cool the housing market

For many Canadians, the dream of home ownership is slipping away

Taxing homes the wrong way to cool the housing marketThe housing market has been red hot lately, which has been raising concerns about affordability. While the volume of sales has been high, so have prices. Canada-wide, the average home price rose nearly 20 per cent between November 2020 and November 2021, to the highest level on record: $720,850. For many Canadians, the dream of…

Higher taxes will make homes less affordable

The solution to the housing crisis is to build more homes, not raise taxes

Higher taxes will make homes less affordableBy Franco Terrazzano and Kris Sims Canadian Taxpayer Federation The federal government is using tax dollars to dream up a new way to hammer homeowners. In 2020, the online news site Blacklock’s Reporter discovered the federal government funnelling $250,000 through the Canada Mortgage and Housing Corporation to figure out how to improve housing affordability. The…