this post was submitted on 31 May 2025
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Why Pierre Poilievre lost his seat and Mark Carney couldn’t land a majority in Canada’s surprising election (archive.is)
submitted 4 days ago by [email protected] to c/[email protected]
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[–] sbv 13 points 4 days ago (2 children)

The next day, after his final news conference of the campaign, Carney stopped by a cafe in Newmarket. There, he was approached by a woman who said she was a realtor, and who urged him to get rid of the Liberals’ increase to the capital gains tax. It was causing investors a lot of problems, she told him.

“I got rid of it. I know it was a dumb idea. As soon as they did, I was like, ‘This is a stupid idea,’” Carney told her. “And I’m sorry about that, but I wasn’t there so I couldn’t prevent it. But now I can.”

le sigh

[–] [email protected] 9 points 3 days ago (1 children)

If I was elected Prime Minister, I'd just make real estate agents illegal purely out of spite.

Fucking parasites, all of them. They add no real value to the economy whatsoever.

[–] sbv 8 points 3 days ago (2 children)

Minimally, requiring bids to be in the open would go a long way. And price history to be included in listings. And taxing sale profit as income.

There are so many little things that could lower prices.

[–] Croquette 5 points 2 days ago

Flat fee for realtors instead of a percentage also wouldn't hurt.

[–] [email protected] 0 points 3 days ago (1 children)

Taxing sale profit would make things incredibly complicated. Actually determining profit would require tracking any and every expense paid as part of owning and maintaining the property, calculating depreciation of various components, etc, etc.

[–] sbv 4 points 3 days ago (1 children)

Aren't non-primary residences already taxed in that way?

[–] [email protected] 0 points 3 days ago (1 children)

Right, they don't consider expenses and upkeep there, but it would be quite detrimental to most people if the same would apply to principle residences.

[–] [email protected] 5 points 3 days ago (1 children)

You keep saying things they should be doing as if it's somehow arduous and not done by every small business owner in the country.

If your house is your investment, get ready to show your work.

[–] [email protected] 0 points 2 days ago (1 children)

Right, but once you factor in those improvement, replacement and maintenance costs, houses aren't really an investment.

[–] [email protected] 1 points 2 days ago* (last edited 2 days ago)

Keep your receipts. If you don't keep your receipts, that's on you.

Real estate has been a free ride for investors for at least two decades and it's made people homeless and broken the financial future of at least two generations. I don't particularly care if house-rich boomers and elder Xers have to keep receipts.

[–] [email protected] 8 points 3 days ago (1 children)

There was so much fear mongering about that tax.

[–] [email protected] 2 points 2 days ago

For a tax that barely affected the income of people who were already very, very rich, they sure did bitch about about it.