this post was submitted on 14 Oct 2023
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Yes, we should absolutely do that too. Calgary is going to vote on blanket rezoning all single-family housing area to allow 4-plexes (with additional basement suites), for example.
I guess the "simple" solution, looking at this data, would be to give a special BoC interest rate specifically for financing certain housing loans and mortgages, and continue raising the rate for everything else. There might be pitfalls to that that I'm not considering, though. You'd want to be sure there's no way for other instruments to inappropriately get cheaper as a result.
Tax speculators. It'll free up tons of housing.
I'm skeptical. Buying an expensive asset and collecting nothing from it is usually a good way to lose money. Didn't Vancouver already do this a couple years ago anyway?