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A home equity tax?

As Canada grapples with an increasingly dire housing crisis marked by soaring property prices and rents, the matter has escalated into a significant political concern. Vulnerable demographics such as young individuals and fixed-income citizens are feeling the brunt of the rising cost of living.

Acknowledging the urgency of the matter, the Trudeau administration appears to be struggling to formulate effective strategies to address the crisis. In a Epoch Times piece by Cory Morgan, he laid out his point of view on the issue, highlighting that the government recently organized a cabinet retreat on Prince Edward Island, during which housing affordability was a central topic.

Among the speakers invited was housing expert Paul Kershaw, known for his unconventional ideas, including the suggestion of an equity tax on primary residences. The prospect of the Liberal government entertaining Kershaw’s proposals has critics fearing that this could have profound implications for homeowners and the housing market at large.

You can read more on the matter here.

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Gatekeeper CEO Doug Dyment

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