this post was submitted on 12 Sep 2023
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30% of Canadians are domestic speculators. This isn't a myth, it's a fact.
Not arguing there, but GP was saying that a horrendous number of units are vacant which is simply not true. And there are a few cases where being a landlord isn't hoarding housing away from potential buyers, like in a University neighborhood where students and temporary staff will need access to rental houses. Now, obviously, student housing would be better handled by purpose-built multi-unit rental buildings but city hall says no.