Trudeau seeking advice from youth on 'pressing concerns' to inform future policy
Trudeau seeking advice from youth on 'pressing concerns' to inform future policy

Trudeau seeking advice from youth on 'pressing concerns' to inform future policy

The prime minister is meeting with his youth advisory board this week to hear its most 'pressing concerns,' with the aim of informing future policy decisions.
Implement a Singapore housing tax and you'll get my vote:
Hey that’s not fair, it would hurt the pockets of those who own Trudeau. He means ideas that won’t amount to any change. Duh lol.
For the lazy https://www.mnd.gov.sg/newsroom/press-releases/view/measures-for-a-sustainable-property-market
Seems reasonable to me, just glad i'm not a land-lord; wish i knew what the taxes were on.
Sincere question: how would this help renters? It seems to me that this would discourage people from buying investment properties to rent out, and increase the supply available to buyers. While this would make it cheaper to buy, it seems like it would make it more expensive to rent, unless one or more of the following is true:
If you or anyone else would kindly shed some light on this for me, I would gladly join your cause. As it stands, I'm currently more of an advocate for building public housing to increase the supply of both rental and purchase units, rather than adjusting the bias of what units we already have towards ownership over rentals.
Someone buying an investment property doesn't increase the amount of housing available. Sure, it's one more rental available, but it's also one less home available to be purchased by someone planning to live in it. I won't claim to be any kind of expert, but it's pretty obvious that it having a middle man extracting profit increases housing costs overall.
The type of investors that do increase housing are developers. In the tax model above, the developers can apply to have the tax reduced to 5% which seems to make it much more lucrative than buying individual houses to rent as is.
It appears the average Singaporean home was $1.2MM in March, $1.6MM in June, and $2MM as of a week ago. I'm surprised he hasn't adopted it already!
We need to bring back /s