Gordon J Holtslander on Nostr: nprofile1q…lqu5h "Canada’s rental housing affordability crisis continues to ...

nprofile1qy2hwumn8ghj7un9d3shjtnddaehgu3wwp6kyqpqk4qmle0sq0u0fwfz8l7zr85j3ag07z0v3lzj7xrkz5v6sfxdd00svlqu5h (nprofile…qu5h) "Canada’s rental housing affordability crisis continues to worsen - in 2023, rents increased by 8% while wages grew only 5%. At the same time, the real estate sector collected $50.4 billion in profits in 2023, 40% higher than its pre-pandemic record. The increasing financialization of housing has contributed to the affordability crisis, and is exacerbated by preferential tax treatment for capital gains and real estate investment trusts (REITs)." https://www.taxfairness.ca/en/resources/reports/how-tax-breaks-are-worsening-canadas-housing-affordability-crisis