Speculation by Canadians ‘absolutely’ playing a role in red-hot home prices: expert
At least 20% of Canadian MPs hold rental, investment real estate amid housing crunchBut as Global News reported on April 13, one-third of the Liberal cabinet owns rental or investment real estate assets while at least 20 per cent of MPs from all parties do as well.
Part of that, he said, is because much of the responsibility lies in the hands of provincial and municipal jurisdictions, amplified by a lack of workers in skilled trades and “bottlenecks” on supplies.As a result, he said both Prime Minister Justin Trudeau and Conservative leadership candidate Pierre Poilievre —who own rental or investment property — have recently proposed are carrot-and-stick measures.
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