Authorities have yet to exhaust the well when it comes to addressing the housing crisis\n.<\/p>\n\n\n\n\n\n
Steadily-depleting inventory, along with sustained appetited from both domestic and international consumers, continue to drive accelerated home price growth, which has compelled policymakers to implement measures like the foreign buyers\u2019 tax.\n\nHowever, while this remains a valid tactic, there is another strategy that authorities can and should consider, according to RE\/MAX Canada.\n\n\u201cRemoving the exemption on capital gains for principal residences could have a greater impact on market disruption,\u201d RE\/MAX said in a recent market analysis.\n\nThis would be a particularly important step considering that an estimated 55% of would-be home buyers have cited possible capital gains taxes as a major barrier to buying a home over the next five years, RE\/MAX said.\n\nOther roadblocks include mounting property-related taxes (64% of respondents) and rising interest rates (58%)..<\/p>\n\n\n\n
\u201cDespite the ongoing challenges facing Canada and the world, if economic decision-makers make pragmatic and evidence-based decisions that do not penalize Canadians, but incentivize them with regards to interest rates, immigration, and taxation, the housing market is likely to be stable, albeit expensive, over the next five years,\u201d said Christopher Alexander, president of RE\/MAX Canada.\n\nGiving consumer-side voices more influence in policy formation might also make the process of developing effective solutions easier, Alexander added.\n\n\u201cThe Canadian housing market has historically given homeowners great long-term returns and solid financial security,\u201d Alexander said. \u201cIn order to maintain this, as we look ahead, it\u2019s crucial that governments and policymakers take a thoughtful and collaborative approach that addresses the worries Canadians have when it comes to home ownership.\u201d Sam Ansari, Mortgage Broker, Centum Liberty Mortgages Corp., 7191 Yonge Street Suite 505, Thornhill ON L3T 0C4.<\/p>\n","protected":false},"excerpt":{"rendered":"
Authorities have yet to exhaust the well when it comes to addressing the housing crisis .<\/p>\n","protected":false},"author":1,"featured_media":866,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[9],"tags":[39],"_links":{"self":[{"href":"https:\/\/samansari.com\/index.php\/wp-json\/wp\/v2\/posts\/501"}],"collection":[{"href":"https:\/\/samansari.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/samansari.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/samansari.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/samansari.com\/index.php\/wp-json\/wp\/v2\/comments?post=501"}],"version-history":[{"count":3,"href":"https:\/\/samansari.com\/index.php\/wp-json\/wp\/v2\/posts\/501\/revisions"}],"predecessor-version":[{"id":1367,"href":"https:\/\/samansari.com\/index.php\/wp-json\/wp\/v2\/posts\/501\/revisions\/1367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/samansari.com\/index.php\/wp-json\/wp\/v2\/media\/866"}],"wp:attachment":[{"href":"https:\/\/samansari.com\/index.php\/wp-json\/wp\/v2\/media?parent=501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/samansari.com\/index.php\/wp-json\/wp\/v2\/categories?post=501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/samansari.com\/index.php\/wp-json\/wp\/v2\/tags?post=501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}