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New housing plan splits opinion

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Real Estate Professional | 21 Apr 2017, 01:30 PM Agree 0
The Ontario government unveiled its “Fair Housing Plan,” which has drawn both negative and positive responses from industry associations
  • J-Cloud | 21 Apr 2017, 04:34 PM Agree 0
    I have two comments ... they haven't addressed the supply ... secondly these items are going to be presented and if passes...

  • Alister | 22 Apr 2017, 01:05 PM Agree 0
    It's a great shame that this government has once again displayed its complete inability to understand the the root of the problem the lack of supply to meet the current market demand and how that impacts affordability.
    Instead of creating or providing new incentives to increase supply, the government has decided to penalize existing owners by forcing new taxes on real estate ownership. It seems that new taxes is this governments answer to everything! New restrictions on landlords or trying to force property owners to become unwilling landlords is not a fair solution to meet the supply and demand problem either! To increase the rental supply of properties, government should take immediate steps to address the unfairness of the landlord tenant act which repeatedly protects bad tenants and penalizes the landlords. Non payment of rent and property damage by bad tenants should be a considered a serious offence with real consequences. Landlord and ownership rights should be restored to protect against bad tenants. If landlords and property owners were given more garuntees against tenant default more property owners would enter the rental supply market!
    Imposing new taxes and penalties is not the answer to increase supply, creating real incentives through tax cuts and removal of red tape for developers to rezone, build or convert redundant buildings etc could greatly assist in adding to supply.
    Additionally, government should provide tax incentives for businesses to move out of congested mega cities into smaller communities, helping to reduce city traffic congestion and helping to reduce the demand on the limited city property supply, this helps to spread the wealth across the province easing city property prices, as the demand shifts to more affordable areas capable of supplying the space to meet the demand.
  • Sofia | 22 Apr 2017, 02:51 PM Agree 0
    If in Canada honesty is a priority, then my opinion is that the Government must forbidden the hidden multiple offer...
    The offers must be seen by all the buyers and not hidden, only this way will put an end to these ridiculous and unjustified prices and will stop to steal legally money from buyers
  • Jay B. | 22 Apr 2017, 06:16 PM Agree 0
    I agree with the last comment. If we want to eliminate buyers over paying blindly under psychological duress and emotional excitement let the offering prices be known to all competing offerors just like in auctions where the bidder knows which bid he/she wants to overcome Right now in our multiple offers situation competing buyers are offering price in the total dark and driven by the fear of losing. So to avoid these crazy blind bidding wars let RECO makes the rule that whenever there is more than one offers the price and terms of all competing offers should be known to all offerors so no one walks in the dark or being manipulated by vague statements such as " go with best foot forward" from the buyers agent. Of course some may bring privacy issue here but let RECO’s legal department hammer that out.
  • Mozart | 23 Apr 2017, 07:56 PM Agree 0
    Well said. The government sees all landlords as money sucking corporate giants that are taking advantage of the poor tenants. In fact, i know many people who are stuck with tenants that are paying well below market rents and who are living a better quality of life than the owners of the property who are being dragged with ever increasing maintenance and utility costs and cant pass on those costs to the tenant. These tenants will stay in these properties forever, and the poor owner of the property will never be able to make any money from his investment. This is what is going to happen with these new laws. Kathleen and her band of idiots have now realized that they are desperate for votes and they are trying to get all the tenants on their side and forgetting about everyone else that has invested all their hard earned money into a small property and is basically scrapping by. Small landlords need protection too!!
  • Freida | 01 May 2017, 11:18 AM Agree 0
    Sellers should not be allowed to list at a price that are not willing to accept given that all other terms are agreeable in the offer.
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