Fuck capitalism, more socalism!
this post was submitted on 21 Jun 2025
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The Canadian housing market is the worst free market there is, its fully government controlled and hence we have massive shortages.
Afaiu,
- a real “Free market” is a myth.
- A fully gov. Controlled market is not a free market by definition.
- The problem with the Canadian housing market is not government regulation, it is excessive marketization (and not enough of the right kinds of regulation).
80% of the land in our largest cities is zoned for single family homes. Our developer fees and taxes are also 1/3 the cost of a home and are some of the largest taxes in the world. Bureaucracy takes ages in Canada for permitting, some of the slowest in the world.
Its fully government contricted, basically a form of price controls via single family home exclusivity, and huge taxes to artificially drop property taxes on existing urban sprawl; so of course there would be shortages.