In the Greater #Toronto Area: "the median price of a single-family detached home decreased 4.5 per cent year over year to $1,382,300 in the first quarter of 2026, and the median price of a condo decreased by 6.5 per cent to $658,000."

[deborahh@cosocial.ca]

In the Greater #Toronto Area: "the median price of a single-family detached home decreased 4.5 per cent year over year to $1,382,300 in the first quarter of 2026, and the median price of a condo decreased by 6.5 per cent to $658,000."

Meanwhile, people are still standing in foodbank lines so they can pay their mortgages.
‍️ #housingCrisis
https://flipboard.com/@blogto/blogto-8o12e3orz/-/a-ow2SFg08QWqXEx2FqCuLLQ%3Aa%3A3332572087-%2F0

[pinhman@humanwords.party]

@deborahh Canada’s capital gains tax exemptions are funding the affordability crisis

How tax breaks are worsening Canada’s housing affordability crisis

How tax breaks are worsening Canada’s housing affordability crisis | Canadians for Tax Fairness

Introduction

(www.taxfairness.ca)

[pinhman@humanwords.party]

@deborahh

Will Canada ever follow Vienna and its success in challenging the inflationary for profit housing with limited profit housing policy?

It brings down housing costs.

Start at least with legislation to support limited profit housing .

"The system of limited-profit housing in Austria: cost-rents, revolving funds, and economic impacts

Limited-profit housing plays a significant role in Austria’s housing market. Around a
quarter of all households live in homes owned or managed by a limited-profit housing association (LPHA).

These associations are characterised by a distinct business model, based on the premise of cost-recovery and revolving funds.

By deviating both from the logic of for-profit housing and from public housing, LPHA occupy a distinct Third Sector role in Austria’s housing market."

https://www.housinginternational.coop/wp-content/uploads/2022/07/CIRIEC-WORKING-PAPER_Limited-Profit-Housing-Associations-in-Austria_May2022-1.pdf