You can’t tax your way out of a housing supply deficit

The answer to help those trying to get into the market is not to punish existing homeowners with a massive tax grab because they dared pursue the Canadian dream.

Housing Minister Ahmed Hussen makes a housing announcement in Ottawa on June 17. A new tax on the value of a home would make the affordability crisis even worse, write Tim Hudak and Michael Bourque.The Hill Times photograph by Andrew Meade

Opinion

BY TIM HUDAK AND MICHAEL BOURQUE

October 20, 2022

When it comes to housing affordability, taxing capital gains on principal residences is often raised as a solution. Some groups are promoting a tax on homeowners. Others are suggesting current homeowners are to blame for the situation. We reject this argument even if we acknowledge that millennial ...

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