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发表于 2016-11-6 06:57:47
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One way to lower the housing price is to use the free market Supply and Demand logic.
More demand coming from increased immigration to Canada, estmate of 100K to TO. Which means we need average of 50K housing units per year. Most will come from increased density and more efficient condo and rental apartments.
So if the City governments will increase the supply of housing to meet the known volume of demand.
Such as to build mixed use Public housing with both market price and fairer price (to be raffled off among qualified applicants based on income level) will lower the price accordingly.
To keep the building in a partnership position between city and applicant, we may require SHARED profit when the fair price unit being sold, say 50/50 on capital gain (hopefully, it may be loss to be shared too).
So city may be in a position to balance their budget from the investment in housing supplies.
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