Ahead of this Monday's Federal Budget, John Pasalis shares his views on what our politicians should do to make Canadian homes more affordable.
Now that government officials and politicians finally seem to have realized that our real estate market is in trouble (as I mentioned back in December), a lot of ideas are floating around about what policy measures should be taken.
In my latest video, I discuss some of the ideas I share in my latest Move Smartly market report as to what I think the government should do.
Overall, I think the government should make it their goal to make the dream of owning a family home possible for the average home buyer.
Recently we heard a surprising admission from a top government member responsible for the housing file that Canada's policies to date have benefited investors at the expense of such average buyers.
This is why I'd like to see the government aim their measures at taking on the investor, and most importantly, the speculative investing, that has incentivized so many to bet on Canadian real estate rather than other business activities that would generate more productive revenue.
Click on the video above to hear my full comments.
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John Pasalis is President of Realosophy Realty, a Toronto real estate brokerage which uses data analysis to advise residential real estate buyers, sellers and investors.
A specialist in real estate data analysis, John’s research focuses on unlocking micro trends in the Greater Toronto Area real estate market. His research has been utilized by the Bank of Canada, the Canadian Mortgage and Housing Corporation (CMHC) and the International Monetary Fund (IMF).