Increasing Housing Supply: Addressing the demand-supply imbalance requires expanding the housing supply. It can be achieved through streamlined regulatory processes, fast-tracking permits, and encouraging the construction of affordable housing units.
Affordable Housing Initiatives: Governments can invest in affordable housing initiatives that provide subsidies, tax incentives, and grants to developers who build affordable housing units. I can help low-income individuals and families secure stable housing.
Foreign Buyers’ Taxes: Taxing foreign buyers can deter speculative investment and stabilize housing prices. Such measures have been introduced in certain provinces and cities to moderate the impact of foreign investment on the housing market.
Zoning Reform: Reforming zoning regulations can allow for more diverse housing options, including multi-unit dwellings and mixed-use developments. It can increase the availability of housing and promote urban density.
Community Engagement: Engaging communities in the planning and development processes can help address concerns and streamline the approval of new housing projects. Inclusionary zoning policies can mandate the inclusion of affordable units in new developments.