this post was submitted on 26 Dec 2023
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Why Canada's ban on foreign buyers hasn't made homes more affordable (www.cbc.ca)
submitted 10 months ago by [email protected] to c/[email protected]
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[–] [email protected] 6 points 10 months ago (2 children)

but the reality is that virtually all homes in Canada have occupants.

Vancouver and Toronto are currently sitting about 7% and 7.4% homes that are empty or not for usual residents. That's a fucking massive number, imo.

Source: https://vancouversun.com/news/local-news/astonishing-drop-in-number-of-empty-homes-in-metro-vancouver-census

[–] [email protected] 3 points 10 months ago (1 children)

Okay and you could have 50% more homes available if 20% of the SFH in a city was converted into apartments. 7% is nothing if we actually would densify what we build rather than just sprawling suburbs.

[–] [email protected] -3 points 10 months ago

Sure, but let's not pretend it's not an issue.

[–] [email protected] 2 points 10 months ago (1 children)

"empty or not for usual residents." is a useless metric. Student houses are considered "empty" if the the students have a family home to return to and haven't updated their mailing address.

[–] [email protected] 0 points 10 months ago (1 children)

Wrong. It states directly in the article that students and foreign workers are not included in that metric.

[–] [email protected] -1 points 10 months ago* (last edited 10 months ago) (1 children)

The usual residence of students is that of their parents, if they return to live with their parents during the year even if they live elsewhere while attending school or working at a summer job.

From Stats Canada.

Students are usual residents of Canada, they're not usual residents of the place they stay in while studying in school.

[–] [email protected] 1 points 10 months ago (1 children)

Students and workers from other countries with study and work permits are considered usual residents, according to StatsCan.

Directly quoted from the source I posted.

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago)

That's why I clarified how you misinterpreted that sentence, and gave you a source from Stats Canada. I also worked the last census in KW, where there's a large student population, so it was drilled into our heads students only count if they live in that house year round (and preferable changed the address on their ID).