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In Vancouver and Toronto, as many as 1 in 5 homeowners own more than one property

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Insecure housing situation drives Roma migration

Photograph: Fredrik Sandberg/TT
Building or improving one’s own home is a strong motive for Roma who migrate from one European country to another. Their everyday life is marked by extremely precarious housing conditions, racism and forced nomadism. These findings have emerged in a new study based on interviews and fieldwork in Sweden and Romania.
The researchers followed Roma street workers who came to Sweden to earn money for the purpose of improving their homes in Romania. Once in Sweden, they have found themselves subject to homelessness, harsh weather conditions, racism and discrimination.
Irene Molina, Professor of Human Geography. ....

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Economics professor suggests new tax could discourage property speculation

CHRIS SKELTON/STUFF
Hundreds of people passed through the Harcourts Gold Papanui auction house on December 3, 2020, as the city s property market continues to heat up.
A type of tax called the risk free rate method (RFRM) is being suggested by University of Auckland Associate Professor of Economics Susan St John as a way to discourage housing speculation.
Under the system, a person’s net equity in rental housing – aggregate holdings of all housing minus registered first mortgages – would be treated for tax purposes as if it had been invested at a bank generating a taxable income.
Landlords whose properties were vacant, or who were deducting huge costs against their rentals, would not be able to return tax losses and would be taxed fully on their net equity imputed income, St John said. An RFRM was “perhaps the only way forward”. ....

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