this post was submitted on 21 Jun 2025
79 points (98.8% liked)

Canada

9974 readers
578 users here now

What's going on Canada?

Related Communities

🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Local Communities

Sorted alphabetically by city name.

🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer

💻 Schools / Universities

Sorted by province, then by total full-time enrolment.

💵 Finance, Shopping, Sales

🗣️ Politics

🍁 Social / Culture

Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca

founded 4 years ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
79
Hamilton tenants take ownership of their building and run it as a cooperative (mediacoop.ca)
submitted 2 days ago* (last edited 2 days ago) by [email protected] to c/[email protected]
4 comments fedilink hide all child comments
 

Housing cooperatives present a huge potential to the housing stock, not just in Hamilton but across Canada. Co-ops are a popular form of housing all across the world. In some countries cooperative housing makes up over 40 per cent of all housing stock. In Canada, it’s less than one per cent. The Durand neighbourhood, where the Caroline Co-op is, comprises nearly 80 per cent rental units, so there is a lot of opportunity for other buildings to do the same as the Caroline Co-op.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 14 points 2 days ago (3 children)

Fuck capitalism, more socalism!

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

The Canadian housing market is the worst free market there is, its fully government controlled and hence we have massive shortages.

[–] [email protected] 11 points 2 days ago (1 children)

Afaiu,

  • a real “Free market” is a myth.
  • A fully gov. Controlled market is not a free market by definition.
  • The problem with the Canadian housing market is not government regulation, it is excessive marketization (and not enough of the right kinds of regulation).
[–] [email protected] 1 points 2 days ago* (last edited 2 days ago)

80% of the land in our largest cities is zoned for single family homes. Our developer fees and taxes are also 1/3 the cost of a home and are some of the largest taxes in the world. Bureaucracy takes ages in Canada for permitting, some of the slowest in the world.

Its fully government contricted, basically a form of price controls via single family home exclusivity, and huge taxes to artificially drop property taxes on existing urban sprawl; so of course there would be shortages.