Post #3703210

2026-07-09 20:46 UTC

@datum@zeroes.ca @thetyee@mstdn.ca The unanswered (deliberately ignored) question in Canada’s housing affordability crisis , Limited profit housing entities These are a vehicle to create and maintain not-for-profit housing, offer a range of economic supports and keep established not-for-profit housing out of the speculative housing market. Why is there virtually nothing about this in Canada? Good limited profit housing policy could establish collaborations between business groups, municipalities, worker labour groups that would all benefit from lower housing costs. But the for profit housing industry has a well funded voice and significant political clout (remember the B.C. Liberal/United, taken out by BC construction industry). Every landlord MP is in a conflict of interest https://www.housinginternational.coop/resources/ciriec-working-paper-the-system-of-limited-profit-housing-in-austria-cost-rents-revolving-funds-and-economic-impacts/ https://www.landlordmps.ca/

Replies (1)

@tezoatlipoca@mas.to 2026-07-09 21:03

@pinhman@humanwords.party @datum@zeroes.ca @thetyee@mstdn.ca Limited profit housing entities do exist, the problem is even while suitably funded, they can't complete for real estate against for-profit developers. And any real estate holding entitity that itself has shareholders has a fiduciary responsibility - so when selling an apartment building, and BigDevCo offers 20% more than AffHomeCo.. . GF does legally things for developers and non-profits's; her corporate clients all say they'd _love_ to build affordable housing _at-cost_ but they have a board to answer to. The only developers who can do the at-cost builds are the small/medium ones that are privately owned and they're not the ones who can build the things we need. The only way to allow N/LPEs to build and develop the affordable housing we need is government intervention. Either give non profits a fist chance of refusal, or outlaw or tax/penalize REITs or something. Something that lets the non profit entity get a first chance. $0.02

Open ##3703208