To solve the housing crisis, we need to do something about ‘mom-and-pop’ investors
Jon Shell is managing director of Social Capital Partners, a non-profit focused on broadening access to home and business ownership.
A recent Bank of Canada report made waves when it revealed that 30 per cent of residential home purchases in the first three months of 2023 were made by investors and not people who intended to occupy those homes. The figure was less than 20 per cent in 2014.
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