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#overcommodification

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Politics Canada<p>Wealthy corporate landlords kicking tenants out to turn rentals into condos in Halifax. "The buildings are owned by GBRF Properties, whose directors are Peter Polley, the president of development group Polycorp, and Robert Richardson, the executive vice-president of rental giant Killam Apartment REIT." <a href="https://mastodon.social/tags/reits" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>reits</span></a> <a href="https://mastodon.social/tags/greed" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>greed</span></a> <a href="https://mastodon.social/tags/overcommodification" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>overcommodification</span></a> <a href="https://mastodon.social/tags/realestate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>realestate</span></a> <a href="https://mastodon.social/tags/housing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>housing</span></a> <a href="https://mastodon.social/tags/canada" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>canada</span></a> <a href="https://mastodon.social/tags/halifax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>halifax</span></a><br><a href="https://www.cbc.ca/news/canada/nova-scotia/mont-blanc-terrace-rental-apartments-conversion-condominiums-1.7545047" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">cbc.ca/news/canada/nova-scotia</span><span class="invisible">/mont-blanc-terrace-rental-apartments-conversion-condominiums-1.7545047</span></a></p>
Politics Canada<p>REITS, with Doug Ford's help, destroy plans for affordable housing in Ontario. "Ontario rejected the City of Toronto's proposed affordable housing requirements on dozens of specific properties after at least three real estate investment trusts asked them to do so — with two trusts suggesting the quotas could result in no housing development at all." <a href="https://mastodon.social/tags/housing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>housing</span></a> <a href="https://mastodon.social/tags/REITs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>REITs</span></a> <a href="https://mastodon.social/tags/overcommodification" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>overcommodification</span></a> <a href="https://mastodon.social/tags/homelessness" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>homelessness</span></a> <a href="https://mastodon.social/tags/canada" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>canada</span></a> <a href="https://mastodon.social/tags/dougford" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>dougford</span></a> <a href="https://www.thestar.com/real-estate/ford-government-scrapped-toronto-affordable-housing-requirements-after-pushback-from-three-reits-documents-show/article_35b761a8-83e8-4433-ab28-77e0ed8c8ced.html#:~:text=Ontario%20rejected%20the%20City%20of,no%20housing%20development%20at%20all" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">thestar.com/real-estate/ford-g</span><span class="invisible">overnment-scrapped-toronto-affordable-housing-requirements-after-pushback-from-three-reits-documents-show/article_35b761a8-83e8-4433-ab28-77e0ed8c8ced.html#:~:text=Ontario%20rejected%20the%20City%20of,no%20housing%20development%20at%20all</span></a>.</p>
Politics Canada<p>Canada needs 5.8 million homes by 2030, but we're on track to deliver just 26,000 new condo units in 2025, 16,000 in 2026 and a shocking 7,000 in 2027. Worse still, purpose­built rental starts are down more than 68 per cent year­overyear. <a href="https://mastodon.social/tags/housing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>housing</span></a> <a href="https://mastodon.social/tags/overcommodification" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>overcommodification</span></a> <a href="https://mastodon.social/tags/REIT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>REIT</span></a> <a href="https://mastodon.social/tags/investors" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>investors</span></a> <a href="https://mastodon.social/tags/governmenthousing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>governmenthousing</span></a> <a href="https://mastodon.social/tags/homelessness" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>homelessness</span></a> <a href="https://mastodon.social/tags/rentcontrol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>rentcontrol</span></a><br><a href="https://www.thestar.com/opinion/contributors/somehow-in-the-middle-of-a-housing-crisis-were-building-even-fewer-homes-but-there/article_a607f591-4f79-4733-984f-01ab3780cdfb.html" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">thestar.com/opinion/contributo</span><span class="invisible">rs/somehow-in-the-middle-of-a-housing-crisis-were-building-even-fewer-homes-but-there/article_a607f591-4f79-4733-984f-01ab3780cdfb.html</span></a></p>
Politics Canada<p>Doug Ford exacerbates homelessness crisis by failing to increase income supports, failing to invest in shelters, and failing to build housing <a href="https://mastodon.social/tags/homelessnesscrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>homelessnesscrisis</span></a> <a href="https://mastodon.social/tags/housingcrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>housingcrisis</span></a> <a href="https://mastodon.social/tags/dougford" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>dougford</span></a> <a href="https://mastodon.social/tags/reits" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>reits</span></a> <a href="https://mastodon.social/tags/overcommodification" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>overcommodification</span></a> <a href="https://mastodon.social/tags/ubi" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ubi</span></a> <a href="https://mastodon.social/tags/McMansions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>McMansions</span></a> <a href="https://mastodon.social/tags/developerbuddies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>developerbuddies</span></a> </p><p><a href="https://www.thestar.com/news/doug-ford-has-money-for-200-cheques-and-a-401-tunnel-where-are-the-funds/article_504d8950-ece1-11ef-b30f-ff3e5f33a38a.html" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">thestar.com/news/doug-ford-has</span><span class="invisible">-money-for-200-cheques-and-a-401-tunnel-where-are-the-funds/article_504d8950-ece1-11ef-b30f-ff3e5f33a38a.html</span></a></p>
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