Trudeau says housing needs to retain its value
Trudeau says housing needs to retain its value
Many residents have been priced out of Canada’s housing market, but for a large number of Canadians, their house is a vital asset for retirement and passing on wealth
In case anyone still wants to somehow debate whether the Liberals will deliver affordable housing.
“Housing needs to retain its value,” Mr. Trudeau told The Globe and Mail’s City Space podcast. “It’s a huge part of people’s potential for retirement and future nest egg.”
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Land should retain its value, houses should deteriorate just like they do physically.
Like in Japan
Fyi. Japanese housing structure lifespan is rather unique.
https://en.m.wikipedia.org/wiki/Housing_in_Japan
An unusual feature of Japanese housing is that houses are presumed to have a limited lifespan, and are often torn down and rebuilt after a few decades, generally twenty years for wooden buildings and thirty years for concrete buildings – see regulations for details.
Helps that they have a lot of earthquakes that tear buildings down in their own. New construction takes an evolving, anti earthquake designs into consideration.