Stop Excessive Profits in the Financialization of Housing

We will undertake a review of the tax treatment of large corporate owners of residential properties such as Real Estate Investment Trusts (REITs) who are increasingly trying to amass large portfolios of Canadian rental housing, putting upward pressure on rents. We will put in place policies to curb excessive profits in this area, while protecting small independent landlords, and more broadly, we will review the downpayment requirements for investment properties. Homes should be to live in, not a financial asset for investment funds to speculate on.