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Cory Morgan: Featuring Home Equity Tax Advocate at Cabinet Retreat Amid Housing Crisis a Troubling Sign

Cory Morgan: Featuring Home Equity Tax Advocate at Cabinet Retreat Amid Housing Crisis a Troubling Sign
Cyclists ride past homes in a residential neighbourhood in Vancouver in a file photo. The Canadian Press/Jonathan Hayward
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Commentary

The housing crisis in Canada is getting desperate. Prices for purchases and rentals are skyrocketing across the country and it’s becoming a hot political issue. Young people and citizens on fixed incomes are particularly vulnerable as the cost of living rises. As counterintuitive as it may sound, the Liberal government may be considering imposing an equity tax on primary residences to deal with housing costs.