As Canada and other countries try to deal with their respective affordable housing challenges, a Dutch cabinet minister recently attempted to even the playing field and expand home ownership among the less wealthy.
Housing Minister Hugo de Jonge had proposed a law that would have allowed municipalities to force homeowners, whose homes were worth up to $355,000 Euros (about $517,000 Cdn) to put their property on the market only to low and middle-income earners.
That meant local governments could refuse to grant residency permits to wealthy potential buyers and keep them out of the market for homes up to that value
The problem the policy is trying to fix is one that’s particularly acute in Canada, said
