Consultation on Confronting the Financialization of Housing
Current status: Closed
The Government of Canada launched a consultation on confronting the financialization of housing, as part of its Budget 2024 commitment to restrict the purchase and acquisition of existing single-family homes by large corporate investors. The consultation ran from November 19, 2024, to December 19, 2024, and provided an opportunity to gather views and written submissions on how to address the growing impact of large corporate investors in the housing market.
This consultation aimed to ensure that housing remains accessible to Canadians as homes, rather than speculative assets, and to explore strategies to mitigate the harmful effects of financialization.
This engagement process gave all interested members of the public the opportunity to provide input on the topic. Thank you to everyone who participated.
Key questions for consideration
This consultation sought feedback on:
- Examples of harmful activities by large corporate investors in the single-family housing market;
- The impacts of financialization on renters, first-time homebuyers, and homeowners;
- The reporting practices of large corporate investors;
- Tools to prevent harmful financialization and their suitability for implementation;
- The potential impacts of new tools on housing construction and mitigation strategies;
- The distinction between productive housing investments and harmful financialization practices.
What’s next?
The feedback received during the consultation will inform the development of measures to address the financialization of housing and to ensure that housing remains affordable and accessible for Canadians.
While this formal consultation has now concluded, Canadians are encouraged to continue sharing their ideas and comments with the Department of Finance at any time.