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#Canada has a significant shortage of #rental housing. Individual landlords often have little cashflow - but they have a chance for value gain. So, many middle class Canadians used to buy a rental #apartment as their #retirement #investment.

In this situation, it is absurd to increase #tax on #capital gains. It makes it even less attractive to build rental #housing, and it guts senior's retirement #savings.

And because governments are not constructing housing, the housing crisis will intensify