The NDP wants to remove rental restrictions on older condos saying that it will open up more homes for renters. At the same press conference, Mr. Eby intends to introduce a flipping tax (I did a video on this 2 weeks ago).

Saying that young families and 1st-time buyers are getting outbid by flippers. By removing the rental restrictions he is taking away the one advantage young families and 1st-time buyers had on these units.

Now investors will also be able to buy these units, this will cause the price of these homes to rise sharply and in many cases, the families and 1st-time buyers will be outbid by the much stronger investor buyer. In other words it will do the reverse of what the NDP is claiming it will.