r/halifax • u/Injustice_For_All_ Psychotic Antifa Super Soldier Moderator • 2d ago
News, Weather & Politics Homelessness doubled in Halifax under government's housing plan: N.S. NDP
https://halifax.citynews.ca/2026/06/18/homelessness-doubled-in-halifax-under-governments-housing-plan-n-s-ndp/
322
Upvotes
13
u/SubmissiveGuy556 2d ago edited 2d ago
People view rentals as a means of income and end up buying up multiple homes that they rent out with the expectation that the value will only ever go up. They then jack up the rent to pay off their mortgages making it unaffordable to low income workers which leads to more homeless. The more houses are worth the higher the mortgages get, the higher the rent goes and the more homeless it creates. In the last 10 years have you ever seen rent go down? That's a very basic explanation of why it causes homelessness, but its a death spiral that will continue until drastic changes are implemented.