https://en.wikipedia.org/wiki/Tax_incid ... _incidence
Why is it either/or? Why not curb demand and increase supply?
And it's not like the NDP is curbing demand - They are curbing a very specific demand so they people that live here have an opportunity.
you do realize the tax scheme is going to drastically hurt supply, and raise the cost of building a new home. Which is of course passed onto the purchaser. E.g. Additional PTT over 3 million, developers are caught paying those fees. Much of what the NDP is doing is going to have unintended consequences. You keep beating the same drum, but haven't bothered to comment on any of the other suggestions / discussion points.
If the consumer can't bear the price increase of the tax, then the burden gets passed to the factors of production - ie, what the developer is willing to pay for land, what they are willing to pay plumbers, what they are willing to pay for supplies.
This is where it gets complicated.
There is already a shortage of skilled trades. Many retiring, few new entries, and many leaving Metro Van for cheaper locations.
Supplies are largely coming up from US, our low dollar is not making building cheaper.
Green building regulations have escalated costs massively - unless these are relaxed (slim chance) building costs are not going down much.
The only input I do see decreasing is land costs. That's the only place where tweaks can be made.