Full on tragedy of the commons
Take heed of the old phrase, “Be careful what you wish for.” Back in 2005, when Nova Scotia introduced its Capped Assessment Program, the stated goal was to keep seniors and families in their homes that might otherwise have been priced out. The solution of the day was to limit property tax increases to no more than the annual inflation rate. It sounds considerate—and indeed, it worked. But then the price of homes in Halifax rocketed to the moon, and nothing has ever been the same. On this week’s Grand Parade podcast, writer Deny Sullivan joins Coast reporters Matt Stickland and Martin Bauman…
The skinny
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