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No, it seems toothless, with obvious loopholes. A sane housing market is way more important than allowing temporary residents to buy a home. They can rent until
by raquo 9y ago
No, it seems toothless, with obvious loopholes. A sane housing market is way more important than allowing temporary residents to buy a home. They can rent until they either leave or become permanent residents.
Just look at Vancouver where incomeless foreign students are buying supermansions.
- elyobo 9y agoYeah, if they're planning on allowing those with only temporary residence rights to continue to buy then the policy is useless.
- msie 9y agoIt doesn't matter who's buying supermansions. Most people aren't looking to buy supermansions.
- raquo 9y agoObviously they're buying other houses as well, and not only students but other foreigners as well. This example is just a good illustration of toothlessness. Also obvious is that increasing demand on one type of housing puts upwards pressure on the prices of other types of housing because they are (in part) substitute goods.
- soperj 9y agoeverything in vancouver is priced as a supermansion.
- deleted 9y ago[deleted]