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There’s an exception for students and a lot of other loopholes here. I think it’s an excuse to give up after 2 years with “proof” that it was a bad idea.

• b3morales 5y ago
  Those exceptions -- for people who live and work in Canada but aren't citizens -- look to me like basic requirements for this to have any chance at being a reasonable policy. Excluding noncitizen permanent residents from home ownership would be a great way to make sure approximately zero high income (thus high tax) people want to migrate to Canada.
  • OJFord 5y ago
    And force couples to buy in one (the citizen)'s name, etc.
  • 3qz 5y ago
    Nobody in Canada is buying property because of their high income. The top 1% doesn’t make enough for a house anywhere within an hour of Vancouver or Toronto. I don’t think income tax is really a factor here.