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Where will Chinese/Russian/Saudi millionaires and billionaires now offshore their wealth if they can't do it in Canadian real estate?
by rs999gti 5y ago
Where will Chinese/Russian/Saudi millionaires and billionaires now offshore their wealth if they can't do it in Canadian real estate?
- tomatowurst 5y agoThey are buying properties that is well outside what locals can afford. Banning them won't stop local Canadians with access to literally free debt to leverage their real estate portfolios and rental properties. Neither will their investments in REIT companies that snap up new properties to flip them to those groups.