2 ms·
> 5% foreigner owned is not big enough to have an appreciable difference I doubt it makes zero difference, but like you, it's just my feeling. Real estate inv
by gorjusborg 5y ago
> 5% foreigner owned is not big enough to have an appreciable difference
I doubt it makes zero difference, but like you, it's just my feeling.
Real estate investing could be a price driver, certainly. I don't know what it's like in Canada, but I know that in my location even individuals are buying second and third homes and renting them out as short-term rentals. Doesn't seem to be sustainable to me, and certainly is affecting local housing prices.
One way I'd combat this is to ban short-term rental outside of hospitality zoned areas.