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> Foreign investors simply don't belong in that space at all. How much is this a problem? Further, this does not (IIRC) apply to folks to have permanent resid
by throw0101a 5y ago
> Foreign investors simply don't belong in that space at all.
How much is this a problem?
Further, this does not (IIRC) apply to folks to have permanent residence status or folks here on things like student visas.
So how many never-set-foot-in-Canada people are buying properties?
- DocTomoe 5y agoI would not try to immigrate into a country in which I don't have a place to live, so this essentially is an anti-immigration, "Canada for the Canadians, Foreigners out" policy in my book.
- jackling 5y agoIs it really? I would imagine that many immigrants don't buy homes outright before immigrating. Most immigrants I know rent out the first few years and start saving.
- throw0101a 5y agoNot being able to buy a place to live ≠ not having a place to live. Plenty of Canadian-born people rent.
- Tiktaalik 5y agoYears ago, before BC brought in it's foreign buyer tax it was a problem. Local builders were literally opening up sales offices in Taiwan, Hong Kong and other major cities in Asia. We know it was a significant issue because the government actually shared the data, and it showed some alarming trends. What is remarkable here in contrast is that the Federal government hasn't shared any data at all. (Ironically when they were elected in 2015 they promised "evidence based decision making" ..haha)