4 ms·
seems very plausible individuals or small groups are buying multiples, especially if the purpose is to store or move money.
by chucksta 4y ago
seems very plausible individuals or small groups are buying multiples, especially if the purpose is to store or move money.
- pembrook 4y agoEven if 2% of global HNW individuals bought a home in Canada in the last 5 years (and 2% sounds high to me), they'd each have to buy 50 Canadian houses per person to reach that 1,000,000 number.
- chucksta 4y agoSo 10 houses a year per person of the %2? That still sounds very plausible for high net worth investors, again especially if the purpose is to move/wash/hide cash, which my understanding is, generally is one of those 3 for overseas investments. If they are washing or hiding, they don't care as much about the profit, so it makes sense they would be buying in larger numbers if they can.