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I wouldn't use the word the "propped up", I would probably use foundational. It is not like the Canadian government is eager to turn away the flow of money ente

I wouldn't use the word the "propped up", I would probably use foundational. It is not like the Canadian government is eager to turn away the flow of money entering into their economy as they say. Canada is doing as great of a job of preventing this moneyflow as UK is doing with stopping Russian Oligarchs to "invest" in their economy. UK too have laws in preventing money laundering I presume.

amscanne 4y ago
Jurisdictions in Canada keep passing laws on the basis of this kind of xenophobia (e.g. the foreign buyer tax in BC, non-local tax in Ontario) that have consistently turned out to be ineffective. Why? Turns out it's not the problem and it applies to a minor fraction of buyers. So they crank up the rhetoric and pass more ineffective laws. If you want to call money laundering foundational, then you need to explain how on earth that is connected with the market in Peterborough being up 50%+ over the pandemic. Peterborough isn't unique; it just gives the lie to the idea that this is somehow foreign money causing the problem. Foreign buyers have tanked in the last two years (since most of the time they were not even permitted to enter the country) yet it is continually called out as the culprit. Nonsense.