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It unfortunately is "the very least" we can do, though. > That should drive down our prices No, in Canada, foreign owned properties make up a tiny percentage
by raydev 4y ago
It unfortunately is "the very least" we can do, though.
> That should drive down our prices
No, in Canada, foreign owned properties make up a tiny percentage of the total, so banning it doesn't actually have any impact. Works as future protection for sure, but that's all.
The "foreign investors" are a convenient strawman that hides bigger underlying problems.
- more_corn 4y agoDidn’t Vancouver do this to good effect recently? 20% tax on foreign buyers caused a 15% dip in home prices?