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Canada should follow suit

• switchbak 2y ago
  BC has already implemented actions to limit foreign ownership without them actively living in the residence. Probably more to be done though, but one needs to be careful about unintended consequences.
  • throaway2501 2y ago
    like house prices falling to affordable levels?
    • bluGill 2y ago
      That is the intended and predicted concequence. unintended is things you didn't think of and they can take a long time to appear.
      • throaway2501 2y ago
        as a canadian, i’m willing to take the chance (s)
  • duxup 2y ago
    >without them actively living in the residence This seems like it would be a bit of a difficult thing to police as far as foreigners goes.
    • throaway2501 2y ago
      an “unintended” consequence
• swat535 2y ago
  They did but they left so many loopholes that was it was basically pointless. Foreigners simply started making an incorporation or using any of the quick "PR" schemes to be able to purchase a property. Many people will even pool money from the multiple families if need be to purchase residence and then renting it to Canadian citizens for profit or putting on AirBnb.