Canada is Fucked

Out of context: Reply #44

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  • grafician0

    "Canada to Ban Foreigners From Buying Homes as Prices Soar

    - Trudeau to put billions toward boosting housing supply
    - Benchmark price is up more than 50% over past two years"

    https://www.bloomberg.com/news/a…

    "Canada will ban most foreigners from buying homes for two years and provide billions of dollars to spur construction activity in an attempt to cool off a surging real-estate market. "

    grafician 0Permalink
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    • if they don't ban rassia and chuyna then nah :))grafician
    • This is a good thingGnash
    • Kind of pointless, the foreign investors will just do it through a local holding company or a Canadian “relative” or some other loophole_niko
    • Foreign owners were never a big part of the problem, local investors are. And 2 years is not going to do anything.i_monk
    • @_niko. A trust administered by a Canadian lawyer. Lawyer shields client identity. Trust makes it ‘Canadian owned’. This law is all talk, no teeth.monNom
    • What they should have done was ban REITs and pension funds from purchasing residential real estate. Those are major drivers of both house and rental inflation.monNom
    • And in the case of pensions, (and often REITs), they are the taxpayer’s own dollars competing against them for a roof over their head. It’s obscene.monNom
    • https://mobile.twitt…monNom
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