Re:Canada's Housing Bubble Will Burst
by torAnon on Thursday June 22, 2017 @05:31PM
(#14615507)
Its because they don't record the all too typical situation of a Canadian Citizen with financing via foreign relatives/friends.
Eg. Chinese family has one member whose been granted citizenship. They all come together to pool money, transfer it to the Canadian relative, purchase together, profit(for now).
All thats recorded is a Canadian purchased a home, "how" they purchased is not yet a government issue.
The government/banks/real estate industry has known about this for years...
Eg. Chinese family has one member whose been granted citizenship. They all come together to pool money, transfer it to the Canadian relative, purchase together, profit(for now).
All thats recorded is a Canadian purchased a home, "how" they purchased is not yet a government issue.
The government/banks/real estate industry has known about this for years...