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A comment on Amsterdam's Plan: If You Buy a Newly Built House, You Can't Rent It Out. Parent comment

Re:Amsterdam's Plan: If You Buy a Newly Built House, You Can... by refurb on Thursday March 21, 2019 @08:57AM (#19451737)
Not sure about Amsterdam, but property prices in Vancouver and Toronto are heavily driven by the middle class over-extending themselves on credit with a little help from “The Bank of Mom” on the down payment.

Sure, the wealthy are buying to, but based on average debt levels, it’s mostly people who can’t afford it.

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Re:Amsterdam's Plan: If You Buy a Newly Built House, You Can... by ABCLAW on Thursday March 21, 2019 @06:27PM (#19457972)
As always in the Canadian Real Estate discussion, the RBC reports have the best data and analysis.

http://www.rbc.com/newsroom/reports/rbc-housing-affordabilit...

The Toronto and Vancouver markets are in territory that is shocking and in Vancouver's case, literally numerically impossible to sustain without constant infusions of external capital.

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