Re:Canada to ban foreigners from buying homes
by balaji1 on Thursday April 07, 2022 @01:41PM
(#30947856)
it is a good observation, I think you mean most immigrants are not rich. If you didn't mean immigrants, immigrants are not rich until 10+ years later. Definitely don't spend like the rich. But they are willing to commit years to buy into real-estate.
> The foreign-buyer ban won’t apply to students, foreign workers or foreign citizens who are permanent residents of Canada, the person said.
The article says some of those foreigners will be exempt. I will say this, the country needs the immigrants' money (ie spend in that country, on top of taxes paid)
> The foreign-buyer ban won’t apply to students, foreign workers or foreign citizens who are permanent residents of Canada, the person said.
The article says some of those foreigners will be exempt. I will say this, the country needs the immigrants' money (ie spend in that country, on top of taxes paid)