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A comment on Canada bans foreign home buyers for two years. Parent comment

Re:Canada bans foreign home buyers for two years by bluGill on Tuesday April 19, 2022 @08:17AM (#31082110)
The vast majority of houses are not going to foreigners or corporations. Some do, but it is only a tiny percentage. We need to build more housing, in the end housing costs are about supply and demand.
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Re:Canada bans foreign home buyers for two years by jcranberry on Tuesday April 19, 2022 @10:31AM (#31083660)
What percentage of new developments are going to foreigners?

I looked up some property tax docs of a new luxury apartment building (majority of units go for 2M+) in NYC and I was shocked to see something like 90% of the owners had chinese names.

I'm guessing that the majority of these are foreign buyers. I'm also guessing its unlikely that the NYC new development market is being dominated by asian americans?

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Re:Canada bans foreign home buyers for two years by user3939382 on Tuesday April 19, 2022 @08:53AM (#31082420)
The problem is more with the trend and where it leads.
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