Re:The global housing market is broken, and it’s dividing en...
by raydev on Monday July 25, 2022 @04:39PM
(#32230592)
It unfortunately is "the very least" we can do, though.
> That should drive down our prices
No, in Canada, foreign owned properties make up a tiny percentage of the total, so banning it doesn't actually have any impact. Works as future protection for sure, but that's all.
The "foreign investors" are a convenient strawman that hides bigger underlying problems.
> That should drive down our prices
No, in Canada, foreign owned properties make up a tiny percentage of the total, so banning it doesn't actually have any impact. Works as future protection for sure, but that's all.
The "foreign investors" are a convenient strawman that hides bigger underlying problems.