Re:Canada bans most foreigners from buying homes
by revolvingocelot on Monday January 02, 2023 @07:08PM
(#34225605)
Nobody suggested that the Minister had to be personally involved. The point remains that the only certain effect of the law is that every foreign purchase will incur a $10,000 fine. If the overworked courts deign to get involved, the property might have to be sold, again!
Given the government's storied, multilateral, multi-decade unwillingness to do anything about the housing crisis (many MPs and MPPs are landlords!), I just don't see this law as anything but a $10,000 cost of doing business.
Given the government's storied, multilateral, multi-decade unwillingness to do anything about the housing crisis (many MPs and MPPs are landlords!), I just don't see this law as anything but a $10,000 cost of doing business.