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A comment on Investors account for 30 per cent of home buying in Canada, data show. Parent comment

Re:Investors account for 30 per cent of home buying in Canad... by rchaud on Saturday September 09, 2023 @11:53AM (#37446781)
If you read the article, there are already restrictions on purchases. This 30% pertains to people that have taken out a mortgage on a property, when they already have an existing property mortgage. What case is there for restricting that?
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Re:Investors account for 30 per cent of home buying in Canad... by robinson7d on Saturday September 09, 2023 @12:04PM (#37446916)
I’ve read the article but don’t see details on there about Canada having restrictions on buying homes. Can you elaborate on what the restrictions are, outside of the price being too high for many people?

I imagine the person you’re replying to means restrictions more along the lines of limits on one home per person, or increased taxes on secondary or investment homes, or restrictions on who can buy an home, etc.

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Re:Investors account for 30 per cent of home buying in Canad... by robinson7d on Saturday September 09, 2023 @12:07PM (#37446941)
Replying to myself because I see it now:

> Instead, Ottawa has targeted foreign real estate buyers with a ban on purchases until the end of 2024.

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