Posted on 01/03/2023 3:52:35 AM PST by blueplum
Canada has banned foreigners from buying residential property, in an attempt to make more homes available to locals facing a housing crunch.
The temporary two-year measure was first proposed by Prime Minister Justin Trudeau during the 2021 election campaign when soaring prices put home ownership beyond the reach of many Canadians.
"The desirability of Canadian homes is attracting profiteers, wealthy corporations, and foreign investors," his party said at the time....
...According to the Canadian Real Estate Association, average home prices have fallen from a peak of more than Can$800,000 ($867,000) at the start of 2022 to just over Can$630,000 last month.
Foreign buyers account for less than five per cent of home ownership in Canada....
(Excerpt) Read more at abc.net.au ...
Many Canadians...older ones...might be hurt by this. But I guess that Trudeau doesn’t expect older folks to vote for him anyway so...no problem.
The Chinese are doing it in Canada...and I think they're doing it here too.
Fk Canada... Anyone who spends a dime there on anything hasn’t learned a GD thing over the years...
Here in Canaduh, it’s been known as ‘Hongcouver’ for at least 75 years.
“Can$800,000 ($867,000)”
Journalist Math strikes again. Try $585,000 US. It’s not hard, even for a ‘journalist’, it’s right there on Google.
I’m told that Vancouver is no longer Canadian. Everyone tells me it is all Chinese.
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Not really... When one drives the Patullo Bridge over the Fraser River it is actually crossing the Indo-China Border.
It's been known as Hongcouver for decades now.
There is no "might be" about it.
Current homeowners of all ages are being hurt by it.
Well, how about diabetes? Type 2 diabetes in particular.
I have been learning about the LIES emanating from Ansel Keys and the sugar industry that were promulgated by Harvard University and the New England Journal of Medicine (just to name a few of the guilty).
Incredibly sad to see how Covid vaccine was not the first time the truth was suppressed.
Wrong thread. Now where does it belong?
Skratch head
The Chinese population of Vancouver has been growing for decades, as wealthy Chinese from Hong Kong flocked there after the deal was made to turn Hong Kong over to Beijing in 1997. Vancouver has a very “Hong Kong” feel, so they felt very much at home there, and they knew better than to trust Beijing would abide by the deal. They were right.
IF you are a refugee-—you cannot afford to buy property.
ChiComs will find a way around it.
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