this post was submitted on 17 Jul 2024
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Supply in Canada's property market surges as mortgage renewals loom (ca.finance.yahoo.com)
submitted 1 month ago by [email protected] to c/[email protected]
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[–] [email protected] 10 points 1 month ago (2 children)

I’m a dual citizen with a lot of family in Canada. When I lived there, there was tons of homes owned by foreign investors especially the Chinese. Has Canada done anything yet about that?

[–] [email protected] 7 points 1 month ago (1 children)

Don't be a bigot! Obviously nothing has been tho

Well I think they do better AML checks but that's just performative.

Volume is down more so due to frostier relationship.

[–] [email protected] 2 points 1 month ago

https://themash.ca/realestategossip/2011/12/19-awesome-again-lane.html

This was my old house in Canada. My neighbors were pretty much all Chinese and I never saw them even live in their houses. Can’t imagine what the more affordable housing is like

[–] [email protected] 2 points 1 month ago (1 children)

Yes. When I purchased my new home last year my wife could not be on the title because she is American.

[–] [email protected] 2 points 1 month ago

Thanks what I’ll tell my wife too πŸ˜‰