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Canada Bans Foreign Investors in Real Estate
A new Canadian law took effect January 1 that essentially bans foreign buyers from buying residential properties as investments for two years.
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boaz
Joined 2005/05/30Visited 2023/03/24
Status: user
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For once, I agree with Canada.
#1 | Posted by boaz at 2023-01-02 08:50 PM | Reply | Funny: 1 | Newsworthy 1
Seconded
#2 | Posted by rstybeach11 at 2023-01-02 08:51 PM | Reply
Thirded
#3 | Posted by LauraMohr at 2023-01-02 08:54 PM | Reply
Awesome can they do something about deporting the obnoxious Rich Chinese jerks from British columbia?
#4 | Posted by Tor at 2023-01-02 09:15 PM | Reply
Can they send their poor wretched American basement dwellers some of that fantastic BC weed?
#5 | Posted by kudzu at 2023-01-03 07:51 AM | Reply
Dang...guess Liberals can't like Canada anymore. I recall someone in America...a previous POTUS actually from a few years ago...who began this rhetoric and Liberals everywhere started claiming racism and xenophobia.
Awww, Dems just can't make up their mind anymore. It's almost as if their entire platform is only about doing the opposite of whatever the other party wants, just like Reps. Unfortunately, since DR kids are incapable of being objective, they will just vilify me and call me names instead of trying to learn how they can make their party better. It's just much easier to demonize the other side instead of actually being better people.
#6 | Posted by humtake at 2023-01-03 11:53 AM | Reply | Funny: 1
I like Canada and I like what Canada is doing.
#7 | Posted by Tor at 2023-01-03 12:54 PM | Reply
Hmmm. There could be a negative impact on the condo market in Vancouver, but that's not for me to worry about.
In my work in real estate finance I tread very carefully when the borrower is a foreign national and always assume that in the event of a problem situation that all I will have is the loan collateral to support my loan--the borrower will never appear on this shore and it will be too expensive to chase them...
#8 | Posted by catdog at 2023-01-03 01:22 PM | Reply
I guess HUMPER is expressing more butt hurt about Trumptydumped losing.
The reason Canada is doing that is to keep foreign investors out of the market driving up the the cost to purchase orrent on homes they don't give a crap about.
Nothing like fomenting class division.
It's the red states seeking rent subsidies too... putting it into some stranger's pocket. Money for nothing.
#9 | Posted by RightisTrite at 2023-01-03 02:28 PM | Reply
#6 | POSTED BY HUMTAKE
You're fnkcin' obsessed.
Take a break from the DR and politics in general. It'll do you some good.
#10 | Posted by rstybeach11 at 2023-01-03 02:30 PM | Reply
John McCain Predicts Putin's 2022 strategy in 2014
#11 | Posted by rstybeach11 at 2023-01-03 02:32 PM | Reply
Whoops, wrong thread.
#12 | Posted by rstybeach11 at 2023-01-03 02:32 PM | Reply
Looks like BumTake is still getting paid by the word for his troll posts.
Newsflash, our resident mostly-non-insane conservative, BoAZ, agrees with many of the liberals here.
Don't worry Bukktake, I'm sure you can find something other Poohty to stir up for your kopeks.
#13 | Posted by censored at 2023-01-03 03:23 PM | Reply
#6 | Posted by humtake
Are you talking about the cult leader whose word is literally worthless and the only thing he actually fought for was tax cuts for the rich?
#14 | Posted by SpeakSoftly at 2023-01-03 07:22 PM | Reply
Can we now ban Canadians from buying land here in the US?
#15 | Posted by moder8 at 2023-01-04 03:38 PM | Reply
"Can we now ban Canadians from buying land here in the US?"
Is that a punitive request?
#16 | Posted by Hagbard_Celine at 2023-01-04 03:40 PM | Reply
Their law only applies to people buying residential properties as investments. Not only should we do that, we should expand it to domestic investors too.
#17 | Posted by JOE at 2023-01-04 03:44 PM | Reply
"Not only should we do that, we should expand it to domestic investors too."
Probably should, but will never happen. Disallowing investment properties would crash the housing market because millions of homes will suddenly become available for purchase. Would be great for people with more modest means for whom home ownership was probably never possible, but for folks who already own a home it wouldn't be so good.
#18 | Posted by Hagbard_Celine at 2023-01-04 03:48 PM | Reply
As a general rule Canadians are the best Neighbors America could ever hope to have.
China is a cancer on the planet.
#19 | Posted by Tor at 2023-01-04 03:53 PM | Reply
#18 I was speaking generally; certainly there is a way to scale it with input from economic experts, housing advocates, etc.
#20 | Posted by JOE at 2023-01-04 04:00 PM | Reply
Canada is picking up the political radicalization bug from the U.S., new report warns
www.cbc.ca
#21 | Posted by reinheitsgebot at 2023-01-04 04:00 PM | Reply
#21 Sorry, eh.
#22 | Posted by bored at 2023-01-05 04:15 AM | Reply
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Comments are closed for this entry.
Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2023 World Readable