Quote:
Originally Posted by nik-
Who suggested banning immigration? The obvious intent is to ban someone residing in another country from sitting on a property they never live in.
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I don't think this is the message that we want to send about investment in Canada. It's not like investors in other countries are soley responsible or even primarily responsible for pricing out local home buyers. They are merely small participants in the grand scheme of all transactions. They are being used as a scapegoat for our own obsession with owning Real Estate at all costs. Ownership rates in Canada are at an all time high of 70%. That's the biggest reason for the price appreciation.