Generally, the Asia housing market is far more speculative than the one in Canada. Prices can easily double in a short period of time there so why would an Asian flipper choose to flip in Canada instead of Asia is something I don't get.
The other HAM argument is for people to get money out of China to a safe haven. If they have the money to buy condos in Canada, they already had gotten their money out. And it's much less work to deposit the cash in a secret Caymen Island bank than buying condos.
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