Quote:
Originally Posted by Winsor_Pilates
Not to detract from the discussion on Calgary, but this study released yesterday is getting a lot of talk in Vancouver right now:
Housing Market Fuelled by Chinese Buyers
To Summarize:
-Around 66% of detached houses bought on Vancouver's Westside were by Mainland Chinese buyers.
-Number 1 occupation of the buyers was "housewife"; "student" was also high on the list |
I think this is a case of wanting to have your cake and eat it too. Immigrants have the same right as you or I to come to this country and buy a property. Turning around and levying a tax against them for doing so, because it drives up property prices is tremendously unfair, and additionally inefficient with respect to how the market for property should work.