Canada bans foreigners from buying homes amid housing crisis

[ezzra]

It seems that now Canada is following Thailand steps...

 

https://www.news.com.au/finance/real-estate/buying/canada-bans-foreigners-from-buying-homes-amid-housing-crisis/news-story/54d47d889d20f6ce35d24f3d08a4edc5

[VocalNeal]

Isn't there something about a horse and a stable door????

Especially in Hongcouver

Edited January 3, 2023 by VocalNeal

[stoner]

sold my house at home this year in march. 125k over asking. was insane bidding war.

 

it won't do much to stop it. 400 to 500k immigrants every year to a country of about 40 million. not sustainable in regards to the housing situation. 

[Gsxrnz]

42 minutes ago, stoner said:

sold my house at home this year in march. 125k over asking. was insane bidding war.

 

it won't do much to stop it. 400 to 500k immigrants every year to a country of about 40 million. not sustainable in regards to the housing situation. 

 

https://en.wikipedia.org/wiki/Demographics_of_Canada

Edited January 3, 2023 by Gsxrnz

[swerve]

This is a good idea. Should include recreational property too. They should also stop giving out passports so easily.

[Celsius]

6 minutes ago, swerve said:

This is a good idea. Should include recreational property too. They should also stop giving out passports so easily.

 

Why would they? Canada is in the business of importing immigrants? 500,000 are coming in the next 2 years, probably more. 

 

I am closely following all cases as my wife applied for a Permanent Residency. You should see how fast students and Indians are getting approved. In like 3-6 months after they apply. Meanwhile we are still waiting after 2 years. Canada obviously does not need old people, which is fine. My wife does not want to move anyway anymore after watching CBC for the past year. 

 

I am an immigrant myself and it always sickened me the attitude of certain foreigners here as is Thailand is the only country that's after the money. Canada is much, much worse when it comes to extracting your hard earned cash. But at least in the past they pretended not to be xenophobic. This new law surely proves otherwise considering that it is 99% of Canadians and not those perky foreigners who overbid on homes and are real estate crazy.

 

 

Edited January 3, 2023 by Celsius

[Salerno]

5 minutes ago, Celsius said:

Why would they? Canada is in the business of importing immigrants? 500,000 are coming in the next 2 years, probably more. 

 

It's got nothing to do with immigrants - it's to stop "investors". Many countries are finding their citizens being priced out of the market. Although a lot of it is due to "natural" inflation a lot is also due to cashed up individuals buying up property in foreign countries, a percentage involved in money laundering.

[Celsius]

1 minute ago, Salerno said:

It's got nothing to do with immigrants - it's to stop "investors". Many countries are finding their citizens being priced out of the market. Although a lot of it is due to "natural" inflation a lot is also due to cashed up individuals buying up property in foreign countries, a percentage involved in money laundering.

 

What "investors"? A simple google search confirms that only 2.6% are foreign home owners. 

 

I am sure a lot more foreigners own property in Bangkok.

[Gottfrid]

20 minutes ago, swerve said:

This is a good idea. Should include recreational property too. They should also stop giving out passports so easily.

Sure it is! When foreigners comes to Thailand, they get angry they can not buy and own houses. But when home country does same, then it´s just all good.

[Salerno]

4 minutes ago, Celsius said:

What "investors"? A simple google search confirms that only 2.6% are foreign home owners. 

 

Your point being?

 

Perhaps actually reading the article instead of arching up over the dog whistle headline would allay your misgivings.

 

"Several exceptions in the act allow individuals such as refugees and permanent residents who are not citizens to buy homes."

 

As I said, nothing to do with immigrants.

[Pattaya Spotter]

Those racist xenophobic Thais...oh wait ????

[stoner]

31 minutes ago, Celsius said:

 

Why would they? Canada is in the business of importing immigrants? 500,000 are coming in the next 2 years, probably more. 

 

I am closely following all cases as my wife applied for a Permanent Residency. You should see how fast students and Indians are getting approved. In like 3-6 months after they apply. Meanwhile we are still waiting after 2 years. Canada obviously does not need old people, which is fine. My wife does not want to move anyway anymore after watching CBC for the past year. 

 

I am an immigrant myself and it always sickened me the attitude of certain foreigners here as is Thailand is the only country that's after the money. Canada is much, much worse when it comes to extracting your hard earned cash. But at least in the past they pretended not to be xenophobic. This new law surely proves otherwise considering that it is 99% of Canadians and not those perky foreigners who overbid on homes and are real estate crazy.

 

 

took my wife over 5 years to get citizenship. 

[Celsius]

16 minutes ago, stoner said:

took my wife over 5 years to get citizenship. 

This is for PR. The thing you apply for before you get citizenship. 

[BananaStrong]

Canada has no land!!!!  Too small!!!   

 

Oh wait, it's one of the biggest countries in the world.    

 

Oh wait, everyone wants to live right next to USA because USA is a real country and not negative 900000 C all day, every day.  lol

 

Canada.   

 

All the mexican cartels need to go to Canada and then foreigners should renovate Mexico!!!!!!!  

[swerve]

New Zealand has done the same.  

[stoner]

1 hour ago, Celsius said:

This is for PR. The thing you apply for before you get citizenship. 

really ? 

[Celsius]

19 minutes ago, stoner said:

really ? 

Yes. really. Why are you so confused? Are you stoned?

[stoner]

1 minute ago, Celsius said:

Yes. really. Why are you so confused? Are you stoned?

really ? you should just let it go. was too big for you. 

[JonnyF]

A good move by Canada. Hopefully other countries do the same. 

[VocalNeal]

1 hour ago, BananaStrong said:

not negative 900000 C all day,

Like Montana, et al????

[Celsius]

23 minutes ago, stoner said:

really ? you should just let it go. was too big for you. 

Really?

[stoner]

34 minutes ago, Celsius said:

Really?

who's on first....

[Celsius]

55 minutes ago, JonnyF said:

A good move by Canada. Hopefully other countries do the same. 

 

Yes. Extremely good move just like the rent control in Ontario. It made rent unaffordable for 90% of the population because of the lack of supply and landlords jacking up prices on empty units.

[BananaStrong]

56 minutes ago, VocalNeal said:

Like Montana, et al????

Montana is beautiful, but I'm not saying anyone wants to live in that freezing place during the winter.  

 

HOWEVER; my point stands!!!!!

 

On average across the year, no, Manitoba, Canada is not hotter than Montana, United States . Manitoba, Canada has an average temperature of 3°C/37°F and Montana, United States has an average temperature of 7°C/45°F.

[VocalNeal]

2 minutes ago, BananaStrong said:

HOWEVER; my point stands!!!!!

???? What that all Canadians want to live in the US or that the US is a real (sic) country. 

Neither statement hold water????

Edited January 3, 2023 by VocalNeal