Billions in 'unknown' funds flowing into Canada's housing market [video]

Post by [deleted] » Fri, Jul 30, 2021, 4:24 AM UTC

Post by judge2020 » Fri, Jul 30, 2021, 4:29 AM UTC

Post by devoutsalsa » Fri, Jul 30, 2021, 4:32 AM UTC

tolbish wrote: post #3

Should housing be a primary vehicle for investment and the de facto way of making money? Or should it serve as a necessity and basic aspect of life?

Post by hnburnsy » Fri, Jul 30, 2021, 4:35 AM UTC

judge2020 wrote: post #4

I don't think you need to look far to figure out that foreign cash purchases are coming from... foreign rich people who realize that housing is the best long-term investment possible.

Post by pstrateman » Fri, Jul 30, 2021, 4:37 AM UTC

hnburnsy wrote: post #8

judge2020 wrote: post #4

I don't think you need to look far to figure out that foreign cash purchases are coming from... foreign rich people who realize that housing is the best long-term investment possible.

>Canada’s Business Immigration Program, specifically the investor stream, is a primary cause of the housing crisis, according to Gordon. This “cash for citizenship” program has allowed wealthy individuals (net worth $1.6 million or higher) to come to Canada. https://the-peak.ca/2016/05/vancouvers-housing-crisis-caused...