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r/canadahousing

▲ 435 r/canadahousing

Liberal Gov latest spin: Dropping the foreign buyer ban will somehow create "housing opportunities" for domestic buyers.

When foreign money floods the housing market, home prices surge.

When foreign money exits, prices crash.

If the Liberals removes the foreign buyer ban on Jan 1, the goal will be to drive prices higher, as profit-driven foreign investors require it.

u/Signal-Specific-1704 — 6 days ago
▲ 465 r/canadahousing

Govt hints at dropping the foreign buyer ban, and pretends foreign profit-driven investors will somehow create the supply Canadians need for affordability.

Finance Minister François-Philippe Champagne recently told reporters in Ottawa that the federal government is "mulling its options" ahead of the foreign homebuyers ban expiring at the end of the year.

"We’re looking at all the options that we have in front of us, considering where the market is going, what has happened over the last few years... We want to make sure that we have a higher stock of housing opportunities for Canadians."

nationalpost.com
u/Signal-Specific-1704 — 7 days ago