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The federal government’s foreign homebuyer ban was designed to improve housing affordability, but a major flaw in the legislation is causing more harm than good, according to the Canadian Imperial Bank of Commerce.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account and fewer ads
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So local developers can do more?
Foreign buyers weren’t causing the real estate/rent prices to soar, lack of supply is…
This article is a clear show that both left and right know Chinese are the masters.
Fine. Whatever.
playing defense for Chinese Communist Party.
So just get canadian investors.
Real estate agents can go suck it..
🤣🤣🤣
Maybe doesn't say enough..no purchases mean just that.
Foreign homebuyer ban..yeah, right. Until dual citizens banned, it’s a waste of time. Especially TO, Vancouver, just reach into the tickle trunk and put on the beaver hat. Oh, and grab some poutine. Toothless law, except actual invaders/launderers for the purpose.
Are you arguing that Canadians should compete against the rest of the planet to by a home in our own country?
Take the short term pain now or massive collapse later.
Canadians taxed to death, then having 6% mortgage interests rates, are having an effect.
Gee Government officials who couldn't make it in private sector screws up plan, makes things worse I'm shocked!
It's climate change trust the science
30 years too late
We will adjust
Lol of kors blame the ban. 😆 😂 could it be the interest that is causing the damage. Global slow economy?
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Source: financialpost - 🏆 7. / 85 Read more »