Posthaste: 'The damage is real' — Foreign homebuyer ban causing upheaval in real estate industry

Play Video

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

Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment onSupport local journalists and the next generation of journalistsSubscribe now to read the latest news in your city and across Canada.

Right wing CONservatives: We need to stop foreign buyers from buying homes in Canada, they are driving up the price of homes. Also CONservatives: PM Trudeau is causing damage to Canada by not letting foreign buyers buy homes here. They can't make up their minds, anything to hate

Given how many Liberals are lawyers it's inexcusable that these mistakes keep occurring.

Only 3rd world countries do this kind of stuff. Prices are high because of greed and abusive practices by real estate companies. Welcome to the Banana Republic of Canada.

Wasn't this the intent of the legislation? For better or for worse

No, not really.

Who cares

As usual incompetent Liberal Party can't even get this right

This is such BS.

The of unintended consequences at work

Ban them!

A country that bases too much of its economy on real-estate is a weak country economically. Homes are for Canadians not for foreign speculators.

And were all the Absent CCP Canadian homeowner's doing us any good?

Poll: Did the Liberal Government intentionally cause a housing crisis in 🇨🇦? ⚠️ MONEY LAUNDERING ⚠️

Yeah. It's the foreign homebuyer ban. Not the crashing housing market, insane interest rates, un-precented inflation from printing money.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Posthaste: 'The damage is real' — Foreign homebuyer ban causing upheaval in real estate industryThe language used in the foreign homebuyer ban legislation is stopping real estate development in its tracks, CIBC says. Find out more. What about the damage to the fabric of the nation if the citizens have to compete against the world to buy a home in their own country? 'The damage is real' how short-sighted can you be? The act and its language is good. Canadians cannot compete with corporations or organized crime money laundered in our real estate market.
Source: financialpost - 🏆 7. / 85 Read more »

Posthaste: 'The damage is real' — Foreign homebuyer ban causing upheaval in real estate industryThe language used in the foreign homebuyer ban legislation is stopping real estate development in its tracks, CIBC says. Find out more. Lol of kors blame the ban. 😆 😂 could it be the interest that is causing the damage. Global slow economy? We will adjust 30 years too late
Source: nationalpost - 🏆 10. / 80 Read more »

Posthaste: 'The damage is real' — Foreign homebuyer ban causing upheaval in real estate industryThe language used in the foreign homebuyer ban legislation is stopping real estate development in its tracks, CIBC says. Find out more.
Source: fpinvesting - 🏆 43. / 63 Read more »

Posthaste: 'The damage is real' — Foreign homebuyer ban causing upheaval in real estate industryThe language used in the foreign homebuyer ban legislation is stopping real estate development in its tracks, CIBC says. Find out more.
Source: calgaryherald - 🏆 64. / 52 Read more »