| ▲ | accidc an hour ago | |
In Canada , it wasn’t limited to areas with economic struggles/lack of investment. Most of the investment was in major metropolitan cities, leading to a statistically significant percentage of residential housing stock being bought up with foreign(imported) capital. Many of these units were subsequently used as store of investment (left empty) Since policies did not support building at the pace that met increased demand(mainly immigration), and many foreign buyers were comfortable bidding up housing: this was a significant contributor to housing prices inflating to mutiples that were much higher than previous trends (i.e. upto 20 times median salary vs 5/7 times previously) And the foreign buyer ban did lead to a measureable decline in prices Anyway, | ||
| ▲ | throw0101a an hour ago | parent [-] | |
See also money laundering through Canada: | ||