Vancouver Real Estate 'Bubble' at 30-year Peak

[logicbomb]

Originally Posted by madog222

https://www.cmhc-schl.gc.ca/en/media...ns-regulations

Yeah this should make housing more affordable Maybe we can add 10 million people into the country as well to make it even more affordable too!

[chowhou]

Originally Posted by logicbomb

Yeah this should make housing more affordable Maybe we can add 10 million people into the country as well to make it even more affordable too!

It's a good change, we shouldn't block capital from flowing into the country; Especially if it's for building much needed housing. Even in Australia the land of "no foreign buyers" they allow foreigners to buy vacant land and new builds. New builds are our friends, let them bloom!

[JaneSandpiper]

Originally Posted by Changing City

Really? An investor can pay off a condo by renting it out in five years? That seems unlikely, even going the AirBnB route. If it's true, it's not at all surprising that nearly half the condos in the city are owned as investments. (Some were second homes, but we know that the new tax regime has pushed some of those back into the market).

The new tax on the real estate market aims to balance the scales by discouraging short-term speculative investments and promoting long-term rentals. This could lead to more stable and affordable housing options, benefiting both tenants and the broader community.