Quote:
Originally Posted by chowhou
This is what I've said since the beginning. We should want foreign investment and foreign capital to flow into the country, but if we're afraid of foreign money influencing resale costs the answer is to ban foreign money from resales.
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Then why don’t foreign investors invest in building purpose built rental.
Carney’s plan just prolongs the market distortion offshore money caused. Property owners need to wake up to the fact they won’t be getting 2017 prices, municipalities need to realize they can’t keep squeezing developers for CACs reliant on foreign money and developers need to build for Canadian incomes.
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