Canada has announced a two-year cap on international student visas to ease the pressure on housing, health care and other services at a time of record immigration
That’s what they’re doing. Foreign students, especially from China, are the ones driving up prices in places like Vancouver. They come to school, mommy and daddy buy them 3 homes because they don’t like the last one, and sit on them because they got assets out of China now.
That’s what they’re doing. Foreign students, especially from China, are the ones driving up prices in places like Vancouver. They come to school, mommy and daddy buy them 3 homes because they don’t like the last one, and sit on them because they got assets out of China now.
I’m willing to bet corporations and cashed up landlords are buying up more property than Chinese citizens.
Ban corporate ownership entirely, and implement a cap of 2 properties per resident, and the housing “crisis” will evaporate overnight.
This is just not correct