With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in the highest number of Toronto housing units for sale in more than a decade and signaling a big drop in prices in the coming months. In Toronto, a city where two-thirds of the country's condominiums are sold, considered a bellwether for other big metropolitan areas, inventories have pushed past highs reached 10 years ago, data showed. Rising inventories with anemic sales show a high degree of stress in Canada's biggest property market, real estate consultants said.
I’m a dual citizen with a lot of family in Canada. When I lived there, there was tons of homes owned by foreign investors especially the Chinese. Has Canada done anything yet about that?
Don’t be a bigot! Obviously nothing has been tho
Well I think they do better AML checks but that’s just performative.
Volume is down more so due to frostier relationship.
https://themash.ca/realestategossip/2011/12/19-awesome-again-lane.html
This was my old house in Canada. My neighbors were pretty much all Chinese and I never saw them even live in their houses. Can’t imagine what the more affordable housing is like
Yes. When I purchased my new home last year my wife could not be on the title because she is American.
Thanks what I’ll tell my wife too 😉