Is it wise to buy a house when land or is it better to rent? Which is better? I heard the Canadian housing market will crash or prices will come down.
This is already happening.newtone said:Canadian government has to pass a bill which restricts foreign investors from buying property in Canada or reduce the quota of immigrants coming into Canada.
No, it's not. Foreigners (as well as Canadian expats) can still buy properties in Canada.SinghLovCan said:This is already happening.
So? As a foreigner you can still buy property in Canada, no problem. You do not have to be part of the investor program or anything.SinghLovCan said:They cancelled the foreign investor program. No more Chinese investors now.
According to a recent newspaper article, 272,608 Temporary Resident Visas had been issued to Chinese nationals in the first 9 months of 2014. There are no shortage of real estate investors from China!SinghLovCan said:They cancelled the foreign investor program. No more Chinese investors now.
It makes perfect sense to me, China has money and population Canada does not have money nor population. Its a marriage made in heaven. I think they should increase the TRV to 500,000steaky said:According to a recent newspaper article, 272,608 Temporary Resident Visas had been issued to Chinese nationals in the first 9 months of 2014. There are no shortage of real estate investors from China!