Still, even so I don't think it will discourage foreign speculators who just flip and flip, and driving up housing prices. Many resident citizen and PR will never afford houses unless they somehow hit the jackpot like those happy people in NL.That’s tax deductible hello? And money for housing development.
If you don’t discourage foreign buyers then many resident citizens and PR will never can afford houses.
Reverse mortgages and HELOCs still have to be paid back.Yeah, so as prime ministers and church ministers are all ministers, Electrical engineer, civil engineer, marine engineer, janitors are all engineers..assistant manager, property manager and general manager are all managers, CEO, police officer, conservation officer, CFO are all officers. Film director, company director are all directors. LOL!
If he know what he's talking about, why he did not mention about reverse mortgage and helocs? What research did you do on your side in relation to housing in Van? For me, I rely mainly on the media (and Internet which includes commercials) and my realtor friends (who have hands on experience) without doing research on my own. After all, I'm not a researcher (although I used to be one).
Yes, but you can take cash out. And better yet, you keep the title of the property and can continue to live in the property.Reverse mortgages and HELOCs still have to be paid back.