Saltwater60
20×102mm Vulcan
Canada to Ban Foreigners From Buying Homes as Prices Soar
www.bloomberg.com
Canada bans foreigners from buying homes
- Thread starter Saltwater60
- Start date
www.bloomberg.com
spat
.700 Nitro Express
Is Foreigners like a Canadian knock off of Foreigner ?
Do they have songs like "warm blooded" and "cool as slush" ?
Or are they just a cover band ?
And why are they buying houses ?
Do they have songs like "warm blooded" and "cool as slush" ?
Or are they just a cover band ?
And why are they buying houses ?
Acer-m14
20×102mm Vulcan
good .. if this passes ,., you can't protest again lol
Jmac00
.475 A&M Magnum
sooooo, no more truckers protesting or assisting truckers protesting, got it. communist canada does'nt like it's authority being challenged
livingston
20×102mm Vulcan
Two points about this issue. First, can you imagine the media outcry if a conservative prime minister would ever make such a proposal? Quite a leftist change from the previous mantra “diversity is our strength”?
Second, considering the issue of foreign investment that creates housing, there is a likelihood this could backfire. The new position of Canada will certainly put more upward pressure on the U.S. housing market. Every action tends to have an equal and opposite reaction. It will be interesting to follow this and see where it leads.
theconservativetreehouse.com
Second, considering the issue of foreign investment that creates housing, there is a likelihood this could backfire. The new position of Canada will certainly put more upward pressure on the U.S. housing market. Every action tends to have an equal and opposite reaction. It will be interesting to follow this and see where it leads.
Canada Bans Foreign Home Buyers for Two Years - The Last Refuge
In Chapter 1, sub-section 1.4 of the 2022 Canadian budget, there is a rather remarkable new rule that bans foreign ownership and investment in housing for a period of two years. [LINK HERE] “To make sure that housing is owned by Canadians instead of foreign investors, Budget 2022 announces the...
theconservativetreehouse.com
Different Drummer
.44 mag
There is more to this.
I own a small cottage in Canada that I have been spending the summer months at. Nothing extravagant etc. Quite small with one bedroom, one bathroom and an open concept kitchen / living area.
Water, sewer and garbage removal are billed annually as part of the tax bill rather than by usage. Historically we were given a break on the Water, sewage and garbage tax. Because we are seasonal users we were allowed to pay 1/2 of those fees or 6 months worth. Still more than what we used in the 3 months maximum a year that we spend there. Five years ago when the socialist system was searching for more ways to generate income the 1/2 deal was taken away. We now pay a full year for water, sewer and garbage removal. And it is not inexpensive by any means.
Recently we received information that serious consideration was being given to double the property tax for non citizen homeowners. Not just going up but doubling. They reason that you are not there for a full year to spend money in their Country so you will be charged a double tax to generate income for the Govt. This is in spite of the fact that I am not allowed to stay for more than six months!
HST ( harmonized sales tax ) on all purchases is 15%. Prices of petroleum related product and alcohol are Govt. set.
Right now gasoline is over $1.85 / liter and diesel is over $2.40 / liter. Do the math for the price per gallon.
And we are heading down that road like a runaway freight train. ALL ABOARD COMRADE!!
I own a small cottage in Canada that I have been spending the summer months at. Nothing extravagant etc. Quite small with one bedroom, one bathroom and an open concept kitchen / living area.
Water, sewer and garbage removal are billed annually as part of the tax bill rather than by usage. Historically we were given a break on the Water, sewage and garbage tax. Because we are seasonal users we were allowed to pay 1/2 of those fees or 6 months worth. Still more than what we used in the 3 months maximum a year that we spend there. Five years ago when the socialist system was searching for more ways to generate income the 1/2 deal was taken away. We now pay a full year for water, sewer and garbage removal. And it is not inexpensive by any means.
Recently we received information that serious consideration was being given to double the property tax for non citizen homeowners. Not just going up but doubling. They reason that you are not there for a full year to spend money in their Country so you will be charged a double tax to generate income for the Govt. This is in spite of the fact that I am not allowed to stay for more than six months!
HST ( harmonized sales tax ) on all purchases is 15%. Prices of petroleum related product and alcohol are Govt. set.
Right now gasoline is over $1.85 / liter and diesel is over $2.40 / liter. Do the math for the price per gallon.
And we are heading down that road like a runaway freight train. ALL ABOARD COMRADE!!
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Modean
.223 Rem
In this country we ought to ban corporations from buying up single family homes. That’s a big factor in the crazy pricing right now.
Paxal
.223 Rem
You think they are buying up a lot now, wait until the high interest rates cool the market. Then Black Rock will really swoop in. The point being to make everyone a tenent. This is what your investment in REITs is funding.
Saltwater60
20×102mm Vulcan
Burn it down and collect the insurance money.
Saltwater60
20×102mm Vulcan
Businesses have a right to make money and buy whatever they want. Jusymt wait in a year there will be plenty of cheap houses because stupid millennials thought houses repaired themselves. If and when the student loan payments start up you’ll find cheap houses.