If true, the take-all-powers NDPLiberals may have just accidentally given affordable housing the most positive initiative to date! If this gets out among the unrestricted international/foreign buyers, then what does that mean? Will they take their Canadian assets, cash somewhere else as well as sell their Canadian real estate for more than tidy profits at the same time? Canadians may simply think that rich, international buyers are here only because they have the money and can afford whatever they want. WRONG! Canadians have misunderstood one of the main reasons foreigners buy real estate in Canada - unlike in some (not all) their home countries, there is security of law and title in Canada. Well, maybe that won't be the case going forward due to NDPLiberal greed for more and more power and in the absence of any meaningful military contributions to Ukraine. Combined with rising interest rates, stay tuned for the next housing market report!
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