Pierre for Prime Minister: The cost of home ownership in Canada is twice the Cost in the USA (3)

May 17, 2023 7:39 PM CST Pierre for Prime Minister: The cost of home ownership in Canada is twice the Cost in the USA
May 31, 2023 6:50 AM CST Pierre for Prime Minister: The cost of home ownership in Canada is twice the Cost in the USA
PRETTYINFUSHIA
PRETTYINFUSHIAPRETTYINFUSHIASouth Central, Manitoba Canada5 Posts
IMO there needs to be stricter rules around property ownership. In the last 2-3 decades it seems foreigners drove up the price of housing by flipping them for profit. Buying up the markets causing a shortage which created bidding wars over homes. Government needs to put an end to this practice. I lived in Thailand and they are very strict about who can purchase property. I believe a foreigner cannot own.
Aug 17, 2023 7:50 PM CST Pierre for Prime Minister: The cost of home ownership in Canada is twice the Cost in the USA
bcjennyonline today!
bcjennyonline today!bcjennysomewhere in B.C., British Columbia Canada208 Threads 899 Posts
PRETTYINFUSHIA: IMO there needs to be stricter rules around property ownership. In the last 2-3 decades it seems foreigners drove up the price of housing by flipping them for profit. Buying up the markets causing a shortage which created bidding wars over homes. Government needs to put an end to this practice. I lived in Thailand and they are very strict about who can purchase property. I believe a foreigner cannot own.
I totally agree with you Pretty,
The question is; Why is it still going on?
Canada has a severe housing shortage.
Also rent should not be allowed to increase.
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