this post was submitted on 17 Jul 2024
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[–] MajorMajormajormajor@lemmy.ca 39 points 1 year ago (2 children)

At the same time, many are also reluctant to lower asking prices and book losses on their investment, he said, at least for now.

"There's just limited willingness to lose money," said Daniel Foch, director of economic research at RARE Real Estate. "It seems like nobody has really adjusted their expectations to a market in which they aren't going to make a profit," he said.

Oh no, won't they think of those poor investors!

[–] ThirdWorldOrder@lemm.ee 10 points 1 year ago (2 children)

I’m a dual citizen with a lot of family in Canada. When I lived there, there was tons of homes owned by foreign investors especially the Chinese. Has Canada done anything yet about that?

[–] sunzu@kbin.run 7 points 1 year ago (1 children)

Don't be a bigot! Obviously nothing has been tho

Well I think they do better AML checks but that's just performative.

Volume is down more so due to frostier relationship.

[–] ThirdWorldOrder@lemm.ee 2 points 1 year ago

https://themash.ca/realestategossip/2011/12/19-awesome-again-lane.html

This was my old house in Canada. My neighbors were pretty much all Chinese and I never saw them even live in their houses. Can’t imagine what the more affordable housing is like

[–] pbjamm@beehaw.org 2 points 1 year ago (1 children)

Yes. When I purchased my new home last year my wife could not be on the title because she is American.

[–] ThirdWorldOrder@lemm.ee 2 points 1 year ago

Thanks what I’ll tell my wife too 😉

[–] cheese_greater@lemmy.world 7 points 1 year ago

Butbutbut muh jackpot?!