Deep-pockets from China seem to have gluttonous appetite for real estate in the Great White North …
This phenomenon created a lot of resentment among Canadian folks
…Vancouver Real Estate’s Foreign Money Influence Is Real. Says Guy Who Says He Has Proof.
Huffington Post Canada –
… notoriously overheated real estate market continues to surge, pushing the average price of a single-detached home in Vancouver to $1.5 million.
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Last year, Canada’s anti-money laundering watchdog FINTRAC claimed to have stepped up enforcement activities in Vancouver’s real estate market. A report prepared for the agency suggested the real estate sector was at “significant risk” for money …
China’s CITIC Bank tries to seize real estate assets in Canada
Com’on, Canada. What’s happening?They say “Cash Is King” … What can we say?
BlackburnNews.com – Jun 30, 2016
Communities favoured by Chinese immigrants in Vancouver saw a drop in housing prices over about a year relative to the overall housing market after the termination of the Canadian Immigrant Investment Program in 2014, Pavlov said. “This is as good …
Now folks are even seeking help from a celebrity “Extremist” Donald Trump …
Straight.com (blog) – Jun 21, 2016
The petition requests that Ottawa collect data on foreign investment in Canadian real estate, study restrictions that other country’s place on offshore investments in real estate, and that, “if appropriate”, the government “require potential buyers to …
What’s next … Jihad (against the foreign investors)?