kbraar146 karma2016-09-16 01:14:07 UTC
I don't know why this thread has so many down votes all throughout. As a banker, the rules involved in foreign acquisition of property in Canada are some that I find very lax in some ways, and not remotely fair to Canadians who propose the same.
The origin of funds is one part of it, but not the most concerning. It's the number of properties and amount of inflation that I find crippling to the rest the nation.
Has anyone proposed either better policies for everyone, or stricter guidelines for investors? A 15% tax is negligible for far too many of these buyers. Feels like a money grab.
Would love to offer a solution, I'd prefer to see equality in approvals for Canadians and non residents alike.
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