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Mortgage Broker News | 04 Oct 2016, 08:15 AM Agree 0
John Tory says the influence of foreign capital in Vancouver’s single-family home market is well-documented, unlike in Toronto
  • Kris Kooblall | 04 Oct 2016, 09:44 AM Agree 0
    It is not data and reports that are needed to confirm the effect of foreign buyers on the residential housing market in Toronto.

    It is not that the evidence is well documented in Vancouver, it is that tens of thousands of Canadian families will NEVER be able to purchase a single detached home in Vancouver for their families to live in.

    That is a fact.

    That will happen very soon here in Toronto.

    Mr. Joe Oliver, our previous federal finance minister, et al, has called for the immediate implementation for the tax to be introduced to quell the crisis and fury on the market.

    We have exhausted the rationale as to why the tax needs to be implemented with supporting and fact filled arguments.

    Mr. Tory is starting to appear very non- descript here.
  • TWH | 04 Oct 2016, 10:25 AM Agree 0
    The Data already exists and we read it each month. It can be vetted using 3 separate branches of governments data combined with sales data released publicly.

    If you can read what the data actually says, you knew exactly when Vancouver's prices began to be impacted by FB capital.

    If not you waited months later and went to the land registry office and checked.

    It is that crazy with so many Housing Economyths being believed with no evidence to support them.
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