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Mortgage Broker News | 16 Jun 2016, 08:15 AM Agree 0
Holding foreign buyers accountable by making them reveal their funding sources would be an effective first step in improving regulations, according to a real estate lawyer
  • Kris K | 16 Jun 2016, 09:12 AM Agree 0
    That is exactly right.

    Not only the flow of foreign funds, however, the flow is not taxed in any way and makes a killing with no underlay of cost.

    In the meantime, the Bank of Canada is silently screaming that we progressing into recession territory based on the hugh imbalances in these two hot markets.

    This is simply a recipe for allowing foreign buyers to wreac havoc in our domestic real estate markets.

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