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this post was submitted on 11 Sep 2023
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I don't know that we all agree with everyone being able to buy a house. I think there need to be significant limits or an outright prohibition on foreigners owning our real estate and I would go so far as to say even with non-citizens. Particularly if Canadians cannot reciprocally own property in said countries of origin.
More work needs to be done on bring non-renting vacancy property holders to their knees and banning AirBnB houses and get the message across that there's no more gold rush. Put up or shutup and get the hell out of the market if you just want to let an investment simmer. That's what index funds and REITs are for.