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CMHC gets serious on foreign investor issue

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Canadian Realestate Magazine | 11 Nov 2015, 01:28 PM Agree 0
We won’t know how much overseas investors are driving our key metro housing markets until we have better numbers
  • Fred | 12 Nov 2015, 09:23 AM Agree 0
    "The agency already surveys property managers about how many of their units are owned by foreign buyers." That is not the best way to determine who REALLY owns the property.

    I have no problem with a foreign home buyer if the buyer is using the property as a PRIMARY residence! Everyone needs a home. I do have concerns when he or she uses the property as an INVESTMENT and expects earnings on the back of a tenant!

    Housing should be about addressing a basic human need - not about earning a capital return.

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