Canadians could be “held ransom” by foreign landlords

The government needs to get control of rising foreign ownership of Canada’s housing stock or risk the country’s renters being “held ransom” by landlords.

That’s according to the author of the Condo Bible, Dan S. Barnabic. Writing in the Huffington Post, he said that if the Trudeau government does not take action to limit the level of foreign ownership, those landlords will be able to dictate the rental market and price Canadians out of homes.

Barnabic said that foreign investment in the economy is vital but that large=scale investment in housing needs to be severely restricted or stopped altogether to avoid further impacting housing affordability.
 

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