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Canadian professionals’ statements reflect Chinese fears over new tax

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Ephraim Vecina | 29 Jul 2016, 08:15 AM Agree 0
Observers warn that the uncertainty introduced by the new tax would make investors wary of funneling more money into Canadian markets
  • valentine | 30 Jul 2016, 09:13 PM Agree 0
    It is about time the government did something positive over the forever increasing real estate prices in Vancouver. Canadian kids who were brought up in greater Vancouver, can not afford a detached home, evan though they are semi-professional and have degrees. ( one of my own has a buisness). Another way to prevent this increasing surge is to have these investors marry a canadian in order for them to be allowed to buy; as is the case in the Phillipines. The only people against this are the ones that make money off of the sales. It is despicable our Federal government is allowing Canada to be sold out to the highest bidder namely China and India and allowing most of our kids to only afford apartment and semi detached living. It is time we woke up to what is really going on.
  • MFenn | 01 Aug 2016, 08:17 AM Agree 0
    So: "shotgun weddings" effectively promoted by the Canadian government for property buying purposes? and what about the fact that in Toronto more people were born outside of Canada than in Canada? Penalizing people in Toronto for being "foreign" would be breathtakingly cynical. But if Vancouver wants to say: "Go away investment", then it will likely be Toronto's investment gain.
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