Thanks for making it possible for only non Canadians to buy…

Posted: December 11, 2015 in Uncategorized

A home in Canada.

Today the Fed’s decided they would up the minimum down payment limit to cool the crazy price increases in the housing market in Toronto and Vancouver.

The only thing they have done is put Canadians out of the market and made the market an easier place for off shore buyers to buy in.

The main culprits being money fleeing China to be hidden in real estate in Canada. They have the money and can’t buy over there any more so come over here.  Now Chinese buyers have ZERO competition through legislation.

Hey Ottawa! Did you not see what has happened in China? How about a closer look just over to our buddies south of the border?

Thanks for screwing us in yet other wonderful way Ottawa. You are always finding ways to outdo yourselves!

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