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You must be in Canada? I thought Chinese dominance over your real estate market was actually a significant issue, requiring recent legislative action.
You thought wrong.
Foreign home ownership makes up a relatively small part of our housing market. Focus on it is mostly a misdirection from the real causes of our cost-of-living problem which is home grown housing speculation and lack of investment in social housing. And even were foreign home ownership occurring at a problematic rate, that’s nothing in comparison to annexation of a country.
Dunno. Vancouver’s pretty fucked for housing and that’s got 6.2% foreign ownership rate. I wouldn’t mind being able to have a shot at affording a home in my city.
It’s not the ONLY reason housing is fucked but 6.2% isn’t nothing.