Only Canadian citizens buy in metro Vancouver, not landed immigrant. If you aren't willing to become a citizen you're just passing through with no intention of setting up roots in Canada Why Eyes?  Why is this good for our housing market? I'm willing to listen to the reasons, before I give my reaso...

Only Canadian citizens buy in metro Vancouver, not landed immigrant. If you aren't willing to become a citizen you're just passing through with no intention of setting up roots in Canada

So if you rent your property out you're exempt from the tax? What bullshit. If these cheaters can come up with phoney owners they will most certainly be able to show phoney renters. Govt gave cheaters a loophole I was thinking of this.... however if they use phony renters they have to pay income ta...

So if you rent your property out you're exempt from the tax?
What bullshit.
If these cheaters can come up with phoney owners they will most certainly be able to show phoney renters. Govt gave cheaters a loophole

Money laundering, tax evasion, multi-million dollar owners in welfare is like cancer to the system. I really hope David Eby and his team can clean house. You are pinning your hopes on a tax that is called a speculation tax, but does nothing to combat speculation.  Sayanything John is extremely corr...

I'm inclined to agree with Eyes here. Buyer pool for under 2 million seems more like locals with equity money from a townhouse or condo looking to move up. Equity money typically wont be getting you into a house over 2 million on income alone. I realize this is a generalisation, locals buy over 2 m...

How do $2m+ homes lose value but under $2M stay flat That's what's been happening since 2016. 2M plus market is not the same as under 2M. If immigration and foreign buyers are effected it will certainly mean problems with the West side...the over 2M homes I'm inclined to agree with Eyes here. Buyer...

Canada needs immigration and I think you would agree that rich immigrants are better than poor immigrants that stress our social assistance resources.

I'll take middle class immigrant over the rich ones - they make for better neighbours and are generally not tax evaders

How do $2m+ homes lose value but under $2M stay flat

That's what's been happening since 2016.
2M plus market is not the same as under 2M. If immigration and foreign buyers are effected it will certainly mean problems with the West side...the over 2M homes

I missed you eyes! Condescending as always!  You wont have to pass the official stress test, if you resign with the current lender. If you change lenders, you do.  If your lender views your position as higher risk upon renewal they get to choose under what terms, and rate they will renew your mortg...

are underwater 10% that can have real implications on your ability to refinance your property come renewal time Actually, you won't have any problems renewing. You only qualify for the first mortgage - for the renewals, your mortgage holders simply send a you the paperwork to sign. No qualifying. I...

You think everyone successful just steals money?

I believe that the more money you have, the greater the chance you cheated or stole to have it. There are some that did it honestly, but we sure are overrepresented in the dirty ones here in Vancouver.

are underwater 10% that can have real implications on your ability to refinance your property come renewal time Actually, you won't have any problems renewing. You only qualify for the first mortgage - for the renewals, your mortgage holders simply send a you the paperwork to sign. No qualifying. I...

Here? Late-comers get burned. "Toronto Home Sales Remain Depressed as Prices Begin Stabilizing ... sales in Canada’s once-hot housing market fell 35 percent from a year earlier to 5,175 units, according to data released Tuesday by the Toronto Real Estate Board. It was the weakest month of sale...

more writing on the wall. I was afraid that the NDP would not live up to their promises but I have to say... they delivered. It couldn't have turned out any better that they needed Green party's support to win government. Weaver will keep them in check. I'm looking forward to see if they implement ...