- Joined
- Jul 14, 2012
- Messages
- 16,516
- Reaction score
- 8,229
- Location
- Montreal, QC
- Gender
- Male
- Political Leaning
- Liberal
My first thought is that it should be mandatory to be at the minimum a legal resident of the country in order to own property there. I'm willing to be convinced otherwise though.
My first thought is that it should be mandatory to be at the minimum a legal resident of the country in order to own property there. I'm willing to be convinced otherwise though.
I was reading an article on Reddit and it was a Global news article on whether we should tax foreign buyers of real estate.
What do you think? If you do not support a tax or limit what should be done to make homes more affordable for Canadians?
My first thought is that it should be mandatory to be at the minimum a legal resident of the country in order to own property there. I'm willing to be convinced otherwise though.
I could understand and probably support some type of additional hurdle for foreign purchasers of domestic property, like an additional (but not overly burdensome) tax, so long as that tax is designed for a useful purpose also in the realm of housing. For example, if that tax were used to support and fund low income housing as an offset to the increase in housing pricing that is the result of foreign investment.
I could actually make the argument that one of the primary drivers behind absurd increases to home prices are cars (pun intended). Consider the fact that in many metropolitan areas we have to devote massive areas to essentially housing an object while it is not being used. If we could convert even half of the area that is used for parking spaces into housing, the impact on home prices would be very significant. Wealthy people, and I imagine that Americans are probably more guilty of this than Canadians, are simply too addicted to their vehicles and to a need for massive space.
I would argue that this is a limitation that would amount to a disruption of international trade and could result in a trade war (or at least a petition sent to the WTO). Think of all the additional hurdles that would need to be met just in the event that you wanted to purchase a vacation home overseas - assuming that those countries also implemented similar rules.
I didn't realize Nova Scotia was such a population hot spot.
Is that true? Half of Canadians live in southern Ontario?
Is that true? Half of Canadians live in southern Ontario?
Well the line covers Montreal and Southern Ontario so yes. Sorry, BC.
Of course! You drive more West than North to get to Montreal from Vermont. Now it makes sense.
Bull****
Another thread on Canada hijacked.
No where in here is the OP even addressed.
Should anyone want to know, the problem originates in Vancouver, where the price of a stand-alone starter home anywhere in the region will cost 1.8 MILLION dollars.
Have fun with the Canada jokes....
Bull****
Is that true? Half of Canadians live in southern Ontario?
That might explain why so many Canadians have purchased property here in Arizona.
I guess what he's trying to say is that the 7 million people who live in Vancouver, the two million people in Alberta and the one and a half million across the north aren't REAL Canadians.
In my opinion it simply reflects ignorance and stupidity and part of the uniformed Canada bashing Americans go through to make themselves feel better about a divided and dying country.
Let's see populations of the metro areas involved:
Golden Horseshoe - 9 million
Montreal - 4 million
Ottawa - 1.5ish million
For a total of 14.5 million in those metro areas
We need 17.5 million to get half. We need only another 3 million which I imagine can garnered from other cities and towns.
Well the line covers Montreal and Southern Ontario so yes. Sorry BC.
Here is the East-West split:
It pretty much goes right through Toronto.
That might explain why so many Canadians have purchased property here in Arizona.
I guess what he's trying to say is that the 7 million people who live in Vancouver, the two million people in Alberta and the one and a half million across the north aren't REAL Canadians.
In my opinion it simply reflects ignorance and stupidity and part of the uniformed Canada bashing Americans go through to make themselves feel better about a divided and dying country.
Oh, so Vancouver , Victoria, Calgary, Edmonton don't exist in your world.
This is such a case of eastern arrogance. The greater Vancouver area alone has a population nearing five million.
I have no idea what you want to "get" to, but you're getting your jollies by making fun of your own county, and on top of is are off topic.
Please, drop in to the library and check some modern information about the country you live in,.....there really are some of us than don't live in Quebec or the Golden triangle.
Oh, so Vancouver , Victoria, Calgary, Edmonton don't exist in your world.
This is such a case of eastern arrogance. The greater Vancouver area alone has a population nearing five million.
I have no idea what you want to "get" to, but you're getting your jollies by making fun of your own county, and on top of is are off topic.
Please, drop in to the library and check some modern information about the country you live in,.....there really are some of us than don't live in Quebec or the Golden triangle.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?