Canada

Of course they are. The entire world is cashing in on our real estate market and leaving Canadians out in the cold.

I used to be a mortgage broker. There are Chinese monoline lenders that exclusively lend to students/immigrants; and do not require income verification. Meanwhile down payment verification (making sure the $ wasn't illegal etc) is ridiculously easy to get around. So that means when it comes time to debt service the mortgage, Canadians are at a huge dis-advantage because foreign buyers using those lenders can essentially bypass debt servicing entirely.

If those foreign buyers default than the property belongs to the bank, aka the chinese government.

I've got nothing against people moving to Canada to become Canadian. But foreign governments are using Canadian real estate to park their money and it's hurting Canadians; including immigrants.

If they comport with affordabillity conditions then might be good. That thing is very different from the other (begging to gut restrictions on foreign home buyers)

Also no arguing we cant make a profit if we dont get everything we want and not have to end up actually building affordable rent-only housing

It's interesting looking at the housing targets the Ontario government set for its largest municipalities and how many are reaching them. Oakville was the largest place to exceed its target in 2024 (123%). North Bay hit a whopping 277%, but has one of the smaller targets to begin with. Toronto did okay (about 77%), but Ottawa didn't quite make half its target, and Missisauga only managed about a third.

There is no guarantee that any of this is affordable or geared-to-income housing.

data here

This is another one of those posts that's getting downvotes without an explanation.

Did I hit a nerve bashing Carney's housing strategy? Does Gregor Robertson browse c/canada and not appreciate my trolling? Do Lemmites dislike the content of the article?

I'll never know.