The solution is to ban foreign ownership and anything that is foreign owned needs to be sold within 12 months or it becomes property of the state.
this post was submitted on 25 Nov 2025
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Workaround : a company bought it, Investors are in another couple of offshore company, no names.
This game has been played by money Laundering folks a d foreign investment companies, sounds good as a headline but putting it in practice is way harder.
No corporation should be able to possess a single-family home. It’s pretty easy to tell when something’s a shell company for a foreign owner. Just do it. The government needs to get off it’s fucking ass
I don't think anyone disagrees, you're just about 35 years too late.
When corporations were starting to claim "rights" as a person would in the early 90s, many people objected loudly. Money is louder.
I’m not about 35 years too late. I’m saying we take it and if they have a Problem… They can go to a court and get rejected. And if the court doesn’t reject them, break the legs of the court. Do it French style.
Of course, that won’t happen… Whatever the States are doing as well should be expected in about five or 10 years.
No, the solution is that corporations are banned from owning housing, and no individual be allowed to own more than 2 properties.
Housing being a portfolio asset and not a necessity is what has caused this mess, not foreign influence.
Agreed, But also, non-citizens should never own property
CRA needs to stop making real estate a tax haven. But we are now so over leveraged as a country, any changes would collapse Canada into a failed state. >80% of all the wealth in this country is now trapped in real estate.
but chinese money is too good to miss for canada though.
/s
This is proven bullshit. The problem is thousands of Terry and Barb Boomers investing in real estate speculation.
Next, blame immigrants.
Foreign ownership of housing is a small part of the issue.
spoiler
(Source)
Canadians are very content to collect rents from each other. You could ban foreign ownership entirely and it won't make housing affordable.
That's fucked... I can't ever move unless I want to change my entire lifestyle and by that I mean eating food.
no matter where I'd move I'm paying well over double what I pay now.
I've been keeping an eye on Burnaby. In 2023 they created a municipal housing authority to build public housing which will, in my opinion, do a lot to fix housing affordability. Once their buildings actually start getting built, assuming they don't fuck it up, maybe I could move back to civilization.
It's extremely naive to think building more housing will make housing cheaper. Cities like Vancouver and Toronto wil never tell you how many empty houses and condos are sitting unused on speculation.