There are several factors slowing the market. The Canadian economy has slowed along with the rest of the developed world. But a series of recent policy changes enacted by the federal government in Ottawa have had the most impact, according to Realtors, marketers, lawyers and bankers.
This summer, Canada's immigration minister temporarily froze two programs for immigrants: the Federal Skilled Worker Program and the Immigrant Investor Program. The latter program grants citizenship in five years to qualified immigrants who agree to invest at least C$800,000 in Canada. Real-estate agents said the freeze, which ends in January, has slowed buying from Chinese.
In one Chipman says:
You Shitbirds will be disappointed yet again.
The WSJ article highlights how the Canadian immigration rules will change again in January. Watch houses in Richmond and the Westside EXPLODE higher.
Can’t you read the tea leaves when it’s that EASY!
I’d be buying now and flipping in a handful of months, if you did this with a few properties you could easily score a million or more in 5-7 months with perhaps 10-15 hours of total effort.
Yes, I know for the average goofball on this blog that’s chump change, but for the rest of us mere millionaires it’s a decent return on our capital. Your invited to the party, all you have to do is say yes.
I mean let's face it. When someone has opportunities to flip for sure fire gains, they are out making the purchases. Then they sell, realize the profit and look for another opportunity.
They post as a way to vent their anger at that message.
I have a feeling the market's changing dynamics have a lot of people on edge,
The real question is, why does it bother you so?
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