Just a Guy wrote: ↑14 Dec 2017 22:51
You make it sound like cities of Kamloops, Edmonton, Calgary, Saskatoon, Regina, Winnipeg, Hamilton, Ottawa, Quebec City, Montreal, St. John's, etc. Are all small hick towns without job prospects or even indoor plumbing.
You are putting words in my mouth, again.
Just a Guy wrote: ↑14 Dec 2017 22:51
These are all growing cities, and very affordable.
Hamilton has skyrocketed in the last few years due to spill over from GTA. Average house price is between $555K and $585K. That doesn't strike me as "very affordable". CHMC rates Hamilton as overvalued.
Ottawa: I live in Ottawa. It's in a better shape than GTA but I wouldn't call it "very affordable" either. House prices have far outpaced income growth in the last two decades. Ottawa is not subject to 15% foreign buyer tax, so it's getting hotter while Toronto is cooling down a bit.
Calgary was very similar to Ottawa the last time I looked.
Just a Guy wrote: ↑14 Dec 2017 22:51
You fear an unsubstantiated "foreign investor" which you get from internet posting as opposed to stats Canada or any reliable source.
Our government refuses to collect relevant data, so it's must be an imaginary problem. See, if it were a real problem, they would promptly give us official data. No data... not problem. In the meanwhile, don't believe your own lying eyes.
But here's the funny thing, every time the subject of foreign buyer taxes is brought up, RE lobby starts shrieking.
Foreign buyers are absolutely not a problem, screams the lobby.
If so, it shouldn't be a big deal if tax them more?
No, god forbid, that would totally destroy Canadian economy.
Right, that must mean they ARE distorting our market?
No, no, no, says the lobby, they have absolutely no impact on affordability. But don't you dare to tax them more. That will be the end of the world as we know it.
Just a Guy wrote: ↑14 Dec 2017 22:51
Btw, if you look up the definition of xenophobia, you'll find it's different than racism...
Yes, I know the difference. Xenophobia card... racism card... it's the same game. Shut down the debate by labeling your opponents as intolerant.