Comments on: The Truth About Chinese Real Estate Investors

By: Roy

Roy — Mon, 16 May 2016 23:12:45 +0000

How does income not keeping pace with housing in Canada be the biggest reason why the price of real estate in Toronto (and Vancouver) is rising at unusually high rate?
If the income doesn’t rise very fast, then housing prices would not rise as fast either.
If you want to see Toronto real estate bublling, just look at Vancouver, it’s not going to be as bad, but I suspect Vancouver is so saturated that Toronto bubble will grow faster soon.

By: Tiffany Greene

Tiffany Greene — Sat, 14 May 2016 15:33:00 +0000

In reply to Dan.

It’s true that it’s more difficult to assess foreign ownership from corporations, but non-resident corporations are still considered foreign ownership. Conversely, a lot of immigrants are being lumped into the statistics that skew it higher – when in actuality they’re domestic.

We were trying to illustrate that “foreigners are buying the land” isn’t the whole story, but it’s being told that way. If you’re from Toronto, I’m sure you’ve met more than a few people that have multiple homes here. Heck, my folks have multiple homes.

By: Tiffany Greene

Tiffany Greene — Sat, 14 May 2016 15:20:58 +0000

In reply to Math professor. Whoops! Typo's been corrected, thanks!

By: Dan

Dan — Sat, 14 May 2016 12:34:53 +0000

Foreign ownership cannot be properly investigated because of the way canadiam corporations are used to funnel foreign currency.

Or you know, Canada has the most expensive houses because we’re tight for land and so awesome. /s

By: Math professor

Math professor — Sat, 14 May 2016 04:25:58 +0000

25% of 24% = (1/4) * 24% = 6%

By: Ahmed

Ahmed — Fri, 13 May 2016 18:20:37 +0000

It’s not foreign buyers, it’s banks. People earn $30k/year and live in million dollar houses. It’s ridiculous.

By: Kelly Carr

Kelly Carr — Fri, 13 May 2016 18:18:07 +0000

I’m constantly saying this to people and they think I’m nuts. Our generation isn’t paid enough.

We take out huge debt to get specialized training, then we’re expected to “intern” aka do free work, for two years. We’re already 6-7 years behind previous generations, THEN we have to repay our debts which puts us another two years behind.

By: Jason

Jason — Fri, 13 May 2016 18:15:03 +0000

I like that this article pointed out the sad state of journalism. It’s a big problem for all of us Canadians if we never receive reliable information. You can’t squeeze every last penny out of authors and expect them to turn out quality.

I remember growing up Maclean’s was actually a good new magazine. Now it’s just a printed version of an op ed, piece of garbage.

By: Grace

Grace — Fri, 13 May 2016 18:10:57 +0000

Real estate rarely makes me laugh, but that chart of Brad Lamb’s estimate vs the actual number brought tears to my eyes.

By: Thomas

Thomas — Fri, 13 May 2016 18:01:14 +0000

Brad Lamb is just like any other agent, they’ll lie and say whatever so they can get a commission. The real problem is that commissions are so criminal.