Canada Says Property Bubble “Not Great” For Locals, Good For Foreign Investors

Author: External Author | | Categories: EDMONTON MORTGAGE BROKER , Home Purchase Mortgage , Mortgage Broker , Mortgage Rates , SPRUCE GROVE MORTGAGE BROKER

A Canadian official in charge of housing policy confirmed the current market is not an accident. Instead, it’s a conscious decision where the government picked the winners and losers. TVO aired an interview with MP Adam Vaughan yesterday, discussing housing policy. In the interview, Vaughan, who helps oversee the CMHC, said price drops are not an option. The minister also said the market doesn’t work for locals, but is great for foreign investors. He also implied the strategy they might use to fix the market is one they were warned against. It was some interview. Here are the key market takeaways.

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Original Article Source Credits:   Better Dwelling ,

Article Written By:  Stephen Punwasi

Original Article Posted on:  APRIL 12, 2021

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