[quote=CA renter]I think that the rights of citizens should come before the rights of foreigners…[/quote]Like the right of citizens to sell at a higher price? Or do only citizens who are buyers have rights?
[quote=CA renter] We should not lock locals out of the housing market because foreigners want to buy vacation homes here (and I would argue that other countries have this obligation to their people as well).[/quote]
The government is not locking anyone out. Savers can compete with foreigners for the same property. They have the mean and the $ to do so, since they have been saving just like those Canadians. Why should government step in and tell who can buy luxury goods? $1M+ homes are a luxury, not necessity.
