this post was submitted on 20 Aug 2023
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Agreed. Some speculation online that China could be cracking down on rich citizens' foreign investments via Canadian + other nations housing, since that money could be lost if sanctions were ever imposed due to, for instance... invading Taiwan. Let's hope that isn't the reason...
I'd love for housing prices to go down for younger people to be able to afford something, but if it all crashes too quickly, it'll be really painful for everyone.
Ironically the reason they were investing overseas in the first place was because of the risk of losing the money in China.