With Vancouver and now Toronto imposing the foreign buyer tax do you feel Calgarys housing market will be next to soar in Canada?
With Vancouver and now Toronto imposing the foreign buyer tax do you feel Calgarys housing market will be next to soar in Canada?
Not likely. Vancouver and Toronto gave some level of "value" to foreigners. Calgary has very little prospect given the economy is based on O&G.
Also foreign investors have other options outside of Canada. When canada gov treats foreign investors poorly, they can easily invest elsewhere. Tax will apply to calgary or any other city that foreign investors invest in eventually.
Originally posted by beyond_ban
Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.
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Last edited by Sugarphreak; 08-17-2019 at 05:20 PM.
I don't know about soar but if condo prices can even get back to where they were a couple years ago I would be satisfied.
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
As soon as there is a significant west coast earthquake, Yes.
DXY 100
Look out water fountains of Calgary.
I would be beyond happy with even a fraction of that foreign frenzy but i agree we dont have much to offer like Van and TO.
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It's starting to happen, one of my friends whos a realtor has been getting quite a few clients from china lately
We have water fountains?Originally posted by Hallowed_point
Look out water fountains of Calgary.
x2Originally posted by max_boost
I don't know about soar but if condo prices can even get back to where they were a couple years ago I would be satisfied.
Ultracrepidarian
I am waiting for the market to crash. Doubt it ever will though.
Can any realtors from beyond chime in?
The Chinese demand data is pretty public.
https://list.juwai.com/
Latest data from Feb 2017:
https://list.juwai.com/news/2017/02/...picks-for-2016
Broken down by country, and by city. Montreal is still ahead of us, but we've jumped to 4th place in terms of demand, my guess thanks to direct flights from China.
Originally posted by SEANBANERJEE
I have gone above and beyond what I should rightfully have to do to protect my good name
Lol..oops probably a good thing then.Originally posted by flipstah
We have water fountains?
Montreal would be 3rd after Van/TO but French being main language, culture, xenophobia etc. would steer a lot away.
Calgary definitely 4th...but also xenophobia, oil/gas industry based as was said, it's too "in-land" so not as attractive, ... "cowboy stampede hockey oil country" culture also not attractive to them, shame on us for not being more accommodating and culturally enriched/diverse, but if they come in enough numbers I suppose they can take over / settle in nicely. lol
There's a lot of speculation about Victoria, BC blowing up for sure. I can see that if it hasn't already. *Hint-hint* for any "rich foreign investors".
Definitely some activities around Canmore area as I was approached by a couple realtors with their so called "cash buyers".
Why buy houses when you can buy oil companies.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
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wtf is going on here?Originally posted by Hallowed_point
Look out water fountains of Calgary.
Apparently they're buying office towers. Ford Tower was sold to some Chinese corporation, will promptly fill it with 500,000 Chinese.
Because Nexen is worth half of its purchase price now.Originally posted by killramos
Why buy houses when you can buy oil companies.