You must be in Canada? I thought Chinese dominance over your real estate market was actually a significant issue, requiring recent legislative action.

[–] grte@lemmy.ca 3 points 7 months ago* (last edited 7 months ago) (1 children)

You thought wrong.

Foreign home ownership makes up a relatively small part of our housing market. Focus on it is mostly a misdirection from the real causes of our cost-of-living problem which is home grown housing speculation and lack of investment in social housing. And even were foreign home ownership occurring at a problematic rate, that's nothing in comparison to annexation of a country.

[–] Mossheart@lemmy.ca 1 points 6 months ago

Dunno. Vancouver's pretty fucked for housing and that's got 6.2% foreign ownership rate. I wouldn't mind being able to have a shot at affording a home in my city.

It's not the ONLY reason housing is fucked but 6.2% isn't nothing.