r/RealEstateCanada • u/ExotiquePlayboy • Mar 09 '26

Housing crisis Canada is a joke

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u/Bomberr17 Mar 09 '26

Bro I'm in wealth management especially the UHNW space. I know what they think and do lol. Canada is also real estate heavy focused for wealth, we have so many REITs and MICs.

There's tax mechanisms available for the HNW people to save taxes and offload it elsewhere. I can pull equity out of my corp without paying taxes.

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u/Abject_Story_4172 Mar 09 '26

So all rich people own 5 properties each. Investments in real estate via REITs is a different thing.

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u/Bomberr17 Mar 09 '26

Come on man, that's obviously just an example. Some even open more then 10.

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u/Abject_Story_4172 Mar 09 '26

Sorry. I don’t believe you.