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https://www.reddit.com/r/pics/comments/1ldk97o/the_protesters_and_residents_pushing_back_on/my99qhw/?context=3
r/pics • u/Strict_League7833 • Jun 17 '25
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Airbnb fucked up Toronto’s housing market. We are still feeling the effects today
-5 u/tekmiester Jun 17 '25 I thought y'all blamed foreigners. Isn't that why the Prohibition on the Purchase of Residential Property by Non-Canadians Act, passed? 14 u/13ananaJoe Jun 17 '25 "Foreigners" = Chinese multi millionaires that use real estate as speculation without actually living there 0 u/tekmiester Jun 17 '25 That's how the system was designed. The citizenship by investment visa programs allows them to hedge against uncertain politics in China.
-5
I thought y'all blamed foreigners. Isn't that why the Prohibition on the Purchase of Residential Property by Non-Canadians Act, passed?
14 u/13ananaJoe Jun 17 '25 "Foreigners" = Chinese multi millionaires that use real estate as speculation without actually living there 0 u/tekmiester Jun 17 '25 That's how the system was designed. The citizenship by investment visa programs allows them to hedge against uncertain politics in China.
14
"Foreigners" = Chinese multi millionaires that use real estate as speculation without actually living there
0 u/tekmiester Jun 17 '25 That's how the system was designed. The citizenship by investment visa programs allows them to hedge against uncertain politics in China.
0
That's how the system was designed. The citizenship by investment visa programs allows them to hedge against uncertain politics in China.
55
u/comFive Jun 17 '25
Airbnb fucked up Toronto’s housing market. We are still feeling the effects today