^^what nationality do you want it to be
? they are probably canadian citizens. or did you mean what race they are? maybe they could be canadians of chinese origin but judging by the for sale signs not all of them are chinese, maybe most of them. why does it matter anyways. First it was foreign buyers to blame, now it's foreign realtors. Keep grasping at those straws!!
anyways, it appears the foreign boogeyman is not always the ones truly to blame here. I said all along they were getting ripped off and paying too much. It's unfortunate that they are vilified for it.
another thing I wanted to remind is that just because a foreigner is rich, it doesn't mean it's money laundering or proceeds of crime, or communists are coming to make Canada communist like some people actually think. This is straight up capitalism. A fortune was made out of country.
the unfortunate reality is canada doesn't have enough people or economy to make anyone rich. You have to sell your wares and innovations outside of Canada. Even the smartest ones here leave for other places to make more money. there just isn't enough industry due to, again, the low population. If you were a business would you want to set up shop here with all the expense, regulations, taxes, weak market. It's a recipe for failure. The resources we do have, we sell to other countries because we don't have enough consumers of those products. And we can be sure the very few rich home grown canadians do live in prime properties there are just very few of them. Bottom line is if we need people to live here to populate canada, we have a choice of bringing in wealthy people or not so wealthy. As hard as anyone wants to admit, we'd prefer people bring money than not.
What did you expect in "the best place on earth". Of course they will come.
All the angry people hoped for a crash 10 years ago. I guess they didn't think it was worth it to buy then so definitely not now. They either did not recognize the value or were spending their income elsewhere.
Currently with no more excuses left to blame, the main and only target is some "make believe" foreign dirty money boogeyman to blame. The desperation is clearly evident and people are laughing at them big time.
The reality is Canada is kept poor. Low population and huge land mass are an issue. Property sales and development is one of Canada's main revenue and industries.
Of course other countries can strike it rich with much bigger populations to market to. They also have more technology innovation.
Canada just can't compete and it is unfortunate