once in a while people without kids complain about paying for schools they dont use. Well foreigners are great since OMG!~ that empty house contributes towards schools and other services it wont use. lolThere seems no end in sight. I suggest government step in and immediately put any foreign buying on hold. That's a full stop."jimtan"
There are two ways that a 'correction' can begin. In prime properties, once foreign buyers peter out.
We need a policy in place whereby only a certain % of available housing (for each property class) can be sold to outside interests. The criteria needs to specifically make Canadian citizens eligible for purchases after the foreign % is used, not landed immigrant.I doubt we'll see the numbers for June that we just witnessed for July. But, as the famous Months of Inventory chart tells us, with low inventory we could be in for another 4%+ increase.The future numbers will give us a heads up. Enjoy!