<story><title>Canada bans most foreigners from buying homes</title><url>https://www.voanews.com/a/canada-bans-most-foreigners-from-buying-homes/6899982.html</url></story><parent_chain><item><author>smnrchrds</author><text>If you think this law will be easy to sidestep, please read this post first:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;old.reddit.com&amp;#x2F;r&amp;#x2F;canadahousing&amp;#x2F;comments&amp;#x2F;zz92li&amp;#x2F;prohibition_on_the_purchase_of_residential&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;old.reddit.com&amp;#x2F;r&amp;#x2F;canadahousing&amp;#x2F;comments&amp;#x2F;zz92li&amp;#x2F;prohi...&lt;/a&gt;&lt;p&gt;It appears that the law is well-designed to avoid such abuses and loopholes.&lt;p&gt;Relevant xkcd: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;xkcd.com&amp;#x2F;1494&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;xkcd.com&amp;#x2F;1494&amp;#x2F;&lt;/a&gt;</text></item></parent_chain><comment><author>revolvingocelot</author><text>Well-designed?! For who? From the actual law, at &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;laws-lois.justice.gc.ca&amp;#x2F;eng&amp;#x2F;acts&amp;#x2F;P-25.2&amp;#x2F;page-1.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;laws-lois.justice.gc.ca&amp;#x2F;eng&amp;#x2F;acts&amp;#x2F;P-25.2&amp;#x2F;page-1.html&lt;/a&gt;:&lt;p&gt;&amp;gt;Offence&lt;p&gt;&amp;gt;6 (1) Every non-Canadian that contravenes section 4 and every person or entity that counsels, induces, aids or abets or attempts to counsel, induce, aid or abet a non-Canadian to purchase, directly or indirectly, any residential property knowing that the non-Canadian is prohibited under this Act from purchasing the residential property is guilty of an offence and liable on &lt;i&gt;summary conviction to a fine of not more than $10,000.&lt;/i&gt;&lt;p&gt;Emphasis mine. Eh, who cares? 10 grand isn&amp;#x27;t anything when held up against the average Canadian house price. And, yes, it&amp;#x27;s 10 grand from each involved party, but that&amp;#x27;s it. Sure, there&amp;#x27;s some language later on which allows a province&amp;#x27;s superior court to order that the house be sold. &lt;i&gt;Be sold&lt;/i&gt;. What a punishment! And unless it&amp;#x27;s some massive televised case, the superior courts don&amp;#x27;t have time for that.&lt;p&gt;This should be seen more as the Canadian government getting their cut.</text></comment>
<story><title>Canada bans most foreigners from buying homes</title><url>https://www.voanews.com/a/canada-bans-most-foreigners-from-buying-homes/6899982.html</url></story><parent_chain><item><author>smnrchrds</author><text>If you think this law will be easy to sidestep, please read this post first:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;old.reddit.com&amp;#x2F;r&amp;#x2F;canadahousing&amp;#x2F;comments&amp;#x2F;zz92li&amp;#x2F;prohibition_on_the_purchase_of_residential&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;old.reddit.com&amp;#x2F;r&amp;#x2F;canadahousing&amp;#x2F;comments&amp;#x2F;zz92li&amp;#x2F;prohi...&lt;/a&gt;&lt;p&gt;It appears that the law is well-designed to avoid such abuses and loopholes.&lt;p&gt;Relevant xkcd: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;xkcd.com&amp;#x2F;1494&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;xkcd.com&amp;#x2F;1494&amp;#x2F;&lt;/a&gt;</text></item></parent_chain><comment><author>rippercushions</author><text>&amp;gt; &lt;i&gt;&amp;quot;The ban doesn&amp;#x27;t apply to properties with 4 units or more&amp;quot; - good. If the goal is to allow single family homes and duplexes, condos, etc. to drop in price, it&amp;#x27;s providing aid in the right place. The goal wasn&amp;#x27;t to make life easier for people buying investment properties.&lt;/i&gt;&lt;p&gt;This seems like a massive gap though, and the counterargument doesn&amp;#x27;t make sense.  Surely high-density housing is (should be) cheaper than the alternatives, and provides fine homes for many people who can&amp;#x27;t afford&amp;#x2F;don&amp;#x27;t want a suburban single family home with all the expenses that entails?  (Car, maintenance, etc.)</text></comment>