Quote:
Originally Posted by jbermingham123
You're assuming that the properties bought by foreign buyers are occupied and not simply sitting empty. In the case of chinese buyers, that assumption is wrong. Occupied building goes down, mostly unocuppied building goes up in its place. Obviously this isnt the case for most new construction in Canada, because the cities are still growing, but its pretty common, especially in Vancouver
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I'll concede that there are an inordinate number of unoccupied units in some developments, and that that is a point of concern.
But you didn't answer the question about taxes which did seem an odd point on your part.
Perhaps you could elaborate.