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re: Justin Trudeau bans Asians from buying residential property in Canada.

Posted on 1/2/23 at 10:20 pm to
Posted by KAGTASTIC
Member since Feb 2022
7989 posts
Posted on 1/2/23 at 10:20 pm to
This is definitely a good move. We need it here and hope the Florida law passes. Only problem on our end is how many anchor babies the chynese are having here. Long play here will to have a cynese anchor baby president. Canada stopped that practice yrs ago. Fun fact...introduced by an Asian immigrant in their govt.
Posted by IceFrogBC
Member since Jan 2021
108 posts
Posted on 1/2/23 at 10:21 pm to
Are you kidding? The Chinese are experts at finding loopholes. This will have zero effect on anything and Castreau knows that.
Posted by IceFrogBC
Member since Jan 2021
108 posts
Posted on 1/2/23 at 10:22 pm to
I really don't understand the amount of people on this forum who just make things up.

Canada has not stopped birthright citizenship any more than the US has.
Posted by real turf fan
East Tennessee
Member since Dec 2016
8699 posts
Posted on 1/2/23 at 10:26 pm to
It's a two year ban on everybody buying residential property for investiments or speculation.

BUT it only applies to transactions in metropolitan areas with populations over 100,000.

I've wondered if escaping to Vancouver Island is possible and it remains an option, just avoid the cities (both of them) (I think Nainamo is big, maybe not big enough)
Posted by TigerFanDan
BFE
Member since Jul 2008
884 posts
Posted on 1/2/23 at 10:47 pm to
Every other country should ban Canadians from buying property.
Posted by chalmetteowl
Chalmette
Member since Jan 2008
47793 posts
Posted on 1/2/23 at 10:53 pm to
No 14th amendment in Canada…
Posted by Kitonja
Member since Dec 2022
174 posts
Posted on 1/2/23 at 11:01 pm to
USA needs to do the same. Every big housing market is swelled by Chinese cashing out properties. Just look at the California housing market. Chinese cashing 1mil+ houses like hotcakes. Then they don't even live in them. They either keep it empty as a way to hide money from the Chinese government or they rent for outrageous amounts.
This post was edited on 1/2/23 at 11:03 pm
Posted by BeepNode
Lafayette
Member since Feb 2014
10005 posts
Posted on 1/3/23 at 12:27 am to
This is a great policy. I wish we would all get behind this and try to get the same thing here instead of.. whatever this is.
Posted by Saint Alfonzo
Member since Jan 2019
22271 posts
Posted on 1/3/23 at 12:33 am to
Trudeau actually doing something I can agree with. The same sort of thing should be the law here. frick the Chinese.
Posted by pecxs
Pasadena, CA
Member since Dec 2003
516 posts
Posted on 1/3/23 at 12:42 am to
It is mainly the liberal governemnt‘s problems, not just Chinese. Easy to find the scapegoat
Posted by TaipeiTiger
Taipei, Taiwan
Member since Mar 2019
35 posts
Posted on 1/3/23 at 3:38 am to
They can still pay lots of money to get citizenship and then buy property the legal way.
Posted by trinidadtiger
Member since Jun 2017
13511 posts
Posted on 1/3/23 at 5:26 am to
We already have a committee in place to deal with this, CFIUS:

quote:

CFIUS is an interagency committee authorized to review certain transactions involving foreign investment in the United States and certain real estate transactions by foreign persons, in order to determine the effect of such transactions on the national security of the United States.



Course this is the same one that approved Uranium One, selling to the Canadian company as a pass through to the Russians, while Hillary sat on the committee, but swears she did not influence the decision.

And as a sidenote, its the same committee that worked on behalf of Bill Clinton when we sold satellite guidance systems to the chinese, helping them leapfrog an entire generation of development....and they in turn helped fund his reelection.
Posted by I Love Bama
Alabama
Member since Nov 2007
37732 posts
Posted on 1/3/23 at 6:01 am to
quote:

China will be big mad.


It is the opposite.

Rich Chinese citizens have been flooding the residential real estate markets in Canada for years. One of the large reasons their real estate market has been so crazy

China wants to keep the wealth inside of China.
Posted by AlaTiger
America
Member since Aug 2006
21125 posts
Posted on 1/3/23 at 8:43 am to
Good. The US should do the same thing. Foreign individuals and investors should be barred from buying homes in the U.S. It artificially raises prices and hurts Americans. This is the real America First policy we need. I wish Trump would have done this,
Posted by SlimTigerSlap
Member since Apr 2022
4313 posts
Posted on 1/3/23 at 8:49 am to
quote:

This is racist right? American libs told me that merely not allowing them to vacation here during a pandemic was racist.


Don't you mean nationalist? Yes, it is, and it's absolutely the correct move.
Posted by lsu777
Lake Charles
Member since Jan 2004
31431 posts
Posted on 1/3/23 at 9:20 am to
quote:

I don't think foreigners should be allowed to buy property in the USA


agreed but at the very least the countries that big dick Ron outlined should be banned. any communist country should be banned from having any property and should have to sell any residential property they already own.

also should be a ban at a minimum on any foreign owned business buying residential property and any AG land
Posted by Zach
Gizmonic Institute
Member since May 2005
112595 posts
Posted on 1/3/23 at 10:08 am to
They could take a halfway measure and say Asians can buy property in central Canada. 90% of Canadians live a few miles north of the U.S. border. That's where real estate is expensive.
Posted by Auburn1968
NYC
Member since Mar 2019
19683 posts
Posted on 1/3/23 at 10:47 am to
Fidel Trudeau!
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