Why is everyone so eager to blame this on China? Of course there are some Chinese buyers here in Canada but if you’ve actually been in the market or know any builders you know that explanation doesn’t add up.
To add value to this discussion, it would help others and myself if you could elaborate on why it “does not add up”. Just stating that without providing details is a disservice to those who you claim are trying to shape the narrative.
FYI: I did not downvote any comments on this topic. I'm looking to hear everyone's thoughts.
Folks should note that New Zealand literally banned foreign ownership and is similarly going through a property bubble.
https://www.theguardian.com/world/2021/mar/23/new-zealand-mo...