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Comment by fooster | Hacker News Reader

Chinese are Canadian adversaries mostly because of the US. The US more or less forced Canada to hold Meng Wanzhou, which caused a huge rise in diplomatic tensions and cost Canada billions. Some thanks we got for that.

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This is definitely the biggest incident, but there's also been supposed Chinese meddling in Canadian politics and establishing foreign police stations which allegedly were threatening people in Canada.

Doesn't China own most of the real estate in Canada.

Did USA cause that

For a time there was a large amount of Chinese money fleeing to Canada and the US, buying up coastland and other high value residential. Circa 2018ish, that reversed due to Xi Ping's mandates. Near Seattle, the Bellevue luxury market bottom fell out over a month long period. AFAIK, it never fully returned to the hey day levels of spending.

US buyers owns like 10x more real estate in Canada in $$$ terms than PRC buyers, and US tends to buy the strategic stuff like commercial/industry, something like 50% of all foreign controlled assets in Canada is controlled by US. VS PRC mostly buying houses, foreigners own like 5% of housing stock in Canada.

> Doesn't China own most of the real estate in Canada.

No. Why would you claim something that is easily refuted? 75-80% of all residences in Canada are owner occupied.

>Doesn't China own most of the real estate in Canada.

No.

Weird whataboutery

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