Agbadocassava:
You won’t have any reason to japa if Tinubu becomes the president, standard of living will be high and cost of living will be very low.


Good afternoon guys

For real, with Tinubu's taxes?

Ritchiee:


Maybe some people don dey wag their mouth say dem don buy half of Canada
Poverty no good at all..

the truth and the most important thing is that they have the resources to buy . Poor rat , be there envying

fkj950ax:


This is misinformation or ignorance by Op and or Vanguard Newspaper.

There is no ban on anyone legally in Canada from buying property.

The ban is on foreign investors who do not live or work or play in Canada but buy properties as INVESTMENT so they can rent out to people.

This creates supply shortages for people that want to own homes in Canada. People that actually live or work in Canada.

An example is Core Development Group that has set aside $1bn to buy single family homes and rent to people.

That’s about 1000 houses

25% of houses sold in the US in 2021/2022 were bought by investment companies. Not individuals looking for where to call home.

I has nothing to do with immigrants.



New York
CNN
—
Canada in 2023 is closing its doors to foreign investors who want to purchase homes.

A new Canadian law took effect January 1 that essentially bans foreign buyers from buying residential properties as investments for two years. The law was passed because of a spike in Canadian home prices since the start of the pandemic – and some politicians’ beliefs that foreign buyers were responsible by snapping up supply of homes as investments.

“The desirability of Canadian homes is attracting profiteers, wealthy corporations, and foreign investors,” said the campaign website of Prime Minister Justin Trudeau’s party this past year. “This is leading to a real problem of underused and vacant housing, rampant speculation, and skyrocketing prices. Homes are for people, not investors.”

This is not true.
Only citizens and permanent residents are permitted to buy houses under the law, broadly speaking.

Meanwhile Canadians buy more houses in US than any other foreigners

Agbadocassava:
You won’t have any reason to japa if Tinubu becomes the president, standard of living will be high and cost of living will be very low.


Good afternoon guys

You mean this guy?
U need to be flogged with oraimo cable

Ilamina:
Did you know that Small Canada has more Jews than the UK

Can you imagine

Calling Canada “small” beside UK really ? Okay, na you sabi pass

Osariemen12:


Source: https://www.vanguardngr.com/2023/01/canada-bans-most-foreigners-from-buying-homes/amp/
"

zedegit:


This is a sane country looking at their policy you know their leadership have grey matter upstairs.

planetx:
The average Canadian hate the Trudeau government and the way they feel they have flooded the country with immigrants at the rate of 500,000 a year, just go read the comments on any Canadian online site with an immigration story.

So this a lame attempt to address a serious housing crisis in a country that it's citizens can't even afford housing anymore.

Meanwhile Canadians are busy buying up houses in US (see below). Why don't they buy them in Canada?
And how will they feel if US enacts a law??

PoliteActivist:


This is not true.
Only citizens and permanent residents are permitted to buy houses under the law, broadly speaking.

Meanwhile Canadians buy more houses in US than any other foreigners

Are you sure you read what I wrote?

This law is protecting citizens and PR from being crowded out of the housing market. Before this law, investors who are overseas, were seriously buying causing prices to go up and scarcity for citizens and PR.

The Op and Vanguard alluded it to japa and Nigerians going abroad, which most going to Canada are PR holders.
So there is no way the law affects them, instead it protects them.

The company I quoted with the $1bn is a Canadian company and that's Canadian Dollars looking to buy Canadian homes.

I didn't refer to Canadians buying in US markets. The 25% sentence is to highlight the need for the law when compared with a country that has fallen into the rut of investors.

LeoDeKing:
I agree with Canada.

Before the major powder distributors start claiming they developed Canada.

You don't have sense, you think an average white man see any difference between You, an Igbo man and a Ghanaian ?

We are all black people, you're still insulting yourself.

LeoDeKing:


Obinna, next time, use "have".

Adewale, abi Adebutu abi Ademumu abi Ade-who-give-a-fück common sense nor tell you say na typo?

cocolacec:
We need this type of law in Yorubaland, non Yoruba natives should be banned from acquiring land or houses across Yorubaland.

exit Nigeria federation first!

so that we can pursue you from our oil and gas regions too!

LeoDeKing:
I agree with Canada.

Before the major powder distributors start claiming they developed Canada.

Why are u showing us your father’s legs naa

fkj950ax:


Are you sure you read what I wrote?

This law is protecting citizens and PR from being crowded out of the housing market. Before this law, investors who are overseas, were seriously buying causing prices to go up and scarcity for citizens and PR.

The Op and Vanguard alluded it to japa and Nigerians going abroad, which most going to Canada are PR holders.
So there is no way the law affects them, instead it protects them.

The company I quoted with the $1bn is a Canadian company and that's Canadian Dollars looking to buy Canadian homes.

I didn't refer to Canadians buying in US markets. The 25% sentence is to highlight the need for the law when compared with a country that has fallen into the rut of investors.

I was only disputing this your statement:

"There is no ban on anyone legally in Canada from buying property."

Other things I wrote are only for information purposes.
Just like I was telling the other guy there are 5 times more Jews in NYC than in the entire Canada

GENERALLY SPEAKING, IT IS UNWISE TO JAPA. WHEN THE COME COMES TO BECOME AND THE RUBBER HITS THE ROAD THE EMIGRE IS DISCRIMINATED AGAINST! YOU THINK IS FOR NOTHING THAT THE ISRAELIS SOUGHT AND NOW HAVE THE STATE OF ISRAEL!!

CoronaVirusRelo:


I was just pulling a joke to show how empty it happens to be!

Accept my apologies

Franzinni:
But they can just give it to thier relatives who is a citizen to buy for them ...

It won't affect politicians trying to launder some dineros

Do you know the cost of transferring property from one person to another. The tax you will pay is like the cost of the house.

[quote author=LeoDeKing post=119634355]I agree with Canada.

Before the major powder distributors start claiming they developed Canada. [/quote

Put some respect on the word "Igbo"

Amazing what we have been able to do to your mental health...

So devastating

Franzinni:
But they can just give it to thier relatives who is a citizen to buy for them ...

It won't affect politicians trying to launder some dineros

Their relatives would have to account for how they got the money and a that could lead to in-depth investigation which might raise unnecessary risk and stress if the money is not from a legitimate source and you know how 90% of overnight wealth is gotten in Africa.

Racoon:
These western imperialist have started the discrimination.

Please read news before commenting. Abeg!

Agbadocassava:
You won’t have any reason to japa if Tinubu becomes the president, standard of living will be high and cost of living will be very low.


Good afternoon guys

God forbid BAT thing

LeoDeKing:
I agree with Canada.

Before the major powder distributors start claiming they developed Canada.

It's of no use if you agree or not because you can never afford the luxury of owning a house, even in your next world.

It's your destiny to be poor.

Ilamina:
Did you know that Small Canada has more Jews than the UK

Can you imagine

you mean the third largest country in the world

Lightorder:
the truth and the most important thing is that they have the resources to buy . Poor rat , be there envying

lol
He pain am wella

As a Canadian I celebrate this news. This criminals laundering money from Africa and, China have been coming to buy up properties, driving housing prices up in Canada, making it difficult for locals to afford them.


You need to see how high house cost in Vancouver. Very overrated house going for more than it's worth because these useless foreigners bought them..Now an end to that nonsense has come.

bezimo:
As a Canadian I celebrate this news. This criminals laundering money from Africa and, China have been coming to buy up properties, driving housing prices up in Canada, making it difficult for locals to afford them.


You need to see how high house cost in Vancouver. Very overrated house going for more than it's worth because these useless foreigners bought them..Now an end to that nonsense has come.

lol all I have to do is setup a shell company and this law takes a back seat....this law can only be held at face value and even the PM knows.....

Presido44:


Their relatives would have to account for how they got the money and a that could lead to in-depth investigation which might raise unnecessary risk and stress if the money is not from a legitimate source and you know how 90% of overnight wealth is gotten in Africa.

lol by the time the money has been routed through multiple shell companies around the world it will be as clean as a newly minted money.....only dumb and jolly just come people handle such purchases in direct cash.......I can even put the money in a Canadian bank and take a mortgage loan against it.....will you go ask the bank where they got their money?

See country wey get leaders with brains unlike Buhari and members of his satanic government










I remember in 1940, we were only five on Nairaland. l, my uncle and three others and I totally don't understand a situation like this. Today we live in a world where people waste their time reading my comment.

LeoDeKing:
I agree with Canada.

Before the major powder distributors start claiming they developed Canada.

Are you scared we are the richest tribe in the whole world ��

LeoDeKing:


Obinna, next time, use "have".

Why dis hatred for Igbos?

You asked them to come over but you're adjusting policies to frustrate them too. Double standards

Hmmm

[quote author=IyanuDeb post=119638106]Nigerians will start taking this personal when the key word " Foreigners " was used.
They've started already! Some people can't comprehend simple word.