Selling to foreign capital isn't innovation but a sellout. Canada is currently giving its citizens food, now wants to give them housing and is heavily aligned with the CCP. If it walks like a duck...
Truly incredible that when yo have ON THE TABLE on huge PRICE problem - you simply add more fuel to the fire. Sort of like the fireman commtting arson. But hey this is all too predictable all too forseeable totally unnecessary and incredibly unproductive. Regardless the goal of ever rising real estate values is boosted once again!!! This game will go on so long as the citizenry permit it.
What about ICI? The massive warehouse boom in Ontario has been facilitated & encouraged by the highway loving Ontario PC Government. Quadreal appears to be diversifying investment. Saw this latest MZO request & wondered if these industrial parks will go the way of the condo market? These investments externalize the environmental & infrastructure burden forced on local communities/municipalities.
We just came back from 3 months in Thailand and I have to say as much as I would love to own property there, I agree with their philosophy that foreigners can't own the dirt - but they have opened the condo market to ownership - and I think foreigners approach with a certain amount of caution because it's not all rosy.
With respect to what Ontario is doing, the government needs to stay out and let the BASIC laws of supply and demand sort this out - with the accompanying pain.
Ontario's Building Ontario Fund deal with High Art Capital stands out. They're investing $300 million to convert 2,200 unsold GTA condos into rentals. I read the government release. It shows how policy steps in when high rates leave developers holding the bag. With construction employing nearly 9 percent of the workforce, it affects real families across the province.
The rates are not high and why should the taxpayers be holding the bag. The population is likely to remain flat for a long time so it is time to pivot away from endless development,
This is a poor investment of what is limited tax dollars.
Selling to foreign capital isn't innovation but a sellout. Canada is currently giving its citizens food, now wants to give them housing and is heavily aligned with the CCP. If it walks like a duck...
They need to build homes that actually meet the needs of young families; not investment vehicles for hedge funds!
Truly incredible that when yo have ON THE TABLE on huge PRICE problem - you simply add more fuel to the fire. Sort of like the fireman commtting arson. But hey this is all too predictable all too forseeable totally unnecessary and incredibly unproductive. Regardless the goal of ever rising real estate values is boosted once again!!! This game will go on so long as the citizenry permit it.
What about ICI? The massive warehouse boom in Ontario has been facilitated & encouraged by the highway loving Ontario PC Government. Quadreal appears to be diversifying investment. Saw this latest MZO request & wondered if these industrial parks will go the way of the condo market? These investments externalize the environmental & infrastructure burden forced on local communities/municipalities.
https://ero.ontario.ca/notice/026-0184
We just came back from 3 months in Thailand and I have to say as much as I would love to own property there, I agree with their philosophy that foreigners can't own the dirt - but they have opened the condo market to ownership - and I think foreigners approach with a certain amount of caution because it's not all rosy.
With respect to what Ontario is doing, the government needs to stay out and let the BASIC laws of supply and demand sort this out - with the accompanying pain.
Ontario's Building Ontario Fund deal with High Art Capital stands out. They're investing $300 million to convert 2,200 unsold GTA condos into rentals. I read the government release. It shows how policy steps in when high rates leave developers holding the bag. With construction employing nearly 9 percent of the workforce, it affects real families across the province.
The rates are not high and why should the taxpayers be holding the bag. The population is likely to remain flat for a long time so it is time to pivot away from endless development,
This is a poor investment of what is limited tax dollars.
but the builders are pleased!! and do not for one single minute think a single unit will be built as a result. But the inventory will be unloaded!
This way the taxpayers are left holding the bag. Running a huge budget deficit. Kick the can down the road.