|
The government really fucked up in the 90's tbh... Canada is just, ugh, so naive on the world stage. A lot of people blame that face on Trudeau nowadays, but we always have had that against us.
Back then they should have been more protectionist of land and had restrictions that nearly every other country in the world has over foreign ownership/investment. Then we wouldn't be where we are now. There was a TONNE of value in, say, HK immigrants who left in the 80's over China fears and sold their condos in HK and were filled with joy at the massive (by comparison) amount of space they could pick up here for pennies on the dollar... I vividly remember like 1986 onward my school filling up with people who make up most of my friend base to this day as HK immigrants. They all went on to build families and very contributing lives here which is what I think the government wants. I can't say the same for what's happened in the 2000's home investment wise. Somewhere in the late 90's it changed from being a land of opportunity for a better honest life to a place to park money and take advantage of lackadaisical rules.
That said, I personally have little qualms about selling here at some point and going elsewhere and taking my small advantage and making it work for me. There's lots of cool places in the world to live. Heck, I could even buy a hobby farm in England for what my condo is worth here. Give it a try one day? LOL
|