zlacker

>>eswat+(OP)
To maybe offer a different perspective: I think the Canadian mortgages linked to Chinese accounts will likely all be paid. What may be happening is that there is a lot of underground chinese financial activity that is not recorded in Canada and part of this 'network' is utilized to get money out of china.

>>Sunlig+bn
It's not a matter of if they get paid, it's the unfair advantage this gives in an already competitive market. 2/3 of these properties are probably rented out at inflated prices and the two probably pay the mortgage of the third owners live in. This is a free money glitch, aka fraud.

>>uLogMi+Lx
If the market will bear the rent, why does changing the nationality of the owner improve anything?

>>jeffbe+1A
This has nothing to do with nationality and everything to do with fraud. If other nations are doing this, it should stop too. Telling lies to acquire loans is illegal and inflates prices for everyone working legitimately.

>>uLogMi+YI
Yeah but you seem to be suggested that without this yellow peril, the tenants would be, for some reason, getting a better deal. As if the problem is actually that Chinese people are better at price finding.