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
Nationality doesn't matter, but a high % of profits gained leaving the local economy does.

This is why trade with known tax havens should be banned, because no tax havens have large markets to capitalise. It's such a racket.