zlacker

Canada needs more housing supply. Blaming foreigners' mortgage applications, sketchy or otherwise, is just cope.

>>Ericso+(OP)
Canada does need more housing supply, and ironically an influx of fraudulent real estate money like this helps to fuel more growth in the supply.

Still, fraud is fraud. Stopping it won't fix Canada's housing problems, but that's not a reason to stand idly by.

>>cbsmit+91
I would say land value tax makes mortgage fraud a lot less enticing ;)

Sapping demand for the crime is the most effective enforcement! (Like Semaglutide is probably the best silver bullet yet to "win the drug war"...)

>>Ericso+(OP)
If you disallow foreigners to buy up whatever little housing there is on the market you solve part of the issue though.

>>Allege+6y1
Foreigners that don't live their will probably rent it out, no? If so, they are not contributing to housing scarcity.