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by me_me_me 816 days ago
In canada's case. This was not the thing at all.

It became a trend in china's rich circles to invest in canadian housing market as way to hide money from ccp and to flex your wealth.

Chinese new money are prone to trends, and at scale it can have terrible results for city like Vancouver - quick google - "Chinese homebuyers accounted for nearly one-third of Vancouver's real estate market during 2015"