Hey to this amazing team! Question: Does anyone invest here in Canada? I have 2 homes for rent ...

Original publication date on the United States Real Estate Forum on Facebook:
2019-01-04T04:57:53+0000
Hey to this amazing team!
Question: Does anyone invest here in Canada?
I have 2 homes for rent in the US, and I thought to spread the basket a bit on the next property…
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In Canada a foreign investor pays 15% tax on the purchase price of the property, this is a tax designed to prevent Chinese investors from continuing to raise property prices, it managed to slow the meteoric rise in property prices in Canada in recent years, lower yields from the US and much higher house prices. But the quality of neighborhoods, cities and properties is also much higher than the US average
An excellent question, very interesting how it works bureaucratically.