fordinho comment in Vancouver Sun 3 Mar 2011 7:42pm – “As a fairly new resident (from the UK) I am completely flabbergasted at the prices in Vancouver, and even though I came across with a reasonable lump sum of finance, I’m not able to make a dent in a reasonably sized property within the city.
Again as a novice, it does appear to me that the whole market is artificially inflated by foreign investors pumping their money into properties (funds gained through whatever means) but I do have a question – does anyone know whether there are any restrictions in doing this? Surely you cannot buy any untold amount of properties in Canada (while residing in another country and having no intention of ever living here) to use purely as an investment tool?”