DouglasTodd Profile picture
Migration, diversity & religion writer at Vancouver Sun/Postmedia News (incl. housing)
Apr 21, 2022 4 tweets 7 min read
Rich immigrants who moved to #Vancouver through Quebec's back-door investor program now own, on avg, $4.6m worth of housing. But they're only paying taxes on annual incomes of a paltry $100k. A gov.-enabled scam. Via @GoldinYVR, #vanre #vanpoli #cdnpoli theglobeandmail.com/real-estate/va… 2/ @Ayan604 says the system is failing new immigrants who’ve arrived to work and settle, if it also allows new immigrants who are here (simply) because they are wealthy and have an appetite for real estate investment. #vanre #torontorealestate #onpoli #Cdnimm #bcpoli #vanpoli