China & Canada - Money, Politics, Real Estate

CBC asks if the housing bubble will pop as a result of tightened capital controls? Will China’s tightened capital controls pop the housing bubble? China imposes further restrictions to control capital flowing out of the country This month, the limit on foreign currency transactions in China was lowered to $9,000 to increase scrutiny on investment money flowing out of the country. Promoting some to fear this could be the catalyst that finally causes Canada’s bloated real-estate prices to collapse. Obviously there will always be support for real estate in Canada … forever expanding till the end of time (just our universe). “International shoppers are ‘relatively minor players’ but there are a lot of other things going on in the Vancouver, Toronto, Seattle or San Francisco housing market that have continued to propel housing prices upward,” said senior economist Aaron Terrazas, of Zillow, a real estate market research company based in Seattle. Chi...