RE: China's Property Sector Now In Depression

Canada's real estate market has been in a bubble for nearly 40 years, as far as I know. The biggest reason is that Canada's government has not only allowed, but ENCOURAGED, foreign ownership of their domestic real estate. Just like Australia, they sold off all the valuable property to the Chinese.

Now the people of those two countries, respectively, are learning about the consequences of their governments' stupidity. They will not be able to ever afford to buy a house, and that causes inter-generational stagnation in wealth-creation and family-building.

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