It becomes empirical evidence when the house price explosion occurred concurrently with the influx of Chinese in Sydney, Melbourne, Christchurch, Auckland, Toronto, London, Vancouver, and many other western cities. Property prices have been stagnant in Japan for decades after the bubble popped and have been equally increasing the moment Japan has seen an influx of Chinese workers and students. Hundreds of billions of dollars have left China over the past 2 decades...guess where this has been invested in?
Go ahead let's see the numbers. I already posted that the foreign ownership in Toronto is 3.4%. So far you just make a lot of vague claims and post a lot of cynical bs about Canada. A good chunk of which is extremely misleading or false. But that seems to be how you operate. You aren't going to steamroll me I'm a lot better educated and have a lot more common sense then you will ever have. Maybe you are on the spectrum who knows but there is something off about you and how you operate. I'm just going to say it. Based on what you've posted, you know almost nothing at all about Canada.
You are changing the topic. You called into the question the significance of the property market as a share of Canadian GDP. Now you talk about foreign ownership. Canadian home values stand currently at 300% of GDP almost twice as high than the US and more than twice as high than most other developed economies. Residential housing investments made up almost 9% of the entire GDP in Canada. That is by any accounts very significant. A concurrent collapse of commodity prices and a collapse of the housing market would push Canada into an extreme recession. Keep on denying the facts.
I still see no numbers. Or any evidence you can think clearly on this topic. Of course foreign ownership is relevant based on specific points in YOUR posts. Try to keep up. The evidence suggests almost your entire body of work on this forum is pure trolling if we want to be real here. But you do tell us what you actually traded in the end, and we can compare the results to say simply owning a home in Toronto.
I am not even gonna pretend like I know anything about real estate but "supply & demand" is easy enough to figure.
What is going on with this guy? Every time someone remotely mentions downside risk in property prices or equity valuations he gets a heart attack and goes on a full scale rampage trying to assassinate the other character instead of staying on topic. Weird. But thanks for participating in my thread, @Nine_Ender, your opinion is duly noted, though you have not addressed the thread topic in any meaningful way.
You trued that ploy before and I blocked you. I took you off to address your very clear attempt to troll Canada. You could have discussed the topic without taking many needless basically off topic jabs at Canada but you chose not to. Obviously you aren't familiar with people who just stand up in front of you and confront your bs.
Here's a needless jab. Why do you guys call Kraft Mac n' Cheese "Kraft Dinner"? Oi, really? Do you guys top it with maple syrup and call it a wholesome meal? Teehee.
Also aliens will attack. I wouldn't call this a "correction" in housing prices and is more in line with what I said earlier which is that housing prices will only have a miniscule correction. https://tradingeconomics.com/canada/housing-index