Sometimes I get frustrated with the "hoops" that we have to jump through and the potential problem areas that have to be watched out for when dealing with real estate across the Canadian and United States border. A recent article in National Real Estate Investor reminds me that maybe I should be happy with the systems we have. In an effort to cool off a rapidly rising economy, China has cut off foreign investors in real estate. Under the new regulations, foreigners must live in China for one year before allowed to buy real estate and then it must be for their own use. If the property is valued at more than $10 million they must have 50% equity. Although foreign investment is still considered a small part of the overall Chinese real estate market, this effectively cuts off foreign real estate investment in China. Read more at NREI.
Maybe investing in real estate across the Canadian and United States border is pretty easy after all.
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