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CHINESE ARE PRICING CANADIANS OUT? — Should Canada MIRROR Other Countries’ Rules?

1,224 views · Published 22 January 2017 · 17:16 · Indexed 12 November 2026

Channel: Mike Martins · 2017 · News & Politics

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“Mirrored Policy” / “Two-Way Immigration & Investment Policy” - Mike Martins

It’s 2017 and Canada's housing crisis continues to spread beyond Vancouver.

In this video I'm looking at foreign investment, property ownership, free markets and the rules Canada has created around who can purchase Canadian real estate.

Vancouver housing prices have exploded, ordinary working people are struggling to get into the market, and British Columbia has already introduced its 15% foreign-buyer tax in an attempt to cool foreign demand.

But I want to take this discussion in a different direction.

I've lived outside Canada. I've travelled. I've personally experienced how different countries treat foreigners who want to buy property, open businesses, establish bank accounts or live permanently in their countries.

That got me thinking:

Why don't countries simply offer each other's citizens the same deal?

I'm calling it a mirrored or reciprocal investment and immigration policy.

If Country A allows Canadians to purchase property under certain conditions, Canada could offer citizens of Country A equivalent conditions.

If another country restricts Canadians from purchasing certain property, Canada could consider equivalent restrictions for citizens of that country.

The point isn't somebody's race or ethnicity.

The question is reciprocity between countries.

Would a system like that create a more level playing field?

I also discuss what's happening in other housing markets, including New Zealand, Australia and other English-speaking countries, where I'm seeing many of the same affordability problems.

I'm hearing stories about people renting garages, rooms, bunk beds and even backyard accommodation because conventional housing has become too expensive.

Something bigger is happening here.

Real estate has become a place for international capital to park money, but houses are also where ordinary people need to live, raise families and build their futures.

How do you maintain a free market while making sure the people who actually live and work in a country aren't permanently priced out?

That's the conversation I want people having.

Maybe my idea works. Maybe it doesn't.

But instead of simply arguing about foreign buyers, let's talk about actual policy solutions.

What do you think?

Should Canada establish reciprocal property-ownership rules based on what other countries offer Canadians?

Comment below.

Mike Martins — Mike Martins Channel

I Have Spoken.

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