- Jan 27, 2010
Maybe photoshop the picture, so it doesn’t look so cold there..
Yes tully, same thing here. Quebec in particular has (or had) a program that let you and your whole family in for a 5-year $800k investment. Once the 5yr period is over most people take the cash and dump it (back) in real estate.
No, you actually have to loan the money to the QC government for 5 years. What I meant is that most people sell their house in China or wherever to get that money together. Some even take on loans. Once the 5 years are up most people are gonna put that money back into real estate. Some journalists here are saying that that's what's been inflating housing prices in large Canadian cities.and the "investment" is the llc buying the real estate as it's sole activity?