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Old 08-12-2012, 05:01 PM   #13
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Originally Posted by Deep 3.2TL View Post
I don't know ANY Indians that went back personally...
I know a few but I would keep an eye on China. Not that long ago, I saw on canadian tv some medium size town in China where chinese investors came from Usa and Canada to invest. It looked as nice houses that we have on the outskirts. Basically they just want to hang onto them as long as they can. I am confident as Toronto gets stuck with ageing metro that can not handle the traffic, and houses reach all time high, it will be harder to to make money on the houses like back in the days. On top of that, the city is short on cash, and they are taxing you like never before. I still think it's a good place to buy if you can afford it, but there are better places to make more cash.
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