They turned off the sell button for normies, lol.>Not long after he and his father invested a combined C$2 million ($1.5 million), Romspen announced it was blocking withdrawals — a last-resort tactic that lets funds avoid selling assets when too many clients want to pull out their money. >Every month, Andre’s account statements tell the same story: The cash is still there, but he can’t move it.>Across Canada, investors who poured billions into private real estate funds suddenly can’t touch their money. Stung by a deep downturn in the country’s housing market, many of the funds have restricted cash distributions, client withdrawals or both, in a process the industry calls “gating.” Often, the companies don’t say when access will resume. About C$30 billion ($21.7 billion) — almost 40% of the C$80 billion invested in such funds — is now locked up.>sauce:https://archive.is/T5dRk
Canada’s housing market and especially the condo market is facing a big correction.
>>526372046Not big enough, yet.
>>526371218I don't feel bad for the niggers who "invested" in making housing literally unaffordable in this countryif you get rugged and lose everything on speculative real estate that was being rented for 3x a reasonable rate I can't feel any sympathy for you
>>526374067This. Furthermore, I think that all indians must be destroyed.
From the article> Andre El-Baba never imagined an investment fund could trap himkek fuck speculators anyway.
