jhenerose88
New Member
- Joined
- Nov 27, 2022
- Messages
- 1
- Reaction score
- 0
How would a US trained (med school + residency in the US) ophthalmologist who is Canadian come back to practice in Canada? Is it possible?
Americans are ethical and honest and do not violate their pledge not to write down old ABO questions. Ask any recent diplomate and their lips are sealed as are mine.
I grew up in Niagara Falls, Canada but have lived and practice in the USA for many years.Justin xxxxxxx is an idiot. Effective January 1, 2023 and for 2 years, non-Canadians are banned from buying a house. He might extend that beyond 2 years. That violates the USMCA and NAFTA treaties. Justin is really ridiculous and also likes to break treaties. So if you're an American and want to practice in Canada, be prepared to either rent, be homeless, or live in an igloo (and eat poutine and drink Moose beer). In contrast, American are nice to Canadians and place zero restrictions on them buying a house. Canadians don't have to pay a high tax imposed on foreigners, including Americans, when buying a house, which was legal until December 31. 2022.
I grew up in Niagara Falls, Canada but have lived and practice in the USA for many years.
I'm no fan of Justin Trudeau. But....
Last January, my mom passed away. My sister and I made the decision to sell our childhood home. I grew up in a neighborhood that was....to say blue collar....generous. It was more like a brown collar neighborhood. 1/4 mile from the Niagara Falls waste water treatment center.
The house I grew up in was a 950 square foot bungalow. Maybe a 1/6th of an acre. It was on the market for less than a week. We got 18 offers with more than half of them coming from foreign residents and most of them around 50% MORE THAN ASKING.
I'm getting a bit older now and I did think for a while about perhaps moving back to my old home town when I retired and perhaps even into my childhood home. Unfortunately, mom passed a bit too soon and I can't let that house sit empty for the years it would take and I didn't want to rent it out. I wouldn't have done that to the neighbors, many of home are original home owners from the 1970s.
What that house sold for was MORE than my 2800 square foot on an acre and a half in Connecticut, where I live now cost. Even if I WAS ready to retire, I COULD NOT AFFORD TO BUY OUT MY SISTER'S HALF.
I would NOT BE ABLE TO AFFORD to buy ONE HALF of my childhood home. And even if I could, if I did buy it, my parents would rise from the grave and smack me in the head for paying that amount of money for that house.
The point is.....that is simply not sustainable. Home ownership is one of the biggest paths to wealth building and if Canadians in general and young Canadians in particular are going to be shut out of that opportunity en masse, that is not a good thing. That house was a perfect starter home. It should not be an "investment property."
This is what some people think but it's not true.This isn't related to ophthalmology of course, but this is also happening in Vancouver, BC, as well as I suspect many other places in Canada. Specifically, lots of overseas (Chinese) investors are creating the housing squeeze.