Some markets had already gone soft while other will push through until the entire country has turn but eventually, all markets succumb to the macro economy. 

Twenty-Five cents on the dollar that used to go towards paying off the original principal of your mortgage would instead go to the banks as pure profit. 25% of every mortgage payment in the country would go to the banksinstead of reducing the household debt of ordinary Canadians.And reducing the debt of ordinary Canadians is what the Government says they want and why they came out with this new Stress Test Rule that uses the Mythical Posted Mortgage Rate.Posted Mortgage Rates are a Rip Off used by the banks to penalize and trick Canadians and is now used by the Government to lower Government Backed Insured Mortgage Debt.This will not decrease ordinary overall Canadians debt.

Check out the link to the add on trulia below:http://www.trulia.com/rental/3241217254-781-Countr...I have reduced the rate from $1,600/mo to $1,495 over the last few weeks. 

I would love to sit down and a coffee or a beer with you when I get back in the country in a few weeks.

So it's good to see it's not only possible but not overly complicated.China has a $50k/yr limit on moving money out of the country.

Thank you.Perhaps you should look into real estate investing in the country where you are a citizen.

@Brian Person The Loan Officer and Real Estate Agent told me the reason for the POA is that I'm currently working out of the country, so I will need someone to sign the closing papers, which was never mentioned on the foreclosure that will close this week.I didn't accept his underwriter's reason and have challenged him to get creative as you mentioned.

Me being a country boy I like simple. 

I live in another country, Japan, and I don't really have any start capital.

It is going to change a lot from country to country.