Canada bans foreign home buyers for two years
These are boogieman policies that have zero influence on the root cause.<p>Foreign investors jump into the housing market because the current system ensures that the supply of housing is limited so it is an attractive way to park your wealth.<p>But that is not the root cause.<p>The root cause is the system that is geared to keep houses always appreciating via supply constraints: aggressive zoning, discretionary permitting, NIMBYism.<p>Until we liberalize zoning, legalize building, and reject the idea that houses have to be appreciating assets, the issue will continue.<p>As it is often the case, politicians go for the headline with the highest electoral ROI, rather than tackle the real issues.