Canada bans foreign home buyers for two years
These are boogieman policies that have zero influence on the root cause.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.But that is not the root cause.The root cause is the system that is geared to keep houses always appreciating via supply constraints: aggressive zoning, discretionary permitting, NIMBYism.Until we liberalize zoning, legalize building, and reject the idea that houses have to be appreciating assets, the issue will continue.As it is often the case, politicians go for the headline with the highest electoral ROI, rather than tackle the real issues.