The federal government has enacted a foreign home buyers ban. Tom Davidoff from the UBC Centre for Urban Economics and Real Estate talks about what impact he thinks the move will have on the housing market.
- Foreign buyer ban was expected to impact 2% of home purchases, CMHC docs show
- Foreign buyers ban won’t fix housing market – could make it worse, experts say
- Foreign homebuyer ban: What it could mean for markets where the new rules don’t apply