Exploring the differences in worker capital investment between the USA and Canada, pointing to higher investment levels in the USA due to its greater ability to attract foreign investment. The chapter also examines the potential impact of banning foreign investment in Canadian residential real estate and proposes fostering foreign investment as a solution for housing affordability issues.
Canada is banning foreign investors from buying homes for two years to address the pandemic-induced surge in home prices. Economists warn it could have long-term effects on the economy if not managed well. Other economies are closely watching Canada to see if the move pays off.
Learn more about your ad choices. Visit megaphone.fm/adchoices