Exploring the reasons behind the recent Canadian law prohibiting foreigners from buying residential properties for investment, including the impact of the pandemic on home prices and affordability for Canadian citizens, and the broader global issue of unaffordable housing markets.
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.
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