Should Australia emulate Canada's foreign property investment ban?
Would a ban on foreign property investment, as has been implemented in Canada, improve housing affordability in Australia?
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In an attempt to rein in property prices and reduce the number of homes sitting vacant, Canada this month took the major step of banning foreigners from buying residential property.
Given the property market similarities between Canada and Australia in terms of price, supply, affordability and even political and social culture, it raises the question of whether Australia’s still expensive real estate would benefit from such a prohibition.
The C…
