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@Mike Martins Channel

đź”´Banning Foreign Home Buyersđź”´

Canadian home prices continue to rise, particularly in Toronto and Vancouver. How much of an impact do foreign buyers have on the astronomical prices? Long-time realtor Bob Hutchings argues they are playing a significant role in making homes unaffordable for too many young people, while Philip Cross of the Macdonald-Laurier Institute says the real culprit is a lack of supply to meet the demand of immigrants flocking to Canada’s largest cities.

Canadian home prices continue to rise, particularly in Toronto and Vancouver. How much of an impact do foreign buyers have on the astronomical prices? Long-time realtor Bob Hutchings argues they are playing a significant role in making homes unaffordable for too many young people, while Philip Cross of the Macdonald-Laurier Institute says the real culprit is a lack of supply to meet the demand of immigrants flocking to Canada’s largest cities.

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