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Controlling the Housing Bubble

Author: Mark C. Katz

With the rising cost of real estate in Canada, affordability continues to be a hot topic. In Australia, foreigners are limited to acquisitions of new dwellings, with approval in advance from the Australian Foreign Investment Review Board. Canada and its cities are considering foreign investment laws. Could a similar foreign review system for residential acquisitions work here? There are several factors that need to be considered.

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