Canada PM vows to track, possibly limit foreign home buyers

  • 2/10/2023
  • 18:35
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OTTAWA/VANCOUVER, Shawwal 28, 1436, August 13, 2015, SPA -- Canadian Prime Minister Stephen Harper pledged on Wednesday to track and possibly limit foreign purchases of Canadian real estate if reelected, but the move was not expected to cool foreign buying anytime soon, according to Reuters. "There are real concerns that foreign, nonresident real estate speculation is the reason some Canadian families find house prices beyond their budgets," Harper said while visiting suburban Vancouver. The announcement hones in on fears in Vancouver that foreign money - mostly from mainland China - is driving rapidly rising housing prices, fueling calls for government to track international buyers and impose restrictions. --SPA 04:00 LOCAL TIME 01:00 GMT www.spa.gov.sa/w

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