Smaller countries already have laws restricting foreign ownership for the same reason.
Also, if you think immigration isn't having a huge impact as well...nationalism is only getting started. Politicians and parties on the wrong side of these issues are going to be out of power for a generation or more.
SCMP: Foreign ownership main culprit for Vancouver’s unaffordable housing, a top destination for Chinese funds, ‘unimpeachable’ study says
The white paper by Josh Gordon, an assistant professor at Simon Fraser University’s school of public policy, found a near-perfect 96 per cent (or 0.96) correlation between various metro Vancouver municipalities’ price-to-income ratios (a common measure of unaffordability), and the proportion of their detached houses in which at least one owner was a non-resident.
A leading researcher who was not involved in Gordon’s study said its findings were “unimpeachable”: the more that a Vancouver municipality was favoured by non-resident owners, the more unaffordable its detached houses tended to be.
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