Australia investigates foreign ownership of real estate. What will Canada do?

One of the biggest newspapers in Australia, The Daily Telegraph, has run an in-depth story headlined “Fears Chinese investors are pricing first-home buyers out of the market will be investigated by parliament.”

Despite such investigations, there are concerns in Australia that its foreign investment review board doesn’t have the staff to properly police the country’s rules, which are much more stringent than those in laissez-faire Canada.

Read full article here.

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