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this post was submitted on 28 Feb 2024
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This is just like Canada banning foreign investment in real estate. It admits there's a problem, data harvesting , homes as investments, but just solves a small part of the problem pertaining to "foreign bad guys" while ignoring the larger domestic issue.
All it does is make the government look like they did something without actually confronting the powerful interests that are causing the problem.
Especially that this was mostly a smoke screen considering how easy it is to register a company in Canada and then buy estate from said company. Suddenly it isn't foreign investment anymore.