Do you support the Canadian government’s ban on foreign ownership of homes in Metro Vancouver?

The government’s argument is that foreign buyers are competing with local buyers, driving up house prices across the country.

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On Thursday, as part of the federal government’s $10 billion budget program to reduce the price of homes in Canada, a ban on foreigners buying homes in urban centers was introduced.

The government’s argument is that foreign buyers are competing with local buyers, driving up house prices across the country.

Experts contacted by the Vancouver Sun said the number of overseas buyers was low and the policy would have little impact on prices which are instead being pushed higher by higher interest rates and a lack of supply.

However, many people who emailed the Vancouver Sun said the ban – which will last at least two years and has some exemptions – was welcome.

What do you think?

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