Despite pledges from Canadian Prime Minister Stephen Harper to track foreign property buyers should he win reelection , it is unlikely that the real estate market would recover , says Vancouver realtor Andrew Hasman . He believes that buyers would simply be able to find a " new way " around any potential restricting laws , which would mimic the tracking system currently in place in Australia . The Prime Minister"s comments follow rising house prices in Vancouver and Toronto , which his Conservative opponents believe are leaving Canadian residents unable to join the property ladder and are caused by a large amount of foreign investment .
Despite pledges from Canadian Prime Minister Stephen Harper to track foreign property buyers should he win reelection, it is unlikely that the real estate market would suffer, claims Vancouver realtor Andrew Hasman. Hasman believes that buyers will simply be able to find a "new way" around any potential restricting laws, which would mimic the tracking system currently in place in Australia. The Prime Minister"s comments follow rising house prices in Vancouver and Toronto, which his Conservative Party believe are leaving Canadian residents unable to join the property ladder and are caused by a large amount of foreign buyers.