“If such foreign, non-resident buyers are artificially driving up the cost of real estate and Canadian families are shut out of the market, that is a matter we can and should do something about,” the Financial Post quotes him as saying. 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. “Foreign money will still be pouring into Canada and there are no plans for any changes in our immigration policy,” said Mr. Hasman, who has been involved with a number of projects involving offshore buyers. 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.
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. “Foreign money will still be pouring into Canada and there are no plans for any changes in our immigration policy,” said Mr. Hasman, who has been involved with a number of projects involving offshore buyers. 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.