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 Australia realtor Hasman . Andrew 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 Toronto . Ahead of the General Election in October, Canadian Prime Minister Stephen Harper, has pledged that if his party wins again, it will look to track foreign real estate buyers and possibly introduce an Australian-style restriction, which limits foreign buyers to purchasing new homes. 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 Australia realtor Hasman . Andrew 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 Toronto . 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.