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The federal government’s foreign homebuyer ban was designed to improve housing affordability, but a major flaw in the legislation is causing more harm than good, according to the Canadian Imperial Bank of Commerce.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account and fewer ads
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The act and its language is good. Canadians cannot compete with corporations or organized crime money laundered in our real estate market.
What about the damage to the fabric of the nation if the citizens have to compete against the world to buy a home in their own country? 'The damage is real' how short-sighted can you be?