Jenny Kwan, a member of Parliament who represents Vancouver East and the housing critic for Canada’s opposition New Democratic Party, said the law is missing the real culprits in the housing crisis. “The government must target real estate investment trusts,” or companies that invest in real estate for profit, she said. “We need to curb the financialization of housing.”
New York Times: Do You Want to Buy a House in Canada? Not So Fast.
https://www.nytimes.com/2022/12/29/realestate/canada-bans-foreign-buyers.html?smid=nytcore-ios-share&referringSource=articleShare&fbclid=IwAR2DxHmZ029-Y5RnaN8jjj2s2ppS1XeFoYZc5xh7STC5kesX-8-Gzkb5GeE