Reason

REAL ESTATE XENOPHOBIA

THERE’S A SPECTER supposedly haunting the globe’s expensive housing markets: the absentee foreign owner. Critics claim international interlopers are buying properties that should go to hardworking native homeowners instead of rootless global elites merely looking for investment opportunities.

That’s the story people are telling themselves, and it’s why politicians from Wellington to Winnipeg have banned home purchases by foreigners, as the Canadian government

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