Hope the Canadian government learns from this. We desperately need it. (ya, I know I know there will be trickle down impact of so much foreign money pulling out, but average home price of $1.36MM is unbelievable for the local salaries)
I think if we see house prices drop significantly in NZ it’ll be more to do with other economic changes than this rule.
(Note: I am in favor of requiring buyers of all property to be residents of the country. I think this should be pretty standard in any country.)
Has the US ever learned anything from Canada?